What does bonus protection mean?

Your discount may be reduced or lost if you make a claim or a claim is made against you, even if you were not at fault, such as if your car was stolen. Some insurers will allow you to pay a sum that guarantees all or part of your no claims discount. The options available are usually Step back bonus protection or Full Bonus Protection. Depending on the insurer, you may be able to choose either, thereby protecting your no claims discount.