Date: Tue, 11 May 2004 13:05:02 +0100
Newsgroups: uk.finance
From: J L Williams 
Subject: Re: Motor Insurance

The message 
from "Helen"  contains these words:

> Is it worth paying a premium to protect no claims discount?

No, see your own answer below.

>I have 8 years
> no claims discount, and it would cost me an extra £30 to protect this
> (doesn't sound like much but money is tight). I can't help suspecting that
> if you made a claim, they would just ramp up the basic premium before
> applying your protected no claims discount percentage, and you would still
> lose out. 

Precisely. 

>Or am I just being cynical?

Even without claims (20 years+) my insurance premium increases with the
second year with any company. I assume it's because I get the first year
extra low as a *new business* applicant. So I just b******* off and
start a *new business* with another company with a lower rate.
Jim