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Use my NCD or not

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Mord
Nearly there...



Joined: 11 Oct 2008
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PostPosted: 19:31 - 18 Aug 2010    Post subject: Use my NCD or not Reply with quote
I have a little dilemma.

I want to buy a proper bike next spring. But I'm also thinking to buy a temporary bike for winter.

Basically I can buy 600cc naked bike for over a grand and insure it TPF&T for 70 quid (with my 1 NCD). But then when it comes to buying next bike in 6 months time I cannot use NCD in 2 policies at the same time.

Temporary bike will be with me for 6 months after that I'll sell it but I'm not going to cancel the insurance policy to avoid cancellation fee rip-off.

What would be better...

- to insure a temporary bike without using my NCD?

or

- insure a temporary bike with NCD and then change the bike within the same policy, and change it from TPF&T to FC (risky that they may ask me to pay a crazy premium without me having a choice really)

So what to do? Basically my NCD was earned in November 2009 and can be used up to 2 years from that date.

EDIT: A quote for 600cc TPF&T with no NCD is 115 quid.
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Rob W
World Chat Champion



Joined: 09 Nov 2004
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PostPosted: 20:16 - 18 Aug 2010    Post subject: Reply with quote
The difference is £45.

Have you tried getting quotes on a 'big' bike with 1 years NCB? If it'll save you more than that you may as well wait.

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Mord
Nearly there...



Joined: 11 Oct 2008
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PostPosted: 20:20 - 18 Aug 2010    Post subject: Reply with quote
RobW1983 wrote:
The difference is £45.

Have you tried getting quotes on a 'big' bike with 1 years NCB? If it'll save you more than that you may as well wait.

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2002-2003 RSV R Mille £650 fully comp
2004-2006 RSV Factory £900 fully comp

Both quotes with 1 year NCD.
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Rob W
World Chat Champion



Joined: 09 Nov 2004
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PostPosted: 20:23 - 18 Aug 2010    Post subject: Reply with quote
Personally I'd keep my NCB for the 'big' bike. £250 a year extra just to say you own a Factory seems a lot as well. Surely the R in real world road terms isn't that much different?
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Mord
Nearly there...



Joined: 11 Oct 2008
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PostPosted: 20:28 - 18 Aug 2010    Post subject: Reply with quote
RobW1983 wrote:
Personally I'd keep my NCB for the 'big' bike. £250 a year extra just to say you own a Factory seems a lot as well. Surely the R in real world road terms isn't that much different?


They are different shape bikes. 2004< ones are never they cost more to buy so that mainly increases the price of the premium I believe.

They are not very different apart from that.
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CptBlack
Trackday Trickster



Joined: 06 Dec 2009
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PostPosted: 20:59 - 18 Aug 2010    Post subject: Reply with quote
I just bought a new bike and it cost £25 to move the insurance to the new bike
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iooi
Super Spammer



Joined: 14 Jan 2007
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PostPosted: 21:01 - 18 Aug 2010    Post subject: Reply with quote
How does Ebike monthly ins stack up price wise compared to your yearly quote.
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Villers
World Chat Champion



Joined: 13 Sep 2004
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PostPosted: 21:20 - 18 Aug 2010    Post subject: Reply with quote
Or how does your aprilia quotes compare wihtout the NCD?

Surely the price difference between some old 600 without any NCD and a 1000cc V-twin without any NCD is going to be fairly big, I doubt its going to be 45 quid anyway. Its a no brainer tbh! Laughing
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Mord
Nearly there...



Joined: 11 Oct 2008
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PostPosted: 21:23 - 18 Aug 2010    Post subject: Reply with quote
Villers wrote:
Or how does your aprilia quotes compare wihtout the NCD?

Surely the price difference between some old 600 without any NCD and a 1000cc V-twin without any NCD is going to be fairly big, I doubt its going to be 45 quid anyway. Its a no brainer tbh! Laughing



Yes but...

To pay TPF&T for 70 quid for a half a year than add some more money for another half a year (not 12 months) fully comp for 1000cc and get another full year NCD. In the end the cost on one policy may be 35 quid (which is half of 70) + 450 quid (which is half of 900) = 485 for a whole year on the policy and another year NCD earned.

It's not as easy to decide as it seems haha
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Pete.
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Joined: 22 Aug 2006
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PostPosted: 21:34 - 18 Aug 2010    Post subject: Reply with quote
CptBlack wrote:
I just bought a new bike and it cost £25 to move the insurance to the new bike


This is probably the best option but beware I got a good quote on a bike policy then bought a much newer and more powerful bike and found they wouldn't upgrade me. Make sure you ask the broker if the bike policy you are getting can be moved to a more powerful/valuable bike.
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Mord
Nearly there...



Joined: 11 Oct 2008
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PostPosted: 21:36 - 18 Aug 2010    Post subject: Reply with quote
CptBlack wrote:
I just bought a new bike and it cost £25 to move the insurance to the new bike


Who are you with?
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Rob W
World Chat Champion



Joined: 09 Nov 2004
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PostPosted: 21:38 - 18 Aug 2010    Post subject: Reply with quote
CptBlack wrote:
I just bought a new bike and it cost £25 to move the insurance to the new bike


I'll be doing the same. Hoping that they wont try and rim me, switching it from the 595 to the 'Blade.
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Villers
World Chat Champion



Joined: 13 Sep 2004
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PostPosted: 22:30 - 18 Aug 2010    Post subject: Reply with quote
ApriliaNutter wrote:
Villers wrote:
Or how does your aprilia quotes compare wihtout the NCD?

Surely the price difference between some old 600 without any NCD and a 1000cc V-twin without any NCD is going to be fairly big, I doubt its going to be 45 quid anyway. Its a no brainer tbh! Laughing



Yes but...

To pay TPF&T for 70 quid for a half a year than add some more money for another half a year (not 12 months) fully comp for 1000cc and get another full year NCD. In the end the cost on one policy may be 35 quid (which is half of 70) + 450 quid (which is half of 900) = 485 for a whole year on the policy and another year NCD earned.

It's not as easy to decide as it seems haha


Theres a lot of assumption in there though, remember whom you are dealing with. They could refuse you insurance on the bigger bike for a start, and do you honestly believe they would be so nice as to split it down the middle for you? Although your policy is for a year the amount of risk you create will still have to be paid for. Id be very careful about the whole thing. Best thing may be to find an insurer that wont bum you on the T's and C's come cancellation time.

Just saying be careful dude thats all!
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Mord
Nearly there...



Joined: 11 Oct 2008
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PostPosted: 22:42 - 18 Aug 2010    Post subject: Reply with quote
Villers wrote:

Theres a lot of assumption in there though, remember whom you are dealing with. They could refuse you insurance on the bigger bike for a start, and do you honestly believe they would be so nice as to split it down the middle for you? Although your policy is for a year the amount of risk you create will still have to be paid for. Id be very careful about the whole thing. Best thing may be to find an insurer that wont bum you on the T's and C's come cancellation time.

Just saying be careful dude thats all!


True. I had quite bad experience with insurance company recently (my fault that I didn't check T&C before I paid them). And I cannot be sure of the premium increase, it's pretty much up to them once you commit yourself. They have nothing to lose I do.

For sure I'll check T&C first before I commit myself again. I guess I learn on my mistakes. I'll also ring the insurance companies and ask how they deal with things like changing bikes on the same policy and costs they charge for that. I'll make sure the cancellation fee is low if I had to use that. And no bloody 0871 numbers.
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