No Claims Bonus (NCB)

Also known as No Claims Discount.

NCB is offered to drivers by insurance companies as an incentive to make fewer claims. The higher the number of years a driver has without making a claim, the higher the discount offered on their premium. It is possible to choose an insurance policy that offers protected no claim bonus, which means that one (or even two) claims within a given period will not affect the insured parties NCBs.

See also Motor Insurance.