Do you know your car's MoT and mileage history? Our user profiles will show you for FREE | No thanks
Ask a Question

Is it worth paying £17 to protect 14 years of no claims bonus when renewing my insurance?

Is it worth paying £17 to protect 14 years of no claims bonus when renewing my insurance?

Asked on 20 March 2017 by Evan Shard

Answered by Tim Kelly
It's all down to personal choice and how likely you think you are to have an accident. The loss of no claims bonus can dramatically affect the premium you pay now and future premiums. If you commute to work on a daily basis by car you would be a lot more likely to have an incident than If you use your car occasionally and through the day time and it makes a lot more sense to protect it. If the sum of money is low to protect it, it is worthwhile.
Similar questions
I currently have an Audi A6 TDI 190 and I'm nearly halfway through my PCP. I'm considering swapping for an A4 Avant, but is the TFSI petrol (252 Quattro) a good choice over the 190 diesel? I do 12,000...
At my car service today, the timing belt was ticked as okay but by the side it says 60,000 miles. The garage has told me that I need a new timing belt. Do I really need to pay £100 - £200 for a belt? Is...
I took my 2005 BMW to a reputable garage for a MoT and was surprised that the overall time to pass the test (one advisory - split rear tyre) was about 35 minutes. Should I be suspicious of this or should...

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £9,304.93

Total cost of credit £1,804.93


60 monthly payments

Apply now

Representative example

The Representative APR is 13.2% (fixed) so if you borrow £7,500 over 4 years at a rate of 13.2% p.a (fixed) you will repay £199.21 per month and repay £9562.20 in total.