Car Insurance Dictionary - CarInsurance1.co.uk

No Claims Bonus (NCB): For every year passed without a fault claim, the insurer gives you no claims bonus. This is a discount given by an insurer which reduces the premium amount. NCB encourages safe driving.
No-fault claim: A no-fault claim happens when the insurance company can recover the costs from somebody else.

Car Insurance >> Dictionary

Listed below are general car insurance-related terminologies and their meanings. Click on the alphabet to view the list of terms starting with that letter.

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No Claims Bonus (NCB) : For every year passed without a fault claim, the insurer gives you no claims bonus. This is a discount given by an insurer which reduces the premium amount. NCB encourages safe driving.

No-fault claim : A no-fault claim happens when the insurance company can recover the costs from somebody else.