Insurance advice - Honda 125

20-10-2010, 11:15 PM

My eldest is due to get his insurance renewal in the next couple of weeks - his bike's a Honda CBR125.

He's had 2 own fault accidents in the last year including a total loss on his last bike - another CBR125. No injuries or 3rd party claims.

So far the cheapest quote I've managed to get is £1700 fully comp - but one bunch quoted £5700!!

I've tried the comparison sites and a couple of independants but the £1700 figure is the best yet - bike's worth around £2500 replacement value.

He's due to take his parts 1 and 2 in the next couple of weeks but at this rate he won't be able to afford to keep the bike on the road.

Any suggestions or ideas would be welcome.

Cheers

G

20-10-2010, 11:33 PM

Don't go fully comp, it's not worth it at his/my age. Go TPFT that's what I did with my CBR and Monster, CBR came to about £600 and the Monster at £500.

I always get the quotes from bike insurer website

singletrack · 21-10-2010, 07:47 AM

Try lexham insurance
they were always the best for my daughters

http://www.lexhaminsurance.co.uk/

21-10-2010, 10:54 AM

you could try addind an additional rider to the policy.

when i had car insurancei could get a cheaper policy by adding my mum as a named driver

however i dont think that worked so well with bike insurance

im still on third party only

singletrack · 21-10-2010, 12:51 PM

Quote:

Originally Posted by Scotty

you could try addind an additional rider to the policy.

when i had car insurancei could get a cheaper policy by adding my mum as a named driver

however i dont think that worked so well with bike insurance

im still on third party only

I think you are right - I am sure the insurance went down for my daughters when I was added as an additional rider.

Char · 21-10-2010, 11:14 AM

my sons car insurance was about that with no previous claims - if I'd had a daughter it would have been exactly half - I was under the impression they were going to rectify the issue but not heard anything recently

Rally · 21-10-2010, 12:16 PM

Quote:

Originally Posted by Char

my sons car insurance was about that with no previous claims - if I'd had a daughter it would have been exactly half - I was under the impression they were going to rectify the issue but not heard anything recently

Is he booked in for his sex change operation yet then Char? lol.

21-10-2010, 02:03 PM

Crikey how things have changed!.. I didn't pay anything like that on my first bike !
One advantage being a girl then

But then we had those wonderful rider policy's which where great!!!

Hope you get something cheaper ..ouch!!

gary tompkins · 21-10-2010, 02:19 PM

Sell the CB125 and get something cheaper & go for TPFT.

Lower value = lower premium

Laying out £2500 on a first bike is rediculous, a cheaper hack would have made better sense. We never spent much on learner tackle when I was a novice, prefering to save cash for our 1st pukka bike once the L plates had been lost. Also most of us repaired our bikes DIY after minor prangs avoiding claims to preserve NCB.

Avoiding learner bikes with full fairings helps. First thing to get damaged in a crash, difficult to repair and expensive to replace. It's also another reason why they cost £££ to insure. My first bike (moped) cost £150 secondhand in 1981, and at the time I was earning £35 a week as an apprentice.

Allowing for inflation £150 is the equivalent of £402 today

http://www.moneysorter.co.uk/calculator_inflation.html

21-10-2010, 03:51 PM

Quote:

Originally Posted by Gordon H

He's had 2 own fault accidents in the last year...bike's worth around £2500 replacement value.

The first bit is the relevant one, the second bit less so.

The insurance company is, quite rightly, worried about your son's riding skills, and are fearing that the next own fault accident might actually send somebody else to a hospital and they'd end up with large medical bills, way exceeding the value of the bike.

AndyC_772 · 21-10-2010, 04:54 PM

How about taking the bike off the road until he's passed his test? He can do the test on the school's bike, under their own insurance, then think about insuring his own bike again once he's passed.

Actually having a bike licence has got to make it cheaper, right?

Sadly if you've called around and can't find a cheaper quote then it sounds like moped time...

20-10-2010, 11:15 PM	#1
Gordon H Guest Posts: n/a	Insurance advice - Honda 125 My eldest is due to get his insurance renewal in the next couple of weeks - his bike's a Honda CBR125. He's had 2 own fault accidents in the last year including a total loss on his last bike - another CBR125. No injuries or 3rd party claims. So far the cheapest quote I've managed to get is £1700 fully comp - but one bunch quoted £5700!! I've tried the comparison sites and a couple of independants but the £1700 figure is the best yet - bike's worth around £2500 replacement value. He's due to take his parts 1 and 2 in the next couple of weeks but at this rate he won't be able to afford to keep the bike on the road. Any suggestions or ideas would be welcome. Cheers G

21-10-2010, 07:47 AM	#3
singletrack Moderator Join Date: Dec 2004 Location: Glossop Bike: Other Not a Ducati Posts: 1,513	Try lexham insurance they were always the best for my daughters http://www.lexhaminsurance.co.uk/ __________________ A woman can never have too many bikes!

21-10-2010, 11:14 AM	#6
Char We're all mad here Join Date: Aug 2010 Location: Wiltshire Bike: Other Not a Ducati Posts: 1,536	my sons car insurance was about that with no previous claims - if I'd had a daughter it would have been exactly half - I was under the impression they were going to rectify the issue but not heard anything recently __________________ If you don't know where you are going any road can take you there

21-10-2010, 02:19 PM	#9
gary tompkins 1/2 man - 1/2 pogo-stick Join Date: Aug 2002 Location: Dartford, Kent Bike: M900ie Posts: 7,241	Sell the CB125 and get something cheaper & go for TPFT. Lower value = lower premium Laying out £2500 on a first bike is rediculous, a cheaper hack would have made better sense. We never spent much on learner tackle when I was a novice, prefering to save cash for our 1st pukka bike once the L plates had been lost. Also most of us repaired our bikes DIY after minor prangs avoiding claims to preserve NCB. Avoiding learner bikes with full fairings helps. First thing to get damaged in a crash, difficult to repair and expensive to replace. It's also another reason why they cost £££ to insure. My first bike (moped) cost £150 secondhand in 1981, and at the time I was earning £35 a week as an apprentice. Allowing for inflation £150 is the equivalent of £402 today http://www.moneysorter.co.uk/calculator_inflation.html __________________ GT Fully paid up member of the S.A.S. (Scottoiler Appreciation Society) 27,000 miles on original chain - and still going strong! Last edited by gary tompkins; 21-10-2010 at 03:40 PM..

20-10-2010, 11:33 PM	#2
rac3r Guest Posts: n/a	Don't go fully comp, it's not worth it at his/my age. Go TPFT that's what I did with my CBR and Monster, CBR came to about £600 and the Monster at £500. I always get the quotes from bike insurer website

21-10-2010, 10:54 AM	#4
Scotty Guest Posts: n/a	you could try addind an additional rider to the policy. when i had car insurancei could get a cheaper policy by adding my mum as a named driver however i dont think that worked so well with bike insurance im still on third party only

21-10-2010, 02:03 PM	#8
He11cat Guest Posts: n/a	Crikey how things have changed!.. I didn't pay anything like that on my first bike ! One advantage being a girl then But then we had those wonderful rider policy's which where great!!! Hope you get something cheaper ..ouch!!

21-10-2010, 04:54 PM	#11
AndyC_772 Registered User Join Date: Sep 2010 Location: Farnborough Bike: No Bike Yet! Posts: 213	How about taking the bike off the road until he's passed his test? He can do the test on the school's bike, under their own insurance, then think about insuring his own bike again once he's passed. Actually having a bike licence has got to make it cheaper, right? Sadly if you've called around and can't find a cheaper quote then it sounds like moped time...