There are concessions that are given to special policy holders. So what makes some policy holders special in this sense? They are considered special because they do NOT cost their insurers much to maintain. Call it a selfish ploy by insurers but getting into this class will definitely make it much easier for you to get a very affordable auto insurance rate. So let’s look at one case…
Do you know that you will be entitled to what’s known as the NO Claims Bonus if you do NOT file any claim for over three years or five years (depending on your insurer — Your agent should be able to tell you eligibility requirements for you particular provider)? Your insurer wants to encourage you to be as careful as you’ve been and so they give you some serious discount just because you have NOT filed a claim for such a long period.
Therefore, make sure you only file claims when they are for serious matters. If it’s a petty issue, you might be better off handling it if you know you are within any distance to getting this NO claims Bonus.
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