Van insurance uk quotes online - Commercial vehicle cover

It is always useful to build up and preserve a no claims discount on your van insurance policy as motorists with a full no claims discount can make substantial savings on their insurance premiums. Once you have a no claims discount consider paying extra to protect your bonus against loss in the event of an accident. If this is possible with your insurer it could save you considerable amounts of money at the time of renewal if you are unfortunate enough to have an accident. If you do make a claim and have not protected your bonus your no claims discount is usually reduced by two years.

If a claim has to be made under your policy your discount will always be affected unless your insurer can recover its costs from another responsible party. If your insurance company can recover their costs or is only stopped from doing so by a agreement they have with the other insurer involved in the incident , you may not lose your no claims discount. In the same way if you are able to recover your uninsured losses yourself including your accidental damage excess your discount may not be affected.

However your no claim discount can still be reduced when you come to renew your insurance if your insurer is expecting a claim to come in or a claim is in the process of being settled. If this does happen your no claims bonue can be reinstated if your insurance company does not have to pay out on your policy. To avoid the risk of losing you no claims bonus in the event of an accident ask you insurer how much it will cost to protect your no claims bonus, it is normally a relatively small amount in relation to what it can save you on the cost of you policy.

Van insurance uk - No claims discount