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How to Save Money While Buying New Car in 2021 - Great Tips to Save on Insurance - YouTube
Channel: Arun Panwar
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Hello Brothers, I am Arun Panwar
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How to Save Money While Buying New Car in 2021
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How to use NCB of old car insurance to reduce new car policy premium
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The No Claim Bonus (NCB) is given to the policy owner and not to the insured vehicle.
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NCB is the benefit that accrues to the insured/policyholder if no claims are made in a vehicle insurance policy during the policy period.
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How is the NCB claimed on new car insurance policy?
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NCB is given to the car policy owner, not the car
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You can transfer NCB of your old car insurance policy to a new car insurance policy when you are selling your old car or have sold your old car.
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Tips to Save on Insurance
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You would have claimed the NCB discount on the OD part of the insurance premium when renewing the car insurance policy for another year
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