How can you use claim-free years wisely?
Do you have or have had several motor vehicles? Did you know that you can save money by moving with claim-free years? For example, you have built up 10 years in your motorbike insurance and 3 claim-free years in your car insurance. You can also change the claim-free years.
Claim-free years are registered, but as long as they are attached to an insurance policy, they cannot be used for any other purpose. You can remove the years from the insurance, but that only makes sense if you have a better use for them.
How can the sliding of claim-free years give a discount?
Suppose you have an old motorbike that you ride occasionally. The motorbike is insured against third-party liability and you have built up 10 damage-free years. You only pay €15 a month for the insurance. You also have a relatively new family car for which you have purchased WA-casualty insurance. It has only 3 claim-free years. The premium for this insurance is €45 per month. It is better to take out the years in the motor insurance and use them again for the car insurance. This gives you a saving of €20 per month. This action increases the premium for the motor insurance, but the increase is limited to a few euros.
Do you still have claim-free years available?
Have you terminated a motor insurance policy in recent years? Possibly you can make use of the claim-free years that were built up in the insurance. You can see whether this is the case on the last policy issued. Insurers are obliged to inform you about the number of claim-free years after termination of the insurance policy. Do not wait too long with this. After three years, insurers often no longer take the years built up into account.
How do I handle it?
You can submit the request to the insurer. The question is whether the insurer will cooperate. After all, it is a major administrative operation. You can also do it differently. Compare the insurances and choose the insurer with the best proposal. Then you can cancel the existing insurance and you are then in charge of the claim-free years. In this way you can transfer the years in the motor insurance to the car. Chances are that the advantage is even higher than expected by the comparison.
Benefit from the second car scheme
Insuring a second family car is cheap with the second car scheme. You insure the second car with the insurer who also insures the first car. When determining the discount for the second car insurance, the insurer takes into account the years built up in the first car insurance. Does your first car insurance company not have a second car insurance? A good reason to change to another insurer. The advantage is great.
Claim-free years transferable since 1-1-2022
Since 1 January 2022, claim-free years are transferable in certain situations. In case of death for example, they can be transferred to the surviving partner. Also for lease drivers and drivers who have lived abroad for years, it is now possible to transfer the claim-free years. This way, they do not lose their accumulated claim-free years. In our blogpost you can read more about this new regulation.
Related pages about claim-free years
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