A no claims bonus is also commonly referred to as NCB.
For each year that you drive your car (or other vehicle) in Spain without needing to make a claim on your insurance policy, you earn one years no claims bonus. This no claims bonus is sometimes also referred to as a no claims discounts Spain and in Spanish is known as prima de no reclamacion.
This is because each year you build your no claims bonus you are rewarded for your safe driving record by getting a discount off your car insurance payment.
Once you have built up a no claims bonus (NCB) of five years there are no further discounts, but at least at this stage you can often get up to 75% off the premium price that a driver without any no claims bonus would have to pay.
Often if you have a minor accident in Spain with your car it is often worth evaluating whether you should make a claim on your car insurance Spain or not.
In any event you need to consider that you will have to pay an excess which is usually around €250 anyway, but also it will mean that you will lose your no claims bonus unless you have protected it by paying an additional, but admittedly small, extra payment on top of your premium.
Is Spanish No Claims Bonus Valid in the United Kingdom?
If you are moving back to the United Kingdom from Spain you may be wondering if the no claims bonus that you have built up on your Spanish car insurance will be recognised and valid in the United Kingdom when you come to take out car insurance in the UK.
The answer to this question is basically no. Very few insurance companies in the UK will recognise your no claims bonus built up while in Spain.
Fortunately it does tend to work the other way round, in other words most insurance companies in Spain will accept the no claims bonus that you have built in another country such as the United Kingdom. However it is quite likely that they will require proof and documentation as evidence so don’t be tempted to lie about this!
Can I Protect My No Claims Bonus in Spain?
Yes it is possible to pay a small additional amount on top of your quotation for car insurance in Spain, this will enable you to protect your no claims bonus in the event of having to make a claim on your insurance policy.
This doesn’t necessarily mean that your premiums will not go up because there are other factors involved – for example car insurance premiums may just be on the rise anyway due to many other people having car accidents in Spain.
What is certain is that without your no claims bonus your premiums would be a lot higher without the discounts that you have earned.
Below we have a video explaining the meaning of no claims bonus for Spain and no claims discounts in Spain. Learn how to get cheaper car insurance through building up better no claims discounts:
We hope you have found this article on building up a no claims bonus Spain helpful and on the other pages you will find many other tips and suggestions on other ways of keeping your premiums as low as you possibly can as well as advice on how to find cheaper car insurance Spain.
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