Another Insurance Rant

[von1papen]

I'm struggling to understand the logic behind some it.

I got a quote for TPFT, £170. Locked Garage, yada yada.

With the Bikes value of £500, I'll never claim for theft, not worth it as we all know.

So you'd think, just go for TPO. except it is £50 more expensive, for less cover????

Therefore meaning you may as well just get TPFT, tell them it is secured in alkatraz to lower one's premium, with no intention of ever claiming for this cover.
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Honda CG125<Honda CM200< Kwak GT750 (SOLD) < BMW R65

[Troy92]

I get this a lot it's stupid but it's in our favour for once

[Irn-Bru]

Car insurance is the same, TPFT is cheaper than TPO. Really not sure what the logic is. Some times fully comp is cheaper again, so when I do quotes for cars or bikes I always make sure to try every single option to make sure I'm giving the robbing scvm as little money as possible
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KTM 990 SMT & Suzuki DR-Z 400 SM

[Walloper]

The insurers are simply profiling you.
The folk who will scam will most likely take min cover.
So they make min cover a bit more expensive.

I can't remember the math for it but I'm sure it has some statistical evidence to back it up.
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W-ireless A-rtificial L-ifeform L-imited to O-bservation P-eacekeeping and E-fficient R-epair

[Rogerborg]

Evidence is not the plural of anecdote.

The same dodgy geezers are still out there looking for insurance, you're just encouraging them to get more cover

[Walloper]

[Derivative]

How about this:

People who only check TPO (as they may assume it's cheaper) will pay more if you ramp up TPO arbitrarily.

Hence, profit.

[radicalrabit]

i got a quote for a vauxhall vectre estate .. then discovered a younger jaguar diesel estate was cheaper but to add lunacy into the issue the Bently Mulsane was cheaper still !!!!!

wish i could afford the fuel for that ......
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VF1000 F2F, BLACKBIRD with carbs, 2nd VF1000F2F just need somewhere to go now..

[cg125erinit]

this probably goes without saying but never accept renewal quotes and never use a broker like carole nash. they always gouge you.

I've had renewal quotes go up every year that were always beat by moneysupermarket.com quotes. usually by orders of magnitude greater than 100%!

also again probably common knowledge but bear in mind your ncb wont be honored after 2 years by almost everyone nowdays. so if you're taking a break from riding keep this in mind. I've lost 5 years before much to my distress.

[Walloper]

[CaNsA]

Over 25?
Bike atleast 15y/o?
Kept in a garage?
6 points or less on your licence?

Get a classic motorbike insurance policy.

[Linux]

It's probably from the fools like me who go for TPO assuming it to be cheapest without even asking for a TPFF or fully comp quote thinking it will be lot more.

Had TPO for 2 years on my last bike, and after some online comparing, discovered I was over paying by £112 a year from the same insurance company by going with TPO instead of TPFF.
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Two wheels are all I need.

[Walloper]

[Rogerborg]

This thread makes me saaaad.

Whitehall loves meddling and regulating: maybe they should mandate that insurers should have to give prices for all available levels of cover.

Still, you paying more means I pay less only not really but it's a comforting fiction.
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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