The definitive motorcycle insurance thread

[AllanB]

New bike close on the horizon - time to shop around for insurance maybe as I have not reviewed it in 8 years. With Golightly but no claim ever made. I do hear good stuff from them though. Vero underwrite them I believe.

[Shaun Harris]

I did approx 2 years of Insurance repair work for a lot of customers through kiwibike insurance, and ALL of the companies were very easy to deal with, IF the Accident inspection report and costs were correct.

[baffa]

It should be noted that Star, Classic Cover and Protecta are not actually insurance companies.
They are underwriting agents, which essentially means that they sell their own version of of a particular insurers prooduct.
So looking at the financial strength rating of the insurer involved:

Star - Vero A+ Standard & Poors or Lumley (part of IAG) AA- Standard & Poors
Classic Cover - NZI (part of IAG) AA- Standard & Poors
Protecta - Allianz AA- Standard & Poors (technically an overseas based insurer).

Unless the financial strength rating is terrible, it will have no bearing on the ability to pay claims. It doesn't take into account things like reinsurance agreements the insurance companies hold. Ami went bankrupt after Christchurch for various reasons, and they weren't the only insurer either.

Also, I'd trust Youi as far as I can throw them.


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[johnnyrs]

Just my 2c, but crashed a bike last year which turned out to be a write off. Found Star to be excellent to deal with. No arguments, nice tone (obviously aware of the emotional impact a smash has) & very quick payout.

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[Bassmatt]

Thanks everyone. Star gets my money.

[Oscar]

Unless the financial strength rating is terrible, it will have no bearing on the ability to pay claims. It doesn't take into account things like reinsurance agreements the insurance companies hold. Ami went bankrupt after Christchurch for various reasons, and they weren't the only insurer either.

Also, I'd trust Youi as far as I can throw them.


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Reinsurance arrangements are only good if the premiums are up to date.
There are still claims held up in court for that very reason.
I would not insure with any company with a rating of less tha "A".

[Frodo]

Turns out that Protecta clarified that the reference to "motor vehicle" in the wording of my "motorcycle" policy does not include "motorcycles".
So for example, "motorcycles" are not replaced new in the first year. So I have some doubt as to what other bits apply only to cars in their motorcycle policy.

I now switched to Kiwibike who were more upfront about what was covered and not.

[p.dath]

Star insurance are good.

[Shaun Harris]

Turns out that Protecta clarified that the reference to "motor vehicle" in the wording of my "motorcycle" policy does not include "motorcycles".
So for example, "motorcycles" are not replaced new in the first year. So I have some doubt as to what other bits apply only to cars in their motorcycle policy.

I now switched to Kiwibike who were more upfront about what was covered and not.

Kiwibike is ALWAYS the BEST place to start, they genuiely care!

[5ive]

Star insurance are good.

Is that why you have not been to NASS for a while? (or so I heard)

[awa355]

I have seven bikes

You have seven bikes???? . That's disgusting

[stenly]

could anyone recommend the best full cover insurance for motorbike?

I experienced that not all insurance companies support all types of bike. So Ducati riders, could u share your experience?

[James Deuce]

Just ring Kiwibike.

http://www.kiwibike.co.nz/

[Gremlin]

Just ring Kiwibike.

http://www.kiwibike.co.nz/

Do we need to say any more?

[AllanB]

Golightly.

Very recent post on this subject somewhere.