Insurance and speeding tickets?

[CB ARGH]

Hey,

I am wondering, yes, wondering...

If you were to get a speeding ticket, no matter how fast, 111km/h, or maybe even 150km/h, do you have to tell your insurance company? Also, are they able to stop insuring you because of this? I would just like to know seeing so many of you get speeding tickets, and I can imagine, still have insurance.

Thanks

[Morcs]

Its best to declare everything.

That way when you hit that 100k ferrari, there are no suprises.

[MSTRS]

It is a requirement when taking out new or updated cover. They will ask you, and if you don't disclose and are found out...cover cancelled/declined.

[Morcs]

generally speeding tickets dont have a huge impact on your premium.

I have more tickets than you would believe, and it took me about 30 mins on the phone to go through them - but it was a dangerous driving charge that made the premium skyrocket.

[vifferman]

It is a requirement when taking out new or updated cover.
.... or when making a claim.


generally speeding tickets dont have a huge impact on your premium.
That was my experience, but I was told the tickets) only two current at the time, and only one before that) were irrelevant, because I'm an Olde Bastidge.

[kiwifruit]

It pays to keep them in the loop

[Gremlin]

Yes, you have to tell them... otherwise they'll probably trot out the line that you didn't tell them everything come claim time etc

Generally won't make them stop insuring you, but the premium may rise at the next assessment, as you are a perceived risk.

They are normally interested in any tickets in the last 5 years. My 3 month license loss has also meant that I have a special excess tacked onto my insurance.

[Swoop]

It pays to keep them in the loop
Coro Loop?:rockon:

[R6_kid]

If it's 'little' like 11km over or maybe up to 20kmh over i dont think they will stress it.

Of course if they find out you've had 95 demerits over the last year (or since you last took at out cover with them) they'll say "actually, you're screwed".

I still got insurance after 105 demerits which added up to 4mths loss of licence. It costs me twice as much as it would if I had a clean licence though. However, assuming i stay clean til May (when i renew) i've been told I'll get re-rated back to normal for age.

I :love: kiwibike insurance.

[captain_andrey]

My insurance says don't bother with speeding fines, only loss of license for any reason inc 100 demerits.

[CB ARGH]

Would 75 demerits worry an insurance company?

A friend of mine is shit scared they're going to have no insurance.

[Okey Dokey]

So if you had a dangerous/reckless/ too many tickets driving charge, which resulted in an increased premium, at what stage would you drop back to a good boy's rate? After 5 years, 10 years, or never ever? I don't understand...

It doesn't seem right that you are punished forever, but would an insurance company ever reduce a premium in this sort of instance?

[Oscar]

So if you had a dangerous/reckless/ too many tickets driving charge, which resulted in an increased premium, at what stage would you drop back to a good boy's rate? After 5 years, 10 years, or never ever? I don't understand...

It doesn't seem right that you are punished forever, but would an insurance company ever reduce a premium in this sort of instance?

For serious charges like dangerous/reckless and DIC, you could expect a problem insuring for five years.

[Oscar]

Would 75 demerits worry an insurance company?

A friend of mine is shit scared they're going to have no insurance.

It depends what the demerits are for.
If they're all speeding, it shouldn't be a problem.

The Insurance Law Reform Act 1977 says that you must declare anything materially affecting the risk when insuring (important - this includes renewing cover).

The definition of a "material fact" is information that would have a "prudent insurer" declining to insure or accepting cover on restricted terms. This also is the case with claims, so insurers are unable to decline a claim on the basis that you had a speeding ticket last year and forgot to tell them.

If in doubt, call your insurer now - it's a helluva lot better to worry about stuff like this now than after yer pride and joy has been totaled...

[tigertim20]

speaking of insurance, what would you guys recommend I insure my bike for
1991 CBR 600 F2 immaculate condition, never dropped etc, and do you find your bike insurance to generally be cheaper or more expensive than a tin-top of equal value?, any specialist motorcycle insurers you could recommend?

[cowboyz]

generally speeding tickets dont have a huge impact on your premium.

.


No but they have a huge impact on your excess. Well, mine anyhow.

I have never had an at-fault claim. In fact I have only had 1 motorcycle claim and that was Vs a cow and farmers insurance paid for the accident.

And yet, my excess to drive my car is 4 times what my wifes is because I have had over 5 tickets in the last 2 years. I had an argument with the insurance company at the time they told me my excess was being hiked because they are not insuring me against speeding tickets. If they were paying my speeding tickets for me I could understand the problem with the increased risk. By any kind of logic the fact that I have been paying insurance premiums for years and never had a claim would suggest that I am low risk.

Then there is kiwibikers favourite insurance broker who takes 2 months to reply to an email about trackday cover and then changes the terms of the insurance policy 3 days before the trackday.



speaking of insurance, what would you guys recommend I insure my bike for
1991 CBR 600 F2 immaculate condition, never dropped etc, and do you find your bike insurance to generally be cheaper or more expensive than a tin-top of equal value?, any specialist motorcycle insurers you could recommend?

So from my experience with insurance companies.. it doesnt matter. ring round and pay the least you can in premiums. They will all try to screw you over somewhere along the line.

[Sensei]

Kiwibiker ask for Dave Hewer . Ya bike would be $4-5k tops

[thepom]

So who is the KB er.s favourite insurer then,seeing as I just insured my bike with some one recommended on this site?:blank:

[cowboyz]

hey, if your happy with the deal you signed up for then all is good. I just dont crash enough to have a good enough relationship with insurers and it seems 'full disclosure' is a one way street.

[Oscar]

hey, if your happy with the deal you signed up for then all is good. I just dont crash enough to have a good enough relationship with insurers and it seems 'full disclosure' is a one way street.

Insurance is an "utmost good faith" contract - you must dislcose any fact material to the contract.

Don't give 'em a reason to piss you about when you make a claim.

[cowboyz]

Insurance is an "utmost good faith" contract - you must dislcose any fact material to the contract.

Don't give 'em a reason to piss you about when you make a claim.

for sure. I disclosed all my speeding tickets. all my previous driving records. Last time I had a crap, last time I got laid, a whole lot of stuff they may or may not have wanted to know. Basically, I dont trust "them" (by them I mean insurance companies) so I covered every corner on my part.

They were happy to tell me I will be covered trackdays (a sticky point about why I chose this insurance company) as long as I notify them in writing before the trackday even though they didnt respond to 4 emails but *forgot* to disclose that my excess would be four fold. If they had told me that at the start of the contract I wouldnt have bothered going with them because with a $2000 excess I am not going near a track. I might as well take on the on coming cars, roaming sheep, narrow backroads, gravel spread randomly on road, melting tar and other hazzards I find on the backroads of NZ roads cause according to insurers that is a less risk than a racetrack with a predicable surface and flag marshalls.

BTW, The above started as a bit of a pisstake but it actually makes a bit of sense now I see it written down.

[Ixion]

for sure. I disclosed all my speeding tickets. all my previous driving records. ..

They were happy to tell me I will be covered trackdays (a sticky point about why I chose this insurance company) as long as I notify them in writing before the trackday even though they didnt respond to 4 emails but *forgot* to disclose that my excess would be four fold. ...

That is what really shits me about the "uberissme fides" thing. It's all one way. They expect YOU to be totally honest, but THEY never are. They want to know your record but none of them are willing to reveal their own ("What percentage of claims have you declined? What percentage of people don't renew? What are your financial reserv ratios?") . Legally, it's supposed to be both ways, good faith on BOTH sides.

[MarkH]

That way when you hit that 100k ferrari, there are no suprises.

Apart from that obvious "FFFUUUCCCKKKK - there is a Ferrari directly ahead and I can't stop in time".

[CookMySock]

That is what really shits me about the "uberissme fides" thing. It's all one way. They expect YOU to be totally honest, but THEY never are. They want to know your record but none of them are willing to reveal their ownLOL. Accept, sooner rather than later, that this i just "life".

The only real time you will get your own way, is to present your version of the facts just like they do. It's not really any different whatever you are doing. People complain and complain about how they are mistreated, and that they remain at the bottom of the food chain, but seriously the best way to get past this is to get out there and get even, and get on with it.

Do it today.

Sharpen up! People don't owe you a knob of goats poo. Go and take what's yours. Lie if necessary. Think twice about doing it to your friends though.

Steve

[Oscar]

That is what really shits me about the "uberissme fides" thing. It's all one way. They expect YOU to be totally honest, but THEY never are. They want to know your record but none of them are willing to reveal their own ("What percentage of claims have you declined? What percentage of people don't renew? What are your financial reserv ratios?") . Legally, it's supposed to be both ways, good faith on BOTH sides.

Insurers are legally obliged to disclose a financial rating by an independent ratings agency, which is based on some of the points you raise. It would also be interesting to look at the cases dealt with by the Insurance Ombudsman (which you can do) and see which insurers come up.

What makes me smile when I read your post is that if you look at any other thread here about insurance, the majority of the comments are along the lines of "..insure with so & so, they're the cheapest..". I said it time and again that buying insurance by price is as stupid as buying your motorcycle by price (Liafan 250, anyone?).

Someone should start a sticky thread where inmates report on their claims service in 40 words or less and give a ranking out of 10.

[Oscar]

LOL. Accept, sooner rather than later, that this i just "life".

The only real time you will get your own way, is to present your version of the facts just like they do. It's not really any different whatever you are doing. People complain and complain about how they are mistreated, and that they remain at the bottom of the food chain, but seriously the best way to get past this is to get out there and get even, and get on with it.

Do it today.

Sharpen up! People don't owe you a knob of goats poo. Go and take what's yours. Lie if necessary. Think twice about doing it to your friends though.

Steve

In the spirit of your post, I have to say that it was a well thought out contribution and not idiotic in any aspect at all. You are obviously a very intelligent man...

[Tank]

In the spirit of your post, I have to say that it was a well thought out contribution and not idiotic in any aspect at all. You are obviously a very intelligent man...

You have to remember that DB isnt big on morals. He rides uninsured and is quite happy to lie to get out of paying for any damage to others.


Ah that sucks bro. Yeah bikes are for goofing off on, and sometimes we screw it up - thems the breaks! This time you got off lightly.

Right, any damage to anyone else ? Any liability ? If so, deny everything and refuse to discuss the accident with anyone. Disappear into the long grass, and say nothing. Fix your own bike with your own money, and let your sore knee mend itself etc. If anyone wants to knock on your door and talk about the incident, tell them they are at the wrong place. If the feds turn up, tell them u dunno jack about that, and shut the door and go back to what you were doing. Letter from some insurance company demanding payment? bew hew hew, chuck it in the bin. Life goes on. Dont FFS admit the whole thing to the feds in the hope things will be better.. :rolleyes:

DB

Would be interesting to see how he would react if an insured car rode into him - gave false details etc. Im sure he would have a different view then.

Would be interesting to see how he would handle it if he caused a accident on a group ride and fucked another KB'ers bike also. Probably a new log-in name.