What does NCB or NCD stand for? (No Claims Bonus)
NCB stand for No Claims Bonus (this can also be known as NCD or No Claims Discount) - - A no claims bonus (or NCB) is the discount that you have earned on a previous insurance policy for not making a claim. These discounts are determined by the number of years that you have not made a claim for.
There is a scale of discounts you ear with NCD. Although it varies from insurer to insurer, it typically looks like this;
Year |
Discount |
1 |
30-40% |
2 |
40-50% |
3 |
50-60% |
4 |
60-65% |
5+ |
65-75% |
We use a panel of 30 insurers so when you get a quotation from ourselves we will be getting quotes from a range of companies with differing scales.
Remember no claims bonus is only one factor in determining your premium. It is a big factor but for more information about how your premium is calculated use this link.
