Insurance companies love new riders.

Just renewed my insurance but ended up costing a lot more than I hoped. Got a quote for £250 TPFT online using a comparison site. I didn't include my restriction or slip-on exhaust as this always made me uninsurable according to the site.

Armed with my reference number to a quote which was half the price of my previous I phoned them up. Told them about my restriction and exhaust, which some people say not to, but I didn't want to take any chances. The exhaust didn't change anything, the restriction however added another £120 on top. After a short word with the guy I came to the conclusion that there was nothing I could do to change this so I went ahead and paid as this was still the cheapest I found.

Now, not only do new riders have to pay for restrictions, which cost stupid money, but the insurance companies look at the restriction as another excuse to charge you more. Even though it makes the bike slower, it's the opposite of a performance enhancement yet they charge you more for having it. Can't wait to say goodbye to that restrictor next April.

Looks like I won't be getting that new helmet and back protector after all.

[yorkie_chris]

Personally I wouldn't tell them about either of those.

The exhaust didn't change anything. Its the restrictor that increased the premium and that's what surprised me.

But wouldn't the restriction be something you could assume they could work out from your age, engine size and how long you've had your licence? Not that I would for a minute think they would actually bother to put two and two together but if you neglected to tell them on the assumption it was fairly obvious...

Yeah, I know, my mistake. Even with the increase they were still the cheapest, but not by much.

Insurance is funny business. After adding another year of no-claim bonus and an IAM course on the same bike insured last year, my renewal premium went up 40%. I figured you shouldn't really question their reasoning because other than profit margin, there isn't much for them to consider. Just shop around for the best deal, enjoy the ride and celebrate when they go bust.

[DJ123]

try a company caled e-bike. i am with them and to be fair, they have given me a very good priced quote for this year. im 23 y/o, had my license for 7 years, no ncb (due to me not riding for 3 years), sv650 N 04 registered, garaged over night, datatool 3 alarm was £400 fully comp. That is with no voluntary excess just the standard excesses on the policy

They're all an effing con. Have you noticed how they now phrase "have you been in an accident in the last five years?", not "have you made a claim?". Another way to bump up the premium after accidents that you don't claim for, but are involved in.

I'm 25 y/o, did a DAS in April and got an 06 plate SV - the insurance was £350 so by looking at your comments this is pretty good. I'll stop thinking I was getting ripped off now!

Edit: No bike NCB or licence before April.

Tbh I dont think insurers love new bikers as they are most at risk of crashing due to lack of experience.

What insurers love is to bank the cheque with minimal risk of having to pay out