It works differently depending on the insurer, but generally it will let you make up to two claims without losing your no claim bonus. One of the big questions to ask yourself before taking out car insurance is whether you even want to bother with the no claim bonus. When you switch car insurance, it's also worth looking at whether your new insurer will recognise your no claim bonus. The exact types of claims you can make without losing your bonus will be different depending on the insurer, so it's a good idea to look at this if you're planning on growing a no claim bonus. Providers may also offer no claim discount protection which let you make a specific number of at fault claims without it impacting your rating. In these cases, your own insurance policy may be triggered, and your premium may increase as a result. Plus, with Sheen, you're entitled to an accident replacement vehicle if you're not at fault, ensuring you stay on the road through it all. That said, if your insurer does become involved in the process, there’s a possibility they may take the claim into account when reviewing your policy renewal. In most cases, a not-at-fault accident does not impact your insurance premium, excess, or overall policy. We've created this guide to help you understand how your insurance policy may be affected by a not at fault accident. This is often used by drivers with a high rating. This can let you make one at-fault claim in a policy period without dropping back, subject to the product rules. If the outcome isn't in your favour, it may be time to explore other options. If you disagree with a premium increase, you can lodge a dispute with your insurer. Every insurance company uses its own methods to calculate premiums, so your experience may vary. It’s not uncommon for drivers to assume their NCB is protected only to find out it was impacted by a single claim. You can safeguard your accumulated discount through strategic claim decisions and by purchasing no claim bonus protection cover as a policy add-on. Most insurers don’t penalise your rating for not-at-fault claims where another driver caused the accident and their insurer accepts liability. Your rating transfers between insurers when you switch policies, so you never lose your accumulated discount by changing providers. I mean the repairs have life time guarantee etc. CTP renewal came from NRMA already, wanted $520. Do a new quote online for the same car and see what price you get I just checked again and NRMA want $2143 for my Q5 45TFSI, renewal in about 3 weeks let's see what they say We have 8 policies with NRMA that gives us 10% discount and another 10% loyalty bonus. I just checked again and NRMA want $2143 for my Q5 45TFSI, renewal in about 3 weeks let's see what they say. Wondering whether not at fault claims affect premiums in Melbourne? If the at-fault driver is insured and they accept liability, their insurer should cover the repair costs, meaning your insurer won’t need to get involved. Multiple insurers have been caught out in the past few years making mistakes in this process, resulting in fines and paying back customers. Saying you've seen a 0.02% decrease is pointless if you're still paying +50% compared to other insurance companies... You need to compare the policy to everything else out there...saying you've seen a 0.02% decrease is pointless if you're still paying +50% compared to other insurance companies... Well, renewal time has come around and I was expecting to see a nasty surprise after the above thread, and given the 20% premium hike in 2024 from the previous year. My premium on the old system with 65% NCB was $500 dearer than the one quoted on the new system without the NCB but still taking into account the fact that I had no at-fault claims in the last X years. All I care about is the actual premium cost. Or I could have "NCB for life" so that if I have an accident, my NCB % stays the same but my base premium doubles. No doubt insurers are now using detailed risk models to price individual policies, rather than using the old pool approach. Pricing engine considers all factors and generates a quote. Called RAC and managed to coax an updated quote on my car. This means you can still make weather-related claims or accident claims where the other driver was clearly at fault without losing your no claim bonus. Generally, your bonus won't be reduced for claims where you were not at fault. Share trading Best investing apps Best trading platforms Cheap stock brokers ASX shares US stocks ETFs Best ETF platforms Best ETFs Cryptocurrency Best crypto exchanges Best crypto wallets Crypto treasuries Super funds Best super funds Ethical funds High growth funds Pension funds Super balance calculator Your accumulated rating represents years of safe driving and financial discipline, but that discount only matters when you apply it to a competitively priced base premium. Understanding what is a no claim bonus gives you powerful leverage when shopping for car insurance. Your rating 6 discount saves you the most money when applied to an insurer whose base premium already suits your risk profile. Generally, if you're at fault and you make a claim, you'll either lose your bonus or it will be reduced. Insurers have different terms and conditions about how claiming affects your bonus. However, Insurer ABC is also charging Jessie 20% more on insurance renewal than it would for a new customer with the same risk profile. Insurer ABC has promised Jessie a discount of 15% off her premium for the number of years she has held a policy and the number of policies held.
