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Cheaper for more bikes

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johnno View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote johnno Quote  Post ReplyReply Direct Link To This Post Topic: Cheaper for more bikes
    Posted: 26 Mar 2018 at 17:58
Went to renew my insurance but was thinking of taking 650 off policy expecting to save a few quid , turned out it would cost me a bit more so it's five bikes on the road for another year . I will never understand insurance lol
GSXR1100 L ,Moto Guzzi .750xpa,.1100 sport,1100 sport corsa rider
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Post Options Post Options   Thanks (0) Thanks(0)   Quote motomike1400 Quote  Post ReplyReply Direct Link To This Post Posted: 26 Mar 2018 at 20:51
And my insurance will only cover 4 bikes! You'd think using a 2k bike instead of a 10k bike would cut the exposure risk...but no. Mmmm...insurance companies, eh !
Still, stopped me buying yet another.
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Mike H View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mike H Quote  Post ReplyReply Direct Link To This Post Posted: 27 Mar 2018 at 09:42
Always depends on personal circumstances, not often useful looking at what other people pay.


Ural renewal end of Feb, did look at go compare again just to see what figures I get, and if could be cheaper this time rounf, no, all quotes whacked right up compared to last year, the renewal was much cheaper, even than the quotes on GC from same insurer!

So went with that then!


"Chicken nuggets don't dance on a Tuesday."
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johnno View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote johnno Quote  Post ReplyReply Direct Link To This Post Posted: 27 Mar 2018 at 10:50
I've had time to think about my insurance and I think my renewal was quoted 3 weeks ago and when I asked about taking 650 off it was a new quote as market dictated from yesterday . Hope that makes sense
GSXR1100 L ,Moto Guzzi .750xpa,.1100 sport,1100 sport corsa rider
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Post Options Post Options   Thanks (0) Thanks(0)   Quote TooJuicy Quote  Post ReplyReply Direct Link To This Post Posted: 27 Mar 2018 at 17:03
Just a wild guess, but perhaps insurance companies have identified that the more bikes a person owns the less riding they do? These companies use statistical data to come up with their not-always-obvious rules.

What do you think?


Tony
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Post Options Post Options   Thanks (0) Thanks(0)   Quote johnno Quote  Post ReplyReply Direct Link To This Post Posted: 27 Mar 2018 at 17:54
Originally posted by TooJuicy TooJuicy wrote:

Just a wild guess, but perhaps insurance companies have identified that the more bikes a person owns the less riding they do? These companies use statistical data to come up with their not-always-obvious rules.

What do you think?


Tony
well they made a big mistake with me then lol
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Mike H View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mike H Quote  Post ReplyReply Direct Link To This Post Posted: 28 Mar 2018 at 13:46
Originally posted by TooJuicy TooJuicy wrote:

Just a wild guess, but perhaps insurance companies have identified that the more bikes a person owns the less riding they do? These companies use statistical data to come up with their not-always-obvious rules.

What do you think?


Tony

I would have thought other way around, the more bikes you have the greater the chance of attracting a thief who fancies one of them.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote TooJuicy Quote  Post ReplyReply Direct Link To This Post Posted: 28 Mar 2018 at 17:41
Yes perhaps, unless the bikes are all Guzzis of course!



Tony
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Post Options Post Options   Thanks (0) Thanks(0)   Quote johnno Quote  Post ReplyReply Direct Link To This Post Posted: 28 Mar 2018 at 20:30
Originally posted by TooJuicy TooJuicy wrote:

Yes perhaps, unless the bikes are all Guzzis of course!



Tony
guzzis just give headaches in every direction until that moment then your hooked
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Post Options Post Options   Thanks (0) Thanks(0)   Quote c13pep Quote  Post ReplyReply Direct Link To This Post Posted: 29 Mar 2018 at 09:25
Currently looking to renew my V50 insurance finding a good quote on Go Commpare at Bennets but my 1981 V50/3 wasn`t on their list only a V50/2. Their listing for my bike only showed 1984 - 1986 so they wouldn't insure me!!!
I tried next one on the list (Post Office) and no problems even though it was supplied by Devits who were a more expensive option further down the comparison list.
My renewal was £50 dearer than the Post Office so it was a no brainer but I still can`t fathom where all the different prices and info comes from especially as Bennets said my reg came up as a Falcone (if only)
CHRIS
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Post Options Post Options   Thanks (0) Thanks(0)   Quote iansoady Quote  Post ReplyReply Direct Link To This Post Posted: 29 Mar 2018 at 10:20
I always suggest people try Peter James who know their stuff.

http://www.peterjamesinsurance.co.uk/

They'll also give you agreed value on the Guzzi.
Ian
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nab301 Quote  Post ReplyReply Direct Link To This Post Posted: 30 Mar 2018 at 12:32
As above the only way to know exactly is to get a quote .  In the past i've removed an MZ301 from a multibike  Tpft policy . Added an NT 650 Honda  probably  4 times the value  and  the renewal came in cheaper..
Slightly off topic,  but locally   new car drivers can insure for maybe a third of the cost  of the premium on a 10 year or older car despite the car being valued at maybe  10/15/20 times more . Apparently new car  owners are involved in less claims than drivers of older cars.
Nigel
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