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| is insurance a rip off |
| yes |
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86% |
[ 13 ] |
| no |
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13% |
[ 2 ] |
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| Total Votes : 15 |
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apexer
Moto Crosser
Joined: 10 Jul 2006
Posts: 437
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 Posted: Tue Jun 05, 2007 6:38 pm Post subject: insurance |
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how do they justify this
vtr1000 with mods tpft 153 notes not to bad i thought
then i got some quotes for a dt125r on a 90 plate no mods ..............from 108 to 154 notes for a bike with less every thing and to top the cake off a 300-400 excess ..... the bloody bikes only worth 300
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BarryH
Cabbage club member #1
Joined: 25 Jun 2004
Posts: 7579
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| Posted: Tue Jun 05, 2007 6:41 pm Post subject: |
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Insurance companies have a min price on any policy. Just cos your only going to ride a 125 doesn't mean that its going to do any less damage if you hit something. Plus the DT125 is probably a higer risk as its ridden by a demographic of rider that is more of a risk. So with that effect a DT is more likell to be involved in an accident.
Its also a postcode lottery................ |
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ardee
World Superbike Racer
Joined: 24 Jul 2005
Posts: 1703
Location: Norwich, Norfolk
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| Posted: Tue Jun 05, 2007 6:59 pm Post subject: |
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| Personally I haven't really been hit by this but knowing how much CuseCuse's quote for the ER5 will be (it's not for me to reveal but it is a 4 figure sum) and knowing that a colleague was paying over 1000 a year for insurance on a 1.0L micra when he was 24 and had just passed his test, I think it is a ripoff. At those sort of prices it's not really suprising that people are tempted to ride and drive without insurance, which benefits no-one. |
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Baloo
Guest
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| Posted: Tue Jun 05, 2007 8:05 pm Post subject: |
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| ardee wrote: | | Personally I haven't really been hit by this but knowing how much CuseCuse's quote for the ER5 will be (it's not for me to reveal but it is a 4 figure sum) and knowing that a colleague was paying over 1000 a year for insurance on a 1.0L micra when he was 24 and had just passed his test, I think it is a ripoff. At those sort of prices it's not really suprising that people are tempted to ride and drive without insurance, which benefits no-one. |
Rightly or wrongly insurance is a business to make a profit. It is no different to any other business. The more insurers have to pay out the more the premium is. Sadly in this current society people claim for everything they can, legally or otherwise.
Yes it can be expensive, but then so can buying a bun or a cup of coffee. |
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tony vtr
Can't make his 'kin mind up
Joined: 28 Mar 2005
Posts: 2728
Location: crawley
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| Posted: Tue Jun 05, 2007 8:11 pm Post subject: |
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i think it is a rip off ,especially for younger riders...nowadays my insurance is cheap...but....when i had an sp370 in 1978(i was 18 then  ) the insurance cost £127 a year!!i was taking home £47 a week back then.so i reckon its always been a rip off!! |
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ardee
World Superbike Racer
Joined: 24 Jul 2005
Posts: 1703
Location: Norwich, Norfolk
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| Posted: Tue Jun 05, 2007 8:36 pm Post subject: |
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| MarcBC wrote: | | ardee wrote: | | Personally I haven't really been hit by this but knowing how much CuseCuse's quote for the ER5 will be (it's not for me to reveal but it is a 4 figure sum) and knowing that a colleague was paying over 1000 a year for insurance on a 1.0L micra when he was 24 and had just passed his test, I think it is a ripoff. At those sort of prices it's not really suprising that people are tempted to ride and drive without insurance, which benefits no-one. |
Rightly or wrongly insurance is a business to make a profit. It is no different to any other business. The more insurers have to pay out the more the premium is. Sadly in this current society people claim for everything they can, legally or otherwise.
Yes it can be expensive, but then so can buying a bun or a cup of coffee. |
I agree that insurers have to make a profit but it cannot even be in their interests to charge so much to young riders and drivers that people are unable to afford insurance and an increasing number then make the choice to ride or drive uninsured. If this happens more of their policy holders will then end up being involved in accidents with uninsured drivers from whom the insurers cannot claim reimbursement when their client was not at fault. |
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Baloo
Guest
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| Posted: Tue Jun 05, 2007 9:15 pm Post subject: |
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Let's not blame the insurers for the cost. If that is where the highest risk is; charge the price.
How about putting an insurance disc on the car window / bike as some other countries do thereby demonstrating cover and then punishing those that cheat with a fine that is twice the insurance cost instead of a token amount which makes it cheaper than buying cover. |
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Athos
MotoGP Racer
Joined: 31 Oct 2004
Posts: 6038
Location: climbing out of a big black hole
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| Posted: Tue Jun 05, 2007 9:20 pm Post subject: |
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| MarcBC wrote: | Let's not blame the insurers for the cost. If that is where the highest risk is; charge the price.
How about putting an insurance disc on the car window / bike as some other countries do thereby demonstrating cover and then punishing those that cheat with a fine that is twice the insurance cost instead of a token amount which makes it cheaper than buying cover. |
no insurance is a criminal offence punishable with prison,but i no of no one who has gone to prison,bout time they enforced the law in my opinion |
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GSEX-SLAPPY
Guest
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| Posted: Tue Jun 05, 2007 9:22 pm Post subject: |
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A lisence? Insurance? next youll want to tax the bloody thing   |
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Flipper
MotoGP Racer
Joined: 19 Jul 2005
Posts: 5419
Location: Desolation Boulevard
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| Posted: Tue Jun 05, 2007 10:28 pm Post subject: |
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| MarcBC wrote: | | [Yes it can be expensive, but then so can buying a bun or a cup of coffee. |
Where exactly do you buy your buns 
Agree with Marc - it's a crime that people don't have to display insurance in this country. |
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Va Va Oops
Va Va Yes yes yes yes!!!!
Joined: 01 Dec 2005
Posts: 5020
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| Posted: Tue Jun 05, 2007 11:35 pm Post subject: |
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| MarcBC wrote: | | ....punishing those that cheat with a fine that is twice the insurance cost instead of a token amount which makes it cheaper than buying cover. |
Absolutely!!! Makes no sense that it is often cheaper to pay the fine than buy the insurance 
Are our insurers ripping us off? I'm not sure. They need to be able to 'pool' enough money to be able to pay out for everyone who has a claim. And it is a business so they need to pay their costs and make a profit. I suppose it all depends on how reasonable that profit is??
I can't remember how much my newbie-rider insurance was on my 125 - a little over £100? - but that shot up to £500 for the 900cc Triumph around 7 months later / roughly 3 months after passing my test. It seemed steep but it was so difficult to get anyone to insure me at all that I just accepted it. ....A year later, it dropped to about £250. Still not cheap but, if they were really intent on ripping me off, having already 'snared' me, they could easily have got away with not giving me such a substantial reduction. ...still seems a bit steep though?! |
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photo chick
"not so little Emma"
Joined: 10 Mar 2007
Posts: 2235
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| Posted: Thu Jun 07, 2007 11:42 am Post subject: |
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mine is cheap at the moment cause my bike is old & so am I LOL.... But when it was brand new & I was 24 it was a FORTUNE, & I was livin up north where it is cheaper than London were I am now!!
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turkeysi
Pedestrian
Joined: 04 Jun 2007
Posts: 7
Location: Redhill
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| Posted: Fri Jun 08, 2007 11:25 am Post subject: |
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Been really lucky and managed to get relatively cheap policies through phoning around.
My bugbear with insurance is that it is cheaper to start a new policy than to stay with your current insurer, how the f*** does that work !?!
Loyalty to one company just does not work so every year there is the hassle of ringing around or surfing the interweb just to get a bike insured.
I know a block who is involved with e-sure and he gets a new car everyyear( a bigger flashier one as well) as a bonus. Last year he was given a Porsche Boxster. So I do not agree with the stance that they are not making shedloads of money from normal motorists. The insurance companies are fleecing us
MAKES MY BLOOD BOIL !! |
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GT
Expert CnutCnut
Joined: 15 Jun 2006
Posts: 5099
Location: Probably in ya mirror if you bothered to look!
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| Posted: Sun Jun 10, 2007 4:25 pm Post subject: |
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Applied for my Tax on line last week, but it stated there was a prob with my insurance! Dug out the paperwork to trudge off to the post office yesterday and realised that the insurance co had not issued new certificate with change of plate on it.
Phoned them up and got a lame apology re failing to send out new certificate. But what else can they do, just seems a bit of a co-incidence that MIB have not got details for the on-line service with DVLA as well !
They managed to send renewal notice out with change of plate on it last week. i did have great pleasure in informing them that i found insurance with lower excess and all other add ons they were offering £160 cheaper
They then re-qouted and got it down £61 from their previous qoute, at which point i asked why they couldn't have done this in the first place, suffice to say i will be parting company with CN
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Va Va Oops
Va Va Yes yes yes yes!!!!
Joined: 01 Dec 2005
Posts: 5020
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| Posted: Sun Jun 10, 2007 11:48 pm Post subject: |
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| matttherat wrote: | | suffice to say i will be parting company with CN |
Are there any others that give European breakdown as standard? ..or as a cost-effective alternative for possible multi-trips? |
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GT
Expert CnutCnut
Joined: 15 Jun 2006
Posts: 5099
Location: Probably in ya mirror if you bothered to look!
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| Posted: Fri Jun 15, 2007 4:45 pm Post subject: |
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| Va Va Oops wrote: | | matttherat wrote: | | suffice to say i will be parting company with CN |
Are there any others that give European breakdown as standard? ..or as a cost-effective alternative for possible multi-trips? |
Loads of companies just takes a bit of patience!
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Speed Limits are Minimums and remember Opinions are like arseholes, everyone has one
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