Insurance know-how
Discussion
Hi, 24M here looking to go for my direct access in the coming months however slightly shocked at the insurance prices I’ve been finding on fairly "sensible" bikes I'm interested in getting once I pass.
Looked at a lot of things ranging from 350cc naked to 1000cc adventure bikes and the prices just don't make any sense??? been quoted 3 grand for cbr500r but somehow 2 and a half grand for a 1200 GS (not that I would get a 15 grand bike as a beginner)
Will the prices change once I actually have my license, or when I'm 25 years old or is 2 grand and above for a years insurance something I have to stomach?
Any body types or particular models that are cheaper to insure but still good bikes?
Looked at a lot of things ranging from 350cc naked to 1000cc adventure bikes and the prices just don't make any sense??? been quoted 3 grand for cbr500r but somehow 2 and a half grand for a 1200 GS (not that I would get a 15 grand bike as a beginner)
Will the prices change once I actually have my license, or when I'm 25 years old or is 2 grand and above for a years insurance something I have to stomach?
Any body types or particular models that are cheaper to insure but still good bikes?
Pesto217 said:
Hi, 24M here looking to go for my direct access in the coming months however slightly shocked at the insurance prices I ve been finding on fairly "sensible" bikes I'm interested in getting once I pass.
Looked at a lot of things ranging from 350cc naked to 1000cc adventure bikes and the prices just don't make any sense??? been quoted 3 grand for cbr500r but somehow 2 and a half grand for a 1200 GS (not that I would get a 15 grand bike as a beginner)
Will the prices change once I actually have my license, or when I'm 25 years old or is 2 grand and above for a years insurance something I have to stomach?
Any body types or particular models that are cheaper to insure but still good bikes?
I’m paying 1,500 Pa for a old 1.0 focus at 65 if that makes you feel better Looked at a lot of things ranging from 350cc naked to 1000cc adventure bikes and the prices just don't make any sense??? been quoted 3 grand for cbr500r but somehow 2 and a half grand for a 1200 GS (not that I would get a 15 grand bike as a beginner)
Will the prices change once I actually have my license, or when I'm 25 years old or is 2 grand and above for a years insurance something I have to stomach?
Any body types or particular models that are cheaper to insure but still good bikes?
I think the poster above may have a point though with fairings ( sportbikes ) as my z900 is cheaper to ins than my zx4rr was .
It's simple.
Theft and crashes are the main issues.
Less people your age are involved in crashing a GS.
Power doesn't automatically equal insurance cost.
Bikes ridden by older (mature) riders are generally less expensive to insure because less of them are crashed.
Something frequently picked by new riders will have very high costs
Theft and crashes are the main issues.
Less people your age are involved in crashing a GS.
Power doesn't automatically equal insurance cost.
Bikes ridden by older (mature) riders are generally less expensive to insure because less of them are crashed.
Something frequently picked by new riders will have very high costs
Ghs said:
I m paying 1,500 Pa for a old 1.0 focus at 65 if that makes you feel better
I think the poster above may have a point though with fairings ( sportbikes ) as my z900 is cheaper to ins than my zx4rr was .
Do you live on the more dangerous side of the hood? That’s crazy insurance cost for your age I think the poster above may have a point though with fairings ( sportbikes ) as my z900 is cheaper to ins than my zx4rr was .
Usually the first 2 years for new or returning riders are most risky. Get a couple of years claim free and you will find insurance will be half as much.
An older mid sized mainstream bike will be a good option for first year or two
https://www.devittinsurance.com/motorbike-insuranc...
An older mid sized mainstream bike will be a good option for first year or two
https://www.devittinsurance.com/motorbike-insuranc...
bogie said:
Usually the first 2 years for new or returning riders are most risky...
This it it.I'm over 50 and came back to bike ownership last year after a looong layoff.
I've had my licence well over 30 years, no points or claims on cars or bikes and it still cost me ~£3k to insure a new Streetfighter V2S.
The renewal is dramatically lower, but the first year was certainly an eye opener.
I suppose that's what you get ordering a new bike on a complete whim without a thought for what happens when it actually arrives.
Biker9090 said:
It's simple.
Theft and crashes are the main issues.
Less people your age are involved in crashing a GS.
Power doesn't automatically equal insurance cost.
Bikes ridden by older (mature) riders are generally less expensive to insure because less of them are crashed.
Something frequently picked by new riders will have very high costs
This. Insurance is based on risk.Theft and crashes are the main issues.
Less people your age are involved in crashing a GS.
Power doesn't automatically equal insurance cost.
Bikes ridden by older (mature) riders are generally less expensive to insure because less of them are crashed.
Something frequently picked by new riders will have very high costs
Risk is assessed by historic data, so people who buy GS's are older and tend not to ride like idiots, therefore crash less, and they're not cool, so less likely to get stolen.
See if you can get a list of 'beginner bikes' from an insurer, where I am (Canada) one of the brokers provides a list of easier to insure bikes. Like everyone has said, go for something older, smaller engined, and naked. Your age, postcode, and driving history will come into it too but you can't really do much about them. Where/how it is stored will also factor in.
PorkInsider said:
This it it.
I'm over 50 and came back to bike ownership last year after a looong layoff.
I've had my licence well over 30 years, no points or claims on cars or bikes and it still cost me ~£3k to insure a new Streetfighter V2S.
The renewal is dramatically lower, but the first year was certainly an eye opener.
I suppose that's what you get ordering a new bike on a complete whim without a thought for what happens when it actually arrives.
Same here! New Ducati 698 was a bugger to insure....I'm over 50 and came back to bike ownership last year after a looong layoff.
I've had my licence well over 30 years, no points or claims on cars or bikes and it still cost me ~£3k to insure a new Streetfighter V2S.
The renewal is dramatically lower, but the first year was certainly an eye opener.
I suppose that's what you get ordering a new bike on a complete whim without a thought for what happens when it actually arrives.
Even with loads of experience and ncd a new and / or new to you bike will be higher insurance the first year.
As soon as you can say you’ve owned it a year the premium will fall loads.
Have a look at a 2017 on SV650 I doubt there will be much cheaper to insure in a ‘big’ bike category.
As soon as you can say you’ve owned it a year the premium will fall loads.
Have a look at a 2017 on SV650 I doubt there will be much cheaper to insure in a ‘big’ bike category.
I had 12 years off biking and came back a couple of years ago. Prices were all over the place for a 42 year old and having had my licence for 24 years.
I was quoted £750 for a 2009 Triumph Sprint ST (1050cc), but the 2010 Tiger 1050 I bought instead was £280. That dropped to £210 after the 1st year and just waiting see what 2 years NCB brings in the next few days.
I've got a years NCB from a 50cc scooter I had aswell. I got a quote a few weeks ago for over £800 on a brand new Honda CB125F, but a 2007 600cc Hornet was £180.
I was quoted £750 for a 2009 Triumph Sprint ST (1050cc), but the 2010 Tiger 1050 I bought instead was £280. That dropped to £210 after the 1st year and just waiting see what 2 years NCB brings in the next few days.
I've got a years NCB from a 50cc scooter I had aswell. I got a quote a few weeks ago for over £800 on a brand new Honda CB125F, but a 2007 600cc Hornet was £180.
Biker9090 said:
It's simple.
Theft and crashes are the main issues.
Less people your age are involved in crashing a GS.
Power doesn't automatically equal insurance cost.
Bikes ridden by older (mature) riders are generally less expensive to insure because less of them are crashed.
Something frequently picked by new riders will have very high costs
Yes, I'm over 60 and I've recently got a CB900F Hornet. It is cheaper to insure than my Triumph Trident 660!Theft and crashes are the main issues.
Less people your age are involved in crashing a GS.
Power doesn't automatically equal insurance cost.
Bikes ridden by older (mature) riders are generally less expensive to insure because less of them are crashed.
Something frequently picked by new riders will have very high costs
Are you storing it outside or inside?
If you check the definitions, some insurers consider a cheap wooden shed to be "garaged" and that could save you a lot if you can garage it vs keeping it on the road.
Bot otherwise suggestions above are good - SV650 or Fazer 600 are probably on the cheaper side to insure, but otherwise just play with quotes and see what you like which is cheaper to insure. Insurance cost will fall quite quickly once you start building up NCB.
If you check the definitions, some insurers consider a cheap wooden shed to be "garaged" and that could save you a lot if you can garage it vs keeping it on the road.
Bot otherwise suggestions above are good - SV650 or Fazer 600 are probably on the cheaper side to insure, but otherwise just play with quotes and see what you like which is cheaper to insure. Insurance cost will fall quite quickly once you start building up NCB.
towser44 said:
I had 12 years off biking and came back a couple of years ago. Prices were all over the place for a 42 year old and having had my licence for 24 years.
I was quoted £750 for a 2009 Triumph Sprint ST (1050cc), but the 2010 Tiger 1050 I bought instead was £280. That dropped to £210 after the 1st year and just waiting see what 2 years NCB brings in the next few days.
I've got a years NCB from a 50cc scooter I had aswell. I got a quote a few weeks ago for over £800 on a brand new Honda CB125F, but a 2007 600cc Hornet was £180.
Got my Tiger renewal today. £190 fully comp with 2 years NCB now. That's parked outside in the back gardenI was quoted £750 for a 2009 Triumph Sprint ST (1050cc), but the 2010 Tiger 1050 I bought instead was £280. That dropped to £210 after the 1st year and just waiting see what 2 years NCB brings in the next few days.
I've got a years NCB from a 50cc scooter I had aswell. I got a quote a few weeks ago for over £800 on a brand new Honda CB125F, but a 2007 600cc Hornet was £180.
Gassing Station | Biker Banter | Top of Page | What's New | My Stuff