Admiral 10 Month Bonus Accelerators

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Is that time of the year where i have to renew. As it stands Admiral are quoting me the cheapest insurance quote atm.

But, if i chose the 10 month Bonus Accelerator it's even cheaper.

What i would like to know is it legit? I know your earning a 1year NCB in 10 months. Are other insurance companies alright with it when it comes to renewing insurance?

Never gone down this step, so any advice, tip will be helpful :)
 
If you work out the cost per month / day it's actually more expensive.

You shouldn't have any problem with other insurance companies as the proof of no claims you'll receive at the end doesn't state what kind of policy the no claims were earned on.

I have only ever had one insurance company ask me what type of policy (i/e 10 month/ 12 month) my no claims were earned on, adrian flux iirc
 
Yes it's legit when you get the ncb proof at the end it states 1 yr and doesn't mention that it was a bonus accelerator.
 
Thanks for the info's lads. So it's not a problem. Most likely i'll be choosing the 10 month bonus accelerator.
 
only time it causes problems is when you take a 10m policy when you just turn 17, after the 10 months you have 1 years NCB however your still 17, other than that there should be no problems
 
I went with the 10 months. It is cheaper as long as you get the NCB at the end and that reduces the price on the next years insurance. Though there probably won't be much of a saving.
 
He will accumulate NCB faster though, i would bet that the cumulative premium will be cheaper if he accelerates up to 4-5 years NCB using 10 monthers.
 
I am using them at the moment after losing my 3 years no claims last after my accident :( just want to build it up again, and obviously 10 monthers are a quicker way of doing that
 
Depends on the starting age really. I'm 28 and have found that the difference between 3 and 4 years no claims (as I entered incorrectly then realised when calling to buy the policy) was literally a couple of pounds last year.

Checking again recently the difference between 4 and 5 years is a few pounds. If I was to take a 10 month policy the cost per month of policy on one year well outweighs this difference
 
rodenal said:
Depends on the starting age really. I'm 28 and have found that the difference between 3 and 4 years no claims (as I entered incorrectly then realised when calling to buy the policy) was literally a couple of pounds last year.

Checking again recently the difference between 4 and 5 years is a few pounds. If I was to take a 10 month policy the cost per month of policy on one year well outweighs this difference
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This varies depending on the car and the circumstances.

For me, the combination of the car and my age made Admiral literally 50% of the cost of the next cheapest insurer. By running a 10-month policy and then jumping into a multicar policy I got 2 years NCB in 22 months on car 1 and 9 months on car 2.

Overall, this saved me an absolute clean fortune. Unfortunately Admiral stopped insuring cars with extensive modifications outright (rather than just not paying out for the mods) so I had to move. Now I have the S6 I will return to Admiral next year if they are still in business as my premium will basically be free.

I wouldn't have been able to realistically insure the cars I have done without Admiral and I know a good few members here feel the same way.
 
[TW]Fox;22614518 said:
Why?

It isnt cheaper - it only looks cheaper as you are paying for 10 months not 12.
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Yea you do have a point. I sort of worked out the figures and it is more expensive. How ever, as i'm only 27, driving for only 5 years, with only 3 years ncb. Would like to get in my NCB.. so it does look good if i go through this option
 
And another is the next cheapest insurance price after Admiral is 200 quid more.

Admiral quoting me £817 the next cheapest is Kwick - Fit and they want £1027... :eek:

so huge difference
 
At the age of 24 my renewal for my Focus is going to be circa £800 when the policy has the correct upgrades such as legal cover.

I was a named driver when I was younger and got my own insurance when I went on placement. When this policy expires I will have 3 years NCB.

I am tempted to go for a 10 month policy as upon renewal I will be both 25 and have 4 years NCB, which should make a decent enough difference to make it worthwhile.
 
Ive done this for the last three years.
Effectively im half a year ahead of where I would be in No claims. which is nice.
I found that I wasnt penialised on a cost per month basis either so it was a no brainer.

I think the below speaks for itself

Last years qoute.
21
306 gti-6 (Insurance group 15/30)
2 years no claims at the time.
800 for 10 months
central london.

Not bad IMO
 
I'm the same to an extent, they have been the cheapest for me for a number of years - but any time I've considered a 10 month policy the cost per month has vastly outweighed the theoretical benefit of having another years no claims that little bit quicker.

Then again I didn't get anything with a decent amount of power until I was on 3 years no claims from memory (company cars have meant I haven't accrued anything like I should have)
 
Eliot said:
Ive done this for the last three years.
Effectively im half a year ahead of where I would be in No claims. which is nice.
I found that I wasnt penialised on a cost per month basis either so it was a no brainer.
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Well If i go through the 12 month option Admiral want £836.

But if i go for the 10 month option they want £817

Not really a huge difference
 
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