Why bother with insurance?

[Taz]

One day I'll get insurance...... Bought my last bike with what I saved on paying premiums.

[CookMySock]

If someone has a $100K BMW and they don't insure it, thats their business.

If I have a $40k bike and I don't insure it, thats my business.

Look after your own stuff, and let others' look after theirs. Ya rolls ya dice and ya pays ya money.

Steve

[centercore]

3rd party is the way to go if you have a shit bike its not even that expensive just lay off the cheese burgers each year.

Anyone seen the amount of careless drivers out there?. I would know I got hit by one. Get full comp if you don't wanna be completely fucked over, its worth it just don't go swann/iag they are shit.

[danchop]

ive gone 28 years of non insurance riding and driving with one loss and i wouldnt have got insurance for that accident anyway as i had a beer too many,its worth the risk and probably makes you a more aware driver

[Brett]

I really dislike this type of argument. Using this logic you should be paying for volcano insurance, terrorism insurance, leaky home insurance, bad hair day insurance ad infinitum.

Wouldn't it be difficult to cause that much damage to a car while riding a smallish bike?
Also, if I caused that much damage I'd probably be dead

I do see your side of the argument though which is "at least get 3rd party dude!".

So lets say you hit a brand new 7 Series BMW, or a Porsche or such even just enough to dent the door...do you have ANY idea how much you will have to pay to replace that door? Even just to get it repaired and repainted (remembering it is a prestige vehicle...now lets imagine you hit the front panel somewhere and set off the airbags...can you imagine THAT bill?

Or even tone it down a nudge, say you hit a 2006 VW Golf GTI, or anything that is just a few years old and say ruin the bonnet, a door and maybe damage the windscreen as you go skysurfing across it...even these bills will hurt you more than the crash did...

Lets say you go out on a group ride and you accidently hit another bike or run into another bike on the ride, say a 2009 CBR1000 and write it off, which happens very easily...you will be looking at a $25,000-$30K bill for that...Don't say it doesn't happen, I have seen many more than 1 noob rider do it.


Get 3rd party as a minimum...otherwise you may just end up crying like a little bitch.

[CookMySock]

So lets say you hit a brand new 7 Series BMW, or a Porsche or such even just enough to dent the door...

If YOU owned that car, would YOU insure it? You would? So then whats the problem? You're covered! It doesn't have to be insured twice.

ive gone 28 years of non insurance riding [...] its worth the risk and probably makes you a more aware driver

This is the thing that people are ignoring. Who is the safer rider? Insured, or non-insured. Think about it.

Steve

[Katman]

If YOU owned that car, would YOU insure it? You would? So then whats the problem? You're covered! It doesn't have to be insured twice.

If you had a $1000 excess on your policy and someone else was to blame for the damage would you be happy to hand over that $1000.

[Coldrider]

If YOU owned that car, would YOU insure it? You would? So then whats the problem? You're covered! It doesn't have to be insured twice.

This is the thing that people are ignoring. Who is the safer rider? Insured, or non-insured. Think about it.

Steve

Why don't you apply that comment to your mate in a car door opened on me thread.
Shit happens even when being careful/considerate. Third party cover usually covers for several millon dollars, a car may not be all you damage.

[Katman]

Why don't you apply that comment to your mate in a car door opened on me thread.

I was going to use that as Exhibit A if DB tried to claim he would happily hand over the excess.

Truth is, I think he'd start screaming like a little bitch.

[PirateJafa]

If you had a $1000 excess on your policy and someone else was to blame for the damage would you be happy to hand over that $1000.

He also fails to realise that the other person's insurance company WILL come after him and ream him in the arse to the tune of the repairs they had to pay for to their client's car.

Actually I'm not even going to bother pointing out all the flaws in DangerousAdvice's arguments. I don't think my bandwidth would be sufficient.

[Big Dave]

If YOU owned that car, would YOU insure it? You would? So then whats the problem? You're covered! It doesn't have to be insured twice.

The car owner's insurance company will pursue the at fault party to recover costs all the way to Baycorp and Bailiffs.

[SMOKEU]

Don't get insurance. Then everyone will laugh at you because you will look like a complete tosser standing next to the $100,000 Audi that you have just crashed into and caused $20,000 of damage with no insurance.

[b1unt3d]

So it is pretty obvious that you can do a lot of damage with a bike to a car... but what about the amount of damage that can be done to a person? Hundreds of thousands of dollars in medical bills. What about yourself? If you get into an accident and you need thousands of dollars of medical aid, would you not want the insurance company to cover that?

[Coldrider]

Insurance premiums have an implied fire service levy as well.You won't have to worry about getting a bill from the boys in the red trucks either, usually $600 per truck just to turn up.

[klingon]

So it is pretty obvious that you can do a lot of damage with a bike to a car... but what about the amount of damage that can be done to a person? Hundreds of thousands of dollars in medical bills. What about yourself? If you get into an accident and you need thousands of dollars of medical aid, would you not want the insurance company to cover that?

It doesn't work like that in New Zealand. We have no-fault cover under the government Accident Compensation scheme (ACC). I think that's one of the reasons third party insurance isn't compulsory (unfortunately).