BMW 330D
This is in my policy wording, does it mean if you go from 2 years ncb to 3 years your renewal is 50 percent cheaper?
No claim bonus
If a claim is not made under this insurance during the periods shown below, we will reduce yourrenewal premium as follows:
Number of years with no claim Reduction
From 60% to 40%From 50% to 30%
From 40% or 30% to nil
If two or more claims are made in any period of insurance, you will lose your no claim bonus. If morethan one vehicle is covered by this insurance, we will assess the no claim bonus for each vehicle.If your vehicle is written off, and you transfer the insurance to a replacement vehicle, we will not
transfer any no claim bonus unless we agree otherwise.
One year 30%
Two years 40%
Three years 50%
Four years 60%
If only one claim is made in any period of insurance, and if the terms and conditions do not change, anyno claim bonus which you have earned will be reduced at your next renewal as follows.