Will I lose my no claims bonus if it is not my fault?
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.
Do you lose all your no claims bonus if you claim?
Pay the extra, and 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. But other insurance providers may significantly cut your NCD if you claim twice.
Do insurers check no claims bonus?
Do insurance companies ask for proof of no-claims bonus? Yes. If you’re switching to a new car insurance provider and tell them you have an existing no-claims bonus in your application, they’ll probably need to see some proof.
Can I use my NCD as a named driver?
New drivers won’t be entitled to NCD because they’ve not got enough experience on the roads yet. If you’re a named driver on someone’s car insurance policy, and you aren’t the NCD holder, you won’t be able to build up your own NCD either.
What happens to NCD after a claim?
For your first fault claim, you will lose only 2 years of NCD (unless you have more than 5 years NCD then it will fall to 3 years after your first claim). What happens if I have NCD protection? If you have purchased NCD protection, you can make up to two fault claims before your No Claims Discount is reduced.
Will it affect my no claims if someone hits me?
Even if someone hits your car and you make a claim for the damage on your insurance – it is likely that you will lose your no-claims bonus. Remember it is a ‘no-claims bonus’ and not a ‘no-blame bonus’.
What is the maximum NCD for car insurance?
Our maximum No Claims Bonus (also known as No Claims Discount) level is 9 years, so it will automatically be displayed as such on your renewal notice.
How many years no claims do I lose after an accident?
Each insurer will have their own rules about how long you have had a no-claims bonus for. Most will accept a no-claims bonus that’s less than 2 years old, but others may accept less than 3 years. However, they may only accept 3 years if they were the last insurer.
How do I check my NCD rating?
How to find out your no claims discount rating
- Logging into your online car insurance account.
- Referring to your insurance certificate; many specify your no claims discount rating.
- Viewing your car insurer’s latest renewal offer.
- Calling your car insurer and speaking to them directly.
How long is unused NCD valid for?
Your no claim discount (NCD) will be valid for 2 years after the expiration of your last policy, provided it is not being used on another policy.
How do I check my NCD entitlement?
In order to check your NCD, call your insurers and ask them to query the database for you. Also please note- some insurers have NCD protectors or NCD for life (e.g., FWD Insurance Singapore).
How many years no claims do you lose if you have an accident?