Insurance quotes! WTF???????

[Intruder_Andy]

Looking to get my Hyosung Gt125 on the road but been looking at insurance quotes (GoCompare/Comparethemeerkat/etc) and the premiums are ridiculous to the point that I might not bother and just sell it.

Info:
Male, 35
CBT only
Previously insured on Intruder 125 (swinton who now won't insure me)

No claims
1 yr NCB

One SP30 on my license from 3 yrs ago

Live in Essex

I'm a courier, work for DHL (could this be a factor???)

Cheapest quote i've had was £159 from MCE who I've been advised to avoid like the plague and the compulsory excess was £750.00 plus £250.00 voluntary (A grand if i claim!, I think not!)


Next cheapest was in the £550 bracketand upwards from there really.

In all honesty was expecting quotes of 3 - 400 quid with maybe a 250 excess but with the quotes i'm getting I can't afford to put my bike on the road!

Would getting some security devices (Alarm/Ground anchor) help?

If I get an alarm does it have to be certified by an installer or can I fit it?

Don't really know if anyone can advise anything, just was wondering why all so costly for a 125 with a years NCB?

Plus I wanted to rant a little.

Andy

[nowhere.elysium]

[Boxing]

The excess only works if you claim on the policy.

I'm with MCE, all paid up front no changes to my license or points to date, never contacted them have been fine.

£733 for a DTR 125 in a rubbish area / postcode. £950 excess, so if it gets nicked it's pretty much pointless claiming. But oh well, TPT&F knocked it down a couple of hundred pounds.

[Jonathan A]

Use Tesco compare!!! It will often give quotes of half what other comparison sites offer. I am 18 and paid £250 to insure my Hyosung GT650R TPFT

[Rogerborg]

Try finding a different job title - I like "cargo operator".

TPO, TPFT, FC. Try it with and without security, and garaged, driveway and street. Try higher and lower mileages. You will trigger a magic sweet spot, you'll just need to keep chiselling away.

The Hyosung might just be expensive though as it's a relatively powerful 125 learnermobile, with one importer, and the parts ain't cheap.
____________________
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

[jaymos]

[totalllama82]

[-Matt-]

Try a comparison on thebikeinsurer.com.

Anti theft devices/alarms are hit and miss with quote reductions/increases even. But id use then in either case, undeclared if needs be.

Your excess sounds about right for new rider from my experience. My compulsary excess is still 500 tpft or fc after 7 years riding. But i am younger and now on a 636cc so probably a factor in it remaining high.

[barrkel]

[Jonathan A]

[iooi]

[P.addy]

I forget about the excess, just don't crash into someone, doesn't matter if they crash into you, you won't have to pay your excess.

[-Matt-]

[P.addy]

If its nicked yeah, lock it up though so it doesn't get nicked.

I've never paid and never will pay excess for a non fault accident. Once they determine fault is with me, sure I'll pay it. Asking money for something that they haven't decided fault on is just stupid

Overall, don't crash and make it your fault.

[Rogerborg]