Insurance: Top Gear

[merv]

Last night Jezza was raving on about the Euro cars - Peugeots and Renaults and the like, and besides saying how much crap they were , he said some of them came with free insurance in Pomgolia which allowed all the young dudes of the world to buy one and then get into the boy racer scene.

Now have I missed something, or has that sort of deal ever been offered in NZ, especially with bikes? We have many people ask on this forum about cost of insurance etc but I have never heard anyone say "buy bike X and they will chuck in insurance with it", nor any mention of car deals similarly.

[Devil]

Last night Jezza was raving on about the Euro cars - Peugeots and Renaults and the like, and besides saying how much crap they were , he said some of them came with free insurance in Pomgolia which allowed all the young dudes of the world to buy one and then get into the boy racer scene.

Now have I missed something, or has that sort of deal ever been offered in NZ, especially with bikes? We have many people ask on this forum about cost of insurance etc but I have never heard anyone say "buy bike X and they will chuck in insurance with it", nor any mention of car deals similarly.
No they havent offered that in NZ. One difference is over there insurance is compulsory.

[StoneChucker]

No they havent offered that in NZ. One difference is over there insurance is compulsory.
And so it should be here too...

[Devil]

Do you know if its full insurance thats compulsory, or is it just third party minimum?

[rodgerd]

And so it should be here too...

Disagree. In countries where it's compulsory, it becomes a phenominally expensive rort for the insurance companies. It's a license for companies to hoover out my bank account.

[Cajun]

only thing cars come free with her is serviceing for first 3 years(mother in laws mazda 6) i believe some of the more expensive bikes should at least come with a couple of free services,

[Posh Tourer :P]

Do you know if its full insurance thats compulsory, or is it just third party minimum?

Third party only compulsory


Rogerd: It may be a rort but I hear if you switch every year, companies are desparate to get you on board....mmm cheapness

[Oscar]

Disagree. In countries where it's compulsory, it becomes a phenominally expensive rort for the insurance companies. It's a license for companies to hoover out my bank account.


Bzzzt. Wrong.

If anyone tries to introduce it here, it'll be opposed by most insurance companies. Motor vehicle insurance is treated by most underwriters as a "loss leader", a way to get your (more profitable) house and contents insurance.

[rodgerd]

Third party only compulsory


Rogerd: It may be a rort but I hear if you switch every year, companies are desparate to get you on board....mmm cheapness

It's one *hell* of a rort. Insurance cost me literally ten times what in did in the New Zealand when I was in the UK.

[FROSTY]

keep in mind though guys--insurance IS compulsary when ya finance a bike.

[avgas]

Cos my friend got his bike ripped off and he didnt have insurance so he was still paying for an invisible bike. So no, insurance is not compulsory - well not through red baron any hows

[avgas]

No they havent offered that in NZ. One difference is over there insurance is compulsory.
i bought my old RG150 with 1 years free insurance. Also i remember Yamaha doin an free insurance deal too
I gave up on insurance when they failed 3 times to pay out - turns out its my fault if i ride a motorbike :(

[Blakamin]

Bzzzt. Wrong.

If anyone tries to introduce it here, it'll be opposed by most insurance companies. Motor vehicle insurance is treated by most underwriters as a "loss leader", a way to get your (more profitable) house and contents insurance.
A certain insurance company wouldnt insure my Duc unless I had all my shit with them... including cage... when i said "i dont have one" the said they couldn't help me..... :finger: AM(last letter has been changed to protect the guilty)

[The Pastor]

Is it AMZ? I had the same problem with them.

[Coldkiwi]

plenty of insurance companies won't do bikes only here. I only found a handful that I contacted that would do a bike (State, Protector and another smaller company).

as for getting free services with a new bike... maybe... but consider what sort of value we're getting in the first place and its not so bad. How much would a new 10 second 1/4 mile capable car set you back? A fair sight more than the 22,000 you'll pay for a new R1, ZX10, GSXR1000 or CBR1000!

[Cajun]

plenty of insurance companies won't do bikes only here. I only found a handful that I contacted that would do a bike (State, Protector and another smaller company).

as for getting free services with a new bike... maybe... but consider what sort of value we're getting in the first place and its not so bad. How much would a new 10 second 1/4 mile capable car set you back? A fair sight more than the 22,000 you'll pay for a new R1, ZX10, GSXR1000 or CBR1000!
you also have to take in account they use alot more parts in a car, so higher price, but i don't like you buy a brand new bike, then gotta do ya 1000km service, they normally not to bad price(should be free, cause its basically a check to make sure there workman ship is correct) and then they try ripping you off, like a honda dealer in hamilton with my wifes vtr1000f, brought there, had 1000km service there, ring about 5000km service they wanted to charge us $200 for the service, and well, nothing needed changing, no oil/filter plugs nothing, it was just a go over check bolts. This bike we had planned to return for all services, i was also at the time looking at buying a bike from them. on this basis told them to stick it up there ass, got it serviced here for $50(+ oil & filter($50) cause i decided to change it at this service)