What is ‘Full No Claims Bonus Protection’ on a car insurance policy?

Most car insurance products will include step back no claims bonus protection as standard.
Not every policy includes this cover so it is important to ask before proceeding with a new car insurance policy.
Step back bonus protection will normally protect part of the bonus.
So, if you have a 5 year bonus – it may be reduced to 3 years in the event of a claim instead of being totally deleted.

But what is ‘Full No Claims Bonus Protection’ on a car insurance policy?

This is an additional cover extension that fully protects your no claims bonus in the event of a claim.
Policy wordings vary, but here are a few examples:

Kennco Highway Car Insurance Policy:
…….your no claims bonus will not be reduced in the event of no more than 2 claims occurring under your policy during any 3 year period preceding
the expiry date of the current period of insurance.

Wrightway Standard car insurance policy:
In consideration of the payment of an additional premium the insurer agrees that the level of No Claim Discount will be preserved provided that not
more than one claim occurs during the period of insurance………..

Axa car insurance policy:
This cover allows you to make one claim without affecting your no claims discount. once you make a claim, the protection will be removed and you will
not qualify for this cover again for 3 years.
AXA also state in their policy: Although you can protect your no claim discount, your premium may increase if:
- you make unreasonably large or excessive claims.
- you receive motoring convictions
- we decide for any other reason.

Sertus car insurance policy:
(if you have selected the cover) – your no claims bonus will not be prejudiced at renewal date, provided that:-
1. no more than one accident or claimhas occurred, been made or notified during the current period of insurance and /or
2. you have not been prosecuted or threatened with with criminal proceedings in connection with any motoring offence.

Zurich private motor policy:
……in consideration of the payment of an additional premium the insurer agrees that the level of no claims discount will be preserved provided that
not more than 2 claims occur during any 3 consecutive years of insurance.

These examples give an overview of common wordings in the market. it is important to remember that just because you protect your no claims bonus with one insurer, it does not mean that another insurer will allow you the benefit of the protected bonus. You must declare all claims to a new insurer and let them decide the bonus to allow.

If you are looking for a competitive motor insurance quote then log on to www.easyquote.ie or call 1890-399399.

This document is intended as a guide only. Insurance companies change the terms and conditions of their policy wording on a continual basis. It is imperative that you read the terms and conditions of your policy document.