How long is no claims bonus preserved?

mawallace

I am a company car driver with a full no claims bonus up to when I was given the car early this year. Does anyone know how long I will retain the benefit of the no claims i.e if I get my own car in three years time, will I have to start all over again?

If so, how long before I lose it?

My wife, who also has a full no claims bonus, wondered if
i. In year one - I take out a policy to take insure her car and then
ii. Year two - She insures again
and so on if that might keep both our no claims bonus alive?

Quentin

Your alternating each year plan will work.

Up to 2 years "old" is currently the norm for most companies.

Aretnap

Currently Co-Op will accept NCB up to 3 years old but they're very much the exception and there's no guarantee that they won't change their policy in the future. 2 years is the norm.

Alternating between you and your wife as policyholders is the way to go.

jaybeetoo

Many insurance companies will let you use the years of no claims for your company car for when you next take out your own policy again.