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Go Back   REVscene Automotive Forum > Automotive Chat > The John Norwich Riders Corner

The John Norwich Riders Corner In honour of our fellow moderator: John Norwich R.I.P. September 17th, 2014
Buy, sell, trade bikes and gear, set up bike rallies, meet discussions. #revscenebikes

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Old 12-10-2008, 10:48 PM   #1
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Cancelling Insurance

stupid question, but thought i'd try here anyways:

tomorrow my bike insurance comes up to three months, since thats the minimum amount of time you have to pay for insurance.
its only insured for four, but i'm not riding it anymore.
i know there is a penalty for cancelling the insurance, so is there no point in cancelling? i am paying something like $89/month.

THANKS.
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Old 12-10-2008, 11:49 PM   #2
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I dont think I got charged for cancelling the insurance, in fact, I got a refund for that month. I think the charge comes when you restart your insurance next year.
I dont know how much storage insurance is, but your monthly insurance is pretty cheap!
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Old 12-11-2008, 12:43 AM   #3
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The fee is like $30 to cancel insurance. However, the fee will be waived if you decide to get storage insurance.
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whole time i thought gh0strider was white lol

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Old 12-11-2008, 03:30 PM   #4
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^ Yup. Since you aren't riding anymore, do a number crunch at Autoplan and see if it's cheaper to transfer to Storage (buy the minimum amount unless you want to insure it until next season). Transferring to Storage waives the plate fee, since you are keeping your plate.

Last edited by slammer111; 12-11-2008 at 11:49 PM.
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Old 12-11-2008, 06:15 PM   #5
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when you cancel your insurance they take the plate back. but yes, getting storage insurance will waive your cancellation fee
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Old 12-11-2008, 06:54 PM   #6
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you have to return the plate when you get storage insurance as well.
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whole time i thought gh0strider was white lol

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Old 12-11-2008, 11:49 PM   #7
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^ Oops you're right, my bad. I didn't bother putting storage on mine, in which case the broker said I can just let it expire. Expired plate is still on the bike

Last edited by slammer111; 12-11-2008 at 11:49 PM.
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Old 01-08-2009, 08:36 PM   #8
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Originally Posted by TRD604 View Post
The fee is like $30 to cancel insurance. However, the fee will be waived if you decide to get storage insurance.
always have storage insurance on your bike.they r sooo ez to steal,trust me some1 stole one of mine.its cheaper than buyin a new bike,plus jealous people vandalize ...my 2 cents is always have ins on your bike.
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