no claims discount

Yes - the fewer the claims you make, the higher your no claims discount will be.

The fewer claims you make, the lower your premiums will stay; some insurers now offer "no claims discounts" on home insurance policies.

National Westminster Bank has launched a commercial insurance service for small businesses which includes a customer claims charter and a no claims discount.

No claims discount (NCD) or no claims bonus (NCB) may be transferred, however, and offer substantial discounts for expatriates worldwide.

"The annual insurance cost is based on a 45-year-old male, insured as the only driver, with maximum No Claims Discount, parked on the road at NR2 3LD," an RAC spokesperson told me.

This was done without reference to the insurer concerned whose normal practice in such circumstances would have been to maintain coverage and to require payment of the full premium until proof of the no claims discount was forthcoming.