Insurance... how does that work?

[andym]

A couple of weeks ago I called the insurance company about getting my bikes insured, I was quoted £470 FC for both.

Yesterday I insured the zxr which cost me £252 FC, today I called to find out about changing the policy to the gpz, and they told me it would cost £40.50 (admin fee), or to add the gpz to the existing policy would be £85 (again with the admin fee).

So technically for me to insure both bikes has only cost me about £290 (plus admin fee)

I'm not complaining in the slightest, but I'm slightly confused about why it costs so much to insure 2 bikes, but so little to insure 1 then add another bike to the policy

[LockyUK]

i don't think anybody understands insurance rationale

[Rogerborg]

The reason would be that you spoke to a retard, or a liar, or both. Don't sprain your brain looking for the logic in it.
____________________
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

[Copycat73]

how much was it to insure the gpz on a stand alone policy ?

thats the way i went; one bike with one policy; got sick of inflated prices on multi bike policies and that dont give any no-claims bonus on the second bike.
____________________
Whatever I post I have no citation and no intention of providing one..
caveat emptor

[chris-red]

You have fallen into the same trap as most people. You assume insurance follows the laws of logic and physics.

I think insurance is actually a 4 or 5 dimensional construct and that is why we are physically incapable of grasping it.

Put is this way, in a 2D world a sphere would be a circle, right? 2D creatures would feel at home as they know what a circle is, but what about a cylinder? depending which way it turned it could be a circle or a rectangle of any odd shape in between. This would confuse the shit out of anything existing in 2 dimensions. Insurance is much the same it has come from a different dimensional realm and as such prices depend purely on what way it is facing that day.
____________________
Well, you know what they say. If you want to save the world, you have to push a few old ladies down the stairs.
Skudd:- Perhaps she just thinks you are a window licker and is being nice just in case she becomes another Jill Dando.
WANTED:- Fujinon (Fuji) M42 (Screw on) lenses, let me know if you have anything.

[Paulington]

Oh you, so naive!

Insurance in the UK is actually far more complicated than M-Theory and is far beyond our mere mortal understanding. .

Chris' analogy to "Flatland" creatures is very apt, to understand the workings of insurance you'd need to have a higher dimensional understanding which just isn't possible with how the human race is currently.

Remember, it is not () random, it is a multi-dimensional construct far beyond human experience and understanding, even the insurance companies don't know how it works, they just read it and spit out what it says. .
____________________
"Four wheels move the body, two wheels move the soul."
Current Vehicles: '89 Kawasaki KDX200, '99 Yamaha XV535, '00 Honda ST1100 Pan-European, '08 Suzuki GSX-R1000, '08 Mitsubishi Lancer GS4 2.0 TDCi, '15 BMW 1 Series 116d Sport Turbo.
CBT: 27/08/08. Theory: 04/09/09. Module 1: 16/09/09. Module 2: 01/10/09.

[andym]

I don't think it will ever make any sense... just thought someone might be able to explain it.

Copycat73, to insure the GPz would have been £258

[Copycat73]

[Walloper]

[Blue_SV650S]

I have been with e-bike insurance for quite a few years now. It is simplicity itself to add or remove bikes from the policy. You do pay an admin fee, but it is ~£10-15. I've got 4 bikes on the same policy at the moment.

I have struggled to find anyone to match them for multi-bike

https://www.ebikeinsurance.co.uk
____________________
The purpose of life is to fight maturity.

[andym]

[mcgoogle]

i got a quote on thebikeinsurer yesterday for £165 on my cbr then took off my claim that happened 4 years ago and the price shot up to 270 . I think you have to be some kind of wizard to understand insurance companies
____________________
current bike - CBR600fv