Insurance on the new CBR

[adambenhamo]

Hello everyone

Basically, i turn 17 in september and am looking to get my first bike, i will have to buy something learner legal because i need to get some practice before i do my test(which i intend to do ASAP) I was looking at some CBR125's 2010 and how much they cost to insure, and i was getting quotes of around 500, which is fine for me.

Today though, i went down to the local dealer and sat on the new cbr and fell inlove. I love that it's a bigger bike and that it feels like a real sports bike. I was then pretty shocked to be quoted £1500 for insurance!

Have i done something wrong? There is only a year difference?!

Thanks in advance

AdamBenHamo

[ws4936]

[adambenhamo]

I was assuming a 125, not bothered about any 50cc rubbish to be honest.

I filled out the forms quoting myself as a year older, so in the same position as i will be

have i done something wrong? or is it normal to go up £1k like that for no real difference?

thanks

[Ingah]

Where are you getting your insurance quotes from?

If it's only a single broker, there's your problem. Although bear in mind, insurance quotes are normally all over the place anyway.

Use a screenscraper. Hell, use all of them. Then you'll be in the right ballpark in the lower insurance quotes you get. This is assuming you're not one of those numpties who rings up one company and takes out the quote from that company, so they can cream a load of profit out of you.

And remember to use this guide when the time comes:
https://www.moneysavingexpert.com/insurance/cheap-motorbike-scooter-insurance

Insurers think you're likely to drop it, and claim for it (i'm assuming you're putting in for comprehensive quotes). Newbies almost always drop their bike sooner or later. And with so much overpriced fancy plastics (seriously if you've never got fairings priced up for brand new Honda bits, do it now, and it will shock you) all it would take is it to go over on its side once, and you'll probably write it off entirely. Meaning they'll have to give you it's value (they'd PROPERLY screw you over when you wanted quotes the following year, mind) - over 2 grand. So they're pricing accordingly. Not to say some insurer won't come out with a lower quote, but that's the long and short of it.

Whereas if you wanted to insure some shed of a CG125 for third party only cover, you might receive quotes as low as 200-300 pound because insurers know the only thing they could end up paying for is who/whatever you plough into. And only if you plough into something! (i.e. they're not looking at the possibility of having to give you X thousand pounds for your bike when you fall off it down some country lane in the rain - a likely event but ultimately not their problem if you're not comprehensive).

Insurers are pricing you according to whatever risk YOU are putting them to, PLUS whatever they fancy on top. Only competition can bring down the latter figure, but the first is brought down a lot by WHAT you are insuring, and for the RISKS the company is providing for.
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-- Ingah

[adambenhamo]

[adambenhamo]

https://i51.tinypic.com/2mg5xkp.png

Just so you can see what i get... theres one good quote, but i've never heard of the company, and the fact theres only one and they jump 1to 1500+ worries me?[/url]

[Ingah]

[adambenhamo]

At the moment, it looks like a second hand job is going to be the only option, huge shame, beacuse i really like the new size and shape of the CBR as opposed to the skinny old ones, just means i'll have to get my sv650 more quickly, although it might STILL be worth waiting for 1 years no claims... urghh.

Any thoughts on that first quote? legit? i would love to get a new one, and just keep it till uni, also, it's easier to pay finance that a bulk payment...

[ThoughtContro...]

I know you think the 2011 CBR is the mutts nuts, but sadly it doesn't go any faster than the early ones or than a CG or YBR.

Your high quote for the 2011 probably reflects that it's brand new and worth a fair few bob. Is it garaged? (keep it in the house) Do you have a DGBFO chain like an Almax? or a Cat 1 alarm. All those will drop the quote, but the chain and alarm cost money.

If you still want a CBR125, then buy an old one. I know it looks more like a toy but it does the job. It will cost you a lot less and cost less to insure, since the value will be far less . It will have a few scratches and may have been pre-dropped. This will save you the agony and heartbreak when your shiney new 2011 bike gets scuffed, cracked etc, taking all the newness off it. Someone else saved you the job.

Want a bigger, better, sporty looking bike for your L's? Shop around and find a cheap Hyosung GT125R. They're a Korean machine, supposedly from the same designer as the SV, and Hyo make parts for Suzuki. It's like an SV, only with a 125 V-twin and stacked headlights. Cost too much brand new, but there always seems to be ones turning up for far less 2nd hand. Drawbacks is they're heavy for a 125, and they're not as rust resistant as a Honda (invest in ACF50). Also you'll get burned off by chavs on derestricted 125 2 strokes.

Better still drop the sporty bike idea, get a YBR, or an old CG for not much at all, costing far less to insure, do your test and get an SV if that's what you want. You can sell the YBR/CG for as much as you paid for it to the next learner in line, and use the money for whatever big bike you want.

I've got both an SV and an 06 CBR125 and still ride both, depending on distance, time of year and mood. The SV is a miserable city bike IMHO, the CBR shines on little, shitty, city centre back streets where you can't go fast and the rubber band powered engine is sufficient to do the job. Costs nowt to run as well. Stick the SV on the open road tho and it's great.

I'd also avoid finance. If anything happens to the bike, then you'll still be paying for a new bike for years, long after it's gone to the scrapyard in the sky.
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Prize cunt
--
"In a world of universal deceit telling the truth is a revolutionary act" - George Orwell

[Rogerborg]

[adambenhamo]

Is it possible to do just training and test? Sounds like a good idea, and probbaly works out cheaper in the long run, but it is wise for my FIRST bike to be and SV650, albeit restricted? Also, is it poissible to pass with just lessons?

[Capt Castle]

[pinkyfloyd]

[adambenhamo]

Wow! okay, this all seems abit fast! not even done my CBT!

It all sounds like a much better idea, the only thing is, will it cost a right arm to insure my SV650, cuz theres pretty decent 03' models that i would be more than happy with?

Thanks

[pinkyfloyd]

You'd be surprised. The chances are it wont cost as much as the new CBR on a provisional license. The obtaining of a full license brings insurance costs down a good bit.
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illuminateTHEmind wrote: I am just more evolved than most of you guys... this allows me to pick of things quickly which would have normally taken the common man years to master
Hockeystorm65:.well there are childish arguments...there are very childish arguments.....there are really stupid childish arguments and now there are......Pinkfloyd arguments!
Teflon-Mike:I think I agree with just about all Pinky has said.

[adambenhamo]

The prices are okay, i've just checked insurance and i can get it for around 800-900 quid, bike it around £2000 so it's all do-able, my only real issue, is that ONTOP of those costs, i have to pay for provisional, CBT, and all the tests and training. Im thinking maybe get a 2008 cbr so iu have time to save up for tests and training, then sell the cbr as soon as i can afford to do a test and buy a bigger bike(probably not less than a year)

[pinkyfloyd]

You need to pay for the provisional license and the CBT before you ride on the roads with any bike.

Good news is that when you've paid for the Provisional it costs nothing to change it to a full one when you pass.

Another thing to take into consideration is the fact that if you can afford to buy a CBR then you can afford to not buy the bike and go through a training school.

Going through a school and using their bikes means you dont have to pay the upkeep of the thing, dont have to pay the insurance, dont have to pay for petrol.
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illuminateTHEmind wrote: I am just more evolved than most of you guys... this allows me to pick of things quickly which would have normally taken the common man years to master
Hockeystorm65:.well there are childish arguments...there are very childish arguments.....there are really stupid childish arguments and now there are......Pinkfloyd arguments!
Teflon-Mike:I think I agree with just about all Pinky has said.

[adambenhamo]

[adambenhamo]

Had abit of a realisation that although size DEFINITELY does matter, while im 17 i'll make do with and old cbr125, it's far from ideal but hey! i have my whole life to ride big bikes.

Im thinking maybe when my one year on the cbr is over i might sell it and get me and SV650, i'll already have stuff like leathers and i'll have more experience(less lessons needed) and a one year NCB.On the other hand i can just keep the cbr up until uni and sell it (i'll be in london if all goes to plan)

[Rogerborg]

That does sound sensible, at least compared to buying a new 125. Buy a used CBR125 and you'll be able to sell it for pretty much what you paid for it, and buy an SV650 (or any 500 twin) with the same money.

Just be aware that in pretty short order you'll be wanting more than a CBR125 will deliver. Even a 33bhp restricted 500/650 will absolutely blow it away, and will come with tyres, brakes and suspension designed to work at 120-130mph rather than 75.

The other consideration is that CBR125s should come with a tube of Anusol - they aren't the most comfortable of bikes on extended rides. Great fun, though, I enjoyed a couple of hours on one, until it vanished up my arse crack.
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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

[adambenhamo]

Ahaha! Okay people, thanks alot, i'll be sure to come back with photos when i've got my CBR (and undoubtedly when i crash it)

Tahnks again!

[ThoughtContro...]

[adambenhamo]

Yeah, i know it wont be quick, but luckily, i dont have too many places to go with it, and none that are REALLY far away. That was another thing putting me off going straight to an SV, but i dont doubt i'll get a bigger bike as soon as it's financially possible

[Brandon-C]

Hi i am turning 17 in 5 days and i did the same as you as soon as i sat on the cbr i knew this was the bike i wanted, so i started looking around and found one for £2,500 with 800 miles, so i went and had a look and managed to haggle him dow to £2,300 ( also he added a full yoshi system) anyway getting to your question, i have been quoted £300 third party, 500 fire and theft, but im going fully comp for £700 this is with a years no claims ring up mce they have been my best price so far

hope this helps, let me know how it goes

Brandon

[J.M.]

My CBR (2004) cost me £430 (inc. VAT) to insure TPFT with Rampdale a few days after my 17th birthday, with 0 no-claims.
You may aswell go for the older one because they're cheaper to buy and insure, and you'll only be on it until you've passed your Mod2 (or until you can afford a bigger bike like I'm saving to do ). They're still quite fun to ride though, and because they're so small and light they make filtering really easy.

Edit:
Oh okay, saw the last post was today but I didn't realise the thread had been gravedug. Oops.
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2004 R1 & 2018 XSR900