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Zero Claims or UBI: Who’s the Better Driver?

I wrote an article last week about how LexisNexis has created a database for insurers in the UK that automates the no-claims discount system of automobile coverage across the pond. Apparently, motorists in the UK have been known to exaggerate their driving record when applying for insurance coverage with a...

By Robert Regis Hyle | Updated on February 19, 2013

I wrote an article last week about how LexisNexis has created a database for insurers in the UK that automates the “no-claims discount” system of automobile coverage across the pond. Apparently, motorists in the UK have been known to exaggerate their driving record when applying for insurance coverage with a new carrier. Imagine that.

Delving deeper into the article, it seems that drivers with zero claims on their record for an extended period of time can earn significant discounts on their premiums. A driver with no claims over the previous five years can earn as much as 75 percent off the typical premium.

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