no-claims bonus

US /ˌnoʊ ˈkleɪmz ˌboʊ.nəs/
UK /ˌnoʊ ˈkleɪmz ˌboʊ.nəs/
"no-claims bonus" picture
1.

a reduction in the cost of your insurance because you have not made any claims

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I got a significant no-claims bonus on my car insurance this year.
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To maintain your no-claims bonus, you should avoid making small claims.
:
no-claim discountsafe driver discount
:
bonusclaimbaggage claimclaim someone’s life