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
1 year 10%
2 year 20%
3 year 30%
4 year 40%
5 years or longer 50%