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Contributor
Posts: 31
Registered: ‎23-08-2017

Why do motor insurance premiums go up the year after a large claim?

Why do motor insurance premiums go up the year after a large claim? 

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Contributor
Posts: 25
Registered: ‎28-08-2017

Re: Why do motor insurance premiums go up the year after a large claim?

In motor insurance policies, the premium could go up after an own damage claim due to the loss of No Claim Bonus (NCB). NCB is a discount offered on own damage premium by insurance companies if the vehicle owner does not make claim during the term of the motor insurance policy