You pay annual premium on your policy. So, In case of an accident or damage you don't have to pay the huge cost of repair. So what happens when you don't make any claim on your car insurance, Insurance companies reward you for your good driving skills, for not making any claims by giving you a bonus. This bonus is in the form of discount on your premium when you renew your policy. You can avail your no claim bonus even if you change your insurance company or your car!
There are two cases in your no claim bonus goes away!
1. When you make a claim
2. When you don't renew your policy within 90 days of it expiring
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