Insurance recommendatioons

[Gromitdog]

Hi Roo

Chew is looking good and ready for a outing, Nice work ready 😎  for the General's  outing !  🤗

gromitdog

[Laverdaroo]

Cheers ‘Dog’, an update on the scenario is that  bc with no NCD, license since 94, no excess, fully comp………£92.00 from Swindon.

Great result for the LHG, she’s well chuffed.

Maiden flight tmrw


Sent from my iPhone using Tapatalk

[Gromitdog]

Hi Roo & LHG ,

Nice one on the subject of insurance companies I have copied the companies down and will have a phone round when its next due in March, But will phone up in late Feb 21 days before its due ) as I was told many years ago the less risk they have on the books the better the quote will be..... So if you do your insurance in winter its cheaper than renewing in the summer 🤗

Have a safe trip out tomorrow and enjoy the ride 😎

Regards
🐕 😎

[Bryanj]

A thing came up today is compare quotes 23 days before yours runs out as you are considered a lower risk if you renew before you have to

[McCabe-Thiele (Ted)]

I have heard that if your renewal is in the last few days of the month then you often get a better quote if the insurer has a an even demographic spread of risk that month.

I think the term Screenscrapers was used for this search process, less so theses days with the giants like Go Compare & Compare the Meercat!

[Laverda Dave]

I've just bought a s/h Royal Enfield Interceptor (not a Honda but it is a sohc  ). Maybe I should have checked the insurance aspect before I bought it but I didn't because I thought I could just add it to my existing Peter James policy as lets face it, its A2 compliant and it won't rip my arms out of my sockets when I accelerate.............and that's when the trouble started!

Peter James were really, really helpful when I called them but said they couldn't insure it as it was too modern for them (a bike has to be 20+ years old for the policy I have with them so I'm lucky the mighty VFR is now 25 years old even if it is still a rocketship!).
I went on the MCN GoCompare site in the end. The cheapest was Hastings Direct but they had a big excess. I settled on Swinton Insurance and paid £184 for fully comp (£30 of that was a new business tax, in other words, a stealth tax!).

What really p****d me off though was although I have held motorcycle insurance since I was 17 and only had one accident in 2001 (not my fault) apparently insuring motorcycles on classic policies only gives you 'No Claims', it does not give you any 'No Claims Discount', a play on wording that could cost you £000's if you insure a modern bike!

Fair play though to Swinton, the third agent I spoke to (the previous two agents couldn't answer my questions) gave me the maximum 9 years NCB on the policy as I hadn't had any accidents since 2001 and despite only having the 'No Claims' criteria from PJ. Without the NCB discount the policy would have cost £340  .

It pays to shop around and ask questions.

[Laverdaroo]

New business tax? WTF??

Rae never got charged any of that Dave, that sounds a bit of a ‘made up tax’ tbh, I’ve never heard of it before, I’d be questioning that……..


Sent from my iPhone using Tapatalk

[McCabe-Thiele (Ted)]

Ive heard of IPT its about 12% on premiums I think.

Might be that Brokers have additional charges to pay for new business to an underwriter so they have to show any comission fees ?

[Laverda Dave]

You are correct Ted. Now it's nearly nearly finished and therefore big enough to be stolen I added Ratty to my existing classic insurance policy with PJ. It cost £10 but I had to pay an additional £20 admin fee!
They get you every way!

[Matt_Harrington]

Roo, if you weren't aware, Adrian Flux & BikeSure are the same guys and have been competitive for me (half of the fleet) The rest I put on with OneCall. Out of all the companies I have called recently, Flux was the easiest to talk to and deal with. I have had classic car with RH Insurance for years but they are now part of Howden and not worth dealing with. Be interesting to see what my quotes come in like for the F800....

[Johnwebley]

Ive heard of IPT its about 12% on premiums I think.

Might be that Brokers have additional charges to pay for new business to an underwriter so they have to show any comission fees ?

It's just a government tax,



Sent from my SM-A546E using Tapatalk