10 Month Inusrance Policy = 1 year NCB

[anonymous-user]

I took out this policy about 10 months ago as it was cheaper (stupid yes). It gives a year of NCB when the 10 month policy is up. I suspect this bonus is now only valid with said insurer but I just want to check.

I now have 2 years NCB with my current insurer, but in the eyes of any other insurer I believe I still only have one year. Is that right?

However, this is not such a problem when you look at my quotes below.

Renewal quote: £614 (still only a 10 month policy)
Other insurer with 1 year NCB: £636 (12 month policy)

New policy is better value, even with only 1 year NCB.

Other insurer with 2 year NCB: £575 (12 month policy)

So basically I shall be cancelling the renewal and going to a different insurer. I know I probably cannot say I have 2 years NCB, but in the interest of saving £61 I thought I would ask you folks.

[snorkel sucker]

The elephant?

Think yet count as whole years, but worth double checking with alternative insurers.

They will want proof from your old insurer anyway so if te certificate says 2, then it's 2

[Defcon5]

You have whatever amount of NCB it says on the renewal. I had 10 month accelerator policies for years, it gives you a full transferable NCB

[Addymk2]

My misses had this dilemma. It's worth ringing around as some other insurers will count it where as others will just chin it off and you have to start again. It's usually in the small print on your policy.

[Slagathore]

Defcon5 said:

You have whatever amount of NCB it says on the renewal. I had 10 month accelerator policies for years, it gives you a full transferable NCB

I had the same. Was with Bell for about 4 years, and had a proof of no claims for 4 years.

It doesn't actually say on the proof of no claims sheet if it was built up on a 10 month policy or a 12 month policy. Or at least I don't think it did.

Got insurance now with another company and they accepted it fine.

[anonymous-user]

Great news, it says 2 as you would expect. I just didn't think it was transferable, that's all. Question now is, is it worth staying on the accelerator for 10 months at £614 or going for the 12 months at £575. Clearly the NCB bonus isn't doing much for me at the moment, my age is keeping the price up.

ETA: The proof of no claims says cover is for 304 days, so they can see that it's a 10 monther.

Edited by MSTRBKR on Thursday 22 March 21:07

[Slagathore]

MSTRBKR said:

Great news, it says 2 as you would expect. I just didn't think it was transferable, that's all. Question now is, is it worth staying on the accelerator for 10 months at £614 or going for the 12 months at £575. Clearly the NCB bonus isn't doing much for me at the moment, my age is keeping the price up.

ETA: The proof of no claims says cover is for 304 days, so they can see that it's a 10 monther.

Edited by MSTRBKR on Thursday 22 March 21:07

Ah, maybe mine was the same then.

Didn't seem to make any difference, though. New insurer will probably be happy for the new business, so I expect most will accept it.

[Trackside Junior]

MSTRBKR said:

Great news, it says 2 as you would expect. I just didn't think it was transferable, that's all. Question now is, is it worth staying on the accelerator for 10 months at £614 or going for the 12 months at £575. Clearly the NCB bonus isn't doing much for me at the moment, my age is keeping the price up.

ETA: The proof of no claims says cover is for 304 days, so they can see that it's a 10 monther.

Edited by MSTRBKR on Thursday 22 March 21:07

Were/ are you with Admiral? I'm on a 10 month with them. If the company that are offering the 12 month for £500 are a sister company of Admiral, Admiral will beat it.

[anonymous-user]

Trackside Junior said:

Were/ are you with Admiral? I'm on a 10 month with them. If the company that are offering the 12 month for £500 are a sister company of Admiral, Admiral will beat it.

Yep. Admiral at the moment, moving to Elephant for £575 for 12 months.

Interesting. I'll call them and check that out.

[Trackside Junior]

MSTRBKR said:

Yep. Admiral at the moment, moving to Elephant for £575 for 12 months.

Interesting. I'll call them and check that out.

My 1st renewal was £1500, got a quote for £1000 with Diamond, rang Admiral and said "sort it out". I'm now paying £833 for 10 months with that compensation thing as well.