• NCB insurance represents one of the most prevalent methods to shield yourself from any undesirable interruptions. If you have been a responsible driver and have not submitted a claim, you will qualify for discounts under NCB. Nevertheless, it is recommended that you apply for NCB protection.
• When you seek protection, you will qualify for an NCB discount. You will, however, need to speak with the insurance provider regarding the potential benefits you will receive. This will grant you the additional benefit of savings on the total amount. Still, the only requirement is that you should understand how to safeguard NCB insurance.

What is NCB in Vehicle Insurance?

• The NCB protection in vehicle insurance is among the most effective methods to safeguard the bonuses you have accumulated. This will safeguard your vehicle against any possible damages that may occur due to accidents. The NCB in vehicle insurance will serve as an add-on to your car’s insurance policy. Of all the vehicle insurance add-ons, NCB is frequently regarded as one of the most effective.
• Policyholders receive an NCB discount, which is why they prefer vehicle insurance. However, the discount you receive will completely depend on the bonus accrued during the policy period. You will need to pay an additional 5-10% on the base premium as an add-on to access the benefits. While NCB is slightly more than the base amount, it is worthwhile considering the extensive benefits it offers.

Who Needs to Protect NCB?

• All car owners require NCB protection. If you are a car owner, you can take advantage of this discount. However, you should only apply for this protection if you have a clean driving history. In addition, this should also apply if you have never previously filed a claim.
• If you are seeking discounts on NCB premium renewals, you should apply for this immediately. If you own an expensive car, you must pursue NCB recovery. This will help to slightly lower both the NCB premiums and the base policy premiums, particularly for policies that are somewhat higher.

How to Protect No Claim Bonus?

• Once you ascertain your current NCB status, you need to learn how to protect your no claim bonus. You will have to obtain the NCB Protector add-on to gain these benefits by paying a little extra during a claim. By protecting your NCB, you will be able to avoid forfeiting these benefits.
• Consequently, you will be able to obtain inexpensive premium benefits. This is viewed as one of the most effective options that all drivers prefer due to the savings potential. You will qualify for discounts only from the second year. Therefore, you will have the opportunity to save up to 50% on your premiums.

Can NCB Be Terminated?

• You will be able to reap the advantages of NCB as long as you are not submitting any claim. However, the NCB will be ceased if you fail to renew the existing claim within 90 days from the expiration date. If you request an NCB recovery claim, you will receive the benefits for the following year. Nonetheless, if you do not submit a claim, you will forfeit all the benefits. Therefore, it is recommended that you renew the NCB in a timely manner so that you can remain eligible for benefits without the risk of termination.

Is It Important to Get NCB Protection?

• Applied NCB signifies that you must safeguard the NCB. Therefore, it is crucial that you obtain the protection cover. By the conclusion of the 5th year, you will qualify for up to a 50% reduction on the premium that you are paying. Consequently, not only will you save money, but you will also be able to adhere to your budget.

• When you accumulate NCB points, you will wish to protect them for an extended period. This will lead you to be more mindful while driving, thereby preventing any possible accidents and making you a safe driver on the road. If the car does not become involved in any incidents over time, it will qualify for a safe drive. Therefore, it will last longer. Consequently, you will be able to save the bonus in the coming years once again.

How to Retain No Claim Bonus Protection?

Once you choose NCB, it is wise to take the appropriate measures to protect it. This will be essential in preventing any potential harm to your vehicle. Some of the essential tips for maintaining the no claim bonus protection for a longer duration are as follows:

1. Do Not Make Small Claims
   You should refrain from making any minor claims with the NCB protection. When there is any sort of minor damage to your vehicle, you should evaluate whether you can pay for it or if you need to file a claim. If the amount is minor, do not file a claim, but pay for it yourself. However, if the damage is significant and requires a larger expense, you may file a claim.
2. Get the NCB Protection Rider
   When purchasing car insurance, it is advisable that you obtain the NCB protection rider as well. This is an additional feature for which you will need to pay extra costs. With this, you will be able to protect yourself even after making a claim. With the rider, you will be able to maintain the NCB, particularly for a longer time. Therefore, if you have this rider option, submit the claim, and then renew it after some time, you will qualify for a substantial discount.