10 month, Bonus policies.

forgotmyname

Over the years i have seen people have issues moving forward from these policies. But often it was because the driver passed their test less than 12 months before the renewal and the computer says you cannot have 1 years no claims when you only passed your test 10 or 11 months ago.

But what is the situation for a driver that passed a while before? Are 10 month policies that give you a years no claims accepted more these days?

Thanks

mattk_180

These kind of policies always seem like a good idea but I think the main catch is that they usually trap you into renewing with them to keep that bonus (much like direct line and their "named driver NCB" policies). I may not be correct on that but that's how it seemed to me, especially when they were first introduced.


Nowadays I would say they are a lot more accepted and insurers are more aware of them, but still may not accept it.


I suppose a provisional driver can have their own policy which builds NCB and so by the time they renew they would have 1 year NCB but full licence for say, 6 months.


I would imagine as long as the NCB being claimed doesn't precede the date of their 17th Birthday computer systems should be able to accept it. If not a broker would likely be able to source an insurer that will. There's still life left in speaking to a human beings these days.

forgotmyname

I was curious because my little ones policy was a 10 month one and none of the comparison sites or companies queried whether the no claims was from a 10 or 12 month policy.

Insurance already setup and paid for, just downloaded the renewal forms for the no claims proof and it shows it was a 10 month policy. Now wondering how they will take that.

Clearly says no claims 1 year, which was the question asked. And its with my club insurance so done over the phone.

Novice_investor101

I was on a 10 month policy for a couple of years to build my NCB back up & never had a problem when I moved back to the more conventional 12 month policies. No questions were asked, & the renewal notice I used as proof of NCB years just stated full years.

forgotmyname

This policy is their first and only insurance though so the renewal says 1 year no claims. But it does say in very large letters it was a 10 month policy and even states the number of days they were insured for.

Seems to me like that are putting that to show and potential new insurer that it wasnt a full 1 year policy. Maybe they hope other insurers wont like it being a 10 month policy so the policy holder comes back or renews?