Car Insurance no claims

Your car insurance no claims is like a certificate of how much of a careful driver you are. The longer you have had your no claims bonus, the greater the time it has been since you've made a claim on your car insurance. The better your no claims, the higher your no claims bonus which means the cheaper your car insurance premiums will be. Read more about car insurance no claims below.

Car Insurance No Claims Bonus Explained

No Claims Bonus is a term used to describe the number of years you have had Car Insurance without making a claim. Put simply, if you have had Car Insurance for 4 years and you have not made a claim in that time, then you have 4 years No Claims Bonus. No Claim Bonus is probably the single biggest factor affecting the cost of your Car Insurance premium. Every year that goes by without you making a claim is another year of No Claims Bonus. Generally speaking, the more No Claims Bonus years you have, the cheaper your 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 ask you to prove your No Claims Bonus in the form of a renewal notice or a letter from your current Car Insurance company. If you have several years of No Claims Bonus but then make a claim, the Car Insurance company will usually apply it's rules of how much to knock back your No Claims Bonus Years. Some companies such as Accept Direct ( http://www.acceptdirect.co.uk ) offer to protect your No Claims Bonus for an extra fee during the quotation process. Having full no claims bonus can also entitle you up to 75% discount on your car insurance premium.

Copyright (c) 2004 Accept Direct Limited http://www.acceptdirect.co.uk

About The Author Andrew Bowen is the CEO of Accept Direct Limited. Accept Direct offer car insurance to UK customers through their website http://www.acceptdirect.co.uk

Wherever possible, you should be looking to protect your no claims bonus as this is the where the largest savings can be made when renewing your car insurance. If you're looking to change or swap from your existing car insurance provider to a new company, you will be asked to provide your new car insurance company with your no claims bonus certificate. Don't worry, your existing provider will send this to you on request, all you have to do is make sure your new provider receives a copy of it. It's always best to telephone them a few days after you send it to make sure it arrives safely, otherwise you may find they start to charge you a higher premium.