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600cc cheaper on insurance than 125cc?

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adam66787
Derestricted Danger



Joined: 28 Oct 2015
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PostPosted: 12:19 - 30 May 2017    Post subject: 600cc cheaper on insurance than 125cc? Reply with quote
I own a bandit 600 on an a2 license that is restricted and im paying £197 for its insurance, im looking at a little on/off-road bike it is a Honda xr125
and im quoted around £350? im using the same comparison site with the same details and the 2 quotes are from the same insurer with the same benefits.

why is it more expensive?
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Previous bikes - Lexmoto Street 125 - Keeway RKV 125 - Suzuki inazuma 250<-write off in accident) - cbr250r
Current bike - 2004 GSF bandit 600
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arry
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Joined: 03 Jan 2009
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PostPosted: 12:19 - 30 May 2017    Post subject: Reply with quote
600's don't get ridden by spotty teenagers, and thus don't have the accident experience that the smaller chav bikes have.
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jakebrownbass
Renault 5 Driver



Joined: 14 Feb 2016
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PostPosted: 12:20 - 30 May 2017    Post subject: Reply with quote
theft magnet.
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arry
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Joined: 03 Jan 2009
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PostPosted: 12:21 - 30 May 2017    Post subject: Reply with quote
jakebrownbass wrote:
theft magnet.


Yeah that too. Anything supermoto brings up ridiculous insurance costings comparative.

My KTM is twice as dear to insure than my old 1050 Sprint.
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Alpineandy
World Chat Champion



Joined: 18 Mar 2015
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PostPosted: 12:50 - 30 May 2017    Post subject: Re: 600cc cheaper on insurance than 125cc? Reply with quote
adam66787 wrote:
im looking at a little on/off-road bike it is a Honda xr125 .... Insurance....why is it more expensive?

Have a look for something bigger than 125 and you won't get stung by the 125 tax... Various sizes/ages from 175 up to 300+...
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NJD
World Chat Champion



Joined: 11 Mar 2015
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PostPosted: 13:01 - 30 May 2017    Post subject: Re: 600cc cheaper on insurance than 125cc? Reply with quote
adam66787 wrote:
im using the same comparison site with the same details and the 2 quotes are from the same insurer with the same benefits.


Beside the above the first part of that sentence might play a part in providing an explanation.

I'd consider getting insurance quotes a huge game whereby getting the smallest number possible is in your interest only. I'd clear your cookies or go into an incognito web browser and try again. Failing that try many different comparison websites.
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Rogerborg
nimbA



Joined: 26 Oct 2010
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PostPosted: 13:11 - 30 May 2017    Post subject: Reply with quote
arry wrote:
600's don't get ridden by spotty teenagers, and thus don't have the accident experience that the smaller chav bikes have.

I'm baffled by how an industry that's so obsessed with statistics can't manage to separate the driver from the vehicle.

I mean, I get how it might seem to apply to Daryyyl in his dustbin-exhaust Corsa wrapping a bunch of aspirant rocket surgeons around a tree. In which case you'll need hydraulic cutters to separate the driver from the vehicle.

But the problem is with Daryyyl. It's not fair to blame the Corsa, and not reasonable to believe that he won't do it in a Volvo or Rover 75 if you price him into them.

Likewise, how can the same rider be considered a higher risk on a smaller, slower bike?

I don't do numbers, but I know people who do, if you'd like me to put you in touch. Whistle
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arry
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PostPosted: 13:19 - 30 May 2017    Post subject: Reply with quote
Rogerborg wrote:

I don't do numbers, but I know people who do, if you'd like me to put you in touch. Whistle


It's not my bag baby; motor is a shitfest of the highest order.

Two sides of the coin - underwriting and pricing. In commercial insurance it's underwriting and pricing; in personal lines it's pricing and underwriting. The order of the words is as significant as the pricing actuaries' outputs.

Personal lines folk look at Commercial lines folk and say 'I don't know how you can rely so much on beliefs and opinions when the data tells you otherwise'. Commercial Lines folk look the other way and say 'I don't know how you can be so completely stupid as to follow the data blindly'.

Somewhere in there, there's a balance - for me it's the nirvana found when pricing data informs underwriting rather than ruling it. There's no such thing as underwriting in personal lines other than around the extreme edges of the dataset.
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Ste
Not Work Safe



Joined: 01 Sep 2002
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PostPosted: 13:25 - 30 May 2017    Post subject: Reply with quote
Bandit insurance is cheap because it's a Blandit.

Insurance prices don't have to make sense as it's all based on a big table of statistics of who costs them what.
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Vracktal
World Chat Champion



Joined: 04 Oct 2012
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PostPosted: 13:40 - 30 May 2017    Post subject: Reply with quote
When I first bought it, adding my BMW R1200R to my Kawasaki KLE-500 policy as a second bike earned me a £7 rebate after admin fees (with four months left to renewal). Eh?
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M.C
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Joined: 29 Sep 2015
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PostPosted: 18:35 - 30 May 2017    Post subject: Reply with quote
Ste wrote:
Bandit insurance is cheap because it's a Blandit.

Insurance prices don't have to make sense as it's all based on a big table of statistics of who costs them what.

This, I remember getting cheap quotes on Bandits and GPZs, not quite as cheap as my XR but very close. You'd be better off with a multi-bike policy if you want a 125.
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secretagentmo...
Scooby Slapper



Joined: 25 Aug 2016
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PostPosted: 09:34 - 31 May 2017    Post subject: Reply with quote
Er, how many years no claims have you got on the Bandit insurance?
Remember that you will have zero no claims on the 125....
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DJP
Crazy Courier



Joined: 11 Dec 2011
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PostPosted: 11:36 - 31 May 2017    Post subject: Reply with quote
Rogerborg wrote:
arry wrote:
600's don't get ridden by spotty teenagers, and thus don't have the accident experience that the smaller chav bikes have.

I'm baffled by how an industry that's so obsessed with statistics can't manage to separate the driver from the vehicle.

I mean, I get how it might seem to apply to Daryyyl in his dustbin-exhaust Corsa wrapping a bunch of aspirant rocket surgeons around a tree. In which case you'll need hydraulic cutters to separate the driver from the vehicle.

But the problem is with Daryyyl. It's not fair to blame the Corsa, and not reasonable to believe that he won't do it in a Volvo or Rover 75 if you price him into them.

Likewise, how can the same rider be considered a higher risk on a smaller, slower bike?

I don't do numbers, but I know people who do, if you'd like me to put you in touch. Whistle


Well, yeah but no but yeah but no...

Y'see der... fing... is... Daryyyl wouldn't be seen dead in a Volvo or Rover 75 (well, he probably would if he drove one) because he thinks that those vehicles are for old men.

Nah, Daryyyl wants a Corsa 'cos he's “Street” (innit, Blud?).

And insurance companies have reams of statistics which prove that certain vehicles appeal to people, like Daryyyl, who are more likely to crash.

So you can't separate driver & vehicle because simply wanting a Corsa or a 125 marks one down as a knob-head – and they can prove it.
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Rogerborg
nimbA



Joined: 26 Oct 2010
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PostPosted: 12:05 - 31 May 2017    Post subject: Reply with quote
All swallows are birds, but not all birds swallow.
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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
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DJP
Crazy Courier



Joined: 11 Dec 2011
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PostPosted: 12:59 - 31 May 2017    Post subject: Reply with quote
Rogerborg wrote:
All swallows are birds, but not all birds swallow.


And insurance is about averages, not individuals.
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Alpineandy
World Chat Champion



Joined: 18 Mar 2015
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PostPosted: 15:51 - 31 May 2017    Post subject: Reply with quote
DJP wrote:
Rogerborg wrote:
All swallows are birds, but not all birds swallow.

And insurance is about averages, not individuals.

Yes, and about having enough input data to calculate those averages, which isn't so easy when it comes to full licence holders and 125s now.
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DJP
Crazy Courier



Joined: 11 Dec 2011
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PostPosted: 15:57 - 31 May 2017    Post subject: Reply with quote
Alpineandy wrote:
Yes, and about having enough input data to calculate those averages, which isn't so easy when it comes to full licence holders and 125s now.


But it's nothing new.

About 10 years ago I was running a litre bike and looked at getting a 125cc instead since I was mainly commuting into London.

I gave that up when I found out that the insurance was pretty much the same.
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Alpineandy
World Chat Champion



Joined: 18 Mar 2015
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PostPosted: 12:10 - 01 Jun 2017    Post subject: Reply with quote
DJP wrote:
About 10 years ago I was running a litre bike and looked at getting a 125cc instead since I was mainly commuting into London.

If you had looked at (say) a 250 then, the data would have been much clearer despite there being much less 250s used on the road.
But they'd all have been ridden (Insured) by riders with a licence.
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