TPFT vs FC... how worthwhile is it

[-Matt-]

Insurance is due for renewal next week

First time FC has been remotely affordable, i'm looking at
£276 FC or £159 TPFT

Just wondering how worthwhile FC insurance actually is now days in BCF's opinion.

Presuming i don't ride like a tit and end up being clearly at fault, would likely accidents like someone else hitting me/blindly pulling out and so on mean TPFT and the subsequent claims assistance people i could goto/insurance would offer claim back similar damage-costs with TPFT that i'd get off a FC policy anyway

The bikes value is somewhere between 3-4k, so on the face of it for an extra £120 its tempting to go FC for 'peace of mind', but i don't know if thats just me putting faith in it being worth the paper its written on

[Walloper]

If you have £3-4K to chuck at a new bike if it gets mashed in a 'your fault' crash then go TPFT if not then FC.
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[Notj7]

How much does claiming on your own insurance for a new bike tend to up your next premium? Just out of interest...
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Left the forum.

[-Matt-]

Would of thought it varies greatly depending on the your age/previous years NCB prior to the claim [presuming you're deemed to be in some way or entirely at fault at least]

[Walloper]

[Notj7]

[Aff]

Do a couple of insurance quotes with a 4 grand fault claim on and however many less no claims you will have and see the price difference, times this by 5 and add the excess and the £100 for FC insurance.

Then take off the payout you are likely to get, so lets say £3000?


When you write off your bike the "real world" loss is unlikely to be more than half the value of the bike, whether you decide to fix it with second hand parts or to part out the good bits that are left.

So does the value you added up come to more than 2 grand? If so, it's probably not worth ever claiming on your bike.
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[P.]

I ran a quote for smashing up £300,000 worth of car and my insurance is still under £1k for a car.

Yet I have an unsettled claim and £5k+

[-Matt-]

Thanks Aff, never thought about it in the sense of longterm effects like that before, puts it in a whole new light

Will be continuing on with TPFT i think

[goto10]

[Slacker24seve...]

[G]

Fully comp is very useful if you have an 'at fault' claim - at this point you have a claim against you, so you can get a bit of money back yourself and hopefully have any recovery fees and the like covered.

[Polarbear]

For me, fully comp is cheaper than TPFT. Work that one out. Not that I have had anything but FC for donkeys years.

I found that out when I went to insure a second little car for commuting to the station so no claims and it came in at 275 FC and 305 TPFT.
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[G]

[Walloper]

[-Monty-]

I personally wouldn't bother getting FC if it's more expensive. The only reason I went for TPFT over TPO for my CB500 was that TPFT was actually cheaper.

If you make a claim, you will most likely pay it back over the course of the 5 years you have to declare it for (both in premium increases and lost NCB) - unless you mow a child down then you won't be paying any insurance. Ever. Again - it basically just depends on whether you want to pay for damages to your bike now or over a long term loan.

If you don't think you could afford to replace/repair your bike in the event of an accident/theft then maybe consider going for FC, but otherwise I wouldn't bother.
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Past: [Honda PCX 125] [Yamaha RXS 100] [Honda CB 500] [Triumph Speed Four] [Honda ST1100 Pan European - Po-Po Edition]

[-Matt-]

Thanks for the responses

Probably going to sorn the bike and lock it down for a month or two frok when it expires next week while i sort out moving ive decided. Will do some new quotes for the new address after that and make a final decision

[-Monty-]

[-Matt-]

Oh no still available for the rideout just... expires end of monday, perfect timing really!

Hopefully it doesnt get posponed though as that might mean id miss the next one - weather forecast is deteriorating daily at the moment

[Golgarth]

All I know is that I couldn't cover the cost of my bike when I totalled it. The front tucked as I braked and it destroyed the bike. It wasn't repairable (not economically, even with second hand parts) and I owed finance on it.

Yes my insurance is going to go up, but at least I ain't paying for a bike that I destroyed and can't ride anymore.

If the bike stood me less than 2k I would insure it third party.

[maph3rs]

Thing that got me was the excess. FC was only like £50 more but excess was £950. So add that to the £300 FC they wanted would stand me at £1300. £300 more than the bike cost as well as screwing up my premiums for the following year(s).

[jeddy11]

Think golgarth hit the nail on the head can you afford to chuck your bike down the road and get nothing back ?

At least if your fc your going get money to get a new bike etc and/but pay for it over a period of time...

Bit like a loan or paying outright if you have the cash to replace then go tpft or if you cant then fc ??

lose/lose really
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