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 ?
Some insurance providers may offer you a no-claims discount if you renew without having made even a single claim in the previous year.
If you make a non-fault claim, it is possible you will lose some or all of any no-claims discount you have accrued over the years.
My car insurance policy was cancelled without my knowledge as I hadn't sent off details of my no-claims discount.
This safety net for insured drivers means they can claw their lost no-claims discount back, but this tends to take several months due to the legal processes.
Joining a Neighbourhood Watch scheme could reduce costs by 5% and building up a no-claims discount for five years could save as much as 50%.
At RSA, if you have been driving in a country where a structured no-claims discount system operates, you can get a discount even without any documentary proof.
pounds CHURCHILL Home Insurance are offering a 50 per cent discount to new customers who have five years no-claims discount.
Using a driver profile of a 27 year old female with a clean driving licence and with three years no-claims discount, prices included about pounds 12,000 to insure a Mitsubishi i-MiEV and pounds 3,499 for a Nissan Leaf.
Age brings experience, so there is no ageism in having lower premiums for more mature drivers, hence the year's no-claims discount.
I feel that what they should do is have a system where they get a decent rate to start with and if they have any problems then increase the rate, but if they kept a clean sheet from day one until they build up a no-claims discount they shouldn't have to worry about it.
If new, usually young, drivers get a small, cheap car for the first couple of years, they can build a no-claims discount of 40-45%.
Then they quoted me pounds 1,080, which they said was their final word, even though I have 11-year no-claims discount.