Insurance for the bike

[Boob Johnson]

Hey dudes & dudettes. I pick up my new bike on Tuesday & was wondering about insurance. I did a lil search of past topics etc but it turned out to be fruitless.

Soooo, what I would like to know is who's got what with who & of course, how much :yes:


Im a 34 year old male, bike is a 1988 Yamaha SR250. Will be stored in a lock up garage. So im half expecting it to be a reasonable price.

What are you currently paying in annual premium's & whats the cover etc.


Cheers for your help in advance :Punk:




ps: I did read the thread about state :sick:

[kiwifruit]

whoever you decide to go with give Tim (jetboy) the opportunity to give you a quote.... drop him a pm or call 0800 65 62 64

he's a good bugger who will do his very best for you (broker, john baker)

[trumpy]

Classic in Hamilton. A number of KB'ers have changed to them and saved heaps.
Did me a real sweet deal over the phone.

[Chisanga]

Also give Kiwibike a call 0800 629 523. www.kiwibike.co.nz

They are brokers and ended up with the best quote for me.

[Chisanga]

Classic in Hamilton. A number of KB'ers have changed to them and saved heaps.
Did me a real sweet deal over the phone.

Classic are no good unless you have had your FULL bike license for at least two years.

[Boob Johnson]

Wicked, cheers guys. Will give those a crack :ride:

[bell]

+1 for kiwibike.co.nz
Quite helpful when making claims too.

[ynot slow]

am with kiwibike as well they went for swann insurance,at time cheapest option but swann are bit iffy when bike is 20yrs old,mine was almost and they covered me,policy me as only rider,pick up and towage,even racedays if you let them know,all for $225 approx or about $25mth if going installments,they do helmet as well about $45yr for $500 replacement,value insured $3600,just check most out first it's buyers market so to speak.

[GSXRjohn]

But you have to be 30+:nono:

[klingon]

But you have to be 30+:nono:

BJ is 34 so he qualifies :)

[WickedOne]

Star Insurance are awesome as well.

[trumpy]

But you have to be 30+:nono:

No problem for me ...I'm an old fart. Sometimes it pays to be old. Nother ten or so years and I'll have that library pass, bus pass, cheap theatre tickets..........
Boob Johnson is 34 but may not qualify on the licence thing.

[Boob Johnson]

But you have to be 30+:nono:WOOT for middle age :drinknsin

[ravenfeeder]

Hey dudes & dudettes. I pick up my new bike on Tuesday & was wondering about insurance. I did a lil search of past topics etc but it turned out to be fruitless.

Soooo, what I would like to know is who's got what with who & of course, how much :yes:


Im a 34 year old male, bike is a 1988 Yamaha SR250. Will be stored in a lock up garage. So im half expecting it to be a reasonable price.

What are you currently paying in annual premium's & whats the cover etc.


Cheers for your help in advance :Punk:




ps: I did read the thread about state :sick:
Hey Boob
i rang up AMI as other insurance with them, for when i get my 250 and they stated would be about $450 per year and then would go down over $100 next year after having ridden for 12 months and having full licence. They stated that the highest risk time was the first 12 months hence the higher fee. Other option was third party which was like $45 for the year. That quote was for a bike valued around $3000.
By the way i am 40, but the age appeared irrelevant (heheh the way i like it) due to being on a learners licence. Think would be similar for all insurance. Hope that helps :)

[BAD DAD]

If your bike is 20 years old and not a "classic" or performance machine, is full insurance going to be worth it over the time span of your ownership? Maybe 3rd party might be more economical. I am no expert( on any subject whatsoever ) but realise that it can be hard to pay premiums for a few years on something that is devaluating fast and taking into account any excess etc.
Having said all that I am insured through Protecta and pay $653 per year which theoretically insures "full cover" for a bike worth about $9k. Dont know how that stax up with others.

[Boob Johnson]

Hey Boob
i rang up AMI as other insurance with them, for when i get my 250 and they stated would be about $450 per year and then would go down over $100 next year after having ridden for 12 months and having full licence. They stated that the highest risk time was the first 12 months hence the higher fee. Other option was third party which was like $45 for the year. That quote was for a bike valued around $3000.
By the way i am 40, but the age appeared irrelevant (heheh the way i like it) due to being on a learners licence. Think would be similar for all insurance. Hope that helps :)Yeah cheers for that mate. Im thinking along the lines of third party, mainly for theft.


If your bike is 20 years old and not a "classic" or performance machine, is full insurance going to be worth it over the time span of your ownership? Maybe 3rd party might be more economical. I am no expert( on any subject whatsoever ) but realise that it can be hard to pay premiums for a few years on something that is devaluating fast and taking into account any excess etc.
Having said all that I am insured through Protecta and pay $653 per year which theoretically insures "full cover" for a bike worth about $9k. Dont know how that stax up with others.Yeah as mentioned above, not that keen on paying for full insurance. Seems like a major waste of money in this price range of bike.

[Steam]

Im thinking along the lines of third party, mainly for theft.

Tell me, how would 3rd party insurance help you in case of theft?

[Boob Johnson]

Tell me, how would 3rd party insurance help you in case of theft?Are you suggesting theft isn't covered in 3rd party?

Last time I had 3rd party insurance it covered fire and theft (on a car)

[jetboy]

Are you suggesting theft isn't covered in 3rd party?

Last time I had 3rd party insurance it covered fire and theft (on a car)
Third Party Only cover does not cover your bike at all (unless you have an 'innocent party protection' or 'uninsured 3rd party protection' clause somewhere in your policy), it only covers your liability to any third party property you may damage.

Third Party Fire and Theft will cover your bike only if it is damaged by fire/theft or its stolen, along with the liability section.

[crazybigal]

your paying too much! you should be able to get at least $500 a year on 10k
call kiwibike 0800 629 253


If your bike is 20 years old and not a "classic" or performance machine, is full insurance going to be worth it over the time span of your ownership? Maybe 3rd party might be more economical. I am no expert( on any subject whatsoever ) but realise that it can be hard to pay premiums for a few years on something that is devaluating fast and taking into account any excess etc.
Having said all that I am insured through Protecta and pay $653 per year which theoretically insures "full cover" for a bike worth about $9k. Dont know how that stax up with others.

[kiwifruit]

your paying too much! you should be able to get at least $500 a year on 10k
call tim 0800 65 62 64


:yes: :sunny:

[bert_is_evil]

I'm with AMI and they have been great, I shopped around and their premiums were the cheapest at the time and I've never had a problem with a claim. Also have my contents with them and they have replaced several helmets and a couple of jackets under that policy, even let me hang onto them for a little while while I found replacements which was nice.

[YLWDUC]

+1 more for KiwiBike

Easy to deal with, only one rate for Nth Island, they accept your no claims bonus from car insurance(which is good for new riders like me!) and now since I've moved to auckland, a cheaper premium for my $6.5k bike than for my $5k car!

[Boob Johnson]

Third Party Only cover does not cover your bike at all (unless you have an 'innocent party protection' or 'uninsured 3rd party protection' clause somewhere in your policy), it only covers your liability to any third party property you may damage.

Third Party Fire and Theft will cover your bike only if it is damaged by fire/theft or its stolen, along with the liability section.Not sure if you read what I said properly but I said I would be happy with insurance for theft. 3rd party insurance covers that as far as im aware.

[jetboy]

Not sure if you read what I said properly but I said I would be happy with insurance for theft. 3rd party insurance covers that as far as im aware.
All I am saying is there are two types of "third party" covers available. Third Party Only will not cover you for theft, whereas Third Party, Fire and Theft will.

[phantom]

Insured my last two bikes through KiwiBike but haven't had to make a claim so cant comment on the service you get from the actual insurance company as KiwiBike is just a broker. They are pleasent and easy to deal with though

[magicfairy]

Something to think about before you opt for 3rd Party Fire and Theft only.

I have seen quite a few threads when bikers with only 3rd Party Fire and Theft have been taken out by an uninsured driver, who is at fault, (or even an insured one)
Because the bike isnt covered by comprehensive cover, it is up to the biker to pay a lawyer or try themselves to claim in court to get the damages from the uninsured driver (who will no doubt be on a benefit, driving a car that isn't registered or warranted and can only pay back at $10 a week) or try and convince the drivers insurer to pay out. No doubt the other insurer wil try and wriggle out saying "our client claims it is not his fault"

One big advantage of having full cover is that your insurance company will pay out and they will wear the cost / hassle of getting the money out of the "at fault" driver.

It is appalling that in this country 3rd Party cover is not required before you can put a vehicle on the road. Other countries do.

[sels1]

It is appalling that in this country 3rd Party cover is not required before you can put a vehicle on the road. Other countries do.
I agree - should be compulsory.

Despite having House/car/contents with AMI, (and otherwise very happy with their prices and service) they were still more expensive than going thru Kiwibiker Ins.

[jetboy]

Something to think about before you opt for 3rd Party Fire and Theft only.

I have seen quite a few threads when bikers with only 3rd Party Fire and Theft have been taken out by an uninsured driver, who is at fault, (or even an insured one)
Because the bike isnt covered by comprehensive cover, it is up to the biker to pay a lawyer or try themselves to claim in court to get the damages from the uninsured driver (who will no doubt be on a benefit, driving a car that isn't registered or warranted and can only pay back at $10 a week) or try and convince the drivers insurer to pay out. No doubt the other insurer wil try and wriggle out saying "our client claims it is not his fault"

One big advantage of having full cover is that your insurance company will pay out and they will wear the cost / hassle of getting the money out of the "at fault" driver.

It is appalling that in this country 3rd Party cover is not required before you can put a vehicle on the road. Other countries do.
This is where having a broker comes into play. We work for you, not the insurance company. At the brokerage where I work we have an in-house claims department who do all the running around for you. In the example above, if you only had Third Party Fire and Theft you could still call us and although we may not be able to handle the recovery on your behalf, we can certainly point you in the right direction and advise you on the best course of action.

Remember, as brokers we work for you - not the insurer.


EDIT: In several motorcycle policies there is an "uninsured third party" clause which, should you be taken out by an uninsured third party, will pay you a certain sum for any damage you may have.

If you want more info PM me and I'll be more than happy to help out :)

[mazz1972]

I can also recommend Kiwibike, they got me insurance for my 06 Sherpa through Swann Insurance.

The ONLY thing I wasn't happy with, which probably was just poor timing, was between the time I got the quote, and accepted the insurance, Kiwibike had changed over to an online (I assume between themselves and Swann Ins) and when they input all the details, the price was actually $150 more.

However it was still MUCH cheaper than other options I'd explored (ebike, star, AMI, etc, and I don't meet Classic's criteria yet!) so I took it. I think the total cost was $484 for the 06 Sherpa insured for $7K, but I also only had my learner licence. Now got my restricted and hoping it will go down substantially once I get my full. (They also insured my previous bike at the lowest rate too).

In checking out prices the first time round, I found many insurance companies will not insure a motorcycle unless you have other policies with them too (seems to apply to trailers also).

[mazz1972]

I can also recommend Kiwibike, they got me insurance for my 06 Sherpa through Swann Insurance.

The ONLY thing I wasn't happy with (which was just bad timing), was that between the time I got the quote and accepted the insurance, Kiwibike had just that very day changed over to an online system (between themselves and Swann Ins) and when they input all the details the price was actually $150 more and they could not honour the original quote.

However it was still MUCH cheaper than other options I'd explored (ebike, star, AMI, etc) so I took it. I think the total cost was $484 for the 06 Sherpa insured for $7K, but I also only had my learner licence at the time. Now got my restricted and hoping it will go down substantially once I get my full. (They also insured my previous bike at the lowest rate too).

In checking out prices the first time round, I found many insurance companies will not insure a motorcycle unless you have other policies with them too (seems to apply to trailers also).

Note that the bigger your excess the lower your premium usually us, so bear that in mind when making a selection to insure a cheapie bike.

[Edbear]

Got several quotes for the new bike. For $15,000, garaged.

Star $1,000
Kiwibike $800
State $800
Classic $650 incl Roadside Rescue $630 without
eBike $399 incl Roadside Resue

Interesting! Excesses fairly close as to make little difference.

[jetboy]

Got several quotes for the new bike. For $15,000, garaged.

Star $1,000
Kiwibike $800
State $800
Classic $650 incl Roadside Rescue $630 without
eBike $399 incl Roadside Resue

Interesting! Excesses fairly close as to make little difference.
Check your excess with ebike. I can guarantee you that their excesses are higher.

Flick me a PM if you want a quote from me.

[Roj]

Got several quotes for the new bike. For $15,000, garaged.

Star $1,000
Kiwibike $800
State $800
Classic $650 incl Roadside Rescue $630 without
eBike $399 incl Roadside Resue

Interesting! Excesses fairly close as to make little difference.

I use state, and even though I have all the rest of my insurance with them they get edgy about insuring a motorbike, but have had good service from them and a $150 excess

[Edbear]

I use state, and even though I have all the rest of my insurance with them they get edgy about insuring a motorbike, but have had good service from them and a $150 excess



We have all our insurance with State and contrary to some people's experiences we have always had the best of service and price from them. They won't do Roadside rescue on bikes, though. Haven't asked their excess, but as I initially insured the bike over the phone with them before picking it up, they are sending out the details, Meantime I'm shopping around.

[Scamp]

I haven't read all the threads, but when I got my insurance I found it hard because I was still on my Learners License. I ended up going with NAC (National Auto Club), they were about 2/3 the price of any other quote I could get.

[Boob Johnson]

All I am saying is there are two types of "third party" covers available. Third Party Only will not cover you for theft, whereas Third Party, Fire and Theft will.Roger that, sorry mate wasn't aware there were two dif types, was always under the impression that 3rd party was all of the above. Good to know, cheers :niceone:

[jetboy]

Roger that, sorry mate wasn't aware there were two dif types, was always under the impression that 3rd party was all of the above. Good to know, cheers :niceone:
Worries mate. Yeah there are two different types - as there are with cars.

[Boob Johnson]

Worries mate. Yeah there are two different types - as there are with cars.ya learn something new everyday (with a bit of luck) :innocent:

[Arthur]

I haven't read all the threads, but when I got my insurance I found it hard because I was still on my Learners License. I ended up going with NAC (National Auto Club), they were about 2/3 the price of any other quote I could get.

When I had my Bandit, I went with NAC as well. I insured it for $4800, my excess was $800 and the premiums were about $350. That was on a learner licence, no previous experience, under 25. The only other group who would insure me (I didn't have any other policies with other companies, so couldn't get just bike insurance) was Swann, and they wanted $950 in premiums. Oh yeah, the $350 premium I was paying, was for full comprehensive cover...