I just don't understand your cheap insurance qoutes!

[dontknowmuch]

Hey guys,

Just to warn you, this post is a mix of a rant, moan and confusion.!
I've read pretty much most of the posts regarding cheap insurance , and very rarely has anyone got a quote in the £1500 range (except the 600cbr fella!).

I passed my test on the 21/04/06. I did my DAS in 4 days, and passed on the 5th day. What can i say, i'm a quick learner. But before anyone gets irate, i'm fully aware thatn i'm now where near to being a great driver. And i'm expecting many weeks of practice before i'm gonna carry pillions and feel like a good rider.

My problem is this: I've held my license for like 10 days. I've got 0 years riding experiance and 0 NCB. I have been driving for three years. (man, saying this out loud is actually answering my question...)
I'm 21, I live in North London, N7, and have never been insured on a BIKE.
I want to get a sv650s no more than 5 years old for obvious reasons. However, TPFT quotes have been about £1400! and TPO about £500. The thing is, im sure i've seen 18 year old guys getting TPFT quotes on CBs and FZRs and 650 cc's, for as much as im getting TPO quotes!....is that right?

I know that I have to shop around, but at best, what am i gonna save, max £200? I want bring my TPFT quote down to £900.

Can anyone help? Or tell me what i'm doing wrong?

Thanks,

h.

[G]

[NSR Mick]

I've been riding for 15 years and have 4yrs no claims and live in a crime free postcode. For example i got like for like quotes living here and for london postcodes for my car an the london postcode added £1000+ to the quote.

Try an online quote using no 5 pr6 8hq (my old address) and you may be supprised. Who says living up north is shit?
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If you dont like the way that I ride.......Stop trying to keep up!!!

[blindedbythel...]

Try www.ebikeinsurance.co.uk. I live in one of THEE joint highest risk postcode, which is why it seems unusall to me that no bikes ever get stolen round here! . Ebike Knocked my insurance down alot! 1 years no claims, 1 years riding experience, new licence, 21 years old, fully comp on a brand spanking new SV650S-K5 for £1100. Not bad considering the lowest with other firms was £3000+!

[Dot_Comm]

Don't live in London would be a good place to start!

Got a garage? If not, make sure your bike is tagged and you have some sort of chain or lock or something, that'll get the insurance down. Considering the jump in cost from TPO to TPFT I'm guessing you don't have a garage?

I got my insurance through www.directchoice.co.uk. While Bennetts gave me a quote in Bath of £800, Direct Choice gave me a quote of £200. That's TPFT, Bandit 600, 4 years no claims (god bless my scooter!).

[vixen]

Ive found that phoning lots of different companies is the best thing.

CIA and virgin have been the best out the quotes that I have done for various bikes but that is just what I have found.


Delcalare all security that is going to be on the bike.
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Bikeless!
https://www.cliqueycuntsmcc.co.uk/
RIP Lisa - we will miss you.

[krebsy]

31 year old male (32 now)
0 experience
0 NCB
14 year car licence.
Yamaha diversion Xj600n. (S Reg)
10k miles a year.
Datatagged.
Garaged at night.
No pillion.
Buckinghamshire.

TPF+T = £174 pa.

I guess it pays to not ride something really big as your first bike and to be over 30 years old...

K.
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What's my New Year's resolution?

1280 x 1024.

[dontknowmuch]

Guys you're making my mouth water!
Those quotes are making me happy! (corny?)

I guess in essence, I have to:

Phone around as if my life depended on it.
Start with a lower spec bike and build up experience and NCB.
And tell the insurance guys that my bike's got more locks than a rasta?

Well, this is a fantastic starting point. Thanks very much to you all.

Sadly, moving out of London will mean i'll have to move my 'magazine' collection...and that's a job in itself! Cheers for the suggestion tho!



H.

[kawakid]

When I passed my test at 31, I went from a CG to an ER-5, which cost £320 fully comp. It is garaged and ground anchored.

After a year, I dropped down over £100.

I do live in West Yorkshire, not city, but not country, sort of imbetween. We do have fields and woods near us, but the town centre is only 5 miles away.
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I've a twin and a 4.

[numark1]

[feef]

[Dot_Comm]

[chrisw]

I used to live in SE London/Kent bad lands, sorry border (BR5) and when I was looking around for quotes a couple of years ago (aged 21, new rider) I couldn't get anything under £1500.

Now I live in Wiltshire (SN15), aged 23, pretty much every bike I've tried bar the rediculous (Blades etc) have fallen at or below the £500 mark.

Same thing happend with my car insurance, dropped by £200.

The answer to expensive insurance....don't live in a high risk area Sorry, not much help, but may explain it a little.

[DAF]

This was my profile last year when I bought the Fazer after doing my DAS;

Age - 35
NCB - 0
Convictions - 1 SP30 from 2003
Value - £4000
Fully comp

Got some ridiculous quotes as high as £1300 but found a "good" deal through Bennetts for £550.

My renewal has just gone through and it cost my "just" £295, again through Bennetts. You'll always get caned for having no NCB but if you keep the bike shiny side up and your nose clean (or not get caught ) you should hopefully see a nice reduction when it comes to renewing.
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2005 Yam Fazer (FZ6-S)

[_Will_]

age-17
0yrs ncb
xj600 diversion
pillion inclusive
tpf+t 600 quid
ive just looked for a quick quote but gonna wait to see what my renewal is as places guarentee to beat it but this is what ebike gave me
tpft 2yrs ncb same bike 400quid.mite go down if i shop around

[greatmoorred]

winners direct were good for me.
Do you have to get a 650 ? i eventually decided to drop down and get a 400, much cheaper insurance and its no slouch.

[shop_addict]

Thought I'd post this as a 'what not to do'!

I bought my first bike (125) in December 04. I decided on TPFT as I wanted to build up my NCD so I wouldn't be claiming for drops and such. After some searching around, I settled on Bennetts, and got a really good quote (for the record, I live in NW London, zero NCD, female, 15 years car license, no garage or driveway).

When, after four months and one successful (restricted test) I realised I wanted something a bit bigger, I went looking for a new bike. Settled on a used SV650S, and called Bennetts for a quote to upgrade my policy.

I couldn't.

The policy they'd originally found for me was what they called a 'scooter' policy - i.e. upto 125cc only. No problem, they said, we'll get you a new policy, and refund what's left on the old one. However, by the time I got the bike (July), I ended up having to lose 7 months claim-free riding, and had to restart the NCD counter from zero.

I realise that this was my fault for a) not reading the small print, and b) assuming a 125 would keep me smiling for more than a few months.

The moral of the story is - check that you can upgrade the policy with the underwriter, or keep with the same bike.

I'm not bitter, mind

Jo

[krebsy]

[Mark_petty]

i'm 24, 2 years ncb's, tpft on a Suzuki Bandit 600, passed test March 13th 2006, Parked in car park with lock & chain £210
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[Rides: Suzuki GSF600sx]
[CBT: Passed] [Theory: Passed] [DAS: Passed]

[freestyler_onli]

Fully comp GSXR600 K4. Big Chain, alarm/immobiliser, age 22 1 1/2 years experience, £3300.00 (accident had a bearing on this).

Im waiting to see what the drop will be when it's time to renew.

[alex_t]

21, liecence as of today (in theory) NCB 0 riding exp. 0, SV650 W reg, TPFT £505 with carole nash

havent gfot a liecence but wanted quotes so said i passed today...
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[CBT - passed 29.04.06] [Theory - passed 19.05.06 *34/35*] [DAS - passed 09.06.06]

SV650, blue

[Kaben]

22
0 NCB,
Provisional license,
MZ 125 SM,
garaged.
£380 TPFT with £150 excess - Carol Nash.

I found the hardest thing was getting a decent excess value. The breakdown cover inc homestart and legal cover were a nice bonus with carol nash.

Bennets wanted £420 with a £500 excess FFS!
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Its Not a Melon, Its Clearly a Lime!!
Yamaha Fazer 600Now dead, MZ 125 SM
My Deviant Art homepage https://robabloke.deviantart.com/

[element]

just done an online quote for my 04 DT125R..

22, 0yrs ncb, Prov licence, Bike value @ £1700


TP £133 @ Bennets! Only going TP because I have sufficient security for when my bikes left unattended and its garaged overnight. Was expecting much more.
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04' DT125RE (run-a-bout) // 89' DT125R (rebuilt + supermoto conversion)
SPARES FOR SALE. 2RK TZR // 82 DR125 // DT125R/E .... PM ME...

[Trill]

Aged 19
2 years NCB
Full lisence
GSX-R 600 k6
Garaged, Immobilizer + various other crap
Fairly good postcode
TPFT, £860 (including legal & breakdown cover)
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Chrome don't get you home but it sure makes you look good pushing it there.
First bike: RS125 - Current bike: GSXR600 k6

[woo]

im 25yrs
ride a gsxr600k1
live in london high risk area
have a garage
have 4yrs NCB

My renewal quote with CIA insurance is £236 TPFT!

Last yr my insurance was £525 tpft with NCI insurance!

Now thats what i call a drop in price!

Bearing in my mind ive excluded pillion cover cos i hardly ever carry anyone so whats the point, im selfish when it comes to my bike!

Also the type of job you hold has a bearing on your insurance as i am an accountant, well i will be in a couple of months as soon as i find an accounting job.

Also ive put down that the bike is used for social, domestic & pleasure and not commuting to and from a place of work!
(I tell yee some of these insurance definitions are bloody stupid, i guess sometimes you have to read in between the lines)
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Elen sila lummen omentielvo!