Did you know that you could actually get discount on the premium of the insurance for your vehicle by not making any claims? And this actually helps in gaining cheap auto insurance with all the benefits and coverage of full fledged insurance policies.

Insurance companies allow the insured to avail a no-claims bonus (NCB) discount on premiums of auto insurance when they do not lay claim for that financial year. The discount does vary from company to company. But speaking in potential terms, a NCB discount over a period of 5 years can bring down the premium by 60-70% making the phrase cheap auto insurance really meaningfulful. The idea behind this is not only to ensure that the customers renew the policy each year, but avoid claiming unreasonably and unnecessarily and then benefit through discounted premiums. The period of NCB also differs from company to company for instance some companies may provide the discount for 5 years only after which the regular premium becomes applicable while some may extend the discount for a further 2-3 years after the initial 5 year deal. These terms are generally specified at the beginning of the insurance plan and since when you are shopping for new auto insurance, you must find out about no-claims bonus option.

Are You Confused About Open Enrollment for Health Insurance?
views 140
If we don’t have it, we are fined hefty fines come tax season. For those of us looking to buy a health plan that fits our lifestyle and budget, the health insurance marketplace can be a confusing place. When people hear that open enrollment begins November 1, they are often not sure what they must do between now and January. What’s So Confusing? ...

However no-claim bonus should not be misunderstood for no-blame / no-fault bonus, in the sense that irrespective of which fault it is or who was to blame for the accident once you lay a claim you will lose the NCB option. For instance if your car is stolen when you were out of town and you make the insurance claim, you lose the no-claims bonus. There are some companies that provide NCB protection for additional fees, but this being a new concept it is treated differently by various companies and should be made clear right from the beginning.

How to Get Classic Car Insurance in Arizona
views 208
Arizona is the home for classic cars, with the nice dry weather and many retirees living in the state. Many classic car and muscle car owners are older men, the baby boomers that fueled the muscle car craze in the late 1960's and early 1970's. They want their old cars that they once drove (and raced), now that they are retired and can maybe spend t...