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Old Oct 3rd, 2002, 08:00 AM   #4
dcfkan
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Join Date: Aug 2001
Location: London WC1
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Quote:
Originally posted by jbkone
I'm in the USA, so haven't any idea what all that 1 year vs. 6 year no-claims business is.

Over in the UK, one gets insurance discount the more no claim bonus years one has, up to a maximum of 6 years I believe.

So, if you have not made an insurance claim in 6 years, then you will get the maximum discount on your insurance premium.

Hence, newly qualified drivers have hefty insurance premium.

Nowadays, one can have his/hers no claim bonus "protected" by paying a small premium (need to build it up to 3 or 4 years first I believe). Once it is protected, you can make x number of claims within a set period without loosing your no claim bonus.

Hope this helps. If I am wrong, I am sure the likes of smiffy (who works in insurance) will put me right

DK
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