Car Insurance Jargon

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Named driver - A driver specified on an insurance policy who is not the vehicle's owner. Named additional drivers are a cheaper option than any driver insurance.

No claims bonus - A no claims bonus (or NCB) is the discount that you have earned on a previous insurance policy. Insurers give discounts determined by the number of years that you have not had claims. The No Claims Bonus must be earned separately on each policy or on each car.

Non-cancellable - A contract that the insured has the right to continue in force so longs as premiums are paid. The insurer cannot make changes to or revoke the insurance during this time.

Non-fault claim - A non-fault claim is a claim where the insurance company is able to recover all the costs from another party.