No claim discount
What is a no claim discount?
We all like a little reward from time-to-time. Typically, for every year you don't make a claim on your car insurance policy, you can earn a discount, up to a maximum number of years. Some insurers offer as much as a nine year discount. This is usually referred to as a no claim discount (NCD) or a no claim bonus and could entitle you to a discount on your premium.
No claim discount protection
Policyholders who have built up a NCD may choose to protect it with no claim discount protection.
If you haven't made a claim in the last four years you can add no claim discount protection to your IrishSavings's car insurance policy as an optional extra. This means, for an additional cost, you can keep your NCD provided you make no more than:
- One fault claim in a period of cover; or
- Two fault claims in any three consecutive periods of cover.
Once earned, a NCD can be a useful way to help reduce your car insurance premium. So if you are reviewing your insurance it could be worth checking to see if you qualify.