No Claims ExplainedLast modified:
No Claims Bonus – Useful FAQs
No claims bonuses are all well and good, but did you know they expire? Or that they apply to your vehicle, not to you? Here are the answers to some no claims frequently asked questions.
Although a NCB is a reflection of the driver, it applies to the vehicle. It can be transferred, or sometimes mirrored, but that is all. If you own a second car sometimes the best option can simply to build up another NCB from scratch on a second policy.
- You can transfer your NCB from one vehicle to another.
- Some insurers may allow you to mirror your NCB to another vehicle belonging to you and on the same multi car policy.
- You cannot ‘add’ your NCB to another vehicle.
Most insurers will not allow this since in theory named drivers could accrue NCB without actually ever driving. However, some insurers may allow this depending on circumstances, you would need to discuss it directly with them.
There isn’t a difference, they are the same thing.
- No Claims Bonus – NCB
- No Claims Discount – NCD
Your NCB will be affected.
Any claim on your policy, whether you were driving or not will impact on your NCB.
No claims bonuses expire after 2 years, so if you have not had your own insurance policy for 2 years or more, you will need to start accruing a NCB again from scratch.
The depends on the insurer. Many UK insurers increase your no claims discount every year until 5 years, which is then the greatest discount they will apply.
This depends on the insurer and how many years you’ve accrued NCB for. In many cases it is cut, for example, 5 years would be reduced to 3 years. 3 years would be reduced to 1 year. Anything less than 3 years would usually result in having to start again from zero.
Read more about applying no claims to two cars.