Excess...

[Villers]

Ive got a couple of questuons regarding excess and general insurance.

Im currently with MCE, last year paid about 380 for my mille R, 4 years no claims, garaged etc in a good area for about 3k miles a year. I cant quite remember the excess but im guessing it wasnt good.

Renewal came through today at £320 from MCE, went on bikeinsurer.tv and got that down to £262 (with MCE FFS) but its £500 compulsary and £200 voluntary. Im 30 this year for christs sake, and they want 700 excess on me for any kind of claim! Is this normal or am I looking at the cheap quotes and not thinking of the slightly more expensive ones? To be fair they were all pretty high though!

At the same time, and I dont mean to take the piss for the younger riders - Ive been there and paid over the odds for insurance and I understand that £260 isnt a huge amount of cash, does that sound fair for a 30 year old on a sportsbike thats no faster than a 600 and only worth 4k on a good day?
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RS125 > CBR6 > SV650S > ZX636R > GSX1300RZ Hayabusa > 06 RSVR Mille > SV1000S > Street Triple 765 RS

[Vincent]

It seems high excess charges are the latest way that insurance companies rob people. They will have paid some shiny-arsed executive a nice six-figure bonus for thinking that one up

Is that Third party or fully comp?

[Villers]

Fully comp, TPO was £98 lol.

£900 to make a claim sounds like 'do it right or don't bother'!

Granted an italian bike could easily rack that up, the original exhaust cans are worth more than that iirc. Still totally enragin that you can insire your bike as an old bastard and be bummed if, heaven forbid, you actually need to use it. Essentially if I was to stack it in a single vehicle accidnet I wouldnt get £3k if I was lucky after they had got their cut of excess.

I know they are twats and shouldnt be suprised but sometimes it still gets to me!
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RS125 > CBR6 > SV650S > ZX636R > GSX1300RZ Hayabusa > 06 RSVR Mille > SV1000S > Street Triple 765 RS

[Vincent]

[Villers]

Last time I went 3rd party I got hit by a car and then screwed over, it ook 4 years to sort out and I had a smashed bike in the mean time.

I'm on the brink of packing it in to be honest but don't tell anyone. I could afford to lose the cost of the bike but I'd rather have it in my pocket. At the same time my interest in biking has went down everytime Ive got a more expensive bike All down to one daft experience where I got fucked!
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RS125 > CBR6 > SV650S > ZX636R > GSX1300RZ Hayabusa > 06 RSVR Mille > SV1000S > Street Triple 765 RS

[0l0dom0l0]

Try go compare and make sure you stick your voluntary excess at £0

Also I had a £800 excess quoted, but they rang me up and got it down to £400 and took money off the quote so sometimes its often worth ringing.

£400 is about right but I wouldn't be prepared for much more if you were going fully comp. Destroys the object of it really.
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CBT Passed: 30/08/2009, Theory Passed: 31/08/2010, Mod 1 Passed: 6/9/2010, Mod 2 Passed: 13/09/2010. Restriction ended 13/09/2012.

Bikes: 2007 Derbi GPR 50, 1998 Yamaha Fazer 600 (written off), 2002 Yamaha Fazer 600, 1994 CBR 600F, 2003 Triumph Daytona 600, Kawasaki ZX6R J1.....Current: 2006 Yamaha FZ6, 1998 Suzuki TL1000R and a Honda VFR 400 NC30.

[theopj]

500 Excess for fully comp seems pretty common these days - especially AXA policies.

Could try Carol Nash - they are giving away their excess protection insurance until the end of this month, so you wouldn't have to pay any if you needed to claim, and they might match those mongs at MCE if you ring them up.
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Suzuki Bandit SA 1250 & Honda CB750F2T

[c-m]

[Minty]

[Rogerborg]

[c-m]

[duhawkz]

[JP7]

It's an interesting point really, do you go for the cheaper premium but risk being bitten if you crash? Or pay a higher premium for the benefit of a lower excess which you may never need? I tend to strike a balance between them and go for something in the middle somewhere.

Insurance is like a lottery, and like the National Lottery, you never win!

[c-m]

What was the excess on the excess insurance?
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Motorcycle headlight bulbs and HIDs
Blogging about my bike and trips
https://ridershandbook.com/

[rac3r]

As mentioned just take out excess insurance (comes under the add ons for the policy) for £30
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Bikes : 2006 CBR125R - 2004 Monster 620ie - 2004 ZX-6R B1H - 2005 Monster S2R 800 - 2011 Street Triple - 2009 Streetfighter 1098 - 2014 ZX-6R 636

[Villers]

Rang MCE today, usualy bullshit on the phone...

'Do you have your renewal?'

'Yeah I do'

'Are you happy with it?'

At this point I think I am supposed to say 'yes please, and by the way thankyou for giving me the opportunity to let you plunder me without so much as a kiss'

Instead I said no, so she took some details, removed breakdown cover and it went UP!!!! From £307 to £330. I told her that was no good and I'd got a better quote on thebikeinsurer and it was woth bloody MCE FFS. So best quote I got was £262 which I have yet to accept. I asked if the policy was cheaper because of the high excess and she went quiet before saying 'erm.... theres not really much difference'

Scumbags the lot of them, the renewal shouldnt be some kind of opening gambit. She even tried the 'whats the best quote you have' trick, I told her none of her business, tell me what YOUR best quote is and I'll let you know if you are near lol
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RS125 > CBR6 > SV650S > ZX636R > GSX1300RZ Hayabusa > 06 RSVR Mille > SV1000S > Street Triple 765 RS