N - No-claims discount
05 June 2006
No-claims discount - Insurance companies want to reward customers who make fewer claims. In order to do that, they reward customers who make few claims by reducing their premiums.
Many people are worried that they may lose their no-claims bonus if they leave a company insurance scheme when they give up a company car.
However, some insurers may accept written evidence of an individual's good record provided by their company, thus allowing good drivers to start off their premiums with any previous bonus intact.
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