That is a great question! And I have a great answer - a no claims discount is a great thing to get. Your insurance company is giving you a discount on your insurance because you have been a safe driver, and not filed any claims in a specific time period. Good Job! I hope that you get many more of them. Thanks for asking!
Owner, Best Health And Car Insurance Rates - Instant Online Quotes, US
A no-claims discount is offered by many insurers. When applied, it reduces your auto insurance premium for not submitting claims over a specific period of time. And it can potentially increase every year if your good claims history continues.
Does your company maximize your discount? It can save quite a bit of money.
LIVE answer provided by: Ed Harris - Premier car insurance broker for the last 33 years and owner of several top-rated websites.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Auto rates are set for “standard” risks. By not filing a claim you are distinguishing yourself as a somewhat better risk. In view of that the company is reducing the premium on your car. It does raise a serious question when you do encounter a potential claim. Unless the claim involves bodily injury or great liability you might want to call your agent prior to reporting the accident to your claims department.
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Does your company maximize your discount? It can save quite a bit of money.
LIVE answer provided by: Ed Harris - Premier car insurance broker for the last 33 years and owner of several top-rated websites.