Bike insurance sorted

[crusa]

I just got full insurance for My VRod and wifes sportster with Protecta with AA roadside assist for both bikes. now insured with a saving of over $600 ,All done on the phone,werent worried about speeding fines:sweatdrop.Now i can pay the REGO,s and it wont hurt so much

[p.dath]

Haha. Registration is kinda like insurance.

It covers you against the risk of being pulled over and getting a fine. :)

[Molly]

Can I ask how much it cost? Also, did you shop around? Just wondering if it was the best price you were offered. I'm with John Baker and really happy with their service. Did you get a quote from them, just out of interest?

[AD345]

I'm with Protecta and have the roadside assist as well. Just renewed last month to a nice 50% no-claims bonus which dropped it to $725

[IdunBrokdItAgin]

You do realise that the AA were a good part of the reason behind why your rego went up so much don't ya?

Most bikers are boycotting AA due to their anti-biking stance. try kiwibike or go-lightly - you may be surprised what you are quoted (they charge about 5% of insured value on average).

[AD345]

I can't speak for cruza but I didn't choose AA. They just sub-contract out their roadside assistance progam to other insurance companies.

It doesn't matter what insurance company you are with, they can choose to contract out to AA at any time for the roadside assistance (or not)

5% of the insured value would be twice what I am paying now...........

....sssssso, I think I'm all good

[Molly]

$725 is about $100 better than my last premium. Got the Harley insured for $22,000 (fully comp) but no roadside cover. Can I ask what value they're covering up to for that premium? Thanks.

[AD345]

$725 is about $100 better than my last premium. Got the Harley insured for $22,000 (fully comp) but no roadside cover. Can I ask what value they're covering up to for that premium? Thanks.

Full comprehensive cover, roadside assist as mentioned, bike value insured around $28K plus $7k mods and accessories

[Molly]

Full comprehensive cover, roadside assist as mentioned, bike value insured around $28K plus $7k mods and accessories

Shit. That's a good bloody deal. I'll make a mental note to speak to them next time around.

[AD345]

Shit. That's a good bloody deal. I'll make a mental note to speak to them next time around.

Yeah its not bad. Being realistic there's always going to be a gap between "insured" value and "market" value (they don't have an "agreed" value option AFAIK) but after talking with them about the mods and stuff I reckon I could walk out with around $25k from a write off.............

....assuming I could walk of course

[imdying]

Full comprehensive cover, roadside assist as mentioned, bike value insured around $28K plus $7k mods and accessories


Yeah its not bad. Being realistic there's always going to be a gap between "insured" value and "market" value (they don't have an "agreed" value option AFAIK) but after talking with them about the mods and stuff I reckon I could walk out with around $25k from a write off.............

....assuming I could walk of courseThe answer is possibly obvious, but if you've insured it for $28k+7k, but only expect to get $25k paid out, why pay the premium on $35k and not $25k? Or does it not work like that?

[crazyhorse]

I'm insured with Classic Cover and its about $470 per annum. And thats for the GSXR1000.......... best deal out there, I believe :done:

[Molly]

That sounds good too. Will certainly shop around a bit more next time. In fairness to John Baker though, they've been really good when I've had to claim (twice - neither my fault).

[AD345]

The answer is possibly obvious, but if you've insured it for $28k+7k, but only expect to get $25k paid out, why pay the premium on $35k and not $25k? Or does it not work like that?

Yeah it takes a bit of working around but I follow the advice of my sister who works in the industry.

Basically, if you dont insure for "agreed" value, which is an agreed amount that wil be paid out, then you are stuck with market value for payouts. When setting the insured value it pays to over insure a smidge cos the difference in premium is usually minimal and if your insured value is lower than market value at the time of the claim they will pay out on the lower value. The mods are "noted" on the insurance and may or may not have an impact on the market value at the time of the claim.

So Im insured for 28

there's a note of $7k of mods

payout would be 28k or market value - whichever is the lesser

make sense?

if I insure for 25k the premium drop would be bugger all (maybe $50) and it could cost me if the market value worked out in the final analysis to be closer to the $28k

[imdying]

Yup, makes sense, I thought you were paying a premium on 35k which seemed unusual if they weren't ever going to give that to you!

[Wezzzz]

Hey guys - I just confirmed my insurance through Jenna at Kiwi Bike Insurance Brokers today. I insured my 2006 VN1600 Mean Streak for $18,000. It's through PROTECTA and the annual premium is $456 with a $250 excess and Free AA Roadside Assist. Given that I paid Vero (David Golightly Scheme) just under $1000 last year with my renewal at $988 coming due in January 2010, I'm happy with the $500 + saving I've just made. All done over the phone on 0800 629 253. Jenna's email if you want to contact her is jenna.rowe@kiwibike.co.nz - I'm stoked I shopped around!

[Molly]

I need to make a note of that. That's a much better deal than I got.

[toddyz]

Gotta watch those protecta bastards, I insured my wee vt250 for $4500 agreed value 2 months later bike got stolen (who would want to steal one of those??!!) and they wanted to pay out $1800 cause thats what they thought it was worth. I had to go round bike shops and get quotes for market value these came back at $4000 but protecta only paid $2500 WANKERS!!

This was 15 or 20 years ago so may have changed their low life tendences but I'd still never touch them with a 10ft barge pole

[p.dath]

Gotta watch those protecta bastards, I insured my wee vt250 for $4500 agreed value 2 months later bike got stolen (who would want to steal one of those??!!) and they wanted to pay out $1800 cause thats what they thought it was worth. I had to go round bike shops and get quotes for market value these came back at $4000 but protecta only paid $2500 WANKERS!!

This was 15 or 20 years ago so may have changed their low life tendences but I'd still never touch them with a 10ft barge pole

In insurance policies I have been involved in, if your insure something for more than double or half its real value you risk the insurance being voided (aka, it looks like an insurance scam). I only ever looked at an agreed policy once, and there seemed to be so many holes I went back to a market value policy again.

If you insured it for $4500, and it got stolen 2 months later, surely you would have still had proff of the purchase?

[toddyz]

No I had it 14 months got it new re-insured after a year, the $4500 was what THEY told me it was worth so I insured it for that not thinking (I was a lot younger then)

[6ft5]

Hey guys - I just confirmed my insurance through Jenna at Kiwi Bike Insurance Brokers today. I insured my 2006 VN1600 Mean Streak for $18,000. It's through PROTECTA and the annual premium is $456 with a $250 excess and Free AA Roadside Assist. Given that I paid Vero (David Golightly Scheme) just under $1000 last year with my renewal at $988 coming due in January 2010, I'm happy with the $500 + saving I've just made. All done over the phone on 0800 629 253. Jenna's email if you want to contact her is jenna.rowe@kiwibike.co.nz - I'm stoked I shopped around!

Thanks for that WAZZZ, I have contacted Jenna to see what she can do for my HD, currently pay $92/mth for an insurance value of $22k

[6ft5]

Hey guys - I just confirmed my insurance through Jenna at Kiwi Bike Insurance Brokers today. I insured my 2006 VN1600 Mean Streak for $18,000. It's through PROTECTA and the annual premium is $456 with a $250 excess and Free AA Roadside Assist. Given that I paid Vero (David Golightly Scheme) just under $1000 last year with my renewal at $988 coming due in January 2010, I'm happy with the $500 + saving I've just made. All done over the phone on 0800 629 253. Jenna's email if you want to contact her is jenna.rowe@kiwibike.co.nz - I'm stoked I shopped around!


Gotta watch those protecta bastards, I insured my wee vt250 for $4500 agreed value 2 months later bike got stolen (who would want to steal one of those??!!) and they wanted to pay out $1800 cause thats what they thought it was worth. I had to go round bike shops and get quotes for market value these came back at $4000 but protecta only paid $2500 WANKERS!!

This was 15 or 20 years ago so may have changed their low life tendences but I'd still never touch them with a 10ft barge pole

Heya Toddyz, I was involved in a crash with my Triumph about 2 years ago and totalled the bike. Wasn't my fault. I had the bike for less than a year and had bought it for $15k. PROTECTA took less than 3 weeks to fully pay the $15k after i had done over 12000km, can't complain about that!

[BoristheBiter]

Just got a qoute from Protector and they are trying to charge me $1234 for my bike. I am only paying 875 from State , and they have said i am insured for track days as long is it is for training.

[6ft5]

Just got a qoute from Protector and they are trying to charge me $1234 for my bike. I am only paying 875 from State , and they have said i am insured for track days as long is it is for training.

Got my quote back from Jenna, and with Vero I pay $950/yr and with Protecta $557/yr + I get AA Roadside Assistance thrown in !!

Thanks Jenna will call you next week

[6ft5]

Got my quote back from Jenna, and with Vero I pay $950/yr and with Protecta $557/yr + I get AA Roadside Assistance thrown in !!

Thanks Jenna will call you next week

Done it saving myself a couple of hundies to pay for my upcoming rego

[hayd3n]

Just got a qoute from Protector and they are trying to charge me $1234 for my bike. I am only paying 875 from State , and they have said i am insured for track days as long is it is for training.did you go through a broker?

[BoristheBiter]

did you go through a broker?

No went direct. they first quoted over $1600 and when i said WTF they dropped it to $1234.
i have a 65% no claims and they still come back with that nearly double. road side rescure is worth that much, and you only get 3 free a year.
Guess i will be staying with state.

[Dustydog]

Got any contact details? Just got bike insured with State but major drama. Need a new providor.

[WRT]

Got any contact details? Just got bike insured with State but major drama. Need a new providor.

www.protecta.co.nz

0800 435 7868