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Friday, 20 August 2004 |
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Your no claims bonus is calculated on the amount of years you have been driving with an insurance policy. Generally the highest NCB rating is 60% (which is with 5 years driving experience). The rating works on a scale of 1 to 5, and is the discount you will receive on your insurance premium. 1year = 20% 2years = 30% 3years = 40% 4years = 50% 5years = 60% If you are a new driver, your premium will be a little high. If you have relative or guardian who has a 60% NCB, some insurance companies may allow you be on their insurance premium, this may reduce your first insurance premium amount.
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