Quote:
Originally Posted by wraymond
This varies from company to company but generally:
1 year = 20%
2 years = 30
3 years = 45 (I know, daft)
4 years = 50
5 years = 60
6 years = 75
The discount usually finishes there and the graduations may be slightly different, but they are a reasonable rule of thumb. Companies will only take into account a maximum of 9 years anyway and that's why they ask for the number of years rather than the %. Some companies offer special introductory discounts. Don't forget, unless the questions are specific, even 'no fault' accidents must be declared and they will be on MIB file.
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Thanks Ray
I really can't understand why some companies quote as a percentage and not years,surely the industry should have a standard so when changing providers everyone is clear of the entitlement.