What is the maximum no claims bonus?
Asked by: Tito Douglas | Last update: August 5, 2023Score: 4.1/5 (25 votes)
In reality, most insurance providers cap the maximum no-claims discount at around five years. Some insurance companies do go beyond this - you might find an insurer willing to give you a discount on eight or nine years' worth of no-claims. And having those extra years could come in handy.
Is 9 years the maximum no claims bonus?
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.
What is the maximum no claims discount?
Each insurer's no-claims bonus scheme is different - from the size of discounts to the number of claims-free years it takes to achieve them. Maximum discounts range from around 40% to 80%, while the number of claims-free years you need before you're at the top of the scale ranges from around five to 15 years.
How many times can you use your no claims bonus?
You can only use your no claims discount on one vehicle at any one time. However, you will be able to start earning another no claim discount if you take out a policy on a second car.
Is it worth losing no claims bonus?
Is it worth protecting no claims? If you have a big discount you've built up, say 50% for example, you might want to consider paying for no claims protection. This is because if you make a claim, you could lose anything you've built up already. But if you've paid for the extra, it should be protected.
No-Claims Bonus - Things to look out for
What does 65% No Claim Bonus mean?
60%1 is the highest No Claim Bonus available when you get a new policy. 65% Claim Free Privilege1 is earned after you've had a 60% No Claim Bonus1 for one claim free period. 65% Claim Free Privilege Plus1 is earned after you've had 65% Claim Free Privilege1 for one claim free period.
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.
Can you build up NCD on two 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.
Can I mirror my no claims discount?
Car insurance: Mirror NCB
If you've earned NCB on one vehicle you may be able to mirror it on a second vehicle. Admiral can sometimes mirror NCB from the first car onto the second vehicle on a MultiCar policy.
Can you split no claims bonus between 2 cars?
Can I use my no-claims bonus on two policies? No – you can only use your no-claims discount on one car insurance policy at a time. But you can earn a no-claims bonus on two cars - it just means starting from scratch on one of the vehicles.
How many years is a maximum no claims discount?
While some car insurance providers offer no claims discounts for up to eight years of claims-free driving, the maximum discount is generally achieved within nine years, often less.
What is the maximum NCB on car insurance?
The maximum NCB applicable on car insurance is up to 50%. In the first consecutive year of no claims, your NCB starts at 20% and eventually goes up to 50% in case you've had no claims in five consecutive years. The maximum NCB applicable on car insurance is up to 50%.
Can you protect 1 years no claims bonus?
Protecting your no claim 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 insurance companies check NCB?
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.
Why can't I use no claims bonus on two cars?
In fact, your multi-car policy is actually individual policies for each of your vehicles, they're just all provided by the same insurer and renewed at the same time. Each vehicle is unique. This is why your no claims bonus wouldn't automatically apply to other vehicles under the policy.
Do named drivers get no claims?
Can named drivers build up their own NCD? No, unfortunately named drivers can't build up their own no claim discount (NCD). You can only earn NCD if you're the policyholder or the NCD holder on a multi car policy.
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.
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.
What is the cheapest way to insure two cars?
Multi-car insurance covers more than one vehicle under the same policy. It offers the same features as a single-car policy, but gives you a discount for the second vehicle. This makes it one of the cheaper ways to insure more than one car.
How does a 50/50 Claim affect no claims?
As each party takes equal blame for the accident, both are entitled to claim compensation for any damages and personal injury they may have suffered. How a 50/50 claim works is that when any damages are awarded to either party, you will only receive 50% of the amount awarded as you will be liable for the other 50%.
How do you lose your no claims bonus?
When you make a claim on your policy you'll usually lose some or all of your NCB if your insurer has to pay out – even if it's not your fault. How much of it you actually lose depends on how many years NCB you have, as well as the insurer. After an accident, there might be some situations where your NCB isn't affected.
Do I lose my no claims bonus for windscreen replacement?
No, your NCD is not affected for any windscreen claims.
Can 2 people insure the same car?
You and your partner can both take out separate policies for the same car. Car insurance policies are for both the vehicle and the driver, so it's perfectly fine, legal and common for two people to be insured on the same vehicle under separate policies. There are a few reasons why you might consider doing this.