insurance question??

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up until sat coming ive been insured on my own traders policy.this covers me for any car belonging to me or not and any bike up to 400cc(i have to inform them of anything bigger than 400cc bike wise).
anyway ive been paying 500quid a year for this but i no longer need it as im gonna share my car with my girlfriend and insure her on my policy,instead of us both having our own seperate insurance.
when i went to bennets to get a quote they only want £62 a year to insure my gy125 chinese import?
my problem is this just seems tooo cheap.not that ill be complaining if it is this cheap,but id like some opinions on this.?what do you reckon is this too cheap or does it sound about right??
im 26 never had a road bike before so no no claims(6 year no car claims but have to use this for the car policy) im living in newcastle ( NE6 postcode its a bad area)and ive got 3 points ( sp60).
look forward to some opinions on this...
thanks
dave.

[Kickstart]

Hi

Does seem pretty cheap to me. Especially given recent reports that insurance companies are getting stung with people dumping Chinese import 125s and claiming them stolen as the depreciation is so high on some of them.

All the best

Keith
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Traxpics, track day and racing photographs - Bimota Forum - Bike performance / thrust graphs for choosing gearing

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[dew]

Are you keeping it garaged? Have you mentioned that you have been riding for a while even though you dont hv NCD on bike?

There are lot of things which matters in insurance. Bennets is a good company. Go for it...

Cheers,
Dew

PS: Not everyday you hear sm1 complaining of low insurance cost I managed to get lowest cost of 990 (TPFT) for new zx6r, but then i hv a theft claim, sp30 and no garage
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Theory: 34/35, 64/75 Test: 23-Oct-06 PASSED (No minors)
Current: Ninja ZX- 6R Future: ???

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[KTM Gordo]

Third party only cover is quite unusual - most people want the fire and theft cover too. That probably explains why it's very cheap, as regardless of what happens, you won't be able to make a claim.

From talking to various people, I think that TPFT is the most common lever of insurance, and for some reason it's often not that much more to go for fully comprehensive cover.

I would advise that you check the small print of your policy carefully, as often cheap policies have certain exclusions, but there isn't really anything they can impose on a third party only policy.
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Change is inevitable - except from a vending machine.

KTM 990 Adventure | KTM EXC 250 Racing | Land Rover Freelander SE Td4

[Kickstart]

[Stiffler]

See I'm totally gutted about this, I've just got my first bike (Yamaha YBR125), I'm 24, on a CBT, the bike is garaged and I've got no previous convictions. I'm a office worker for a Uni, and I've been driving a car for 6 years.

Fully comp I was quoted £490-590
TPFT I was quoted £345-505

I don't know why I'm was quoted such high numbers, a couple of the insurers actually said that they couldn't insure my postcode. I guess that it must be not having a full license and I've just got an awfully bad postcode and maybe because I'm under 25?

In the end I bit the bullet and took TPFT from AXA at 345 who underwrote the bloke from MCE who "swore on his mothers life I wouldn't find a better offer"! It took a further 10 phone calls but I managed it in the end even though it was only £3.... I do like to take on a challenge
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Current Bikes - Kawasaki ZX-6R (636) | BMW G650GS

[Dalemac]

hey stiffler


yeah i was gonna get a ybr 2nd hand, insuranc would have cost me over £550 so i decided to just buy a brand new one- it came with free insurance
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YBR125 -> GPZ500S -> SL1000

[Stiffler]

It's fairly frustrating, how old are you Dale?

I picked up my 55 YBR for £1050 it's done 1770miles and is in near perfect nick so I hope I've still saved some money on buying it new.
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Current Bikes - Kawasaki ZX-6R (636) | BMW G650GS

[Dalemac]

yeah it is fustrating. im only 17 so thats why its a bit higher for me.

i bought mine for £2000, with free insurance, warranty, clothing, yamcheque etc, i got a good deal really as the dealer threw in quite a lot of freebies, they are even letting me go to their garage and are going to show me how to maintain my bike - for free.

couldnt get a quite lower than £550, and usually 2nd hand ybr's are £1300+ so you got that one quite cheap.

What do you think about the clutch? do you have problems with it, or is just because mine is brand new? clutch seems really sensitive and ive stalled a few times trying to pull off.
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YBR125 -> GPZ500S -> SL1000

[Stiffler]

Sounds like you've done pretty well on your deal too! I'm 24 and was shocked at how high the quotes I was getting were... The guy selling the bike wanted to get rid as he's moving away, it was originally on for £1350 but got knocked down after no interest. I don't think the ad was doing it any favours at all! I'm hoping that if I look after it I'll be able to sell it for about the same price or possibly a bit more than what I paid.

I've not quite got the grasp of the clutch either, although I only got it yesterday and I've not had chace to ride it much yet and it's my first time on a clutched bike. My CBT was on a twist and go scooter!

Tim
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Current Bikes - Kawasaki ZX-6R (636) | BMW G650GS

[Dalemac]

pullin off in 1st gear is quite hard. pulling off in 2nd gear however, is piss easy. dunno why, probably nead to ride the bike in abit more, only done 60 miles.
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YBR125 -> GPZ500S -> SL1000