There is no denying the importance of car insurance. After all, it can mean the difference between being able to afford a car repair and being stuck with a costly bill, or even being unable to get your car repaired at all. There are many car insurance providers out there, and they all offer different plans and discounts. Some providers even offer a no claims discount.
If you’re looking to keep your no claims discount for your car insurance, or even build up your no claims discount, then you’ve come to the right place. In this article, we’ll give you some top tips on how to do just that. Keep reading to find out more.
What is a no claims discount?
A no claims discount (NCD) is a reduction in the amount of money that an insurance company charges for car insurance. The amount of the reduction depends on how long the driver has gone without making a claim. Generally, the longer a driver goes without making a claim, the bigger the discount.
Many insurance companies offer an NCD to drivers who have been with them for a certain period of time and have not made any claims. To keep your NCD, you must continue to be insured with that company and not make any claims. If you do make a claim, your NCD may be reduced or even removed altogether.
Some companies also offer discounts to drivers who use certain safety features in their cars, such as airbags and anti-theft devices.
How do you keep your no claims discount?
There are several ways that you can keep your no claims discount. First, drive safely and don’t make any claims on your policy. This may seem like common sense, but it’s important to remember that even small accidents can lead to increased premiums if you make a claim.
Next, get extra safety features installed on your car. Cars with safety features such as airbags or anti-theft devices are typically considered lower risk by insurers, so you may be able to get a reduced premium rate if you have these features installed.
Some insurers offer discounts to drivers who belong to driving clubs or have taken driver training courses. Driver training courses can help you learn the basics of driving and how to stay safe on the road, which insurers like to see.
Further, you need to shop around for the best deal. It’s always important to compare quotes from different insurers before buying car insurance, as rates can vary significantly between providers. You can use a comparison site like iSelect to find the best rates and providers that offer NCDs.
Remember to check your policy documents.
When you are looking for a new car insurance policy, always be sure to check the documents carefully. You may find that your no claims discount is not protected if you switch policies. Some insurers will allow you to keep your NCD when you switch policies, but others will not. If your NCD is not protected, you could lose it altogether. This means that if you have an accident within the first year of your new policy, your NCD will be voided, and you will have to start from scratch.
It is important to read the small print of any policy before signing up so that you know exactly what is and isn’t covered. If you are unsure about anything, ask the insurer before buying a policy.
In summary, it’s a good idea to find a car insurance provider that offers a no claims discount for safe drivers. By following the tips in this guide, you can find ways to keep your no claims discount for years and save money on your car insurance.