Insurance

[Duke of Rogan]

Originally posted by vicki
I know it's not compulsory over here, but do you recommend it?

3rd party is a must, you never know when you may be involved in an accident, and if you're even more unlucky (and don't have witnesses) you may get blamed for something thats not your fault!

otherwise, insurance premiums for 1-years full cover are anywhere from 7-10% of the bikes actual value, not worth it if your on a cheapie I reckon.

not sure what 3rd party costs though...

[Redstar]

I was with Protecta and it was $520 changed to AMI $320 and only $250 excess.
the excess with protecta was $1000 if you hit a third party or $1500 if you are alone? thats cause most write offs you will be all alone I guess? or you did it trackday and throw it in the hedge on the way how? na thats fraud!
well I've done the Third party cover because the bikes paid off and I,m prepared to take the loss. $22 a year. not a lot.
AMI usually only cover you if you have a package of insurance house contents other cars ect.
but protecta will at least insure almost anyone at a price.
I think Swan are just the same company pretending to compete with themselfs? Protecta recommended me to swan when I moaned about the premium why would they do that?
remember that if your on HP it compulsory to have full cover and the bike shops make it easy by building the first year into the repayments. its year two thats the killer.

[Duke of Rogan]

thats a point, does anyone know of an insurance company that will cover track days?
John Baker only does Motorcycle Club members, not sure if that includes club organised track events. http://www.jbinsurance.co.nz/

I insured my last car with AMI under their classic car policy (it was a '72 BMW 2002tii) and this cover was super cheap, $100 excess and included club events!

[750Y]

thanks for posting up the quotes duke.
i just changed from star to swann through dave@kiwibike.co.nz.
dropped my annual premium by a couple hundy and my theft excess by $1500 and standard excess by $750 so cheers.
it's all good.

[Robbo]

I did this exercise a few years ago and John Baker Insurance Brokers came out on top for me. Their personal assistance was excellent and their promotion and sponsorship to various motorcycle clubs, including Ulysses, was most helpful and appreciated.

I currently pay $840 per year on $18k with a $500 excess. This also includes a $20k death cover, Mechanical breakdown to $1500 and a completion of journey in NZ to $500

All up this is a very competative package by comparison. also at the time I could not find any Insurance company that would give a third party only on motorcycles.

Cheers

[bungbung]

I have just gone though the qoutes circus. Dave@kiwibike.co.nz
provided three options Protecta, Swann and Star $715, $815 and $953 respectively for no 'no claims bonus' on $8500 bike

The Swann excess for theft is $500 vs Protecta $2500
The Swann excess for crash is $500 vs Protecta $130

I am going with Swann

Its a bit like betting on the horses isn't it?