Back on a bike after 10 years...insurance ??
Discussion
The time you’ve owned a bike makes a big difference for some reason. If it’s practical you could buy it now and insure it in spring next year. I’ve got full NCD and time of ownership still makes a big percentage difference.
Other option is to get a cheap to insure bike now and get one years NCD.
Other option is to get a cheap to insure bike now and get one years NCD.
Blowfish said:
Been thinking of getting a superbike again after a several year break. Was about to put a deposit down on a V2 and just run several Insurance quotes. All quotes so far have been ridiculously expensive.
Can anyone recommend me someone cheap to try before I give up on the idea?
I’m never going to stick up for insurers but you’ve not ridden for 10 years and you’re attempting to jump straight onto a Ducati super(ish)bike. For them that ticks a lot of high risk boxes. Can anyone recommend me someone cheap to try before I give up on the idea?
As others have said get yourself something cheap and modestly powered for a year. Your insurance cost will likely drop dramatically.
The first 2 years back on a bike is almost as much risk as the first 2 years post test as far as insurance company is concerned. After 2 years the quotes should be 50-60% cheaper.
The choice is buy something less powerful and/or cheaper for a year or two or just pay the price they want until you get some NCB
When I started riding again after an enforced break my insurance on a high group sports bike started at £550 but reduced to £150 over the following few years (42 yrs old at the time in a rural area, with garage)
The choice is buy something less powerful and/or cheaper for a year or two or just pay the price they want until you get some NCB
When I started riding again after an enforced break my insurance on a high group sports bike started at £550 but reduced to £150 over the following few years (42 yrs old at the time in a rural area, with garage)
Edited by bogie on Wednesday 4th August 10:02
I had a gap year from motorcyles that lasted long enough for my old NCB to be void
Insurance quote for even run of the mill modern middlewights was shocking
So I bought a GPz600r from mid eighties and the “classic” policy was far more reasonable
After a couple of years with fresh NCB - I can insure anything at a reasonable premium
Insurance quote for even run of the mill modern middlewights was shocking
So I bought a GPz600r from mid eighties and the “classic” policy was far more reasonable
After a couple of years with fresh NCB - I can insure anything at a reasonable premium
Blowfish said:
Been thinking of getting a superbike again after a several year break. Was about to put a deposit down on a V2 and just run several Insurance quotes. All quotes so far have been ridiculously expensive.
Can anyone recommend me someone cheap to try before I give up on the idea?
V2 + No NCD + No bike for ten years = Big premium (+ a possible high risk post code + maybe the odd set of points) might = ridiculous premium.Can anyone recommend me someone cheap to try before I give up on the idea?
As others have said, its probably the bike, run the same quote on something more normal, SV650 / Monster 821 etc and see what the prices are like.
There are no shortcuts.
In addition to what others have written here, which I agree with, I would say that Bennetts was able to provide a better quote for me than most other insurers. They've also managed to beat the renewal quotes for 2 years now as well. Seems being bike-centric gives them better focus on their market.
They was north of £2k but after a bit of shopping about today I’m down to £900
Drawweight said:
What range of quotations are you getting?
Your idea of outrageous might be someone else’s perfectly normal.
Have you had that kind/value of bike before and have something to compare it against?
Your idea of outrageous might be someone else’s perfectly normal.
Have you had that kind/value of bike before and have something to compare it against?
Be been out of bikes for 12 years (I am now 50), this February I bought a Kawasaki ZX7r no no claims clean licence £177 .
March I bought a brand new Ducati monster 1200s new policy £405 fully comp .
June I bought a 1998 Yamaha R1 fully comp £270
This week I bought a Ducati panigale 1299s another new policy £375 fully comp
Next year when I have one years no claims I’ll see if I can get a decent price on a multi bike policy
All of the above bikes are from using compare the market , and all the bikes are insured through Hastings direct , what I will say though is Hastings were almost always the best price BUT when you click on the quote and the “go to provider link “ all the prices dropped by over 10%
The 1299s was £435 clicked on the Hastings link paid for it on their site and the price was down to £375
I’d like to add that on a daily basis the quote prices could change dramatically but I’m assuming I am in a good post code , I’ve a clean licence and never had a claim in the last 20 years either fault or non fault
March I bought a brand new Ducati monster 1200s new policy £405 fully comp .
June I bought a 1998 Yamaha R1 fully comp £270
This week I bought a Ducati panigale 1299s another new policy £375 fully comp
Next year when I have one years no claims I’ll see if I can get a decent price on a multi bike policy
All of the above bikes are from using compare the market , and all the bikes are insured through Hastings direct , what I will say though is Hastings were almost always the best price BUT when you click on the quote and the “go to provider link “ all the prices dropped by over 10%
The 1299s was £435 clicked on the Hastings link paid for it on their site and the price was down to £375
I’d like to add that on a daily basis the quote prices could change dramatically but I’m assuming I am in a good post code , I’ve a clean licence and never had a claim in the last 20 years either fault or non fault
Edited by Cosworth4388 on Wednesday 4th August 21:35
Mr_Megalomaniac said:
In addition to what others have written here, which I agree with, I would say that Bennetts was able to provide a better quote for me than most other insurers. They've also managed to beat the renewal quotes for 2 years now as well. Seems being bike-centric gives them better focus on their market.
+1 for this from me. I had 10+ years out of biking and came back last year (admittedly not to sportsbikes, but London postcode and commuting) and 1 year of no claims/riding experiecne dropped my premium by a chunky amount on renewal this year, at least with Bennetts - dropped from c.£400 to less than £200 for the same bike. Beat my renewal quote too. As said above though you may be okay with £900 for a bike of that performance, desirability and value - doesn't seem massively OTT to me to be honest.
I had a 10 year break from Bike ownership and let my full NCB lapse too.
Really wish I'd kept something small and cheap at the back of the garage insured 3rd party and SORNed - but hindsight is pointless.
I bought a cheaper bike to build up some NCB again. Now I've got 2 years NCB I'm getting much more reasonable quotes on nicer bikes.
As others have said - the actuaries assess returning bikers as high risk for a reason. It took me a few months before my low speed control and cornering confidence were what they were and I had a few moments.
Really wish I'd kept something small and cheap at the back of the garage insured 3rd party and SORNed - but hindsight is pointless.
I bought a cheaper bike to build up some NCB again. Now I've got 2 years NCB I'm getting much more reasonable quotes on nicer bikes.
As others have said - the actuaries assess returning bikers as high risk for a reason. It took me a few months before my low speed control and cornering confidence were what they were and I had a few moments.
Edited by Seight_Returns on Thursday 5th August 13:59
The V2 is simply an expensive bike to insure. I had a Suzuki 650 Bandit insured with Bennets for 8 years, no claims & no points. I'm 63, had a license since 17 and live in a "low risk" area with the bike locked in an alarmed garage. First year on the V2 was £380, Added a BMW S1000R to replace the 650 - another £350 adjustment to cover the remaining 10 months on a multi-bike policy. This year, renewed for £530 for the pair. Both bikes have a 4,000 mile limit on each.
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