Another insurance thread

[Ken_Code]

My new old-man’s bike arrives next week, a BMW R1300GS, so I called my broker to take a hooligan bike off (Husqvarna 701 Supermoto) and add the BMW.

No chance. The new bike is a straight decline, both from my current insurer and everyone else that the broker can access.

It’s because of price, I went for all the options which took it to £23,000, and none of them are interested.

It’s a shame, my multi-bike policy has been great, letting me swap bikes in and out easily but now I need to look around again, and the chance of getting three bikes covered for anything close to my current £1,000 premium seems slim.

[Biker9090]

I really can't fathom how someone can buy a bike without even getting an insurance quote first. Literally one of the first things I do when deciding - let alone buying

[podman]

Biker9090 said:

I really can't fathom how someone can buy a bike without even getting an insurance quote first. Literally one of the first things I do when deciding - let alone buying

To be fair to the OP, while I dont know his background, it seems to me its a more recent trend for us more seasoned folks with a good background to be be actually refused insurance ANYWHERE, we expect to pay more for a a new expensive shiny thing but not being able to get cover at all is something id never heard of until this last year…

[Ken_Code]

I was always going to buy it, and there are others who’ll insure it, it’s just a pain to need to change insurers, and also a surprise that a mainstream bike (likely to be one of the top sellers this year) is excluded by some insurers on price.

[stupidbutkeen]

I got rid of my gsx s1000 last year due to the insurance costs going mental. Granted I now have 6 speeding points to deal with but jumping from under 300 to over 750. Just bought a wee old 600 hornet and insurance back down to under 150. Happy days

Granted the s3 is 1.3k but my 81 mini was 115 with a 12.5k set value


Also the 6 points I got in the works lorry so can't blame the toys .

[Ken_Code]

I’m paying £1,000 for three bikes at the minute, fully comp.

It looks like £1,700 for just the new one if I use my no-claims bonus on it.

I might just go third party only, which is £400. Any claim is likely to screw my car insurance anyway (currently £6,000 per year), so there’s little value to fully comp.

[Drawweight]

I went on a companion site to get a quote for a GS 1300 (probably pointless, see my thread).

I only got one quote back but honestly it wasn’t that high, only about £150 up on the 1250r I bought new.

I thought I might get a few sky high prices but was also surprised the companies who wouldn’t quote.

[Ken_Code]

Drawweight said:

I went on a companion site to get a quote for a GS 1300 (probably pointless, see my thread).

I only got one quote back but honestly it wasn’t that high, only about £150 up on the 1250r I bought new.

I thought I might get a few sky high prices but was also surprised the companies who wouldn’t quote.

Which one was it?

[Biker9090]

podman said:

To be fair to the OP, while I dont know his background, it seems to me its a more recent trend for us more seasoned folks with a good background to be be actually refused insurance ANYWHERE, we expect to pay more for a a new expensive shiny thing but not being able to get cover at all is something id never heard of until this last year…

Been rising since I was 16 (almost 18 years) but I still wouldn't buy one without checking.

[Drawweight]

Ken_Code said:

Drawweight said:

I went on a companion site to get a quote for a GS 1300 (probably pointless, see my thread).

I only got one quote back but honestly it wasn’t that high, only about £150 up on the 1250r I bought new.

I thought I might get a few sky high prices but was also surprised the companies who wouldn’t quote.

Which one was it?

Bikesure. £517.

That was with no security ticked. Maybe that was part of the reason nobody else quoted.