insurance no claims discount

Discussion in 'Lounge' started by rebel, Feb 10, 2018.

  1. rebel

    rebel Active Member

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    would anyone know what 1 yrs no claims discount is worth percentage wise. years ago it was 10 percent per year up to a max of 60 percent now they dont mention percentage and the number of years no claims you can have seems to be nearly unlimited.
     
  2. r1monkey

    r1monkey Active Member

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    it seems to depend on which insurer you use .When i have given proof of no claims when renewing my insurance ,some have put that i have over 10 years .Yet when i claimed last year ,my insurance dropped to 4 years no claims discount . So with one company i would have lost 6 years ,and with another i lose 2 years. As usual with insurance they make it up as they go along
     
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