Yes, Hastings Direct offers a no-claims bonus (NCB) (also called no-claim Discount) as a way to reward safe driving and encourage customers to maintain their good driving records. In this article, we’ll take a closer look at what a no-claims bonus is, how it works with Hastings Direct, and what benefits it can offer to policyholders.
What is a No-Claims Bonus?
A no-claims bonus is a discount on your car insurance premium that is awarded to policyholders who have not made a claim on their insurance policy for a certain period of time. The no-claims bonus is typically offered on an annual basis and can accumulate over time, leading to larger discounts on your insurance premiums.
How Does a No-Claims Bonus Work with Hastings Direct?
Hastings Direct offers a no-claims bonus to eligible policyholders who have not made a claim on their insurance policy for a certain period of time. The amount of the no-claims bonus can vary depending on the level of cover you have, but it typically ranges from 30% to 70% of the base premium.
When you take out a car insurance policy with Hastings Direct, you will start with a base premium. If you do not make any claims during the policy period, you will earn a no-claims bonus that will be applied to your next year’s premium. The no-claims bonus can continue to accumulate over time, leading to larger discounts on your insurance premiums.
What Are the Benefits of a No-Claims Bonus?
The main benefit of a no-claims bonus is that it can lead to lower car insurance premiums over time. By driving safely and avoiding accidents, you can accumulate a no-claims bonus that can result in significant savings on your car insurance.
In addition to lower premiums, having a no-claims bonus can also make you a more attractive customer to insurance providers. If you decide to switch insurance providers in the future, you can use your no-claims bonus as a bargaining chip to negotiate a better rate.
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