no-claims bonus

British

noun

Also called: no-claim bonus. a reduction on an insurance premium, esp one covering a motor vehicle, if no claims have been made within a specified period

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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no-claims bonus

Many insurers also offer a no-claims bonus if ships manage to make a trip unscathed, so sometimes ship owners get some of that premium back, he added.

From MarketWatch ● Jun. 26, 2026

Taught by his father to drive in the 1960s, Mr Bloom said he had accumulated a "40-year no-claims bonus".

From BBC ● Nov. 26, 2013

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023