Unfortunately, you can only use one set of no claim discount on one vehicle at any time. To earn multiple sets of no claim discount you need to insure multiple vehicles at the same time.
Why can you only use no claims bonus on one car?
In fact, your multi-car policy is actually individual policies for each of your vehicles, they’re just all provided by the same insurer and renewed at the same time. Each vehicle is unique. This is why your no claims bonus wouldn’t automatically apply to other vehicles under the policy.
Can you have 2 cars on one insurance policy?
Multi-car insurance covers more than one vehicle under the same policy. It offers the same features as a single-car policy, but gives you a discount for the second vehicle. This makes it one of the cheaper ways to insure more than one car.
Can I have 2 cars insured in my name?
Yes, there are two ways to do this. You can either take out a multi car insurance policy, or you can take out two separate car insurance policies.
Can you have no claims bonus on 2 cars? – Related Questions
Can I have 2 separate car insurance policies for 2 cars?
Yes, you can take out multiple car insurance policies. This could be useful if you have more than one vehicle, or you need to drive someone else’s car as well as your own.
Can I keep my no claims bonus if I don’t have a car?
If you haven’t had your own car insurance for a little while (maybe you sold your car, stopped driving or moved overseas), most car insurance companies will honour your old no-claims discount when you take out new cover. Unfortunately, this grace period only tends to last for two years.
Can I transfer my NCB to another car?
Is it possible to get the NCB transferred to a new car? Yes, it is possible to get the NCB transferred to a new car because this discount is awarded to the policyholder and not on the insurance policy. One can get a 50% discount if no claims are raised for a long period of time.
Can I transfer my no claims bonus to another insurer?
You can usually transfer a no claims bonus if you move to a new insurer or buy a new car. You’re unlikely to stay with the same insurer for a long time, as switching insurers is usually the best way to save money on your car insurance, but you don’t want to lose out on any discount you’ve built up when you do switch.
Can I combine no claims bonus?
No – you can only use your no-claims discount on a single car insurance policy at a time.
Is 9 years no claims the maximum?
For example, if you’ve been driving for 15 years and haven’t made a claim, and your insurer’s maximum limit is 9 years, it will show on your insurance document that you have 9 years no claim bonus.
Do I lose my no claims bonus if someone hits me?
A no claims bonus (NCB), or more correctly a no claims discount, is awarded if you don’t claim in the latest policy year. Even if you have an accident that wasn’t your fault – you’re hit by an uninsured driver, or your car gets stolen – you could lose your NCB, and your premium could even go up at renewal.
What’s the maximum no claims bonus?
Maximum No Claims Discount
Most firms offer a maximum NCD of 70%, although some offer 75% or 80%.
Is it worth claiming on car insurance for a dent?
In a nutshell, small dents/scratches on your car’s surface does not require a car insurance claim. In fact, it is best to refrain from raising a claim in such a scenario, as you may otherwise lose a lot of money.
Does 1 year no claims make a difference?
It can save you money.
Even after just one year of claim-free driving, you can earn a discount of up to 30 per cent on next year’s car insurance costs. After five years this could be as much as 60 per cent.
How much is 2 years no claims bonus worth?
How much discount will you get? All insurance companies have their own no claims discount scale, but a typical example might be: 30% discount after 1 year’s claim-free insurance. 40% discount after 2 years.
Can I transfer my no claims bonus to my wife?
Yes, many insurance providers will let you transfer your no-claims bonus to another person. But there may be specific criteria. For example, many will only let you do it once, and only transfer it to a spouse or partner, and you won’t then be able to use that NCD on another policy.
Does no claims bonus expire?
Can your No Claims Bonus expire? The expiry period for an unused no claims bonus is two years after you’ve cancelled your last policy. So if you have taken a break from driving but you don’t want to lose your NCB, you’ll have to take out a new policy within two years to carry on where you left off.
How much NCB Do you lose after a claim?
If you make one claim during your insurance period, you’ll lose two years of the bonus. So, if you have five or more years NCB, it will reduce to three years at renewal.
Can I check my NCD online?
The NCD service is an online digital service that replaces the need for motor insurers and policy holders to have to manually exchange papers about a policy holders’ NCD data.
Can you keep no claims as a named driver?
Named drivers can’t usually build up a no claims discount, although they can accumulate their own if they’re insured as the main driver on their own car. Some insurance providers may give a named driver a discount – provided they take out their own policy at a later date.