What happens to no claims bonus if I sell my car?

Although your bonus is attributed to a specific policy, it can be transferred to another car if you change vehicles. If you switch insurers before the year is up, however, you won’t get the NCB for that year. The same is also true if you sell your car and wait for a period of time before finding a replacement.

Can I get my no claims bonus back?

Is it worth protecting my no-claims bonus? Frequently referred to as no-claims discount protection, protecting your NCB allows you to have a certain amount of ‘at fault’ accidents without affecting the bonus. This means that your no-claims bonus remains intact even if your insurer can’t claim their costs back.

Can no claim bonus be transferred?

Ans: No. The No Claim Bonus can only be transferred from one car to another car or from one insurance provider to another. You cannot transfer the NCB from your car to your two wheeler.

How do I get my no claims bonus?

Can I protect my no claims discount? A way to safeguard your no claims discount is to pay an additional amount on top of your car insurance to protect it. This means that even if you were to make a claim, your no claims bonus would stay intact.

Can you get a refund on car insurance if you sell your car?

If you do come to the decision of selling your car within 14 days of insuring it, then thanks to the cooling-off period this means that you can cancel your policy and get a full refund of any premiums you have paid to date.

Do I have to cancel my car insurance if I sell my car?

When you’re selling your car, you don’t have to cancel your car insurance and start again. In most cases, if you change your car part way through your insurance term, your insurer will transfer the policy to the new car and issue a new certificate of insurance.

Do you lose NCB if not your fault?

A no claims bonus (NCB), or more correctly a no claims discount, is awarded if you don’t claim in the latest policy year. Even if you have an accident that wasn’t your fault – you’re hit by an uninsured driver, or your car gets stolen – you could lose your NCB, and your premium could even go up at renewal.