No experience of this but I've had my ducati monster now for about 5 months and the lad I bought it from is keen to buy it back from me. I love the monster but it does feel quite small for me as I'm 6'2".
Now as a new rider I'm could be up for trying different bikes to see how they feel on me.
The thing is if I cancel my insurance policy what refund would I expect to receive?
If I transferred my policy onto a different bike what kind of cost do you think I'd be looking at.
I'm present with Ducati insurance at £290 per year (paid in full) for a monster 695.
I could be tempted to try something different but not if it's going to cost me a fair whack.
Also what bikes would you recommend £3k budget likely...
You'd be better to try and get a new bike and then just call the insurance company up and give them the new details.
If you cancel your policy before it reaches it's end, you'll lose any no claims you'd built up during that particular policy.
Try going on the comparison sites to give you a rough idea on the different insurance pricing of bikes.
You sometimes find that your existing insurer might not be able to offer cover on the new bike so you'd be forced to cancel then take out a new policy. I suspect this would be the case with Ducati Insurance. If they can transfer then it's an admin fee plus additional/less premium depending on your new bike.
If you want a refund then the scale will be in your policy somewhere.
Oh also don't be tempted to keep an insurance policy going on a bike you no longer own just to help your no claims. I can't remember the exact details but someone came very badly unstuck by doing that.
Rockhopper - Member
Oh also don't be tempted to keep an insurance policy going on a bike you no longer own just to help your no claims. I can't remember the exact details but someone came very badly unstuck by doing that.
Have a look [url= http://1000rr.co.uk/general-1000rr-discussion/12755.htm ]here[/url] re that issue; it's a link to the CBR1000RR forum.