Some new providers will ask your old provider for the proof of no-claims discount themselves – they’ll let you know if they do. If not, you may find the details on your renewal letter or on the cancellation notice you’ll receive if you’re switching. If not, contact your provider and ask them to send you the proof.
How does no claims bonus work?
A no claims discount or no claims bonus (NCB) is a discount that can be applied to an insurance policy based on the number of consecutive years the policyholder has gone without making any claims. If there are still no claims on your policy, you keep getting a discount.
What is the use of No Claim Bonus in car insurance?
A no claim bonus allows you to save between 20 to 50% on your insurance premiums depending on the number of years you go without making an insurance claim. A no claim bonus is a reward for the owner for responsible ownership.
What is the maximum no claims bonus you can have?
In reality, most insurance providers cap the maximum no-claims discount at around 5 years. Some insurance companies do go beyond this – you might find an insurer willing to give you a discount on 8 or 9 years’ worth of no-claims.
How do I find my no claims bonus? – Related Questions
Do I lose my no claims if someone hits me?
Non-fault accidents
If they do, it will affect your no-claims bonus until your insurer can work out who’s liable. If you decide to claim for any damage, it will affect your no-claims bonus until your insurer can recover the costs from the other driver’s insurer.
Is it worth getting no claims protection?
Is it worth protecting no claims? If you have a big discount you’ve built up, say 50% for example, you might want to consider paying for no claims protection. This is because if you make a claim, you could lose anything you’ve built up already. But if you’ve paid for the extra, it should be protected.
Can you have two sets of no claims bonus?
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.
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 many years is full no claims discount?
Typically, a no claims bonus is valid for two years.
What happens if you use no claims bonus on 2 cars?
Unfortunately you cannot use your no claims discount twice. You can only use your no claims discount on one vehicle at any one time. However, you will be able to start earning another no claim discount if you take out a policy on a second car.
Can you have more than 9 years no claims bonus?
There’s no standard maximum period over which you can build up a no-claims bonus. Some insurance providers cap it at five years, others at nine or more.
Can I transfer my NCD from one car to another?
NCD transfer can only be made between cars that are owned by you. Both cars must be registered under the same Name and IC number. NCD cannot be transferred to a car that is not by another person.
Does named driver get no claims?
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.
Who gets no claims bonus main driver or policyholder?
The main driver (or vehicle policyholder) is the person who drives the vehicle most often and earns no claims discount.
What happens if named driver has accident?
If a named driver has an accident, the main driver or policyholder will need to make a claim on the policy and this will affect their no claims discount. If a named driver on your policy has an accident the claim will be against your policy even if you are nowhere near the car or accident itself.
Can a named driver be the main driver?
As a named driver you will be given the same level of cover as the vehicle’s main driver. Named driver policies are only appropriate if the named driver is not the main driver (main user) or the owner of the vehicle. Named drivers should be careful to avoid ‘fronting’, a form of insurance fraud.
What happens if someone else is driving my car and gets in an accident UK?
If someone else is driving your car and another person causes the accident, the at-fault driver’s insurance is usually responsible for covering costs. On the other hand, if the driver of your car is at fault, your car insurance will usually cover damages.
Can someone drive my car if they are not on my insurance UK?
It might be an emergency or you may have permission from the car owner, but that doesn’t mean it’s legal. Unless you’re a ‘named driver’ on their car insurance, you almost certainly won’t be insured. And both the driver and car owner can run into trouble if caught without the necessary cover.