How much 1 year no claims bonus worth in Australia and UK, 1 year no claims bonus gives 20% to 30% discount saving $160 to $450 per year on comprehensive car insurance $800 to $1,500 per year, with 1 year claim-free discount 20% to 30% off base premium $1,000 = $200 to $300 saving, premium $700 to $800 versus $1,000 without bonus. No-claims bonus, also called no-claims discount NCD, is discount for claim-free years, with 1 year no claims 20% to 30% discount, 2 years 30% to 40%, 3 years 40% to 50%, 5 years 50% to 60%, 6+ years 60% to 70% maximum. For example, comprehensive base premium $1,000 per year for $20K car with 0 years no claims, with 1 year no claims bonus 20% discount = $800 premium saving $200 per year, with 1 year 30% discount from some insurers like Budget Direct, Youi = $700 premium saving $300 per year. Factors include insurer, with Budget Direct 20% for 1 year, NRMA 20%, Allianz 20% to 30%, Youi 20% to 30%. So 1 year no claims bonus worth 20% to 30% discount saving $160 to $450 per year on comprehensive $800 to $1,500, with base $1,000 premium saving $200 to $300, premium $700 to $800 with 1 year bonus versus $1,000 without, with 1 year bonus first step to building 50% to 60% discount $400 to $900 saving after 5 to 6 years claim-free.
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