Author Topic: Insurance quandry  (Read 2902 times)

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  • Offline GarySN

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    Offline GarySN

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    Insurance quandry
    on: Mar 23, 2017, 10.28 am
    Mar 23, 2017, 10.28 am
    I'm about to p/x my bike for a new model, and casting around for insurance quotes.  I'll be moving house soon, so I'm stating the new address as the basis for my quotes.  My existing policy expires shortly after the new policy will begin?

    Using MCN Compare, best deal is with my current insurer.  So, do I take up the quote and register as if from new, or will they at some stage object, based on the fact they're my current insurer and they'll want to charge me admin fees for change of bike and change of address on my existing policy?

  • Offline capobob

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    Offline capobob

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    Re: Insurance quandry
    Reply #1 on: Mar 23, 2017, 11.45 am
    Mar 23, 2017, 11.45 am
    Just be truthful....it ain't worth the hassle if something goes pear shaped in between and they start wriggling!
    It all started with a 1959 Vespa 125 Super.......
    KMX125 KMX200 DRBIG 750 TDM800 R1100RS CAPONORD VARADERO.......

  • Offline Hartley   england

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    Offline Hartley

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    Re: Insurance quandry
    Reply #2 on: Mar 23, 2017, 12.09 pm
    Mar 23, 2017, 12.09 pm
     :0461:

    Id explain and see what they say.


  • Offline Crosstourer

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    Re: Insurance quandry
    Reply #3 on: Mar 23, 2017, 12.44 pm
    Mar 23, 2017, 12.44 pm
    You'd need to amend your existing policy for the new bike to start on the day you collect your new bike. Usually most insurers allow an overlap for both machines on the day of exchange. You could well be stung for an admin charge for this but thats how it is.

    If you take up the quote then it's effectively another policy which potentially would be partly incorrect as generally (with a few exceptions) you can't have the same NCD's on two different policies. Not only that they could also be giving you a new business discount on the quote. What you need is a quote to change your existing policy.

    As for the house move you'd need to put your current address at the time the new policy starts even if you move a week later. You could take the risk but if something happened in that interim period then you've had it. Again an admin fee may well apply to the change  :021:

    Like Hartley says, I'd ring them and try and do the whole lot (with all changes) in one go   :028:

    BTW - have you tried Bikesure for a quote ?

    Might be worth giving them a ring 0800 032 5350

  • Offline Yasko   england

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    Offline Yasko

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    Re: Insurance quandry
    Reply #4 on: Mar 23, 2017, 01.53 pm
    Mar 23, 2017, 01.53 pm
     :0461: Excellent advice.
    Bill

  • Offline capobob

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    Offline capobob

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    Re: Insurance quandry
    Reply #5 on: Mar 23, 2017, 03.02 pm
    Mar 23, 2017, 03.02 pm
     :0461: apart from the Bikesure bit....Tried to more than double my premium this year...!
    It all started with a 1959 Vespa 125 Super.......
    KMX125 KMX200 DRBIG 750 TDM800 R1100RS CAPONORD VARADERO.......

  • Offline GarySN

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    Offline GarySN

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    Re: Insurance quandry
    Reply #6 on: Mar 23, 2017, 03.48 pm
    Mar 23, 2017, 03.48 pm
    Thanks for the advice everybody -  definite consensus there!

  • Offline Yasko   england

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    Offline Yasko

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    Re: Insurance quandry
    Reply #7 on: Mar 23, 2017, 03.49 pm
    Mar 23, 2017, 03.49 pm
    My experience (and goes for all insurances), choose new insurer with good quote and first year premium is good value. Second year 20% to 30% higher and the third year anything between 50% to 100% (with no change in personal details). They feed off customer inertia. Bennetts for my second year quote with full no claims, no convictions etc,  has gone up 25% inclusive of £20 handling fee. Insurance premiums have gone up 30% in the last two years plus the government have raised the compensation rate for lifelong injuries meaning larger payments for insurance companies (and NHS) and guess who is going to pay for that!! As members have said before you gotta shop around.
    Bill