No Claim Discount or NCD for short, is a discount given for vehicle insurance premiums by insurance companies in Malaysia which acts as a reward/incentive for owners with good driving behaviour. NCD is such a crucial part of vehicle insurance policies because it determines how much money one has to pay when renewing their insurance every year.
Hence, learning how to check the NCD (also known as No-Claim Bonus (NCB) by some people) is of grave importance. So, we’ve put together this step-by-step guide with illustrations telling you exactly how you can check it online for free. Read on to find out more.
NCD rates for vehicles
The NCD rates for all vehicles, private and commercial, are set by the Persatuan Insurans Am Malaysia (PIAM), and every car insurance company in the country follows it. The NCD rates for new vehicles usually start at zero in the first year of purchase and gradually accumulate over time.
If no claims are submitted or made against the policy, private car owners can enjoy a maximum discount of 55% (from the sixth year onwards), while motorcycle owners get a maximum discount of 25% (from the 4th year onwards). Here’s a table containing the NCD rate for private cars, motorcycles, and commercial vehicles in Malaysia:
How to check your NCD?
You can check your NCD rate easily online through a website called MyCarInfo. This site lets you check details, such as your next NCD percentage, NCD effective date, and policy cover period, among others for free. Here’s how you can get these details in mere moments.
- Step 1: Visit www.mycarinfo.com.my
- Step 2: Click on the NCD Enquiry option on the homepage
- Step 3: Click on the “Find Out Your NCD Online” button on the NCD page
- Step 4: Key in your Vehicle Registration Number and ID Number (NRIC), then check the box to accept the terms and conditions as well as the “I’m not a robot” CAPTCHA.
- Step 5: After keying in all the required details, click “Get My NCD Report” to view your NCD rates and other details.
The generated report consists of key details on your vehicle’s NCD such as:
- Next NCD Percentage
- Next NCD Effective Date
- Current Policy Period of Cover
- Current NCD Percentage
- Current NCD Effective Date
These details can provide a quick view of the discount that you will get for the following year and then the insurance renewal date. Checking this report from time to time helps people maintain safe driving to continue enjoying the NCD.
Besides, it can also provide a sense of security for vehicle owners to check if there are any unauthorised claims submitted against their policy, especially if multiple drivers use the same insured vehicle. Remember to share this article with your friends and family who may need help to check their NCDs on the go.
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