How long can you keep your NCB?
Asked by: Darrel Metz | Last update: March 14, 2023Score: 5/5 (12 votes)
Can your No Claims Bonus expire? 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.
Do I lose my NCB if I don't claim?
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.
Can you protect 3 years NCB?
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.
Can you protect 4 years no claims?
How long does a no claims discount last? Your proof of NCB will usually only be valid for two years, although this will depend on the insurer. So if you are planning on taking a break from driving for more than two years, you might have to start from scratch with your next car insurance.
Is 9 years no claims the maximum?
Proof of no-claims when your no-claims bonus is higher than your new insurer's maximum. You may go to a new insurer with a higher amount of no-claims bonus than they will accept – for example, if you have 9 years no-claims bonus, but the maximum they apply is 4.
No-Claims Bonus - Things to look out for
How long does NCD last without insurance?
Your no-claims bonus (usually) lasts for 2 years
If you haven't had your own car insurance for a little while (maybe you sold your car, stopped driving or moved overseas), most car insurance companies will honour your old no-claims discount when you take out new cover.
How long does proof of no claims last?
Your no-claims bonus will last for two years, after your car insurance has expired. So, if you don't drive for more than two years, you'll likely lose your no-claims bonus and have to start building it up again.
Do insurance companies check NCB?
Some insurance companies will contact your old insurer directly to ask for your no claims bonus proof, or they might check an insurance database to get it. If they do this, they'll tell you first.
Can I lie about my no claims bonus?
Not only is it illegal, it also means you're not earning your No Claims Discount, which can represent HUGE savings in the long run.
Do you keep no claims bonus if you stop driving?
That depends on your insurance provider and how long it's been since you last had cover. Many insurance providers will say a no-claims discount is invalid if there's a break in your car insurance of two years or more. But other providers may go to three years.
Is it worth protecting no claims bonus?
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. You would also normally lose your discount for being in an accident with an uninsured driver, if you had to make a claim on your own insurance.
Can I check my NCD online?
Can I check my no-claims discount online? You may be able to log into your insurance provider's website and view details of your insurance policy, including how many years of no-claims you have accumulated. If not, you should be able to contact your insurer directly and ask for details.
What happens to NCD after a 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.
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).
Can you have 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.
How do I get my NCB certificate?
If you are going through an insurance agent and buying the insurance policy online, then you would need to contact your previous insurer and request a transfer of your NCB. Submit all the documents that they require and they will issue you with an NCB certificate.
Can I transfer my NCB to my wife?
Yes, but this only applies to couples who are married or in a civil partnership it does not apply to co-habiting couples. It can only be switched once so cannot be switched back.
Can I transfer my no claims bonus to another insurer?
You can usually transfer a no claims bonus if you move to a new insurer or buy a new car. You're unlikely to stay with the same insurer for a long time, as switching insurers is usually the best way to save money on your car insurance, but you don't want to lose out on any discount you've built up when you do switch.
How do I transfer NCD from old car to new car?
- Get an insurance quotation for your new car.
- Inform your insurer that you would like to transfer the NCD from your old car to your new car. ...
- Your insurer will then transfer the NCD to your new car.
- Enjoy a lower insurance premium for your new car.
Can I insure 3 cars in my name?
Yes, you can have multiple named drivers as well as multiple cars on your policy – though check with your insurer to see how this would impact your cover or premiums.
Do insurers check claims?
Most car, home and travel-insurance providers submit information to CUE, which typically stores details of insurance claims for six years. Insurance providers use CUE to calculate the cost of your premium, based on your claims history, so always be accurate and honest about any past claims when you buy car insurance.
What happens if you get caught lying to insurance?
If you have been in caught lying to your insurer the consequences include increased premiums, denied claims, your policy being cancelled, being denied future insurance, and even criminal charges.
Can I use my no-claims bonus after 2 years?
That depends on your insurance provider and how long it's been since you last had cover. Many insurance providers will say a no-claims discount is invalid if there's a break in your car insurance of two years or more. But other providers may go to three years.
How long does NCD last without insurance?
Your no-claims bonus (usually) lasts for 2 years
If you haven't had your own car insurance for a little while (maybe you sold your car, stopped driving or moved overseas), most car insurance companies will honour your old no-claims discount when you take out new cover.
How do you retain NCB?
If you have bought a new motor insurance plan, you can transfer your accrued NCB to it. Even if you do not do this immediately, you can request the insurance company to provide you an NCB preserve letter. This is a certificate that entitles you to preserve the NCB, and it is valid for two years.