Put off by insurance (lack of)

[Pathos]

I have Protecta

20yrs
150cc fxr
Learners

I crashed on the desert road, was quoted $3000 for damages bike was insured for $1600, no witnesses, no evidence, no questions asked, was offered the cheque in the mail for the value after excess ($1000 in the end).

They wouldn't garrantee me first buy back option, I had to place a tender if I wanted it back.

I turned down the offer in the end because the bike only had superficial damage and it only cost me $30 + 6hours of hammering to put it back on the road. If there had been any dangerous damage forks/shocks/engine etc I would have taken the money.

I reckon they gave me a good deal.

[far queue]

We have our Bike insurance through a broker - David Golightly - 03 357 2428 - he is underwritten by Vero. Not sure if your age will make a differnece, but he is very competitive in pricing.

Me too. I had no trouble getting insurance with the big companys, but the cost was ridiculous. I've got the car's, house, contents with AMI and they still wanted over $1000/year for the bike, and it's been sometime since I was 19. So I got insurance through David at $492/year. He's a biker himself and he's to good to deal with.

[Motu]

Just as a counterpoint - I'm 52 and have been riding for 36 years and hold a whole swag of full licences.The only bikes I've had insured were two I bought new when I was 18,and one claim on one of those bikes.There are other options....

[Bandit Rider]

Hey
Just got insurance today through Dave at Kiwi Bike Motorcycle insurance. I am 19 years old and cost me $476 a year. There is no hassles there. www.kiwibike.co.nz. It is through Swann Insurance. 0800 629 253. It was for full Fire and Theft.

Dave's good - he will definitely know what your options are and get the best price. He is a broker, so not tied to one company.

[poorbastard]

If all your after is third party(without fire and theft) State charges only $50.

[Velox]

I've been trying to sort insurance recently too. Might end up just doing third party since it's so expensive. Even my KiwiBike quote wasn't cheap - $2k excess and $950 premium! For the first year anyway. Hmmmm.

[mikey]

fuk insurance man. thats for everyone else to pay.
just make sure you dont have finger prints or id on you when you crash into the 40,000 dollar cop car.

[Toast]

Just as a counterpoint - I'm 52 and have been riding for 36 years and hold a whole swag of full licences.The only bikes I've had insured were two I bought new when I was 18,and one claim on one of those bikes.There are other options....

I was thinking about taking that option, after 3 years of not making a claim, and feeling pretty confident. One total cock up and a $10k bike written off like none I've ever seen...and I'm glad I didn't.

One day when I'm older and wiser though, I think I'll take that option.

[Toast]

I've been trying to sort insurance recently too. Might end up just doing third party since it's so expensive. Even my KiwiBike quote wasn't cheap - $2k excess and $950 premium! For the first year anyway. Hmmmm.

It's best to get some form of insurance, I think. Even if you just insure your bike for $500, or whatever the lowest possible amount is, and act as if you have no insurance (i.e. don't ride like too much of a clown, leave your bike parked in the CBD on a Friday night, etc.). Should cost about $30 a year insured at that price, with Protecta anyway.

This way, you're in the process of building yourself an insurance history, and will get the discounts later on, when you have a really flash bike that needs to be insured.

[Lord Alster]

There's going to be a new insurance company starting soon, they'll be online only so you'll do everything yourself on the net, ie: entering info, getting quote, etc. The first product will be motorbike insurance. I think they're launching in the next few weeks. I'll keep ya posted.

[Motu]

One total cock up and a $10k bike written off like none I've ever seen...and I'm glad I didn't.

One day when I'm older and wiser though, I think I'll take that option.

One day....if I ever own a bike worth $10,000 I might insure it,but as I've always enjoyed older bikes that are not worth much more than the exess it's not really a good idea to insure them.

When I used to work for a small rental car company with just a dozen or so cars,the insurance was crippling....$10,000 premiums 20 years ago.So the boss took a gamble,and put the $10,000 into the bank on a good interest scheme....we had no claims that year,and then he put the next years premium into the bank - hey presto,we were running our own insurance company.

[Momentum]

I am with John Baker insurance 0800 65 62 64

I am 23 years old on a cbr 250rr on my Learners
I pay About $850 a year for full and that includes a year road side SOS anywhere in NZ and any car or bike or whatever I am driving at the time. And $112 of that is for no excess gear cover.

[Velox]

I am with John Baker insurance 0800 65 62 64

I am 23 years old on a cbr 250rr on my Learners
I pay About $850 a year for full and that includes a year road side SOS anywhere in NZ and any car or bike or whatever I am driving at the time. And $112 of that is for no excess gear cover.

How'd ya wangle that? The online quote thingee says you have to be over 25!
(If anyone checks, it's on the second page, once you've submitted the first one).

[Momentum]

How'd ya wangle that? The online quote thingee says you have to be over 25!
(If anyone checks, it's on the second page, once you've submitted the first one).

Dad has his Motor Yucky covered with them. so he gave them a call and asked if they could do anything for me. And no its not under his name the bike is owned by me and its all under my name. I have had 3 moded cars befor and only one clam befor and that was when someone stole one of them. that may have helped i done know

[Pixie]

It's best to get some form of insurance, I think. Even if you just insure your bike for $500, or whatever the lowest possible amount is, and act as if you have no insurance (i.e. don't ride like too much of a clown, leave your bike parked in the CBD on a Friday night, etc.). Should cost about $30 a year insured at that price, with Protecta anyway.

This way, you're in the process of building yourself an insurance history, and will get the discounts later on, when you have a really flash bike that needs to be insured.

You must have 3rd party.
Just incase you fall off and your bike goes under a $ 500,000 supercar and it crashes into the Beehive and it all goes up in smoke.

I pay $ 50 for this.
But I make Methuselah look youthful