Insurance. Is there such a thing as a good deal?

[ColonelSponz]

I'm on my restricted and I ride a Honda CBR250R (J). I just got a letter from my insurance company advising me that it was nearly time to renew my cover. I'm currently with Vero but have no loyalties as such other than looking out for a good deal.

ANyone got any advise on a good place to go for an excellent deal (be there such a thing in that smouldering morass that is the insurance world) on insurance.

O, I'm looking for total cover btw.

Cheers guys!

p.s, if further info is required then just ask...I'm a bit lazy and have work in a few min so can't sit round typing stuff out.

[Mom]

I'm on my restricted and I ride a Honda CBR250R (J). I just got a letter from my insurance company advising me that it was nearly time to renew my cover. I'm currently with Vero but have no loyalties as such other than looking out for a good deal.

ANyone got any advise on a good place to go for an excellent deal (be there such a thing in that smouldering morass that is the insurance world) on insurance.

O, I'm looking for total cover btw.

Cheers guys!

p.s, if further info is required then just ask...I'm a bit lazy and have work in a few min so can't sit round typing stuff out.


Next time you log in mate, do a search on insurance, you will find no end of information about it, including some very strong recommendations about what company to use. I have to go and cook dinner so dont have time to do that for you and post the links!

[Coyote]

There's no such thing as a good insurance deal, just one that's cheaper than the rest :p

[Unit]

We're with Kiwibike, awesome people to deal with and cover things like unspecified riders etc.
Also John Baker has a good reputation. There are now bike specialist insurers, if vero is not one of these I suggest you shop around as its good to be with an insurer who understands motorcycling.

[James Deuce]

http://www.kiwibiker.co.nz/wiki/index.php/Insurance

[ColonelSponz]

thanks mum. I just keep on forgetting about the search bar thing.

[CookMySock]

There is no good "insurance" deal.

Insurance companies are a business. They must take more money than they pay out, or they would go broke. Overall, riders WILL pay more than they receive or else there wouldn't be an insurance industry.

If I fall off, I'm going to walk crooked for the rest of my life. If I fall off at high speed, someone else is gong to wipe my arse for the rest of my life. It's going to SUCK. A LOT.

Do the math. Don' fall off. No rocket science!

DB

[DingoZ]

Do the math. Don' fall off. No rocket science!

DB

Don't get that, can you guarantee that you or anyone else is not going to fall off, or be involved in an accident...?


And what happens if his/her bike gets stolen..?...Or they have an accident where someone else's property is damaged. Not only be paying for their bike repairs but the other persons property as well....

Insurance makes a lot of sense. I pay about $40 a month and am covered for everything. full replacement, theft, other property damage, tow/salvage, replacement vehicle if bike written off until new one gained...etc...the whole kit and kaboodle........ Would rather pay and have the security of all of it being there if needed than not have it, and need it..

[Japtwin]

No well chances are everyone will have an off with varying degrees of pain, sadness, cost but you have to way up the cost vs likliehood. D Bastard is correct all insurance companies will take more off the average policy holder than they pay out. Just as it is a gamble not to insure, so it is to insure, if you will be one of the ones making them a profit or not.
I've had no vehicle insurance for 8 years now so have a few grand in saved premiums on that side of the ledger. (well I would if I'd saved it)

[klyong82]

+1 Dave at Kiwibike...... www.kiwibike.co.nz

[Usarka]

Tony's Discount Insurance and Ranch Sliders - 98 Kolmar Road Papatoetoe (09) 262 1292. Can't be beat.

[Yanosh]

We're lucky here in NZ... Over in the UK you'd be paying around 5-10 times more for insurance! Even in Aus it's about 3 times more!

My R1 costs me under $400 here, which would cost over 1000 pounds in the UK... insurance is a bargain over here!

[Timati]

Anyone use StarInsurance?


Insurance makes a lot of sense. I pay about $40 a month and am covered for everything. full replacement, theft, other property damage, tow/salvage, replacement vehicle if bike written off until new one gained...etc...the whole kit and kaboodle........ Would rather pay and have the security of all of it being there if needed than not have it, and need it..

Which company do you use?

[Timati]

Any recommendations on insurance companies?

[Grumpy Gnomb]

star insurance has been mentioned a few times on here

[Timati]

They seem fairly expensive..considering DingoZ is paying $40 for comprehensive cover and hence my query...which company?

[Timati]

Clearly someone must have suggestions about insurance companies....

[Owl]

Clearly someone must have suggestions about insurance companies....

It depends on what you're after. I recently changed from Kiwibike to save nearly $300 per year. My policy is now underwritten by NAC which isn't quite as good as Star, but I'm saving heaps. You could try e-mailing Tracy at tracy@barstow.co.nz! She's very helpful and fast to respond, but she will need your details i.e. bike, licence, insurance and driving history. She will also go to bat for you if the worst happens. I hope that helps!

[Timati]

It depends on what you're after. I recently changed from Kiwibike to save nearly $300 per year. My policy is now underwritten by NAC which isn't quite as good as Star, but I'm saving heaps. You could try e-mailing Tracy at tracy@barstow.co.nz! She's very helpful and fast to respond, but she will need your details i.e. bike, licence, insurance and driving history. She will also go to bat for you if the worst happens. I hope that helps!

I want to get the best deal possible. At the moment I pay around $37 for third-party and was wondering if I can get comprehensive coverage for the same amount. Also if there was such a thing as a mechanical warranty.

[Squiggles]

Last time i got a quote from kiwibike it came back at about 4-5x the excess i currently have, and on par per year... I'll have to find out what i can get from star (but dunno if i want my bike auctioned on trademe if they write it off!)
Currently with AMI, TL costs around 600pa but excess is only $300, not bad for a under 21. GN's are $3/month 3rd party :lol:

[Timati]

Last time i got a quote from kiwibike it came back at about 4-5x the excess i currently have, and on par per year... I'll have to find out what i can get from star (but dunno if i want my bike auctioned on trademe if they write it off!)
Currently with AMI, TL costs around 600pa but excess is only $300, not bad for a under 21. GN's are $3/month 3rd party

Doesn't sound all that bad. Might check them out.

[motorbyclist]

currently got a reasonable deal with protecta, also covers me riding other bikes and fully licenced riders on mine:)

though last time the bill came they nearly doubled the premium and lowered the value of my bike! i called up and calmly explained i'd go somewhere else and take my no-claim record, 3 other insured family members and better-condition-than-it-was-12-months-ago bike with me if they felt the need to charge me so. they promptly returned me to the original premium and excess. increased the agreed value of my bike by $500 while i was at it too:cool:

just remember that they will always offer you a cheap deal to get you on the books, and the next year try to hike it up a bit



I've had no vehicle insurance for 8 years now so have a few grand in saved premiums on that side of the ledger. (well I would if I'd saved it)

and what if you cause an accident and can't afford to pay for the damage? then you've royally screwed some poor cunt because you decided you were better off not taking basic precautions, or if he has full cover his insurance screws you over instead. you may save money, but only until you actually need it.

ever since my first bike got written off by an unlicenced driver (while my brother was riding it too) i'm never riding with only third party again. VERY expensive mistake, for only $300 more i could've saved myself $3000 and several months of effort trying to get money out of the bitch of a driver, and then there was the effort of a 14 year old earning that $3000 in the first place! (ok to be fair dad paid half of it). rudest part was after 3 successful rulings in small claims she was never obligated to pay, yet the cops got $1500 worth of fines out of her and could afford the lawyers to follow it up.


so is it worth having? hell yes.
should you have it? your choice, but you'd better have third party lest you screw over someone else

[Timati]

Switching over to comprehensive as we speak...

[Timati]

Please add to the list of Insurance Companies that provide Motorbike insurance

StarInsurance
Kiwibike
AMI
Protecta

[vifferman]

Please add to the list of Insurance Companies that provide Motorbike insurance

StarInsurance
Kiwibike
AMI
Protecta
They're already on the wiki.

[vifferman]

Currently with AMI, TL costs around 600pa but excess is only $300, not bad for a under 21.
Dunno how you managed that - my premium recently came in (due next week) for $740, with a $1000 excess. :shit:
I contacted Tim at John Baker, and Donna at kiwibike, and now have a MUCH better policy through Star.
Kiwibike rocks! :niceone:

[Timati]

What's your definition of a
MUCH better policy policy?

[Owl]

What's your definition of a policy?

Insurance policy wording! It's the information you need to be able to compare insurance companies and tells you what you are and are not covered for!

[Matt_TG]

The 'policy' is the Contract you took out with the insurance co, based strictly on the 'Policy Wording'. Read it and understand it. Ask if you don't know what any part of it means. Don't say it's all 'fine print' and no one evers reads it. Most are written in plain English these days and there's nothing stopping you asking for clarification!

When you buy insurance you declare you have read and understood all conditions, but still people bleat about not being covered for certain things (gear, helmets, replacement cost etc etc) at claim time. You and your insurance company agree based on that wording what you will do if you claim, so it's important.

I'd be happy to answer questions about Insurance Policy interpretation or point you in the right direction.

[Ripperjon]

So long as they pay up when the shit hits the fan, any insurance is a good deal.

I went with Vero through Golightly. It was the cheapest by far (for me) if you factor in the excesses.

Google what it would cost you to insure your bike in the UK and you'll see that 90% of the policies available here look like a good deal.

[Edbear]

Vero is a good insurer, as is Lumley's. You could contact Derek at Tasman Insurance Brokers, tell him I recommended you, but personally I'm with Tim at John Baker, he does good deals for KB'rs. His log-on here is Jetboy, so PM him or email him at tim.bakkenes@jbinsurance.com

[vifferman]

What's your definition of a [MUCH better] policy?
- Knocked ~$200 off the premium.
- My gear and the pillion's are now covered for damage/replacement up to $2500 each
- Excess is half what it was with AMI.
- The two tickets I got last year didn't affect either the excess or the premium.

[CookMySock]

I've had no vehicle insurance for 8 years now so have a few grand in saved premiums on that side of the ledger. (well I would if I'd saved it)lemme guess - overall you are still ahead ? Uh huh. I thought so.

And for those who think it is immoral for me to not have third-party insurance, think again - would you rather ride hot with someone who is committed to no mistakes, or with someone who is not so careful coz hey! we're fully insured! Think really carefully about this. Actually, its not that complicated is it?

DB

[DingoZ]

They seem fairly expensive..considering DingoZ is paying $40 for comprehensive cover and hence my query...which company?

In answer to your query, sorry haven't looked at this thread for ages. Tower Insurance is the company I have mine with.

[Timati]

Cool, thanks. Will give them a shout.

[motorbyclist]

lemme guess - overall you are still ahead ? Uh huh. I thought so.

And for those who think it is immoral for me to not have third-party insurance, think again - would you rather ride hot with someone who is committed to no mistakes, or with someone who is not so careful coz hey! we're fully insured! Think really carefully about this. Actually, its not that complicated is it?

DB

i should hope for your own health and the well-being of other road users that you'd ride just as carefully with or without insurance...

insurance doesn't cover the hours spent on a bike, nor the loss of life/function.

it IS immoral for you to ride without 3rd party unless you have the cash to pay out.

but of course, now i've got full i couldn't really care less. i hear those insurance companies can be right bastards when they want money out of you;)

[mister.koz]

I know classiccover insurance quite well, from memory they use vero as underwriters, the staff there rock and i think they are quite competitive.

I just did an online quote request with them for me and my zxr250 with an L plate, i imagine thats going to sting!