just got an unblievable insurance renewal quote

[Top Cat]

Protected no claims is an expensive option (currently £61.95 of my £359.10 premium) at 17.25% of the total or a 20.85% extra. It may protect your NCD but it does not protect your premium as my younger daughter discovered. The increased renewal premium for the year following an incident outweighed the the cost and benefits of the protected no claims; in the first year at least. Is protection worth the extra cost or is it a bit of a scam?
One of you may well have a definitive answer?

Mic

Not worth a penny IMO. It's another way of insurance companies selling you fairy dust at inflated prices - you think you have gained a benefit, and at renewal you do keep your %NCB but any insurer will then load your new premium simply for having a history of a recent claim.

 

[Mic]

Topcat, what does IMO stand for?

Mic

 

[Top Cat]

In my opinion, sorry for confusing you with abbreviations Mic

 

[Telviking]

Or:

Acronym Definition
IMO In My Opinion
IMO In Memory Of
IMO International Maritime Organisation (UN)
IMO International Mathematical Olympiad
IMO Im Moment (German: In This Moment)
IMO International Meteor Organization
IMO I'm Moving On
IMO Irish Medical Organisation
IMO In Mijn Ogen (Dutch: in My Eyes)
IMO International Money Order
IMO Independent Electricity Market Operator
IMO Internet Mail Only
IMO Independent Market Operator
IMO Information Management Officer
IMO Immune Modulatory Oligonucleotides
IMO Independent Marketing Organization (insurance)
IMO Intelink Management Office (US DoD)
IMO Intergovernmental Maritime Organization (obsolete)
IMO Interactive Mathematics Online
iMO Instant Money-Order
IMO Institut für Mathematische Optimierung (Universität Magdeburg, Germany)
IMO International Market Opportunities
IMO Insaat Mühendisleri Odasi (Turkish: Chambers of Civil Engineering)
IMO Idaho Mounted Orienteering (club)
IMO Intramural Order
IMO Intermediate Math Open
IMO Incident Management Officer
IMO Integrated Molecular Orbital
IMO Installation Management Office
IMO Installation Mobility Officer
IMO Installation Maintenance Officer
IMO Intensive Management Office
IMO Information Media Outlet
IMO Imaobong Missionary Outreach

 

[mrguess]

hi pplz i got my Renewal From Admiral multicar £1548.64 thats My Mercedes 240E third party fire and Theft £844.84 2years No claims. my Nissan Tino Fully comprehensive 7 years no claims.. I phoned Admiral TO swap No claims bonus Around from Nissan To Mercedes went down by £10 lol. Ok then phoned to Elephane inusurance got Quote With both cars with ADMIRAL SWAPED NO CLAIMS AROUNDS NOW B0TH CAR FULLY C0MP @ £1200.thats a saving of £354.54p for me with the same company ???