Need Questions Answered about Insurance?

[sAsLEX]

highest excess i have added on a bike is $300, only time it goes up is if the bike is modified or not kept in a garage at night, call the company and find out if they will lower excess if you fit an alarm to the bike.

I have it alarmed and locked (big f off abus chain) and gaurded by a hyper active dog! hes not very big though so might need a Dogo Argentino to keep them thieves away!

[chickenfunkstar]

Is there an age at which premiums tend to decrease? If so what is the age?

Or is a case of getting insurance and then waiting a couple of years after you've got insurance for your no claims bonus to come in?

I'd sort of like to get insurance but i'd imagine most people my age have a higher chance of crashing then I do. (I'm 21 at the moment)

[MattRSK]

Hey Dan
I have a question for ya. I have insurance for 3 things, Bike/Car/Contents. These are all with different companys. Would it be a whole lot cheaper to put them all with one company?

Thanks
Matt

[NSR-Dan]

Is there an age at which premiums tend to decrease? If so what is the age?

Or is a case of getting insurance and then waiting a couple of years after you've got insurance for your no claims bonus to come in?

I'd sort of like to get insurance but i'd imagine most people my age have a higher chance of crashing then I do. (I'm 21 at the moment)

Generaly with most companys after 25 years, but what most people dont know the shoot back as soon as you hit 75.

[NSR-Dan]

I have it alarmed and locked (big f off abus chain) and gaurded by a hyper active dog! hes not very big though so might need a Dogo Argentino to keep them thieves away!

I recon look around at other companies, you should be able to find cheaper elsewhere.

[NSR-Dan]

Hey Dan
I have a question for ya. I have insurance for 3 things, Bike/Car/Contents. These are all with different companys. Would it be a whole lot cheaper to put them all with one company?

Thanks
Matt

usually not, if you added house to package you would get a discount.

[MattRSK]

OK thanks Dan.

[sAsLEX]

I recon look around at other companies, you should be able to find cheaper elsewhere.

not many would be cheaper than what I am currently paying!

[NSR-Dan]

Is there an age at which premiums tend to decrease? If so what is the age?

Or is a case of getting insurance and then waiting a couple of years after you've got insurance for your no claims bonus to come in?

I'd sort of like to get insurance but i'd imagine most people my age have a higher chance of crashing then I do. (I'm 21 at the moment)

oh yeah you NCB (no claims bonus) makes a big diff. if you have been 5 years claim free, an AA member and have a cage to insure, call aa cause if you make a claim it wont lower you NCB

[Sketchy_Racer]

soo,

a $1500 excess on a 150cc M/C is a little steep yes?

If so SCREW YOU STATE

:edit: That is to cover the other party if i screw up

[Magua]

$1500 excess on a 150, holy crap.

[NSR-Dan]

soo,

a $1500 excess on a 150cc M/C is a little steep yes?

If so SCREW YOU STATE

:edit: That is to cover the other party if i screw up

Could be to do with your age and licence, if your under 25 and dont hold a full bike licence, then it would be the same as the car a excess when its put up.

[bobsmith]

Don't know, I'm with state (I'm 22) I got my contents/car/bike insured with them, I get discount for that and my excess on the bike is $500 for all instances... that's for 2 riders me and my g/f and I made sure that they knew that I've only had my learner's for 2 days when I insured the scooter and bike 3 months later..... strange.

EDIT - I have been claim free for almost 7 years though (been driving since I was 15)

EDIT2 - Shit that means I've spent about $3000 on insurance companies and have not had anything back!!!! (that's only for third party car and fire/theft just paid another grand this year for the contents, scooter and bike....)

[NSR-Dan]

i would check that excess just incase, state is notorios for not giving you all the extra information over the phone. it could be $500 standard excess an then there is an extra excess for your age which they havent told you about. when i hade my car with state it was 500 and then when i came to make a claim they said it would be an extra $400 for my age, and it only has standard excess on the policy, but when you check the policy exclusions it says there are extra imposed excesess for learner and under 25/21 drivers

and something real funny is how state say in there adds that they pay 99 percent of claims, within the insurance industry state is knowen as one of the worst for paying out claims and when the do the alway pay the least that they have to, funny that, most panelbeaters will tell you they hate dealing with them too.

[Clivoris]

Hi NSR Dan. Company I deal with have been really reasonable although I haven't had need to claim. They cater for the distinguished and refined over thirties. When I started doing track days a few years back I was suprised to be told that as long as it wasn't racing I would be covered. I have felt smug about this ever since, only to have my bubble burst by a forum member last week. Apparently the indemnity form signed as part of registration for track days, means that insurance companies can't pursue other parties in the event of an accident. This then invalidates my insurance. True or false bro?