Blog / Motorcycle Insurance
Motorcycle NCD Protector. What is it and should you get
There are a multitude of reasons to ride safely – but a bonus from your insurance company is the cream on top.
No Claim Discount Explained
If you’ve been insured by Budget Direct Insurance for the last 12 months and you do not make any claim under your policy during that period, you will automatically get a 10% discount when you renew your policy.
This No Claim Bonus (NCB) or No Claim Discount (NCD) only gets better with time – after two years claim-free you get a 15% NCD, and three or more years claim-free gets you a 20% NCD.
That’s quite the bonus for riding safely.
If there is a claim made under your policy, your NCD will revert to 0% upon renewal.
If you fail to report an incident within 24 hours or the next working day, your NCD will be reduced (from 20% to 15%, from 15% to 10%, or from 10% to 0%) upon renewal.
On the bright side, if you have an existing policy and a No Claim Discount and you replace your motorcycle, you can carry that NCD over to the policy for the new motorcycle. Note, the NCD can only be applied to one bike at any point of time.
Your NCD is something you don’t want to lose if something unforeseen happens. You’re potentially saving up to 20% on your premium, and all it takes is a moment of inattentiveness leading to an insurance claim, and that discount could be lost.
If your NCD is 20%, there is a way to preserve your NCD by opting for the NCD Protector under Optional Cover. The NCD protector allows you to keep your No Claim Discount if you make no more than one claim within the policy period.
Consider it insurance against your insurance premium increasing.
Tips for Safe Riding
While opting for NCD Protector will help you preserve that hard-earned discount, you can help yourself by following some general guidelines.
Before you ride:
- Check for any oil or fluid leaks
- check the oil level
- Make sure the chain is properly lubricated and adjusted
- Ensure the throttle opens and closes freely – it should return to idle position without any rider input
- Squeeze the brake levers, they should reach a point where you can’t squeeze further. If that is at the handlebars, or they can move past the initial resistance point, get them serviced.
- Ensure the tyres are inflated to recommended pressures
- Check the tyres for damage – a nail may lead to a slow leak, or to complete failure
- Before you ride off, ensure the headlights, tail and brake lights, and indicators are working
Safety tips on the road:
- Be aware that brightly coloured or fluorescent safety gear increases your chance of being seen by other road users
- Do not ride when under the influence of alcohol
- Avoid riding when exhausted – studies show that rider fatigue is a significant cause of accidents
- Obey the road rules – other road users do not expect to see a motorcycle travelling at excessive speed when merging or turning
- Expect other road users not to see you at all – ride defensively
- Riding in a lane position in the right hand tyre tracks of traffic increases your visibility to other road users, and decreases your chance of skidding on oil patches
- Keep an eye for telltale shiny oil or diesel on the roads and avoid hard braking or swerving if it is not possible to avoid them
- Avoid riding in the blind spots of other vehicles – as a rule-of-thumb, if you can see a driver’s face in their rear-view mirrors, they can see you
- If you do choose to lane split, exercise caution
- Always leave a two-second gap between yourself and the vehicle in front. On wet roads, or if another vehicle is tailgating you, increase that to four seconds.
- Be especially vigilant on wet roads – motorcycles do not stop as fast as cars in these conditions, and sharp rider inputs are more likely to lead to spills
By riding sensibly and safely, you reduce the chances of having an accident. If the worst does happen, opting for the NCD Protector means that even if you do have to make a claim, your NCD will be protected.