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no-claims bonus

   Also found in: Wikipedia 0.01 sec.
no-claims bonus
n
(Business / Insurance) a reduction on an insurance premium, esp one covering a motor vehicle, if no claims have been made within a specified period Also called no-claim bonus
Translations
no-claims bonus [ˌnəʊˈkleɪmz ˌbəʊnəs] nbonus malus m inv


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He did so and received in reply a letter informing him that his no-claims bonus had been reduced and his premiums increased by £240.
So it's worth paying extra for a protected no-claims bonus.
It has cost me hundreds of pounds to get the damage fixed and I have lost my no-claims bonus as well.
 
 
 
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