Many people opt to change their car insurance on quite a regular basis. This is because they want to keep up to date and make sure they are always getting the best deal. There could be quite a lot of money to be saved in this way and it is certainly advisable.
However, some insurers offer discounts and benefits to loyal customers and these can often make the new deals less beneficial. You need to ask your current insurer for their best deals and if you don’t believe them, check for yourself by getting a new quote online.
Your no claims discount is the reduction in your premiums that comes about because you have not made a claim for a certain number of years. Usually, the benchmark for a significant discount is four years or not having made an insurance claim. At this point, you are considered to be a safe driver and thus represent a far lesser risk to the insurance firm.
You can take your no claims discount from one firm to another but the discounts may not be quite so rewarding. You need to consider this point and don’t forget to ask each firm about their policy in this area. This could save you a lot of hassle in the long run and never sign on the dotted line until you know you are getting the best deal they can offer you.
The vast majority of insurance firms will allow you to take your no claims discount with you when you make the switch from one firm to theirs. This is not a guarantee so be sure to ask. Your no claims bonus will not disappear if you have not made a claim yet there are some exceptions. If you are moving to a more comprehensive policy then there may be some complications along the way in this respect.
Your no claims bonus is almost holy as far as getting the cheapest insurance is concerned and will generally stay with you when you swap policies.
