Honda CBF125, very scared about insurance

[sn4k3b1t3]

Hi,

I've been driving for about 2 years and decided it was time to move to a motorbike for university.

I've been desperate to get my hands on a CBF125 and I finally got a call that there is one at my local honda dealership for a good price. about £1700

Im picking it up on friday so i thought it was about time to sort out insurance.

Upon looking at price comparison sites for Third party fire and theft quotes the only even slightly reasonable quotes <£900 seem to have very VERY bad reviews.

The first of which is with Bikesure, who are a broker for Markerstudy who actually provide the insurance. They've got some horrific reviews about not paying out, lying, taking over 3 months to process claims etc.

Others include MCE and even RAC which also act as a broker for Equity red star who again, have some pretty bad reviews about reliability.

I'm pretty paranoid that if I would ever have to make a claim that they would kick off a fuss and refuse to pay out.

Does anyone have any experience with these companies? Or have any advice for me?

I would MASSIVELY appreciate it

Thanks.

[BG5067]

hey there, I have a YBR125 2012. and was quoted £1100 by bennetts for TPFT lol it's crazy, fair enough i don't have a full licence or any NCB but the fact i'm 28 and that thought it would be cheaper. Luckerly i got a quote through Lexham for £470 FC. which i took out.

Have you tried Lexham?
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Current. Kawasaki ZX9R.

Theory passed 17/01/2014. Mod 1 Passed 03/02/2014 (0 faults) Mod 2 10/02/2014 Passed (0 faults)

[Rogerborg]

Two kinds of people post on review sites:

#1 People who have had a bad experience with the product or company.
#2 People who have had an actively great experience with the product or company.

Bike reviews, for example, attract both types. Insurance reviews only tend to attract #1, because really, who's bowled over by insurers delivering what they contracted to do?

Just assume that they're all a bunch of lying thieving barely trained incompetents, and exceptions (like arry ) will delight you.

Now, R U SRS? ~£900 for a £1700 CBF? That's just money down the drain, especially if they're stitching you up with a big excess (voluntary or compulsory). That makes it a £2600 bike, that's more than a brand new one.

It doesn't look as though Honda or Yamaha have insurance deals on their 125s at the moment, but it's certainly worth asking around dealers to see if you could get a new CBF or YBR for that money with a sweetheart insurance deal on it.

If not, then can you really afford that? It's a nice enough 125 (if you get a good one) but at the end of the day, it's a 125 made in India for the domestic Indian market. I'd suggest that you look for the cheapest running, MOTd and taxed commuter bike that you can find, get TPO (or maximum excess TFPT or even FC, you may be surprised), and spend the savings on an asset: physical security.

You won't lose anything in depreciation, it's less likely to get nicked, and the cool factor of any bike is strictly limited by the presence of L plates.

Bear in mind that you have until January 19th 2013 to pass your tests or else you'll get caught up in the 3DLD rules, which will not be to your benefit.
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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

[Billo63]

May or may not be of benefit in your situation, but try Swinton bike ins for a quote.
I & many folks I know of are insured through them, very reasonable ( circumstances dependant obviously ) & had no issues as yet when dealing with them one to one. So perhaps worth a try
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I might not be a gynecologist, but I know a cunt when I see one

[BG5067]

I agree with review sites. Just like anything in life people are quick to tell you bad things about companies but not many people make possitive comments.

Keep searching took me an hour to get a good quote for my YBR
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Current. Kawasaki ZX9R.

Theory passed 17/01/2014. Mod 1 Passed 03/02/2014 (0 faults) Mod 2 10/02/2014 Passed (0 faults)

[scarborough_lad]

I'm £300 a year TP on my CBF. MCE.
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'96 Suzuki GS500

[Matt-]

think of your self's lucky my insurance for my NSR125FM 1993 is £600

just go with lexham they are great
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RIP jack (wheelie king), you will never be forgotten.
Current Bike's - Road Legal TZR 125 Pitbike, Aprilia SR50R 2010

[Teflon-Mike]

I suspect, you may be being honest on the proposal; declaring your occupation as 'Student', and the bike 'not kept at home address' and including '+commuting' on the proposal...

This is all 'good' as far as if you ever subject to a claim they have no get-outs.

But they bump the premium.

Basically what they are telling you is that you are a high risk, and that the bike is likely to be crashed or nicked, and REALLY if it is, they would like YOU to pay for it, not them.....

But they will happily give you a bit of paper to satisfy plod, for a large consideration.

£1700 bike, £900 insurance premium. £300 policy excess?

So, if the bike is nicked, AND they agree to pay 'market value.... something like £1500 stating Parkers guide and private sale prices, not what you paid in the dealers....

Then they take the £300 excess off, settlement would be approx £1200... AND would cancell whatever remaining insurance you have, so possibly half the policy..... effectively another £400's worth of 'loss'.

So before you begin, YOU are covering 1/3 to 1/2 the value of the bike in 'risk'.

And of course, if you DID claim, you wouldn't get no-claims-bonus, and buying a policy for another machine, you'd have to declare the 'claim' and they would bump your premium for it.....

So in the following three to five years they would probably get back most of what they paid you out anyway in policy loadings.....

However, when you are skint, your skint, and £1200 cash in hand towards getting another bike, is a lot lesser 'hit' than writing the whole lot off in one go....... So still worth doing....

BUT, you know they are all much of a much, no-heart, bean counting shy-locks......

So, dont sweat it to much... IF you have to claim, you HAVE to claim.... go with what looks the 'best' deal......

Use your head, and try not to let it come to a claim. So dont ride like a tit!

And CHAIN THE FUCKER DOWN wherever you leave it!

£50-£100 for alarm, disc-lock, and a 'portable' security chain to tie it to something immoveable when you park up.

And hope for the best.
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My Webby'Tef's-tQ, loads of stuff about my bikes, my Land-Rovers, and the stuff I do with them!
Current Bikes:'Honda VF1000F' ;'CB750F2N' ;'CB125TD ( 6 3 of em!)'; 'Montesa Cota 248'. Learner FAQ's:= 'U want to Ride a Motorbike! Where Do U start?'

[Irn-Bru]

Brand new for £1,700? They are about £2,000 new so bear that in mind if it's second hand.
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KTM 990 SMT & Suzuki DR-Z 400 SM

[arry]

[arry]

[dungbug]

Another shout for Swintons, I insured my 125 with them & stayed with them when insuring the Cat. Always seem helpful enough (possibly because they're taking money off me each time we've spoke ). No idea how they'll be if/when it comes to making a claim though. To be fair I think insurance companies are much like politcial parties (F*ck all difference between them) so go with the cheapest you can find I'd say, I personally had a lot of grief when making a claim with C*ntflaps, sorry I meant Hastings years back so because of that they'll never see my business again. I usually find calling companies directly gets a true price, alot of comparison sites will offer a cheaper quote and then add other stuff on. I know it's ball ache making the calls but I find you can usually negotiate on the price they quote.

Well done getting the CBF btw, get some photo's up when you've got her.
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CBT: Pass 25/06/2011 Theory Test: Pass12/06/2012 Mod 1: Fail 08/07/2012
Mod 1 Retest: Pass 15/0702012 Mod 2: Pass 03/08/2012
Suzuki GN125 (Sold) ~ Current bike: Yamaha YZF 600R Thundercat

[Mark 37]

I'm twice your age with A 2011 cbf valued at £1600 and i got insured for £150 with an excess of £300 for fully comp.

Cheers,

Mark
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No matter how fast light travels, darkness was always their first.

[bikertomm]

Hello mate

Firstly, ALL reviews are bad for insurance companies.

They are all bastards and will try to wriggle out of anything.

Go to the bike insurer and get a quote.

Doubt it will be over £500 TPO
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07' Honda Hornet now full powaah! My guide on performing an oil change!

[Matt-]

[bikertomm]

[Matt-]

Very good quote's coming from them actually some with Zero Excess

£400 to insure my NSR Nearly £250 Cheaper

Why thank's
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RIP jack (wheelie king), you will never be forgotten.
Current Bike's - Road Legal TZR 125 Pitbike, Aprilia SR50R 2010