How much could a decent no claims discount build up to?
You should start to see reductions after a year or two, but around the five year mark is when you’ll probably start seeing the biggest discounts. Reductions will vary between providers so it’s worth checking what each provider offers.
There’s no standard maximum number of years that you can accrue in no claims, some insurance providers will cap it at five years, others nine and we will even let you input 25+ year within our comparison service. But if you do have an accident and you’re at fault, then your established no claims discount could come tumbling down. In many cases your number of years no claims will be reduced (sometimes called ‘stepping back’) rather than being wiped out in one go.
Even if you claim for an accident where you’re not to blame, your no claims discount could be affected unless you’re able to reclaim all costs from the person who was at fault; in which case it might not. Minor repairs like windscreen chips and scratches, will probably not affect your NCD, but make sure to check your policy just in case.