Surprise instances where you can keep your no claims discount
You may be eligible for a no claims discount if you have been driving for more than one year, and are yet to make a claim on your insurance policy in regards to an accident or repair. However, it should be remembered that the amount the discount is worth will vary from insurer to insurer.
Protecting your no claims
Often, insurers offer their customers the option to protect their no claims discount. This means that if you do need to make a claim, in the instance that the accident was your fault, you can still claim on your car insurance whilst keeping your no claims discount intact. Earning your own no claims discount is advisable because it can lower insurances premiums by as much as 65%. A protected no claims bonus is one of the most financially rewarding benefits of owning and taking care of your vehicle.
Driving a company car
Even if you have been driving a company car with insurance paid for by your employer, simply informing your private car insurance provider of your no previous claims record could save you some money when it comes to sorting your private car insurance. If this is the case, the insurance provider will generally need to see some evidence and you will have had to be the sole driver of the vehicle. It’s also likely that you will need to have been insured for domestic, social and pleasure purposes, as opposed to using the vehicle as a company pool car.
If you’ve been living abroad, you can also transfer any no claims discount you have earned. However, this is often dependable on your insurance provider. As with company cars, your insurance provider will need written evidence of your insurance history as well as confirmation of your name, car and when your policy ended.
Is it possible for me to make a claim without losing my no claims discount?
It may surprise you to know that in certain instances, you are actually able to make a claim without it affecting your no claims discount. If you happen to be involved in an accident that wasn’t your fault, many insurance providers are able to cover the cost of repairs to your car from the liable driver’s insurance. This way, your no claims discount will not be affected.
Comprehensive car insurance also means that if you’re involved in a car accident with an uninsured driver and the accident wasn’t your fault, you’re able to retain your no claims discount.
You’ll also be able to keep your no claims discount should you need to make a claim for emergency medical treatment or breakdown, as well as damage to your windscreen. Additionally, you can also keep your no claims discount for motor legal expenses.
Transferring your no claims discount to a different insurance provider
If you change your car or your insurance provider, you can still keep your no claims discount. You’ll simply need proof of many years of discount you’ve built up, so that your new provider is able to apply the discount for you.