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Insurance is messed up!

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Dalemac
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Joined: 15 Oct 2006
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PostPosted: 01:43 - 10 Nov 2008    Post subject: Insurance is messed up! Reply with quote

Why can i insure in my current situation:

same year produced bikes (k3), same value, etc. only variable the bike.

gsxr 600 - £482
gsxr 750 - £555
gsxr 1000 - £1081
gsxr 1300 - £1031


it makes no sence! unless they found some evidence gsxr1000 riders are ALOT more liable to claim through insurance. (wich maybe they are)

cheaper for me to insure a busa than a gsxr1000 for god sake! (the one i want)

What makes less sence is i can insure a 2005 zx10r for £526!!


/rant
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Chriss
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PostPosted: 07:15 - 10 Nov 2008    Post subject: Reply with quote

People tend to rider GSXR1k's stupider than GSXR1300, they're different in their nature.

Old men buy GSXR1300's.

[/provoke]
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t121anf
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PostPosted: 09:18 - 10 Nov 2008    Post subject: Reply with quote

i'd agree with Chriss, busa's are touring bikes not out and out sports, i'd sway towards sports bikes being ridden by loons 90% of the time which must increase the chance of an accident.

also the gixxer thou is likely to me more attractive to thieves
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Dalemac
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PostPosted: 10:01 - 10 Nov 2008    Post subject: Reply with quote

so explain why i can insure a zx10 for £526.
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_Will_
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PostPosted: 10:22 - 10 Nov 2008    Post subject: Reply with quote

Cause Gsxr riders are noobs...

[/provokes more]
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Chriss
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PostPosted: 18:33 - 10 Nov 2008    Post subject: Reply with quote

Dale_Mckeown wrote:
so explain why i can insure a zx10 for £526.


Because statistically, ZX10R's are involved in less crashes? Same reason women get cheaper insurance. Could also be down to replacements parts costing less and being more widely available, being involved in less serious incidents. There are also other reasons. Believe it or not, they don't just roll dice to get figures (although I agree, may often appear that way).

Want something about insurance explained, it's all about statistics.
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Phoenix
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Joined: 01 Aug 2002
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PostPosted: 03:25 - 11 Nov 2008    Post subject: Reply with quote

Why pay a grand to insure a GSXR1000, the 750 is half the price and just as good on the road and just as quick (so is the 600) unless you're a straight line monkey, then you'd be better off with the 'Busa anyway.
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Xenocide
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Joined: 17 Aug 2008
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PostPosted: 07:37 - 11 Nov 2008    Post subject: Reply with quote

Wow i'm going to do some quotes now!
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the grim reaper
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PostPosted: 11:59 - 11 Nov 2008    Post subject: Reply with quote

It's all about insurance history.

The GSXR1000 has been out for about 8 years and lots have been sold, therefore lots have been stolen, lots have been crashed and lots have been claimed for. The ZX10 sold in much smaller numbers and therefore has less history.

When the GSXR1000 came out, it was cheaper for me to insure it over a 1999 Fireblade, because the Blade had been out since 1992 and has a long insurance history.

Cheers

Grim
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bazza
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Joined: 27 Aug 2004
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PostPosted: 12:12 - 11 Nov 2008    Post subject: Reply with quote

Chriss wrote:
Because statistically, ZX10R's are involved in less crashes? Same reason women get cheaper insurance.


So you're saying Kwak owners ride like old women?

Good man. Thumbs Up
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Kal
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Joined: 02 Jan 2007
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PostPosted: 14:49 - 11 Nov 2008    Post subject: Reply with quote

the grim reaper wrote:
It's all about insurance history.

The GSXR1000 has been out for about 8 years and lots have been sold, therefore lots have been stolen, lots have been crashed and lots have been claimed for. The ZX10 sold in much smaller numbers and therefore has less history.

When the GSXR1000 came out, it was cheaper for me to insure it over a 1999 Fireblade, because the Blade had been out since 1992 and has a long insurance history.

Cheers

Grim


Going to disagree with you, especially seeing as the '92 Blade is not the same bike as the '02 blade

Going by your reckoning the CG125 and C90 would be the most expensive bikes in the Country to insure.

It's simply the cost of claims divided by the total bikes insured by a given age group gives them an average cost and the likleyhood that you will make a claim.

Whatever the root cause is some bikes just cost Insurance Companies more, some riders cost them more and some combinations of bike and rider are really expensive.
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