How do you trace your no claims bonus?

sjhynes

ask your last insurer

gillian l

ask your last insurance company for proof but be prepared to pay a fee for this you should get a notice every year when your insurance is up for renewal

hakuna matata

Your last renewal form from the people you were insured with should show this. If not contact your insurance company and they will tell you how much no claims you are on.

ianmarkwebber

Ask your last insurer, they will send you confirmation that you have No Claims Bonus by post. It's quite normal for them to do that. All you do then is forward it on to your new insurer.

oklatom

Wait until renewal time. Watch the mail box. When the new bill comes, open it. Scan it until you see a section that says "no claims bonus" and read it. Now you know. Write it down somewhere so you don't forget.

Chris

Call the insurance company and ask.

Just passing the time!

ask for letter comfirming it from your last insurer!

Happy Days

Your no claims will work on a fairly simple basis and will usually transfer from one company to another - as long as you tell them about it and your previous insurer confirms it.

Basically for every year you don't claim, you ahve 1 years NCD (unless you have accelerated NCD). If you have a claim where the FULL amount is reciovered because it was someone elses fault then this will not affect your NCD.

If you ahve a claim where your insurance company had to pay out and could not recover the full amount then this will affect your NCD. Most companies will work on a 'step back' policy. This means the following (for unprotected NCD)

lets say i have 5 years NCD and each step back is 2 years.

1 claim in the period of insurance = 3 years NCD at renewal
2 claims in the period of insurance = 1 year NCD at renewal
3 claims in the period of insurance = no NCD at renewal.

It is likely that the company will then allow you to start building up your no claims again after that. However, if you have multiple claims then you may find additional excesses, increased premiums and even refusal to insure becomes an issue.

You can also protect your no claims, which usually gives you one 'free' accident before the step back kicks in. More Than also offers max no claims for life if you meet their criteria (which is quite strict). They're not the cheapest but max no claims for life is worth thinking about.

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