How to retrieve no-claim bonus from scrapped car?
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I have two cars on my name, in different insurance company .Now I want to scrap old one, but what will happen to my five years no claim bonus? Or can I transfer and add to my other new cars no claim bonus and make it longer period?
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You can transfer the NCB on the car you want to scrap to the new car. If you cancel the car insurance policy, then you will lose the current year' no claims, that is, if you have 5 years NCD now and you were going to be 6 years if you keep your policy, then you'll still end up with what you had before which is 5 years NCD.
You only lose you no claims discount entitlement if you do not have a car insurance policy in your name for a period of 2 years or more.
So just get in touch with your current insurer and tell them you want to change the car on the policy to the new one.
You only lose you no claims discount entitlement if you do not have a car insurance policy in your name for a period of 2 years or more.
So just get in touch with your current insurer and tell them you want to change the car on the policy to the new one.
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