Motorbike No Claims Discount about to expire. What to do?

tchelo_uk

Hi All,


I have sold my motorcycle little less than 2 years ago while I had 2 full years NCD.
Have kept my car which will sum 4 years NCD at the end of this year.


I am not yet in a position to buy another motorcycle but aware the no claims discount will "expire" when it is 2 years old.
I am exploring the best options.


I could buy a very cheap motorcycle just to keep the NCD going? And If I sell it later, how long do I need to keep a bike so it refreshes this old NCD with a new 2 years?


I take I cannot have the bike in the same car policy and benefit from the 4 years can I?


Ideally I should renew this NCD so then I am not tied to one insurer or very few ones.


Any help here is much appreciated.


Have a nice day.


Marc.

facade

You cannot add 2 no claim bonus's together.

Strikes me as an expensive way to keep a couple of years no claims bonus. It will likely work out cheaper to just let it go and pay full price next time.

You need to do the maths to see if it is cost effective or not.

You can insure a moped or something that is SORNED, needs no MOT, in fact, it doesn't even need be a runner.

Buellguy

facade wrote: »

You cannot add 2 no claim bonus's together.

Strikes me as an expensive way to keep a couple of years no claims bonus. It will likely work out cheaper to just let it go and pay full price next time.

You need to do the maths to see if it is cost effective or not.

You can insure a moped or something that is SORNED, needs no MOT, in fact, it doesn't even need be a runner.

BUT, depending on what bike you want to run after you have had the little one to keep your NCB going. A lot of insurers ask 'what size bike have you been riding in the last couple of years?' You normally need to be running over 600cc to keep the benefit you need to run a big bike (think that makes sense!!) i.e. if you've had a 50cc scooter for a couple of years then try and insure a litre plus bike they will up your premium as no bike bike experience for a while.

arcon5

Just a though.... if you take out a new policy then cancel it within 14 days will they return the NCB and give you a new date......

Quiet_Spark

arcon5 wrote: »

Just a though.... if you take out a new policy then cancel it within 14 days will they return the NCB and give you a new date......

That is exactly what a broker friend did for my other half when she got a lease car, only we cancelled within 18 hours of taking the policy out.
Although he is a personal friend, there is no way he would get involved in anything even remotely dodgy as that would be the end of his business and career so quite legal to do.

tomkut

How about short term insurance (1day)?

mjoneseyjones

Buellguy wrote: »

BUT, depending on what bike you want to run after you have had the little one to keep your NCB going. A lot of insurers ask 'what size bike have you been riding in the last couple of years?' You normally need to be running over 600cc to keep the benefit you need to run a big bike (think that makes sense!!) i.e. if you've had a 50cc scooter for a couple of years then try and insure a litre plus bike they will up your premium as no bike bike experience for a while.

I've never been asked what I've been riding before on any of my motorcycle policies

Rolandtheroadie

mjoneseyjones wrote: »

I've never been asked what I've been riding before on any of my motorcycle policies

I've been asked the largest cc I'd had before, possibly Hastings?

goosander

Probably best just accepting that you will lose your NCB, anything you do to keep it is unlikely to make financial sense.

I got back in to biking earlier this year after a long break and the insurance was only £100 fully comp for a 600cc bike with no NCB, which was a pleasant surprise.

tykesi

mjoneseyjones wrote: »

I've never been asked what I've been riding before on any of my motorcycle policies

Most if not all the comparison sites ask this. Possibly only for the benefit of one or two companies but it is asked.

Norman_Castle

How much is your 2 years motorcycle ncb worth?.