Can you have more than one no claims bonus?
Asked by: Levi Barton | Last update: December 16, 2025Score: 4.3/5 (34 votes)
Can I have more than one NCD?
No, you usually can't use a no-claims bonus on multiple cars. This is the case even if you have a multi-car policy. Each car on the policy has its own bonus and these can't be transferred to other vehicles on the policy.
Can you have more than one NCB?
Usually, no. You can only use your existing NCB in one policy for one car, but you can build up a separate NCB on another car insurance policy for a second car. But some insurers let you mirror your NCB from your first car to your second.
Can NCB be used on two cars?
Technically, you can't use the same NCB on two cars at the same time. So if you're getting a 40% NCB discount on one car, you can't automatically use that discount on a second car. You can build up a separate no-claims discount on a second car. But you have to do it from scratch.
How many no claims bonuses do I have?
You can find out how many years of no claims bonus you've accumulated on your car insurance renewal paperwork, on your cancellation letter, or a letter from your provider confirming your no-claims discount. To be valid, it must be dated within two years of starting your new car insurance policy.
No-Claims Bonus - Things to look out for
Do I lose my no-claims bonus if I have an accident?
If one policyholder makes a claim and loses some or all of their no claims bonus, it doesn't affect the other policyholders. However, if you're the policyholder and a named driver on your policy has an accident, it will affect your NCB.
How many claims are allowed in car insurance?
In any case, two at-fault claims within three years are grounds for non-renewal with many insurance companies. Since your driving record follows you, your next insurance company will consider you high risk as well, and your insurance rates will reflect it. unless you file more than three within three years.
Can you protect 3 years no claims bonus?
You need to be 21 or over with three years or more of No Claim Discounts and have had no more than one claim in the last year to protect your NCD with us.
Can you have two car insurance claims at the same time?
Insurers typically look at claims over a multi-year period. So, whether you've filed two insurance claims in six months or two claims in two years, you'll be seen as having multiple car insurance claims.
Can I transfer my NCD to my wife?
Yes, but this cannot be transferred back.
Can I have two no claims bonuses?
Having two sets of No Claim Bonuses can be a bit complex, as in general, an NCB applies to a single car insurance policy and is specific to the policyholder. Therefore, if you own two vehicles, each will have its own NCB if they are insured under separate policies.
How do I open a second NCB account?
Opening Another Savings Account? Already an NCB Customer? It is easy to open a new account by using "New Account" under Quick Links in Online Banking. If you are unable to open your account using online banking, you are welcome to visit any branch after making an appointment.
What is the NCB card limit?
, the daily limits for transactions conducted with an NCB Visa Debit card are as follows: $100,000.00 (Online), $150,000.00 (Point of Sale), $100,000.00 (ABM Withdrawal) and $150,000.00 (ABM Deposit).
What is the maximum NCB limit?
What is the maximum percentage of NCB available under car insurance? The maximum percentage of NCB available is 50%. However, to qualify for this discount, you need to have had five consecutive claims-free years. The exact percentage of NCB depends on the number of consecutive years you have not claimed on your policy.
How much does car insurance go down after 1 year no claims?
In many cases, your insurance will go down by 5-20% in the first year of no claim, depending on your insurer. After the first year, this discount increases each year, usually by 5%, if you don't make a claim. But it only increases up to a maximum discount, usually 50-60%, and a number of years — usually 5-6 years.
Can I claim on more than one insurance?
Can you claim on two life insurance policies? If you have multiple life insurance policies, then yes. Your beneficiaries will be able to make claims against any active life insurance policies in the event of your death.
Will insurance drop you after two claims?
Too many insurance claims
If you file claims often your insurer may view you as a greater risk, which may lead them to non-renewing your policy. Insurers may not drop a customer after their first one or two incidents.
Can you file two claims for a car accident?
If you've been in an accident with multiple cars, you may wonder if you can file a claim with more than one insurance company. In some cases, yes. Sometimes you can file a claim with each at-fault party and hold them responsible for your injuries and property damage.
Is it illegal to have double car insurance?
Although no laws prohibit you from purchasing two auto policies from two different companies, an insurer will not allow you to purchase two policies on the same car. If you have an auto accident, filing two claims with two different insurance providers constitutes insurance fraud even with two auto policies.
Is there a limit on no claims bonus?
This can vary among providers, but most will cap the maximum no-claims bonus at around nine years. Once you reach this, you won't get a bigger discount on the following no-claims years.
How do I avoid losing my no claims bonus?
No-claims protection is an optional add-on to insurance premiums offered by some providers. It allows you to claim one or more times per year without impacting your no-claims bonus. You have to pay for it, and the cost and number of times you can claim varies significantly across providers.
How do I check my NCD?
How Do I Check My No-Claims Discount (NCD) in Singapore? There are two simple ways to find out your existing NCD. The first is to look at your current car insurance policy schedule - It shows your current NCD entitlement. The second is to ask your current car insurance company directly.
What happens if you have multiple insurance claims?
Can insurance drop you for too many claims? Yes, your car insurance company can drop you if you file too many claims. Most often, an insurer will send a nonrenewal letter prior to your next renewal period, advising that your insurance will be terminated at the end of the policy period.
How does no claim bonus work?
A No Claim Bonus or NCB is a reward given to policyholders for having a claim-free year. The insurers offer NCB if they do not raise any insurance claims during a particular policy year or consecutive policy years. Policyholders with a claim-free record can get from 20% to 50% discount on premiums.