I am told if I have an NCB on my current vehicle and decide to buy an additional vehicle, I am not entitled to NCB on my new purchase. It would only apply to the one car. Is this true?
Question by GORDON ROBERTS on 23rd Dec 2009 at 11:38
Gordon,
That's correct - the no claims bonus (NCB) that you are entitled to is applicable to just one vehicle at a time. If you have used your no claims discount (NCD) on a car, then you wouldn't get any discount when you insure a second or any additional cars. However if you have two sets of NCB, you will then be able to use it on two cars. This situation arises when you have 2 or more cars. When you get them insured, you will build NCB for each one separately.
Since you do not have 2 sets of NCB, you can look into multicar insurance policies which is basically a discount offered by an insurer for insuring more than one car with them. On the first car, you can use your NCB and on the second car, you'll get a discount because you're purchasing 2 car insurance policies with the same company. Note that not all insurance companies provide this discount.
Answer by Gices on 27th Dec 2009 at 12:34