No Claims Bonus Explained
All car owners who have valid car insurance can earn bonus if you have not made any claims for a number of years. This is known as No Claims Bonus. For example, if you have not used your car insurance for 3 years you can get 3 years No Claims Bonus. This is one of the largest factors influencing the premiums for car insurance.
Every year you pass without making any claims, you are entitled to your No Claims Bonus. The biggest advantage that you gain by adding on the number of number of No Claims Bonuses is that of cheaper premium rates. Car Insurance Companies see that you have a good record of not making any accident claims and therefore chances of a reduced premium increases.
If you change your car insurance provider, you have to produce your No Claims Bonus in your renewal notice or a letter from your present car insurance company. On the other hand, if you have a number of years of No Claims Bonus and then apply for a claim, the insurance company generally applies its policies on how many No Claims Bonus years it can take knock away. Companies like Accept Direct, provide you with an option of No Claims Bonus for an additional fee during the initial process. If you have a full no claim bonus, then you are eligible for a 75% reduction on your car insurance premium.
100% 
95% 
