no-claims bonus
From Longman Dictionary of Contemporary EnglishRelated topics: Insuranceno-claims bonusˌno-ˈclaims ˌbonus noun [countable] BFIin Britain, a reduction in the amount that you have to pay for car insurance, because you have not claimed any money during a particular periodExamples from the Corpusno-claims bonus• Shouldn't we, therefore, be entitled to a no-claims bonus?no-claims bonusno-claims bonusBritish EnglishBFITTC a reduction in the cost of your car insurance when you do not make a claim in a particular year → bonusExamples from the Corpusno-claims bonus• Shouldn't we, therefore, be entitled to a no-claims bonus?