What is an NCB, and what does NCB stand for?
Category : FAQ
NCB stands for No Claim Bonus. This does not refer to an amount being paid out to you for not claiming. It refers to how long you have been insured continuously without submitting any claims or suffering any losses.
The Bonus part refers to the amount of discount the Insurer will allow on the item/s being quoted and or insured.
An example would be a driver with a 0 NCB will receive almost no discount, and a driver with a 5 NCB will receive a high discount on the quoted or insured item.
The maximum NCB insurers work on and award a discount on is a 5NCB.
* Note that Window Glass & Car Radio Claims to not influence your NCB at all