A No Claims Bonus (or NCB) gives a reduction to Car Insurance policyholders. The bonus received is dependent on the number of years since you made a claim or when a claim was made against you.
At renewal time, your current insurance company posts you out a letter outlining the years of No Claims Bonus accumulated as well as the no claims discount applied. NCB’s can also be transferred to an insurance company to others as well as from one car to another.
The maximum no claims discount allowed is five years, even if you haven’t claimed for a longer period of time, and typically gives you a 50% discount on your Car Insurance premium.
If you have any queries about how to get the best deal with your No Claims Bonus, simply call us on 1890 746 759 or e-mail us on firstname.lastname@example.org to get simple advice quick!