25% hike in Bike insurance renewal; wtf!!??
Discussion
50 years old
no crime/convitions, etcetctectetcetc
irony for me is i owned a mc trg school for 12 years with a fleet of 25 bikes up until 3 years ago when I sold it
bought a cb1300s last feb - had to start once again on zero NCD. bast%^ds
anyway, i rode 500 miles in the last year. nothing happened/changed to affect insurance except.......
Last year it cost me £165 fully comp; this year's renewal: @£205.
Anyone else getting bent over and rammed up the a** as well???
no crime/convitions, etcetctectetcetc
irony for me is i owned a mc trg school for 12 years with a fleet of 25 bikes up until 3 years ago when I sold it
bought a cb1300s last feb - had to start once again on zero NCD. bast%^ds
anyway, i rode 500 miles in the last year. nothing happened/changed to affect insurance except.......
Last year it cost me £165 fully comp; this year's renewal: @£205.
Anyone else getting bent over and rammed up the a** as well???
Quite why it’s so amazing to people that insurance costs rise is beyond me. They also go down quite frequently too, but nobody seems to get upset by that.
There have been two big things in insurance in the last 12 months
Insurance Premium Tax has risen again from 10% to 12%
The government amended the Ogden tables, which has had a projected £3.5billion hit on claims costs, this is for existing unsettled and future claims.
I wish my insurance was only £205 a year. I’m more or less exactly the same risk that you’ve described, but I’ve a claim for car theft.
There have been two big things in insurance in the last 12 months
Insurance Premium Tax has risen again from 10% to 12%
The government amended the Ogden tables, which has had a projected £3.5billion hit on claims costs, this is for existing unsettled and future claims.
I wish my insurance was only £205 a year. I’m more or less exactly the same risk that you’ve described, but I’ve a claim for car theft.
It's not insurance prices going up, it's the yearly renewal piss take where doing a single price comparison will normally get it for cheaper than the previous year.
All insurers do it, because a good percentage probably don't bother checking the renewal and allow the policy to auto renew. Easy profit.
I think I've only ever had one reasonable renewal quote, every other year I've changed insurer and saved money on the previous year.
All insurers do it, because a good percentage probably don't bother checking the renewal and allow the policy to auto renew. Easy profit.
I think I've only ever had one reasonable renewal quote, every other year I've changed insurer and saved money on the previous year.
Thank you for so many b
hy replies 
and responses from people also getting whacked. I never realised how lucky I was !! Not.
If you get to 50 without making a claim, you might understand why an insurance hike in % terms as described has come as a major disappointment. Rate of inflation, or even RPI increase it isn't......
Just how many riders are getting bikes stolen or sticking them down the road????
It also surprises me that the trade insurance for my school was £4.5k a year for 24 bikes - average of £187.50 per bike - meaning newbie learner riders were seen as less of a risk as clearly I am now deemed.
What we really really need is insurance to sit with the rider. They have just started doing that with pilots of private aircraft which is saving some significant cash.
hy replies and responses from people also getting whacked. I never realised how lucky I was !! Not. If you get to 50 without making a claim, you might understand why an insurance hike in % terms as described has come as a major disappointment. Rate of inflation, or even RPI increase it isn't......
Just how many riders are getting bikes stolen or sticking them down the road????
It also surprises me that the trade insurance for my school was £4.5k a year for 24 bikes - average of £187.50 per bike - meaning newbie learner riders were seen as less of a risk as clearly I am now deemed.
What we really really need is insurance to sit with the rider. They have just started doing that with pilots of private aircraft which is saving some significant cash.
I have ever paid less year on year for insurance despite my renewal quote going up last year for no reason. As usual, a telephone call direct to the insurer will secure a discount that means the cost I've paid has come down. I aim to have it under £300 this year, I think it cost me about £320 or so last year. Not enough to get upset about.
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