Insurance New Bike In The Stable Multi-bike Or Separate Policy?

Hi all,

Well I am hoping to soon take delivery of my new (to me) 2014 T100 Bonnie which will be joining my Sprint RS. The Sprint is currently, very reasonably, insured with Triumph Insurance. Never had a multi-bike policy in the past and so have no idea of the ins and outs but I have seen it said online that it can work out more expensive than just taking out another policy. Thoughts and advice would be greatly appreciated.

 

Whilst you may have full no claims bonus on your current policy making it quite a reasonable price, you will have to start again with no ncb on your new bike. This may be expensive. Have a word with your current insurer to see what options they can offer. When I have had 2 bikes I always found that a multi bike policy worked out to be very reasonable on cost. It could even be cheaper to cancel your current policy and replace it with a multi bike jobby! Crazy?? Well, we are talking insurance here!! Try comparison websites to see what is out there.

 

I just added my new SS to my existing policy for my ZZR1400. The Z's policy was due for renewal the the week before I bought theSS. I just called them (Kawasaki Insurance) and asked if they could make it a multi bike policy and they said yes, no problem. The upshot was that I renewed the Z's insurance for more or less the same price as last year, added the SS a week later for £40 and can also add the Berg in December when it's policy runs out and just renew one policy next year for all 3.
Years ago we had something called a Rider Policy which just had a cc limit, 500, 750, 1000 or unlimited and you could own as many bikes as you liked with none of them actually listed on the policy documentation. The insurance companies eventually dropped this type of policy for obvious reasons. I had one for my first 10 years of riding.

 

I usually insure two bikes all year round with full ncb but found on a multi bike it costs far too much. This year I’ve insured my bonneville as a zero ncb and it’s not much more than it used to be on full ncb. All three bikes added together is still a lot less than one multi for me

 

Well, here is the facts of my case m'lud

Only back at this biking game for a couple of months so far so no motorcycle NCB.

No car NCB either, which I didn't know. You see, for the last six or so years since my wife became disabled we have had motability insurance and for some reason, even though I am the main driver with my wife very, very rarely behind the wheel the Motability folks advised us that she should be down as the lead driver so all the NCB that has been accrued is hers and not mine apparently. On the plus side I gather this means that, should I have an accident in the motability car it won't be taken into account for any policies I have in my own name so I reckon it's probably a 'win' rather than a negative.

Having said that, my fully comp insurance with Triumph (with no voluntary excess and no NCB) for my 2002 Triumph Sprint RS was only, I think, £195 for the year.

I'll have a shot at the comparison sites while I am waiting for her to be delivered to get an idea of the prices.

 

I’ve had the same experience as Tigcraft this year.
For the past couple of years I’ve managed to get a good price on a policy that mirrored my NCB on the second bike (R9T and Daytona for £220 FC) but with the new KTM this year the cheapest I could get was nearly £700 for them both together.
I’ve insured them separately now and it’s over £200 cheaper.

 

I have to admit I had one too guys. And very good (read cheap) it was too. I agree with your comment about road tax DD, but it was much cheaper back then even relatively when you add in inflation. When I have to pay £93 p.a. for both my Thruxton and my Tuono it makes my 163 bhp Beemer car look ridiculously cheap at just £30 for 12 months. I really can't see how they justify charging £93 for any bike over 600cc, but thats DVLA for you again. Bloody hell, its only just past 7 am on a Monday morning and I'm moaning already.

 

Just looking for quotes for my my Bonnie which is scheduled to arrive on the 20th of July (I hate having to wait for goodies!) and gone through both the QuidCo comparison site and also directy with Triumph Insurance. Triumph insurance didn't come up on the Quidco comparison site but is pretty much in the same vicinity as the other companies are offering on there. One thing I am not really chuffed about is that all of them are only offering policies with £500 compulsory excess where I thought it would be more like £250. Is £500 the norm for a bike of around £5,500 value?

Out of interest, when I put the registration I have been given for the bike into Quidco they see it as a 2012 Bonneville ANV 110 - Does this make sense to the Bonneville experts here?

 

Multi bike policies are a great idea only having one robbing c@nt to deal with if they were the same price as insuring separately but they're not
I've four insured at one time
Example Yamaha MT 01/Bsa A10 multi policy £350 separately MT01 £90 A10 £55

 

£500 min excess does seem high to me, but as usual your age, experience, no claims, where you live etc. etc. all go into the mix, so we really are all different when it comes to working out insurance risks. Theres no such thing as a level playing field when it comes to this subject.

 

£500 min excess does seem high to me, but as usual your age, experience, no claims, where you live etc. etc. all go into the mix, so we really are all different when it comes to working out insurance risks. Theres no such thing as a level playing field when it comes to this subject.

 

I think I will phone Triumph Insurance and see what they can do. With my Sprint they chopped a good bit off the online quote when I phone 'em. As to the Excess, the thing is that I live in the middle of nowhere, am not far south of 50 years old, the bike has a Triumph alarm fitted and will be locked away securely on private property, the only negative is no NCB. With my Sprint it's only £250 compulsory excess though it is only a third of the value as a bike. I was a bit surprised that the compulsory excess was so high.

 

Try Asda compare

 

Insurance is an utter minefield with an infinite number of variations and circumstances. There is probably no perfect solution when buying it but we all have had different experiences, good, bad and indifferent. All you can do is check the comparison sites and make a few calls. Multi-bike policies have worked for me in the past but, as has already been said, they may not work for others or for you and your particular set of circumstances.

 

Shafters the lot of them. Came back to biking.......no NCB, paid a colossal premium. Later added sissy bars and, as per policy, told the insurer. The firkin bastids said they had to issue a new policy and upped the premium. Once the years up I'll dish the beans on these fekkers.

 

I took a policy out with Bemoto after I explained to them that I'm looking at adding a 2nd bike, so I'm considering a Multi bike policy.
What they did was to offer a solution that wasn't multi bike but was two policies with NCD mirroring. Worked out best for me as they said I could add the policy at any time (I said I don't know when I'll be adding a 2nd bike with the pandemic going on).

 

Good luck with that
I insured the kids fiesta with a view to add my son on his seventeenth birthday checked with the company were happy to do this
The time came and they were very happy as the additional premium was £2500!!
I cancelled it called them all the c@nts under the sun
Went elsewhere for a reasonable £500
Lying robbing and moral free the lot of them

 

I understand your sentiments, but Bemoto already provided a quote based on my current Street Triple 675 and a potential Multistrada 1200s and it was very reasonable.

 

I can never understand why the no claims cant be applied to both bikes. Its an absolute con. You can only ride one bike at a time ffs
I am looking to insure the GS with my rocket but couldn't find a comparison site that has multi bike options

 

Bemoto do exactly that. They mirror your no claims discount on two separate policies.