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no-claims bonus
noun
- a reduction on an insurance premium, esp one covering a motor vehicle, if no claims have been made within a specified period Also calledno-claim bonus
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Example Sentences
The insurer even allows renters to earn up to five years' no-claims bonus while driving someone else's car, providing they drive more than 30 days in a year, he says.
From BBC
But as telematics goes mainstream, regulators are likely to impose standards to allow data to be transferred between insurers in the same way as a no-claims bonus can be today, he believes.
From BBC
It also said consumers needed better information on no-claims bonus protection insurance.
From BBC
No-claims bonus information will also have to be clearer, the regulator said.
From BBC
Taught by his father to drive in the 1960s, Mr Bloom said he had accumulated a "40-year no-claims bonus".
From BBC
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