Young Drivers Bonus Accelerator Insurance

[tyranical]

Hi there,

My girlfriend is currently looking at purchasing her first car, we've been to look at a little citroen saxo today and we've just been doing some insurance quotes for it now.

Diamond have given her the best quote but they have this option of a 10 month bonus accelerator policy where basically, after 10 months you get 1 years no claims instead of after 12 months.

My question is does anyone know if a years no claims on a bonus accelerator policy is:

a) valid as a full years no claims when you make a new quote and;
b) would that no claims bonus be a diamond only no claims bonus or could you take that years no claims to any company and they would class it as a full year?

Cheers,

Matt

[Ian_sUK]

Ive done this a few times, both times it counted as a normal years no claims. When you get your renewal through it has the added year no claims as normal you send to your next insurer.

[wildoliver]

When my girlfriend had just passed her test we looked at these too, the most obvious point I noticed was that you paid for a 10 month policy which would count as a years no claims, but in most if not all cases the 10 month policy cost the same or more than an equivalent 12 month policy (which obviously gives a years no claims). Therefore you pay the same for 10 months cover as you do for 12, this is not a good deal. Thus the only real benefit is if you want to own a high insurance group car a few months early. It's like a lot of these good ideas, once you scratch the surface they aren't.

[tyranical]

The one diamond insurance one is around 1200 for 12 month and around 1000 for 10 month so it isn't as you say above

[gj88]

It counts as a full years ncb and any insurance company will accept it. Its not only Diamond who do it either.

[Ean218]

gj88 said:

It counts as a full years ncb and any insurance company will accept it. Its not only Diamond who do it either.

No it doesn't, and no they won't. A few might accept it, but you will have to shop around at renewal. Agreed there are others that do it, but there are plenty more who don't.

[wildoliver]

tyranical said:

The one diamond insurance one is around 1200 for 12 month and around 1000 for 10 month so it isn't as you say above

Bully for you

[ZOLLAR]

Hi tyranical, just to confirm the bonus accelerator policy offered by diamond (also elephant,bell and admiral) counts as a full years ncb and can be taken elsewhere after you move the insurance.

[russy01]

They do count, I'm currently on this policy via elephant. Bell elephant admiral and diamond all offer this as they are all part of the same group, hence their similar quote costs.

[Huff]

Great . So for 5years of cover you'll get 6years NCB.

BFD; it'll make no goddamn difference to the premium at that point, I'm sure. Hell, at near a decade's NCB I'm not seeing as much discount as I might hope for!