Insurance Costs

**vifferman** · 4th October 2005, 15:45

Originally Posted by bungbung

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)

How the hell did you mange that?
My VTR100 ($8.5K) cost me over $500, with an excess of $1000, if I remember correctly. AND I'm older than you, have been insured with State for a bazillion years, and have multiple policies (see last post).

**mattt** · 4th October 2005, 16:13

Originally Posted by vifferman

I'm not happy .....

Life's a bitch ain't it?

I'm on a 4hundy with an 8yr old Learners license. I don't think I'd get shit from an insurance company. Ah just as well the bikes worth fuckall

**madboy** · 4th October 2005, 16:20

Just the other day I got quoted $900 by AA (where our two cars are) with $1500 excess on a $11.5k bike. But it's market value so who knows what they'd pay. Incidentally, I'm just under 30 with a driving record that means I have $1500 excesses on both of our cars too, and was still getting declined car insurance at 26. And I've only held a bike license for less than 2 years. And I learnt on a 400.

The conversation goes along the lines of "Yeah, when we insured the new car a few months ago I faxed my LTSA driving history through to you, so it might be easier for you to check that proposal rather than me going through it over the phone with you cos I can never remember them all." Always a great way to start an insurance application.

**The_Dover** · 4th October 2005, 18:54

Pretty fucken funny though!!!

Sorry..........

**jimdaworm** · 5th October 2005, 20:41

Any recomendations for me.

I want to get a CBR 600/Hornet 600/Bandit 600

I am 25 and have had my car license for like 10 years but am only just completing my full bike license.

**bungbung** · 6th October 2005, 07:09

Originally Posted by vifferman

How the hell did you mange that?
My VTR100 ($8.5K) cost me over $500, with an excess of $1000, if I remember correctly. AND I'm older than you, have been insured with State for a bazillion years, and have multiple policies (see last post).

I've multiple policies too: car, bike, scooter, contents.

Have you ever claimed on a bike? no claims may count for the premium difference.

I thought the excess was pretty cheap, I asked state if it was correct and was assured it was.

Funny, for years I had to go through NAC because I was under 25, disqualified and so forth, modified turbo car blah blah blah.

**vifferman** · 6th October 2005, 07:22

Originally Posted by bungbung

Have you ever claimed on a bike? no claims may count for the premium difference.

Yeah - I had four claims on my VFR750, BUT none of them against my policy! Every single one of them was someone else's fault.
Yet even though this should have no effect on my premiums etc. (I haven't lost my 'no claims bonus'), I have a feeling they're holding it against me, as last time I asked them about my excess, they mentioned the previous claims.
While I'm in a real shitty mood from the drugs in my system, I might just ring up and ask them again, and then either get a quote from elsewhere (and tell State I'm doing that), or if I'm not satisified, contact the insurance ombudsman (and tell State that too. If they are imposing ridiculous conditions for something which is not my fault and not supposed to affect my insurance, then that's not right.
Grrrrrrr, and all that.

**zooter** · 9th October 2005, 19:17

Originally Posted by vifferman

Yeah - I had four claims on my VFR750, BUT none of them against my policy! Every single one of them was someone else's fault.
Yet even though this should have no effect on my premiums etc. (I haven't lost my 'no claims bonus'), I have a feeling they're holding it against me, as last time I asked them about my excess, they mentioned the previous claims.
While I'm in a real shitty mood from the drugs in my system, I might just ring up and ask them again, and then either get a quote from elsewhere (and tell State I'm doing that), or if I'm not satisified, contact the insurance ombudsman (and tell State that too. If they are imposing ridiculous conditions for something which is not my fault and not supposed to affect my insurance, then that's not right.
Grrrrrrr, and all that.

They might be labouring over their participation in the "knock for knock" arrangement. They decrease their paperwork by paying out their respective policyholders' damages regarless of fault. So your claims have actually cost State big bucks. If you go someplace else you can truthfully state you haven't claimed on YOUR policy and you're away laughing.

**geoffm** · 9th October 2005, 20:24

State is crap anyway, especially if you need them. With a cage, the set the price that it is going to be repaired for, and who is going to do it. It goes without saying, the job reflects the price...
If you have a clean record, get on the phone and see what else is around. There are some huge differences, especially if they are looking at a package deal.
A broker may be another alternative, esp. if your record is not-so-good.
Geoff

**Blackadda** · 21st October 2005, 20:02

I finally got my insurance via Classic Cover (underwritten by NZI). If you are over 30, do not let under 30's ride and garage your baby when not riding it, you can get full insurance for under $300 plus only a $300 excess!

You need to have a good record, no convictions etc and usual insurance blah, blah. But not a bad deal for us more mature riders.

**marty** · 21st October 2005, 20:59

the busa is in the big bike range (funnily enough) and at AMI is an even $1000/yr, with $1300 excess on crashing, $300 on anything else. the TL is $750 with $1000/$300.

National quoted $660, but excess is $2000.

crazy man, a $40k car is only $350!

**Dafe** · 21st November 2005, 19:28

I got my insurance today for my K6 GSXR 1000.
Insurance: Full cover for $23,000
$850 Premium.
With $1500 Excess
$2500 Excess for theft and fire.

Once Again: National Auto Club (Whangarei), has come through for me!

**marty** · 21st November 2005, 19:58

Originally Posted by Dafe

I got my insurance today for my K6 GSXR 1000.
Insurance: Full cover for $23,000
$850 Premium.
With $1500 Excess
$2500 Excess for theft and fire.

that's pretty good dafe. who's that with? i got a letter from AMI the other day saying they had misquoted, and the premium was actually $900, excess $1000, so i'm in credit!

**Dafe** · 21st November 2005, 20:22

Originally Posted by marty

that's pretty good dafe. who's that with? i got a letter from AMI the other day saying they had misquoted, and the premium was actually $900, excess $1000, so i'm in credit!

Sorry dude, National Auto Club.
They'll slaughter AMI's charges.