insurance companies

I insured my motor bike at the start of April for £148. I then took the bike for a service on Monday and whislt it was been service I test rode a new FZR800ABS and yes I went and traded my bike in for a new the one.

However contacted my insurance who stated an extra £211 plus £45 admin fee so total £404 for the year.

Phone around and got quotes for around £135 for the yr

When I phone them up I was told it because its a new policy so soon after starting the policy, When I asked how much I would get back if I cancelled the policy I was told £125 plus a fee of £45 yes admin what a bloody joke

Just insured my daily driver, Mrs Early has had two claims in last 3 years, I haven't had any. But adding her to policy brings the cost down  :dontknow:

The car insurance industry is bonkers

I feel your pain mate. The problem is " admin " are always a non-profit making side to a company. With business so tight at the moment, a lot of companies have put these fees in place!

Not good!  8O

This sort of thing was on watchdog last night with admin fees. It does seem that it is not regulated but companies just go by what others are charging so basically if one does it all the rest do.
I had an experience of wanting to increase my mileage on classic insurance and there was no difference in cost for the extra mileage but the admin fee to do it was £65.00. decided not to go ahead seeing as the original policy cost £130 for the year.

Dan

jacob said

I insured my motor bike at the start of April for £148. I then took the bike for a service on Monday and whislt it was been service I test rode a new FZR800ABS and yes I went and traded my bike in for a new the one.

However contacted my insurance who stated an extra £211 plus £45 admin fee so total £404 for the year.

Phone around and got quotes for around £135 for the yr

When I phone them up I was told it because its a new policy so soon after starting the policy, When I asked how much I would get back if I cancelled the policy I was told £125 plus a fee of £45 yes admin what a bloody joke

who do you insure your bike with I use Footman James and use my membership discount to get a good deal worth trying the insurance companies who we deal with here as you should still be able to use the discount.