A discount allowed from a renewal premium in consideration of there having been no claim paid or payable in the previous year of insurance. The use of no-claim discounts is widespread in U.K. motor insurance. Most are granted on a scale that rises with the number of consecutive claim-free years. A no claims bonus is a discount that is applied at renewal of a policy to lessen the premium. A no claims bonus is awarded if there have been no claims made in a full year. For example: if you are a motorist and you have not had any accidents for 3 years then you will receive a no claims bonus of 3 years.
This is a percentage discount given to a driver on their original premium if they fail to make any claim during a set period (typically 10 or 12 months).
this refers to the discount the consumer has earned on a previous insurance policy. Discount is allocated according to the number of claim-free years that the driver has had. You will be asked about this when you take up a new UK car insurance policy and will need proof for your new insurer.
this is a reduction in a renewal premium awarded to policyholders with a claim-free record.
A no claims bonus rewards a policyholder by reducing the premium at the time of renewal. The scale of the reduction increases year by year and can go up to 65 percent of the original premium.
A no claims bonus (or NCB) is the discount that you have earned on a previous insurance policy.
The same as No claims discount Up to 65% can deducted from your motor insurance premium
Reduction in premium when no claims have been made over an agreed period.
As with car insurance your household insurers do now give you a discount if you have not made a claim in the previous insurance periods
Policy holders who have not made any claims on their insurance for a period of time will be offered a special discount.
A No Claims Bonus (NCB) is when the premiums are cut after a specified period when no claims have been made.
This is usually measured in years. It is how many years you have held car insurance without having an accident or making a claim. read more
In return for not making claims under your policy, the insurer may reward you with a discount from your premiums. For each year of no claim up to usually a maximum of three or four, the insurers will provide an additional discount.
A reduction in an insurance premium because the customer has a claim free record.
