Insurance question, probably asked alot

Faithless · L Plate Warrior Joined: 22 Apr 2004 Karma :

as i said in a previous post i am 17 and planning on taking my CBT soon, i will probably now be getting something like an NSR. I have looked round at insurance quotes and some are up to 3 times what i will pay for the bike, i know they have to insure for third parties and those costs may be high but for me Â£3000 is just a bit too expensive Rolling Eyes

I was just wondering how much did you guys pay for insurance and if you know of any cheap companies or any ways to get the cost down?

Any help will be appreciated Exclamation

G · The Voice of Reason Joined: 02 Feb 2002 Karma :

Go for an older bike; similar performance but a 10 year old NSR was half the price for me to insure comparered to a new one: this was for third party only as well.

Go TPO or TPFT; fully comp is often a false economy.

Ring around /every/ insurance company in the back of bike trader. Yes it will take half a day, but those four or five hours could easily save you hundreds or thousands of pounds.

You don't live in NI I presume? Insurance is pretty stupid over there.

Danny · Ask Me About Stoppie School Joined: 26 Jan 2003 Karma :

Noggin · Traffic Copper Joined: 27 Feb 2004 Karma :

What age is the NSR you're after?

I'm 17, had my NSR 125 RR for three weeks, it's an import, a 1998 S reg, and I paid Â£773 tpft with bike team.

Go for tpft, otherwise you will be paying at least Â£2k.

Or you can ask danny, he'll help get your quote down.

Craig G(Noggin)
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Current bike: kawasaki zx12r 2002
Track bike: yamaha r6 1998
Old Bike: honda NSR 125 1998

Faithless · L Plate Warrior Joined: 22 Apr 2004 Karma :

thanks for all the replies people

I have just bough bike trader and plan on getting as many quotes as possible. I live in London which may explain one thing about the cost but in a year am moving to kent to start uni (hope there are some lush roads in canterbury). I will have too many money worries then to get a bike. I need one now to get around and get to my job, (will save a lot of money every week) and will also be a source of enjoyment.

I was thinking of getting a 1999 NSR125RR i have seen one in mint condition. I know it will be lower if i get an older bike but having seen the number of posts saying NSR followed by boom i am worried about getting an older bike.

Thanks for the suggestion Noggin, i will check bike team out. Thanks for the offer Danny, i will certainly consider it if i continue having the luck im currently having

I'm glad i found this forum as knowing very little about bikes i have found it very useful and welcoming! Very Happy

Noggin · Traffic Copper Joined: 27 Feb 2004 Karma :

What colour is this NSR 125 RR then, look at mine or shimmydude's in the photo section, they are both RRs.

Craig G(Noggin)
____________________
Current bike: kawasaki zx12r 2002
Track bike: yamaha r6 1998
Old Bike: honda NSR 125 1998

Faithless · L Plate Warrior Joined: 22 Apr 2004 Karma :

the bike i have seen is red and blue with NSR in white, i am not getting it just yet anyways, i have to save up first for insurance, gear etc but i just wanted to get an idea of how much to save.

I looked at your bike pics, very very nice, where did you get it? was it from a dealer or private?

Noggin · Traffic Copper Joined: 27 Feb 2004 Karma :

I brought it from my Dad's ex, so I got it cheap, paid Â£1k for it. I haven't seen or heard of many in this country in these colours, or shimmy's.

Could start a crappy NSR 125 RR club, or not!

Craig G(Noggin)
____________________
Current bike: kawasaki zx12r 2002
Track bike: yamaha r6 1998
Old Bike: honda NSR 125 1998

Faithless · L Plate Warrior Joined: 22 Apr 2004 Karma :

yeah the club sounds great

good news, i managed to get a quote for Â£800 which i think is reasonable considering my age and experience (or lack of).

Just another quick question, as this is the first time i have ever had to get an insurance quote i was wondering what excess is? My quote was Â£800 and Â£500 excess, had me very confused Embarassed

Noggin · Traffic Copper Joined: 27 Feb 2004 Karma :

You can do better than that, I got TPFT for Â£773 with Â£350 excess, honestly, try and get the excess down!

The excess means that you have to pay the first (in my case) Â£350 of the claim, so if the damage is worth Â£350, the insurance pays out nothing, so really try to get it down!!

Wish I could get mine lower, will have to try next year I guess!

Craig G(Noggin)
____________________
Current bike: kawasaki zx12r 2002
Track bike: yamaha r6 1998
Old Bike: honda NSR 125 1998

Dup · Nova Slayer Joined: 25 Apr 2004 Karma :

I pay about Â£250 TPFT a year on my DNA 125 and im 18 with a years no claims. The excess i think is Â£100. I get roadside assistance and or take it home if its done for. Used it once. Didn't take long to get me home from lancaster. I also get free legal cover which im taking up after Mr Taxi driver.

Check out Rampdale Insurance Brokers. They specialise in 125cc insurance. Beats claims over Â£3k for a great service. Ask them anything. After my first year and no claims it reduced about Â£150 and they offered that without having to ring up. I just renewed and that was done.

The DNA 125 is a high insurance group too. Dunno why but when i got it it was. Don't know about now.

https://www.rampdale.co.uk/

Laura · Playboy Bunny Joined: 28 Jul 2003 Karma :

I used rampdale insurance and nearly got sued because they forgot to send a form off.
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Good girls ride motorcycles bad girls thrash them.

Hex · Party Boy Joined: 04 Feb 2002 Karma :

Laura · Playboy Bunny Joined: 28 Jul 2003 Karma :

Because when I had the scooter crash the other party were trying to get me done for non payment because they forgot t osend the form saying that the money was going through,
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Good girls ride motorcycles bad girls thrash them.

broomy12 · Nova Slayer Joined: 07 Apr 2004 Karma :

I'm 17 and i got a quote for Â£670 TPTF Â£67.10p or something a month with Â£150 excess i think. And its my first bike its a Honda NS125r 1991. is that good?

Hex · Party Boy Joined: 04 Feb 2002 Karma :

Thats not bad for a 17 year old, but shop round a bit more and you may find you can get it down more with it been an old bike.
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Monkey hanger, Born and bred
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KevTM · World Chat Champion Joined: 15 Apr 2004 Karma :

Well i shopped around on the internet for quotes for my '88 NS125R, i'm 22 with 2 years NCB on a car, and a TS10.

Best i got was around Â£210 TP-only (as i wont claim if my bike is stollen anyway, not worth it)

Ended up just going to my local insurance company yesterday and get insured for Â£212.. really handy though as i can pick up a cover note etc.. within 15 mins.

broomy12 · Nova Slayer Joined: 07 Apr 2004 Karma :

Well i've been trying loads but thats the lowest so far. I need time and Patience. I don't think i have both. Laughing

Hex · Party Boy Joined: 04 Feb 2002 Karma :

I simply go through the following list and see what comes back, the better ones are normally from those companys that don't give an instant quote, instead they email you back the next day when they have a hunt around for you.

https://www.find.co.uk/insurance/Motorbike_Insurance_Page_2/

Or just send Danny a pm and see what he can do for you, if he cant beat your lowest quote by more than the Â£30 he charges he wont charge you.
____________________
The BCF's very own Party boy! Though he's getting old and feeling it!
Monkey hanger, Born and bred
My little photo portfolio

broomy12 · Nova Slayer Joined: 07 Apr 2004 Karma :

Thank you again Hex you help alot

Hex · Party Boy Joined: 04 Feb 2002 Karma :

No problem.
____________________
The BCF's very own Party boy! Though he's getting old and feeling it!
Monkey hanger, Born and bred
My little photo portfolio