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| samkent6 |
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samkent6
Derestricted Danger
Joined: 11 Mar 2017
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 Posted: 15:03 - 27 Apr 2017  Post subject: A2 bike insurance |
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So my instructor was selling his 2005 CBF500 ABS with 48k miles for £1500 and so I decided to jump on it as I couldn't be asked frankly to deal with running around everywhere to find a decent bike. This one has been spotlessly maintained throughout its life and already is carburettor restricted for the A2 limit. Obviously at the time I was not thinking at all about insurance or tax prices.
Got my DAS in 3 weeks and I've Just been doing a bit of googling and the cheapest I can find comprehensive is £323.09 from GoSkippy. (Obviously lying by saying Ive just got my licence this month, and using www.thebikeinsurer.co.uk). Also I used an 04 CBF500ABS I found for sale on gumtree as I didn't note the registration of this one when I looked at it and rode it. That was with an Abus disc lock as well as kept in a locked garage overnight. Anyone had any experiences with them? Does comprehensive insurance automatically cover you for stolen bikes or is that something you need to discuss with the insurer before buying? I would be using disc locks out in public also. Because if so GoSkippy sounds tempting. I'm not fussed about other things like helmet and leather cover and breakdown cover. I just have a fear that I can't shake since theft is a lot easier for a bike
Because the next cheapest after that one was "Right choice insurance broker" at £769.96. That's damn near what I paid TPFAT for my car back in March this year so that's a no straight away. I will call Admiral (my car insurers) to see what they turn up. Should i just wait until I'm passed and then start searching around again? What sort of prices should I be expecting as a 20yo new rider? Also. Comprehensive vs TPFAT? |
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| DRZ4Hunned |
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DRZ4Hunned
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| samkent6 |
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samkent6
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| DRZ4Hunned |
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DRZ4Hunned
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| samkent6 |
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samkent6
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| DRZ4Hunned |
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DRZ4Hunned
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| Posted: 15:26 - 27 Apr 2017 Post subject: |
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There will be different factors that their algorithms take into account, try changing things like mileage, security, bike value, bike usage, modifications etc and see if you get it any cheaper.
Could also try calling them, they seem to pluck their estimates from thin air, so get a quote and say you got it cheaper at <generic insurance company> and get them to beat it, just don't take the piss too much 
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| Rogerborg |
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Rogerborg
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| Posted: 15:36 - 27 Apr 2017 Post subject: Re: A2 bike insurance |
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OK, first, do you have the bike in your possession?
If so, have you SORNed it? If not, do it now. https://www.gov.uk/make-a-sorn
| samkent6 wrote: | Does comprehensive insurance automatically cover you for stolen bikes or is that something you need to discuss with the insurer before buying? |
Comprehensive cover will compensate you for any damage or loss to your bike (and only to your bike), regardless of blame. It will cover any damage or loss that you cause to 3rd parties.
The real value of your bike is about £1000. I'm sorry that you paid so much, I'm going by selling prices on eBay.
Assuming an excess of something like £300, you're looking at a £700 payout on a total loss. Then you get hammered for 5 years on all of your insurance policies on all vehicles (yes, cars as well).
So regardless of what you paid, I'd consider that bike to be disposable and wouldn't be making a claim on it.
I'd therefore go for the cheapest cover possible. That could be FC, TPF&T or TPO. It could be £1000 excess or £0. It could be garaged, driveway or street. It could be with no security declared, it could be with chain, disc lock, ground anchor, immobiliser, pitbull. It could be with 2000 miles, or 20,000 miles estimated mileage, with or without pillion use, SDP or commuting.
There's no right answer and logic does not apply. I'd try getting quotes again using a private browsing session, keep clearing your cookies, and get quotes for Mr R. Fakename round the corner until you decide to go for a policy.
Try every combination of the above, you might be very surprised by what makes a difference. I've found that listing security has sent my price jumping up sharply.
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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 |
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Old Thread Alert!
The last post was made 6 years, 357 days ago. Instead of replying here, would creating a new thread be more useful? |
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