Can I transfer my insurance policy?

[Snop Doog]

Let's say someone offered to sell me a bike for a price so ridiculously low I'd be forced to accept it. In other words, they're practically giving the bike to me for nothing... Can I then ring up my insurance company and tell them that I no longer want my CBF125 to be covered, but instead I want my new (insert what I consider an upgrade here) to be insured?

Google search tells me yes, I can do this but I may have to pay more. My mind tell me that my insurer may have a different policy. Maybe I should read the T&C's... What does BCF tell me?

[BakesBeans]

Completely depends on the underwriter.

When I was new to biking, they refused to change the bike for a reasonable fee, so was cheaper to take out another policy. This happened twice for me.

Whatever you do, do not say you have 'disposed' of your original bike, just say you are thinking about it.
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Current: Kawasaki ZX636
Previous Bike: Honda CBR600F ABS, Yamaha XJ6 F Diversion ABS, Honda VFR400 NC30

[BravoCharlie]

Bakesbeans is right, twice it's happened to me and both occasions I ended up taking a new policy, once with the same and once elsewhere. I know people have had it where they only pay a £25 admin fee, but I've never been so lucky
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Current: Kawasaki ZL600 Eliminator
Past: Suzuki GZ125, Kawasaki GT550, Kawasaki GPX600R, Honda vrx400,Kawasaki Zephyr 750, Suzuki SV650 K5
Dream as if you'll live forever, live as if you'll die today.

[Snop Doog]

Thanks. The reason why I thought of transferring the policy as opposed to taking a new one is because I was thinking of NCB.

[andyscooter]

Depends on underwriter as some only insure 125,s

Others just charge admin fees

Some will charge a fortune as it depends on the bike

I'm guessing a motocross style will cost more then the cbf as they get nicked more
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gilera runner vxr200 (chavped)
if its spelt wrong its my fat fingers and daft auto correct on my tablet

[delsol]

[Rogerborg]

Before you call your current insurer, go and get a new quote on the new bike. Negotiate knowing how much it'll cost you if they prove problematical.
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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

[zark]

i asked my current insurer (on the 125) about adding a new bike to it (when i get one)

I could either start another policy for a new bike seperate to the 125 policy - in which case you may as well start fresh with gocompare/compare the market whatever.

Or

Start a multi-bike policy which would mean terminating the 125 policy (and getting £19 back with 6 months still to go ) and starting a new multi-bike policy with the 2 bikes on it.

Both options came back with a quote massively over the top - compared to what gocomparethemeerkat were offering.

But - you can only use your no-claims once - so the NCD i've built up on the 125 can't be used again on the policy for any new bike as well.
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CBT - Oct 13. Theory - July 14. Mod 1 & 2 - June 15.
Rides a Fazer like an idiot... Edit: Now ride a Fazer Thou...

[Dcwhite1984]

[Matt B]

Give you an example from after buying my ZX12R the other week.

New policy using 2 years NCB from a previous bike- £114

Cost to swap onto my current policy from FZ6 I just sold with 8 years NCB - £280

Ridiculousness.
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stinkwheel: He had an animated .gif of a cat performing fellatio. It's not socially acceptable. It can have real life adverse effects on other people.

[Snop Doog]

Thanks for the advice & info

[Rogerborg]

[arry]

[Rogerborg]

[arry]

[Rogerborg]

[arry]

You're quite correct - hence multicar policies are becoming more and more available.

However those with multiple vehicles are already benefiting from the lower base and still have the opportunity to benefit from multiple NCD when they've earned it. It's not all bad news.

Besides - bike insurance being a couple of hundred quid on average it's hardly rocking people's lives

[Snop Doog]

I hate finding threads on Google when a definitive answer isn't provided so this is for anyone who may be in a similar position to me.

I phoned up my insurance company today and I was told that I could change the bike on my policy from a CBF125 to a YZF-R125 at no extra cost to my premium. I'd only have to pay a £20 admin fee which I think is reasonable.

[iooi]