|
Author |
Message |
Big8lack |
This post is not being displayed .
|
Big8lack L Plate Warrior
Joined: 25 Jan 2018 Karma :
|
Posted: 19:09 - 25 Jan 2018 Post subject: Why do Insurers hate me...I urgently need advice |
|
|
Here's a bit about me just for some context:
So I'm 6ft6, 36" inseam. I turned 21 in December 2017, I've been riding since February 2016. I have owned/currently still own a 2009 Honda XL Varadero 125(the only respectable 125 that fits me). I passed my progressive licence (a2) in December 2017. I live in the middle of London and my property doesn't have a locked garage so I literally leave my bike on the road (but it's ALWAYS locked up like Fort Knox). I've recently discovered the only style of bike I'll ever want is a naked bike. I've sat on the Mt-07 & XSR700 (way too small), I started looking at the HD Street Rod (weird footpeg positioning), I've sat on the z800e (I dwarf the bike and my legs don't fit the tank comfortably) However, I've sat on the new 2018 Z900(a2 compliant) and it feels perfect.
Now here's my real problem. Although the bike is literally brand new and costs about £8,400.00 I am more than comfortable to finance it. The issue is though, most insurers don't even return quotes for me (prob based on my age, the number '900' and the fact that I've been riding for just over 2 years). I've had no accidents, no claims, as perfect as you could want you're record to be. But the insurers that do return quotes for me come back with crazy numbers for TPF&T like £5,000-£8,000. It's not a bike any human is brave enough to go for TPO and even then the quote still sits around £5,000. I've got trackers, alarms, ground anchors, more chains than Kunta Kinte (not racist, I too am black) and the bike is datatagged.
What I'm looking for is either tips/suggestions on how to get the insurance down and what do I need to do or what alternative bikes to look at.
The reason why I'm looking at 900's/800's etc is because once I've suffered the restriction period I want to keep the same bike and not have to go bike shopping again. I rider literally all year round and it involves commuting & Social things so I cover around 5-6,000/year. I was also thinking of riding to Italy this year but we'll see...I DETESTE the idea of 'moving up' to a 300-500 as the thought of getting bored and shelling out again pains me. Based on my frame to, there isn't many smaller CC bikes that comfortably fit me besides adventure/supermotos (which I'm no longer interested in)
The Dorsoduro 750/Hypermotard 1100 & 796 are out of the question because WTF does a 12L tank even mean in the real world. The CB500F started to kill my lower back on my MOD 2, the CB650F just looks bland, and the Street Triple 660 version is as costly as the Z900.
The XJ6...mehh... I have a certain distrust for smaller manufacturers like 'Benelli' and Hyosung. The Duke 690 is too small and so is the SV650. ABS is a preference not a necessity and I'm not the biggest fan of rider aids ('help'...not the disease).
Any help will be much appreciated!!!!!! |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Howling Terror |
This post is not being displayed .
|
Howling Terror Super Spammer
Joined: 05 Dec 2008 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
doggone |
This post is not being displayed .
|
doggone World Chat Champion
Joined: 20 May 2004 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Teflon-Mike |
This post is not being displayed .
|
Teflon-Mike tl;dr
Joined: 01 Jun 2010 Karma :
|
Posted: 20:44 - 25 Jan 2018 Post subject: |
|
|
1/ You are under 30
2/ You live in London
3/ You only have on-street parking
4/ Your riding career / length of licence validity & NCB history is NOT that long.
5/ You are getting quotes on the 'larger' displacement bikes
6/ More, larger displacement bikes that TO insure, you have to declare mods to, ie 'A2 restriction'
7/ You are declaring brand-new list price values that instantly ramp premiums
8/ I suspect, you are declaring daily commuting & consequentially high anticipated annual mileage
9/ I suspect you are declaring bike sole, first or man meas of every day transport.
10/ your young dumb and a fool is easily parted from thier money...
OK, I have padded the list a little to make up the 10..... BUT.
First up forget new bikes. If you cant afford to pay cash on the nose, you probably cant afford it, and it will bite you in the bum on almost inevitable insurance clam, where after paying big money on the credit for the bike, and more installments on the insurance, you will likely be left in a big hole, when ins-co pays out 2nd hand value of the bike, that doesn't cover the cost of the outstanding credit on ether the bike, or the unpaid portion of the insurance policy.. specially after likely punitive policy excesses.
Older, less valuable bikes are cheaper to insure, end of.
You cant do anything about your age, or how long you have held a licence, except get old... which being old I must say is certainly an option, but other than offering low insurance rates doesn't have much else to merit it....
You could consider moving out of London... and that's an option that is worth considering.... I live in the midlands on a main-line railway station, and can get to Eusto every day if wanted in less time, than my Auntie can get across the river from Peckham! And pobably more cheaply than paying the congestion zone charge and parking! And a 3-bed house with garage here, probably costs less than leasing an 8x10 lock-up down there! I will leave that suggeston hanging, I doubt you can countenance it.. few landaners can, it seems! But still.
6'6" and 34" side leg... that's not too gynormouse... I'm 6'2" & 34" inseam.... do you have the waste measurement to match? Incidentally I always struggle to get trousers that reach my socks, or a waste band I have to gather in half a foot with a belt!! But still....
I ride little bikes.... I have a photo some where from when I pcked up my VF-Though a couple of decades ago, that had a conveniently tall 34" seat height and a god reach to the bars, and was about the first thing that 'felt' like I fitted... photo'though still shows that I look rather like a gorilla on a childs push-bike! All I can say is learn to live with it... all bikes, like off the peg trousers are built around 'standard' sizes based on normal size and proportion people ...
What it looks like matters little, to any-one but you, and that's only if you ride around checking yourself out in shop windows! Most of the time we are luck if other road users who should be looking out for us even see us and dont run us over and then say SMIDSY! No one else matters much, and if they even bother to look, most of the time,how 'cool' or 'stylish' you think you look, wont even cross their mid... they will think you look daft... why ride a motorbke, and get cold and wet and risk the smidsy, when 'sensible' folk drive a car, or take the tube, or the bus, or whatever!
So pick bike by whether it fits half comfortably, and whether you can afford to run it, cash on the nose.... sod what you think it looks like, or what you think you look on it..
And as wth very-oh-dearo 125, the size of bike is rarely related to the size of fire hole in the engine.... some bikes wth big eges are more cramped than mopeds, or vica versa....
Naturally a2 complient bikes now are a little more common, and don't limit you to just 250/300 commutery things. Do some research see what you could have wthout restriction, and there will likely be a lot, and it will likely be cheaper and easier to insure.
Power Restrictions are often considered a mod, and at best, just wont put the insurance premium up; they will rarely put it down. But there is a balancing act to finding what is cheaper and easier to insure between naturally a2 complient bikes, and A2 restricted.... yo will just have to do the home-work on the topic... but f you go for a restricted to A2 bike, the less elevated its spec to start with, the more likely you are to get better price on it.
As to not wanting to have to trade up... yeah.... in an ideal world mate... the likelihood as hinted at by astronomical insurance s that in all likelihood IS that long before the HP is paid off that bike is gong to either be crashed or nicked or both.... you really shouldn't be too bothered about the 'long term' investment here... and another reason to dodge a credit plan.
Its first big-bike, hassle and cost of of chopping and changing if you want something different IS in the balance likely pretty small cost and or hassle you are likely to face.
Another plus point for a older cash bought bike... after 3years the depreciation drops considerably, you will loose a heck of a lot less money on it, as well as save on the lower value influencing ins-prems.
Its also a HECK of a lot less 'risk' to have sat outside o on-street parking.
Here, I would 'guess' an old beater of a dispatch hack like a CB500 or simlar, would make a heck of a lot of sense on the numbers. Cash buy would likely be less than one years depreciation, let aloe interest charges o a rand new pose-machine.. you could run it for a year and afford to throw it away and still be quids in on comparison. Even more so on risk of being nicked, cost of a claim putting up your ext premium, plus value of bike after policy excess's making it likely cheaper just to accept the risk ad possible loss than try cover it... meanwhile gaining NCB and A2 licence history, that will help lower premiums on next bike.
As to your colour..... so what? I have been doing this biking thing an awful long time, and the old Two-Tone 'Tic-Toc' was for half a decade my 'local'.... (When it wasn't closed down!) and have watched local jolly-boys get their licences on a scooter, and the in mid life, swap their faded parka for a leather and the Vespa for a Honda, and bring their NF leaflets to the bike meets instead!!!!!
Who knows how 'racist' any-one is... I'm a red-head.. you wouldn't believe the ginga prejudiced we get! Lol!
Seriously, take it off the table mate; I have shared houses with West Indians, Chinese, Greeks, Indans, etc etc etc...... and I have been astounded how many 'racsts' there have been within such ethnic groups, honestly.... the up-front white NF flag wearing skin-head, HAS in my experience, often and ironically been the most racially tolerant, sat down with a Rum & Coke, watching a band... for all the anti-social icons... and at least you can tell who the heck they are!
Fact you deem it worth the mention, actually shows more your own racist attitudes, than any-one elses, in my opinion, but still... just park it, it shouldn't be an issue, don't make it one!
Wot? you all me a Ginga! Who you calling Ginga you racist! You'll be saying I like Harleys next! Lol. Its a non issue, it really is.... or should be!
Back to bikes... just set your sites a bit lower and cut cloth to suit your purse, and and dont sweat the small, stuff. ____________________ My Webby'Tef's-tQ, loads of stuff about my bikes, my Land-Rovers, and the stuff I do with them!
Current Bikes:'Honda VF1000F' ;'CB750F2N' ;'CB125TD ( 6 3 of em!)'; 'Montesa Cota 248'. Learner FAQ's:= 'U want to Ride a Motorbike! Where Do U start?' |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Howling Terror |
This post is not being displayed .
|
Howling Terror Super Spammer
Joined: 05 Dec 2008 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
struan80 |
This post is not being displayed .
|
struan80 World Chat Champion
Joined: 04 Nov 2014 Karma :
|
Posted: 21:04 - 25 Jan 2018 Post subject: |
|
|
Glad I live in the middle of no where as sheep don't steal bikes so insurance is relatively inexpensive thankfully.
Unfortunately you're young and with no garage you're going to be paying out big time on insurance. If I was you I'd get an older bike. Best of luck to you.
Tef that is a well written novel |
|
Back to top |
|
You must be logged in to rate posts |
|
|
stevo as b4 |
This post is not being displayed .
|
stevo as b4 World Chat Champion
Joined: 17 Jul 2003 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
vp1977uk |
This post is not being displayed .
|
vp1977uk Derestricted Danger
Joined: 19 Dec 2017 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Rogerborg |
This post is not being displayed .
|
Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
|
Posted: 22:01 - 25 Jan 2018 Post subject: Re: Why do Insurers hate me...I urgently need advice |
|
|
A brand new Z900 would be gone in 60 seconds in London. Literally. That's how long any chain lasts against an angle grinder, and mummy's little angels in London are all packing those now.
Sorry, chap, it's all part and parcel of living in a big city.
You can try fiddling with the quotes. One thing to try is not listing any security at all. Crazy? I had a lowest quote go up by 1/3rd when adding security to it. Insuramaths uses irrational numbers. Low mileages, high mileages, different occupations, higher excess, no excess, add commuting even if you don't need it, add business use, try every combination as long as it's plausible.
The spoiler is that you'll want to change after 2 years, so all you need is a 595cc+ 40-70kW 180kg+ bike that you can 'restrict' for A2, 'derestrict' in the test centre car park and use to pass your A tests, then buy anything you like (and can insure).
You'll need post 2007 for ULEZ mugging, but the hackier the better, and I'd suggest considering a naked adventure.
Could you stomach a Versys or V-Strom 650? ____________________ 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 |
|
Back to top |
|
You must be logged in to rate posts |
|
|
thx1138 |
This post is not being displayed .
|
thx1138 World Chat Champion
Joined: 06 Oct 2005 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
stinkwheel |
This post is not being displayed .
|
stinkwheel Bovine Proctologist
Joined: 12 Jul 2004 Karma :
|
Posted: 02:29 - 26 Jan 2018 Post subject: |
|
|
Tried asking the dealer? Say you'd love to buy their brand new bike but can't afford to insure it. Sometimes manufacturers will offer insurance deals.
Can't hurt to ask.
Also, you run comprehensive quotes? I'm an old bastard and comp is usually cheaper than TPF&T these days.
Anyway. You're to big for that bike too. Go sit on a tiger or a GSX1300. ____________________ “Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles. |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Rogerborg |
This post is not being displayed .
|
Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
colink98 |
This post is not being displayed .
|
colink98 Could Be A Chat Bot
Joined: 27 Jun 2016 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Polarbear |
This post is not being displayed .
|
Polarbear Super Spammer
Joined: 24 Feb 2007 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
ringsound |
This post is not being displayed .
|
ringsound Two Stroke Sniffer
Joined: 17 Jan 2018 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Nobby the Bastard |
This post is not being displayed .
|
Nobby the Bastard Harley Gaydar
Joined: 16 Aug 2013 Karma :
|
Posted: 16:32 - 26 Jan 2018 Post subject: |
|
|
No danger of that being stolen.
You would have to put up with the constant cries of 'Arrrgh, my eyes. Plass me some bleach' every time you ride it though. ____________________ trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050 |
|
Back to top |
|
You must be logged in to rate posts |
|
|
ringsound |
This post is not being displayed .
|
ringsound Two Stroke Sniffer
Joined: 17 Jan 2018 Karma :
|
Posted: 16:51 - 26 Jan 2018 Post subject: |
|
|
Nobby the Bastard wrote: |
No danger of that being stolen.
You would have to put up with the constant cries of 'Arrrgh, my eyes. Plass me some bleach' every time you ride it though. |
seriously i dont know what bike is safe to park in london anymore
I lost a VFR800 vtec with HISS, abus big chain on "ground anchor" some years ago
even a Chinese made 125 will be stolen pretty quick in London now, sadly
it is ugly no double, but the handling is very nice too
this is a bike i always have conflict with, I ride it many time, and i absolutely love riding it, but everytime i look at it, just...er.......
OP try getting a used bike you like, a brand new bike with high market value will always end up higher premium. You are young and inexperience rider + living in london. I couldn't figure out anyway to lower the premium other than finding a cheaper bike |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Nobby the Bastard |
This post is not being displayed .
|
Nobby the Bastard Harley Gaydar
Joined: 16 Aug 2013 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
ringsound |
This post is not being displayed .
|
ringsound Two Stroke Sniffer
Joined: 17 Jan 2018 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
andys675 |
This post is not being displayed .
|
andys675 World Chat Champion
Joined: 08 Feb 2007 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
Posted: 20:42 - 26 Jan 2018 Post subject: |
|
|
How much actual money do you have for a bike? You'll probably have to go TPO, I've gone F&T a couple of times but that included lying about having a garage , so decide how much you can afford to lose.
MCE are the only one who seem interested in insuring Londonites, someone on here who parked on street in central London said they were the only insurer who would insure him, they're the only ones still giving me competitive quotes. |
|
Back to top |
|
You must be logged in to rate posts |
|
|
AldridgePrior |
This post is not being displayed because the poster is banned. Unhide this post / all posts.
|
AldridgePrior Banned
Joined: 19 Oct 2017 Karma :
|
Posted: 20:53 - 26 Jan 2018 Post subject: |
|
|
Asks advice then doesn't reply.
Might now though. |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Rogerborg |
This post is not being displayed .
|
Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
|
Posted: 21:00 - 26 Jan 2018 Post subject: |
|
|
This thread needs more mpd72. ____________________ 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 |
|
Back to top |
|
You must be logged in to rate posts |
|
|
andyscooter |
This post is not being displayed .
|
andyscooter World Chat Champion
Joined: 30 May 2009 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Rogerborg |
This post is not being displayed .
|
Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
|
Posted: 11:08 - 27 Jan 2018 Post subject: |
|
|
No fair LARPing mpd72.
It's a sad state of affairs and all that, but I'm baffled by how you could live in London and even consider leaving a brand new bike out on the street. ____________________ 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 |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Old Thread Alert!
The last post was made 6 years, 62 days ago. Instead of replying here, would creating a new thread be more useful? |
|
|
|