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Why am I being charged to decrease my no claims bonus?
Why am I being charged to decrease my no claims bonus?

Charged for reduction on no claims bonus

James avatar
Written by James
Updated over 4 years ago

The Insurer will charge you an additional premium if the no claims bonus needs to be reduced during the policy term as they will have given you a discount for the years you have be driving claim free.

Β If they were aware of the correct number of no claims years prior to inception they will have offered a different policy premium.

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