Question: How Long Does No Claims Bonus Last Without Insurance?

How is NCB calculated?

Usually, third-party liability insurance premium accounts for up to 20% of the total premium amount.

So, the earned NCB percentage will be calculated on the total premium minus the third-party liability premium..

Do I lose my no claims bonus if I stop driving?

Your no-claims bonus (usually) lasts for 2 years If you haven’t had your own car insurance for a little while (maybe you sold your car, stopped driving or moved overseas), most car insurance companies will honour your old no-claims discount when you take out new cover.

Does your no claims bonus expire?

Can your No Claims Bonus expire? The expiry period for an unused no claims bonus is two years after you’ve cancelled your last policy. So if you have taken a break from driving but you don’t want to lose your NCB, you’ll have to take out a new policy within two years to carry on where you left off.

How many years of no claims do I have?

For every year you’re insured without making a claim, you’ll earn another year’s NCB. Some companies offer accelerated policies where you can earn a bonus in 10 months rather than 12. You can build up an unlimited number of NCB, but most insurers will only use a maximum of five years when working out a discount.

Do insurance companies ask for proof of no claims?

Do insurance companies ask for proof of no-claims? Yes. When switching insurance providers, most will request that you provide proof of your no-claims bonus when getting a quote.