Is it worth protecting your no claims bonus?
It depends on your personal situation whether it’s worth protecting your no claims discount.
If you have five years’ no claims discount, it will significantly cut the cost of your car insurance.
You could lose all that for just one accident.
You’ll continue to pay less on your premium even if you have an accident..
Can you protect 1 years no claims bonus?
Can I protect my no claims bonus? Yes, by paying a fee on top of the cost of your car insurance. That way if you do claim on your insurance, your NCD stays intact. Some insurance providers allow you to make two claims in a year without it affecting your discount.
How long does no claims bonus last if not insured?
two yearsProof of no claims is usually only valid for two years, which means if you’re off the road for any reason or don’t have your own policy for more than two years, you’ll be back to zero NCD the next time you take out cover.
Do I lose my no claims if I get banned?
Yes, your ncb is transferable. You simply need the ‘proof of ncb’ that is supplied by your last insurance company. That is only issued at the end of a full year, so if you cancel part way through you will not get a ncb of 18 months, only for full years.
What’s the maximum no claims discount?
After building up a no claims discount for a number of years, drivers can receive a maximum discount of around 70 or 75%.
How much difference does no claims bonus make?
If you have several years of no claims, protecting your bonus could save you money if you do have an accident and need to make a claim. No claims protection can come to around 10% of your policy’s cost, so if your premium is £300 a year, you will need to pay another £30 to protect your no claims.