Changing Insurance from 125 to 600cc...

[GhostRider]

Mornin',

So I've got my test lined up, my Hornet waiting on Ice for me, now I'm curious as to how to go about taking care of the insurance.

I have a current policy out for my NSR125 which was started in February of this year, paid in full.

So I guess my question is.... do I cancel this policy and take out a brand new policy for the new bike (will this affect NCB?) and if I do this how long would I be looking at for refund of the remaining monies owed? Or do I just amend the details of the current policy and pay the difference?

Im guessing the latter option makes the most sense, but just wondering if theres some reason to go with the first option...

Cheers,

GhostRider
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[Wafer_Thin_Ham]

Depends which works out cheaper.

Remember to take into account any fees your existing insurers will hit you with (usually about a £30 "admin" charge).

If the difference is huge like it has been for me a couple of times it still works out far cheaper to swap.
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[Peirre oBollox]

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[wizzzard]

Your current insurer may not even want to cover you on a 600 so you may have to take out a new policy. Run a few online quotes before you ring up to change your bike details that way you will know how much they are trying to lift your leg by
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[MaybeGuy]

it was bad enough with me going from a 125 to a 400 for the last 4 months of that policy... they asked for an extra £400 to do that... thats £100 a month!!

instead i took out a new policy for £350, for 12 months at 18 with 0ncb... making sure i used a different company.

then i got insured on my GSXR for £241 at 19...

sold it, bought an R6...

id had been insured on the GSXR for about a year and a half...

to swap it from GSXR to R6 they wanted over £900!

needless to say, im no longer insured with them, and im paying £271 at 20.

so yes. if you want cheap, get a new policy. unfortunatly though, i lost 6 months no claims as a result of cancelling my GSXR policy.
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[GhostRider]

I already ran a quote for a 2000 Hornet through my current insurer and got ~£450 quoted.

Though I should have mentioned I already have 1yr NCB and am 25...........

But I don't know if they have any admin charges to I shall look out for them, thanks!
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I have all the characteristics of a human being: blood, flesh, skin, hair; but not a single, clear, identifiable emotion, except for greed and disgust. Something horrible is happening inside of me and I don't know why. My nightly bloodlust has overflown into my days. I feel lethal, on the verge of frenzy. I think my mask of sanity is about to slip.

[iooi]

I would call your ins co up 1st and ask them, if you can.....

Many brokers will use different underwriters and many specialise in 125 and will not let you change to a larger bike.

So while a online quote may come up, if could be with a different underwriter and not the one you are with now.
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[Ingah]

Just to re-iterate what other posters have said:

Watch out on "changing the bike mid-term". As many insurers really badly shaft you from it, especially when changing to a higher-risk bike.

Just ask for the price, making it clear you are just asking. This alone may force you to cancel and get a refund (which they have to provide on a almost pro-rata basis, else you can argue against them as they are legally obliged to have fair cancellation terms - won't stop most of them from trying it on though). Then obviously take your money elsewhere, and lament the loss of the NCB.
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[Dezeaz]

when i moved up from a 125 to a 600 they wouldnt let me use/update the current policy.

Had to cancel that and take out a new one

[chris-red]

They wanted £200 to change my RXS100 policy to a Speed Four for a month I got a full policy for a year for £550
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