No Claims Bonus

NCB stands for No Claims Bonus (this can also be known as NCD or No Claims Discount) - A no claims bonus (or NCB) is the discount that you have earned on a previous insurance policy for not making a claim. These discounts are determined by the number of years that you have not made a claim for.
 
There is a scale of discounts you earn with NCB. Although it varies from insurer to insurer, it typically looks like this;
 
Year     Discount
1          30-40%
2          40-50%
3          50-60%
4          60-65%
5+        65-75%
 
We use a panel of around 40 insurance schemes so when you get a quotation from ourselves we will be getting quotes from a range of companies with differing scales, however you will always be offered the cheapest premium that we can find.

Protected No Claims Bonus

If you have maximum no claims bonus, you can pay an additional premium to protect it. This means that your NCB is not stepped back in the event of a claim. This benefit is variable but only applies to your existing insurer, and is usually available only when maximum NCB has been accrued.
 
This means you should bear in mind that;

- Only your current insurer is obliged to protect your no claims bonus.
- There is normally a limit on how many claims you can make before your no claims
bonus is affected.
- Protecting your no claims bonus is not a guarantee that your premium will remain
the same. You are only protecting the discount you get. In fact following a fault claim
it is usual for your insurance to increase in premium even if you have a protected no
claims bonus. This is because the base rate on which your premium is calculated will
rise.

Zero No Claims Bonus

If you have zero no claims discount, you may wish to build this up to get cheaper and cheaper car insurance. The Student Motor Quote Company now has a 6 month policy which will give you a year's worth of discount after 1 year with us, then another year after the following 12 months. Get a quote