Bonus Accelerator = Waste of time

[_WILL_]

I am sure this has been covered before but I felt I had to bring it to people’s attention again just in case.

The bonus accelerators (10 months = 1 year NCB) that are available through certain insurance companies are not all that they seem. I know that they are slight more expensive overall but as a young driver the faster accumulation of NCB is a big draw (it was for me anyway).

However when you come to re-insure your car and speak to other insurance companies they will not honour this year of NCB, so it is a complete waste, unless you wish to re-insure with the same company, which I don’t.

Some of you may say that you haven’t had a problem with this, but I have looked into it and basically unless you have declared it to your new insurance company and they have said they accept this “accelerator year” then the chances are you are not fully covered.

I am not going to mention the company I am with at the moment, but I would like to thank Adrian Flux for bring this to my attention and for their help and excellent customer service when I was applying for a quote with them.

This is my understanding of the situation, and I am just trying to point it out to people who may not realise. If there is anyone who could advise me or others of any way of not loosing this “accelerator year” that would be great.

Cheers,
Will

 

[_WILL_]

Just spoken to Brentacre, who were very helpful, and they will honour the "accelerator year". Its all very confussing!

 

[alex-avfc]

Thats interesting to know, I'll be in the same boat come April

 

[Beef-Mc]

Some care, some' don't. I've noticed that when I lost a couple of years NCB it didn't make that much of a chnage.

 

[_WILL_]

Some care, some' don't. I've noticed that when I lost a couple of years NCB it didn't make that much of a chnage.

I think it should be explained when taking the policy out, although I guess that NCB is at the insurers discretion anyway.

Im just glad I realised and didn't insure with a company, have a crash, then get told my insurance is void!

 

[skyinsurance]

You are certainly right to point it out Will, I have been saying the same thing for a few years now. Luckily some insurers will accept it but not all.

If you think about it logically, a years NCB is exactly that.. a year = 12 months not 10 months.

Ollie
Sky Insurance

 

[Laura]

Yup had the same thing happen this year, they never mentioned they didnt cover them on the phone so when they got my proof of no claims n they found out it was a 10 month policy they sent me a bill for over £100 ...

great