Car Insurance No Claims Bonus

The importance of maintaining a no claims bonus cannot be underestimated in the current financial climate. At a time when the saying “look after the pennies and the pounds will look after themselves” has never been more prevalent, drivers of all sexes and ages can make significant savings on their car insurance no claims bonus.

Naturally car insurance providers look for drivers that provide the lowest risk. Therefore drivers with a bonus of a number of years without an insurance claim move to the top of the list. Car insurance providers are privy to a large selection of statistics that allow brokers to make informed decisions about the size of the premium an individual should pay.

A no claims bonus is rather more straightforward than statistics. If you have driven for a long time without an insurance claim you are deemed more trustworthy and reliable. In some cases it may be in your best interests not to claim on your insurance after a minor accident to protect your no claims bonus. Paying to repair a small problem at a garage can be small fry compared to the saving you make as another year ticks by on your bonus.

Alternatively, the latest innovations from car insurance providers allow consumers to ‘insure’ their no claims bonus. No claims bonus protection is often included in comprehensive car insurance policies but be aware of the small print when making car insurance comparisons.