Auto Insurance Discount Berkeley, California CA

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Reader’s Question:

Am I eligible to receive a discount for having no claims to my car insurance company in Berkeley, California?

Scott

Berkeley, CA

If you haven’t made a claim before or you have driven a long time without a claim, car insurance companies will see you as someone who is less likely to make claim in the future. You will be rewarded for not making a claim and being a person who is increasingly less likely to make a claim. With a reduction in the cost of your car insurance cover, you will be eligible for a “no claims bonus” or “no claim discount”. Your “no claims” discount is a percentage of the calculated premium and can be built up year by year. Each year you will be rewarded for having no claim.
Every car insurance company has its own calculation for the exact discount on premium or ‘bonus’ that can be provided. There is a fairly typical no claim bonus schedule that gives an indication of the amount of discount you could expect to receive. A no claims bonus is applied at the start of a policy and it varies from one insurer to another. But typically, it will be between 60-75% over five years and is applied as a discount on car insurance premium. There are auto insurance companies that offer no claims bonus beyond 6 years of claims free policy years.

For more details on your current car insurance company’s particular regarding no claims discount scheme, contact your Berkeley, CA agent or insurance company.

 

 

Tags: auto insurance, Car insurance discounts