Insurance Start Day

prodiigy · 15 Dec 2018 at 17:42

Hello my renewal is about to come and i have been looking out for insurances.
I got a really good quote online that unfortunately had the start day before the renewal by a couple days. Whenever i changed it , it gave me error so i phoned and they said that quote is only available untill that day.
If i wanted to have it changed to the normal renewal day it will be nearly 2x more.
So can i start that insurance a few days early without using it?
Would that be allowed as im stating x ammount of NCB which then i wouldn't achieve as it hasn't been the full year.

StevieP · 15 Dec 2018 at 17:47

If your current policy runs out on a given day then you won't have earned that your final years' no-claims discount until that particular day! (so if it's your first years insurance then you effectively have nil until the policy has run for a full year!

Does the new quote run over the end of a month or something? (I work in insurance and while rates are fluid, they tend not to change much unless you've gone into a new month!)

prodiigy · 15 Dec 2018 at 18:13

No the quote i received that was really good comes in at 4th January and renewal is on the 11th. So only couple days but a huge price difference. Thats what i was thinking , i wouldnt have achieved the full ncb yet and im declaring i already have it on the policy start date.

StevieP · 15 Dec 2018 at 18:28

The thing about earning a year's no-claims bonus is that you have to have a policy that has run claim free for 365 days, not 358 days!

I'd ask the provider why that particular quote has gone up so much for the sake of a week but in fairness they don't have to give you a reasonable answer - they can just charge what they deem to be their price!

theone8181 · 15 Dec 2018 at 19:28

StevieP said:
The thing about earning a year's no-claims bonus is that you have to have a policy that has run claim free for 365 days, not 358 days!

I'd ask the provider why that particular quote has gone up so much for the sake of a week but in fairness they don't have to give you a reasonable answer - they can just charge what they deem to be their price!

Unless it's a 10 month policy

.

Meaker · 15 Dec 2018 at 20:52

Or joining a multi car policy.

StevieP · 15 Dec 2018 at 20:57

theone8181 said:
Unless it's a 10 month policy .

Do you earn a year's no-claims for a 10 month policy these days?? (Genuine question, we don't do them!)

tom_e · 15 Dec 2018 at 21:13

StevieP said:
Do you earn a year's no-claims for a 10 month policy these days?? (Genuine question, we don't do them!)

You do with the Admiral ones at least.

StevieP · 15 Dec 2018 at 21:36

tom_e said:
You do with the Admiral ones at least.

Bargain! Why pay for a year when 10 months will do the business!

andy_mk3 · 15 Dec 2018 at 21:41

StevieP said:
Bargain! Why pay for a year when 10 months will do the business!

Not everyone recognises the '10 month years' though.

StevieP · 15 Dec 2018 at 22:16

andy_mk3 said:
Not everyone recognises the '10 month years' though.

Yeah, the insurers we deal with certainly don't!

tom_e · 15 Dec 2018 at 22:24

andy_mk3 said:
Not everyone recognises the '10 month years' though.

Admiral just state 1 year no claims, no mention of the fact it was earned using an accelerator policy afaik.

SilverTongue · 15 Dec 2018 at 22:32

StevieP said:
Bargain! Why pay for a year when 10 months will do the business!

Because on a per day basis the 10 month policies are more expensive

IAmATeaf · 16 Dec 2018 at 11:04

SilverTongue said:
Because on a per day basis the 10 month policies are more expensive

This, if you look at the costs the 10 month policy costs the same amount as a 12 would. I looked at this for my son last year when he got his first car and decided it wasn’t really worth it.

joeyjojo · 16 Dec 2018 at 11:14

A few days can make a huge difference. Getting it to start in 3 weeks is cheapest according to MSE

https://www.moneysavingexpert.com/n...-to-buy-car-insurance-to-slash-costs-by-100s/

The difference is absolutely shocking, the average prices:
30 days in advance = £1120 (although this seems suspect to me, maybe a typo)
21 days in advance = £589
Same day = £1156

tom_e · 16 Dec 2018 at 12:11

joeyjojo said:
A few days can make a huge difference. Getting it to start in 3 weeks is cheapest according to MSE

https://www.moneysavingexpert.com/n...-to-buy-car-insurance-to-slash-costs-by-100s/

The difference is absolutely shocking, the average prices:
30 days in advance = £1120 (although this seems suspect to me, maybe a typo)
21 days in advance = £589
Same day = £1156

I saved a couple of hundred quid starting mine earlier but midweek rather than the weekend.

prodiigy · 16 Dec 2018 at 21:08

tom_e said:
I saved a couple of hundred quid starting mine earlier but midweek rather than the weekend.

what do you mean by that? as in call/get a quote online on weekday? or have the policy start later/earlier

tom_e · 16 Dec 2018 at 21:10

prodiigy said:
what do you mean by that? as in call/get a quote online on weekday? or have the policy start later/earlier

As in I started my policy on a Wednesday rather than a Saturday even though the Wednesday was less time between getting the quote and the policy starting.

prodiigy · 16 Dec 2018 at 21:36

tom_e said:
As in I started my policy on a Wednesday rather than a Saturday even though the Wednesday was less time between getting the quote and the policy starting.

oh okay , it should start on Friday the 11th . Its just so bs that they are making excuses that they can't have same price for a week later because its all automated and based on risks. I called again today and was offered 1.5x price of the 7 day earlier quote.

Puzzled · 17 Dec 2018 at 03:50

Could just buy it and them ring up a few days later and just say you want to delay the start date.

Worst thing that will happen is you cancel the policy within the no penalty window.

I was surprised last year when delaying the insurance start date by 1 day saved me £40, the mysteries of insurance quotes