NCD (No Claims Discount) is a discount offered to drivers with no claims or accidents over a certain period of time. In Malaysia, NCD is calculated based on the discounts offered by different insurance companies. Generally, the NCD scale starts at 0%, which means that the driver has had at least one claim or accident in the preceding number of years, while the highest discount is 55%, which is awarded to those who have had no claims or accidents over the last 5 years. Your NCD discount can also depend on the type of vehicle you have, as some insurance companies offer higher discounts for certain types of vehicles, like cars or motorcycles.
To get a NCD quote, you will need to contact your current or preferred insurance provider. They will assess your driving record and offer you a NCD estimate based on the information you provide. It is important to remember that the NCD discount you receive is not necessarily the same across different insurance companies – you should always compare rates and discounts offered by different companies.
