How Can We Help?

Categories

If I cancel my policy, will I lose my no claims discount?

You are here:
← All Topics

You won’t lose the discount completely, unless you’ve made a claim – but it will stay the same as when you joined New Driver.

No claims discount (NCD) is awarded for each full year of insurance, so if you cancel mid-way through the year your no claims discount will not increase.

For example, if you joined New Driver with no previous no claims discount and cancelled 6 months into your policy having had no accidents, you will start at zero no claims discount for your next policy.

Table of Contents
© Collingwood Insurance Services UK Ltd 2021. All Rights Reserved. Collingwood Insurance Services (UK) Limited. Registered in England & Wales
(Reg. No. 4174235) Collingwood Insurance Services (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) Registration no. 310870. ICO Registration no. Z7099126