No-Claims Cashback™ is a reward for safer driving and lower claims, in the form of a rebate on your policy premiums paid.
When you make smaller or less claims in a policy year, you receive No-Claims Cashback™ as a percentage of policy premiums at the end of the policy year, less penalty deductions for any own-damage claims made in the group.
Here’s how it works:
Note: Your No-Claims Cashback NEVER falls below 0 – you will never need to pay more than what you already paid for in your policy premium.
Let’s see a few examples: