A note for all team BHPians: You are able to transfer your NCB from the car you sold to the new car you purchased. This can be done immediately as well and also across different insurance cos., PSU or private. Just ensure that when you sell your old car, you inform your current existing insurance co., give them evidence of transfer and insist on NCB certificate. Submit this with a letter to your new car insurance co. and voila receive a refund cheque for the NCB amount in % terms of your NEW premium.
Believe me, I have done this several times and the saving in premium can be pretty huge. e.g. your old car premium is 8k with ncb of 40%. You buy new car with premium of 24k. You will get back almost 8-9k as NCD refund and also next year premium will get 50% NCB, if no claim made.
No idea how this is going to work in de-tariff regime from 1/1/07. Presumably, the fact that you have a 40% NCB itself will reduce your premium.
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