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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

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