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Is there actually any benefit in paying to protect my no claims discount?
I have nine years no claims discount on my policy. The insurance company charge £45 per annum to protect this discount. They also state that in the event of a claim the premium will be increased. In view of this is there any benefit in paying to maintain my NCD?
Asked on 19 March 2019 by Peter Binks
Answered by
Honest John
It depends on what risk you present and how much you value your no claims. I live out in the wilds and work generally from home, so don't do many miles. For me, it would not really benefit me to pay to protect them. If I go to my past life of living in a town, commuting every day at peak times and driving a high insurance group car with points on my licence, it definitely would.
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