Ducati Insurance

jonzi · 10-01-2014, 05:02 PM

Just got a quote from Ducati Insurance

£495!!

I am amazed and happy, considering I paid around £2000 with swinton.

How can there be such differences between companies?

Funkatronic · 10-01-2014, 06:24 PM

yay, more cash for trackdays :-)

buzzbomb · 10-01-2014, 07:34 PM

The difference is that Ducati Insurance is managed by a ducati owner who under stands what a load of nutters we ducati fans are.

I noticed in another thread someone had posted that Ducati Insurance would only pay for stock parts rather than the after market that had been damaged BUT in alot of cases its cheaper to replace the after market stuff as its cheaper than the OEM parts.

Funkatronic · 10-01-2014, 07:41 PM

yes thats true, but in the event the bike is nicked they wont cover the extras unless you pay extra to cover it

MerlinPV12 · 10-01-2014, 08:14 PM

Buzzbomb, that was me on the other thread re the parts replacement - I guess its the "bling" they are not prepared to replace, termi's for my bike all in are £1200 list, stock is about £150 I think, Rizoma turn indicators £147 vs about £50 but I take your point on general bits. I asked Ducati Insurance how come they were so much cheaper than all my other quotes, they said Ducati want you to ride thier bikes, i.e. not a Honda. Sort of makes sense.... Great result jonzi, doubt mine will be as low as that on renewal!

10-01-2014, 08:18 PM

I'll be calling them in May for sure!

buzzbomb · 10-01-2014, 08:45 PM

Merlin you say that you think OEM cans are approx 150 well I think you'll find out that they're alot more than that, tomorrow I'm delivering a panigale but if I get back in time I'll find the current cost of a pair of stock cans for an 1100EVO monster.

I've been riding 56years, 54 years legally and have insured with a lot of different companies and to be honest I find buying my insurance from Nick at Ducati Insurance to give me the most confidence as he knows the business...

Ho and I have to admit to being a friend of Nick but that don't reduce my premium I'm sad to say...

10-01-2014, 10:29 PM

Let's put it this way: When I stacked my Monster 696 in September I mildly grazed the end of the right stock can. Despite minimal damage, the insurance company wanted to replace it. I was advised by the garage that for a small sum more I could have a COMPLETE CARBON TERMI RACING SET. And by small sum I mean less than £200. Yes. That's right. A complete carbon termi racing set is less than £200 more than a single right OEM can.

buzzbomb · 10-01-2014, 11:08 PM

Stephen thats exactly were I was coming from, I've seen repair bills that would make your eyes water just for OEM parts.

Lets face it most of us replace the exhaust systems and I think the insurance companies know this and as you've found out OEM parts can be rather costly compared to some of the more exotic systems.

slob · 11-01-2014, 07:47 AM

I've always submitted a full written list of modifications to make sure there's no dispute (of the "your insurance is void" type) in the event of a claim. One bike is insured as 'replace with OEM', the other has an agreed accessories amount on top of book value,

Nickj · 11-01-2014, 10:40 AM

Any post accident assessment is costed against stock parts unless that item is declared and been accepted as a part of the 'risk'
The cost of repair is usually based on the quote that a dealer/repairer submits which is what the insurance company will pay out. If you want to top up then the repairers take money from you or if the repairs are cheaper with non-oem they take the 'spare'

11-01-2014, 04:24 PM

Yup, this is what happened to me.

buzzbomb · 11-01-2014, 06:36 PM

Well I asked at the store the cost of OEM cans for a 696 monster and the answer was that it would be cheaper to fit termi's + ECU and filter as opposed to a new pair of standard cans.

cactus · 11-01-2014, 08:07 PM

You were paying £2000 !! bl**dy h*ll.

12-01-2014, 12:08 AM

Every year I call around I find Ducati Insurance come back the most expensive!!

Maybe I'm not call the right one??

10-01-2014, 05:02 PM	#1
jonzi Mary Mary Quite Contrary Join Date: Mar 2012 Location: Berkhamsted Bike: M796 Posts: 1,398	Ducati Insurance Just got a quote from Ducati Insurance £495!! I am amazed and happy, considering I paid around £2000 with swinton. How can there be such differences between companies? __________________ #48

10-01-2014, 08:14 PM	#5
MerlinPV12 Registered User Join Date: Oct 2013 Location: London Bike: M1100evo Posts: 231	Buzzbomb, that was me on the other thread re the parts replacement - I guess its the "bling" they are not prepared to replace, termi's for my bike all in are £1200 list, stock is about £150 I think, Rizoma turn indicators £147 vs about £50 but I take your point on general bits. I asked Ducati Insurance how come they were so much cheaper than all my other quotes, they said Ducati want you to ride thier bikes, i.e. not a Honda. Sort of makes sense.... Great result jonzi, doubt mine will be as low as that on renewal! __________________ Traa-dy-liooar

11-01-2014, 10:40 AM	#11
Nickj Too much time on my hands member Join Date: Jun 2007 Location: Forest Of Dean Bike: S2r Posts: 3,208	Any post accident assessment is costed against stock parts unless that item is declared and been accepted as a part of the 'risk' The cost of repair is usually based on the quote that a dealer/repairer submits which is what the insurance company will pay out. If you want to top up then the repairers take money from you or if the repairs are cheaper with non-oem they take the 'spare' __________________ "The final measure of any rider's skill is the inverse ratio of his preferred Traveling Speed to the number of bad scars on his body." Song of the sausage creature

10-01-2014, 06:24 PM	#2
Funkatronic another year another bike Join Date: Jul 2008 Location: London Bike: S2r 1000 Posts: 1,597	yay, more cash for trackdays :-)

10-01-2014, 07:34 PM	#3
buzzbomb Gold Member Join Date: Mar 2009 Location: widnes Bike: M1100s Posts: 780	The difference is that Ducati Insurance is managed by a ducati owner who under stands what a load of nutters we ducati fans are. I noticed in another thread someone had posted that Ducati Insurance would only pay for stock parts rather than the after market that had been damaged BUT in alot of cases its cheaper to replace the after market stuff as its cheaper than the OEM parts.

10-01-2014, 07:41 PM	#4
Funkatronic another year another bike Join Date: Jul 2008 Location: London Bike: S2r 1000 Posts: 1,597	yes thats true, but in the event the bike is nicked they wont cover the extras unless you pay extra to cover it

10-01-2014, 08:18 PM	#6
turbohobbit Guest Posts: n/a	I'll be calling them in May for sure!

10-01-2014, 08:45 PM	#7
buzzbomb Gold Member Join Date: Mar 2009 Location: widnes Bike: M1100s Posts: 780	Merlin you say that you think OEM cans are approx 150 well I think you'll find out that they're alot more than that, tomorrow I'm delivering a panigale but if I get back in time I'll find the current cost of a pair of stock cans for an 1100EVO monster. I've been riding 56years, 54 years legally and have insured with a lot of different companies and to be honest I find buying my insurance from Nick at Ducati Insurance to give me the most confidence as he knows the business... Ho and I have to admit to being a friend of Nick but that don't reduce my premium I'm sad to say...

10-01-2014, 10:29 PM	#8
turbohobbit Guest Posts: n/a	Let's put it this way: When I stacked my Monster 696 in September I mildly grazed the end of the right stock can. Despite minimal damage, the insurance company wanted to replace it. I was advised by the garage that for a small sum more I could have a COMPLETE CARBON TERMI RACING SET. And by small sum I mean less than £200. Yes. That's right. A complete carbon termi racing set is less than £200 more than a single right OEM can.

10-01-2014, 11:08 PM	#9
buzzbomb Gold Member Join Date: Mar 2009 Location: widnes Bike: M1100s Posts: 780	Stephen thats exactly were I was coming from, I've seen repair bills that would make your eyes water just for OEM parts. Lets face it most of us replace the exhaust systems and I think the insurance companies know this and as you've found out OEM parts can be rather costly compared to some of the more exotic systems.

11-01-2014, 07:47 AM	#10
slob . Join Date: Jul 2003 Location: East London Bike: Multiple Monsters Posts: 9,736	I've always submitted a full written list of modifications to make sure there's no dispute (of the "your insurance is void" type) in the event of a claim. One bike is insured as 'replace with OEM', the other has an agreed accessories amount on top of book value,

11-01-2014, 04:24 PM	#12
turbohobbit Guest Posts: n/a	Yup, this is what happened to me.

11-01-2014, 06:36 PM	#13
buzzbomb Gold Member Join Date: Mar 2009 Location: widnes Bike: M1100s Posts: 780	Well I asked at the store the cost of OEM cans for a 696 monster and the answer was that it would be cheaper to fit termi's + ECU and filter as opposed to a new pair of standard cans.

11-01-2014, 08:07 PM	#14
cactus Registered User Join Date: Jul 2011 Location: Dundee Bike: M900ie Posts: 299	You were paying £2000 !! bl*dy hll.

12-01-2014, 12:08 AM	#15
pegboy Guest Posts: n/a	Every year I call around I find Ducati Insurance come back the most expensive!! Maybe I'm not call the right one??