If you haven’t had your own car insurance for a little while (maybe you sold your car, stopped driving or moved overseas), most car insurance companies will honour your old no-claims discount when you take out new cover. Unfortunately, this grace period only tends to last for two years.
How long can you keep your no claims bonus without driving?
Many insurance providers will say a no-claims discount is invalid if there’s a break in your car insurance of two years or more. But other providers may go to three years.
Do I lose my no claims if I stop driving?
There’s also an NCB expiry, which happens if you stop driving for more than 2 years. After that you’ll have to start again. Of course, if you’ve never driven you won’t have an NCB, so insurers see you as a higher risk, which means more expensive insurance.
Will I lose my no claims bonus if I don’t have a car?
How do I keep my no claims bonus without a car? If you currently don’t have a car, you should still be able to keep your existing no clams discount providing you buy another car and take out an insurance policy within two years – after that, your NCD will be invalid.
How long do Unused no claims last?
The expiry period for an unused no claims bonus is two years after you’ve cancelled your last policy. So if you have taken a break from driving but you don’t want to lose your NCB, you’ll have to take out a new policy within two years to carry on where you left off.
Can you protect 1 years no claims bonus?
Once you’ve built up a few years’ no claim bonus, you can “protect” it with an optional extra fee. This means your no claim bonus will be safe-guarded, even if you make an at-fault claim.
How long can you be without car insurance?
A lapse in auto insurance coverage means you have been uninsured for a certain period of time. This can typically range from one day to 60 days or more.
Is it worth paying to protect no claims discount?
If you have five years’ no claims discount, it will significantly cut the cost of your car insurance. You could lose all that for just one accident. … By protecting your no claims discount, you’ll be locking in that discount. You’ll continue to pay less on your premium even if you have an accident.
Can I Protect 2 years no claims?
You can pay to guarantee or protect your NCB. ‘Guaranteed’ means a claim won’t reduce your bonus but you won’t get extra discount that insurance period. ‘Protected’ allows two claims in three years before the bonus is reduced, and, again, you won’t get any discount in that period.
Can I add no claims bonus later?
You can usually transfer your no-claims bonus to another car. But if you switch insurers before the year is up, you won’t get the NCB for that year. Insurers should provide proof of your bonus at the end of your policy term. You can pass this on to your next provider when you switch.