Ridiculously cheap insurance

**michael** · 23rd January 2009, 11:48

I just went into ASB and decided to ask about insurance (just out of interest). I've ben with KiwiBike for a few years now and they've been awesome. Anyway I got quoted from ASB $100 pa for a $11000 sports bike. Surely this cant be right? Anyone else insured through a bank and is it really this cheap? They must of forgotten a zero? I'm going in on Tuesday again to get a proper quote with excess and everything else.

**firefighter** · 23rd January 2009, 11:51

watching this one with interest.........make sure you let us know how it goes!

**Matt Bleck** · 23rd January 2009, 11:53

see if they offer trackday cover too

**michael** · 23rd January 2009, 11:53

Originally Posted by firefighter

watching this one with interest.........make sure you let us know how it goes!

I started laughing at her when she told me, I even said you cant be serious and she was like...."that's what it says on here". Obviously it wont cover track, which really sucks. But with the money I'll be saving I could drop my bike and afford to fix it anyway

**michael** · 23rd January 2009, 11:54

Originally Posted by Matt Bleck

see if they offer trackday cover too

Ye I will ask but I highly doubt it will. Will let ya know though

**hang0ver** · 23rd January 2009, 11:54

I got a policy written up of $60 for a 7K bike from AMI (3rd party + F&F)... Turns out the lady had no idea what she was doing. I read the policy carefully once it was posted to me, and promptly got my $60 refunded (which covered me for absolutely nothing).

**Fatt Max** · 23rd January 2009, 12:00

Possibly a balls up mate, check it out careful like and double check.

Insurance can be as cheap as you like but the real value is when you have to call it in.

**breakaway** · 23rd January 2009, 12:06

Insurance was $62.50/year on my RG150 for 3rd Party cover only

(Through BNZ)

But first party w/ fire and theft was $260.

They must have thought it was some kind of pussy scooter.

**Oakie** · 23rd January 2009, 12:08

Yeah, doesn't sound right. Even my daughter's $900 P.O.S. car with just 3rd party costs more than $100 pa.

**michael** · 23rd January 2009, 12:12

hope it is right. I'm paying way too much at the moment. Last time I called Donna at Kiwibike even she was surprised how much I'm paying. It pays not to have run ins with the red and blues when you're under 25.

**Max Preload** · 23rd January 2009, 12:13

Sounds like 3rd party, fire & theft, not comprehensive.

**michael** · 23rd January 2009, 12:39

Originally Posted by Max Preload

Sounds like 3rd party, fire & theft, not comprehensive.

Nope...full cover. But I'll only getting excited

when I see everything down on paper

**XxKiTtiExX** · 23rd January 2009, 12:55

Check up on that for sure, when searching for insurance for my car (yes its a car mind you) was only looking at insuring it for 3k full cover. My bank quoted me $2,500.00 per year.