Average car insurance premium drops £745 with one-year no claims discount

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  • Average car insurance premium drops £745 with one-year no claims discount
  • The average driver pays £2,304 a year for cover without a no claims discount 
  • But this drops steeply once motorists start racking up these savings 



Car insurance premiums now fall by £745 after just year of having a no claims discount – the highest figure on record.

No claims discounts (NCDs) are reductions in premiums that insurers grant when customers reach yearly milestones of not claiming on a policy. 

The average driver’s 2023 car insurance bill fell from £2,304…

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