How To Get a No-Claim Bonus (NCB) Auto Insurance Discount A No Claims Bonus for auto insurance can save you up to 60% on rates after five years. This bonus is reduced when you make a claim. 9%. 5% 10% 5% 0% How does No Claim Bonus work? No Claim Bonus is calculated on each policy, unless your claims history does not entitle you to a No Claim Bonus. No Claims Bonus Protection does not stop your insurer from increasing the base premium, contrary to popular belief. We do not touch your your rating and you are getting the best discount right now as you can on your rating. Our full-featured cover and reliable service rewards you for your careful driving with a No Claims Discount of up to 75%. The NCB is a discount ranging between 20%-50% and is given to the insured while renewing a policy. Bonus usually is a discount in the premium which is given on the renewal of the policy if no claim is made in the previous year. With a 5 Star Rating from Defaqto, our comprehensive car insurance provides excellent benefits such as the uninsured driver promise and new for old cover. The taxi benefit includes up to $250 worth of cover per claim. Car hire, plus taxi benefit following an accident. Online discount: $50. Include the day/time and place your e-signature. The following year, your annual premium may rise to £1,100 owing to normal cost. Here's how Tesco Bank scored in our latest car insurance survey: 67% Policy Score on its standard policy - 10th out of the 34 providers we reviewed. As a motorist, your no claims discount makes a massive difference to the cost of your insurance premium. The maximum no-claims discount available on your Commonwealth Bank Car Insurance policy is 70%. No claims discount: A 20%. Multi policy discount: Discount on Home and Contents Insurance if held. The more consecutive years you’re insured and remain claim-free, the bigger your discount. Best and the BBB. Find answers to regularly asked questions about no-claim special for Extensive Car Insurance policies. A no-claims discount is a percentage off the full price of a car insurance policy. A good no-claims bonus is well worth having. Look out for an email or letter confirming that your new insurer has received the proof and will apply your no claims discount. Read our handy guide on all things NCB, covering commonly asked questions about the discount. Each year the discount on your renewal premium increases, reaching a maximum discount after 14. A No Claim Bonus 1 is a discount that can be earned on eligible comprehensive policies in recognition of a claims-free record. $500: Undeclared young driver excess . 30% and under. The app has a 4. Most insurers cap your No Claims Discount at nine years. 03 on. A no claims bonus (NCB), or more correctly a no claims discount, is awarded if you don't claim in the latest policy year. 5. In simple words, as a policyholder,. Each year atA No Claim Discount reduces your Comprehensive Car Insurance premium, and is based on your driving experience and claims record. So if, for example, you had a no-claims bonus of 30%, you'd pay £700 where you would otherwise have paid £1,000. Up to £1000. The No Claim Discount (NCD) or Rating is a reward system for good driving and claims history which applies to Comprehensive Cover only. Insurance issued by AAI Limited ABN 48 005 297 807 trading as AAMI. A really big indicator of how likely you are to make a claim in the future is how many claims you've made in the past. Insurers categorise health insurance no claims bonus into two types. On each renewal, your discount will increase providing you haven’t made any claims that affect your NCB. With three consecutive years without a claim, the no claim bonus percentage will be 35%. A ‘No Claim Bonus’ 1 is a discount that can be earned on eligible comprehensive policies in recognition of a claims-free record. Higher cancellation fees (con) Calls to customer service, claims, renewals, etc. You’ll get the most out of your savings on your car insurance when you reach the maximum number of consecutive claims-free years applicable to your. Similar to a no claims discount, this program rewards you for driving safely and not making any claims. Get your NCD questions solved with Economical Direct. The Accident-Free Discount is different from a No Claim Car Insurance Bonus because it applies strictly to accidents and not claims. These are some of the factors we take into account: Financial strength. At Budget Direct, the NCD is capped at 5 years. CAR INSURANCE PREMIUM, EXCESS AND DISCOUNT GUIDE. NCD, or no claim bonus as it’s commonly known, is a discount which a driver accrues for every calendar year they remain claim free, usually reaching a maximum level of. No. 5 Things to Know About Sheilas’ Wheels. After you have completed your first claim free year, you will get 20% NCB. This discount can be anywhere up to 60% in the first year. Fincrew provide the fastest way for Malaysian drivers to check their no. The amount of your insurance premium payable or saving is dependent on your NCD entitlement. Although discount rates will differ between providers, according to the Association of British Insurers , one claim-free year could slash as much as 30% of your. Of course, for some providers, your. No Claim Bonus or NCB is a reward given by an insurance company to an insured for not raising any claim requests during a policy year. and the insurer offers a 10% discount on premium as No Claim Bonus for every claim-free year. 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. 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. If your car can't be driven after an accident and a hotel stay is necessary, we'll pay up to £150 towards the expense (or £250 in total if there are other passengers with you). Some insurers may also offer no-claims discounts for periods. (Ratings start at 6 and decrease for every consecutive year you don’t make a claim; the lower your rating, the bigger your discount. 2022 J. How can I keep my Rating 1? Once you’ve not claimed for 5 years and achieved a Rating 1, you can then retain this discount by getting NCD Protection. Authorised insurers can also access records of your no-claims bonus online, by using the Motor Insurance Bureau’s no-claims discount database. Which providers offer a no claims discount (NCD)? Pros and cons of a no claim discount (NCD) Is it worth paying to protect a no claim bonus? How to find out. The potential discount for a No Claims Bonus of one year can vary between insurance providers. 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. No Claim Discount is a discount that we offer you on your renewal premium if there are no claims on your policy during the current period of insurance. The no-claim bonus increases with every claim-free year. 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. No claim Rating 1 Rating 1 Rating 1 No claim Rating 3 Rating 2 N/A One at fault collision claim Rating 1. No Claim Bonus calculation in case of Discount on Premium: Consider Mr X has a policy with a sum insured of Rs. For example, if you stay claim-free for 3 years, you receive a 35% discount. The lower your number on the scale, the higher your discount will be. 006-103. 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. For more information please see your Product Disclosure Statement (PDS) and our Premium, Excess and. Nationwide as. 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 schemes are a prominent feature of many comprehensive motor vehicle insurance policies, and are generally presented by insurers as a means of rewarding. This includes car type (and its safety rating), car age, car usage, garaging situation and your claims history (plus more). By way of example, a grade 4 premium of say $1,000 could be discounted to $350 for no non-recoverable accidents by year 4. NerdWallet rating. NerdWallet’s ratings are determined by our editorial team. Extended new car replacement cover. Minimum premiums and premium rounding can affect anyWhat discount can I get for No Claims Bonus? You will be rewarded with a discount on your car insurance after just earning one year of NCB. However, the discount rates are dependent on the age of the policy and when the last claim was made. Viewing your car insurer’s latest renewal offer. 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. If you do not raise claims for five consecutive years, you gain a 50% discount on insurance premium. Provided by review-widget. While a no claims discount is valuable, there are many more factors attributing to your premium. The scoring formula takes into account consumer experience, complaint. S. 25%. The maximum NCB we offer is 60%*and you'll be eligible for this when you have been driving for four or more years. 10%. Phone only offer. The way that it works, is that each year that you drive without claiming on your insurance, you will gain a year of no claims discount. A discount ranging from 20-50 percent on. 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. % change from no accident claim. Four years. But a no claim bonus doesn't always reduce the cost of. 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 more years you remain claim-free the bigger your discount will be. The table above states the NCD rate in Malaysia, and the amount differs depending on the type of vehicle you’re using. If. According to the National Association of Insurance Commissioners (NAIC), in 2020 there were just 12 complaints filed on homeowners insurance policies, with a complaint index of 0. Get your NCD questions unsolved with Budget Direct. Travelers average rate. For example, the average annual cost of homeowners insurance in New Hampshire is $813. 55%. Most insurers apply the discount after rating holistically, not selectively. But that’s not because we don’t believe in rewarding smart drivers. It can be achieved by sustaining a claim-free record. 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. Percentage of discount. 1-star rating out of more than 196,000 reviews on Google Play. Each year’s worth of NCD gives you a discount on your. A lot of the details depend on your driving history and the cost of protecting your no claims discount. No claims discounts vary from insurer to insurer, but they can be as much as 30% for one claim-free year and 60% for five claim-free years. We may ask you for proof of your no claim discount (NCD) during your period of insurance. It is possible to protect your no-claims discount but it comes at an additional cost, typically between 5-10% of your car insurance policy premium. 8-star rating from over 1. Discounts available: Under 25s can get 10% discount by completing AAMI Skilled Driver Course. This sounds like a big saving. , 1/(1+r), where r is the annual rate of return) A i;i=0,…,k. Nuclear Installation (Section 4) means any installation of such class or description as may be prescribed by regulations made by the Secretary of. This could mean money off your premium when you next renew. means a reduction in the premium allowed at the time of renewal to the Voluntary Driver in recognition of no claims under their private motor Policy in the expiring period of insurance. Both terms refer to the same reward given to drivers who have not made any claims on. Get a home quote from £5/month Despite the differences, proving a no claims period on your home insurance is much the same as with your car insurance — you'll need a letter or document from. It's a valuable part of your policy, and one that's worth protecting. If you are lucky enough and have a good driving record, then some car insurance companies in UAE may provide you up to 50% no-claim discount, considering your age. Canstar & Money Magazine's Insurer of the AnnumYour no claims bonus in practice. Admiral scored 69% for customer satisfaction, placing it 12th of the 15 car insurers we received sufficient responses for in our customer survey . For example, if you had a Rating 1 (maximum no-claim discount) and you made one at-fault claim in a given year, your rating would drop to 3. Make. We paid over 99% of RACQ Comprehensive Car Insurance claims in 2022. in 2016 that were paid at an average of $7,571. I guess you won't have to start from a 0-rating with. 10%. 50% discount under No Claim Bonus, Fast claim settlement, Personal Accident Coverage. No claims discount (NCD) is one of the biggest rating factors when it comes to motor insurance and building it up can lead to large discounts from insurers. That rate is about $70 a year less than the average national annual rate of $2,148. Another 10% is added upon the third claim free year, making it 35% discount. 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. Let’s assume that Raj pays a yearly premium of INR 10,000 for a sum insured of INR 5 lakhs per year. Not at fault - Yes. 40%. Every year that you don't. Claims-free discount: If you’ve been claims-free on your home policy for at least five years, USAA extends a 10%. No claim discount protection. Kuala Lumpur Malaysia. Updated NCD tables. The discount is applied to your car insurance at renewal. A No Claims Bonus for auto insurance offers you a discount off of your physical damage premium for not presenting any claims. 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. 5. Once you have a Rating 1 for life, we won’t reduce your no claim discount if you make an at fault claim. 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. On top of standard home. If you have not made any insurance claim in the past 1 year, your NCD will be increase by 10% on renewal , up to a maximum of 50% after five years. Budget Direct offers tailor-made cover, new-for-old replacement, 24/7 claims, a highly-rated claims service, and get a hire car following a theft. You can accumulate this yearly discount for more savings upon renewal, capped at a maximum of 50%. The amount of discount offered varies between providers, so it's a good idea to shop around before committing to a policy. Updated: 08 Sep 2022. Don’t make any at fault claims for 12 months while you are a Rating 1 with 60% no claim discount. You may be eligible to protect your no claims discount for an additional premium. Aviva has more than 18 million customers thanks to policies such as courtesy car inclusion and accidental damage cover. Discount on renewal. Search responds to frequently asked questions about no-claim discounts required Comprehensive Cars Insurance policies. No claims discount of up to 60% . To minimise costs, you should start by considering who is on your policy. To be valid, it must be dated within two years of starting your new car insurance policy. 15%. A No Claims Discount (NCD, otherwise known as a No Claims Bonus) is a discount offered by some insurers to reward good driving behaviour. Above 21. Car accident and collision damage. No-Claims Discount in year. See ‘Rating 1 for life’ on page 38 for details. Your car insurance premium will be reduced depending on the amount of no-claims bonus you’ve accrued, and it’s estimated that you could pay up to. No Claim Bonus Calculator: If you are wondering how NCB in Car insurance is calculated, the following paragraphs will give you the answer. NCD schemes which are described by insurers as 'no-claims bonus. Theft (also covers damages from vandalism) Hire car cover. So if, for example, you had a no-claims bonus of 30%, you'd pay £700 where you would otherwise have paid £1,000. A no claims bonus (NCB), or more correctly a no claims discount, is awarded if you don't claim in the latest policy year. 2. Ratings start at 6 and decrease for every consecutive year you don’t make a claim. All insurance companies have their own no claims discount scale, but a typical example might be: 30% discount after 1 year's claim-free insurance. *51% of consumers could save £151. S. 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 insurance when you come to renew. 57, according to Comparethemarket. Zero claims mean that the policyholder has been an exemplary driver, and their reward is a discount on. Each year that you go without making a claim, the discount increases. In addition, all household members (i. This discount can be anywhere up to 60% in the first year. When you reach this ceiling, we’ll give you a maximum no-claim discount, also known as a Rating 1. A typica l form of no claims bonus is shown below: One year: 25% discoun t Two years : 40% discoun t Three years : 50% discoun t Four years : 60% discoun t 1. A no-claims bonus – also known as a no-claims discount – is a percentage discount that your insurer shaves off your insurance premium to reward you. Up to £300. No-claims bonus (NCB), otherwise referred to as No Claims Discount, is a way you can cut the cost of car insurance. If there are still no claims on your policy, you keep getting a discount. A No Claim Bonus or NCB is a reward given to policyholders for having a claim-free year. A no-claims discount builds up over time - the longer you go without making a claim, the more your discount will be. You can check your NCD rate online instantly for free. This varies from insurer to insurer, so. Pekin Insurance pros: Long-standing carrier with just under a century’s worth of experience in the insurance industry. Updated on Apr 27, 2022. It’s a system that rewards drivers based on the number of years they’ve been driving without making a claim. 2. Here's how Hastings Direct scored in our latest car insurance survey: 61% policy score on its standard policy, so it was 21st out of the 34 providers we reviewed. Contact America. To get the highest discount you need a no claims bonus of at least five years. It means you get to keep any NCD you've built up – even if you claim. Legal liability for damage or loss to a third party. 2) the number of years you have held your driver's licence without making a claim. Point on Scale. You’ll earn Apia’s highest “Protected for Life” no-claim bonus* after just three consecutive years of claims-free driving. A NCD offers you a reduction in the cost of your car insurance if you don’t make a claim on your policy. 5 out of 5. 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. This includes car type (and its safety rating), car age, car usage, garaging situation and your claims history (plus more). If it’s not there, it could be. 3: Click ‘Get My NCD Record’ OR if you have a company. Updated on Apr 27, 2022. Nationwide offers competitive home insurance rates when compared to other top companies and made Forbes Advisor’s list of best home insurance. This can be your renewal invitation or a letter from your previous insurer and should: Be on official company headed paper. This drops to £310. In Australia, a no claim bonus works like this: 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: Basic excess . It’s a way for insurers to acknowledge. 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. No-claims bonus (NCB), otherwise referred to as No Claims Discount, is a way you can cut the cost of car insurance. but how do you know if you have a rating discount? User #16579 13175 posts. The longer you drive without claiming, the. American Family: Best home insurance for a high deductible discount. A No Claim Discount/Rating 1 for Life applies to some policies. The Progressive app has a 4. 15%. The discount increases each year if you don't claim, up to a maximum number of years. However, DirectAsia is now offering a NCD60 coverage – a first in Singapore. . Find answers to frequently inquired questions about no-claim discount for Comprehensive Car Insurance policies. No claim discount: Safe Driver Rewards discount is protected if no more than 1 claim is made per renewal period. When buying this type of. Jalan Kerinchi 59200. The Association of British Insurers (ABI) says one year of no claims discount could reduce your premium by 30 per cent. The London Ultra Low Emission Zone (ULEZ): what you. This discount can be anywhere up to 60% in the first year. This MoneySuperMarket. Bear in mind that this totally depends on the insurer and can be much lower or much higher. Companies typically offer several. MyAllianz User Guide_Check NCD of Car Insurance Policy_21_7_21 Created Date: 20210727082151ZNo Claim Bonus in car insurance is a discount on the payable premium. Read our handy guide on all things NCB,. NCD is earned once you’ve completed your first year of claim-free driving with one insurer as the policyholder. 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. If your second year goes without any claim, the discount will go up to 25%. 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. If you need to confirm your Youi claims history we can mail you a summary of your policy & claims history. You move up one discount level after each claim free period until you reach our maximum 25% No Claim Bonus. The discount increases each year if you don't claim, up to a maximum number of years. You get an increase in your NCD for every year that you don. Higher limits for some. To assist you with your submissions to the Competition and Markets Authority (CMA), we’ve updated our 2020 average no claims discount tables for our Private Car, Your Van and. 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. 8-star rating out of 5. Power, a data analytics company. 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. All drivers in Saudi will be eligible to benefit from No Claim Discount (NCD) under 3 conditions: First, maintain a clean record of traffic accident claims. No Claims Discount Explained. 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. 16%; 2. Your no-claims bonus builds up with each year you drive without claiming, thus, the longer you go claim-free, the bigger discount you’ll see on your insurance premiums. Calling your car insurer and speaking to them directly. No Claim Discount plays a big role in determining how much you have to. However, in that time, I've never actually held insurance under my name (always under. This builds up every year, and could end up giving you as much as 60% off your car insurance. 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 discount is transferable and can be. Get award winning Car Insurance. Many insurance providers put a cap on no-claims discounts after around five years, but up until that point, you will save money for each year that you don’t claim on your car insurance policy. For example, if you have protected maximum no claim bonus and make two 'at fault' claims during the year, your no claim bonus will reduce to 40%. Number of at fault claim free years Discount One 20%. According to the UAE auto insurance regulation policyholders who make zero claims get rewarded. 25% Claim Free Privilege 1 is earned after you've. 72% customer score, placing it 7th out of the 15 insurers we had customer scores for. No Claim Bonus Calculator: If you are wondering how NCB in Car insurance is calculated, the following paragraphs will give you the answer. Customers were also asked to rate their most recent claim. com): 4 years of NCD 20 on Bike 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. Policyholders with a claim-free record can get from 20% to 50% discount on premiums. Canstar & Dough Magazine's . D. From what I have seen, insurers tend to offer one or the other. As the name suggest, this no claim discount is extended to you when you do not make any claim toward your insurance during the in force period. What is No Claims Discount? If you have 5 years or more NCD this will reduce to 3 years, then by a further 2 years for any future claims; If you have less than 5 years NCD this will reduce by 2 years for each claim; If you don’t protect your NCD and have to make a claim then you won’t earn any benefit for that year. It’s basically a reward from your insurer to you for good driving. You may still be entitled to a No Claim Discount even if you have made a claim, provided you are not liable for the accident and that you have been insured with us for the past 12 months. It sells slightly different variants of its cover through comparison sites - called 'Aviva Online' (65%) and 'Aviva Premium' (66%). What you drive. Thus, they reward you with an NCB discount when you renew your vehicle insurance policy for the coming term. Both terms refer to the same reward given to drivers who have not made any claims on their car insurance policy during a certain period. Three years of guaranteed repair work for fire or theft claims – – Accidental damage – – Courtesy car cover – – Replacement locks – – European car insurance: Up to 60 days: Up to 60 days: Up to 60 days: No Claims Discount Protection 24. No Claim Bonus or NCB is a reward given by an insurance company to an insured for not raising any claim requests during a policy year. Or rather, for not costing your insurer any money in payouts. At Budget Direct, the NCD is capped at 5 years. John Lewis Car Insurance is underwritten by Covea Insurance plc. However, the percentage will reset to zero once you raise a claim. net. 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 discount of rating 1 or 60 percent. Percentage. Then try adding in no claims protection to the quote and comparing this again. Average home insurance cost for dwelling. Dilip C. annual discount factor (i. Compare the best car insurance policies to see how Hastings Direct scores. The average cost of home insurance in the U. Car insurance companies offer a unique proposition called No-Claim Bonus (NCB), whereby policyholders are rewarded for not making a claim in the preceding years. Why your no-claims bonus matters Your no-claims discount (NCD) plays a vital role in the way your car insurance premium is calculated. Progressive car insurance costs $2,075 per year on average for full coverage insurance. Lots of countries have similar systems that use. Bear in mind that this totally depends on the insurer and can be much lower or much higher. At Budget Direct, the NCD is capped at 5 years. However, any claim or incident may affect the terms that apply to your policy at your next renewal (including your premium or excess). Meaning the same thing, NCD/NCB stands for ‘No Claim Discount’/’No Claim Bonus’. 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. B i;i=0,…,k. A feature of Budget Direct’s car insurance is a discount when you restrict your policy to drivers over a certain age. 20%. The premium we charge you will take into account any no claim bonus (NCB) you may be entitled to or your rating level. There are many benefits of the No Claim Bonus (NCB) in Health Insurance. What is a no claims bonus? A no claims bonus is built up each year that you drive and do not claim on your insurance. 12%. No-claim discount: The company provides discounts for those who haven’t made recent claims. Fill out the blank areas; engaged parties names, places of residence and phone numbers etc. 0%. Your no claims discount builds up with each claim-free year, so the longer you go claim-free the bigger your discount will be. 5% on you car insurance when you sign up for roadside assistance with RACQ . 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. Here's an example of how your protected no claims discount works with an increase in the annual premium: Your insurance costs £1,000 in the first year but is reduced to £400 after applying a 60% protected no claims discount. What discounts can I get on my policy? Although AAMI doesn’t offer a multi-policy and pension discounts, we do have a Safe Driver Rewards program, also known as a no claims bonus. One year NCB can result in around a 7% discount growing to 40% when you reach 9 years. 10%. The more years you’ve driven in a row without making a claim, the bigger your discount. 5%; 1. Price. 44%: 4 Years. You can often pay extra to protect your NCD, meaning if you do have an accident, it won't affect your rating. No Claim Bonus. When you reach this ceiling, we apply the maximum no-claim discount (Rating 1). In summary, a No Claims Bonus is a reward feature that recognises safe driving – it gives you a discount on your insurance when you drive without making a claim. It also depends on the type of vehicle that you have, your driving. e. Here’s how it works: for the first year, you won’t receive any discount, but after four years of safe driving, your NCD rate can reach as high as 38. See “NCB discount or rating level” section on page 6 of this guide for more detail. It can see you paying much less than you would otherwise. Claims-free discount. 10 May 2018. Years Discount; 1:. Table of Contents. Progressive: Best. There is an immediate benefit in terms of discount in the rate charged. Allstate offers a discount of up to 20% for new customers who have no recent claims and switch to Allstate. A choice of market value or agreed value.