Insurance renewal!

[Welsh wizard]

That time has come around again - the dreaded reminder , your bike insurance is due for renewal, however as a valued customer we (MCE insurance) can do all the work for you as we can keep you on the road for £600 (about a thousand dollars) an increase of about 50 per cent on last year!
This will mark the anniversary of my proud purchase of the SuperTen, a time for celebration surely? But no, they go and spoil it with a rip off quote ( and they put a £2000 excess charge in there) I was really pleased with them last year but now.... they're all at it - rely on customer inertia to rip you off. I'm 60 years old, clean licence, no claims for over ten years, fitted a satellite tracker ( since last year) ground anchor and Abus chain-what more do they want?

anyway Internet search threw up Bennetts insurance at £410 with a £500 excess and 90 days European insurance - that's a big difference. Check out a few more tomorrow, difference is enough for a another farkle! What's insurance like for you guys across the pond?
Should add I live in London , always pushes prices up but....


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[snakebitten]

Pretty much the same story here mate. All over the board.
I'm one of the fortunate ones who gets reasonable quotes. 4 Bikes covered for about $700 per year.
Others will get a quote for double that, covering just the Tenere.

Lots of theories abound. But I can't make sense of it.

 

[bikerdoc]

Traded in a AN650K4 Burgman Executive on 7 March, while back in NZ for a fortnight after having been in NW Thailand for 7 weeks riding a CB500X on all manner of roads, tracks and trails. My AN650K4 had been with Protecta insurance (NZ) valued by me at NZ$5000 my premium was NZ$250 with an excess of the same. The insurance policy I had for two years and the premium remained the same throughout, plus the policy also included NZ Automobile Assoc. (NZAA) road side assistance etc. Consequently I didn't renew my NZAA membership when it came time. So I traded on a new 2014 AN650L4 valued at NZ$18000 (replacement value) and the premium went from NZ$250 to NZ$500 while the premium etc remained the same. A number of contributing factors were/are what usually determine or influence premium pricing; age (mid forties), insurance claim history (no claims for 20yrs+), licence (full & clean) the AN650 is classed as a category 1 - deemed a scooter, despite it being a 650cc and pretty much a wolf in sheeps clothing, meaning the only relationship to a scooter is the step through tunnel section (although purists argue that), a semi automatic CVT (tip tronic manual mode viz a viz auto), and 50L of underseat storage; the scoot is garaged and importantly it's not in a major city like Auckland. Major cities and certain areas/suburbs attract different premiums based on 'risk'. The XT1200Z on the other hand is a category 3 bike and that attracts a premium of somewhere in the vicinity of NZ$1200 for a similarly insured value.
Now if only one manufacturer would combine a maxi scoot with a ADV bike...
::017::

 

[Philistine]

I just got my renewal as well, its $322.00 Australia with $500 excesses and I have $2000 replacement for riding gear as well, I'm over 50 with a clean licence I think thats pretty cheap when I compare it with other types of insurance

 

[bikerdoc]

I just got my renewal as well, its $322.00 Australia with $500 excesses and I have $2000 replacement for riding gear as well, I'm over 50 with a clean licence I think thats pretty cheap when I compare it with other types of insurance

That is a good premium.... and extras. Which company is that?

 

[cakeboy]

i went with BENNETTS last yr as they were the cheapest ..i think it was around £230 ..but watch them come renewal time mate ? they sent me a letter saying they were going to renew my insurance automatic and when i looked at the price it was a staggering £788 ? [ for the same policy no changes ] ...i got on to them and gave them the biggest fxxxxx they have ever had & have had nothing to do with them since ...... ::005::

 

[Philistine]

That is a good premium.... and extras. Which company is that?

QBE, you have to be over 50 and the agreed value of the bike is $16,000. Insure MY Ride was $300 but no cover for my gear

 

[echo_four_romeo]

Insurance companies love us 20-something year old guys. But somehow the Tenere cost less to insure than my last bike, a Harley Sportster. Go figure...

 

[Philistine]

Insurance companies love us 20-something year old guys. But somehow the Tenere cost less to insure than my last bike, a Harley Sportster. Go figure...

Lots of Harleys get stolen ::007:: no teneres get stolen ::008::

 

[snakebitten]

Theives have no idea what a Tenere is.

 

[Checkswrecks]

By UK standards, most everything in the US is extremely cheap. But one commonality we share is that when insurance comes due is the time to shop for a new company advertising a great rate for new customers. Sounds like you found one.