What is Admiral's policy on no claims bonus?

Admiral Insurance Company has a policy regarding no claims bonuses that rewards customers for maintaining a claim-free driving record. A no claims bonus is a discount on premiums granted to policyholders who have not submitted any claims during a specified period, typically a year. This incentivizes safe driving habits and encourages policyholders to be responsible on the road. Typically, the longer one goes without making a claim, the greater the discount can become. For instance, a policyholder may benefit from a percentage discount off their premium for each claim-free year, potentially leading to significant savings over time. However, it is important to note that if a claim is made, this bonus can be reduced or lost entirely depending on the circumstances of the claim and the length of the no claims history prior to the incident. Admiral may also offer the option to protect the no claims bonus for an additional premium. This means that even if a policyholder makes a claim, they may still retain their no claims discount. For the most accurate and detailed information regarding specific terms and conditions, it is advisable to refer to Admiral's website, where current policies and updates will be outlined.