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No Claims Bonus
A no claims bonus or no claims discount is applied to the gross car insurance premium and is
based on the number of years a driver has held a policy in his/her own name without making a
claim on the insurance provider.
This feature is very valuable and depending on the number of claim free years and the car insurance
provider a discount on the basic gross premium of up to 70% is possible.
The downside is that if you make a claim you will have to pay the full premium cost on the next
renewal date. This is why some people do not claim on the policy for small amounts as having to
pay the policy excess and losing the no claims bonus may not be economically sensible.
Please note that a no claims bonus is not a no fault bonus and any claim (usually with the exception of windscreen damage) will be taken into account.
Protected No Claims Bonus
For the cost of a modest additional premium it is possible to insure yourself against loss of the bonus.
Most UK car insurance providers will offer a protected no claims bonus which works on the basis that
your bonus will not be affected should you make up to two claims in a three year period. Normal
qualifications include at least 4 years existing no claims history and all drivers must be aged 21 and
over and they themselves should have a no claims history.
Guaranteed No Claims Bonus
Some UK car insurance providers allow you to guarantee your no claims bonus which means no matter how
many times you claim you will not lose the no claims bonus. The cost of this is 15/20% of your car insurance premium
and other conditions may apply.
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