Insurance Skyrocketing?

[R11ysf]

I've had my insurance go from £600 last year to £850 this year.

I've made no claims, no offences, nothing. In fact I've done a BikeSafe course and also an extra year of no-claims.

Bike is central London, garaged.

Anyone had anything similar or have any suggestions?

[TriumphStag3.0V8]

The insurance on every single one of my cars is less this year - the largest decrease is approx 35% and I have done nothing different: already had healthy NCBs on each and am at an age where an extra year's driving experience makes no difference.

I suggest trying the comparison sites if you have not already - be prepared to switch provider, or use other provider quotes to get your renewal price lowered.

[oneandone]

My multi bike policy with Bennett’s dropped by £200 this year.
I did remove commuting but also swapped out my Tenere for a KTM 1290 SAS and upped the mileage on all the bikes.

The cats insurance hasn’t changed.
The Land Rover isn’t due till August, I’m not hopeful on that one.

[Drawweight]

Mine went up, I went onto the comparison sites and got a lower quote.

I then phoned my insurance company and they matched it.

I thought this has all been legislated against but I’m not bothered, I still got my insurance for less.

[Alex Z]

40% increase in my renewal quote despite the bike now being a year old and worth a good chunk,less.
Shopping round looks like it will halve the increase to a mere 20%.

[stu67]

I'd say the postcode will be the real problem here, central London must be a real pain getting anything insured.

[littleredrooster]

Mine has gone down from £102 last year to £83 this year.

[MOBB]

Not a bike, but a work Transit on the fleet policy, Colindale (London) postcode.

£2k last year, £8k this year

So we got a quote for an individual policy for the driver - £18k

All due to postcode they say

[Condi]

Talking to a broker is often the best way to go, Bikesure have always been very good when asked to match quotes.

[cjs racing.]

Both of our insurances went down this year.

My wife is with Hastings, I'm with Bennetts.

[On Cam]

Try £500 to £1,000... No change in circumstances...

[Dog Star]

R11ysf said:

Bike is central London, garaged.

That explains everything tbh.

[TheInternet]

Dog Star said:

R11ysf said:

Bike is central London, garaged.

That explains everything tbh.

Does it? You expect them to be high, but I don't know of any reason for it to have significantly changed over the last year. I think mine was up about 10% to a heady £225 in broadly similar circumstances and much as I expected.

[Condi]

We've got a new guy at work, within the first 3 months he's gone and bought himself a 72 plate S3 at 24 years old. Paying £7k a year in insurance!

I would guess that's 20-25% of his monthly income on insurance alone.

Not very relevant to a bike, but interesting non the less.

[Dog Star]

Condi said:

We've got a new guy at work, within the first 3 months he's gone and bought himself a 72 plate S3 at 24 years old. Paying £7k a year in insurance!

I would guess that's 20-25% of his monthly income on insurance alone.

Not very relevant to a bike, but interesting non the less.

There was a guy popped up in this very forum a couple of years ago - quite young. Wanted an R6 but his insurance was astronomical.

He came back a few weeks later, success! He’d managed to secure insurance, sadly only Third Party Only, for £400.

I replied saying that while TPO was not too great, £400 a year was still not too bad compared with what he’d been seeing.

It wasn’t a year - it was £400 a MONTH

(I’ve noticed a lot of younger folk quote their insurance per month)

[boyse7en]

Just insured my BMW F800.

Swinton upped the renewal price by 40% from last year, so i looked around and got it £20 cheaper than last year's price with Bennetts. Fully comp is £92 for the year. As a contrast, Carole Nash quote was £265...

[cooperd5]

Eerily I have just re insured my F800 too... Bennett's was £82 last yr but renewal was £133 - up 61%. Did MCN compare and with Devitt for £68. With lower XS too.
Insurance is a total lottery

[P675]

Cheapest I could get for my S1000R this year is £3000, was £800 last year. Hoping things get better in 12 months..

[snagzie]

My 1290SAS went down from 590 to 550. It was brand new last year. Stayed with Bennetts.

So I suppose give new bikes devalue so much in the first year so its valuation would be less, and approx 7% CPI in last 12 months, in real terms its gone up

[KingGary]

My ZZR 1400 is just over £100 to insure fully comp. The downside is I’m old.