Car Insurance No Claims Bonus Explained
No premium is a term used to describe the number of years that you've had car insurance with no claim to. Simply put: If you have had Car Insurance for 4 years, and you do not have a claim at this time, then you have 4 years no premium. No claim bonus is probably the biggest factor in the cost of your car insurance premium. Every year that passes without the rights for another year without a premium.
GenerallyNo more bonus years you have, the cheaper your premium will be for the car you need to be sure. This is because auto insurance companies can see that your history is any damage well.
When changing provider, auto insurance companies usually ask for your premium in the form of a No renewal notice or a letter from your current auto insurance company to prove. If you are no premiums for several years, but thenmake a claim, the car insurance company in the rule are rules, how much to knock back your No bonus years. Some companies such as Accept Direct offer http://www.acceptdirect.co.uk protect your No premium for an additional fee in the proposal phase process. Having full no premium may also entitle you up to 75% discount on your car insurance premium.
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