Insurance....sigh - Page 2 - SV650.org

22-01-06, 10:06 PM

The area and age are the killer when it comes to insurance, in fact it doesn't even seem to matter how much your bike is worth. I'm the same age as TSM and we both live in the "bad" parts of London, but even though I ride a K4 and he's got a K2, we both ended up paying almost the same in our first year despite my bike being brand new and his was obviously worth a fair bit less, I actually paid less than him even though it was with the same company, and it seems we'll be paying a similar amount in our second year too.

So I know it's not what you want to hear but I think at your age it's going to be hard to get a quote much less than what you've been quoted already, sorry.

22-01-06, 10:24 PM

You see. The annoying thing is really...

...that the Suzuki is actually a low insurance group. I was just looking in th back of bike and I dont want to ride a 125 as they are just abit soleless (and dare i say it kiddy)...and it seems that any 'proper' bikes are group 9 at the least. The only bikes which seem to be groups 1-7 are 125's in various guises.
The SV650 is the same group as the S which puzzled me rather, as this would suggest the same or similar premium.

22-01-06, 10:31 PM

Quote:

Originally Posted by Freeloader

What about registering the bike at my grandmas address in Bristol (countryside)?

Is that cheating. WHy does it make a difference with 3party only.

I know a few people who do this and to be honest they've never had problems and they save a packet, but obviously your insurance company will not be too happy if they find out.

23-01-06, 08:41 AM

Have a try with CIA and Motorcycles Direct, I found they weren't too bad. Also, have you got RnG crash bungs etc? I think its Ebike that gives discounts for that sort of stuff.

23-01-06, 09:03 AM

I based what bike I could get one insurance. Just so happened I got mine for £280 tpft with zero noclaims. Its garaged an i'm 28 which helps.

My advice would sell it get a bike with a low group (like a BMX

) and get some noclaims built up.

northwind · 23-01-06, 10:10 AM

I started out on an insurance group 4... But your right, it was absolutely rubbish. SV650 and SV650S aren't in the same NU group, the N is one group lower (9? 10?)

I wouldn't recommend you insure it away from your actual address, if it does get stolen you can guarantee questions will be asked- insurance companies aren't stupid. If it was 2 similiar built-up areas they'd probably not bother, but for a big change like Bristol to London, they'll be suspicious. I know that's not what you want to hear but false disclosure can get you in a lot of bother, and can mean you don't get your payout too.

Is there anything you can do to beat that down? Fit an alarm/datatag/get a bike safe? They all cost but there's other benefits. Some insurers will discount for Thatcham approved locks (good investment anyway- though tbh it seems like only Almaxes are any good out of the "big expensive lock" category.

23-01-06, 11:05 AM

Quote:

Originally Posted by northwind

...and can mean you don't get your payout too.

But if he's insuring TPO...

23-01-06, 12:51 PM

Quote:

Originally Posted by Flamin_Squirrel

Quote:

Originally Posted by northwind

...and can mean you don't get your payout too.

But if he's insuring TPO...

...then the third party don't get a payout, means driving without insurance. And we get back to the debate we had last year

northwind · 23-01-06, 12:52 PM

So he is. That's brave

Definately get a good chain then, unless it's permanently indoors.

23-01-06, 01:55 PM

my first year at 17 for a brand new sk3 was £1049 tpft. that was with h&r. and I live not 2 far from london. now jumping up 5 insurance groups to the RR (being 19), I pay £770 tpft with 3 yrs ncb and IAM.

Basicly, i am still getting stung. but its worth it

!

23-01-06, 10:10 AM	#16
northwind Moderator Mega Poster Join Date: Jan 2004 Location: In the garage where I belong Posts: 17,083	I started out on an insurance group 4... But your right, it was absolutely rubbish. SV650 and SV650S aren't in the same NU group, the N is one group lower (9? 10?) I wouldn't recommend you insure it away from your actual address, if it does get stolen you can guarantee questions will be asked- insurance companies aren't stupid. If it was 2 similiar built-up areas they'd probably not bother, but for a big change like Bristol to London, they'll be suspicious. I know that's not what you want to hear but false disclosure can get you in a lot of bother, and can mean you don't get your payout too. Is there anything you can do to beat that down? Fit an alarm/datatag/get a bike safe? They all cost but there's other benefits. Some insurers will discount for Thatcham approved locks (good investment anyway- though tbh it seems like only Almaxes are any good out of the "big expensive lock" category. __________________ "We are the angry mob, we read the papers every day We like what we like, we hate what we hate But we're oh so easily swayed"

23-01-06, 12:52 PM	#19
northwind Moderator Mega Poster Join Date: Jan 2004 Location: In the garage where I belong Posts: 17,083	So he is. That's brave Definately get a good chain then, unless it's permanently indoors. __________________ "We are the angry mob, we read the papers every day We like what we like, we hate what we hate But we're oh so easily swayed"

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22-01-06, 10:06 PM	#11
Valman Guest Posts: n/a	The area and age are the killer when it comes to insurance, in fact it doesn't even seem to matter how much your bike is worth. I'm the same age as TSM and we both live in the "bad" parts of London, but even though I ride a K4 and he's got a K2, we both ended up paying almost the same in our first year despite my bike being brand new and his was obviously worth a fair bit less, I actually paid less than him even though it was with the same company, and it seems we'll be paying a similar amount in our second year too. So I know it's not what you want to hear but I think at your age it's going to be hard to get a quote much less than what you've been quoted already, sorry.

22-01-06, 10:24 PM	#12
Freeloader Guest Posts: n/a	You see. The annoying thing is really... ...that the Suzuki is actually a low insurance group. I was just looking in th back of bike and I dont want to ride a 125 as they are just abit soleless (and dare i say it kiddy)...and it seems that any 'proper' bikes are group 9 at the least. The only bikes which seem to be groups 1-7 are 125's in various guises. The SV650 is the same group as the S which puzzled me rather, as this would suggest the same or similar premium.

23-01-06, 08:41 AM	#14
Kate Guest Posts: n/a	Have a try with CIA and Motorcycles Direct, I found they weren't too bad. Also, have you got RnG crash bungs etc? I think its Ebike that gives discounts for that sort of stuff.

23-01-06, 09:03 AM	#15
Diveboy Guest Posts: n/a	I based what bike I could get one insurance. Just so happened I got mine for £280 tpft with zero noclaims. Its garaged an i'm 28 which helps. My advice would sell it get a bike with a low group (like a BMX ) and get some noclaims built up.

23-01-06, 01:55 PM	#20
$i Guest Posts: n/a	my first year at 17 for a brand new sk3 was £1049 tpft. that was with h&r. and I live not 2 far from london. now jumping up 5 insurance groups to the RR (being 19), I pay £770 tpft with 3 yrs ncb and IAM. Basicly, i am still getting stung. but its worth it !