A No Claim Bonus is a reduction in your car insurance premium that you receive for each year you don’t make a claim. It varies in value between insurers but essentially rewards safe drivers by giving them lower premiums.
Each year you earn a No Claim Bonus, you will receive a reduction in your premium until a full bonus is earned after a set period of time. A full No Claim Bonus is the maximum reduction you are entitled to for not making a claim. Once you reach your full bonus you’re no longer eligible for further reductions. The maximum No Claim Bonus you can earn with Allianz is 9 years.
How Claims Effect Your No Claim Bonus
Usually when you have to make a claim you will lose all or some of your No Claim Bonus. The same applies if you’re in an accident where the other driver makes a claim against you. If you have to make a claim because your car was stolen or damaged this will also affect your No Claim Bonus.
If you’re in an accident and you’re not at fault however, you should be able to claim off the other drivers insurance and your No Claim Bonus will not be affected.
For many people it makes sense to protect their No Claim Bonus. This can be achieved through purchasing optional covers such as Protected No Claim Bonus or Step- back No Claim Bonus Protection.
Protected No Claim Bonus
Protected No Claim Bonus is an optional cover that essentially allows you to make a specific number of claims without your bonus being affected.
If you have purchased Protected No Claim Bonus with Allianz, we will not reduce your No Claim Bonus unless more than one claim occurs in any three year period. In addition to this, claims in respect of fire, theft or windscreen damage will not impact your bonus.
Step-back No Claim Bonus Protection
Step-back No Claim Bonus Protection is a variant of Protected No Claim Bonus that means only part of your bonus will be affected.
If you have Step Back Bonus Protection with Allianz, we will reduce your No Claims Bonus by three years if you make one claim. More than one claim will result in your No Claims Bonus reducing to Nil.
What happens to your No Claim Bonus if there is a gap in cover?
You may not be able to carry your No Claim Bonus if there is a gap in your cover. For example, if you travel abroad for a period of time and aren’t insured you will usually lose your No Claim Bonus. This period of time varies between insurers but with Allianz it is 2 years. The same applies if you sell your car. So if you are planning on moving abroad or selling you car this is something you should consider.
Whether you have one car or five, classic car or camper van, even teenagers looking to insure their first set of wheels, we can help. Choose from Multi‑Car, Single Car or our Black Box Insurance, LittleBox. Once you’ve figured out which car insurance policy is right for you and your family, you just need to decide which level of cover you need.
This is the most basic level of cover as required by law. If you’re involved in an accident, we will pay out to the third party involved but you won’t be compensated for damage to your own vehicle.
Third party fire and theft
As well as paying out to a third party if you’re involved in an incident, this level of cover will also protect your car from damage caused by fire or theft. However, it will not pay out if your car’s damaged in another way such as a bump or crash.
This is the most complete insurance you can buy; it includes Third Party, Fire & Theft and will pay out to repair or replace your car if it’s damaged in an accident or suffers malicious damage.
Need more information? Read our ‘which level of cover?’ guide
If you have more than one car, come to us direct as you won’t find Admiral MultiCar on comparison sites.
What do I need to get a car insurance quote?
We cover the whole of the UK and Northern Ireland and it’s quick to get a quote — it only takes five minutes. Here’s the information you’ll need to hand when you get a quote:
1. Car details
Don’t worry if you don’t know your car registration, just enter the make, model and year it was made and we’ll find your car.
2. Driver information
Including names, dates of birth and driving licence details. Any motoring claims or penalty points you or your named drivers have. Claims information for three years and motoring convictions for five.
3. No Claims Bonus
This means a discount for you, so make sure you know how many years No Claims Bonus you have. You should be able to find this on your existing policy documents, if not your previous insurer will tell you.
If you are looking for more advice why not take a look at our related guides.
What affects insurance premiums?
There are loads of articles online telling customers how to get cheaper car insurance, but with every insurance provider rating on different things, what actually affects the amount you pay for insurance?
At Admiral, we look at factors such as your age, driving experience, driving record and the type of car you drive.
Every car in the UK is placed in an insurance group ranging from 1 to 50, 1 being the cheaper end and 50 the highest with the likes of sports cars. But it’s not as simple as a cheap car = cheap insurance, the groups also take into account driving style.