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Insurance Bonuses?

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Will87
Trackday Trickster



Joined: 20 Jan 2005
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PostPosted: 20:57 - 01 Feb 2005    Post subject: Insurance Bonuses? Reply with quote
How much does a 1yrs NCB actually knock off your insurance? In %? I'm just wondering this for the future to see how much can be saved.
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Yeti
Trackday Trickster



Joined: 02 Nov 2004
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PostPosted: 21:06 - 01 Feb 2005    Post subject: Reply with quote
I think it changes depending on which insurance company your with
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MarJay
But it's British!



Joined: 15 Sep 2003
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PostPosted: 21:10 - 01 Feb 2005    Post subject: Reply with quote
Usually about 10-15% for the first year. Not a lot really.
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Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.
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Will87
Trackday Trickster



Joined: 20 Jan 2005
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PostPosted: 21:12 - 01 Feb 2005    Post subject: Reply with quote
i'm with Footman James at the moment.
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Ste
Not Work Safe



Joined: 01 Sep 2002
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PostPosted: 21:41 - 01 Feb 2005    Post subject: Reply with quote
Try getting some online quotes from thier website then to see how much difference it makes.
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Sadie
World Chat Champion



Joined: 14 Jul 2004
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PostPosted: 23:25 - 01 Feb 2005    Post subject: Reply with quote
According to my new insurance policy from Carole Nash:

Quote:
If you do not make a claim under this insurance during the periods shown below, we will reduce your renewal premium as follows:

Number of years with no claim

One year - 15%
Two years - 25%
Three years - 33.3%
Four years - 40%
Five years - 50%

If you only make one claim in any period of insurance, and if the terms and conditions do not change, any no claim bonus which you have earned will be reduced at your next renewal as follows.

· From 50% to 33.3%
· From 40% to 25%
· From 33.3% to 15%
· From 25% or 15% to nil

If you make two or more claims in any period of insurance, you will lose your no claim bonus. If more than one motorcycle has been included at a reduced rate, then only one no claim bonus will apply overall. A separate no claim bonus will only apply to each motorcycle if the full premium has been paid for each machine.

Your no claim bonus cannot be transferred to another person.

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Azmodeus
Scooby Slapper



Joined: 24 Aug 2004
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PostPosted: 23:33 - 01 Feb 2005    Post subject: Reply with quote
Do you get it any cheaper for:

Being 21?
Having a full license?
Having a newer bike?
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Sadie
World Chat Champion



Joined: 14 Jul 2004
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PostPosted: 23:36 - 01 Feb 2005    Post subject: Reply with quote
Azmodeus wrote:
Do you get it any cheaper for:

Being 21?
Having a full license?
Having a newer bike?


I couldn't say on the first two, as it has been a long time since either was an issue!

On the "new bike" question, logic would indicate that your premiums would rise on the grounds that if the bike is written off, it will cost more to replace.
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rizo9
Nova Slayer



Joined: 04 Jun 2004
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PostPosted: 19:36 - 02 Feb 2005    Post subject: Reply with quote
1 year with NU is 17%

the max you can have is 5 and thats 50%
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Old Thread Alert!

The last post was made 21 years, 115 days ago. Instead of replying here, would creating a new thread be more useful?
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