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Insurance and Restrictors?

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Did you declare?
Yes
29%
 29%  [ 8 ]
No
25%
 25%  [ 7 ]
What Restrictors?
44%
 44%  [ 12 ]
Total Votes : 27

Author Message

Jayd
Renault 5 Driver



Joined: 20 Apr 2007
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PostPosted: 13:52 - 04 May 2009    Post subject: Insurance and Restrictors? Reply with quote
Quick poll.

How many who did their 33bhp license, and got a bigger bike, declared the restrictors on their insurance?
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Pickledswede
Traffic Copper



Joined: 15 Jul 2008
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PostPosted: 15:35 - 04 May 2009    Post subject: Reply with quote
Don't you get a cheaper quote if you declare them? Why would you not?!
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Paulington
World Chat Champion



Joined: 11 Mar 2009
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PostPosted: 15:41 - 04 May 2009    Post subject: Reply with quote
Pickledswede wrote:
Don't you get a cheaper quote if you declare them? Why would you not?!

Just tested it..

£1451 Undeclared
£1451 Declared

But if you take the cheapest quotes I got:

£967 Undeclared
£1451 Declared.

Oh what a strange world we live in. Laughing
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ms51ves3
Super Spammer



Joined: 08 Jun 2007
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PostPosted: 15:50 - 04 May 2009    Post subject: Reply with quote
They never asked about the restriction, so I didn't tell them.
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Pickledswede
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Joined: 15 Jul 2008
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PostPosted: 16:44 - 04 May 2009    Post subject: Reply with quote
Just tried it out, mine is exactly the same price declared or not, so I will click yes I declared them, even though it's 3 months away!

ms51ves3 wrote:
They never asked about the restriction, so I didn't tell them.


Technically they did- any modifications from factory? Restrictors Thumbs Up

That's if they are actually in there, if not I guess you're right Very Happy
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iooi
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Joined: 14 Jan 2007
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PostPosted: 17:07 - 04 May 2009    Post subject: Reply with quote
Pickledswede wrote:
Don't you get a cheaper quote if you declare them? Why would you not?!


Think about it.....

Its the cost of replacement and other costs in a accident that set the quote.
So restrictors have no impact on that.... The bike still costs the same to replace, and can cause the same amount of 3rd party damage...
In fact they should increase the price, as it showing a less experianced rider... But they should know that by the age/time held etc.
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ms51ves3
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Joined: 08 Jun 2007
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PostPosted: 17:21 - 04 May 2009    Post subject: Reply with quote
Pickledswede wrote:
ms51ves3 wrote:
They never asked about the restriction, so I didn't tell them.


Technically they did- any modifications from factory? Restrictors Thumbs Up


There are no modifications though, because it's not restricted Shifty
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Wozza
Brolly Dolly



Joined: 17 May 2008
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PostPosted: 18:32 - 04 May 2009    Post subject: Reply with quote
I got an online quote without declaring the restrictors then rang to confirm and pay - just mentioned the restrictors to the bloke on the phone, "yeah that's fine" - made no difference.
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Pickledswede
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Joined: 15 Jul 2008
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PostPosted: 21:30 - 04 May 2009    Post subject: Reply with quote
iooi wrote:
Pickledswede wrote:
Don't you get a cheaper quote if you declare them? Why would you not?!


Think about it.....

Its the cost of replacement and other costs in a accident that set the quote.
So restrictors have no impact on that.... The bike still costs the same to replace, and can cause the same amount of 3rd party damage...
In fact they should increase the price, as it showing a less experianced rider... But they should know that by the age/time held etc.


Yeah but in theory it should mean you have less potential for acceleration and top speed, I know that in an accident the difference this will make is negligible, but surely that's what affects the price, rather than how much it will cost to replace the restrictor kit? And as you said I'm sure they've overcharged you on the less experienced rider bit already by Age: and License held for:


ms51ves3 wrote:

There are no modifications though, because it's not restricted Shifty


Pickledswede wrote:
That's if they are actually in there, if not I guess you're right Very Happy
Laughing

Last edited by Pickledswede on 21:46 - 04 May 2009; edited 1 time in total
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ms51ves3
Super Spammer



Joined: 08 Jun 2007
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PostPosted: 21:32 - 04 May 2009    Post subject: Reply with quote
Pickledswede wrote:
That's if they are actually in there, if not I guess you're right Very Happy


Missed that Embarassed
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Jayd
Renault 5 Driver



Joined: 20 Apr 2007
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PostPosted: 22:33 - 04 May 2009    Post subject: Reply with quote
Reason I asked, was exactly that. Got a quote with Bennetts I was happy with. Then went back, added the restrictor, and it added almost £500 on to my policy, even with 3 years NCB? Shocked Surprised
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AppleJoe
Brolly Dolly



Joined: 02 Dec 2007
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PostPosted: 22:44 - 04 May 2009    Post subject: Reply with quote
Yeh I'm looking at quotes now and declaring restrictors always makes it more expensive.

But should you declare restrictors if they aren't there - bit of a catch 22. If you do declare them and they aren't there, then insurance isn't technically valid. If you don't declare them and they aren't there, then you couldn't say to the insurance company (in the event of a claim) "it wasn't restricted". You get screwed both ways really.
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Chriss
World Chat Champion



Joined: 07 May 2005
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PostPosted: 06:54 - 05 May 2009    Post subject: Reply with quote
iooi wrote:
Pickledswede wrote:
Don't you get a cheaper quote if you declare them? Why would you not?!


Think about it.....

Its the cost of replacement and other costs in a accident that set the quote.


It's not just that, it's also patterns that bump up insurance prices. "Do people who have X have more claims?", I'm thinking the answer would be yes, so I would expect to see a higher premium for restrictor.
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Biker101
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Joined: 22 Jan 2006
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PostPosted: 20:12 - 07 May 2009    Post subject: Reply with quote
I didn't declare last year, thought they should know from my age anyway since i had just passed my test at 18, that was with bennetts aswell so they should know.

This year i didn't declare but the guy on the phone just said to me my insurance is only valid if i fit a restrictor in the legal mumbo jumbo spiel he did so it didnt change the price at all, they just expected it. Thats with bikesure who so far have been an efficient company!
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ms51ves3
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Joined: 08 Jun 2007
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PostPosted: 21:38 - 07 May 2009    Post subject: Reply with quote
Biker101 wrote:
I didn't declare last year, thought they should know from my age anyway since i had just passed my test at 18, that was with bennetts aswell so they should know.


My insurance documents have just come through from Bennetts and it says I'm still on a provisional Laughing I thought their system would at least flag it up that if you are on a provisional licence, you can't ride a 250cc.
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