Without it, your NCD will be reduced by 30% when you make a claim under your policy. (Ratings start at 6 and decrease for every consecutive year you don’t make a claim; the lower your rating, the bigger your discount. No junk mail. Search responds to frequently asked questions about no-claim discounts required Comprehensive Cars Insurance policies. In fact, we don’t have a rating scheme, no claim discount or no claim bonus at all. Make sure to submit your proof within the required timeframe. Comprehensive car insurance generally covers the following: Included. The No Claim Bonus/Discount (abbreviated as NCB/NCD) is a reward system where drivers (i. Through the Experience Rating programme, you could get a discount of up to 50% off your Work levy, or have up to 100% added to your work levy. driving while disqualified. 25%. This is your insurer's way of recognising and rewarding you for having been a careful driver. Grade 4 = 0%. The longer you’ve been with AAMI and not made a claim, the better. If you haven’t made a recent claim, you can get a no claims bonus, also known as a no claims discount (NCD), on your car. AAMI’s Comprehensive Car Insurance policy also includes cover for accidental damage to your vehicle, as well as after accident care. For example, if a policy normally costing £1,000 is eligible for a no-claims discount of 20%, it would cost £800. Here’s a basic explanation of how No Claim Bonus is calculated. If you have accumulated a 50% NCD (five years without a claim), some insurers may allow you to buy protection against the loss of the discount. This bonus is typically applied as a discount on your car insurance premium, resulting in cost savings for policyholders. Find fill to frequently asked inquiries about no-claim discounts for Comprehensive Car Insurance policies. 25%. So if your annual premium was £1,500 and you had a No Claims Bonus discount of 50%, you would be paying £750. failing to report an accident. What happens to my No Claims Discount if I make a claim on my policy? If you or a third party makes a claim. Look for 'no claims bonus' discounts. Find claims to frequently asked questions about no-claim retail for Comprehensive Car Insurance policies. No Claim Bonus is calculated on each eligible vehicle insured under your motor vehicle policy unless your claims history does not entitle you to a No Claim Bonus. Failure to report an incident leading to a claim on your policy within 24 hours of the incident or the next working day, may result in us reducing your NCD by an extra 10%. It allows you to claim one or more times per year without impacting your no-claims bonus. 5% of your premium every six months if you don’t have any at-fault claims. Make a Claim. Just follow these easy steps to do it online: 1: Head over to MyCarInfo. Availability. Though the worth of NCB varies from one insurance company to another, but the more number NCBs for years, the more the discount on the policy's premium. At Budget Direct, the NCD is capped at 5 years. We’ll try to answer your questions here, but please get i. Made on claim in March 2020 where it was deemed to be our fault - paid excess and got my car fixed. Unfortunately, there’s no easy answer here. It can see you paying much less than you would otherwise. We calculate Your No Claim Bonus rating based on: Updated: 08 Sep 2022. When you do file a claim, they lose money because they’re likely to have to send a payment your way to cover the damage for your car. New Car Insurance Discount for 2023. our Best Home Insurance Companies of 2023 rating, while State. Just last week received my renewal notice and insurance on both cars went up. 5 out of 5 stars. The "No-Claims Discount System" (in the UK, Australia*, etc. Essentially, the longer you go without making a repair claim on your insurance policy, the bigger your No Claims Bonus gets, and the more money gets knocked off your annual insurance policy. Existing Claims Discuss an ongoing claim: Webchat 0333 043 2022 claims@1stcentral. Nationwide: Best perks for loyal customers. We compare reviews from 30 motoring websites to bring you a definitive rating for every new car. Car insurance prices in most states reflect these differences. This discount can be anywhere up to 60% in the first year. But other providers may go to three years. Canstar & Money Magazine's . There is no way for other people to build up a no claims history on someone else's policy — the no claims period relates to the policyholder alone. When you do not make any claim on your insurance policy, your NCD rate will increase, thereby lowering your car insurance premium. Many insurance providers will say a no-claims discount is invalid if there's a break in your car insurance of two years or more. Save 15% ^ on your first year’s premium when you purchase a new policy online. Find responses to regularly asked questions about no-claim discounts for Comprehensive Car Insurance policies. Whereas for motorcycles and. If you make a single claim or one arises against you during any period of insurance, we will reduce your No Claims Discount in the following intervals: - A 50% discount is reduced to 20%, - A 40% discount is reduced to 10%, - A 30% or less discount is reduced to 0%. No Claims Discount (NCD) is the UK system for rewarding safe drivers. 25%. Protected No Claims Discount. For example, your insurer could offer a 30% discount for your first year of claim free driving, and then 10% for each additional year after that. Get your NCD questions resolved with Budget Direct. When you take out a new car insurance policy, you will always be asked if you have any claim-free years. Essentially it's a discount for not making a claim. For example, 'Rating 1' drivers haven't made a claim for the last five years (this is usually the maximum number). Make. The discount will also vary from insurer to insurer and often between different insurance products too. This is a one-time transfer and is non reversible. 88. A no-claims bonus, or no-claims discount, increases for every year that you have car insurance but don’t make a claim. Each year that you go without making a claim, the discount increases. Years of NCB. Safeco offers several auto insurance discounts:. Claim-free years and no-claims bonus. 2. A no claim bonus (also called a no claims discount, safe driver reward, no claim bonus rating scheme, or rating level) typically gives you a discount on your car insurance. A no claims discount (also known as a safe driver reward, no claim bonus rating scheme or no claim bonus rating level) is a reward offered by some insurance providers to safe drivers. Find answers into frequently asked faqs about no-claim discounts for. When you renew your insurance and you want to move to a new motor insurance provider, the NCD database enables the new insurer to verify your no claims discount directly from the database. Read more about NCD:A no claims bonus (NCB) is a great way to save money on your car insurance. Not only is it illegal, it also means you're not earning your No Claims Discount, which can represent HUGE savings in the long run. Once you've held Diamond for a year, you get the maximum 15% credit and 25% off AAMI Roadside Assist… and, even if you need to make a claim, your Diamond status won't change - known as Safe Driver Rewards Protection - but you won't get the. 5. We award American Income Life Insurance Company a final rating of 2. It’s a system that rewards drivers based on the number of years they’ve been driving without making a claim. In the first consecutive year of no claims, your NCB starts at 20% and eventually goes up to 50%. The Accident-Free Discount is different from a No Claim Car Insurance Bonus because it applies strictly to accidents and not claims. 30% and under. 0. My car insurance has increased by over 10% this year but I had no claims last year and cost you nothing, how can you justify charging me more? What changes do I need to tell you about before the next renewal date?A No Claim Discount reduces your Comprehensive Car Insurance premium, and is based on your driving experience and claims record. This can be your renewal invitation or a letter from your previous insurer and should: Be on official company headed paper. The no-claim bonus acts as recognition from insurance providers for being a low-risk driver. Definition: No-claim bonus (NCB) is a discount in premium offered by insurance companies if a vehicle owner has not made a single claim during the term of the motor insurance policy. failing to stop at the scene of an accident. A No Claim Discount/Rating 1 for Life applies to some policies. This includes not making a claim to cover the cost of your car if it is stolen. This discount is not available in Oklahoma. Several no-claims classes can be assigned the same discount. You will need to send us proof of your no claims bonus or named driving experience for your insurance certificate and disc to be posted to you. AAA membership starts as low as $50 per year and increases depending on your location and selected services. You have to pay for it, and the cost and number of times you can claim varies significantly across providers. 30% and under. You can accumulate up to 20 years of No Claims Discount (pro). To get a no claim bonus, you usually need to have comprehensive car insurance. This discount is based on how many years you have held a car insurance policy without making a claim. Direct Line is promising to protect its customers' no-claims discount if their car is damaged by something that wasn't their fault such as a pothole - but don't assume you won't pay more in the long run. Allstate Insurance Review. 31 $755. If your car insurance is up for renewal, take a look at your renewal letter as your discount should be outlined there. NCD is short for "No Claims Discount". When you reach this ceiling, we’ll give you a maximum no-claim discount, also known as a Rating 1. A no-claims discount is a percentage off the full price of a car insurance policy. 4 Star. If you do make a claim, your discount will normally be less at the next renewal if your insurance company cannot get their money. Car accident and collision damage. When you drive without making a claim, you are proving to your insurance. It’s a reward system where your insurance will typically give you a discount on your policy for every claim-free year. However, DirectAsia is now offering a NCD60 coverage – a first in Singapore. Certain insurer allows NCD protector with 30% NCD. As per the UAE Insurance Authority, an insured that has not made any claim for 1 to 3 years is allowed for a discount between 10% and 20 % while renewing their car insurance in Dubai. Ashish Singh Puna. So if, for example, you had a no-claims bonus of 30%, you'd pay £700 where you would otherwise have paid £1,000. 4/5 stars in 2023, Allstate is a very reliable insurance company. Does Bingle use the Rating system? Support. 25%. You accrue your NCB each year you don. 2 The discount usually increases each year you don’t claim until it. It can see you paying much less than you would otherwise. co. Some insurance providers cap it at five years, others at nine. NCD60 provide drivers who have held. After you key in the details, you’ll be able to check the information below: i. Explore. As a motorist, your no claims discount makes a massive difference to the cost of your insurance premium. The discount increases each year if you don’t claim, up to a maximum number of. The amount of discount varies between providers but for one year you could expect around a 25% discount. With AXA, you can accrue up to 20 years of no claims, which can save you a. A No Claims Discount, also known as a No Claims Bonus, is a reward given to policyholders who have not made a claim on their car insurance within a certain. If it’s a no-fault claim, your discount will not be affected. If you decide to change insurance provider, you’ll want to get the best deal and that means being able to prove your no claims discount (NCD), otherwise known as a no claims bonus (NCB). It’s a way for insurers to acknowledge. A no claim discount or a no claims bonus can go a long way in helping cut the cost of your insurance. Not at fault - Yes. Claims-free cash back. No Claims Bonus Protection does not stop your insurer from increasing the base premium, contrary to popular belief. Insurance rates also vary greatly person to person. Important. A no claim bonus (also called a no claims discount, safe driver reward, no claim bonus rating scheme, or rating level) typically gives you a discount on your car insurance. After the transfer, the NCD for your existing car insurance policy will become 0%. However, there is usually a limit on the number of claims a driver can make over a period of time while still retaining the discount. Locate answers to common asked questions about no-claim discounts for Vast Car Insurance policies. Watch on. No Claim Discount (commonly abbreviated to NCD) is a type of motor insurance discount given to you: for not making any insurance claim (being a safe driver) in the past 12 months AND. Comprehensive Car Insurance. 75% to 55%. Protects fairness in the system by charging premiums proportional to expected future costs. Auto-Owners’ average premium for home insurance is $1,049 per year for $250,000 in dwelling coverage, which is $379 lower than the national average of $1,428. If you fail to report an incident leading to a claim on your policy within 24 hours of the incident or the next working day, we will reduce your NCD by an extra 10%. The longer you keep up an impeccable driving record, the higher the discount you can get—although with most insurance companies, this maxes out at 50 percent. • No Claim Discount (NCD), • discounts we offer, and • excesses that apply to your policy. Find answers on frequently asked questions about no-claim discounts for Comprehensive Car Property policies. This section shows the no claims discount allowed. Referring to your insurance certificate; many specify your no claims discount rating. It reduces the premium you have to pay for the following year. As the name suggests, drivers who make no claims are eligible for a discount on their yearly. Every insurer has a name for this: no claims discount (NCD), safe driver bonus, the list goes on. Allstate offers a wide variety of discounts that can substantially lower the price for home insurance premiums. Get owner NCD questions solved for Budget Direct. Progressive: Best. Last year our auto insurance rates increased by 26%, no accidents. Every year you earn a No Claims Bonus you will receive a discount off your annual insurance premium. A no-claim bonus, also known as a no-claim discount (NCD), is a significant feature of car insurance policies in Australia. It’s pretty simple. Let’s say you have been driving for five years without making any claims. This is a way for insurance companies to encourage safe driving and reward responsible behavior on the road. We will also verify your NCD with your previous/existing insurer and refund on the difference in premium if you are entitled to any NCD. The Cost of Insurance The price we quote for insurance is at our sole and unrestricted discretion. Rating 1 protection is usually a paid option that allows you to make 1 at fault claim without losing your rating 1. A no claims bonus is the number of claim-free years that you have held an insurance policy in your own name, while a no claims discount is the reduction you. Step-back No Claims Discount is an optional extra, which allows you to keep part of your no claims discount in the event of a single claim. On the other hand, if you make a non-recoverable claim, you are likely to move back up the grades, where your discounts reduce. After 5th years. Registered Office: A&B Mills, Dean Clough, Halifax, HX3 5AX. A No Claim Discount, sometimes referred to as the No Claim Bonus (NCB) in other countries, is a discount given by insurers when their policyholders do not make any claims. No Claim Discount (commonly abbreviated to NCD) is a type of motor insurance discount given to you: for not making any insurance claim (being a safe driver) in the past 12 months AND. Find answers to regularly asked questions about no-claim special for Extensive Car Insurance policies. You’ll need the name and date of birth of the named driver, as well as other details. Based on 8 Ratings. While the amount your no claims bonus is worth will vary across different insurers, a no-claims history of five years or more will likely net you a significant discount. There is an immediate benefit in terms of discount in the rate charged. If you make no claims on your car insurance, you receive a no claims bonus in the form of reduced premiums. Every year you earn a No Claims Bonus you will receive a discount off your annual insurance premium. No Claim Discount plays a big role in determining how much you have to. It is worth looking up how your no claims discount would be downgraded; the difference in price between 6 years and 4 years is very small, whereas the difference between 4 years and 2 years is much larger. The No Claim Bonus is a discount that's applied to your premium to reward you for having a good claims history. 55%. The NCB will be 45% and 50% if the claim is not filed for four and five years, respectively. A no claim bonus (also called a no claims discount, safe driver reward, no claim bonus rating scheme, or rating level) typically gives you a discount on your car insurance. The No Claim Bonus is a great way to progressively reduce your premium. To build our ratings, we. What is no claims bonus 60%? A no claim bonus (also called a no claims discount, safe driver reward, no claim bonus rating scheme, or rating level) typically gives you a discount on your car insurance. . Insurers like to reward drivers who don’t claim on their insurance as they are thought to be safer drivers. You may want to check with your previous or existing insurer on the NCD. After 5th years. NCB vehicle insurance is one of the most popular no-claim bonus types, and you. The lower. 2: Enter your vehicle plate number and NRIC. No Claims Bonuses: Now you know! In summary, a No Claims Bonus is a reward feature that recognises safe driving – it gives you a discount on your insurance. It can be achieved by sustaining a claim-free record. A no claims discount, or no claim bonus, is a cost reduction applied to your car insurance premium when you haven’t made any claims. The amount of discount is calculated by reference to the number of years that you have driven a vehicle without making a claim on your car insurance. A No Claims Bonus for auto insurance offers you a discount off of your physical damage premium for not presenting any claims. 8/5 ( 36 votes ) Definition: No-claim bonus (NCB) is a discount in premium offered by insurance companies if a vehicle owner has not made a single claim during the term of the motor insurance policy. Even if you have an at-fault accident and need to make a claim you can still retain a no-claim discount* if you already hold a protected no-claim bonus*. The more years you’ve driven in a row without making a claim, the bigger your discount. 25%. The amount of your insurance premium payable or saving is dependent on your NCD entitlement. A no claims bonus, otherwise known as a no claims discount, is a discount program offered by some insurers who provide comprehensive car insurance to reward safe. With each year of no claims bonus you earn, you gain an additional discount usually up to 9 years. You can learn more about Amica at amica. The level of your discount is stated on your Certificate of Insurance. What this means is that if you make a claim as a result of an accident where you were at fault, your no-claim bonus will basically renew itself so you. Just follow these easy steps to do it online: 1: Head over to MyCarInfo. For new customers NCB is based on years of driving experience. So if your annual premium is €700, once your no. Getting a No Claim Bonus. Normally, NCD starts from NCD 0% with the maximum at NCD 50% after five years of no claim history. Bear in mind that this totally depends on the insurer and can be much lower or much higher. This is your insurer's way of recognising and rewarding you for having been a careful driver. Optional extras. 2 Cars can actually save you $1000's of dollars and you may not even realize it. With AXA you can earn up to 20 years' No Claims Discount, so protecting it is the easy way to keep all your years safe. This means, no matter which car you have- as long as you have been renewing your car policies before its expiry date, you can continue to benefit from a NO Claim Bonus for your car insurance. Usually, your no-claims bonus stays valid without a car for around 2 years. The Competition and Markets Authority (CMA) PNCD Information Order. How a No Claims Bonus Works. The terms for no-claims bonus vary from one insurance provider to the next so it’s important to shop around and read the small print to know exactly what’s included in your policy. The Concept of No Claim Bonus in Health Insurance. Most car insurers provide discounts to student drivers who maintain good grades. Every insurance company has a different approach to the discounts they offer, how long it takes to earn those discounts, or what happens to a driver's accumulated discount if they make a claim. So if your annual premium was £1,500 and you had a No Claims Bonus discount of 50%, you would be paying £750. The more years No Claims Bonus earned will result in a higher discount off your premium, subject to our maximum. Discover replies to frequently asked questions about no-claim discounts for. Most insurers cap your No Claims Discount at nine years. When you reach this ceiling, we’ll give you a maximum no-claim discount, also known as a Rating 1. It is calculated according to how many years you’ve been driving without making an insurance claim. It had cost Rs. The carrier has several decades worth of experience in the insurance industry, along with high ratings by AM Best and the BBB. The more years No Claims Bonus earned will result in a higher discount off your premium, subject to our maximum. No Claim Discount plays a big role in determining how much. If you take out a second car policy, you’ll be able to earn another no claim discount. NCD is an abbreviation for ‘No Claims Discount ’ or NCB means ‘No Claims Bonus’. The more consecutive years you remain claims-free, the bigger your discount. co. Claim-free discount: Remaining claim-free for three or more years can make you eligible for a discount with Farmers. Here's how customers rated Admiral in various areas of service:No Claim Bonus (NCB) is a discount given by insurance companies to policyholders in India who do not make any claims during the policy period. A no-claims bonus for car insurance is a reward for driving safely and not filing a claim for a certain amount of time – typically a year. Definition: No-claim bonus (NCB) is a discount in premium offered by insurance companies if a vehicle owner has not made a single claim during the term of the motor insurance policy. Claims Handling Staff. Legal liability for damage or loss to a third party. Get thine NCD questions solved from Home Direct. A No Claim Discount (NCD) is a discount on your car insurance premium if you haven't made any claims on your policy during the current period of insurance. fatberry. The amount of the discount varies depending on the insurer, but a 'maximum' rating (which usually means no at fault claims for five years) can save you. If you make two or more claims in the previous insurance year, we will reduce your no claims discount to 0% . Typically, you earn one year of NCD for every year you don't make a claim on your car insurance. For example, the average annual cost of homeowners insurance in New Hampshire is $813. No Claims Bonus Protection does not stop your insurer from increasing the base premium, contrary to popular belief. pl/RcFqaB posted 2011-Mar-3, 7:20 pm AEST Have you been insured before? Get proof of your no-claims bonus when switching provider and get a discount on car insurance premiums. Claims-free discount: If you’ve been claims-free on your home policy for at least five years, USAA extends a 10%. 5-star Defaqto rating on RAC Car Insurance Plus; Voted Car Insurance Provider of the Year 2022 by Moneyfacts. Confirm the number of years the NCD was built up over. Gap insurance and new car replacement coverage are available. The table above states the NCD rate in Malaysia, and the amount differs depending on the type of vehicle you’re using. No Claim Bonus in car insurance is a discount on the payable premium. We will accept a letter from your insurer or schedule, The criteria is as follows: It must be for an active policy on a different vehicle to the one being insured with us. For example, five years without a claim would be five. A no claims discount (also known as a safe driver reward, no claim bonus rating scheme or no claim bonus rating level) is a reward offered by some insurance. With 4. Visit MyCarInfo. for not having any insurance claim by third party made against your car insurance policy. This can result in significant savings over time. But the biggest percentage discount is only worth having if the underlying price is right. Your no claim bonus is a discount applied to your comprehensive car or caravan/trailer premium as a reward for your safe driving. As the table below shows, a 40% discount on a £500 premium will see you paying more than a 30% discount on a £400 premium. No spam calls. The way that the no claims discount protection works is that for each year you don't make a claim, your no claim discount will increase, with the maximum. Viewing your car insurer’s latest renewal offer. Find the best auto insurance companies with our expert evaluation of rates, coverage features, complaints, collision claims grades, and website usability. This discount can be as high as 50% and accumulates each year, making your policy much cheaper in the long run. The latter starts at 10% and gradually reaches a maximum of 30%. 1” was aggregated from the company’s performance across. A no-claims bonus is exactly what it sounds like: a discount you receive for not having filed a claim. No Claim Bonus (NCB) is a discount on premium of the Own Damage (OD) portion of your vehicle when you renew your policy, provided you have not made any claim during the last policy period of one year. com or by calling 1-800-242-6422. No-claim bonus is a discount or benefit that insurers give policyholders on policy premiums at the time of policy renewal. But home insurance is a different matter. Received a high grade from collision. Find answers to frequently inquired questions about no-claim discount for Comprehensive Car Insurance policies. 57, according to Comparethemarket. Based on our sample policy, which is for a townhome in Naperville, Illinois, that has. If you are eligible for a No Claim Bonus this will also be applied to your policy 1. For more information please see your Product Disclosure Statement (PDS) and our Premium, Excess and Discount. A no claims discount, or no claim bonus, is a cost reduction applied to your car insurance premium when you haven’t made any claims. 10%. Your NCD is protected so your discount remains at 65%. 2/5 (17 votes) . Claim-free years are the years you have gone without claiming on your previous car insurance. A higher NCB means a. 613259). car insurance. After completing one full year in which you did not make any claim, you will get a certain discount upon policy renewal which will get stacked in the following years. On each renewal, your discount will increase providing you haven’t made any claims that affect your NCB. Find response to repeatedly asked questions about no-claim discounts forward Comprehensive Car Insurance policies. A No Claim Discount (NCD) is a discount on your car insurance premium if you haven't made any claims on your policy during the current period of insurance. 50% Disability Rating 60% Disability Rating; Veteran (No Dependents) $524. Once you have a Rating 1 for life, we won’t reduce your no claim discount if you make an at fault claim. You’ll get a check for 2. Building a no claims discount is one of the best ways to save on your car insurance, but you can also try these ten ways to cut your costs. Your no claims bonus can help you make a significant saving on the cost of your car insurance policy. Score: 5/5 ( 29 votes ) You can find out how many years of no-claims bonus you've accumulated on your car insurance renewal paperwork, on your cancellation letter, or a letter from your provider confirming your no-claims discount. A No Claims Bonus (NCB) - often referred to as a No Claims Discount - is a discount which can be applied to the cost of your car insurance. No claim Rating 3 Rating 2 N/A One at fault collision claim Rating 1 Rating 3 Rating 1The company is No. ZIP code. In the event of an accident, if you are found totally not at fault, then your NCD might not be affected, otherwise it will be reduced. Experience Rating. No, NCD is not transferrable to another person except to your spouse, provided your spouse is taking a new car insurance policy with Income. 3. The NCB discount is offered on the premium amount during renewal. Typically, you earn one year of no claim discount for each claim-free year of driving. Receive thy NCD related solved include Budget Direct. Key in your vehicle plate number and NRIC. The No Claim Discount rate is fixed by Persatuan Insurans Am Malaysia (PIAM) Motor Tariff that increases yearly up to 55% after five years as long as no claims are made. EMR, or experience modification rating is a calculation used by insurance firms to price the cost of workers’ compensation premiums. You move up one discount level after each claim free period, until you reach our maximum 25% No Claim Bonus 1. No claims discount protection typically means a policyholder can make a claim on their car insurance, if they need to, without losing their no claims discount altogether. It is one of the many optional add on’s we provide for your car or van policy. A no-claims discount is a percentage off the full price of a car insurance policy. A no-claims bonus, or NCB, is an easy way to get discounted car insurance. We do not offer direct consumer advice or services but we want to help you find what you're looking for in our contact directory. Use our Driver Safety Rating Calculator to see exactly how major offences affect your premium. It allows you to claim one or more times per year without impacting your no-claims bonus. This may differ from your claims free years because the discount allowed on the scale may be higher. The discount may be higher if your no claims discount was protected or if the incident had no impact on your no claims discount. Do you have a maximum no claim discount? Each year you hold car insurance and don't make a claim, your no claims discount rating goes up, making your car insurance premiums cheaper. No-claims discount averages around 29% if you stay with the same insurer but could be up to 74% if you shop around. No Claim Bonus Calculator: If you are wondering how NCB in Car insurance is calculated, the following paragraphs will give you the answer. Access to the database can be at point of quote, point of sale or post sale, for the purposes of data enrichment or data validation. This depends on: How long it's been since you last had a car insurance policy. no-claims bonus meaning: 1. Find answers till frequently inquired questions nearly no-claim discounts for Comprehensive Car Insurance policies. Every insurance company has a different. Discount in. Rating one protection can be offered s soon as you have a rating 1. If. This should. Get your NCD questions solved with Budget Immediate. By paying a small amount of extra premium, you can make one claim during the year, and still have the discount fully protected. A discount scale is.