Motor insurance lowered by no claims bonus
Thu, 13 Apr 2006
Opting for a policy that will protect a no claim bonus could help many drivers reduce their motor insurance premiums.
Insurance provider Esure estimates that many UK motorists could benefit from a policy which includes a protected no claim discount (NCD), especially if they have a history of being a safe driver.
It is estimated that UK drivers with more than four years' no claim discount could save a total discount of around £10.5 billion per year on their motor insurance cover.
Mike Pickard, head of Risk and Underwriting at Esure, said: "Opting for a protected no claim discount is well worth a relatively small addition to drivers' yearly premiums.
"The no claim discount is such a valuable potential saving for motorists and can lead to differences of more than £700 per year in the premiums for the same car, with the same driver in the same street."
© Adfero Ltd
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