Insurance through the roof?!

[Benson_JV]

Salutations comrades.

My first year of being raped by the insurance companies has come to an end.
I paid £1100 or so last year and up until a couple of weeks ago I was being requoted around £7-800 which I was quite happy with.
Now the problem is now I'm being quoted absolutely no less than £2000

What gives?! Nothing has changed between my quotes of a few weeks ago and now. There is no way I can afford that and thus will lose my job...not cool.
I've tried changing it to a locked garage, commuting, no commuting, job type, everything!
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Willson - "If you go out on that CBR600 in the winter, you're going to do more miles on your side than on your wheels."
Riding: CBR600FW Driving: Audi A6
Previous Bikes: '96 Bandit 600, '96 GPz305

[bikertomm]

I have no idea, I'm in same situation.

I heard insurance is going up and all but it seems a bit.. shit.

Was getting quotes for TPFT on a 125 for £360 about 5 weeks ago. Now it's £1,290 !

What in gods name..

Gonna have to go for third party only.


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07' Honda Hornet now full powaah! My guide on performing an oil change!

[Hetzer]

I will say it again...the insurance industry needs to be govt regulated to stop this criminal fraud.
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"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"

[garth]

Mine went up 80 quid in two weeks, which was a bit bizarre. Didn't really have much choice as I'd just bought the car though.
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You ain't a has been if you never was

[Polarbear]

I've just changed my car from a powerful 2.5 litre V6 Alfa Romeo to a sensible (read f**king boreing) 2 litre ford C max and my insurance went up from 650 to 700, with another years no claim.

When I asked why they came out with some bullshit that meant nothing.
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Triumph Trophy Launch Edition

[J4mes]

[Polarbear]

[dransy]

Ride / drive without any insurance , only costs 80 quid and that's if you get caught ! Bargain I rekon
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Being shot out of a cannon will always be better than being squeezed out of a tube. That is why God made fast motorcycles

[Benson_JV]

I was thinking about dropping £500 on something like a CB500 as the insurance would be cheaper but can't find anything for that money!

This is not on.
____________________
Willson - "If you go out on that CBR600 in the winter, you're going to do more miles on your side than on your wheels."
Riding: CBR600FW Driving: Audi A6
Previous Bikes: '96 Bandit 600, '96 GPz305

[Polarbear]

[angryjonny]

Funny old world innit. I bet all those people who no-win-no-fee themsleves five-figure settlements for "whiplash injuries" following a minor ding in the high street bitch about the price of insurance these days too. It's a bit like fishermen going way over their quotas and then bitching that there aren't any fish left.

[G]

It's best to get insurance before the new year if you can - as it often seems to go up then. Been a lot going up over the industry. Some are justified, but I'm sure plenty aren't too.

[Benson_JV]

I am quite stuffed then as I simply cannot afford two grand! F'ing rip off artists.
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Willson - "If you go out on that CBR600 in the winter, you're going to do more miles on your side than on your wheels."
Riding: CBR600FW Driving: Audi A6
Previous Bikes: '96 Bandit 600, '96 GPz305

[P.addy]

[fatpies]

Duh what has happened is all the insurance industry bods have gotten together and decided to raise their prices in a coordinated manner because they are a cartel.

When the office of fair trading comes round, they collectively give the inspectors a suitcase filled with money to make the problem go away.
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"It's easy to attack and destroy an act of creation. It's a lot more difficult to perform one"

[G]

Are you in an area that suffers a lot of insurance fraud?
That could certainly be contributory.

I'd start by ringing around.
I wouldn't be surprised if some of the companies offering cheaper deals are the ones not on price comparison sites etc. So get a list of the ones you have been quoted by, then ring everyone else - back as it used to be .

What's your commute length?
Tried getting some quotes on other bikes?

[fatpies]

[G]

First off, have you got new quotes every year - renewal quotes are well known to be too high because a good percentage of people take them.

[fatpies]

Granted this is true of Japan, considering there was little (reported) looting and murdering post Tsunami/Earthquake.


The point is the cost is becoming so incredibly high that it is self defeating.

Remember that post on why should we pay for boob implants? Constant gouging in costs of living mean we become uncompetitive as a nation which means more jobs go overseas.


And as such more and more people think sack that and don't drive depriving the insurance of more premiums.

Classic death spiral tbh.
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"It's easy to attack and destroy an act of creation. It's a lot more difficult to perform one"

[StevRS]

Try Hastings direct. My ZZR is £120 fully comp and adding the 125 onto the policy (again fully comp) is £20.

I won't say how much my car insurance is though
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MV Agusta Brutale 800 RR, Unfinished 1978 XS250

[Suntan Sid]

[Kickstart]

[Rogerborg]

At a wild guess, I'd venture that Equity Red Star have been keeping costs down, but they have just now "exited unprofitable business and increased the price of premiums across its motor insurance business.".

I suspect this because I just hit up a comparison site and virtually all the cheap quotes were underwritten by "Highway" - I can't recall seeing Equity Red Star at all.
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Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[chris-red]

[J0Al1]