Multi-bike Insurance No Claims Bonus / Discount

gwernybwch · Nova Slayer Joined: 30 Jul 2008 Karma :

I'm not sure if it was just me that didn't know this, but I thought that I would share it anyway.

Effectively a multi-bike insurance is ONE POLICY, therefore even though you have several bikes that haven't been nicked / you wrapped around a tree etc, from a no-claims bonus perspective they will consider that you effectively only had one motorbike.

So if you change from multi-bike insurance to insuring your bikes on single policies, you will only have one No Claims Bonus certificate and only one NCB certificate to be applied, therefore in effect that your 2nd, 3rd etc bike will be treated as zero years No Claims Bonus.

Hahadumball · World Chat Champion Joined: 07 Oct 2015 Karma :

I knew this, but I do not get why you cannot use ncb on more than one vehicle, I can only use one at a time for a start and I still haven't had an accident so why does it matter.
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gwernybwch · Nova Slayer Joined: 30 Jul 2008 Karma :

Hahadumball · World Chat Champion Joined: 07 Oct 2015 Karma :

Capt Sisko · Borekit Bruiser Joined: 22 Jan 2022 Karma :

What happens to a multi bike policy after a total loss of one of the bikes on the policy?

On a standard single bike insurance policy if your (as opposed to a third party) insurers pays out for a total loss, that's it for the policy. They insured the bike, they've paid out for the loss thus fulfilling their part of the contract and the policy is terminated*. When you get a new bike you have to take out new policy.

Anyone had experience of what happens with a multi bike policy and a total loss claim?

*Many people don't realise this and assume the policy will roll onto the next bike. If you pay monthly you'll also be required to pay the remainder of the annual sum, and usually in one go. This can feel really harsh if you're in the early months of you policy, but it's only you fulfilling your part of the contract.

Polarbear · Super Spammer Joined: 24 Feb 2007 Karma :

Just another insurance moan to get it off my chest.

Remember I had my Jags rear end stove in by a lorry and written off? Well I had my insurance renewal up and it's gone up over £100 for each car I own. Twisted Evil

Protected no claims and a non fault accident and I get hit with a huge rise in payments. Insurance is a *&^%.

I've got the bike insurance in just over a months time and if that goes up stupid amounts I might have to consider getting rid of, or at least downsizing as I can't justify the amount I spend on my toys now, let alone if the premiums go through the roof.

Ah well, I suppose its time to hit the Meercats or the opera singer and try and reduce premiums. Thing is, with direct line who I was with when the Jag got totaled were brilliant from the settlement point of view, I had the money in my account in a couple of weeks so I'm loath to change after hearing horror stories about some other insurers.

In the end though, if you don't have an accident it doesn't matter does it and I was with MCE for many years with my bikes because they were the cheapest.

Anyone know who has the reputation as the cheapest bike insurer now? God, what a pain insurance can be.
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doggone · World Chat Champion Joined: 20 May 2004 Karma :

MarJay · But it's British! Joined: 15 Sep 2003 Karma :

For me it was Carole Nash for years, but now it's Bennetts for some reason.
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gwernybwch · Nova Slayer Joined: 30 Jul 2008 Karma :

Mr Hammers · World Chat Champion Joined: 10 Jul 2008 Karma :

I was annoyed when i found out recently that i couldn't use my no claims discount on two bikes too. Had the Mutt on one with Hastings first, then when insuring the Triple they said i couldn't use my NCD on the Triple as it was being used on the Mutt.

In the end i cancelled the Mutt (and pleasantly surprised to see i only lost a few quid in cancelling) and insured both on a multibike policy with Bikesure...using the NCD for both.

I've always preferred Bennets, but their quote was £1,095 and Bikesure was £350. Shocked

No brainer!
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