Your personal financial questions – is additional no-claims protection worth it for my car insurance?

Q I was with my car insurance company recently and they asked me if I wanted to keep my full no-claims protection on my policy. I’ve never had a claim in 25 years of driving so I turned it down as it saved me €50. Now I’m wondering if it was the right thing to do. Is it worth having some level of protection?

A The main reason for the surcharge for no-claims protection is to protect your no-claims or claims discount. If you have never made or had a claim on your insurance, it is understandable that you would be reluctant to continue paying for a product that you have never benefited from, according to Insuremycars.ie Managing Director Jonathan Hehir.

https://www.independent.ie/business/personal-finance/your-personal-finance-questions-is-it-worth-paying-for-extra-no-claims-cover-on-my-car-insurance-42013488.html Your personal financial questions – is additional no-claims protection worth it for my car insurance?

Fry Electronics Team

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