View Full Version : Insurance time again.
Well it's that time of the year again for the motorbike insurance.
I'm quite chuffed with the results I have got but just wondered if there was any good deals anyone else had seen like free gifts, ;-P
So for I've got Business Class 1 insurance for 20K with all my mods included and a pillion for £230! :-) now I think that's a bit of a result. With one years no claims bonus. Last year it was £480 which I thought was good but this year is even better! ;-P
Springbokki
22-01-11, 09:52 AM
Where as me, who had an RTA due to someone else's fault, has seen my insurance go from £350 fully comp, to over £1000 fully comp! On anything bigger than a 125cc!
Something seriously wrong there!
hongman
22-01-11, 02:24 PM
I think insurance is generally going up everywhere. My business insurance for the motor was £800 last year FC with 3 years NCB.
4 Years NCB this year, no changes, and its gone up £200.
Did some checking around and everyone else wants £1400! WTF.
MisterTommyH
22-01-11, 02:36 PM
Car insurance has gone up. Bike insurance has gone down. No reasons. Go figure...
I have just renewed mine. Considering all the talk of premiums going up, I tried thebikeinsurer.co.uk for a comparison site. Was quite chuffed with the results, about three brokers coming in at £90 then steady increases of a tenner per broker. Considering the cheapest last year was around £50 more (I had max no claims last year as well).
Had my renewal from Carole Nash. They wanted £178. Told them I'd be going elsewhere as that is nearly double what I had been quoted and the premium miraculously dropped to £137. That is still cheaper than I was paying them last year and the benefits of the cover outweighed the cheaper quotes I got from the comparison site so I have stuck with them again this year.
Car insurance has gone up. Bike insurance has gone down. No reasons. Go figure...
Same here, my car insurance went up and bike came down.
Under no circumstances, never ever, do not bother with Hastings Direct! Although they quoted me a reasonable premium dealing with them is like pulling teeth! All their staff seem to be part time call centre workers who know absolutely nothing about bikes or insurance! They take ages to answer the simplest questions. I was on the phone on Tuesday for over an hour trying to get some information on my insurance and then they couldn't do it so they said they would call me back................still waiting! What a shower!
Scrawf
ManxMatt34
22-01-11, 04:49 PM
I've been with Ecar for my car insurance. And there renewal quote came back about £220 higher than the previous year... with better parts in my favour... i.e. 1 year older, 1 year extra ncb so on so on.
As stated above car insurance appears to have gone up generally.
Bike wise is a different story, last year i re-insured my SV650 for £550 and now i'm looking to buy a 955i Sprint (higher insurance group). Best deal so far is ££370 for the year. Matt.
Well admitedly my insurance is only TPFT but still good price. Its £600 for fully comp and I'm trying to save the pennies at the moment.
Think almost everyone is finding their premium rising. My car insurance jumped by over £400. But then I have been a naughty boy recently. :roll:
metalmonkey
22-01-11, 09:12 PM
Carol Nash I have been with them for a few years, what I get is a good deal I have comp insurance.
fizzwheel
22-01-11, 09:37 PM
I've been with Ecar for my car insurance. And there renewal quote came back about £220 higher than the previous year... with.
They did similar to me. Went up by £110 with no justification from them. Their renewal price was more than price that confused.com was saying that they would insure me for.
They dont insure my car anymore...
Shop around, ring round, and be prepared to change your insurance company every year. Seems to me that they dont attach any worth to customer loyality anymore...
yorkie_chris
22-01-11, 09:48 PM
Car insurance has gone up. Bike insurance has gone down. No reasons. Go figure...
Been so icy noone has been riding at all over winter?
metalmonkey
22-01-11, 10:02 PM
Its more that car insurance is a higher risk, than bikes are hence bike insurance is less.
MisterTommyH
22-01-11, 10:13 PM
Been so icy noone has been riding at all over winter?
Maybe, but I'd have thought they'd have been used to there being a riding season as all the policies are 12 months.
Ticked over to 4 years car no claims, and 1 year bike no claims. Anyway, at least one of them has dropped.
starsky72
22-01-11, 10:34 PM
I've been pricing up for a prospective purchase, £120 fully comp, which I was pleasantly suprised at :)
I've been pricing up for a prospective purchase, £120 fully comp, which I was pleasantly suprised at :)
What you looking at? :-P
EssexDave
22-01-11, 11:41 PM
What you looking at? :-P
Push bike
Bluefish
23-01-11, 12:10 AM
Push bike
:D
EssexDave
23-01-11, 12:16 AM
:D
You think I'm joking. I got an insurance quote for a road (push) bike at £60 odd a year.
Thought F-that probably covered on household anyway..
Years ago I claimed off my house insurance when one of my kids knocked over my mates gsxr whilst she was playing outside the house. The insurance tried to to squirm out of it by stating the motorcycle should have been on the centre stand. :roll:
starsky72
23-01-11, 10:44 AM
What you looking at?
cant recall if that was the quote for the 650 or the 1000 (fully comp)
one of the benfits of approaching 40 I guess :)
Stu
To be honest, you get the premiums you deserve.
If you are knocked off, and you go to a "non fault" accident provider, who will put you on even a 50-125cc scooter at over £50 pd, or £90+ per day (+ vat) for a bike over 600cc, and then get bullied/persuaded into claiming compensation by the accident management company, who with solicitors fees earn more out the process than you do, then regardless of fault, someones got to pay eventually.
You sit on a hire bike for 6 weeks whilst insurers investigate fault, trying to get hold of witnesses, police reports, and even reports from the motorist, just "because you dont want to pay the excess" then when the bills come in for £2-3k for hire, and then that trivial bruising that becomes "soft tissue/whiplash" after a talk with the nice man in the white coat, + solicitors costs, and the repairs that were £1500, become a claim for £7k.
If you *want* that level of expense/service after an accident, you got to pay through the nose for insurane to pay for it.
Next time you report an accident, and they say "have a free bike", ask *who* is paying? And then ring the insurer direct, and say you'll catch the bus for the next couple of weeks, for £10 a day inconvenience instead. You get a couple of hundred, the insurers save a couple of thousand, and if everyone does it, premiums drop.
Ok, not suitable for everyone, but many bikers dont use their bikes all year round, or also own a car. But essentially, the costs of claims have gone through the roof in the last 10-15 years, due to so many people getting their nose into the insurance companies trough, from expensive storage (Someone like 4th Dimension in west london charge £20 per day to store valueless wrecks for as long as possible on receiving instructions from all these "worthy" accident management companies), to broker commisions for "selling your claim on" to solicitors and hire companies".
Its simple. If claims costs come down, premiums come down.
yorkie_chris
23-01-11, 01:52 PM
OTOH if some pillock knocks me off, why should I have to get the bus with smelly people because they drag their heels admitting it? Why doesn't THEIR policy go up, don't see why it should cost me a penny.
Springbokki
23-01-11, 02:09 PM
To be honest, you get the premiums you deserve.
If you are knocked off, and you go to a "non fault" accident provider, who will put you on even a 50-125cc scooter at over £50 pd, or £90+ per day (+ vat) for a bike over 600cc, and then get bullied/persuaded into claiming compensation by the accident management company, who with solicitors fees earn more out the process than you do, then regardless of fault, someones got to pay eventually.
You sit on a hire bike for 6 weeks whilst insurers investigate fault, trying to get hold of witnesses, police reports, and even reports from the motorist, just "because you dont want to pay the excess" then when the bills come in for £2-3k for hire, and then that trivial bruising that becomes "soft tissue/whiplash" after a talk with the nice man in the white coat, + solicitors costs, and the repairs that were £1500, become a claim for £7k.
If you *want* that level of expense/service after an accident, you got to pay through the nose for insurane to pay for it.
Next time you report an accident, and they say "have a free bike", ask *who* is paying? And then ring the insurer direct, and say you'll catch the bus for the next couple of weeks, for £10 a day inconvenience instead. You get a couple of hundred, the insurers save a couple of thousand, and if everyone does it, premiums drop.
Ok, not suitable for everyone, but many bikers dont use their bikes all year round, or also own a car. But essentially, the costs of claims have gone through the roof in the last 10-15 years, due to so many people getting their nose into the insurance companies trough, from expensive storage (Someone like 4th Dimension in west london charge £20 per day to store valueless wrecks for as long as possible on receiving instructions from all these "worthy" accident management companies), to broker commisions for "selling your claim on" to solicitors and hire companies".
Its simple. If claims costs come down, premiums come down.
Okay, I see what you mean. But, when you're involved in an RTA and in no way is it your fault, the bike is destroyed, you're hospitalised, and have a lovely list of injuries then I expect a reasonable payout.
But do no expect to have to pay a higher premium.
Costs should be carried by the third party/their insurers involved in RTA, not levied on me!
Plus, didnt use a "loan" bike!
Sorry if this reads as a bit of a rant.
Okay, I see what you mean. But, when you're involved in an RTA and in no way is it your fault, the bike is destroyed, you're hospitalised, and have a lovely list of injuries then I expect a reasonable payout.
But do no expect to have to pay a higher premium.
Costs should be carried by the third party/their insurers involved in RTA, not levied on me!
Plus, didnt use a "loan" bike!
Sorry if this reads as a bit of a rant.
You missed the point I was making. I was talking about premiums *generally* rising, due to the costs of providers of services to non fault accident victims. Not individual premiums rising after a specific notifiable accident.
Certainly wrecked bikes, hospitalisation, are outside the scope of what I am talking about. But most claims are not like this. And loan bikes are ususally the very highest cost part of your claim.
If claims generally that used to settle for £1500, now settle for £7500, then thats why premiums will be 5 times higher! This is due to say people being persuaded not to use their own insurer to "save paying the excess" which is recoverable in any event of being a non fault accident, and means that persons claim is handled by an accident management company. This means for their own profits, they will put you on a like for like bike, almost regardless of if you need it, for as long as posible.
If, reasonably, the other party thinks you might be partially at fault, and insurers investigate this, then whislt you ride around on that non fault bike at £100 per day, and your bike isn't being fixed, the claim costs are ramping up. So by "not using your comprehensive insurer", who will repair regardless of fault, just to "save your excess", you might well add £3k to your claim costs, miuimum.
These accident management companies generally have their own agenda, and are using riders for their own profitability. Now, the more insurers pay out, the more they need to recover in premiums.
Accident victims have a resonsiblity to keep losses to a minimum, if you want *everyones* premiums to be lower.
Hiring a bike you can do without, and delaying claims by waiting for liability to be sorted when you can get a repair straight away, and not claiming for that minor bruising or short lived "twinges", and manning up a bit, would massively cut premiums. Most short term bike hires on credit outweigh the cost of a new bike. If the bike is written off, and you can replace it say on a credit card, why not do so, rather than incur the same cost on a dodgy "credit agreement" for a hire bike, and then still have to buy a replacement bike anyway when the cheque comes through?
All I am saying, is if you want to make large claims, for storage, recovery, hire, and solicitors fees, doctors report fees, after event insurance premiums, and minor personal injuries we used to shrug off a few years ago, then work out your small part in why you pay so much in insurance every year.
Im sure we all have fault accidents from time to time from which we recover quickly, apart from lasting embarassment from mates. So why do the same accidents when someone else is involved, all involve £2k legal fees and a £2k payout?
Its up to you riders really. Next time you have a non fault accident, then as you get "automatically" referred to these providers, either accept their services, or consider what they are really doing for you, and for everyone else, and tell them why you wont be using their services. Your choice.
Springbokki
23-01-11, 04:17 PM
Aha, sorry Juju.
Jumping the gun I was.
I see what you mean, this "I'm owed something" society we now live in.
They did similar to me. Went up by £110 with no justification from them. Their renewal price was more than price that confused.com was saying that they would insure me for.
They dont insure my car anymore...
Shop around, ring round, and be prepared to change your insurance company every year. Seems to me that they dont attach any worth to customer loyality anymore...
Moneysavingexpert has a good tool on their website, if you type in your job title and your yearly premium it gives you a list of alternative job titles and how much you can save by using the different job title.
I've just done this and got some quotes on go compare.
Last March I got quotes from there and the cheapest was £530ish for my car. This time around, with a change in job titles for both myself and the missus and the cheapest quote has come in at £484.
Not a massive saving from last year on the face of it, but given that premiums are supposed to be going up, the vat increase, and the fact that I have had to make a claim for the wife reversing into a parked car a week or so ago, then the saving actually looks pretty good, especially when my current insurer quoted £800 when I checked online last month before the accident claim (which has steadily increased from £350 in the last three years, been insured with them for around twelve years so know where your coming from on the customer loyalty front).
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