Admiral Multi Car Insurance No Claims Bonus: A Comprehensive Guide

What is a No Claims Bonus?

No Claims Bonus (NCB) is essentially a reward system for car insurance customers. It rewards customers who have not made a claim on their policy by providing them with discounts on their next policy. The discount is often calculated as a percentage, and the longer you remain claim-free, the higher your NCB will be, and the bigger the discount you can expect. Admiral Multi Car Insurance offers customers a No Claims Bonus, allowing them to benefit from discounts on their policy.

How does it work?

Admiral Multi Car Insurance offers customers a No Claims Bonus based on the number of claim-free years they have been driving. To qualify for a No Claims Bonus, the policyholder must have held the same car insurance policy for at least one year, and must have not made any claims during that time. For every year that the customer remains claim-free, they will receive an additional percentage discount on their policy. The discount increases with each claim-free year, up to a maximum of 65%, so the longer you remain claim-free, the more you can save.

What are the Benefits of a No Claims Bonus?

The main benefit of a No Claims Bonus is the potential savings you can make on your car insurance policy. A No Claims Bonus rewards you for your safe driving, and the more years you remain claim-free, the higher the discount on your policy will be. Admiral Multi Car Insurance offers customers a No Claims Bonus of up to 65%, so the longer you remain claim-free, the more you can save.

What happens if I do make a claim?

If you do make a claim on your car insurance policy, your No Claims Bonus will be reduced by one year. This means that the discount you receive on your policy will be reduced, and you will have to start building up your No Claims Bonus again from the beginning. However, Admiral Multi Car Insurance also offers customers the option to protect their No Claims Bonus, which means that any claims made will not affect your No Claims Bonus or your discount.

How Do I Protect My No Claims Bonus?

Admiral Multi Car Insurance offers customers the option to protect their No Claims Bonus. This means that any claims made on the policy will not affect the customer’s No Claims Bonus or their discount. To do this, customers must pay an additional premium. The cost of the premium will depend on the customer’s circumstances, such as the type of car they drive and their driving history. However, if customers remain claim-free, they can benefit from the additional savings provided by their No Claims Bonus, so it may be worth considering protecting your No Claims Bonus if you are a frequent driver or if your car is of a high value.

Conclusion

Admiral Multi Car Insurance offers customers a No Claims Bonus, which can provide them with significant savings on their policy. To qualify for a No Claims Bonus, customers must remain claim-free for at least one year, after which they can receive discounts of up to 65% on their policy. Customers also have the option to protect their No Claims Bonus, which means that any claims made on the policy will not affect their No Claims Bonus or their discount. Ultimately, a No Claims Bonus can provide customers with significant savings on their car insurance policy.