Saving no claims

[A500leroy]

Been without a bike for a year, would I be wise getting hold of a 50 to just insure while ive got the chance to save my no claims?

[Tribal Chestnut]

Run a through sample bikes through a comparison site with/without NCB, then weigh up agains the cost of buying/insuring something small.

[lukeyman]

You've got up to 2 years anyway.

Why not buy the 200cc bike you we're thinking about? Even if it's just a project for a while. My Honda Benly would only be about £70 to insure for a year.

[A500leroy]

Must admit im looking at a Suzuki Inazuma.

[Seight_Returns]

Absolutely yes..

I stopped riding 10 years ago thinking I was done with bikes.

Decided to get another last year. Very annoying having choice of bike constrained by insurance which I rebuild some no claims.

[Scorched yellow]

A500leroy said:

Must admit im looking at a Suzuki Inazuma.

I've got one and it's actually great fun. Cheapest thing I could find to insure (*spits* scooters included).

[moto_traxport]

lukeyman said:

You've got up to 2 years anyway.

Why not buy the 200cc bike you we're thinking about? Even if it's just a project for a while. My Honda Benly would only be about £70 to insure for a year.

When you get to the end of your 2 year period and your going to lose all your ncb what’s stopping you just insuring ‘anything’ you might not even own to keep it going.

Asking for a friend etc and morally / legally probably dodgy but if someone was advertising a non functioning moped / pile of bits with a reg plate on eBay it might be tempting to keep your max ncb going while you decide whether your going to ever ride again.

[Zarco]

Seight_Returns said:

Absolutely yes..

I stopped riding 10 years ago thinking I was done with bikes.

Decided to get another last year. Very annoying having choice of bike constrained by insurance which I rebuild some no claims.

It would have been worth owning a bike for 10 years, but not riding it, just for NCB?

[Tribal Chestnut]

Zarco said:

Seight_Returns said:

Absolutely yes..

I stopped riding 10 years ago thinking I was done with bikes.

Decided to get another last year. Very annoying having choice of bike constrained by insurance which I rebuild some no claims.

It would have been worth owning a bike for 10 years, but not riding it, just for NCB?

And only then ‘just in case’ you maybe fancy another one day…

[marky911]

Seight_Returns said:

Absolutely yes..

I stopped riding 10 years ago thinking I was done with bikes.

Decided to get another last year. Very annoying having choice of bike constrained by insurance which I rebuild some no claims.

+1

Same here. Sold my GSXR, Blade and R1 back in 2012 thinking I was done.
Came back to it this year and had to pay £350 TPFT on a 20 year old R1.
When I gave up riding I was paying £93 per year for the R1 with the brand new GSXR750 costing an extra £15.

Don’t lose the NCB!
See if a mate has something lying around you can insure. Even if you don’t touch it.



We all come back. Once it’s in you, it’s in you.

[Dingu]

moto_traxport said:

When you get to the end of your 2 year period and your going to lose all your ncb what’s stopping you just insuring ‘anything’ you might not even own to keep it going.

Asking for a friend etc and morally / legally probably dodgy but if someone was advertising a non functioning moped / pile of bits with a reg plate on eBay it might be tempting to keep your max ncb going while you decide whether your going to ever ride again.

Depends if the saving is worth insurance fraud. You’ll have to lie about some of the questions and if found out will always be answering yes to having insurance cancelled and a lot of insurers, rightly, wouldn’t want much to do with you.

In conclusion probably not worth the gain.

[Tribal Chestnut]

Dingu said:

moto_traxport said:

When you get to the end of your 2 year period and your going to lose all your ncb what’s stopping you just insuring ‘anything’ you might not even own to keep it going.

Asking for a friend etc and morally / legally probably dodgy but if someone was advertising a non functioning moped / pile of bits with a reg plate on eBay it might be tempting to keep your max ncb going while you decide whether your going to ever ride again.

Depends if the saving is worth insurance fraud. You’ll have to lie about some of the questions and if found out will always be answering yes to having insurance cancelled and a lot of insurers, rightly, wouldn’t want much to do with you.

In conclusion probably not worth the gain.

So insuring a non-runner that you intend to get on the road again is insurance fraud…? You’re right, definitely deserves to suffer if he pulls that one.

[black-k1]

Tribal Chestnut said:

Dingu said:

moto_traxport said:

When you get to the end of your 2 year period and your going to lose all your ncb what’s stopping you just insuring ‘anything’ you might not even own to keep it going.

Asking for a friend etc and morally / legally probably dodgy but if someone was advertising a non functioning moped / pile of bits with a reg plate on eBay it might be tempting to keep your max ncb going while you decide whether your going to ever ride again.

Depends if the saving is worth insurance fraud. You’ll have to lie about some of the questions and if found out will always be answering yes to having insurance cancelled and a lot of insurers, rightly, wouldn’t want much to do with you.

In conclusion probably not worth the gain.

So insuring a non-runner that you intend to get on the road again is insurance fraud…? You’re right, definitely deserves to suffer if he pulls that one.

I think that the comments were more around insuring a bike you don't own rather than one that is not on the road.

Definitely worth finding something really cheap to insure and keeping the insurance going if you intend to return to biking.

[HughiusMaximus]

Can you not insure a bike if you dont own it?

Surely its not an issue if you declare that to the insurer? (I have never tried it but know there are registered keeper questions on most insurance search engines)

[black-k1]

HughiusMaximus said:

Can you not insure a bike if you dont own it?

Surely its not an issue if you declare that to the insurer? (I have never tried it but know there are registered keeper questions on most insurance search engines)

It can be a challenge. Possible but may well cost more than the saving benefit of keeping NCD.

[LosingGrip]

I’d try and save them personally.

Sold my GSXR in 2018 and paid £300 fully comp.

Insured a 1200GS this year with zero no claims and I’ve paid £800 for the year.

[RazerSauber]

marky911 said:

Seight_Returns said:

Absolutely yes..

I stopped riding 10 years ago thinking I was done with bikes.

Decided to get another last year. Very annoying having choice of bike constrained by insurance which I rebuild some no claims.

+1

Same here. Sold my GSXR, Blade and R1 back in 2012 thinking I was done.
Came back to it this year and had to pay £350 TPFT on a 20 year old R1.
When I gave up riding I was paying £93 per year for the R1 with the brand new GSXR750 costing an extra £15.

Don’t lose the NCB!
See if a mate has something lying around you can insure. Even if you don’t touch it.



We all come back. Once it’s in you, it’s in you.

Surely this would depend on the time you don't want to ride for? In the example quoted, assuming you didn't want to ride for 5+ Years, you'd be better off not insuring and taking the hit if/when you come back to riding. If it was less than 5 years then sure, keep something insured. Hard to tell what you're going to do in years to come though.

[AClownsPocket]

I dont see the point personally. I had full no claims and when I checked the pricing against what I would have paid as having zero NCB, the difference was about 70 quid. I was paying nigh on 500 quid a year to save 70 quid.

[Seight_Returns]

The best price renewal for my 2005 VFR800 with 2 years NCB is £180. With no NCB it would be £440. With a full NCB it will be down to around £120 which will take me another 3 years to build up.

Third party only on an old 125 SORNed and tucked away in the back of the garage with a full NCB is about £50.

Also most insurers will allow a gap of 2 years for a NCB to still be valid so you'd only need to insure the off road 125 one year in three to keep a full NCB. So on average it would have cost me about £18 a year to keep my NCB. Plus I'd have had an old bike ready and waiting to wobble around on to get used to riding again, rather than drop my new Panigale.

Based upon my circumstances (others will of course differ) - keeping an old bike insured whilst I was taking a break from riding would still have been cost effective unless my break from riding was well over 20 years.

I'm not aware of any insurer's questions that I would have answered dishonestly if I did this.

Edited by Seight_Returns on Monday 13th December 13:10

[stupidbutkeen]

I just checked out how much it would cost me to insure my spare bike again.
£195 with no ncb added for a fzs1000
to insure with my full ncb the same bike was just under £100.

My gsx s1000 which is insured using my ncb was £125 but without would have been over £440.

Oh and to insure a 50cc bike wasn't any cheaper than the fazer