Should i protect no claims

However, you could lose all that without it being your fault, for instance if your car is hit by an uninsured driver. So is it worth paying extra to protect your discount? You get a no claims discount for being a careful driver and not being in an accident where a claim is made. You could lose all that for just one accident. You would also normally lose your discount for being in an accident with an uninsured driver, if you had to make a claim on your own insurance.

The opportunity to protect that reduction might initially seem like a no-brainer. You'll continue to pay less on your premium even if you have an accident. You might still lose your discount if you have a number of accidents in one year though.

The trade-off is that you'll have to pay an additional fee for the protection. It can be tricky to figure out whether buying protection leaves you better off. More on Car Insurance. Car insurance reviews. Making a car insurance claim. Car insurance: add-ons, fees and charges.

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More Than. Once you build up several years of claims free driving, your no claims bonus will help you get a noticeable reduction on your premiums and because of this many drivers will want to protect their no claims bonus. While Full No Claims Bonus Protection is the most expensive option when it comes to protection your no claims history, it also offers the greatest level of protection. However, before taking out Full No Claims Bonus Protection it can be worth checking with your insurer for any exceptions or limitations to the protection.

For example the protection may only apply where a claim made against you is under a certain financial amount or your protection may be not apply if multiple claims are made against you in a specific time-frame.