No Claims Bonus is a term used to depict the number of old age you have got had Car Insurance without making a claim. Put simply, if you have got got got had Car Insurance for 4 old age and you have not made a claim in that time, then you have 4 old age No Claims Bonus. No Claim Bonus is probably the single biggest factor affecting the cost of your Car Insurance premium. Every twelvemonth that travels by without you making a claim is another twelvemonth of No Claims Bonus.
Generally speaking, the more than No Claims Bonus old age you have, the cheaper your insurance premium will be for the car you need to insure. This is because Car Insurance companies can see that your history regarding making any claims is a good one.
When changing provider, Car Insurance companies will usually inquire you to turn out your No Claims Bonus in the word form of a reclamation notice or a missive from your current Car Insurance company. If you have got respective old age of No Claims Bonus but then do a claim, the Car Insurance company will usually apply it's governs of how much to strike hard back your No Claims Bonus Years. Some companies such as as Accept Direct ( http://www.acceptdirect.co.uk ) offer to protect your No Claims Bonus for an extra fee during the citation process. Having full no claims fillip can also entitle you up to 75% price reduction on your car insurance premium.
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