Protected no claims plans in a nut shell
People often mistake protected no claims as the privilege of elite class. No doubt, car insurance falling in this genre is generally occupied by the wealthy persons of the social strata. However, there are some simple basics that can empower you to have protected no claims policies easily. To be eligible for these policies, the owner and driver of the car need to possess a no claim acclamation for at least four years. Careful driving and obeying the rules of traffic can earn you the acclamation without any hassle. In this article we will discuss about protected no claims in a nut shell.
Different insurance companies apply different set of rules for insurance policies coming under protected no claims. But in general, the insured has to pay near about 15% of the cost of the policy as premium. Hence, if you are opting for protected no claims of £1000 you need to pay a premium of £150. During calculation of the premium amount, it is generally calculated in gross after deducting the applicable deductions. Then the insured has to make sure that he/she is not going to make more than 2 fault claims for three consecutive years after being insured. If there is more than two claims, the owner or the driver ceases his/her right on the claim on protected no claims.
Online purchasing is one of the most cost effective ways to find protected no claims insurance policies according to your need and budget. There are scores of insurance companies competing with each other in a healthy manner to sell protected no claims insurance policies. Hence, while purchasing these policies never forget to compare between quotes of multiple companies. It ensures a better deal and a policy that matches to your needs and budget.
