No-claims discount: One of the significant points of your insurance cover is the no claims discount (NCD). Depending on your insurers, you may get a saving of up to 57.5 percent or as little as 27 percent for a period of twelve months driving with no claims

For 4 years of no claims you may reach a no claims discount of 60 to 70 percent A higher maximum is sometimes offered to older drivers. If you make a claim your NCD will be reduced, however this is decided by the insurers.In the best situation your NCD would be less 3 per cent. If you were to be below 50, this could bereduced by up to 22percent. You could pick upan even larger cut if you have to claim again within a 3 to 5 year period .

Protected noclaims discount: With a number of insurance companies, following a 4 year period , you can protect your NCD. This will cost between 10 and 15 percent of your premium. Having once protected your NCD , claiming once a year will have no effect on your premium..If you make 2 claims with some insurers it will not affect your NCD while others may reduce it as little as 45%.

Driving other cars: Some insurance companies permit the policyholder to drive other cars with thirdparty cover,during an emergency.Some insurers will allow the policyholder to drive other cars in emergency situations, with thirdparty cover.

Named drivers: Named drivers can be added to partner’s policy. They can drive that person’s car but cannot drive other cars with insurance cover. There are some insurance companies who allow named drivers to accumulate their own no claims discount.

Choice of repairer: Be careful to use the insurance companies choice of approved repairers, because if you don’t they will not pay for the repairs.

Courtesy car:Many of the insurers will provide courtesy cars, providing you have used their approved repairer.It is very helpful if your car is off the road for quite a while. However, some insurers only provide a courtesy car if you have had an accident, not if it is stolen. Other insurers will charge an extra premium for providing a courtesy car after theft.
 
Personal belongings: If your personal belongings are stolen, very few insurers will replace them with new. Most of them factor the age and state of each item before they make a decision on how much to pay.The majority of insurers factor the age and condition of the items, before deciding how much to pay out.

Medical expenses and legal protection:If you require physiotherapy or dental treatment as a result of an accident some insurers will cover this cost. Any legal costs from a car insurance claim is covered by motor legal protection.

In car audio equipment: The majority of insurers will put a ceiling on the amount of cover for audio gear not supplied by the manufacturer. This could be as little as 100 pounds, however, this varies between insurers.

Sat navs: You should always check if your sat nav is covered. Even if it is covered it may not be worth claiming. Your sat nav may not be worth claiming for although it is covered. For your first claim your policy excess may be 100 pounds but a cheap sat nav costs around this. If you claim you will lose you no claims bonus which may work out in the long run more expensive.If a claim is made you will lose your no claims bonus and this will workout much more expensive.

Age limits: They is usually a lower and upper age limit with policies. The upper limit tends to be lower if you are taking out a new policy.

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Brokers Online aims to provide its clients with a huge resource of financial information including helpful articles and Frequestly Asked Questions. If you cannot find the answer to your question feel free to post a question on our weblog.

This article has been written for publication by Brokers Online. Brokers Online offers uk residents access to many different kinds of financial products including life cover and secured loans.