What Is No-Claim Bonus And Why Drivers Must Protect It
LOS ANGELES, Sept. 14, 2018 /PRNewswire-iReach/ — Cheapquotesautoinsurance.com has released a new blog post that explains what car insurance no-claim bonus is and why drivers should safeguard it.
A no-claim bonus represents a reward given to the policyholder for not making a claim for a predetermined amount of time. Typically, this bonus is accumulated after one year of not making claims. Find out more about the No-Claim Bonus (NCB) and get free quotes from http://cheapquotesautoinsurance.com/
For every year the client is insured and makes no claim, he will earn another NCB. In some cases, it is possible to accelerate the time needed for earning the bonus to 10 months.
Theoretically, a policyholder can have an unlimited number of NCBs. However, the insurance companies usually limit to maximum 5 periods without claim, when processing the discounts. There are few ways drivers can increase the chances of accumulating an NCB:
- Avoid being involved in accidents. This is the most obvious method of protecting the valuable discount. Not being involved in accidents means not making claims and thus, not canceling the hard-earned reward.
- Install safety devices. Increasing the safety rating of the vehicle will reduce the chances of being involved in accidents. And that leads us again to the previous point.
- Get a safer car. It is important to know that the NBC is transferred to another car if the policyholder switches cars. So, a safer car means better chances for an NCB.
- Avoid claims for very minor accidents. If all that resulted from an accident was just a few scratches and dents, then filing a claim may not be the best solution. With just a couple of dollars, the policyholder can protect his NCB.
“A no-claim bonus is extremely valuable, helping you to save hundreds of dollars. Find out how to ensure that you get that bonus”, said Russell Rabichev, Marketing Director of Internet Marketing Company.
Cheapquotesautoinsurance.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://cheapquotesautoinsurance.com/
Media Contact: Russell Rabichev, Internet Marketing Company, 8183593898, email@example.com
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SOURCE Internet Marketing Company