NCB

[Frost]

Well just checking my insurance documents and i notice that i wont get 1 years NCB till november. I'm looking to get a bigger bike now, and of course if i get one then i WONT be making any claims on my current bikes insurance as i will either sell it, or not use it.

So my question is this, if i were to get insured on a bigger bike with 0 NCB now, could i inform the insurance company in november that i have 1 years NCB and get a discount on future payments if done monthly, or perhaps some form of a rebate if i have allready paid for the year?

Danke

[Bendy]

I don't think so. They like to set their price and keep it there. You're probably better just changing the current policy to your new bike if they'll let you, then as of November the price will come down.

[G]

I have heard of this happening, but it's usually when there's only a few weeks left. Obviously they would want you to not be 'using' the old policy as such (ie, if you have sold the bike).

Note that it's not always cheaper to transfer; I have been quoted less for a year's new policy than to transfer my old policy in the past.

[Frost]

Exactly, and i cant see the point of insuring the new bike for a year with 0 NCB even though ive been riding for 9 months!

normally i wouldnt care, but money isnt abundant and the price differen betwean 0 NCB and 1 NCB is about 25% in some cases!

[dainesefreak]

What are you asking exactly?

If you buy a new bike and sell the bike you have now, you just change the bike over on the existing policy and pay the difference. Come November time they will automatically add the 1 year NCB to the renewal or you can take it elsewhere.

If you keep both bikes and want to insure them both, you would need to change your policy to a multibike policy and you would lose the 9 months NCB anyway.

I believe that unless you do a multibike policy that you could only use the NCB on 1 bike on an individual basis. So if you left the bike you have now running and did the full year you would get 1 year NCB come renewal time. If you insured the other bike on a new policy and let it run for the 3 months till the NCB was earned, I don't think you could then say I want to transfer it over. I'm fairly sure you would have to start the policy on the new bike again and hold fire on the renewal for the other. If you know what I mean?

[John]

I would try what dainesefreak said, phone the insurance company and ask how much it would be to swop to the new bike, keeping the old policy.

I got 6 months VFR insurance for £90!
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