Admiral/Elephant/Bell 10 Month Cover

MikeHiow

MikeHiow

MikeHiow

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Joined
26 Oct 2004
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Isle of Wight
How many people here do this? anyone gone to another insurer afterwards, did you have any issues using your "accelerated" no claims?
 
As far as I know, when your proof of no claims is sent through they don't differentiate between 12 and 10 month policies, therefore another company doesn't know it's a 10 month policy.
 
The document states "1 year NCB" and that's it.

You do pay more per month than on a 12 month policy, it depends whether the extra NCB is worth more than the increased premiums.

Only issue might be saying 1yr NCB if you've had your licence for 10 months, but I'm sure that's rare and can be easily explained.
 
[TW]Fox;16272174 said:
They are only really worth it if you are 18 with no ncb or so skint you cant afford a 12 month policy.
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Or if you want to "tweak" which month your insurance lands on. (i.e. you don't want it to land during Christmas spending!)

Suppose that only really matters if you pay it off in one though like me, i know a lot (the majority?) of people do monthly.
 
Spunj99 said:
Or if you want to "tweak" which month your insurance lands on. (i.e. you don't want it to land during Christmas spending!)

Suppose that only really matters if you pay it off in one though like me, i know a lot (the majority?) of people do monthly.
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Or you could keep the money aside so it doesn't matter when it falls?
 
i do it because its cheaper than 12 months...so i can pay it all off in 1 lump sum and not have to pay any interest, plus now im up to 4 years ncb with admiral, soon to my 5th and by that time it would have taken me 5 years 10 months otherwise?
 
Well, the frustrating thing is, a few weeks ago, my quotes were coming out at around £600, now, just 5 days before renewal is due, they are up at £780.

£600 I'd pay up front, £780 is pushing it, but at that price, monthly payments are £85/m making a total payable of just over £1k!

I ****ing hate insurance.
 
Nickg said:
easier said than done, i had a situation where my tax, service and insurance all fell within a month!

thats some outgoings in a short amount of time.
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It's not like they spring out of nowhere? You have 12 months notice for those things to happen so you must be able to put some aside?
 
Sounds like good news as i've done the 10 month one with elephant. Being 18 at the time and 10 months being 100 quid cheaper it made sense to go for it.
 
Spunj99 said:
Or if you want to "tweak" which month your insurance lands on. (i.e. you don't want it to land during Christmas spending!)

Suppose that only really matters if you pay it off in one though like me, i know a lot (the majority?) of people do monthly.
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After doing 10 months policies for 2 years the bugger landed on Christmas Day as soon as I could afford 12 month policies! So yeah, took another 10 month this time to get it back to October.
 
Chris1712 said:
After doing 10 months policies for 2 years the bugger landed on Christmas Day as soon as I could afford 12 month policies! So yeah, took another 10 month this time to get it back to October.
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Mine would have done the same this year. Would have landed about a week before Christmas, so I reverted back to 12 so it'd land in February when funds are plentiful. :D
 
Janesy B said:
It's not like they spring out of nowhere? You have 12 months notice for those things to happen so you must be able to put some aside?
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they sometimes do though dont they, especially if you change oil to the mile and not to the year, and the tax hit you randomly because it was only on 6 months that you didnt realise previously.

cash flow is king. you cant always have £1200 sat in the bank waiting for that time of the year to roll around although obviously you will be trying to save for insurance.

but that presumes u paid the full amount last time and not just for example, switched cover when you got the car and didnt actually know the full tax cycle...? but it is quite easy to do.
 
In 15days my elephant 10month policy will be over - I'll let you know if I have any problems - I'm planning on moving to aviva :)
 
Nickg said:
they sometimes do though dont they, especially if you change oil to the mile and not to the year, and the tax hit you randomly because it was only on 6 months that you didnt realise previously.

cash flow is king. you cant always have £1200 sat in the bank waiting for that time of the year to roll around although obviously you will be trying to save for insurance.

but that presumes u paid the full amount last time and not just for example, switched cover when you got the car and didnt actually know the full tax cycle...? but it is quite easy to do.
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An oil change costs what, less than £50? half that if you do it yourself. If you can't afford this then can you really afford to run a car? Most people who are in control of their finances have a rough idea when their insurance and car tax is due, so they can budget accordingly.
 
I am on one atm, as I only need the car insured till christmas; it's a happy coincidence that it gets me a years NCB and is cheaper.
 
The 10month contracts are pretty good depending on your situation. I've been using them for the past 5 years as for the first year of my licence I wasn't the policy holder however now I have 6yrs NCB and have gone back to a 12month contract.

Edit. Also I can confirm when you get your certificate it doesn't mention anything about it being a 'bonus' NCB.
 
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Being 25 I chose to go with 10 month bonus accelerator because I haven't built up any no-claims in 7 years since I've been driving (despite being "claim-free").

It was £750 versus £850 for 12 months. It pays for itself very quickly based on those numbers (including the calculated drop in insurance with 1 years NCB).
 
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