budget direct car insurance faq
FAQs. Market Value is the reasonable cost to replace your vehicle with one of the same make, model, age and condition at the time itâs stolen or damaged.our No Claims Discount (NCD) is a discount on your car insurance premium. Itâs based on how long youâve been driving and your claims record. As you accumulate more years of driving without making a claim, you receive a discount on the full-priced premium until it reaches a maximum discount (also known as 'Rating 1').