New Rider Bike Insurance

[Xinthus]

Ok Just passed my Test and now have a full motorcycle licence, updated my Insurance to represent the fact that i now hold a full motorcycle licence well knock me down with a feather, Jumped £129 for the remaining 4 months of the policy,

What insurance companys do you guys recommend to try for a first time full licence holder with currently NCB if im to cancel this policy..

Seams CRAZY to pay so much more for 4 months, and its a third of my policy as well.. So Not impressed.. still riding a 125cc honda CBF.. as no big bike yet..
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CBT passed 22/01/2012 Theory Test Passed 14/04/12
Mod 1 Passed 17/09/2012 2nd time Mod 2 Passed 09/10/2012 1st Time
CBR600f oct 2012- May 2013, Kawasaki ZR7s May 2013 - Present day

[Firkit]

Whilst it's a bitter pill it may be that keeping the policy and getting your first year of NCB is actually worth more than £129. If you cancel and start a new policy then NCB will be 12 months away not 4.
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Previous bikes: Dreadful Chinese "Suzuki" 125, '91 Kawasaki KH125, '83 Suzuki GSX550
Current bike: '97 Yamaha Thundercat

[Flatbadger]

I'll be keeping an eye on this thread! Some of that may be a charge for changing the terms of the policy.
____________________
If you can keep your head when all about you
Are losing theirs and blaming it on you,
You're in ISIS

[Xinthus]

[panrider_uk]

[Xinthus]

[Flatbadger]

You might arrange an overdraft with the bank if you haven't already, and pay it in one go - might be cheaper.
____________________
If you can keep your head when all about you
Are losing theirs and blaming it on you,
You're in ISIS

[Firkit]

I'd take the hit, pay the £129 now to secure the NCB in four months - but only if you aren't intending to buy a bigger bike before the existing policy runs out. If you are planning to upgrade then I'd ditch this policy now to save the admin charges for changing it since it seems to be a rare insurer that will let you change to a bigger bike on a policy taken out on a 125.

If you are paying the extra then you could save by whacking it on a 0% card, or even by using your overdraft. Either are going to be cheaper than either the horrible 29.9% from the insurer or the 17% on your existing card.
____________________
Previous bikes: Dreadful Chinese "Suzuki" 125, '91 Kawasaki KH125, '83 Suzuki GSX550
Current bike: '97 Yamaha Thundercat

[Xinthus]

[Firkit]

[Xinthus]

[Magnet]

[quote="Xinthus"]Ok Just passed my Test and now have a full motorcycle licence, updated my Insurance to represent the fact that i now hold a full motorcycle licence

quote]

I wouldn't have informed them, there is no legal requirement for you to do so. I was with Bennets when I passed and they made no charge for simply updating my details on their computer.
When I tried to update my insurance from my 125 to my 600 they said they couldn't do it and then said I would be charged £50 to cancel my policy with 9 months remaining. My policy was only £58 for the year I argued that I was being forced to cancel and they ended up refunding my whole £58

I then went with H&R insurance who charged me £90 for my GPZ600R TPO, well impressed
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It’s not that I’m so smart, it’s just that I stay with problems longer.

GPZ600R Sold, Now ZZR600

[DonDino]

[Xinthus]

[Magnet]

Legaly the insurance would still have to pay out any claim as you havn't mislead them by not informing of your pass. They can only invalidate a claim if you have mislead them in a way as to save premium. The main charge here is an admin charge. I personaly have NEVER paid an admin charge as I just tell them I will go with another company. They have always toddled off, spoke to a manager and got back to me with " Sir, this time we will waive the charge"

At the end of the day I don't charge the insurance company for sending me incorrect insurance documents, I merely call them up and ask for it to be rectified.

When it comes to money and insurance, its always worth a polite moan on the phone
____________________
It’s not that I’m so smart, it’s just that I stay with problems longer.

GPZ600R Sold, Now ZZR600

[Rogerborg]

[DonDino]

[theburger]

I only recently passed my test and got my insurance through Carole Nash. £270 fully comp including tax, UK and European breakdown, covered to ride any other bike and 60 European cover.

I thought that was quite good considering my first bike is a Speed Triple 955!

[Rogerborg]

[DonDino]