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What is a No Claim Bonus (NCB) and how does it affect car insurance premiums?

April 26, 2017affect Bonus Car Insurance claim NCB premiums

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What is a No Claim Bonus (NCB) and how does it affect car insurance premiums?

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It is a discount on your car insurance premium. Your No Claim Bonus is calculated on your years of driving experience and your claims record. It means as you gain more years of claim free driving experience you should be rewarded from paying the full priced premium until it reaches the maximum discount (also known as Rating 1). This is because we believe you are less likely to make a claim than a less experienced driver.