What is a no claim bonus? I got my new car insured but it got scratched. What is more beneficial: getting this small claim or a no claim bonus next year?No claim bonus is a discount in premium given at the time of renewal of the policy if the insured does not file any claim of insurance during the last year. If you make a claim this year, you cannot get no claim bonus next year and will have to pay the same or a higher amount of premium next year. In your case, you can choose not to file for claim. Motor insurance is basically done to cover the cost of damages and it makes sense not to worry about the discount in premium if the damages exceed the savings made in premium by getting a no claim bonus.
