no-claims bonus

(redirected from no-claims discounts)

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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Translations

no-claims bonus

[ˌnəʊˈkleɪmz ˌbəʊnəs] nbonus malus m inv
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
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The gross written premium income of the 32 companies that reported their results declined in 2018, due to a combination of slow economic activity, the application of higher no-claims discounts for motor policies, and the departure of more than 1 million expatriates in 2018 as a result of higher taxes on foreigners and more restrictive Saudization policies.
amendments encourage renewals by enforcing no-claims discounts, it is expected
The single storm event is unlikely on its own to cause rises across the board in premiums but those making claims could find themselves losing no-claims discounts they have built up, the ABI said.
Other sports-linked professions are just as bad, with more than 70 per cent of boxers, rally drivers, jockeys and cricket umpires all without no-claims discounts, compared to an average of 45 per cent of all UK drivers.
The Healthier Solutions plan from Aviva was launched in 2009 - followed by two new excess options, in February, 2010, with options to reduce outpatient cover and introduce starter no-claims discounts of 66% for new policies.
Both home and car insurers offer no-claims discounts, typically 10 per cent off home insurance and 10 per cent for each claim-free year on car insurance.
Insurance: M&S has been accused of being more expensive, but no-claims discounts are available and it offers reductions to people who pay with either their &More or charge cards.
Andy Deller, banking and insurance director of internet bank Egg, says: 'Some look to reduce their car insurance by not protecting no-claims discounts - often a false economy.' #BRITS on holiday forget basic safety rules.
Insurance firms recognise this and reward careful drivers with a no-claims discounts. New drivers should find a firm specialising in their category.
Dial Direct has an option for drivers to protect no-claims discounts - regardless of the number of claims they make and whose fault the claim is.