no-claims bonus

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no-claims bonus

n
(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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References in periodicals archive ?
This correlation was similar to that between factors such as age and no-claims bonuses.
Last year's regulation from the UAE Insurance Authority introducing no-claims bonuses has also had an impact, as safer drivers begin to be rewarded with discounts on premiums for policyholders with claims-free records," said Avinash Babur, CEO of InsuranceMarket.ae.
Customers have been left worried about reimbursement and are unable to acquire necessary documents from Olympic Insurance, such as proofs of no-claims bonuses.
I get loads of people contacting me about no-claims bonuses after winter crashes.
Who knows, drivers might think twice about putting themselves and others in dangerous situations if their stupidity is going to affect their no-claims bonuses!
Another advantage of signing up for this programme is the potential of lower motor insurance costs, as many insurance companies are prepared to offer IAM members lower premiums and higher no-claims bonuses. James Bailey of Goodyear said: "As a world leader in advanced tyre development, Goodyear has long been at the forefront of efforts to encourage safer driving on our roads.
Motorists spend pounds 336million a year on repairs rather than forfeit no-claims bonuses.
British motorists face a pounds 336 million accident repair bill over the next 12 months simply to protect their no-claims bonuses.
According to official police performance figures, the chances of car criminals being caught is extremely remote and motorists who claim can expect to lose no-claims bonuses worth hundreds of pounds and to pay a fair proportion of the claim themselves anyway.
Mr Mace said: "People don't realise that a few extra seconds spent securing their car can save them literally hundreds of pounds in lost no-claims bonuses and excess payments, as well as a great deal of inconvenience."
The CMA said drivers should get better information about protecting no-claims bonuses.
An online You Gov poll found that apart from the incremental price increases for a policy, 68% of motorists in an accident with an uninsured driver had to incur liability and either pay for the incident themselves (19%) or claim on their own insurance (49%), potentially jeopardising no-claims bonuses.