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Telling Car Insurance?

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Bally-
Nova Slayer



Joined: 10 Mar 2015
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PostPosted: 10:14 - 09 Apr 2016    Post subject: Telling Car Insurance? Reply with quote
Hi, stupid question probably... I know you're supposed to tell your insurance company stuff...

If I've got car insurance (where I said I've got 1 car and access to 1 other) and then I get a bike (with separate bike insurance policy), am I supposed to tell my car insurers I've now got access to a bike?
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Val
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Joined: 03 Nov 2012
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PostPosted: 10:22 - 09 Apr 2016    Post subject: Reply with quote
Not if they have not asked in first place.

When I have done my car insurance there was no question about owning a bike and vice versa when I have done my bike insurance there was no question about owning a car.
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Rogerborg
nimbA



Joined: 26 Oct 2010
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PostPosted: 14:35 - 09 Apr 2016    Post subject: Reply with quote
How could it have any possible relevance to your car insurance?

Regardless of whether they asked when you took out the policy, no, no I would not tell them.
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Bally-
Nova Slayer



Joined: 10 Mar 2015
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PostPosted: 15:31 - 09 Apr 2016    Post subject: Reply with quote
Stupid question it is then Thumbs Up
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NJD
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Joined: 11 Mar 2015
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PostPosted: 16:27 - 09 Apr 2016    Post subject: Reply with quote
Can someone take the time to explain to my ill informed self what the purpose of this question is when getting an insurance quote.
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Copycat73
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Joined: 11 Jan 2013
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PostPosted: 17:59 - 09 Apr 2016    Post subject: Reply with quote
NJD wrote:
Can someone take the time to explain to my ill informed self what the purpose of this question is when getting an insurance quote.


some companies will give a discount for other vehicles bein in the household and the proposer having access to them.
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techathy
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Joined: 09 Aug 2015
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PostPosted: 18:44 - 09 Apr 2016    Post subject: Reply with quote
Probably not worth in mid-policy but informing my insurance company that I own & have insured a motorbike they took £10 off my premium. Okay it's not much but I'll take any reduction in premium.
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Pjay
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Joined: 18 Jan 2016
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PostPosted: 19:07 - 09 Apr 2016    Post subject: Reply with quote
Rogerborg wrote:
How could it have any possible relevance to your car insurance?

Regardless of whether they asked when you took out the policy, no, no I would not tell them.


My daughter was hit from behind on her bike, the guy that hit her did so in traffic and she was at a compete stop. Luckily the police were there and saw it all.
Long story short, she is fine, he got fined and points, but when her car insurance came up for renewal, she didnt mention it and they found out and charged her another £50 on top of her premium.

I phoned them and argued that as the policy/cover had no effect on the no claims as she couldn't use her car bonus, they shouldn't penalise her for claiming on a written off bike, especially when it was not her fault.

They said it is policy to see it as a claim and adjusting the premium is normal.

Also she lowered the price of the bike when insuring it as I bought it for her as a gift and she had no idea how much it was, so she put £600. The market value was £1300 when it was written off, but they argued that it was insured at £600 and so would only pay that. I argued that if the market value was £300 they wouldn't pay the £600 then would they? They agreed with me but said it was 'policy'.

It seems insurance companies want it both ways and get it.

I've also heard of people's home insurances going up due to a claim on holiday insurance cover.

They are scum.
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bamt
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Joined: 14 Dec 2013
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PostPosted: 19:17 - 09 Apr 2016    Post subject: Reply with quote
Copycat73 wrote:
NJD wrote:
Can someone take the time to explain to my ill informed self what the purpose of this question is when getting an insurance quote.


some companies will give a discount for other vehicles bein in the household and the proposer having access to them.


It can also work the other way. My son is insured in my car, it's the only vehicle he is insured to drive, whereas my wife and myself can drive/ride any of the vehicles. There are more cars/motorbikes than drivers in our house; my car insurance went up once that happened (with him on the policy), presumably as this means he is more likely to have the car available to him than if it was a shared resource that had more limited availability for him. At 18 he was the major cost loading factor on my car insurance (though in a fairly surreal way he added the same cost to my V8 Jag insurance as he would to my wife's Mini insurance).
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techathy
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Joined: 09 Aug 2015
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PostPosted: 20:18 - 09 Apr 2016    Post subject: Reply with quote
bamt wrote:
It can also work the other way. My son is insured in my car, it's the only vehicle he is insured to drive, whereas my wife and myself can drive/ride any of the vehicles. There are more cars/motorbikes than drivers in our house; my car insurance went up once that happened (with him on the policy), presumably as this means he is more likely to have the car available to him than if it was a shared resource that had more limited availability for him. At 18 he was the major cost loading factor on my car insurance (though in a fairly surreal way he added the same cost to my V8 Jag insurance as he would to my wife's Mini insurance).

The emboldened text is the problem. The premium increase being about the same will be because the risk is 3rd party pay out not payouts on the vehicle its self.
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bamt
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Joined: 14 Dec 2013
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PostPosted: 20:47 - 09 Apr 2016    Post subject: Reply with quote
Yes, I realise that. And that's why the number of vehicles in the house makes a difference to the risk for the insurer, rather than it being a simple case of there being a declared number of miles and drivers.
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M.C
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Joined: 29 Sep 2015
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PostPosted: 21:56 - 09 Apr 2016    Post subject: Reply with quote
Pjay wrote:

I phoned them and argued that as the policy/cover had no effect on the no claims as she couldn't use her car bonus, they shouldn't penalise her for claiming on a written off bike, especially when it was not her fault.

That really f'ing annoys me. If you have to declare accidents for both, NCB should apply to both as well. I know a few insurers accept bike NCB, but most don't Evil or Very Mad

Quote:
Also she lowered the price of the bike when insuring it as I bought it for her as a gift and she had no idea how much it was, so she put £600. The market value was £1300 when it was written off, but they argued that it was insured at £600 and so would only pay that. I argued that if the market value was £300 they wouldn't pay the £600 then would they? They agreed with me but said it was 'policy'.

Hang on, wasn't it the other parties fault, so they were claiming off the other persons insurance? Yet they still argued over the value? Is this a new thing, that you're meant to be an expert on bike prices, or predict how the market's going. I'll be insuring my bike for 10k from now on, and holding them to that Very Happy

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They are scum.

They sure are!
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Pjay
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Joined: 18 Jan 2016
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PostPosted: 22:40 - 09 Apr 2016    Post subject: Reply with quote
It boils my blood.

The other party was liable and so should lose his no claims and his premium should rightly increase, but to make the fkin person being hit pay more is a disgrace and should be illegal.

There seems to be very little in the way of monitoring what these thieves can use to up your premium and lower your payout.
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M.C
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Joined: 29 Sep 2015
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PostPosted: 09:03 - 10 Apr 2016    Post subject: Reply with quote
Pjay wrote:

There seems to be very little in the way of monitoring what these thieves can use to up your premium and lower your payout.

Yep. At least bike isn't as bad as car insurance. Still can't work out why fully comp's almost always cheapest with cars (or a smidge more than fire & theft), and why older/cheaper cars cost more to insure than newer ones.

Bike insurance at least seems to go by value, and you can can take out a cheap TPO policy when you have no/v.little NCB. I understand insurers worry about the damage you do to the other party , so on a bike you'll likely kill yourself first Smile, but how does having an older car change that?
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techathy
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Joined: 09 Aug 2015
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PostPosted: 10:08 - 10 Apr 2016    Post subject: Reply with quote
M.C wrote:
Pjay wrote:

There seems to be very little in the way of monitoring what these thieves can use to up your premium and lower your payout.

Yep. At least bike isn't as bad as car insurance. Still can't work out why fully comp's almost always cheapest with cars (or a smidge more than fire & theft), and why older/cheaper cars cost more to insure than newer ones.

Bike insurance at least seems to go by value, and you can can take out a cheap TPO policy when you have no/v.little NCB. I understand insurers worry about the damage you do to the other party , so on a bike you'll likely kill yourself first Smile, but how does having an older car change that?

older cars are more likely to be crashed as generally people who are more sensible have more money to spend on a car.

There's also oddities like I've got the top of the range engine in my car, it costs me £200/year to insure. Why? Because those spending the extra 15% premium on top engine are the sorts of people who actually care about & look after their car. The next engine (25bhp down) down cost £375/year & all of the 4-pot engines were around £400-£420/year.
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Rogerborg
nimbA



Joined: 26 Oct 2010
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PostPosted: 14:44 - 10 Apr 2016    Post subject: Reply with quote
bamt wrote:
Ythat's why the number of vehicles in the house makes a difference to the risk for the insurer, rather than it being a simple case of there being a declared number of miles and drivers.

This is the bit that makes no sense.

If I declare that I'm going to do 3000-3999 miles on a bike, what bleedin' difference does it make that I'm going to do 3000-3999 on another bike, and 3000-3999 in a car? They're not insuring me against risks in other vehicles.

Conceivably it reduces the chance of any one vehicle out of 3 (4 actually) being nicked, or if I'm doing more miles in total then perhaps I'm a lower risk (while on/in one particular vehicle) than someone who's only doing a few thousand miles in total.

But you know what I've never been asked when buying insurance? "How many miles do you drive/ride a year in total?"

If they meant to ask that question, they can go ahead and ask it rather than trying to infer it.
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iooi
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PostPosted: 15:19 - 10 Apr 2016    Post subject: Reply with quote
M.C wrote:
Still can't work out why older/cheaper cars cost more to insure than newer ones.
but how does having an older car change that?


Logic dictates that someone with a older car will care less if it gets into a battle.

New car drivers are always more careful (unless company car) Thumbs Up
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M.C
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PostPosted: 17:55 - 10 Apr 2016    Post subject: Reply with quote
techathy wrote:

older cars are more likely to be crashed as generally people who are more sensible have more money to spend on a car.

So why does the same not apply to bikes? Insuring an old Bandit or GPZ which you don't care about throwing down the road, costs less than a newer bike (even if it's a 250), yet in the car world a 1.2 Clio costs more than a 2.0L Scirocco.

And before anyone starts with the whole more Clio's are crashed argument, check any older car. It's all a con to keep prices artificially high. The RX8 is a good example, insurers see it as a 2.6L or something stupid, when there's no distinction (far as I'm aware) for 2-stroke motorbikes.
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grr666
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Joined: 16 Jun 2014
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PostPosted: 19:05 - 10 Apr 2016    Post subject: Reply with quote
Calling 'arry.
I have an insurance question too. If I'm transporting my bike in my own van, (Van insured for trade use) and theoretically
I crash (for purpose of the argument my fault) damaging both my van and my bike. Do I claim for the lot on my van
policy or would there have to be 2 claims made.
There seems to be no information on my policy regarding what the load can or can't be, no value restrictions, nothing.
My policy DOES cover my tools though.

Entirely theoretical, but after driving my bike down to London a couple of weeks ago it did make me wonder what if???
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bamt
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Joined: 14 Dec 2013
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PostPosted: 19:12 - 10 Apr 2016    Post subject: Reply with quote
Rogerborg wrote:
bamt wrote:
Ythat's why the number of vehicles in the house makes a difference to the risk for the insurer, rather than it being a simple case of there being a declared number of miles and drivers.

This is the bit that makes no sense.

If I declare that I'm going to do 3000-3999 miles on a bike, what bleedin' difference does it make that I'm going to do 3000-3999 on another bike, and 3000-3999 in a car? They're not insuring me against risks in other vehicles.


With multiple drivers it can make a difference. My son costs 10x as much to insure as me. The car is declared as mine (true), with me being the main driver (true). Nowhere do they ask what %age of the miles he does - it could be 49%, it could be 1% (assuming I'm not lying in saying I'm the main driver hence doing most miles). By me having access to other vehicles and him not, I'm assuming it tilts their thinking towards him being closer to 49% than 1%, and hence riskier. Of course, they could just ask how many miles each of us does...

As for why Mrs Bamt's bike insurance costs more because she parked her car on a hill near work and someone else's car rolled into it (full recovery made) and more again because she made a windscreen claim her car, I can only speculate.
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