What is the difference between a No Claim discount (NCD), No Claim bonus (NCB) and Rating 1?

The terms No Claim Discount (NCD) and No Claim Bonus (NCB) have the same meaning – they both refer to a discount on the premium you pay for your car insurance. Whether or not you are awarded a NCD, and the amount of that discount, will be based on how likely it is that you will need to make a claim on your insurance.

About Rating 1

The scale used to calculate the level of risk that you will make a claim is linked to your driving history – i.e. the number of years you have been driving safely, and how many claims you have made in the past. As you gain more years of claim-free driving you will be offered a greater discount on your premium, until you reach the maximum discount amount. This maximum discount is called 'Rating 1'. Rating 1 can save you hundreds of dollars on your car insurance, year after year.

No Claim Discount Protection

With 1300 Insurance Comprehensive or Gold Comprehensive Car Insurance policies you have the option to purchase No Claim Discount Protection. This allows you to protect your valuable NCD even if you need to make a claim on your insurance. If you select this option with either of our comprehensive car insurance policies you are entitled to make one car insurance claim per 12-month period, or up to 2 claims in 3 years, without affecting the level of your NCD. Should you need to make more claims during that period your NCD will be reduced the next time you renew your policy.

Rating 1 for Life

With a Comprehensive or Gold Comprehensive Car Insurance policy from 1300 Insurance we offer an even more valuable feature: 'Rating 1 for Life'. You will automatically qualify for this great benefit if you take out No Claim Discount Protection and hold your policy continuously for 2 years without making a claim. Once you qualify for Rating 1 for Life you will automatically retain your Rating 1, regardless of how many claims you need to make, for as long as you continue to hold your 1300 Insurance policy with No Claim Discount Protection.

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1300 Insurance's car and home and contents insurance is offered by 1300 Insurance Pty Ltd (ACN 124 845 727; AR No 327609) as an Authorised Representative of Auto & General Services Pty Ltd (ABN 61 003 617 909; AFSL 241411). Auto & General Services arranges the insurance on behalf of the insurer, Auto & General Insurance Company Limited (ABN 42 111 586 353; AFSL 285571). Because we don't know your financial needs, we can't advise if this insurance will suit you. You should consider your needs and read the Product Disclosure Statement and Financial Services Guide before making a decision to buy insurance. Not available in NT.