What's with bike insurance this year?!

[nikon70]

just having a rant!

my last year insurance was £357, which included bike leathers, legal and the usual accident protection etc.

this year i've tried the usual comparison sites, Bennetts, Devitt, RCIB etc

and this years insurance has doubled!!! £750 with Bennetts, £630 with Devitt...


anyone else affected like this?

All the same details as last year, Garaged, I've not moved, changed jobs, changed mileage etc or had any other accidents etc

[PyroUK]

The secretary for justice made an arbitrary decision which has f'ed a lot of people in the butt

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[21QUEST]

Hello fella,

Personally, I blame it on Brexit :p

Jesting aside, no idea bud but give Aviva a try if you are still looking.

[Talking Heads]

Renewals are always silly prices.
Have a look at confusethemeerkats etc and see what you get quoted for a new policy.

[Chris_SVS]

I'm glad mines only £85 with an at fault claim and mods declared :)

[Sir Trev]

Mine was silly this year when I changed bikes but time will tell (well, February actually) what the full year price will be.

[Iansv II]

Be grateful you don't have a theft claim against you too

[Dave20046]

Mine went up a tenner this year, I can normally convince them to put it down :(

[Heorot]

My renewal from Hastings Direct was for £111.62. After looking on a comparison website at the Hastings quote there, I called them and got it reduced to £87.69. Fully comp, 5 years no claims and living in rural Norfolk.

[R1ffR4ff]

My Car insurance renewal quote,as always,was silly.I got onto Churchill and told them that I had Moneysupermarket page open and ,"THEIR" quote for my car on there was £50 less than their renewal quote!!!!
He said he could,"Price Match".I said come M8.What's the deal?He said there must have been a mistake in the system to send the higher quote".Yeh and to Quote,"Outlaw Josey Whales".

"Don't P*ss down my back and tell me it's rainin' :D

You've gotta keep an eye on these buggers<grin>:smt043

Tip:If you don't already make sure you are NEVER on Auto-Renewal!!!!!!

[Luckypants]

anyone else affected like this?My renewal quote went up by 50% this year, but after a phone call I got it back down to last year's level. Similar story on the wife's car.

The secretary for justice made an arbitrary decision which has f'ed a lot of people in the butt

Care to expand on that? Interested.

[PyroUK]

My renewal quote went up by 50% this year, but after a phone call I got it back down to last year's level. Similar story on the wife's car.



Care to expand on that? Interested.Was covered in more depth in a recent post about insurance but the trimmed down version is:

The Ogden rate was 2.5% discount it's now a -0.75% additional.

This change had significantly increased all rates for providers that have to deal with personal injury to account for the massive increase.

Now that may not sound a lot but that rate is applied to "proper" PI claims, not your run of the mill BS whiplash etc. Like actual life altering ones. As an example a claim which could have been paid at c2-3m will likely now be closer to 8m

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[shiftin_gear98]

My car insurance has just rolled round - Quotemehappy.
Auto-renewal was £27.00 cheaper than last year.


Can't complain this time round.

[Luckypants]

Was covered in more depth in a recent post about insurance but the trimmed down version is:

The Ogden rate was 2.5% discount it's now a -0.75% additional.

This change had significantly increased all rates for providers that have to deal with personal injury to account for the massive increase.

Now that may not sound a lot but that rate is applied to "proper" PI claims, not your run of the mill BS whiplash etc. Like actual life altering ones. As an example a claim which could have been paid at c2-3m will likely now be closer to 8m

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Thanks, interesting.

[650]

Acid attacks, unprecedented bike thefts in London, stabbings, shootings, a Tory government that insists 30'000 less police is a good idea.

It all boils down to how people vote, and people are idiots.

[Dave20046]

Acid attacks, unprecedented bike thefts in London, stabbings, shootings, a Tory government that insists 30'000 less police is a good idea.

It all boils down to how people vote, and people are idiots.

Exactly, Trump would sort it.

[nikon70]

I managed to blag a reduction to £325 :)


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[tom_e]

My renewal was £30 cheaper than last year and £20 cheaper than even the same insurer offered as a new customer. They even threw in some kit cover and protected NCB which I didn't have. Miracles do happen.

[Bibio]

insurance renewal has just popped through the door £128 FC. £5 cheeper than last year. i pay a high premium as my bike is modified. sounds good to me as i CBA looking about or haggling for a few £.

[SV650rules]

http://www.motorcarinsuranceuk.co.uk/post-code-ratings.php

Here is the postcode database that UK insurers use for basic risk assessment - before they even look at your personal NCB and risks.

Postcodes with a * by them need motorbikes to be kept in secure garage.

[650]

http://www.motorcarinsuranceuk.co.uk/post-code-ratings.php

Here is the postcode database that UK insurers use for basic risk assessment - before they even look at your personal NCB and risks.

Postcodes with a * by them need motorbikes to be kept in secure garage.

Gonna take that with a pinch of salt as the relation between postcode and crime changes regularly.

[650]

insurance renewal has just popped through the door £128 FC. £5 cheeper than last year. i pay a high premium as my bike is modified. sounds good to me as i CBA looking about or haggling for a few £.

"LOL"

That is not a high premium. Not even remotely.

Might be for the mountains of Scotland, mind you!

[SV650rules]

Gonna take that with a pinch of salt as the relation between postcode and crime changes regularly.


https://www.theguardian.com/money/2016/oct/30/wrong-postcode-puts-insurance-out-of-reach

[650]

https://www.theguardian.com/money/2016/oct/30/wrong-postcode-puts-insurance-out-of-reach

Oh, the Guardian! Must be factual, then.

Listen, it's a given that varying postcodes have higher insurance premiums. Crime rates rise and fall.

I can tell you, for example, that the postcode where my mum lives is virtually crime free - checking the crime statistic database confirms that.

When looking at your linked website, it claims my mum's postcode is among the higher risk. I can also tell you that I've insured my SV650 with zero no claims (all tied up in my other three bikes), TPFT for £75 a year from there. The same bike at my own house would cost me circa £400 - the latter being one letter different on the risk factor according to your website.

So, like I said, pinch of salt. It's not as simple as the insurers looking at that laughably low-brow website and forming a chunk of the premium decision on that.

[Jayneflakes]

Just this morning I had the chat with CIA insurance about my renewal. I have fully comp, with two named riders and eight years no claims for £112, which given that I am now registered as a disabled rider and have more mods on my bike than you can shake a stick at, is damn reasonable. There is finally a benefit to being an over forty women living in boring town!

I have been using CIA for over six years now, probably longer, following a compare the S**tbags website that gave me a quote for MCE that seemed reasonable at the time. The amount of trouble I went through with MCE (that ended with me making a formal complaint through the FSO) was so awful, I vowed never to use them again.

Some one on here recommended CIA to me and I have never had a problem with them, even when I was involved in an accident where I was hit up the back side by woman in 4X4. Given that all insurance companies are the moral equivalent of vultures circling a dying child, it is nice to deal with one that is fairly ethical!

[650]

I've had equally poor experiences with MCE. Cheaper is not always better.

Bennetts tend to be OK, but then I've not had a claim with them, so it's hard to say until something like that happens. You know the real merit of an insurance company when you're the one at fault for an accident or have had your bike stolen, etc.