Will I lose my no claims bonus if I sell my car?

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.

Is NCD transferable?

Generally, NCD is non-transferrable to another person. Your NCD can be transferred from one insurer to another and from one car to another. However in some cases, insurers may allow NCD to be transferred only to the policyholder's spouse (a one-time transfer that is non-reversible).

Can you split no claims bonus between 2 cars?

Your no claims bonus reflects that you have been a claim-free driver of that vehicle. However, since it is also a reflection of your driving, it is possible to transfer your NCB from one vehicle to another. You cannot 'add' a no claims bonus to a second car.

Can I transfer my no claims bonus to a named driver?

Yes, you can usually take your no claims bonus with you if you switch providers. To do so, you'll need proof of your existing NCD, usually in writing. Your new provider is likely to ask you to provide proof within a set number of days from request or purchase.

Do you lose no claims if you don't drive?

You can pay an additional premium to protect your NCB, enabling you to make a claim or claims in a stated period without losing your discount. But you can only protect a 'live' discount so you need to be driving and insured to have the option of protecting your NCB.

Will I lose my no claims bonus if it is not my fault?

Unfortunately if you make a claim on your own car insurance policy you will almost certainly lose your no-claims bonus even if the accident was not your fault. A 'no-claims' bonus is not generally viewed as 'no-blame' bonus.

Can I transfer my no claims discount 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 NCD to my son?

A: No, NCD is not transferrable to another person except to your spouse, provided your spouse is taking a new car insurance policy with Income. This is a one-time transfer and is non reversible. After the transfer, the NCD for your existing car insurance policy will become 0%.

Do you lose no claims if someone hits you?

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'.

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%.

Can I sell NCD before maturity?

NCDs cannot be withdrawn before maturity. Since NCDs are listed on the stock market they can be sold in the secondary market.

Can I get an insurance refund if I sell my car?

If you do come to the decision of selling your car within 14 days of insuring it, then thanks to the cooling-off period this means that you can cancel your policy and get a full refund of any premiums you have paid to date.

Can car insurance be transferred to new owner?

As per Section 157 of the Motor Vehicles Act, 1988, the person who sells the car is responsible for ensuring the transfer of the existing four-wheeler insurance policy to the new owner of the car. The transfer should be carried out within 14 days of the sale of the car.

Do you lose your no claims bonus if you don't drive for a year?

Your no claims bonus won't last forever and it will usually expire two years after you end a policy. So, if you don't drive for two years and you're not insured, your bonus will usually disappear and if you do buy a new policy you'll need to start your bonus up again from scratch.

How do I transfer NCB from old car to new car?

No, NCB does not get transferred to the new owner in case of resale. It can be retained by the old owner and get it transferred to the new policy if applicable. The new owner's NCB cycle will begin from zero while buying the policy and then increase depending upon the number of consecutive claim-free years.

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.

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 I use my no claims bonus after 2 years?

Since a no claims bonus is intended to give an indication of how careful your recent driving has been – if you let it lapse for too long, it will expire. Don't worry though – you've got 2 years before you lose any bonus you've built up – but after that, you'll start from zero again.

How do I use my no claims bonus when buying a new car?

Once the application has been sent, it takes about one to two working days for the insurance company to issue the NCB certificate, which can be used as proof of the existing NCB. On the basis of the certificate, the insurance company can apply the NCB as a discount on the insurance premium for the new car.

How do you carry forward no claims bonus?