View Full Version : Insurance question - Does being a year older necessarily make it cheaper?
Hi org.
I am 24 in 20 something days, and I have a bike I want to get insured on. It's not going to be my work bike so it can wait. My question is, will it be any cheaper whatsoever to wait until I'm a year older in their eyes? I know 25 is meant to be a price bracket, but every year is a year closer.. Thanks.
Bennetts have an on line calculator that once you have entered your details you can go back and modify, even changing the bike. Would be worth running some figures through it to see the difference. check for alarm / garage and mileage changes as well to see if they make a difference.
At my age, changing from a TS185 trials bike to a Honda firestorm would cost an extra £50 pa, hardly worth worrying about but there might be a difference at 23/24 yeear of age.
Pete
Biker Biggles
11-02-13, 12:52 PM
It may or may not make a difference this year but probably will next year when you are 25.May be worth waitng the few days now if it makes no odds to you so.
Cheers guys. I think i'll wait a bit. Any more of this weather will see me using my more suitable bike anyway.
Ill have a look at bennetts too!
Dave20046
11-02-13, 07:14 PM
Ill have a look at bennetts too!
minus £500 from the total and then you'll be able to work out roughly what other companies would offer you as a young male.
minus £500 from the total and then you'll be able to work out roughly what other companies would offer you as a young male.
Lol... As i just advised someone else, follow these simple tricks and cut down your insurance! It works for bikes too. Thank you Martin! :alien::smt098
http://www.moneysavingexpert.com/car-insurance/
I remember turning 25 and being excited at the impending 'big drop' in premium at renewal time......Didn't happen.
Any drop I was likely to have got was swallowed up by increased premiums in general. IIRC I think it may have stayed roughly the same. In my experience it's building up no claims discount that will get you the better deals. Age obviously plays a part in your premium cost but don't expect anything dramatic to happen overnight just cause you have a birthday.
kiggles
12-02-13, 10:18 AM
Im 24 going 25 this year. through out my 20's i would have expected my insurance to be cheaper then some of my 18 year old friends for both bike and car, but it wasnt.
and i have noticed having 3 NCB is where the discounts start really. My insurance for a scooter doubled this year even though i was one year older and had gone from 1 NCB to 2 NCB the policy doubled in price for a renewal.
2 years ago it cost me £500 fully comp for two sv650's on the road with 2 NCB. It cost me £500 TFT for a single sv650 with IAM pass behind me with 2 NCB.
Insurance is just another way for companies to rip you off. dread to think about my car insurance renewal.
I did some searching with lowered suspension declared
Its gone up a bit
Shucks. In India, you don't insure the driver, you insure the VEHICLE. So you only pay the cost of insuring the vehicle and that's it. You can drive anyone's car/bike without having to pay loads of money. And the traffic in India is bloody horrible as well. And insurance is much much cheaper too! So they should do that here...
Biker Biggles
09-03-13, 07:13 AM
I dont think there is a great deal the Indians can teach us about driving or the roads in general.
Manufacturing cars would be a different matter-------
I dont think there is a great deal the Indians can teach us about driving or the roads in general.
Manufacturing cars would be a different matter-------
OT:
This made me laugh! :cool:
There is, and I can confirm this, NOTHING, that the Indians can teach us about driving other than how to kill each other with motor vehicles while not being killed yourself! :mrgreen:
Here's a video for your amusement!
www.youtube.com/watch?v=POEu5nodfyA
Why that line about manufacturing cars though?
BTT:
I guess a year doesn't make a difference at all, its the NCB that boosts the discount up. No way out.
I was thinking though, is it possible to buy scoot insurance for a year, get the NCB on that and then use it for a car?
Biker Biggles
10-03-13, 07:21 AM
OT:
This made me laugh! :cool:
There is, and I can confirm this, NOTHING, that the Indians can teach us about driving other than how to kill each other with motor vehicles while not being killed yourself! :mrgreen:
Here's a video for your amusement!
www.youtube.com/watch?v=POEu5nodfyA (http://www.youtube.com/watch?v=POEu5nodfyA)
Why that line about manufacturing cars though?
BTT:
I guess a year doesn't make a difference at all, its the NCB that boosts the discount up. No way out.
I was thinking though, is it possible to buy scoot insurance for a year, get the NCB on that and then use it for a car?
Madness innit?
The manufacturing bit was put in because they now own Land Rover and Jaguar and are doing very well at making and selling the things,even if their skills dont extend to driving them or organising a sane transport system;)
BradW314
10-03-13, 09:13 AM
From my experience age has made a massive difference. I'm nearly 18 and my dad is 45. I have over 1 years no claims bonus and when trying to get insured on a zx6r they wanted just over £9000. My dad got his bike license a year after me and with no previous experience or no claims got fully comp on the zx6r for around £160. Wether a year older will make much difference I'm not too sure but it cuts £350 from my car insurance being 18 rather then 17
Age is only good when it comes to the compulsory excess. It is all judged on your NCB, how long you've held your license, the bike you have, the risk category of your post code, what you use it for (S,D,P,C) what group the bike is etc etc. A lot of factors aren't in your control, so it is pot luck as to what price you get. Shop around, get a good deal and go from there.
LewSpeight
10-03-13, 01:06 PM
Snip.
I was thinking though, is it possible to buy scoot insurance for a year, get the NCB on that and then use it for a car?
No. The NCB isn't transferable between bikes/cars/lorries etc as they're different licences.
Turns out even the day before my birthday starting my cover on my birthday saved me 160 quid. 11.45pm-00:00 was that much cheaper.
Biker Biggles
10-03-13, 01:17 PM
And the ongoing benefit is that your renewal will be the same day next year,and probably cheaper for it.
It is all judged on your NCB, how long you've held your license, the bike you have, the risk category of your post code, what you use it for (S,D,P,C) what group the bike is etc etc.
+1
All insured now and the grand total of saving for waiting a few weeks was.... £174!
Nice birthday present. Unsure how they think I am magically a better rider but I can't complain.
What bike is it? I'm 25 and had to shell out £450 for fully comp on my SV K9 with no NCD! :( Just started riding you see....
Ninja zx7r. It was 386 tpft.
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