No Claims Discount Lasts For 2 Years

this used to be a car ...

Remember I asked how long my car insurance no claims discount lasts after I cancel my policy?

Well, I’ve finally got round to ringing eSure to both cancel my policy and find out the answer to my question, and they say that it’s 2 years. I’m not sure whether this is an “industry standard” or whether it depends on the insurer, though.

What it means is that if I don’t take out car insurance in the next 2 years I’ll probably end up paying quite a bit more. I’ve just done some quotes on Moneysupermarket with both 6 years no claims and without, and the quote with the NCD is about 50% of that without.

Indeed, on my “Renewal Invitation” (nicely put), eSure say they’d give me a 71% discount based on my no claims history, so that shows you just how much cheaper car insurance can be if you can drive for a few years without getting into any accidents.

Creative Commons License photo credit: Diego Cupolo

Similar Posts:



One thought on “No Claims Discount Lasts For 2 Years

  1. “I’m not sure whether this is an “industry standard” or whether it depends on the insurer, though”

    For most things that will help you get a discount, there are usually differences from one insurer to another. You will do well to read and understand the details of each providers policies. It’s very important.

Leave a Comment

Your email address will not be published. Required fields are marked *