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November 23, 2007, Newsletter Issue #92: Rewarding Exceptional Drivers: the Car Insurance No-Claims Bonus
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Tip of the Week
If your driving record is clean -- no traffic or moving violations -- you may be eligible for a no-claims bonus on your comprehensive car insurance policy.
The discount is given as follows: * 20 percent for the first year; * 35 percent for the second year; * 50 percent for the third year; * 65 percent for the 4th year (which is the maximum rate)
If you buy a new car, you can transfer your no-claims auto insurance bonus from the current insurance policy to the new one.
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