Car insurance customers who never string a state are genuine the type of customers that insurance companies case. Offering a "no claims bonus" is one form they price these policyholders.
"No Claims Bonus"
A "no claims bonus" is right that: a bonus for not submitting any claims on a van insurance policy. Such a bonus Testament chop motorcar insurance premiums up to 60 percent over the trail of five elderliness.
How a "No Claims Bonus" Works
For every year that passes without a assert against the policy, the insurer reduces the premium a definite percentage. The lowering Testament vary by insurance corporation and policy. It is a first-class thought to verify these details at the policy's inception.
A protected "no claims bonus" is an additional protection you can purchase from an insurance company. This allows you to keep your bonus even if a claim is made on the policy. This coverage may only be good for one claim. The cost will vary, depending on the policy and insurance company.
