Question - honda riders club + the insurance reduction

[bikerboy011]

Am with the Honda riders club but am not insured through them, insured with star it cost me 1200$ a year and my excess is like 2.5k bloody hell.

[bikerboy011]

And i got a clean record not a single ticket over the last two years

[R6_kid:Me]

+1 for kiwibike

my premium on my GSXR1000k3 is $1400, considering my history i was pretty bloody happy to get insurance at all, no tickets for a year and he'll half my premium and the excess too. Agreed value on the bike, and trackday cover assuming i call up first and it's an approved provider. If the premium was to be $700 then it'd be cheaper than insuring my old bike when i had a clean licence, at a lower agreed value, and with 30%+ worth of discounts.


I'm a happy chappy

[Hanne]

They are with Star or Swann.....I have read Star's policy and there is a clause about if claiming theft a minumum $2000 excess applies...

Holy crap, 2K? My bike cost less than that to buy in the first place! One thing I noticed in my policy was that they will insure the bike for market value, only thing is they asked for what I bought it for which is now quite a bit UNDER market value (after I bought her everyone wanted a 250). How do you calculate current value, just by looking on TM?

[klyong82]

Holy crap, 2K? My bike cost less than that to buy in the first place! One thing I noticed in my policy was that they will insure the bike for market value, only thing is they asked for what I bought it for which is now quite a bit UNDER market value (after I bought her everyone wanted a 250). How do you calculate current value, just by looking on TM?

Well you will normally go to my bike shop and get them to give you a valuation which in my opinion is the price that the shop will buy it off you and not the price what the shop sells its for.

Example if you go to shop and say how much will they think it is worth for a 1990 CBR250RR MC22 the usual figure I know they will say is $4000 plus minus 500 looking at the condition etc etc even though they have one selling on the showroom floor from $5500 to $6500. The value is around the $4000 mark.

If you crash your bike the insurance company may ask for a valuation of your bike and that will be the figures assessors will give the insurance company. In your case for the policy stated as MARKET VALUE if the shop says the ZZR is worth $3000 and you insured it at $2000 then I think you will be given a cheque of $2000 as that is the lower sum.

If you insured it for $3000 and the shop says it is only worth $2000 then you too will get a $2000 payout. They will always pay the lower sum cos they are %$^%#. So it is always important to give a good estimate. Hope it helps...but please others correct me if I am wrong..

[BANZAI]

Hmmm isit because Zim got Honda? or just because he got something other than GN250, so everyones trying to help him out a lot???

I'm jealous

[EJK]

+1 Kiwibike.....I pay $580 a year for my Fireblade bloody good price and includes roadside cover and track days...

Ah what?? What a big bull! I pay $360 a year and it's only a 150!

[Dakara]

Well for my 08 CBR600RR here's my offers:

State: $1200 premium, $700 excess
Tower: $2100 Premium, $250 excess, or $2k excess if stolen
AA Insurance: $980 Premium $250 excess (I am an AA member, and have cage insurance with them)
Kiwibike: Option 1 - $660 premium, $700 excess, Option 2 $880 premium, $250 excess.

I'm 25, and had 1 claim the past 5 years at the time of the quotes which was theft of my car stereo. Having binned the other day i expect those numbers to increase.

My mate who's about 40 with a clean insurance and driving record pays about $1200 premium for the Honda insurance on the same bike.

[klyong82]

Hmmm isit because Zim got Honda? or just because he got something other than GN250, so everyones trying to help him out a lot???

I'm jealous

I think your time is up so its time to move on yeah Honda...lol by the way found me a Japanese girl yet (I want a nurse)?

Ah what?? What a big bull! I pay $360 a year and it's only a 150!

It was depends on what bike you bike EJ....mind you I got a 1000cc valued significantly greater than a FXR.

[BANZAI]

[QUOTE=klyong82;1644269]I think your time is up so its time to move on yeah Honda...lol by the way found me a Japanese girl yet (I want a nurse)?

Muhahaha that means I'm not as noob as Zim anymore

Btw no time to find Jap girl for you, too busy helping parent's job and all that stuff.

Need to find Jap girl for me first

[klyong82]

Well for my 08 CBR600RR here's my offers:

State: $1200 premium, $700 excess
Tower: $2100 Premium, $250 excess, or $2k excess if stolen
AA Insurance: $980 Premium $250 excess (I am an AA member, and have cage insurance with them)
Kiwibike: Option 1 - $660 premium, $700 excess, Option 2 $880 premium, $250 excess.

I'm 25, and had 1 claim the past 5 years at the time of the quotes which was theft of my car stereo. Having binned the other day i expect those numbers to increase.

My mate who's about 40 with a clean insurance and driving record pays about $1200 premium for the Honda insurance on the same bike.

I think the clear winner is kiwibike here glad I am with them did you insure the bike at the price you bought the bike? Swann from Kiwibike has breakdown service so that's a added bonus.

[Dakara]

I think the clear winner is kiwibike here glad I am with them did you insure the bike at the price you bought the bike? Swann from Kiwibike has breakdown service so that's a added bonus.

Yea I will do when it arrives next month, or when I'm out of plaster

[Drew]

I was curious when I saw this thread, but in all honesty, couldn't bring myself to join the Honda riders club, just riding one brings my sexuality into question enough already.

[EJK]

I think your time is up so its time to move on yeah Honda...lol by the way found me a Japanese girl yet (I want a nurse)?



It was depends on what bike you bike EJ....mind you I got a 1000cc valued significantly greater than a FXR.

Yeah, only $200 difference between a 150 and a 1000?

[Zim_Invader]

so to list up all the insurance providers worth a look into:

AA,
AMI,
kiwibike ( - swann & state)
HRC


any others i myt have missed. have got some quotes... (not been the most impressive. some random company uoted my premium to be 2200 - i was like wtf!! that's half my bike! farQ no!)

hehe, so will do more looking