Average insurance cost? [Archive]

StatX

8th January 2009, 19:27

The Baron

8th January 2009, 19:32

Hi Statx. I have three bikes and insurance seems to be on value and licence that you hold. These may help.
Bike $17k About $800
Bike 8k $500
Bike 6K $360
There will be different prices per company, so ring around. Welcome to KB

StatX

8th January 2009, 19:41

Big Zappa

8th January 2009, 19:43

I was just wondering what people got for their insurance quotes, so I can judge where I'm standing...

I'm a noob, bwahaha! I've got a 1993 Honda CB250, Learners and I'm under 21. So I was curious to compare what others were quoted/are paying for Comprehensive.

First Post, Yaaaay!

- S

Hey hey!

I got my '84 CB250N insured for full cover with AMI after a month on my learners (I'm 23) and I was paying $32/month. I have my contents with them so I think I got about $5/month off too. They sent me a thing with their annual insurance policy update and they dropped it down to $20/month now.

So bottom line, its sfa for insurance for an old 250 :sunny:

Going Postal

9th January 2009, 18:00

Thanks for the welcome :) I was quoted $330 by State, which I think is pretty reasonable for an L-Plater with no official experience.

It's only for 2k though, but most places in Australia wouldn't even Insure you...Excess is pretty heavy though xD

Heh, try my my premiums. $1084 a year (insured for 7.5k).
But keep in mind I'm a convicted drunk driver (only three years to go before I don't have to declare) and under 25.

Anarkist

9th January 2009, 18:25

Have a look at insurance through the Honda Riders Club (http://www.hondaridersclub.co.nz/Page.asp?pageid=173). They go through Vero insurance in the end.

I just insured my VTR250Y for $4500 comprehensive for $300 a year.

I'm on a learner license, and I have a rather questionable history as well.
All seem to go through without issue, however I was entirely upfront and all previous charges were from a car.

Taken from email correspondence:

Standard Premium for $4,500 cover is $250.00 but I suspect this will be loaded by 20% taking it to $300 for the first year. Excess is $250.00 plus $300.00 for being under 25 so total excess is $550.00. This is comprehensive cover and includes an allowance of up to $5000.00 for your gear - helmet, boots .etc and also $1000 for accessories and $1000 for keys and locks.

Rych

10th January 2009, 10:03

I think State is a very decent insurance company and I have always had good quotes from them on cars.

My current bike which is my first, a Kawasaki ZXR 250 costs $6,500, I am paying $341 for full cover. I'm on my learners and under 25.

Paris

10th January 2009, 15:09

Hey, just insured through Kiwibike brokers with Lumley for around $420 a year fully comp with $500 excess, AA were slow as to get back to me and a couple of other cheaper cos wouldn't insure a learner. Like all insurance, check the wording... I'm new on the bike.... great idea for a thread! :rockon:

s_devo

10th January 2009, 16:44

I couldn't get insurance for my 2004 GSX 250 on my learners and I'm over 25.

I suspect the lady in the Philipines on the phone didn't know anything at all about the graduated license system here, as she seemed to think it was illegal to ride anything over 50 cc on a learner's licence???

I tried to explain that was if you had a car licence but I don't think I succeeded.

I've heard State are good and reasonable.

I'm very interested to hear if anyone else is insured with the AA.

StatX

10th January 2009, 16:51

I'm very interested to hear if anyone else is insured with the AA.

o.o;; I couldn't find out if AA even insured Bikes... Their website is crap...

s_devo

10th January 2009, 17:06

Their website is crap...

Oh yeah totally agree - Im still waiting for a response from the website online quote form I filled in.

I called to renew my car insurance and wanted to add the bike on too, but the lady said no go!

Icemaestro

10th January 2009, 17:38

NAC insurance comprehensive for an 83' cbx250rs under 21 learners licence at $232 all up :-)

Road Guardian

11th January 2009, 18:35

Thanks for the welcome :) I was quoted $330 by State, which I think is pretty reasonable for an L-Plater with no official experience.

It's only for 2k though, but most places in Australia wouldn't even Insure you...Excess is pretty heavy though xD

How did you get that? When I go through the online quote process, State tell me they wont insure any owners on a learners licence!! :angry2:

Felix52

14th January 2009, 12:04

I have my scorpio insured with State for $2400, full cover, for $108 a year. I'm on a learners, over 25, and have a no-claims bonus inherited from my car, as well as a discount for having house/contents with them too. I forget what the excess is (maybe $750?).

Icemaestro

14th January 2009, 13:12

I talked to state too, They changed their system about a year ago so that it automatically rejects anyone on a learners licence, wheras previously they were able to consider it on a case by case basis. Really not cool - I'd rather have every driver insured thanks!

DarkLord

14th January 2009, 13:16

I'm with Swann and paying about $50 a month. Mine are a bit higher as I wrote off a bike in a crash back in May last year. I was with State initially but seeing as I wrote a bike off on my learners they wouldn't insure me again till I got my restricted and I'd just got a new bike so I went with Swann. Excess is a bit high, $1500 but that will drop by $500 in a few days when I turn 25.

vifferman

14th January 2009, 13:36

I think State is a very decent insurance company and I have always had good quotes from them on cars.
Rrrrriiiiigghhhht....
After being with State for nearly 30 years, I realised they were rubbish, and didn't care if I was a long-term, loyal customer. So I switched to AMI. After a few years, I realised they weren't going to cut me any deals on my bike insurance even though I had house, contents, and four (4!) MV policies. So, I shopped around and came up with an excellent deal for my VFR through Kiwibike Insurance which made both State and AMI look really rubbish.

Gremlin

17th January 2009, 00:47

Dunno what I am doing wrong... but I'm 25, over a year of history (no claims), little under $100 a month, but the bike is insured for 24 odd k at the moment.

I do have a "special excess" due to carelessly misplacing my license for 3 months tho :shutup:, otherwise the excess is only $500 or something.

NighthawkNZ

17th January 2009, 01:10

State tell me they wont insure any owners on a learners licence!! :angry2:

thats crap... the other half is insured with state and (was on learners now restricted) I not remember what she pay she be in bed asleep and I dare not wake her to ask else I will need my health insurance pay out :doh:

I pay around $600 a year for the VTR1000

Stupid thing with Insurance companies... State, AMI, Tower and a few others are all owned by same company

Road Guardian

17th January 2009, 10:14

thats crap... the other half is insured with state and (was on learners now restricted)

Stupid thing with Insurance companies... State, AMI, Tower and a few others are all owned by same company

I found out that state has only recently stopped giving out policies to any rider with a learners license. But they will accept restricted licenses and above.

Having said that, yesterday I got four quotes from various insurance companies.
And I am (very) happily now with medical assurance, which gave me the best excess/premium. They are very nice people to deal with, and I have the knowledge that they are in the top bracket when it comes to dealing with claims (AMI + Medical Assurance and another company).

bikerboy011

17th January 2009, 10:58

Am with Star. When i was on my restricted and had my CBR250 cost me 460$ a year and then wen i went and got my full and upgraded to the 600, it went up too 1200$. My excess is a lot too as am under 25.

Pegasus

19th January 2009, 06:43

That premium from State sounds pretty good. I went through NZI, over 25 on Learners, My other half is through NAC (All 3 are the same parent company). His Claims service was excellent. I am in the industry though, so it is possible that helped a bit.

NighthawkNZ

19th January 2009, 06:56

I found out that state has only recently stopped giving out policies to any rider with a learners license. But they will accept restricted licenses and above.

Having said that, yesterday I got four quotes from various insurance companies.
And I am (very) happily now with medical assurance, which gave me the best excess/premium. They are very nice people to deal with, and I have the knowledge that they are in the top bracket when it comes to dealing with claims (AMI + Medical Assurance and another company).

Well thats still a load of bullocks as well (don't mean you I mean State)

That will change again if and when compulsory insurance comes in... :crazy::eek5:

Owl

19th January 2009, 07:10

and I have the knowledge that they are in the top bracket when it comes to dealing with claims (AMI + Medical Assurance and another company).

I've said it before and I'll say it again. AMI suck with their claims service and have little understanding of customer service!

Road Guardian

19th January 2009, 13:28

One thing that I found annoying when i was looking for quotes, most of the big name insurance companies put huge excesses because I am under 25 and on a learners licence. They dont really look at the drivers history alot.

Oh well, i guess they are trying to run a business.

StatX

23rd January 2009, 13:59

How did you get that? When I go through the online quote process, State tell me they wont insure any owners on a learners licence!! :angry2:

O.o;;; Weeeelll....I think the lady I was speaking to put me down as Restricted... don't ask me why... I told her I was learner...I do have a restricted car licence though, which she asked about...maybe she got them confused? :D Either way, happy.

Glad I did it, though, haha. Had an accident on monday... Lucky for me it's only my groin that suffered any damage on my end. The woman's car on the other hand has a nice, wheel-patterned dent in her rear bumper...

Don't ask me why they pulled up so sudden, but I looked down for a second, next thing I know, the brakes are on full and I still hit her. I'll see if it's worth losing my No Claims bonus or not, but I don't have to pay excess...

Zoolander

2nd February 2009, 18:01

O.o;;; Weeeelll....I think the lady I was speaking to put me down as Restricted... don't ask me why... I told her I was learner...I do have a restricted car licence though, which she asked about...maybe she got them confused? :D Either way, happy.

Glad I did it, though, haha. Had an accident on monday... Lucky for me it's only my groin that suffered any damage on my end. The woman's car on the other hand has a nice, wheel-patterned dent in her rear bumper...

Don't ask me why they pulled up so sudden, but I looked down for a second, next thing I know, the brakes are on full and I still hit her. I'll see if it's worth losing my No Claims bonus or not, but I don't have to pay excess...

Be careful there, if you do have a big money accident and the insurance company find out you are not actually on the license you have stated in your policy (which they will!!), they are free to tell you, politely of course, to go and get fucked.

rottiguy

2nd February 2009, 18:30

I'm with classic cover and pay about $600 per year for 13.5K full cover on my 1250 bandit with a $500 excess so not too bad, John Baker insurance is pretty good to.

McWild

2nd February 2009, 22:26

I'm on my learners, full coverage, under 25.
Don't know what I'm paying but have a $900 excess or thereabouts...

It's like half the worth of the bike haha.

Road Guardian

3rd February 2009, 11:51

I'm on my learners, full coverage, under 25.
Don't know what I'm paying but have a $900 excess or thereabouts...

It's like half the worth of the bike haha.

$900 is not too bad, I got one quote for $1250 excess.
But I am now at a happy $500 excess for a learners under 25 etc . :rolleyes:

dblancer

3rd February 2009, 12:34

Im with AMI and I have car insurance with them also, 60% no claims and freebee max... so that might influence things.
My bike costs me $19.50 a month, full cover with $3000 value, but will be assessed if I ever claim.

I am 25 and a learner, so it seems ok.

Saying that I have to ring them and let them know about my caliper lock and L licence