What is NCD? How will it affect my premiums?
If you have not made any claims for a year or more, you are entitled to a No-Claim Discount (NCD)). The NCD reduces the policy premium for the following year. This is your insurer’s way to recognise you for being a careful driver. The following table shows how the NCD is set by all insurers across the industry.
|Period of insurance with no claim||Discount on renewal|
|5 years or longer||50%|