Bike Insurance price in 2012..

[blutonium92]

Hi guys/girls,

Well its that time of year again in which i need to renew my motorcycle insurance in the next few weeks.

Dont know about you but.. WOW the prices are ridiculous. My insurance has doubled in the space of 12 months! Even with being a year older and a extra years NCB.

Im now 20 and have 4 years no claims and the cheapest i can insure the ducati 748 for is £800! last year it cost less than £500.

Speaking to a few people at insurance places a fair few insurance schemes have stopped and some companys have pulled out of the bike insurance business all together leaving the market with out the same competitiveness.

Anyone else has the same problem? Also reccommend any insurance companys to try?

Atm im close to deciding to sell the 748 and buy a ZX6R which is a group lower on insurance and should save me nearly £300.
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Now - Ducati 748, Laverda 650 Sport
Had- 56 Aprilia RS50, 03 Aprilia RS50, Hond VFR 400 NC30, Aprilia RS250, Suzuki SV650

[JP7]

Insurance in general is going up by staggering amounts.

The best way to try and get the premium down is to go on all the comparison sites. Thebikeinsurer, GoCompare, Comparethemarket, Confused, etc, I go and do them all. And when I get the lowest priced insurer's quote, I go directly to their website and do the quote again, and usually it comes out cheaper. The comparison sites say you can't beat their quotes by going straight to the insurer, but their websites don't always tick the right boxes when getting quotes.

The other things you can do are fiddle with your job title. For example, if you're an administrator, quote on "Administration Assistant" and "Administration Clerk" as well. Reducing the mileage on your quote can also lower the premium.

One thing I've never tried is insuring an older rider, because nobody else in my family rides. It works well with car insurance, so if someone else in your family rides, put them on the policy as a named rider and it should reduce the premium.

[blutonium92]

thanks for the reply, iv tryed all of those.
on compare the market my quote went from £1100 to £9000 when i added my dad on the policy (whos 57!).

Iv tryed everything and every comparison site.

Makes you feel empty, one of my favourite pashions just looked like it became unaffordable.
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Now - Ducati 748, Laverda 650 Sport
Had- 56 Aprilia RS50, 03 Aprilia RS50, Hond VFR 400 NC30, Aprilia RS250, Suzuki SV650

[Rogerborg]

Yup, Equity Red Star got caught under-under-writing and bailed out (or put their prices way up), I think they were holding down the bottom end of the market.

My quotes crept up marginally this year even with another year's NCD, but only by a few £££. I can only suggest getting older, at 39 with 3 year's NCD I was getting (just for larks) TPO quotes in the £80 range on an R6 (garaged, 6000 miles, Almax, immobiliser and Datatag listed).

Oh, bike value is likely a factor, you may want to consider going older and cheaper. I haven't had a bike worth 4 figures yet.
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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

[junglejim]

[Benson_JV]

The insurance for my CBR also doubled, bad times.
____________________
Willson - "If you go out on that CBR600 in the winter, you're going to do more miles on your side than on your wheels."
Riding: CBR600FW Driving: Audi A6
Previous Bikes: '96 Bandit 600, '96 GPz305

[GrumpyGuts]

Do you honestly get all this insurance bullshit in another country, for example the USA? It just seems the UK is an expensive, redtape place to live!
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My Bikes: Lifan Beat 125cc '11 -> Suzuki B120P '76 -> Suzuki EN 125-2A '08 -> Honda CG 125 '04 -> Honda CB600F Hornet '98 -> Kawasaki ZZR 600 '99 -> Kawasaki GPZ 500S '95 (Current)
Theory test passed - 09/02/2012 >>>> Module 1 passed 24/07/2012 >>>> Module 2 passed 24/10/2012

[Paulington]

[Nick__C]

I agree with that point above about not having much to moan about on a sports bike at a young age.

Myself on my not so sporty GS 500, last years insurance was 291 tpft, this years renewal was close to 700..

Comparison sites got the same insurer in at around 500 but I went with the cheapest quote of 192.

You done all the ringing around?
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'02 GS 500.

[Paulington]

[rtho782]

[garth]

He's probably a named driver on daddies policy so he is insured on most things, if they're added to the policy.
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You ain't a has been if you never was

[Paulington]

[Thunderchild]

I'm insured with Wicked Quotes (Equity Red Star though I believe has changed to Rameses) and my F/C insurance on my Street Triple as a 23 y/o with 3 years NCB and 3 points for speeding went up by a massive £10 (£540 - £550). Seems to be a decent company, not much info on them though (other than they're based in St Albans), then again I've not had to claim from them. Beat MCE by several million miles in general customer service too.

May be worth a look...

[blutonium92]

once again cheers for the replys.

Paulington thats a very good idea, my dad does have a bike lisence and i own a laverda 650 which should be pretty cheap to insure so ill look into it.

I just went to wicked quotes and they wouldnt quote me but may phone me back.

Cheapest quote iv had on a decent bike was £500 for a ZX6R 2005, which is pretty much the same power as the 748 and nearly 35KG lighter! So ill keep my eye out for a decent c1h.
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Now - Ducati 748, Laverda 650 Sport
Had- 56 Aprilia RS50, 03 Aprilia RS50, Hond VFR 400 NC30, Aprilia RS250, Suzuki SV650

[Joncrete Cungle]

Just had my renewals through. Two hundred quid for the CBR and ninety eight pounds for the RVF. Seems a bit pricey so I will be shopping round this year.

[garth]

I'm assuming paulingtons GSXR isn't registered in his name, then.
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You ain't a has been if you never was

[AL-]

Got my renewal through the other day from bikesure which had risen by about £50 I believe. Did a compare on thebikeinsurer site, found a cheaper quote, rang my insurance who then said they will beat the quote

[Rogerborg]

[garth]

Also, pretty sure all the policies I've had with use of other bikes stipulate that the bike you're riding third party must be equal or less capacity than the bike you're insured on.

I'd check the small print.
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You ain't a has been if you never was

[snikks]

[The Shaggy D.A.]

Insurance isn't due until May, but I got an email today for NHS discount of 25% at Swinton :-

https://www.swintonbikes.co.uk/?aff=OMG
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Chances are quite high you are not in my Monkeysphere, and I don't care about you. Don't take it personally.
Currently : Royal Enfield 350 Meteor
Previously : CB100N > CB250RS > XJ900F > GT550 > GPZ750R/1000RX > AJS M16 > R100RT > Bullet 500 > CB500 > LS650P > Bullet Electra X & YBR125 > Bullet 350 "Superstar" & YBR125 Custom > Royal Enfield Classic 500 Despatch Limited Edition (28 of 200) & CB Two-Fifty Nighthawk > ER5

[Paulington]

[pendulum]

[lydanial]

i got my renewal through at the end of February and started geting quotes as renewal was £100 more than last year.

All the prices were a minimum of £70+ more than last year, so i waited and got a quote on the 1st of March and got quotes a lot less...

Last year my insurance was £166
renewal was £260
Feb quotes were £240+
1st of March £144

It could be worth while waiting till the start of April and re-quoting, if they stil go up you still have your reference number for the march quote.

Someone once said to me that insurance prices are a bit cheaper at the month beginning as it helps the companies hit their targets, once they have hit them they pump them up a bit later in the month as they have their quota and so are just after more money?