Square Insurance

When renewing your car insurance policy, one of the most rewarding terms you’ll come across is NCB in motor insurance – also known as No Claim Bonus . It’s not just a technical insurance jargon but a valuable discount that can help you save up to 50% on your car insurance premiums . In 2025, as insurance costs continue to rise, understanding what NCB in motor insurance is, how it works, and how you can retain it can make a big difference in your yearly expenses. Let’s explore in detail. What is NCB in Motor Insurance? No Claim Bonus (NCB) is a reward given by your motor insurance company for not making any claims during your policy year. It acts as a discount on the own damage (OD) portion of your premium when you renew your policy. This means that if you drive safely and avoid accidents, your insurance company acknowledges your responsible driving by offering you a discount of 20% to 50% on your next renewal premium. For example, if you haven’t made any claims in the previous year, ...