All You Need to Know About No Claim Bonus on Car Insurance

You will regularly hear people say that vehicle insurance is an unquestionable requirement just for bad drivers. That somebody who drives well and carefully gets nothing from their insurance. Yet, did you had any idea about that your insurance provider rewards you for driving great and not making any claims in a contract year? It’s called a No Claim Bonus (NCB). If you do not make any claims for a couple of years consecutively, you can accumulate up to 50% discount on premiums! Now isn’t that amazing? Below are a few other considerations you must know about NCB

You don’t lose your NCB when you purchase a brand new car

What’s fascinating to see is that NCB belongs to who owns the car, and not to the actual car itself. In this way, assuming if you’ve earned NCB discounts on your own existing car, and you choose to purchase another vehicle, you can move the advantages to the new vehicle.

Nonetheless, note that NCB isn’t moved to one person from another except if who owns the vehicle gives away and the vehicle is passed on to the heir.

Source-

https://www.carandbike.com/news/what-you-need-to-know-about-no-claim-bonus-in-vehicle-insurance-2780295

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