No claim discount
What is a no claim discount?
We all like a little reward from time-to-time. Typically, for every year you don't make a claim on your car insurance policy, you can earn a discount, up to a maximum number of years. Some insurers offer as much as a nine year discount. This is usually referred to as a no claim discount (NCD) or a no claim bonus and could entitle you to a discount on your premium.
No claim discount protection
Policyholders who have built up a NCD may choose to protect it with no claim discount protection.
If you haven't made a claim in the last four years you can add no claim discount protection to your A&GFinanceLtd's car insurance policy as an optional extra. This means, for an additional cost, you can keep your NCD provided you make no more than:
- One fault claim in a period of cover; or
- Two fault claims in any three consecutive periods of cover.
Once earned, a NCD can be a useful way to help reduce your car insurance premium. So if you are reviewing your insurance it could be worth checking to see if you qualify.