Help me make a decision...

[RePT]

Hi All!

Everyday, im on comparison websites, looking for cheap insurance quotes and cheap bikes! I cant resist the urge, as I can financially afford it, But what would be the best option?

A) I currently am insured on a cg125, I bought a whole years policy, I cant cancel it because of my accident. Should I wait out the remaining 6months before doing anything?

B) Sell my cg125, and buy a sv650. budget is around £1300. Insurance is about £700 TPO. This means ill have two policies, pretty much £200 from my cg policy going to waste.

C)Sell my cg125, and buy a peugoet 106. then pay £5000 on insurance(yep, ridiculous prices in my area, this isnt really an option but im just putting it out there!)

I need to be convinced to make the right decision. I know which decision is right, but I dont want to admit to it! I'd rather someone else convince me.

your thoughts please?

Thanks!

[whitedevil]

Id wait it out, save a load more money, buy a sports 600, some leathers and do some track days.
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GPZ500 sold ~ CBR600FS-2 sold ~ ZX6R sold ~ Street Triple R

[Paris2]

The smart decision is to wait till your policy is up, and ride the CG for another 6 months. You dont really want to buy a new bike for the winter when you are more likely to drop it. However that said, a bigger bike is safer over the winter.

The answer your hoping for is BUY THE SV!!! Which is what I would be looking for, and seeing as I own an SV I would recommend one and prices are low at the moment due to the weather.

Surely there is a way of changing your insurance policy, its what I did when I bought my bike, or even cancelling it?
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Current Ride: Daytona 600

[P.addy]

Don't buy TPO insurance.

Get quotes on thebikeinsurer.co.uk... that price for an SV is insane.

Why can't you cancel? I've only ever completed 2 full years of insurance, the rest were cancelled after accidents.
Try and change policy from 125 > new bike, some allow, most don't.

Also, look for different bikes, maybe Bandits/Fazer 600s, unless you love agricultural items.

Also...cars, don't aim for the usual write off cars that little chavs drive..look for odd cars like Toyota Yaris, VW Lupo, Mazda 2's... even small volvos are cheaper than little 1 litre chav wagons.

[Bezzer]

Why not just ask your current insurers how much to change the policy to an SV for the remaining 6 months??
You've got nothing to lose, as said you might or might not be able to do it with your particular insurer but you're £200 to the good towards the cost of 6 months insurance +admin fee if they do.
You don't usually have a problem swopping bikes mid term with larger bikes it's just some insure the smaller capacity ones only and don't insure bigger ones.
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I used to be indecisive but now I'm not quite so sure.

[gazeranco]

Should just be able to carry on with the CG policy (obviously there will be an increase in premium) with the new bike, thats what my brother did when his car was stolen and he got a new one...
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Bikes Owned:-
Honda Club 90, Honda CB 250, Honda NSR 125, Honda CBR 125, Suzuki RG 125, Yamaha FZR 400 EXUP, Kawasaki ER6F (2011)

[RePT]

I cant cancel the policy because there is a claim on it .

I phoned up and asked if it was possible to transfer it over to a sv650, and they said no because "This policy is only for 125's" -,-

Also, to reinsure with them, it will cost me £2000. Where as other companies do it for £700.

Our area has a high crimerate, and fake claims and shit. Insurance here is too expensive. My dad has like 15 yrs ncb, 20+ year license, and hes paying £1000 on a 1.9tdi 7seater..(£800 car)

[P.addy]

[Redoko]

Think my dad's got fully comp on his transit for £40 or something.
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"Let's face it, this is not the worst thing you've caught me doing."
Sudika Sportsman SK50QT > Gilera DNA50 > Honda CBR125 RW7 > Kawasaki Zephyr750 > Suzuki GSXR600 > Honda Hornet CB600F '51

[Rogerborg]

If you're not intending to claim for fire or theft anyway then try TPFT quotes with a £500 excess but of course do not lie and say that it's garaged with Promethian chainage on it, since it would be dishonest and wrong to tell fibs to insurers.

Although your root problem is living in that area, you may want to address that.
____________________
Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[RePT]

yep its a claim against me..

Rogerborg:

What if I have a accident? Id have to cough up £500?

I dont actually understand 'excess'. Is it only in the case that I make a claim? or claims against me.

edit: also, what would be the best thing to put under security/additonal security?

I mean, whats the best one so i can buy it

[P.addy]

[RePT]

[bunglebubs]

[Rogerborg]

Excess is only applied to a payout from your insurer to you.

If you were planning on getting a policy that would only pay out to 3rd parties anyway, then you've got nothing to lose by getting quotes for TPFT with the largest possible excess, with no intention of ever claiming under it. You may find that you get cheaper quotes, you may not, but it's worth a try.
____________________
Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[c-m]

[P.addy]