A no claims bonus (NCB) is a great thing to have as it can mean a cheaper deal on your insurance. That’s fine for people who haven’t had to claim on their insurance, but what can you do if you are one of the many people who do not have a no claims bonus?
Thankfully, there are a number of things you can do to keep your insurance down with or without a no claims discount. Scroll down to see our suggestions.
A no claims bonus is built up each year that you drive and do not claim on your insurance. It is a way for insurance providers to reward their customers for not having to make a claim.
On the face of it, it seems reasonable to reward good, non-claiming, drivers by reducing their insurance costs, however I for one have experienced times when it is simply not fair.
In 2017 our car was parked outside of the house when during the day someone drove into it and disappeared without leaving any information. They caused just over £2000 worth of damage and we claimed on the insurance to fix it, therefore having to sacrifice the no claims bonus that we had just started collecting. I find it unbelievable that this siutation exists and you too may be in a similar situation where through no fault of your own you have had to lose your bonus.
However as I said above, not all is lost.
So there you have it, losing your no claims bonus will inevitably push your insurance cost up but there are a number of ways you can counter that increase by shopping smart for your car insurance.
Get an insurance quote without a no claims bonus by clicking here