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Old 03 February 2006, 16:12   #11
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Thanks again people, all very helpful

Louise, this is from the norwich site:

Rapid bonus is a comprehensive car policy exclusive to young drivers.

We know that as a young driver, finding affordable insurance is not easy, especially if you have very little or nil No Claim Discount (NCD).

Rapid Bonus is a fast track NCD policy specifically designed for safe young drivers. It covers 9 months instead of 12 which means you receive the equivalent of 1 years NCD after just 9 months (at least 50% discount), providing you do not make an at fault claim in that period.

This means you could gain full NCD in 15 months less than normal. It also means you get a smaller premium to manage (9 months as opposed to 12).


I'm now a little worried that they might hike up my price, but then I should have a no claims so they would only have reason to lower it? I did think about whether the "years" no claim from the accelerator policy would be accepted by other companies and to be honest, I have no idea!

I'll tyr the Priviledge people and look into the alarm thing.

Cheers!
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Old 03 February 2006, 16:24   #12
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Quote:
Originally Posted by slimtim
(at least 50% discount)
Cool! I looked at the NU site and found the section you quoted apart from the bit I've quoted above! Nowhere on the site could I find their NCB scale of percentages but then I didn't go through the 'Get a quote' process so maybe that explains it. The other question to ask is: 50% of how much? (a bit like 'how long is a piece of string?'). It's tempting to assume it'll be about 50% of your quote for this year but insurance companies find all sorts of reasons for hiking their prices. It does seem like a fair deal for this year but if I were you I would try to find out if other companies will honour NU's promise of 1 year NCB and also check what percentage those companies will give you for that 1 year. Of course, that is all academic if you are happy to be tied to NU for a few years, but otherwise...

It sure is a minefield! Good luck!

P.S. I guess my suggestion of how to get a lower quote didn't appeal to you?
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Old 03 February 2006, 16:52   #13
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I have just renewed and used 'moneysupermarket.com' then car insurance - I used to spend a day on the phone but have found this online quote comparison feature to be better - curiously post office insurance came up best with a £50 cash back - ended up £70 better than renewal price from screentrade - could be worth a go - especially handy you can try different excess amounts and it will show you instantly the premium - useful as not always best to go highest as different companies constuct premiums differently - good luck it's never a joy
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Old 03 February 2006, 17:20   #14
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Originally Posted by MikeCC
But I do remember the pain of first insurance premiums . . .
£13 14s 6d....

Slimtim, tell them your wife drives the car too and it'll be a bit cheaper....

Third party cover for a towed trailer, but not the load, is completely normal. You'll need to insure the load separately.

Your 50% ncd will be 50% of the second year's premium.

My NU renewal came in today and it's £2 more than last year....seems reasonable to me.

At a slight tangent, if you are towing your boat, you may find that marine insurance does not cover third party damage the boat may cause while it is being towed.
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Old 03 February 2006, 17:24   #15
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my first insurance for a 125 back in 1980 was £300 fully comp!!!! and the moped before that was about £12 i think
then my 18month old toyota celica was about £300 fully comp back in 1980/81, was 18 at the time.

scary when you think back
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Old 03 February 2006, 17:34   #16
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Tim

(Couldn't be bothered to read the above cos ive been drinking so this might have been said before)

Have you done pass-plus? Norwich union give young drivers a 50% discount with it. I passed 18 months ago (did pass plus) and my premium this year is about £460 3rd party. Norwich Union normally give you a further discout when you actually say u want to go ahead with it. Try this and see what they get it down to. (The idea being that you will then be encouraged to take out breakdown insurance with them for being so nice).

Most of my friends are with Norwich Union (Jimbo is) and they definatly seem to be the cheapest.
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Old 03 February 2006, 18:12   #17
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jeff, It has been suggested to me that if I put my mum or dad on as a named driver (both of whom have 35+ years no claims each!) then it will reduce my premium. tried it on tesco and it put it up by £40. Might try it on NU.

Tim, how much is the pass plus thingy?
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Old 03 February 2006, 18:26   #18
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I am glad something is cheaper over here, Jón Baldur (age 19) pays GBP 215 for his VW Golf GTi and for his Trabant he payes GBP 110 so less for two cars here than one in UK.

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Old 03 February 2006, 18:39   #19
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I think it was about £120. Takes 6 hours. Well worth the money.
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Old 04 February 2006, 04:34   #20
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Quote:
Originally Posted by jwalker
Your 50% NCD will be 50% of the second year's premium.
That's exactly my point. No-one knows what next year's premium will be so no-one can predict how much NU's 50% discount will be worth next year! Richard's renewal quote (with NU) in 2003 (having been with NU for about 5 years) was approx. £800 with full (70%) NCD, which gives an original premium of £2666! After shopping around, he got it down to £395 with Direct Line.

Quote:
Originally Posted by jwalker
My NU renewal came in today and it's £2 more than last year....seems reasonable to me.
Lucky you! But this is not always the case. See above!

P.S. I'm sure it's not just NU that do this but I can only speak from my own and Richard's experience.
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