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 ?
I get loads of people contacting me about no-claims bonuses after winter crashes.
The CMA said drivers should get better information about protecting 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.
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.
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.
More than 50,000 of us a year are forced to claim on our own policy after a smash with an uninsured driver - losing no-claims bonuses worth on average pounds 400.
If household and other policies also attracted the same no-claims bonuses of motor premiums, surely fewer people would claim to get some value for money from their cover.
Direct Line is the first major insurer to offer to safeguard no-claims bonuses and not demand drivers pay their excess.
That might not sit comfortably with people who do not have protected no-claims bonuses but it is common among all forces.