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Insurance on a new bike?

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Snorty
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Joined: 13 Oct 2010
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PostPosted: 19:08 - 05 Mar 2012    Post subject: Insurance on a new bike? Reply with quote

So my insurance is up on the 10th.

The base gasket has just gone on my GPZ, it needs a new front tyre, a new rear tyre, a new chain and sprocket, new downpipes (a new hole has just reared its ugly head), left fork seal needs doing, needs new mirror.

I've been quoted £200 for the year on it - TPO.

Now... all this work it needs is important stuff, the legal stuff (tyres) I'm going to have to spend a bit.

I've been offered a CBR600 with 30k on the clock for £700 (1991) just had a service, new front and rear tyre, new chain. Everything is basically sound, 12 months MOT & tax.

It's from a friend so I don't have to pay all of it up front, he doesn't mind paying over 2/3 months, which should be fine.

So for starters, does this seem like the best option? I'm leaning towards it already...

Secondly, how the hell do i get my insurance quote down from £450?! It's £200 on the GPZ!
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Current: Yamaha FZ1 '07 | GSXR 750 SRAD

Past: CB125TDC | TZR125 | GPZ500 | CBR600F3 | ZX9-R | GSXR1000 K4
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FerretFing
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Joined: 11 Nov 2007
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PostPosted: 19:38 - 05 Mar 2012    Post subject: Reply with quote

I'd change bike & sell the other as a project on Ebay for someone. Insurance quote is very high - how old are you? I just got a quote of £90 for an 2011 MT-03 fully comp.....I am most likely a bit older than you though Embarassed
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Snorty
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PostPosted: 19:43 - 05 Mar 2012    Post subject: Reply with quote

Meh the GPZ still runs alright, I'd rather keep it than sell it for the mere £200 or whatever it would fetch. It's MOTed for 10 months anyway.

I'm 23 and I've got 2 years no claims bonus on bikes. I just don't see why I should have to pay so much. To insure myself on a Suzuki Hayabusa 1300 it would be £300. Lolwot.
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Current: Yamaha FZ1 '07 | GSXR 750 SRAD

Past: CB125TDC | TZR125 | GPZ500 | CBR600F3 | ZX9-R | GSXR1000 K4
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Noxious89123
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Joined: 10 Jun 2007
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PostPosted: 20:19 - 05 Mar 2012    Post subject: Reply with quote

snorty wrote:
I'm 23 and I've got 2 years no claims bonus on bikes

I ride a 2000 CBR600 and my insurance costs me about £180 TPFT. I'm 22 with about 4 years NCB. It was the same last year too. Oh and I have 3 points on there. Bike isn't garaged, but is kept off road.

Do you live in a scummy area? Laughing
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'06 Honda CBR125RW-6 ~ '00 Honda CBR600F-Y ~ '07 Honda CBR600RR-7 ~ Bikeless Sad
'53 Ford Ka 1.3 ~ '03 Vauxhall Astra SRi 1.8 ~ '52 Vauxhall Astra SRi 2.2 ~ '53 Vauxhall Astra GSi
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Snorty
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PostPosted: 20:53 - 05 Mar 2012    Post subject: Reply with quote

Well no I don't.

I live in a decent area of Leeds (one of the few!)
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Current: Yamaha FZ1 '07 | GSXR 750 SRAD

Past: CB125TDC | TZR125 | GPZ500 | CBR600F3 | ZX9-R | GSXR1000 K4
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iooi
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Joined: 14 Jan 2007
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PostPosted: 09:08 - 06 Mar 2012    Post subject: Reply with quote

snorty wrote:
Meh the GPZ still runs alright, I'd rather keep it than sell it for the mere £200 or whatever it would fetch. It's MOTed for 10 months anyway.
.


Just remember if you do keep it, that you will have to SORN it..... Or insure it.

Perhaps look at tpf&t or FC prices as well. Sometimes come up cheaper.
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P.
Red Rocket



Joined: 14 Feb 2008
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PostPosted: 09:15 - 06 Mar 2012    Post subject: Reply with quote

Stop quoting TPO, try some FC quotes.

Insurance is mental, stuff like a B King or TL1000R are around £300 TPFT Laughing

But CBR600rrs and R6's looking around a grand Laughing
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GF-91
Brolly Dolly



Joined: 14 Apr 2011
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PostPosted: 10:47 - 06 Mar 2012    Post subject: Reply with quote

Your insurance is cheap dude. Any bike for me is about 1k..well, that's bikes that's I like, anyway. Lol
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Snorty
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PostPosted: 23:04 - 06 Mar 2012    Post subject: Reply with quote

It's £450 for fully comp.

Moral of the story? Get a 1000cc if you can afford it...

I could save up for a 1000cc but I feel like I should get a 600cc first, if I go straight to a thousand I don't get to experience the steps between!
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Past: CB125TDC | TZR125 | GPZ500 | CBR600F3 | ZX9-R | GSXR1000 K4
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