“A no-claims discount can be one of the biggest factors when it comes to the cost of a policy.”
Wilson added: “The difference between zero and five [of] years no claims bonus can be significant, too, estimating 30% for one claim-free year and 60% for five claim-free years — although again, each insurance provider may be different, so drivers need to compare.
“No claims discount protection is another hot topic for discussion this year, customers need to check the details through with their insurer, get a quote with and without the additional protection for comparison, and make sure their bonus is protected continuously should they decide to switch providers.
“A recent Quotezone survey found 39% don’t read their insurance terms and conditions in full. This has never been more important, with a surge in new products flooding the market to help make insurance more affordable.”