Why bother with insurance?

[Grasshopperus]

Hi everyone,
I've noticed a lot of people on KB talking about the need for insurance but I'm curious about what the actual benefit is.
It seems to me that;
1. Bikes are cheaper than cars.
2. Bikes won't damage another vehicle as much as a car will.

Let's say, as a learner rider, I get a $2000 GN250. There doesn't seem to be much point in paying $500 a year and then having a $500 excess if I need to use it anyway. (I'm just guessing at the numbers here but I don't think they'd be that far off).

I'm not trying to be a troll, I'd just like to hear some compelling reasons.

I do see the wisdom in life insurance but I don't use vehicle insurance of any kind.

[speights_bud]

Because even with 3rd party cover you wont have to pay out for the $50,000 BMW that you've ploughed into and written off:sleep:
Oh and If you don't have at least 3rd party the other persons insurance company will RAPE YOU

[klingon]

Hi everyone,
I've noticed a lot of people on KB talking about the need for insurance but I'm curious about what the actual benefit is.
It seems to me that;
1. Bikes are cheaper than cars.
2. Bikes won't damage another vehicle as much as a car will.

Let's say, as a learner rider, I get a $2000 GN250. There doesn't seem to be much point in paying $500 a year and then having a $500 excess if I need to use it anyway. (I'm just guessing at the numbers here but I don't think they'd be that far off).

I'm not trying to be a troll, I'd just like to hear some compelling reasons.

I do see the wisdom in life insurance but I don't use vehicle insurance of any kind.

I have highlighted the major error in your logic. How much damage do you think a GN250 can do to a reasonably expensive car? Answer: LOTS! So you really do need third party insurance. And in my case I couldn't get third party on its own, it came as part of a comprehensive insurance package. So no matter how cheap your bike is, you still need insurance!

[PirateJafa]

Declare backruptcy.

Would probably work if you're a chap without too many commitments/assets etc. Although I can't recall the details off the top of my head.

Jafa takes not responsibility for loss of property, life or limbs as a result of this advice

[Big Dave]

Ahhh Gwasshopper, As the speights said. Maybe it's not worth insuring your vehicle - but get some 3rd Party cover for the bus that veered over the cliff to avoid hitting you.

[FJRider]

Because even with 3rd party cover you wont have to pay out for the $50,000 BMW that you've ploughed into and written off:sleep:
Oh and If you don't have at least 3rd party the other persons insurance company will RAPE YOU

What he said ... 3rd party is a good idea. Have you any idea what it may cost to get even a small gouge out of a Merc door that you could run into in a New World carpark ... ??

[monkeymcbean]

Well it covers 3rd party insurance, alot of people have expensive bikes, more expensive than there cars.

I'm insured as i bought a new bike for just under 10k, ive dropped it a couple of times which has caused a few minor scrapes lower down, not enough to bother claiming. It could get stolen, but im not in a high risk area.
So i don't no really why its insured, it just felt right at the time and until it devalues enough it will stay insured.

Its insured with 'swann' i just read in some thread recently they were being a little difficult paying out on a straight forward claim it seems!

But your right my 250 i had valued at $2000.00 was only insured for 3rd party.

[Grasshopperus]

I really dislike this type of argument. Using this logic you should be paying for volcano insurance, terrorism insurance, leaky home insurance, bad hair day insurance ad infinitum.

Wouldn't it be difficult to cause that much damage to a car while riding a smallish bike?
Also, if I caused that much damage I'd probably be dead :(

I do see your side of the argument though which is "at least get 3rd party dude!".

[steve_t]

Because even with 3rd party cover you wont have to pay out for the $50,000 BMW that you've ploughed into and written off:sleep:
Oh and If you don't have at least 3rd party the other persons insurance company will RAPE YOU

Yup. My brother's mate had a BMW 330M. Some dickface smashed the driver's window to grab the V1 radar detector. Retail of V1 $1400. Replacing the window $3000!! For a fricken window!! Imagine a replacement door or front/rear bumper that you've stoved in with your bike :buggerd:

[Molly]

Just to play Devil’s advocate: Insurance companies’ actuaries determine risk and calculate a premium accordingly with a margin for profit. Therefore, mathematically at least, that margin represents your potential saving if you choose not to have insurance. That said, I wouldn’t ride down the road for a bag of chips without being fully comp.

Never risk that which you can’t afford to lose.

[JimO]

I really dislike this type of argument. Using this logic you should be paying for volcano insurance, terrorism insurance, leaky home insurance, bad hair day insurance ad infinitum.

Wouldn't it be difficult to cause that much damage to a car while riding a smallish bike?
Also, if I caused that much damage I'd probably be dead :(

I do see your side of the argument though which is "at least get 3rd party dude!".

my son riding a nz 250 was hit by a old guy in a nissan bluebird, it was the old geezers fault the front guard/bonnet/bumper/grill headlight were munted on the car probably 4k worth of damage, you can risk it i wouldnt. My 2 week old hilux was clipped by a young feller at a comp stop, bent bumper no paint or glass damage $1500 for a new bumper

[caseye]

I really dislike this type of argument. Using this logic you should be paying for volcano insurance, terrorism insurance, leaky home insurance, bad hair day insurance ad infinitum.

Wouldn't it be difficult to cause that much damage to a car while riding a smallish bike?
Also, if I caused that much damage I'd probably be dead :(

I do see your side of the argument though which is "at least get 3rd party dude!".

3rd Party at least, oh and by the way volcano's don't hit other cars, you on the other hand could, through no fault of your own be forced to hit a car instead of a bus, or going over a cliff.
What are you going to do evaluate all possible options and hit the least expensive?
"Get a perm" insurance!

[Jonno.]

I have full insurance on a 150: 350 a year 150 excess (AMI).
I got it 3 days on my learners with only a car restricted.

I've seen it happen, friends who know better clip a merc and get done with tens of thousands of dollars resulting in parents selling their homes to pay for it.
Sad story, but then again it'll never happen to you :Punk:

[klingon]

I really dislike this type of argument. Using this logic you should be paying for volcano insurance, terrorism insurance, leaky home insurance, bad hair day insurance ad infinitum.

Wouldn't it be difficult to cause that much damage to a car while riding a smallish bike?
Also, if I caused that much damage I'd probably be dead :(

I do see your side of the argument though which is "at least get 3rd party dude!".

No, it wouldn't be hard at all to cause that kind of damage. I have fallen against a stationary car (knocked off the bike by a door being opened) and between my partner and I falling on the car we dented and/or scratched every panel on its left hand side and my partner broke the wing mirror with his head! The bike didn't even touch the car - it was just us!

I don't know how much the final bill came to, but the (uninsured) person who opened the door onto us probably got a bill of around $16,000 - $8k for damage to the bike and $8k for the car.

[Big Dave]

I really dislike this type of argument.

I hate being wrong too.

[Taz]

One day I'll get insurance...... Bought my last bike with what I saved on paying premiums.

[CookMySock]

If someone has a $100K BMW and they don't insure it, thats their business.

If I have a $40k bike and I don't insure it, thats my business.

Look after your own stuff, and let others' look after theirs. Ya rolls ya dice and ya pays ya money.

Steve

[centercore]

3rd party is the way to go if you have a shit bike its not even that expensive just lay off the cheese burgers each year.

Anyone seen the amount of careless drivers out there?. I would know I got hit by one. Get full comp if you don't wanna be completely fucked over, its worth it just don't go swann/iag they are shit.

[danchop]

ive gone 28 years of non insurance riding and driving with one loss and i wouldnt have got insurance for that accident anyway as i had a beer too many,its worth the risk and probably makes you a more aware driver

[Brett]

I really dislike this type of argument. Using this logic you should be paying for volcano insurance, terrorism insurance, leaky home insurance, bad hair day insurance ad infinitum.

Wouldn't it be difficult to cause that much damage to a car while riding a smallish bike?
Also, if I caused that much damage I'd probably be dead :(

I do see your side of the argument though which is "at least get 3rd party dude!".

So lets say you hit a brand new 7 Series BMW, or a Porsche or such even just enough to dent the door...do you have ANY idea how much you will have to pay to replace that door? Even just to get it repaired and repainted (remembering it is a prestige vehicle...now lets imagine you hit the front panel somewhere and set off the airbags...can you imagine THAT bill?

Or even tone it down a nudge, say you hit a 2006 VW Golf GTI, or anything that is just a few years old and say ruin the bonnet, a door and maybe damage the windscreen as you go skysurfing across it...even these bills will hurt you more than the crash did...

Lets say you go out on a group ride and you accidently hit another bike or run into another bike on the ride, say a 2009 CBR1000 and write it off, which happens very easily...you will be looking at a $25,000-$30K bill for that...Don't say it doesn't happen, I have seen many more than 1 noob rider do it.


Get 3rd party as a minimum...otherwise you may just end up crying like a little bitch.

[CookMySock]

So lets say you hit a brand new 7 Series BMW, or a Porsche or such even just enough to dent the door...If YOU owned that car, would YOU insure it? You would? So then whats the problem? You're covered! It doesn't have to be insured twice.


ive gone 28 years of non insurance riding [...] its worth the risk and probably makes you a more aware driverThis is the thing that people are ignoring. Who is the safer rider? Insured, or non-insured. Think about it.

Steve

[Katman]

If YOU owned that car, would YOU insure it? You would? So then whats the problem? You're covered! It doesn't have to be insured twice.



If you had a $1000 excess on your policy and someone else was to blame for the damage would you be happy to hand over that $1000.

[Coldrider]

If YOU owned that car, would YOU insure it? You would? So then whats the problem? You're covered! It doesn't have to be insured twice.

This is the thing that people are ignoring. Who is the safer rider? Insured, or non-insured. Think about it.

Steve
Why don't you apply that comment to your mate in a car door opened on me thread.
Shit happens even when being careful/considerate. Third party cover usually covers for several millon dollars, a car may not be all you damage.

[Katman]

Why don't you apply that comment to your mate in a car door opened on me thread.


I was going to use that as Exhibit A if DB tried to claim he would happily hand over the excess.

Truth is, I think he'd start screaming like a little bitch.

[PirateJafa]

If you had a $1000 excess on your policy and someone else was to blame for the damage would you be happy to hand over that $1000.

He also fails to realise that the other person's insurance company WILL come after him and ream him in the arse to the tune of the repairs they had to pay for to their client's car.

Actually I'm not even going to bother pointing out all the flaws in DangerousAdvice's arguments. I don't think my bandwidth would be sufficient.

[Big Dave]

If YOU owned that car, would YOU insure it? You would? So then whats the problem? You're covered! It doesn't have to be insured twice.


The car owner's insurance company will pursue the at fault party to recover costs all the way to Baycorp and Bailiffs.

[SMOKEU]

Don't get insurance. Then everyone will laugh at you because you will look like a complete tosser standing next to the $100,000 Audi that you have just crashed into and caused $20,000 of damage with no insurance.

[b1unt3d]

So it is pretty obvious that you can do a lot of damage with a bike to a car... but what about the amount of damage that can be done to a person? Hundreds of thousands of dollars in medical bills. What about yourself? If you get into an accident and you need thousands of dollars of medical aid, would you not want the insurance company to cover that?

[Coldrider]

Insurance premiums have an implied fire service levy as well.You won't have to worry about getting a bill from the boys in the red trucks either, usually $600 per truck just to turn up.

[klingon]

So it is pretty obvious that you can do a lot of damage with a bike to a car... but what about the amount of damage that can be done to a person? Hundreds of thousands of dollars in medical bills. What about yourself? If you get into an accident and you need thousands of dollars of medical aid, would you not want the insurance company to cover that?

It doesn't work like that in New Zealand. We have no-fault cover under the government Accident Compensation scheme (ACC). I think that's one of the reasons third party insurance isn't compulsory (unfortunately).

[dipshit]

The car owner's insurance company will pursue the at fault party to recover costs all the way to Baycorp and Bailiffs.

He's already got that one figured out though...

DangerousBastard "Right, any damage to anyone else ? Any liability ? If so, deny everything and refuse to discuss the accident with anyone. Disappear into the long grass, and say nothing. Fix your own bike with your own money, and let your sore knee mend itself etc. If anyone wants to knock on your door and talk about the incident, tell them they are at the wrong place. If the feds turn up, tell them u dunno jack about that, and shut the door and go back to what you were doing. Letter from some insurance company demanding payment? bew hew hew, chuck it in the bin. Life goes on. Dont FFS admit the whole thing to the feds in the hope things will be better.."


Bring on compulsory 3rd party i say. Too many losers and arseholes in NZ to not to.

[marine0089]

Heck my bikes only worth 4k and i have full insurance on it.

Can I afford $350/yr? Yes.

Can I afford $5k-10k damages if I crash uninsured? Maybe, but why would I want to give all my money away?

Can I afford $10k+ if I crash uninsured? Hell No!

Everyone's situations are different however and for me, I just wouldn't be able to afford paying the damages if I didn't have insurance. If someone has tens of thousands of dollars that they are happy to throw away on nothing then that might be a different story.

I think I'll take the $350 thanks.

[CookMySock]

Haha, boo fucken hoo. :cry::cry::cry::cry::cry:

Go tell your mommy on me. wahhhhhh.. LOL. Fags.

Steve

[dipshit]

Haha, boo fucken hoo. :cry::cry::cry::cry::cry:

Go tell your mommy on me. wahhhhhh.. LOL. Fags.

Or what if you run into somebody without insurance either? Would you just do a runner on them too and let them fix up their own vehicle out of their own pocket even if it was your fault?

[XxKiTtiExX]

Learnt my lesson about no insurance after almost parking my car in someones master bedroom. (No insurance = no drive/ride. Rule applies to my bike now also). I can afford 3rd party insurance, but I can't afford 100k worth of car and boat if I caused an accident. I'd rather spend 100k on my own home for my family than spend the next how ever long paying off 100k because of my own stupidity.

[Maki]

I read this thread and I am staggered by some people's ignorance. There are people out there, seemingly in droves who are too ignorant to safely live in a modern society and too stupid to learn the rules that apply. :mad:

If you prang a car and you are at fault and you have no insurance, then YOU will have to pay, that means YOU Dangerousbastard. The person who actually owns the car that you prang could care less, he will get payed. It is that person's INSURANCE company that do nasty things to your ass.

[CookMySock]

Or what if you run into somebody without insurance either? Would you just do a runner on them too and let them fix up their own vehicle out of their own pocket even if it was your fault?Think about it, fool. If I dont have insurance I suck money out of them. They try to suck money out of me I tell them to eff off.

I'll take what I can get. Don't like it? Shove it. :lol:

Steve

[BASS-TREBLE]

Just to share my little story.

August this year
GN250
70kmh, wet road
Car coming other way indicating to turn across my lane waits for me sothey can turn turn across my lane but at last minute decides togo for it, I mean LAST minute.
I cant brake hard in wet and hit their passangers side at 70k, bike stops when it hits car. I Get knocked out and fly at least 5 meters then wake up on ground.

Im in shock and cant think straight.
No witnesses.
THEY DID A RUNNER, all I saw was a fucking big dent in their car as they left.

Ring cops, turns up, he is the nicest guy but cant do much as I had 3rd party and we didnt know who they are so I have a written off GN in the garage which was worth 2500 and fucked gear.

I now have full insurance because I simpy can't afford to replace the FZR if such a thing happens again.

Imagine not seeing a car and hitting it. Even with a GN you will fuck up the whole side of a car, believe me. it still weights 200kg with you on it.

Get at least 3rd, full is even better.

[bucket boy]

I would be interested to know if people who have multiple expensive bikes and cars do you insure them all ? In my case what it would cost me to insure them all I could by a new r1 each year. Its all about if you are willing to take the risk. Insurance company are good at taking your money and boy when it comes to paying out they try and find a way out ,this is what I've come to believe with house dramas, but if you do decide to go that way you can't go moaning that some other uninsured owner has crashed into you !

[Dealer]

1. Bikes are cheaper than cars.


Who ever told you that?
Try buying panels for a fully faired bike.
Just a wing mirror on my busa is $175

$2000 bike, go 3rd party definately. After that its your choice whether to insure for full. My 250, i only had 3rd party on a $4000 bike.
But the busa is insured for full cover, and so far i've had $12,000 worth of claims, at a cost to me of $3200, including 3 years insurance.
Lucky i've got a no claims bonus for life.

[XxKiTtiExX]

Think about it, fool. If I dont have insurance I suck money out of them. They try to suck money out of me I tell them to eff off.

I'll take what I can get. Don't like it? Shove it. :lol:

Steve

If you own your own home I hope for your families sake its not in your name. Run your own business too? They'll "take what they can get" alright. :buggerd:

[Squiggles]

I reckon theft is alot more likely when its a bike (Doesnt matter if its a GN or a gixxer either)

[dipshit]

Think about it, fool. If I dont have insurance I suck money out of them. They try to suck money out of me I tell them to eff off.

I'll take what I can get. Don't like it? Shove it.

So if someone crashes into your bike (their fault) you would expect them to pay for your damage.

But if you crash into somebody else's vehicle (your fault) you would tell them to fuck off and not pay to fix their vehicle?

[aaronninja]

insurance is a must have if you get hit by someone else and they dont have insurance and you dont either then it can take months to get any money out of them i know this from experience, insurance companies take care of the matter pretty quickly, i bought gsx250 for $2300 and when i got hit by a car and it got ridden off i got $4500 for it.

[Maki]

So if someone crashes into your bike (their fault) you would expect them to pay for your damage.

But if you crash into somebody else's vehicle (your fault) you would tell them to fuck off and not pay to fix their vehicle?

You would if you are a dangerous bastard.

++++++++++++++++++++++++++++++++++++++++++

Whoever wrote that bikes are cheaper than cars is delusional. We have a bike and a car and the bike is worth AT LEAST 10 times more than the car. It also costs more to service, insure and register the bike. Oh, the bike uses slightly less gas but that is peanuts in the grand scheme of things.

[jetboy]

http://www.icnz.org.nz/consumer/purchasing.php

[dipshit]

You would if you are a dangerous bastard.

Or an fucking arrogant arsehole.

[Owl]

So lets say you hit a brand new 7 Series BMW, or a Porsche or such even just enough to dent the door...do you have ANY idea how much you will have to pay to replace that door? Even just to get it repaired and repainted (remembering it is a prestige vehicle...now lets imagine you hit the front panel somewhere and set off the airbags...can you imagine THAT bill?

Too bloody right Brett and to give you some idea of airbags: BMW X5 "door trim with airbags" $7000.:whistle:

That particular job totalled over $20,000 for a wheel, LF guard, LF door, door trim, panel and paint. Very minor really!

[CookMySock]

Or an fucking arrogant arsehole.BAHAHA. You see, now you are starting to get it. The world DOESN'T OWE YOU JACK SHIT BRO!


So if someone crashes into your bike (their fault) you would expect them to pay for your damage. But if you crash into somebody else's vehicle (your fault) you would tell them to fuck off and not pay to fix their vehicle?YES, and YES! LOL! Slowly, slowly you start to understand. Not what your mother told you to do is it. ;)


If you own your own home I hope for your families sake its not in your name. Run your own business too? They'll "take what they can get" alright. :buggerd:Grow up. The world is bigger and meaner than your perfect view of it. Like it or not, people in business, OR trading in houses, WILL take what is yours and fucking BANK IT and spend it on what they fucking like, and they will laugh at their good fortune, and at your loss, so SHARPEN UP.


I now have full insurance because I simpy can't afford to replace the FZR if such a thing happens again.THIS is good advice. I have precisely three things of this category, and insure them as well.

You will know what these things are, and you will know that they must be insured.

Listen, stop shooting the messenger and take a hint. Start taking what you can get, or at the very least notice that others are doing it to you, and stand up for your weak self. Society doesn't owe you shit so stop crying.

Steve

[Maki]

THIS is good advice. I have precisely three things of this category, and insure them as well.

You will know what these things are, and you will know that they must be insured.



Don't have a clue what those things are. One thing I do know is that your brain is not one of them.

[The Pastor]

Bring on compulsory 3rd party i say. Too many losers and arseholes in NZ to not to.

Sigh,

You sir are a class a moron, I wont go as far as to call you an idiot, it is clear that you suffer from "notthinkingbeforeyoupost syndrome"

Compulsory insurance - what is it going to achieve?

I'll tell you, on account of your moronism I'd wager that you wouldn't figure it out yourself.

What are the reasons people don't have insurance (we are talking about 3rd party only here, calm down)?

Declined by insurance
Can't afford insurance
are doing something illegal (no wof rego drinking etc)

Now if compulsory insurance was brought in, how exactly would it help? compulsory insurance companies are not going to pay out if the driver was doing something against the law.

So chances are the person who would currently not have insurance (AND NOT BE ABLE TO PAY) would be the same person who would drive/ride around without insurance if it were law.

So basically there is VERY LITTLE BENEFIT for having compulsory 3rd party.

So what are the bad points of new laws?

Firstly it'd be illegal for your mate to drive your car if you didn't get him on the list - doesn't sound so bad, but what happens if you for some unexpected reason cant drive and your mate has to come pick you up to take you home? Suddenly he is illegally driving.

Secondly, what happens when something traffic related becomes law? They introduce Tickets. Why would anyone obey a mindless law if there were no consequences? So if you were driving your mates car/bike for them and went through a checkpoint, hello demerits/fine.

Thirdly, you can fuck off trying to tell me how to live my life.

[YellowDog]

I really dislike this type of argument. Using this logic you should be paying for volcano insurance, terrorism insurance, leaky home insurance, bad hair day insurance ad infinitum.

Wouldn't it be difficult to cause that much damage to a car while riding a smallish bike?
Also, if I caused that much damage I'd probably be dead :(

I do see your side of the argument though which is "at least get 3rd party dude!".
Getting screwed is not nice. Without insurance, you may well get fucked beyond any recovery for the rest if your life.

Best not to risk it.

NZ is the only developed country I am aware of where insurance is not compulsory. I doubt if this will be the case for long.

Insurance will soon be part of the cost of owning a motor vehicle.

If you can't afford to insure it - you can't ride/drive it.

IMO - Good thing.

[dipshit]

I do know is that your brain is not one of them.

Remember he is one of these people that ride around with a HID headlight on high beam all day long because he doesn't give a flying fuck about anybody else. He's obviously a very arrogant and self-centred human.

[dipshit]

Compulsory insurance - what is it going to achieve?

All the losers and arseholes in NZ that keep doing stupid and dumb shit on our roads will price themselves out of insurance cover and be no longer able to be on the rods. Win win.

[HenryDorsetCase]

All the losers and arseholes in NZ that keep doing stupid and dumb shit on our roads will price themselves out of insurance cover and be no longer able to be on the rods. Win win.

they're the people who dont have registration or warrants and rack up thousands of $ in fines already: lack of insurance won't stop them doing the dumb shit they've always done. Contraceptives in the water to stop them breeding the next generation is the best bet.

[YellowDog]

And by the way, there are so many KB threads about stolen bikes and bikers losing their investments with no cash to buy another.

Having insurance would help to address this problem.

[dipshit]

they're the people who dont have registration or warrants and rack up thousands of $ in fines already: lack of insurance won't stop them doing the dumb shit they've always done.

Whatever. Losers digging themselves deeper and deeper into the shit works for me too.

:wait:

[Mom]

For all those people that dont have some form of 3rd party cover on their bikes, good luck to you! May you never have an accident and cause damage to someone elses property that is insured.

Sure they will get the damaged repaired, but I can assure you that their insurance company will not just pay the money out and not come looked for reimbursement.

Forget vehicle damage too here for a moment, your vehicle can do an immense amount of costly damage to just about anything it hits (so can your body btw). Best you have a personal liability policy (sometimes covered under your contents, but can be purchased seperately) for a very reasonable cost.

I would not allow my kids to drive anything without a 3rd party cover, that included no driving a mates vehicle either. Once they are big enough to not be legally my responsibility they can do what they will and take the consequences as a result. I would never consider selling my home to bail out one of my kids who got in the shit for no insurance.

Each to their own though. I have some comprehensive insurance cover on vehicles, I have some 3rd party cover too. Read into that what you will.

[lanci]

Why not insure drivers as well as cars? If you are actively driving then insurance is mandatory (random police checks to pick up).

i.e.) I am insured to drive anything for a premium of $X and excess is determined by vehicle involved in accident. So a V8 will cost me $600 excess and a 1.3L I4 will cost me $150 etc etc. If accidents are to be had, then your premiums go up and certain vehicles are off limit.

[Katman]

BAHAHA. You see, now you are starting to get it. The world DOESN'T OWE YOU JACK SHIT BRO!

YES, and YES! LOL! Slowly, slowly you start to understand. Not what your mother told you to do is it. ;)

Grow up. The world is bigger and meaner than your perfect view of it. Like it or not, people in business, OR trading in houses, WILL take what is yours and fucking BANK IT and spend it on what they fucking like, and they will laugh at their good fortune, and at your loss, so SHARPEN UP.

THIS is good advice. I have precisely three things of this category, and insure them as well.

You will know what these things are, and you will know that they must be insured.

Listen, stop shooting the messenger and take a hint. Start taking what you can get, or at the very least notice that others are doing it to you, and stand up for your weak self. Society doesn't owe you shit so stop crying.

Steve

You would be, without a doubt, the most morally repugnant twat to ever pollute this site.

[YellowDog]

Why not insure drivers as well as cars? If you are actively driving then insurance is mandatory (random police checks to pick up).

i.e.) I am insured to drive anything for a premium of $X and excess is determined by vehicle involved in accident. So a V8 will cost me $600 excess and a 1.3L I4 will cost me $150 etc etc. If accidents are to be had, then your premiums go up and certain vehicles are off limit.
This is a pretty good idea. If you own 5 bikes, one policy to allow you to ride them all (one at a time). The only thing here is what about theft from your garage?

Maybe the houshold policy could be adapted to cover this.

[CookMySock]

You would be, without a doubt, the most morally repugnant twat to ever pollute this site.Thank you mr goody-goody. There's more too where that came from.. the really dirty sort.. you know, the naughty-girlie sort too.. :lol:

Steve

[JimO]

Take this as a warning - keep the fuck away from my sister.

i would be more worried about your dog

[steve_t]

LOL at how quickly threads degenerate to personal attacks these days :girlfight::lol:

[XxKiTtiExX]

Grow up. The world is bigger and meaner than your perfect view of it. Like it or not, people in business, OR trading in houses, WILL take what is yours and fucking BANK IT and spend it on what they fucking like, and they will laugh at their good fortune, and at your loss, so SHARPEN UP.




You really are Dangerous ;)

[bsasuper]

Bike waiting at lights, lexus ls400 in front(this was 15yrs ago), car behind fails to stop and I get shunted into lexus, lexus insurance comes after me, $2000 damage and it was only a bumper.

[Brett]

If YOU owned that car, would YOU insure it? You would? So then whats the problem? You're covered! It doesn't have to be insured twice.

This is the thing that people are ignoring. Who is the safer rider? Insured, or non-insured. Think about it.

Steve

Nevermind that the insurance company will come after you, the perpetrator for repatriation of of monies......
Owner of car is covered, but uninsured party can end up having to pay costs still.

[Brett]

Haha, boo fucken hoo. :cry::cry::cry::cry::cry:

Go tell your mommy on me. wahhhhhh.. LOL. Fags.

Steve

Do you not comprehend the facts in this area or do you just not care Steve?I can think of many ways a biker can have an accident that would run them up a huge bill where the insurance company would come after them and get their money back...right up until the point of bankrupting them if need be...but then it isn't much concern of mine, I am insured so themost I have to risk is some drop kick who is not insured damaging my property and I have to pay an excess.

Don't try pedal bullshit here...

Edit....Steve, I don't know how you can approach something so unethically. I even finding myself able to agree with Katmans comments which I don't do all that often.

[DarkLord]

I have full insurance and wouldn't ride without it.

When I wrote my first bike off, the car it hit was extensively damaged, as well as $11,700 worth of damage to my bike. I was still paying it off, and now had finance owing, and no bike, but I at least got somewhat of a payout so I was able to get back on the road. If it wasn't for insurance, I would have had finance owing, no bike and a hefty bill for the poor bastard's car coming in the other direction.

So yeah. I wouldn't ride without it, if I were you. Regardless of what kind of bike you have or how much it is worth.

[bsasuper]

Its not just other vechicle's that get damaged, speed camera vans have been damaged with a bill of $100,000+

[The Pastor]

All the losers and arseholes in NZ that keep doing stupid and dumb shit on our roads will price themselves out of insurance cover and be no longer able to be on the rods. Win win.
you're an idiot, they will not be forced off the road by insurance. It simply wont happen, so by advocating 3rd party under law, the only thing you are going to achieve is making life way harder for the good people in nz, forgot to pay ur insurance? now you cant drive to work....

[bsasuper]

forget to pay insurance?, are these the same people who forget to pay rego, get a wof, forget where they live?

[short-circuit]

Take this as a warning - keep the fuck away from my sister.

She'll be safe from DB as long as she's over 14

[The Pastor]

forget to pay insurance?, are these the same people who forget to pay rego, get a wof, forget where they live?
alright mr got it made, what if you loose your job, should you then lose the right to drive?


why would anyone want an option for more tickets?

[rapid van cleef]

anyone that takes to the roads without insurance to cover damage to other people and their property should be shot. they do not deserve the right to be on any road. a motor vehicle whatever the power is a dangerous thing in the wrong set of circumstances. would you buy a 300K house and not insure it against loss due to fire/ etc? so we must take out insuance to cover other peoples loss if an accident or other incident causes missfortune to happen to another party on the roads. bring on compulsory 3rd party insurance. if someone crashed into me or my wife n kids without insurance, and caused our vehicles, or them harm, i would go to the ends of the earth to reap my revenge upon them! cant afford insurance?.tough shit.dont drive / ride

[b1unt3d]

alright mr got it made, what if you loose your job, should you then lose the right to drive?


newsflash, driving is a privilege, not a right.

[Brett]

newsflash, driving is a privilege, not a right.

Sorry RM...I agree with this.

[Drunken Monkey]

Always insured my cars because of the amount of time spent in them and, with more recent cars, their value. Never insured any one of the 5 bikes I had, saved a small fortune through some care and a lot of luck. It could have turned out bad, but it didn't, that's the game insurance is.

Some people wouldn't step out the door without it, but don't let them tell you what to do. Balance the risks and costs, look at your record, how many kms or hours you ride, what you ride and then make a choice. Not insuring isn't morally wrong, despite what some people are implying in this thread, but do be aware not having insurance may end up costing you a lot more than you bargained for.

[Drunken Monkey]

anyone that takes to the roads without insurance to cover damage to other people and their property should be shot. they do not deserve the right to be on any road. a motor vehicle whatever the power is a dangerous thing in the wrong set of circumstances. would you buy a 300K house and not insure it against loss due to fire/ etc? so we must take out insuance to cover other peoples loss if an accident or other incident causes missfortune to happen to another party on the roads. bring on compulsory 3rd party insurance. if someone crashed into me or my wife n kids without insurance, and caused our vehicles, or them harm, i would go to the ends of the earth to reap my revenge upon them! cant afford insurance?.tough shit.dont drive / ride

No, opinionated, nosey pricks like you should be shot.

And how the fuck is having accident insurance going to make your kids better off in an accident? You're a fucking retard.

[imdying]

Get in the loop... by the time you're ready for a bigger bike, you'll already have a 2 years no claims bonus, and thus your big bike will be far more economical to run.

[rapid van cleef]

so not having insurance helps how exactly?.oh my god.what a waste of time....

ah well ignorance is bliss

i shall leave you plebs that choice to use the roads without insurance to wallow in your insignificance

[The Pastor]

newsflash, driving is a privilege, not a right.


Sorry RM...I agree with this.

NEWSFLASH! Maybe you guys should visit your dictionary and look up the words you claim to know so much about.

A privilege, is by definition a right you receive with out earning or deserving it, it is beyond the reach of most people. It can be taken away for no reason at all.

For example, it is a privilege that kiwibiker exists for you to post your inane and ill thought out posts, Spankme Could take it down for no reason at all and it would no longer exist.

Your drivers license (and firearms license) is not a privilege, its a right. Once you have become qualified it is your right to be able to drive or ride a car or bike, as per your qualification (and also own firearms). No one can take take that right away from you. You can lose your right due to bad behavior and disobedience of the law.

For those reasons driving on the road is a right, and not a privilege.

You may now apologize to Kiwibiker on account of your ignorance and contempt for the motoring public at large.

Rm.

[DarkLord]

Get in the loop... by the time you're ready for a bigger bike, you'll already have a 2 years no claims bonus, and thus your big bike will be far more economical to run.

Unless you've written one off over that time... such as myself. :weep:

[Thani-B]

I didnt have a choice with mine. Mum wouldnt let me ride unless it was insured, and AMI didnt give me the choice of 3rd party or full, it was compulsory full. And yes I am talking about my GN250. Having it insured for 2 years has got me a pretty good quote for when I can afford my 650.

[Brett]

alright mr got it made, what if you loose your job, should you then lose the right to drive?


Everybody and their damn "rights"...


I will answer your with this....

If you can't afford to own a vehicle and keep it legal then you do NOT have the right to drive or ride.

[Grasshopperus]

Wow, there's plenty of opinions flying around this thread.

A couple of things;

Cars do cost a hell of a lot more than bikes. What is the newest R1 retailing for? $24000. Entry level peugeot's and VW Golfs cost far more than that. And you can't even get a porsche made this millennium for anywhere near $24K.

Making 3rd party insurance mandatory and prosecuting those who disobey the law is just going to make our already overburdened legal system even more bogged down. It will probably just create a bunch more criminals as someone else said earlier.

There have been some good comments about getting into the system to get a no-claims-bonus by the time I get a big bike but that's a cyclical argument; get insurance to get more insurance.

There are some people who are taking other people's refusal to get insurance as a personal insult. They are saying if you can't afford insurance (or just don't want to get it) then don't ride. Well that's ironic, the whole reason you get insurance in the first place is because you can't afford the risk. You can't afford to replace your bike, you can't afford to fix other peoples vehicles. Those are the reasons you get insurance. Well guess what, you can't afford to ride if you need insurance. Insurance companies don't get rich by paying out, what if you do drop your $20k bike and you don't get covered? Maybe you should've just got a $10k bike and kept that other $10k in case you really needed it.

Now, I'm not saying I can afford to crash into NZ's only Ferrari Enzo, and I'm not having a go at anyone, I think insurance in general has it's place; I have to insure my house while I'm paying off my mortgage, I wouldn't lend money to someone to buy an asset that could irrevocably disappear in a ball of fire. What I am saying is that it should be a choice. Personal responsibility is not exactly the flavor of the month but I shouldn't be forced to pay a private company for the right to use public property.

Also, how's this for an idea. If you do want to start meddling, limit personal liability on the roads to $10,000 per vehicle. The roads are built for the express purpose of public transportation. They're not built for enjoyment, they're not built so that people can showcase how rich they are and they're certainly not there to let people "express themselves". $10k will buy any type of road-going vehicle. A 2nd hand corolla with airbags can be had, plenty of bikes etc. If you want to blow $150,000 on a new BMW and you can't afford to replace it, then get insurance! But, you'll probably have to pay something like 10% of it's insurable value each year in premiums because now the insurance companies can only screw the other party for $10k.

Now that's a rant.

[paddy]

Just to play Devil’s advocate: Insurance companies’ actuaries determine risk and calculate a premium accordingly with a margin for profit. Therefore, mathematically at least, that margin represents your potential saving if you choose not to have insurance. That said, I wouldn’t ride down the road for a bag of chips without being fully comp.

Never risk that which you can’t afford to lose.

No, because that margin is calculated based on the risk across _ALL_ clients not just one. That's fundamentally how they make a profit. To expand that a little, risk is a measure of likelihood multiplied by consequence. Mathematically the likelihood probably stays constant (ignoring the varying client type and motorcycle type across an insurer's business); however, the consequence of paying out $1000 on a single claim is going to be considerably higher to an individual than to a insurer.

That said, everyone should have at least third party. I'm going to be pretty p**ssed if you ride into me without it! :-)

[paddy]

Now, I'm not saying I can afford to crash into NZ's only Ferrari Enzo,...

I can't afford to crash into Grandad's Datsun Cherry. Therefore I mitigate that risk by paying for 3rd party insurance. It's only around $16 each month and has the side effect of covering theft. On the other hand, my bike is only worth $4-5k so I haven't bothered with fully comprehensive insurance. I have another vehicle and for ME the premium doesn't justify the risk.

Having said all of that I have used the doesn't-affect-your-no-claims-bonus-even-on-a-third-party-plan window glass insurance twice on our vehicles. I haven't quite figured out why that one doesn't get exploited to the point of insurer's withdrawing the service, but I digress! :-)

[Pixie]

I really dislike this type of argument. Using this logic you should be paying for volcano insurance, terrorism insurance, leaky home insurance, bad hair day insurance ad infinitum.

Wouldn't it be difficult to cause that much damage to a car while riding a smallish bike?
Also, if I caused that much damage I'd probably be dead :(

I do see your side of the argument though which is "at least get 3rd party dude!".

You drop your little bike
It slides into the path of a Bugatti Veyron
You end up working to pay off $2,000,000 debt for the rest of your life.
You considered bankruptcy,but when it was explained that you may never get approved for a loan again,you thought better of it.

[Grasshopperus]

You drop your little bike
It slides into the path of a Bugatti Veyron
You end up working to pay off $2,000,000 debt for the rest of your life.


I see that NAC will cover up to $20million for 3rd part so I guess that'd be sweet.

But, do you think any insurance company is going to be on your side if they have to cough up that sort of money? They'll find any possible avenue to dodge out. They might hire some expert to find a problem with your bike that made the WOF invalid (and that makes your insurance invalid too).

Yeah, driving without insurance is a risk. But isn't riding more risky than driving a car too? ACC stats say you're 10 times more likely to be seriously injured if you have an accident on a bike. Shouldn't you drive your car everywhere then? Or do you accept that risk?

I know insurance has worked out good for some people but using fear to get people to blindly purchase insurance is a form of terrorism :shit:

Just to clarify, I would never leave someone high and dry if I caused damage to their vehicle, I'm just saying maybe it's OK to accept the risk, just like you all do when you ride your bikes.

[Rcktfsh]

One problem in regards to compulsory 3rd party is that Insurance companies presently only provide cover for vehicles, not riders/drivers. This would require someone who might have 2 or 3 bikes(not uncommon) and possibly a car as well to take out individual policies for each. What would make more sense is to be able to purchase insurance for the rider/driver as physically you can only operate 1 vehicles at a time. Also if you own more than 1 bike you may well do minimal mileage on some of them, yet be forced to take out insurance that doesn't recognise this. Personally I have 3rd party on my car but don't bother with my bikes, in 30 years riding I'v only once damaged another vehicle which from memory cost me $350 to have repaired a helluva lot less than the premiums would have. As for damage to my bikes, admittidly that has over time been a little more extensive, however i'm quite happy to ride a bike with the odd character mark. Part of the ridiculous cost of insurance that a minor slide whilst leaving the bike perfectly rideable can in the eyes of the insurance company make it a right off with the huge cost of oem parts.

[Hiflyer]

.....as physically you can only operate 1 vehicle at a time.....

That sounds like a challenge to me!

[YellowDog]

You can get driver policies, but generally these are for vehicles not owned by you.

I think that someone should suggest it as a damn good idea.

[Rcktfsh]

That sounds like a challenge to me!
I know I've tried and failed with spectacular success.

You can get driver policies, but generally these are for vehicles not owned by you.

I think that someone should suggest it as a damn good idea.

It does make sense as it is the rider/driver that causes the crash not the vehicle.

[mattian]

I didnt have a choice with mine. Mum wouldnt let me ride unless it was insured, and AMI didnt give me the choice of 3rd party or full, it was compulsory full. And yes I am talking about my GN250. Having it insured for 2 years has got me a pretty good quote for when I can afford my 650.

so, your mum knows about you riding a bike but your dad doesn't? how have you both managed to keep it a secret?

[Hahn]

AMI didnt give me the choice of 3rd party or full, it was compulsory full. And yes I am talking about my GN250. Having it insured for 2 years has got me a pretty good quote for when I can afford my 650.

I got a quote for insurance from AMI about a month ago. I think it was $35 a year for 3rd party. But they don't do 3rd party fire and theft...
If you can't afford full cover or don't require it, thats pretty bloody cheap.

[Rcktfsh]

I got a quote for insurance from AMI about a month ago. I think it was $35 a year for 3rd party. But they don't do 3rd party fire and theft...
If you can't afford full cover or don't require it, thats pretty bloody cheap.

That is cheap, will give them a try as the last qoute i had for 3rd part, fire & theft for one of my bikes was just shy of $900.00.

[naphazoline]

Hi everyone,
I've noticed a lot of people on KB talking about the need for insurance but I'm curious about what the actual benefit is.
It seems to me that;
1. Bikes are cheaper than cars.
2. Bikes won't damage another vehicle as much as a car will.

Let's say, as a learner rider, I get a $2000 GN250. There doesn't seem to be much point in paying $500 a year and then having a $500 excess if I need to use it anyway. (I'm just guessing at the numbers here but I don't think they'd be that far off).

I'm not trying to be a troll, I'd just like to hear some compelling reasons.

I do see the wisdom in life insurance but I don't use vehicle insurance of any kind.

Aside from the obvious,and stated third party reasons,if you buy a decent/expensive bike,that to me is reason enough to get it covered.

Considering a set of fairings might typically cost $2500+,and then some people pay their bikes off,so might not have the money to get their bike fixed in the case of an accident,let alone paying for another damaged vehicle.

Small price to pay.

[Owl]

That is cheap, will give them a try as the last qoute i had for 3rd part, fire & theft for one of my bikes was just shy of $900.00.

3rd party, fire & theft (for bikes) is usually dearer than comprehensive when available. My last 3rd party quote was back in 99 and was $8.50:laugh: