Insurance=mugged

[Adam80UK]

I ride a 2011 Z100 for which I paid £211 for insurance about 9 months ago, with 5 years no claims.

I am now also buying an SH300 scooter for my daily commute and my current insurer will not do multi bike, and I don't want to cancel and start again as nearly got another years no claims.

My cheapest fully comp quote is £221! I simply do not understand why you can't count NCD on more than one policy, surely you've either made a claim or not, it's ludicrous

I tried Gocompare, Comparethemarket, The Bike Insurer, Elephant... £221 is the cheapest.

Any suggestions please?
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Current: '07 Suzuki SV1000 & '07 Honda SH300i (again).
Previously owned: '08 Yamaha R1, '10 Kawasaki Z1000, '07 Honda SH300i, '04 Suzuki SV1000S, '11 Honda CB1000R, '09 Kawasaki ZX-10R, '08 Aprilia Tuono 1000R, '07 Triumph Daytona 675, '95 Honda CBR600F.

[yambabe]

Get a monthly pay-as-you-go policy with someone like ebike for the scooter, let it run for 3 months til your main policy runs out then go for a multi-bike for both bikes using your full NCD.
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Sod falling in love, I wanna fall in chocolate.

[t121anf]

a) take the hit cancel the insurance, lose 9months NCB
b) get someone else to insure the new motor and drive it under a 3rd party clause
c) waiting 3 months sort it at renewal
d) start a new policy on the new bike, get 2 lots of NCB

[P.]

[Rogerborg]

[Adam80UK]

Thanks but no can only drive/ride a vehicle not owned by yourself on 3rd party so can't do that unless I register it to someone else.

I liked the pay as go idea, just got a quote though of £87 a month so that's a no go!
____________________
Current: '07 Suzuki SV1000 & '07 Honda SH300i (again).
Previously owned: '08 Yamaha R1, '10 Kawasaki Z1000, '07 Honda SH300i, '04 Suzuki SV1000S, '11 Honda CB1000R, '09 Kawasaki ZX-10R, '08 Aprilia Tuono 1000R, '07 Triumph Daytona 675, '95 Honda CBR600F.

[P.]

[map]

[Adam80UK]

[swampy]

[arry]

[Adam80UK]

Thanks map, but no better thus far I'm afriad.

Both ASDA and Tesco found the exact same results with the cheapest being eBike at £225.
____________________
Current: '07 Suzuki SV1000 & '07 Honda SH300i (again).
Previously owned: '08 Yamaha R1, '10 Kawasaki Z1000, '07 Honda SH300i, '04 Suzuki SV1000S, '11 Honda CB1000R, '09 Kawasaki ZX-10R, '08 Aprilia Tuono 1000R, '07 Triumph Daytona 675, '95 Honda CBR600F.

[barrkel]

I pay 200 third party only, 2 years NCD

May be worth comparing GTS250. Similar performance albeit with much smaller wheels, but the quotes I get for that are 30% lower.
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Bikes: S1000R, SH350; Exes: Vity 125, PS125, YBR125, ER6f, VFR800, Brutale 920, CB600F, SH300x4
Best road ever ridden: www.youtube.com/watch?v=s2MhNxUEYtQ

[Adam80UK]

[P.]

My offer still stands, in the world of insurance, its all pretty much legit if you sold the bike to me for 1p

[TheBikerStig]

[yambabe]

[lozzypop1]

Can I state the obvious please?

Phone them. Don't rely on internet quotes to be the cheapest... You can quite often get better prices by ringing around and playing them off against each other.
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Funny, I used to hate being spanked as a child!
Tell me and I'll forget; show me and I may remember; involve me and I'll understand.

[P.]

You can build 2 sets of NCB but you can't not disclose any claims..

[yambabe]

What actually happens is that, using the example of insuring a bike and a car cos it makes it easy to understand:

You insure both under separate polices and build up 2 lots of NCD, one for bike and one for car.

Say you then have a fault accident in your car.

You advise your car insurer and they investigate, pay out the other party. Depending on a number of factors you may then lose some or all of your NCD on that policy.

When you renew your car policy (assuming its not a total loss, when you insure a new vehicle if it is) you will find that you will pay more cos your premium has gone up and your NCD has gone down - YOU LOSE.

When you next renew your bike insurance, one of the things you have to declare is ANY accidents or claims in the last x years. So you have to declare your car accident. You will find that although your bike NCD has stayed the same or even increased your premium will have gone up considerably so guess what? YOU LOSE.

It's all loaded in favour of the insurance companies. Don't declare the car accident to your bike insurer and you run the risk of having any claim on it refused, or your policy cancelled.

Let me put it another way. No matter how many different NCDs you build up on any of your policy, if you have a fault claim at any time YOU LOSE.

Even if you protect your NCD, come renewal time your NCD may stay the same but your premium will go up so YOU LOSE.

Numbers example. Lets say you have a car and a bike, 6 years NCD giving 50% discount on each.

Year 1 car premium is say £500, less 50% NCD for 6 years, you pay £250. Happy days.

Year 1 bike premium is say £250, less 50% NCD for 6 years, you pay £125. Happy days.

You crash into someone in your car, your insurers pay out to them and reduce your NCD by 3 years, lets say 3 years gives you 30%.

Year 2 car premium is loaded by 30% cos of the claim so now it's £650, less 30% NCD for 6 years, you pay £455. Not happy.

Year 2 bike premium is increased by 30% due to your claim so now it's £325, now you have 7 years NCD lets say that gives you 55%, you pay £146.25 this year. Not Happy.

Sorry for the Teffers-sized post, I guess the TL;DR is when it comes to dealing with insurance YOU LOSE!!
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Sod falling in love, I wanna fall in chocolate.

[Adam80UK]