Does protecting no claims work?

Asked by: Mr. Davin Abernathy III  |  Last update: February 11, 2022
Score: 4.6/5 (16 votes)

In the event that a claim is made against your insurance you won't lose any of your years of no claims driving, meaning the discount you receive is fully protected. However, before taking out Full No Claims Bonus Protection it can be worth checking with your insurer for any exceptions or limitations to the protection.

Is it 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. ... By protecting your no claims discount, you'll be locking in that discount. You'll continue to pay less on your premium even if you have an accident.

Is it worth protecting 4 years no claims?

So is it ever worth paying to protect your NCD? As a driver with four or five years of claim-free driving behind you, you may be tempted to pay an extra fee to keep your history clean. This protection typically adds 5%-10% to your annual premium.

Can you lose your protected no claims?

For example, if you haven't protected your NCD with your insurer, you could lose five (or more) years' worth of no claims discount if another driver was to reverse into your car in the supermarket car park and you needed to claim for repairs.

How many years NCB Do you need to protect it?

Normally you need to have at least five years No Claims Discount to qualify for No Claims Protection, however we have three insurers who do offer this benefit on a lower amount of No Claims Discount.

Wise Owl Series (Eps 5) - No Claims Bonus, Proof of NCB & Protected NCB

17 related questions found

Can you protect 1 year no claims bonus?

Once you've built up a few years' no claim bonus, you can “protect” it with an optional extra fee. This means your no claim bonus will be safe-guarded, even if you make an at-fault claim.

Do you lose your no claims bonus after 2 years?

The expiry period for an unused no claims bonus is two years after you've cancelled your last policy. So if you have taken a break from driving but you don't want to lose your NCB, you'll have to take out a new policy within two years to carry on where you left off.

Is it worth protecting no claims on home insurance?

How much could I save? After the first year, a no claims discount could save you around 10-15% on your home insurance premium, then up to 40 or even 50% after five years. The amount of discount offered varies between providers, so it's a good idea to shop around before committing to a policy.

Is 9 years the maximum no claims bonus?

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.

Do you have to declare an accident if you have no claims protection?

Do I need to declare a non-fault claim? Yes, you need to declare all accidents that you're involved in, regardless of who, or what, was at fault. Pretty much all insurance providers will have a clause in their policy requiring you to declare any incidences you're involved in while driving in the past 5 years.

How much difference does no claims bonus make?

As a motorist, your no claims discount makes a massive difference to cost of your insurance premium. Many can end up slicing on average 24%* off the price you first paid after five years of claims-free driving.

Does a non fault accident affect no claims?

Non-fault accidents

If you decide to claim for any damage, it will affect your no-claims bonus until your insurer can recover the costs from the other driver's insurer. But a no-claims bonus is only relevant at the annual renewal of the policy.

How much does insurance go down after 1 year no claims?

The longer you go without making a claim, the bigger the discount you should be offered, up to a certain point. So while you might be given a 10% discount after one year with no claims, driving claims free for five years could mean saving 50% or more on your premiums.

Can I use NCD on 2 cars?

Unfortunately, you can only use one set of no claim discount on one vehicle at any time. To earn multiple sets of no claim discount you need to insure multiple vehicles at the same time.

What if I get my no claims bonus wrong?

In case of an incorrect declaration of your NCB, your insurance provider could reject your car insurance claim altogether. That means that if you declare the wrong NCB while getting insurance, it's as good as having no cover.

Does a new windscreen affect no claims?

No, with LV= car insurance, windscreen claims don't affect your no claim discount. For example, if you get a chip in your windscreen and it needs to be repaired or replaced, you'll have to pay an excess - but you won't lose any of your NCD. You can find your windscreen excess in your policy documents.

Do you lose your no claims bonus if you change insurer?

You can usually transfer your no-claims bonus to another car. But if you switch insurers before the year is up, you won't get the NCB for that year. Insurers should provide proof of your bonus at the end of your policy term. You can pass this on to your next provider when you switch.

Is policy expert a good insurer?

Policy Expert car insurance is rated as three stars by Defaqto, an independent financial research company. Note: Not all Defaqto products with the same star ratings have the same covers and terms. TrustPilot has given Policy Expert a rating of 4.7 out of five based on 25,340 reviews.

Can I check my no claims bonus online?

You can upload your renewal notice letter and no claims bonus proof through their online form. They'll want to see the main driver's details, details of your previous insurance policy and how many years of no claims you have.

How can I check my no claims history?

Your no-claims discount may be on your renewal letter. If it's not on there, it might be on the cancellation notice you'll receive if you're switching. If you can't find it yourself, contact your provider and ask them to send you the required proof.

Can a named driver drive another car?

Can a named driver drive another car? Yes - provided that you have a separate insurance policy to cover you for that car. Named driver insurance will only cover you to use a car now and again, it does not cover you for other vehicles.

Can I protect my no claims after 3 years?

You can pay to guarantee or protect your NCB. 'Guaranteed' means a claim won't reduce your bonus but you won't get extra discount that insurance period. 'Protected' allows two claims in three years before the bonus is reduced, and, again, you won't get any discount in that period.

Do admiral accept bike no claims?

Yes, provided it isn't still being used on a current policy. We will allow an introductory discount if you have been claim free for the last two years, have at least 2 years motorcycle no claims discount when you take out new cover with us and have held a Full UK or EU Driving Licence for at least 2 years.

Why does your insurance go up if accident wasn't your fault?

Insurance rates can go up after a not-at-fault accident because statistics show that having any accident on your driving record makes you more likely to file a claim in the future. And in some situations, not-at-fault accidents can still cost insurers money.

What does NCD disallowed mean?

If your No claims bonus has been disallowed this means that you have been found at fault and it must be declared as a fault accident.