How important is my claims record in the cost of my car insurance?

You may receive a discount on your premium for each year that you remain claims-free, to a maximum of 5 or 6 years. The method and amount of discount varies from company to company. Some companies will ‘forgive’ a minor claim and not change your no-claim status. If you are at fault in an accident, your premium may return to the company’s standard rate until you build up a claim-free record again. If you change insurance companies, your premiums will likely reflect your claims record with your previous insurer. You should also be aware that your premium could increase if another driver is at fault in an accident while driving your vehicle with your permission.