Insurance Costs

[Blackadda]

For those interested I got some quotes to Insure my Gixxa for $6k. I fall into the older more mature rider bracket! 30+!

AMP (my normal insurer) $916 /annum Exceess $200
Swann $340 /annum Excess $500 crash $1000 theft
Star $614 /annum Excess $750 crash $2000 theft
NAC $353 /annum Excess $500 crash $600 theft

Pretty broad range. I think NAC's the one for me. If I have a crash and damage other property, there is another $350 excess, but still works out cheaper than the rest.

[soundbeltfarm]

would they pay out 6K for your bike .
i mean would market value be 6K?

[zadok]

You just edited your post as I was about to say NAC looks the goods.

[Blackadda]

would they pay out 6K for your bike .
i mean would market value be 6K?

Who knows. I think a fair value is between $5 & $6k. I'd say the difference in cost is minimal anyways.

[axion]

Something I've seen on some car forums is that NAC is cheap for insurance but if you ever want to make a claim they make it hard as for you to get any money. (moreso than other insurance comapanies)

[TerminalAddict]

crikey I'm paying $480/yr with $250 excess on a $7k virago

[Blackadda]

crikey I'm paying $480/yr with $250 excess on a $7k virago

Where from addict?

[TerminalAddict]

from state
Mark as a learner rider, but I had a class 6l for 3 years, and a class 1 for .... many years, so they gave me a no claims bonus.
First quote was $880/yr without the no claims thingee

[yungatart]

I am in my 40's on a learner licence, cost $56 and $750 excess to insure third party only, son has a mate who is 16- it costs exactly the same! Go figure, I thought a teenage male was higher accident risk than a 40 something female-appears not.

[Phenoix]

NAC wasnt to charge me 700 with a $1000 excess. Thats including a seconded person on the insurance.
Everyone else was wanting to charge me bout $1000 with 1200 excuss, this is for the zxr valued at $6000
Think its cos Im young

[Gremlin]

Think its cos Im young

No, its cause they are mind readers and knew you loved washing your bike at any cost

P/T

[vinducati]

I am with Swann, I recently had an accident and they have been really good.
Went to see them, filled out the claim form.
Their accessor went to the bike shop and it was all underway within 5 days.

Cheers

[texmo]

National Auto club will insure anybody not matter what! they are cheep and Good I rate them....

[bungbung]

I am in my 40's on a learner licence, cost $56 and $750 excess to insure third party only, son has a mate who is 16- it costs exactly the same! Go figure, I thought a teenage male was higher accident risk than a 40 something female-appears not.

Did you shop around? it may be the L plates scaring them off.

I've got my vtr1000 insured with state for 7k value, $250 excess.

The premium is around the $400 mark. (I've all the no-claims deductions, and exceed 30 years)

[vifferman]

I'm not happy with mine.

For a $12k bike, it's around $600-ish/annum (can't remember exactly) which is OK, but the excess is $1500 regardless of what bad thing happens to it (crash, theft, fire), which is crap. That's with State, but I'm seriously thinking of moving all our policies (bike, 3 x cars, house, contents) elsewhere if necessary to get that excess reduced.