Car Insurance No Claims Bonus Explained


Visitors: 827

No Claims Bonus is a term used to describe the number of years you have had Car Insurance without making a claim. Put simply, if you have had Car Insurance for 4 years and you have not made a claim in that time, then you have 4 years No Claims Bonus. No Claim Bonus is probably the single biggest factor affecting the cost of your Car Insurance premium. Every year that goes by without you making a claim is another year of No Claims Bonus.

Generally speaking, the more No Claims Bonus years you have, the cheaper your premium will be for the car you need to insure. This is because Car Insurance companies can see that your history regarding making any claims is a good one.

When changing provider, Car Insurance companies will usually ask you to prove your No Claims Bonus in the form of a renewal notice or a letter from your current Car Insurance company. If you have several years of No Claims Bonus but then make a claim, the Car Insurance company will usually apply it's rules of how much to knock back your No Claims Bonus Years. Some companies such as Accept Direct ( ) offer to protect your No Claims Bonus for an extra fee during the quotation process. Having full no claims bonus can also entitle you up to 75% discount on your car insurance premium.

Copyright (c) 2004 Accept Direct Limited

About The Author

Andrew Bowen is the CEO of Accept Direct Limited. Accept Direct offer car insurance to UK customers through their website


Article Source:

Rate this Article: 
Easy Steps to Car Insurance Claims
Rated 4 / 5
based on 5 votes

Related Articles:

How the No Claims Bonus or No Claims Discount Works

by: Alevoor Rajagopal (July 14, 2007) 
(Insurance/Car Auto)

Protect Your Car Insurance Claims By Security Marking Your Car

by: David H Thomson (July 04, 2007) 
(Insurance/Car Auto)

Stay on Your Motorbike and Keep Your No Claims Bonus

by: Adam R. Singleton (February 16, 2009) 

Named Driver No Claims Bonus

by: Simon R Smith (July 27, 2009) 
(Insurance/Car Auto)

Car Insurance UK - Get Claims Without Hassles

by: Andrina James (December 20, 2007) 
(Insurance/Car Auto)

How to Do S Claims With Florida Car Insurance

by: James Moyog (July 15, 2008) 
(Insurance/Car Auto)

Steps in Car Accident Insurance Claims

by: Rainier Policarpio (July 11, 2008) 
(Insurance/Car Auto)

Car Insurance Claims: Is It Profits That You Seek

by: Titus Wambua (January 15, 2007) 

How to Make Successful Car Insurance Claims

by: Kevin Jeffers (December 27, 2011) 
(Insurance/Car Auto)

Easy Steps to Car Insurance Claims

by: Isobel Miller (July 06, 2008) 
(Insurance/Car Auto)