Bike insurance sorted

**crusa** · 16th December 2009, 15:42

I just got full insurance for My VRod and wifes sportster with Protecta with AA roadside assist for both bikes. now insured with a saving of over $600 ,All done on the phone,werent worried about speeding fines

.Now i can pay the REGO,s and it wont hurt so much

**p.dath** · 16th December 2009, 15:44

Haha. Registration is kinda like insurance.

It covers you against the risk of being pulled over and getting a fine.

**Molly** · 16th December 2009, 18:48

Can I ask how much it cost? Also, did you shop around? Just wondering if it was the best price you were offered. I'm with John Baker and really happy with their service. Did you get a quote from them, just out of interest?

**AD345** · 16th December 2009, 19:18

I'm with Protecta and have the roadside assist as well. Just renewed last month to a nice 50% no-claims bonus which dropped it to $725

**IdunBrokdItAgin** · 16th December 2009, 19:37

You do realise that the AA were a good part of the reason behind why your rego went up so much don't ya?

Most bikers are boycotting AA due to their anti-biking stance. try kiwibike or go-lightly - you may be surprised what you are quoted (they charge about 5% of insured value on average).

**AD345** · 16th December 2009, 20:12

I can't speak for cruza but I didn't choose AA. They just sub-contract out their roadside assistance progam to other insurance companies.

It doesn't matter what insurance company you are with, they can choose to contract out to AA at any time for the roadside assistance (or not)

5% of the insured value would be twice what I am paying now...........

....sssssso, I think I'm all good

**Molly** · 17th December 2009, 18:51

$725 is about $100 better than my last premium. Got the Harley insured for $22,000 (fully comp) but no roadside cover. Can I ask what value they're covering up to for that premium? Thanks.

**AD345** · 17th December 2009, 21:21

Originally Posted by Molly

$725 is about $100 better than my last premium. Got the Harley insured for $22,000 (fully comp) but no roadside cover. Can I ask what value they're covering up to for that premium? Thanks.

Full comprehensive cover, roadside assist as mentioned, bike value insured around $28K plus $7k mods and accessories

**Molly** · 17th December 2009, 21:26

Originally Posted by AD345

Full comprehensive cover, roadside assist as mentioned, bike value insured around $28K plus $7k mods and accessories

Shit. That's a good bloody deal. I'll make a mental note to speak to them next time around.

**AD345** · 17th December 2009, 21:31

Originally Posted by Molly

Shit. That's a good bloody deal. I'll make a mental note to speak to them next time around.

Yeah its not bad. Being realistic there's always going to be a gap between "insured" value and "market" value (they don't have an "agreed" value option AFAIK) but after talking with them about the mods and stuff I reckon I could walk out with around $25k from a write off.............

....assuming I could walk of course

**imdying** · 18th December 2009, 10:55

Originally Posted by AD345

Full comprehensive cover, roadside assist as mentioned, bike value insured around $28K plus $7k mods and accessories

Originally Posted by AD345

Yeah its not bad. Being realistic there's always going to be a gap between "insured" value and "market" value (they don't have an "agreed" value option AFAIK) but after talking with them about the mods and stuff I reckon I could walk out with around $25k from a write off.............

....assuming I could walk of course

The answer is possibly obvious, but if you've insured it for $28k+7k, but only expect to get $25k paid out, why pay the premium on $35k and not $25k? Or does it not work like that?

**crazyhorse** · 18th December 2009, 11:16

I'm insured with Classic Cover and its about $470 per annum. And thats for the GSXR1000.......... best deal out there, I believe

**Molly** · 18th December 2009, 13:08

That sounds good too. Will certainly shop around a bit more next time. In fairness to John Baker though, they've been really good when I've had to claim (twice - neither my fault).

**AD345** · 18th December 2009, 17:09

Originally Posted by imdying

The answer is possibly obvious, but if you've insured it for $28k+7k, but only expect to get $25k paid out, why pay the premium on $35k and not $25k? Or does it not work like that?

Yeah it takes a bit of working around but I follow the advice of my sister who works in the industry.

Basically, if you dont insure for "agreed" value, which is an agreed amount that wil be paid out, then you are stuck with market value for payouts. When setting the insured value it pays to over insure a smidge cos the difference in premium is usually minimal and if your insured value is lower than market value at the time of the claim they will pay out on the lower value. The mods are "noted" on the insurance and may or may not have an impact on the market value at the time of the claim.

So Im insured for 28

there's a note of $7k of mods

payout would be 28k or market value - whichever is the lesser

make sense?

if I insure for 25k the premium drop would be bugger all (maybe $50) and it could cost me if the market value worked out in the final analysis to be closer to the $28k