View Full Version : has something changed with insurance?
I just did a quote on my bike insurance out of curiosity and each offer is actually more than what I'm paying right now even tho I am assuming by then to have 1 year no claims!!! What is going on???????
The EU has decided that men and woman should pay the same and no longer get the cheaper rates base on gender.
I heard of that but to this extent??? That's a MASSIVE INCREASE!!! My jaw just dropped to the floor!!!
Wideboy
20-12-12, 08:19 AM
Welcome to the real world ladies
;)
I will actually be paying more than I am right now!
Yup, same thing happened to me in September even though my no-claims increased to 3 years. Insurance went up by more than £150 !
So what I did was I rang my insurer (Swinton) and asked about how much renewing the policy would cost. After they gave me the price I told them I would shop around and ring back.
I "shopped around" for a few days then when they rang me back, I said that I found a really cheap quote (Cheaper than my previous year) from a compare website. They asked for the quote reference number but I said I didn't have it.
The salesman put me on hold while he spoke to his manager and when he came back, he beat the fake quote I gave them! (Y)
;)
Dude, it's almost £700 per year for an SV! I'm hardly riding an R1!!!!
Wideboy
20-12-12, 08:22 AM
You'd think by increasing female premiums the hikes would level out across the industry but all my premiums have gone up more than what I paid the year previous
This is daylight robbery!!! I know you can get some kind of boxes to track your safety in cars and work out insurance this way. Can you get that for bikes?
P.S that's £700 a year 3RD PARTY FIRE AND THEFT only!!!!!!
Musne, I will try that when the time comes...
missyburd
20-12-12, 08:29 AM
Dude, it's almost £700 per year for an SV! I'm hardly riding an R1!!!!
Fookin heck. Is that cos you're in London? That's compared to the £230 I paid TPFT for my first year on the SV (after one year no claims on 125), second year a little bit more...
And baring in mind it's only recently changed so any quotes you do now they'll be taking the mick, will probably have calmed down a bit by summer next year...she hopes fervently...
I am in London (fairly central) and the bike is parked on the road (pavement in fact) chained to a lamp post. No alarm. But I did try with alarm out of curiosity and it made no difference to the quote whatsoever.
This really does take the biscuit! £700!!!!!!!!!!!
tigersaw
20-12-12, 08:45 AM
mine went down to under £100 for up to 4 bikes. I love being old.
This is daylight robbery!!! I know you can get some kind of boxes to track your safety in cars and work out insurance this way. Can you get that for bikes?
NO NO NO! Don't even go there! (I don't know if you can)
missyburd
20-12-12, 08:54 AM
I am in London (fairly central) and the bike is parked on the road (pavement in fact) chained to a lamp post. No alarm. But I did try with alarm out of curiosity and it made no difference to the quote whatsoever.
This really does take the biscuit! £700!!!!!!!!!!!
Ah. Mine's oop norf in a locked garage. Musne's advice might be key in your case!
Geodude
20-12-12, 09:08 AM
How much extra has it gone up by Agy?
At the moment I'm paying 600 odd per year and looks to be the same or more. The shocker is in the fact that after your first year you expect to FINALLY see a difference in your premium. I'm pretty sure in the olden days I would have been paying at least 150 less
SUPERSTARDJ01
20-12-12, 09:22 AM
I just got a quote last year my street triple r (675) was around £550 now I have a BMW K1200R with an extra yr NCB £375.
Spank86
20-12-12, 09:23 AM
At the moment I'm paying 600 odd per year and looks to be the same or more. The shocker is in the fact that after your first year you expect to FINALLY see a difference in your premium. I'm pretty sure in the olden days I would have been paying at least 150 less
Maybe a bunch of people claimed in your post code.
Geodude
20-12-12, 09:24 AM
Mine gone up a few quid each year for the last four years so im still waiting for it to come down and have no claims either. Hope the price hike doesn't take you off your bike.
Not just yet LOL
The time saved (about 1-2 hours each day) by NOT using public transport cannot be measured in monetary terms :D
But then again, I could go back to cycling everywhere. Totally free!
Dicky Ticker
20-12-12, 10:35 AM
Agy,not meaning to be personal but do you have a UK Licence or are you using an EU licence? Age and postcode is more than likely to be your killer but apart from trying ALL the comparison sites I don't know what to suggest.
I change my insurers regularly as often going to a new insurer gets you an introductory discount or cash back which compensates for any increase.
Currently paying £122 with £20 cashback for a 1000cc Triumph fully comp 6000miles p.a. but the bike is alarmed,garaged and max NCB.
I alternate between Bennetts and Swinton
I have a full UK driving licence for 10 years (not had a car for years tho). I am 30 years old
Musne, I will try that when the time comes...
Yes I strongly suggest you do, I don't like to put up with their robbery so easily. Last year my premium was around £300.
The guy I spoke to said something like "Great news, you can renew your policy and pay less than you did the previous year!"
I thought, "Fantastic, I wonder how much cheaper!" And when I asked him, he said £460. As you can imagine, I threw a (calm and collected) fit telling him it's more expensive and I have 3 years NCB etc etc.
A couple of days later they ring back and I give them a false quote and they lowered their original quote down to £240. :wink:
I have a full UK driving licence for 10 years (not had a car for years tho). I am 30 years old
Wow! And you're paying £700!! :O :O
I'm 23 and with licence held for over 3 years and 3 years NCB.
Where in the country are you?
Something ins't right here.... £700 really is excessive for TPFT!!! When I mentioned to some people a while back what I'm paying now they suggested I complain somewhere as it's absurd. Can't remember where tho... anyone knows??
yorkie_chris
20-12-12, 10:53 AM
There is noone to complain to.
Just have to shop around.
Where in the country are you?
I had the bike registered in Kent, Gillingham to get the cheapest price. It was about £600 when registered in London, Wembley.
dizzyblonde
20-12-12, 10:55 AM
We are dreading the car insurance when it comes in February. I won't say how much it is, as its hefty. Even though my OH is main driver, and has maximum no claims, been driving for over 20 years, they penalise me for being a driver of 2 years and being aged 35! So now with the female equality thing, its going to be even more extortionate than it already is. It wouldn't matter if we only had the Citroen, or a Micra, they penalise me on any motor.
However, now going into my 8th year of NCB on the bikes, being aged 36 in Jan, it will be interesting come May. Both are on Classic insurance fully comp. Bearing in mind the VRap is in a particularly high group, this yrs premium, was £217 with £120 excess!
Pegs just renewed his for the ZZR, and that went up by 50 odd quid, to £220, 5yrs+NCB, at age 42.
Everybody is getting hit, no matter the age or NCB.
Agy, you do realise that TPFT is not always the cheapest option !.
Go on comparison website, choose comprehensive. After retrieving the quotes select TPFT to get prices - you'll be surprised to see they're not always cheaper.
bluesv k5
20-12-12, 10:58 AM
I have a full UK driving licence for 10 years (not had a car for years tho). I am 30 years old
Which comparison sites do you use?
Have you tried http://www.thebikeinsurer.co.uk/ ?
RobG650
20-12-12, 11:00 AM
Just to weigh in here, I passed my test in Jan-12 - first bike is my current '03 SV650. Insurance was just over £300.00, just re-insured with Hastings direct for £13.57 per month.
Fully Comp, No Excess and Kit cover. I'm 26, one years No Claims - but being married, , home-owner, having children, living out of town, bike parked in garage on private property all help lower your risk!
I had the bike registered in Kent, Gillingham to get the cheapest price. It was about £600 when registered in London, Wembley.
Ah that makes more sense! It's my postcode for sure then! I'm in Battersea :(
Agy, you do realise that TPFT is not always the cheapest option !.
Go on comparison website, choose comprehensive. After retrieving the quotes select TPFT to get prices - you'll be surprised to see they're not always cheaper.
I'll try!
Which comparison sites do you use?
Have you tried http://www.thebikeinsurer.co.uk/ ?
Yep used that one and a few others too
Ok just checked fully comp...........1100-1600!!!!!!
I'll try!
Alright, good luck! Remember, when it comes close to your renewal date, make sure you talk to your current insurer on the phone and say you've had much cheaper quotes elsewhere ;)
Ok just checked fully comp...........1100-1600!!!!!!
:o :compcrash:
My current insurer is so cheap (mere 600 odd quid a freakin' year!!!) they don't even have a normal phone line!!! You can contact them by email or a premium phone line!!!
Spank86
20-12-12, 11:08 AM
Wow! And you're paying £700!! :O :O
I'm 23 and with licence held for over 3 years and 3 years NCB.
Probably partly because car no claims doesn't count for much on a motorbike.
timwilky
20-12-12, 11:09 AM
I have bike, car and van insurance all with maxed out NCB. Every year they go up. I have tried to combine 2 but get nowhere. I cannot be ridding/driving all at the same time but are charged for the fact I could. All are comprehensive with protected no claims.
GSXR 600 £113
1.2 Clio £180
1.9 Dispatch £400. although this also includes business use which is unnecessary for me but lets the lad use it should he need to.
My experience is insurance never goes down. It stays at about what you first pay when you take out a policy.
My current insurer is so cheap (mere 600 odd quid a freakin' year!!!) they don't even have a normal phone line!!! You can contact them by email or a premium phone line!!!
saynoto0870.com
It's not even an 08 number... it' 0300 or something...
they save money on everything to get you the cheapest [agy coughs] quote
Our car insurance went up a Third in october!! £400 now pluss upped the exsses to £310!!
And as sarah had a crunch a few weeks ago its going to be loads next year.
I got the SV for its low running/insuring costs.... for god's sake what do you have to ride to get a normal quote???!!!
RobG650
20-12-12, 11:30 AM
Always check with £0 excess also, that was cheaper for me than £200 excess.
It's not even an 08 number... it' 0300 or something...
they save money on everything to get you the cheapest [agy coughs] quote
0300 is free from landlines. If you don't have a landline, use a telephone box :)
chezvegas85
20-12-12, 11:31 AM
Crikey, the joys of being a northerner. Tpft for me is £75.46, 3 years ncb, garaged, 27 yo n with a curvy.
0300 is free from landlines. If you don't have a landline, use a telephone box :)
ah must be something else then 0500 or 0900 I don't know... but it's very expensive
ah must be something else then 0500 or 0900 I don't know... but it's very expensive
Ok, well try the saynoto0870.com website, they have all kind of companies and numbers.
Or tell me the insurance company you're with, I'll dig up a number for ya.
i have 08 wizard on my phone but this one is different. they do it specifically to make some money. cannot be avoided.
Sir Trev
20-12-12, 12:19 PM
I had the bike registered in Kent, Gillingham to get the cheapest price. It was about £600 when registered in London, Wembley.
Would not suggest doing this. Tell the insurer where you're really living or they could worm out of a claim.
Agy - I'm afraid that living in a part of London that's normally on fire is your problem, as is your lack of driveway or garage. Shop around as the others have said but with the dropping of gender-based risk assessments in premium calculations there is little you can do about it.
I've alternated between Biketeam and Motorcycledirect for quite a few years. These and Bennets ( not recommended by a lot of people ) always gave good quotes, but my two usuals went up a lot last year. Tried Hastings Direct and got a really good rate ( can't remember how much but was happy ). My renewal has just come through at £170 fully comp which sounds good, but I need to check last years price tonight to make sure.
Details are: - SV000SZ, not a good postcode in Stockport, Garaged and a chain lock. I don't think I took legal because the firms they put you onto are pretty poor and you can get loads of No win no fee motorcycle laywers if you need them for a non fault accident.
Ratty
ouch, I pay £75 TP F&P but I'm old ;-)
I'm currently with ebike. was the cheapest. was with swinton last year on my 125. as i upgraded bikes after full test i had to sacrifice 5 months insurance and start afresh on the new bike
SuzukiNess
20-12-12, 12:36 PM
yikes, you are being hit hard ... I have a SV1000 with 0 ncb and licence for 4 years and a very dodgy postcode not garaged for £128 for the YEAR..... but if that's what you being quoted, I not looking forward to renewal day.
It just has to be the post code.... looks like nothing I can do :'(
My mum just made a very valid point: if only they tried to equalise salaries between men and women the same as they equalised motor insurance!
Can you try a different company who you can discuss ways to bring down the cost with security mesurers.
I tried with alarm - made no difference. Not much else I can do. I have nowhere else to park
Spank86
20-12-12, 01:30 PM
My mum just made a very valid point: if only they tried to equalise salaries between men and women the same as they equalised motor insurance!
They are trying.
Of course they haven't yet managed to equalise maternity/paternity leave either.
They are trying.
Of course they haven't yet managed to equalise maternity/paternity leave either.
As well as fathers' rights to their children after divorce.
Bloody hell. It was £49 to add my curvy on to my insurance TPO and I'm 23. To me, the bike's not worth claiming for anyway if stolen. By the time i've paid the excess and paid the extra insurance from having a claim and losing any NCB I'd probably be out of pocket anyway.
timwilky
20-12-12, 03:03 PM
My mum just made a very valid point: if only they tried to equalise salaries between men and women the same as they equalised motor insurance!
They have been doing this for the past 30 plus years. Work in an industry doing the same job as men, you get the same salary. That is certainly the case where I work. Ability not gender is what commands the bucks.
Spank86
20-12-12, 03:13 PM
As well as fathers' rights to their children after divorce.
Fathers rights full stop I'd say.
RobG650
20-12-12, 03:16 PM
They have been doing this for the past 30 plus years. Work in an industry doing the same job as men, you get the same salary. That is certainly the case where I work. Ability not gender is what commands the bucks.
Seconded: No variation between salaries based on gender where I work, its all performance/ability related pay. And has been ever since I started working 8 years ago.
Littlepeahead
20-12-12, 03:30 PM
Ouch Agy that is steep. It must be postcode as I'm paying about £140 fully comp for 2 bikes on the same policy, the K8 SV and the 2010 BMW GS. I'm older than you and have had a full licence for 5 years in March so I hope mine doesn't suddenly shoot up in price in March when it's due for renewal.
I guess it's because I live in Chelmsford and have a garage. But on the downside my commute is by bus, train and tube then bus again and costs me £5000 a year, not including the petrol for Mr LPH to collect me from the station in the evenings each day as there are no buses or a £10 taxi when he's not about.
Well Agy.£5000+ a year,in comuuting fees has to be waighted up against what your cost for moving out to the sticks?
Unless you get a job out in the city?
dirtydog
20-12-12, 03:50 PM
Bloody hell thats a bit steep. My SV cost me about £300 this year fully comp (all modifications declared) with 3 points on my licence.
Van insurance went down a little bit this year, not much though
Sid Squid
20-12-12, 09:07 PM
Agy, how long have you had your bike licence? Your car licence is irrelevant, however long it may have been held when you first start riding you're a novice, and that, in insurance terms, is a bad place to be, no matter where you live.
Im currently paying around £700 a year tpft on my ER6-f.... More than my car insurance lol. Fun times.
widepants
20-12-12, 09:23 PM
As well as fathers' rights to their children after divorce.
the above is soooooo correct , but it has been known for fathers to get full custody
Tracker ?
What's a tracker? The thing I asked about before where they track how safely you ride? I'd love one of those! Is it available for bikes?
Well Agy.£5000+ a year,in comuuting fees has to be waighted up against what your cost for moving out to the sticks?
Unless you get a job out in the city?
Moving elsewhere is not an option. I start work at 6.15 am and I get home late. I cannot afford the hours out of my life for commuting
Out of curiosity, if your bike gets nicked and you have to claim, how much would your insurance go up? Isn't it unfair too?? After all, you pay your insurance in case of exactly that event, so they already took a lot of your money to pay for replacement. How dare they charge you extra for something that wasn't your fault?? How can they get away with that?? I was just thinking reading this: if my bike got stolen and thus pushed my insurance even more, that would be it for me. I wouldn't be able to afford it and would have to give up the bike altogether
widepants
21-12-12, 11:02 AM
I find it crazy how much money some people have to pay for insurance . Just renemed mine last week and its coming in around £79 fully comp., a bit extra if I want to add legal cover etc but good grief.
Im currently paying around £700 a year tpft on my ER6-f.... More than my car insurance lol. Fun times.
When I got my full license I was looking at the ER6 too... it was DOUBLE for me to insure!!!
I know you probably wouldn't want to, however... have you considered downgrading to a 125cc or 250cc for just a year or two to build up no claims on your bike licence?
Agy, how long have you had your bike licence? Your car licence is irrelevant, however long it may have been held when you first start riding you're a novice, and that, in insurance terms, is a bad place to be, no matter where you live.
Totally I understand that. I will have had the full license (and the bike) for 1 year when I come to renew. So the first year I was expecting to be steep hence I bowed my head and coughed up the cash. But I was REALLY looking forward to a respite in my 2nd year; even if only nominal. But here, nothing! Not an ounce of discount.
I know you probably wouldn't want to, however... have you considered downgrading to a 125cc or 250cc for just a year or two to build up no claims on your bike licence?
No, I'd lose too much money selling the bike and buying a new one. In any case, before I got the SV I looked at the CBR250 and insurance was exactly the same.
Also, wouldn't help cos they want to know what size bike you've been riding
Gosh, I really don't know what else to say or suggest -___-
Not much anyone can say. Just gotta pay up and pray it doesn't get stolen; this price is my absolute limit. But without the bike, my life would be very difficult. My days are packed to the limit and just wouldn't get anything done if I had to rely on public transport :'(
Someone on here swapped their 09 pointy SV for a 99 Curvy, their insurance reduced from £1200 to £120. HTH
Yeah but I paid 2850 for mine; I've put 4k miles on the clock in a few months, I dropped it, skidded and crashed, people scratched it etc I'd get peanuts for it now. Just truly not worth it. I have always intended to keep this bike for a long time. Perhaps until I finish uni in maaany years, have a better job and clock up riding experience
Agy they judge risk .
They are out to make mony .
If you claim then your a risky gamble.
So it's going to cost more .
Chain it up and make it hard to steal .
Mark it with security dots .
Fit an alarm disc lock .
ChrisCurvyS
21-12-12, 04:15 PM
All those people saying their premiums go up every year - is that even after shopping around?
For the 11-ish years I've been driving and three I've been riding, my existing insurer has put the insurance up at renewal time every year without fail. And without fail every year, I've shopped around and got it significantly cheaper - neved stayed with the same insurer for more than a year.
I can understand them automatically bumping up your premium in the old days, when shopping around for new insurance was labour-intensive and involved the yellow pages and lots of time-consuming phone calls. But in an age of price comparison websites, you'd think insurers would be glad of the custom and freeze or cut your renewal.
Having said that, think a chap on here who works in the industry said they often give new customers policies at a 'loss' for the first year in the hope they'll make money on you in susequent years.
Btw £160 fully comp, Bennetts, 30, garaged, rural area near Manchester, 2 yrs NCB.
Sir Trev
21-12-12, 07:34 PM
But in an age of price comparison websites, you'd think insurers would be glad of the custom and freeze or cut your renewal.
Er, no. Insurers are counting on people being lazy and just not looking for beter deals. They never give the best deals straight away for this reason alone but will often match when you find a better price elsewhere if they really want to keep you.
And yes, my insurance stays roughly equal each year as another years NCB and advancing age counteracts the price increases. Doesn't work for eveyone though.
widepants
21-12-12, 07:52 PM
Have you ever thought of adding another person on the ins , pref somebody much older.That has been known to reduce the cost even if they never ride it.I did it with my van ins and it came down
ChrisCurvyS
21-12-12, 11:15 PM
Er, no. Insurers are counting on people being lazy and just not looking for beter deals. They never give the best deals straight away for this reason alone but will often match when you find a better price elsewhere if they really want to keep you.
And yes, my insurance stays roughly equal each year as another years NCB and advancing age counteracts the price increases. Doesn't work for eveyone though.
But in the time it takes you to renew your current policy with your existing insurers, you could have found quotes from hundreds of competitors - really don't get why you wouldn't.
I admit I don't compare and switch utility companies like Martin Lewis says you should but that's because the vast array of deals and their associated pros and cons are mind-boggling. Similarly with supermarkets - some things you want might be a few pence cheaper at one supermarket but other things might be cheaper than another, then you've got to factor in the fuel costs of getting to them depending how far away they are, what you save via loyalty schemes, etc etc, and it becomes a very lengthy and soul-destroying calculation.
But with insurance being a relatively simple thing to buy, can't see why people don't try at least one price comparison site come renewal time when it can save you hundreds and hundreds of pounds.
joshwalker094
22-12-12, 09:03 AM
I'm currently with ebike. was the cheapest. was with swinton last year on my 125. as i upgraded bikes after full test i had to sacrifice 5 months insurance and start afresh on the new bike
Really? My insurer MCE at time let me just change the bike on the policy it cost me an extra £255 I think but I still had 5/6 months left on policy
Glad to see women paying more tbh (and I say that insuring my wife's car). If I pay the same amount as a women into my pension pot I will get the same each year as her even though I should die years earlier!
Equality works both ways!
I'm just looking forward to the charity Age Concern being found to be discriminatory against the young ;-)
But its not how you should judge risk.
So next year is age on insurance going to be seen as discrimination.
I'll end up paying the same as a 19 year old ????
Galviniser
22-12-12, 10:13 AM
I got a quote for £2500 ow my bike has been stolen, I should give up now
Sent from my iPad using Tapatalk
Spank86
22-12-12, 10:13 AM
But its not how you should judge risk.
So next year is age on insurance going to be seen as discrimination.
I'll end up paying the same as a 19 year old ????
Why should my risk be judged on the basis of a bunch of 30 yr old men I've never met?
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