Insurance bonus accelerators

[mr tommo]

Cheeky littler buggers : https://www.endsleigh.co.uk/personal/motor-insurance/student-bonus-accelerator/

Offering their own bonus accelerator... Luckily my sister hasn't agreed to the policy yet so shall be having words in the morning!

 

[Hxc]

Don't know about anyone else but NCB makes very little difference to prices anyway. Years licence held and claim history are by far and away the most important factors.
Unless you're a new driver with an astronomical premium then I'd say no.

Very much this.

I have always had exceptional fortune with my location and choice of car in regards to insurance prices, but my claim in the first year of driving made £50 difference to my insurance premium. It's the years driving that matter now, it seems.

 

[Sasso]

I'm using the 10 month scheme with Admiral. working out quite well so far, just started my 3rd term with them. My insurance dropped a little over £100 from last year which is nice still think they could have done a bit better but oh well I did have a bump in my first year but as it was the other parties fault they allowed me the years no claim so I'm currently up to 2!!! (been driving for 9 years, 7 as named driver )

 

[snitcher]

Are they worth doing?

Whilst having another look through insurance prices for the car I'm about the buy, I came across Bell (part of admiral) who do a 10 month bonus accelerator for ~15% less than the 12 month policy.

Although this is slightly more than 10 months worth of an annual policy, it should work out cheaper for the next year with a year's worth of no claims, so the slight increase of premium over the 10 months (we're talking about £25 here) would make the rest of the premium far cheaper.

So theoretically, it sounds like a good idea, but practically, is it worth doing? Do other companies accept the 10months as a year of no claims happy enough, or are you stuck with whatever price you get for the renewal? If I stick with the original insurer for another year, and end up with 2 years no claims (from 22 months), are other companies ok with that, or would they only see it as 1 year (i.e. I would be stuck with the original insurer to get all my years no claims?)

I also saw ensleigh do a 6 month accelerator which isn't transferable (they specifically say so), but they won't insure me anyway, so there no point considering that!

tl;dr: What are you opinions/experiences with ncb from 10 month bonus accelerator policies?

for starters most insurers will not be accepting ncb accelerators. you will be better off taking a full 12 month policy and get a ncb that is accepted by virually any insurer.