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Car Insurance Policy- Make a Claim Free Record
By James Tam on December 4th, 2007
If you are able to keep a claim free record the insurance company will reduce the cost of your insurance policy. Hence you will be provided a no claims bonus which will get you a premium discount at renewal. A complete no claims bonus is characteristically rewarded by reducing insurance premiums by a whopping 60%, there are many insurance companies which may provide even higher discounts. But maintaining a claim free record is not very easy. Accidents caused by third parties will normally have no impact as long as their insurer picks up the bill. Even after protecting no claims bonus you should not be less careful than before because the insurance company will still take your claims history into account when setting your premiums for the following year even if your discount is protected. If you want to make your car insurance premium low then the best way is avoid making a claim. Visit many insurance agents to get the right one, because every insurer prices the policy in a different way so you have to make efforts to get the best deal.
Read: fool.co.uk
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