Can I be insured?

[1vanvan1]

I just gave kiwibike insurance people a ring, will cost $1083 per year for insurance.
Does that sound about right?

Kinda. Not really though! That is a lot!

I would definitely do some more research and ring around a bit more. I would of though it should be around 600

[Grumpy Gnomb]

If Kiwibike said $1083 that would be right but dont think $600 sounds right

[McJim]

It's an '08 250 Ninja - that's worth a fair amount.

I'm 38, my bike is worth about $6,000, I have full no claims bonus and a full licence. Costs me about $350 per year.

You're 15, your bike is worth $7,000, you have no driving history and a learner licence. About $1,500 would be about right. Kiwibike have offered you a bargain for peace of mind. You could reduce this by buying a less valuable bike though.

[helenoftroy]

My son Sam(Casualty) got his cbr250r almost a year ago,he was 17 and on a learners license

Best deal that we went with was with AMI.Bike insured for $5000,full cover,$200 excess for fire,theft etc,$500 all other claims.Annual premium $750

Might be worth a call?

[Griffin]

15yrs old riding a brand new 250 Ninja, working 40+ hrs a week and no debts. Thats pretty blardy cool.

Ring all the major Insurance companies... disclose everything, get quotes, find out excess amounts and 'special' conditions that may affect any claims and then go with the one that suits you best. Doesnt seem to me that money is a huge issue here.

What really counts is that the Insurance Company you choose has their shit together when it comes to crunch time... in this regard, some companies are crap - tho I wont State the obvious.

[CookMySock]

We didn't even bother to begin getting prices for insurance for our learners. Basically you are near enough to be uninsurable, not because of you, but because of them.

The only real way around this is to insure yourself. Save up the money you would have spent on insurance and put it aside. The plus is, you get to KEEP IT !

You will also have a vested interest in keeping you and your bike safe. Somehow others on KB seem to think this is a liability not a benefit, but I would rather ride with someone who had a vested interest in their insurance than did not.

Many large companies in NZ insure themselves - itsa perfectly normal business practice.

Steve

[Tank]

We didn't even bother to begin getting prices for insurance for our learners. Basically you are near enough to be uninsurable, not because of you, but because of them.

The only real way around this is to insure yourself. Save up the money you would have spent on insurance and put it aside. The plus is, you get to KEEP IT !

You will also have a vested interest in keeping you and your bike safe. Somehow others on KB seem to think this is a liability not a benefit, but I would rather ride with someone who had a vested interest in their insurance than did not.

Many large companies in NZ insure themselves - itsa perfectly normal business practice.

Steve

ARRRRGGGGGHHHHHHHHHHH (Frustrated cry from whenever I see some of the total and utter shit that you write).

Just phone around and get prices as others have said.

Its NOT true that you are close to uninsurable - I was riding (legally) a 800cc bike on my learners and it cost me no more than if i was fully licenced (Protector). It may be helpful to get the dealer to call them for you also as they often have a relationship with them.

As with all businesses - they have different focuses so try all of the insurance places I'm sure you will get different prices. regardless - you can be insured - and its not necessarily going to be that expensive.

I also have a son who was licenced to drive a high performance targa car on the road - and that wasn't that expensive either.


As for insuring yourself - DB is again so far off the radar on how to insure yourself its not funny.

Using his model you save the money you would have spent on insurance and put it aside just in case.

Assuming you have no accidents in a year you have (say $600) sitting there. You have an accident where you ride the bike into the side of a car (luckily you are not hurt - bad news is that its a new Merc you hit).

Your bikes a write-off due to damaged front end and the Merc has 2 damaged panels and a bonnet with a big head shaped dint - cost to repair $5000.

Its OK you say - I have $600 saved to pay for a new bike and fix your car. Oh Oh - bit short - so you end up sans bike and a debt to pay off the damage to the car.

DB - Business 'insure' themselves by conducting a cost vs risk analysis - how you can believe that the effectively low cost is not worth mitigating against a high risk - then - yet again - the only thing dangerous is the little thoughts that swirl around that funny shaped head of yours.

[Tank]

It might be worth it for the person you crash into, but they are hopefully insured. LOL.

DB

Just a question DB - are YOU insured?

[adam1194]

15yrs old riding a brand new 250 Ninja, working 40+ hrs a week and no debts. Thats pretty blardy cool.

Not riding a ninja just yet :P
Waiting for a green one to arrive, 'cos its green it goes faster.
Its not that hard to work 40+ hours per week, id prefer to earn money and save for bikes and cool shit that sit in social studies haha.
Right?

[adam1194]

We didn't even bother to begin getting prices for insurance for our learners. Basically you are near enough to be uninsurable, not because of you, but because of them.

The only real way around this is to insure yourself. Save up the money you would have spent on insurance and put it aside. The plus is, you get to KEEP IT !

You will also have a vested interest in keeping you and your bike safe. Somehow others on KB seem to think this is a liability not a benefit, but I would rather ride with someone who had a vested interest in their insurance than did not.

Many large companies in NZ insure themselves - itsa perfectly normal business practice.

Steve

]
How long did you stay in school for?

[portokiwi]

Wish I could own a bike less the ten years old let alone 15 and getting a brand new ninja.
Remember you are 15... Dont kill yourself on it... ITS VERY FAST.

[Qkchk:Me]

Hi Adam,

Have you sat your Theory yet?

[-easy--rider-]

hi my dad brought a brand new bike and didnt have lisence and told them that i would be riding it sometimes. it was about $500 a year through a company specilsing in motor insurance. it includeda roadside asistance type thing to and i was covered if i crashed i. im 15 as well and i work 60+ hours a week.

[The Stranger:Me]

DB - Business 'insure' themselves by conducting a cost vs risk analysis

To expand on this a little. A construction company I was with saved $80,000 of premium pa by carrying it's own insurance on motor vehicles, plant and tools. Security was beefed up for the plant and tools and people under the age of 25 were not allowed to drive company vehicles. The saving were significant.

Also the replacement of any lost equipment etc was tax deductable.

These benefits are not available to joe average.

DB, you're a fuckwit!