Am I being Ripped Off?

Jadc · Trackday Trickster Joined: 05 Sep 2006 Karma :

Yeh hello guys

I think im being ripped off....

Im riding an honda xr125l and im 18 years of age.

Ive recently moved house but my previous address quote at bennets was £950 (Thats my insurance a year) ive only been riding bout 8months now, but i just rang up bennets to tell them ive changed my address and they upped it to £1000

Matt06 · World Chat Champion Joined: 18 Nov 2006 Karma :

Yes, thats a major rip off.
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Wafer_Thin_Ham · Super Spammer Joined: 18 Nov 2005 Karma :

Your quote is partly done by your area. If you've moved to an area bennetts computer tells them is more dodgey than your last then you pay more.

They think your bike is more likely to be stolen from your new address. Thumbs Up

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Jadc · Trackday Trickster Joined: 05 Sep 2006 Karma :

Ive been told by load of people that its a rip off but ... i dont know what to do Sad

but at my original address its in the middle of know were to be found or anything lol...surely for there its alot (£950) but my new place is down the road from there more populated and got a bad name of an area

Mooncatt · Brolly Dolly Joined: 08 Dec 2006 Karma :

give me the postcodes via pm and ill tell you if the area rating difference and tell you if its a rip off.
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fuzz · World Chat Champion Joined: 24 Mar 2004 Karma :

Jadc · Trackday Trickster Joined: 05 Sep 2006 Karma :

Yeh i know but it doesnt explain why my insurance at my old address was £950 does it?

my previous address was like in ...well u can say in the woods lol

Louise · World Chat Champion Joined: 22 May 2006 Karma :

Hmm I live in a dodgy area which didnt really affect my bennits quote. However my job did - My quote wasnt anywhere near the 1k mark Thumbs Down

Mooncatt · Brolly Dolly Joined: 08 Dec 2006 Karma :

well its kind of strange because i checked our database on both area postcodes you sent me. it turns out (as my company rates the area) that your old address has a higher rating than your new address.
out of 11-99 (99 worst area) your old address scores 36.
your new area scores 27.

now i know all insurers will rate areas differently but to charge you an extra £1000 is pure lunacy, the area ratings will differ but i doubt very much they will differ that much.

hope this helps.
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current bike...CBR400RR
"you always need more chicken"

TheDonUK · World Chat Champion Joined: 20 Feb 2006 Karma :

You are 18... What more can i say... I think tesco's are doing a special offer on lube atm... Bend over and take it until you can accumulate enough NCB...

Edit: The way i read the original thread they have upped his insurance from £950 TO £1000, a £50 increase... If they have whacked another £1000 on top you are getting royally fucked, and look into the above lube special offer or you gonna have one raw ass in the morning...

Sephiroth · World Chat Champion Joined: 09 Apr 2006 Karma :

Jadc · Trackday Trickster Joined: 05 Sep 2006 Karma :

(* IM 18 YEARS ) jUS Turnt in april ) and my insurance runs out in october Yeh it does help... and aswell they didnt up it another £1000 lol they upped it £100 from my original quote if that what u ment fair enough. (THEY UPPED IT FROM £950 - £1050 sorry basiclly

matt las thing can u explain....
at my old address Third Part Fire And theft i was quoted £1200 but full comp i was quoted £950....but sorry thats a loada bollocks...

i have private parking so basically the bike is off-road... and they asked me is it garaged should i say yeh or no ? cos i think that upped it the £100 lol and my excess is £250 does that affect Anything ?

Mudskipper · World Chat Champion Joined: 22 Aug 2006 Karma :

st3v3 · Super Spammer Joined: 16 Oct 2006 Karma :

I'm 18, 1 yrs NCB & mine(TPO) was £215...with bennetts(not sure on my area score thingy..
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Jadc · Trackday Trickster Joined: 05 Sep 2006 Karma :

read the above message by me

Fluffy · Derestricted Danger Joined: 22 Apr 2007 Karma :

try hrinsurance.co.uk in future seem very good for newer and younger riders.. bennets wanted £850 for me to insure my 1st bike (cbr125r) and hr asked for all of .... £180 BIG difference (btw i was 24 have top bollox and had only a CBT at the time)

Even now I have my licence and a 600 bennets still quote 25% more than hr (been riding 8 months now) only looked to change as with hr the restrictions are a little evil.. can't add another rider which is a slight pain!

if yer policy comes up for renewal i'd strongly advise a good shop around!

oh and as everyone has said area comes into it lots!
I recently moved from a dodgy part of bristol to a lovely part of lincoln... saved me £75 a year on a £330 policy Thumbs Up

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Mooncatt · Brolly Dolly Joined: 08 Dec 2006 Karma :

TheDonUK · World Chat Champion Joined: 20 Feb 2006 Karma :

Jadc · Trackday Trickster Joined: 05 Sep 2006 Karma :

well tbh im going to leave it at the old address atm....for another 5months touch wood nothing happens within then...and when time comes im going hunting lol...

if they say is it garaged....(my bike is off-road private parking) should i say YES or NO? will they check these things....and my excess what should i put ? the more the less insurance ? or the more the higher?

Mudskipper · World Chat Champion Joined: 22 Aug 2006 Karma :

st3v3 · Super Spammer Joined: 16 Oct 2006 Karma :

tghe amount the bikes worth rarely comesintop it, my bike was £550, but I valued it at £750. Don't say it's garaged when It aint because that will be a factor in your policy and if it's nicked, they may not pay out if you declared it wrong. you should declare it at your new adress, as it will be reg'd with DVLA at your new adress etc..
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Roger wrote: Women don't get damp for clingy puppies. Get some better happy pills, hit the gym & buy a medallion the size of a dinner plate. Job done

Jadc · Trackday Trickster Joined: 05 Sep 2006 Karma :

i bought the bike for £1450 and valued u at bennetts for £1800 ? could that be it ?

cos its worth bout £1000-£1200 now

Ted · World Chat Champion Joined: 26 Mar 2006 Karma :

Is it really worth crying over £50?

You havn't been ripped off really mate, I would expect at least a £50 difference in insurance if I moved address!

Jadc · Trackday Trickster Joined: 05 Sep 2006 Karma :

im complaining bout £100 more and my existing qoute of £950

Kal · World Chat Champion Joined: 02 Jan 2007 Karma :

Your 125cc Honda has lost £300 in eight months? I'd seriously doubt it.

You got a rough first quote, stick with it and then come September ring round all of the firms - theres a good list on the Honda Owners Club site. When you get a good quote tell the others and they will break their backs trying to beat it.

You should be able tyo get a lot better than a grand, unless we are talking fully comprehensive. It seems wrong you are paying nearly the full value of the Bike in Insurance each year...
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