Insurance costs!

[weeksy]

I paid £1200 to insure my Velar.

And a fortune to service and a shit-tonne of depreciation ? lol

[Taipan]

I paid £1200 to insure my Velar.

And a fortune to service and a shit-tonne of depreciation ? lol

Actually the service wasn't as bad as I thought as it came in at £840. The quote of £23-24k was for an outright trade buy. I'd retail it for £8-10k more than that if I was going to sell it, but yes, still a big hit on purchase price. I was in the motor trade long enough to know that was coming though. If you pay top price for a low mileage car with FMDSH from a main dealer, you're always going to struggle to get anything decent back when you sell it as a private individual, but i'm also wise enough to know you don't ever want to own a cheap Range Rover...

[MrLongbeard]

I paid £1200 to insure my Velar. Out of interest I got a quote for the v10 Lambo on RevComps...

The following quotes are for Taipan (policyholder) on a LAMBORGHINI GALLARDO SPYDER (LF06KUN) with Comprehensive cover starting on 7 September 2024. Annually £625.79
Excess £200 voluntary £350 compulsory £550 total

Ok, I'll play

Fully comp on the lambo;

lamb.jpg (81.3 KiB) Viewed 1497 times

[The Spin Doctor]

I paid £1200 to insure my Velar. Out of interest I got a quote for the v10 Lambo on RevComps...

The following quotes are for Taipan (policyholder) on a LAMBORGHINI GALLARDO SPYDER (LF06KUN) with Comprehensive cover starting on 7 September 2024. Annually £625.79
Excess £200 voluntary £350 compulsory £550 total

Ridiculous... I'm insuring a cooking 600 with a value of under £2k, 3rd party only, and it's costing almost exactly the same amount.

[Taipan]

I cant work it out either. Supercar performance with high rebuild costs, yet such a low premium. Mind you my mileage is capped at 3k per year, and only social domestic use with no commuting, so i guess that is a factor?

[Mr. Dazzle]

Mileage is capped at 3k per year, and only social domestic use with no commuting, so i guess that is a factor?

Yep.

More miles obviously mean more chance to crash.

Not having commuting means you probably don't drive during rush hour when there are lots of other vehicles about, all in....err....a rush.

[MrLongbeard]

Mind you my mileage is capped at 3k per year, and only social domestic use with no commuting, so i guess that is a factor?

That's rough, my quote was for 15k a year including commuting

[Yorick]

I cant work it out either. Supercar performance with high rebuild costs, yet such a low premium. Mind you my mileage is capped at 3k per year, and only social domestic use with no commuting, so i guess that is a factor?

I was once asked about mileage as they had a limit.
I said that I did about 3,000 a year on road and same on track. So if they ask for clock mileages it will prove nothing.

[Bustaspoke]

I was once asked about mileage as they had a limit.
I said that I did about 3,000 a year on road and same on track. So if they ask for clock mileages it will prove nothing.

What happens if the insurer's put the onus on you to prove that the excessive KM's were NOT done on a public highway?
IMHO they're a bunch of bandits & would try to wriggle out of a claim.
I shopped around earlier with my car insurance,it runs out in 3 weeks,the renewal went up £5 to £250,I shopped around & got insured for £175 with protected no clains.I can't remember when I last managed to get a reduction despite having full no claims & shopping around every year.I hope I can get a similar result when the bike insurance is due

[Yorick]

I was once asked about mileage as they had a limit.
I said that I did about 3,000 a year on road and same on track. So if they ask for clock mileages it will prove nothing.

What happens if the insurer's put the onus on you to prove that the excessive KM's were NOT done on a public highway?
IMHO they're a bunch of bandits & would try to wriggle out of a claim.
I shopped around earlier with my car insurance,it runs out in 3 weeks,the renewal went up £5 to £250,I shopped around & got insured for £175 with protected no clains.I can't remember when I last managed to get a reduction despite having full no claims & shopping around every year.I hope I can get a similar result when the bike insurance is due

I went to a different insurer.

[MrLongbeard]

£108 FC for the Harley, even with the wife on the policy

Bastards have put it up this year, £111 fully comp

[tricol]

I'm finally down to sub £200 a year, £175 fully comp for me. Although my excess is probably still a bit high.

[Felix]

Here is me greeting at £180 Fully comp.

[Dixiethedog]

I think insurance costs are pretty good for me. I am 60, I have a clean license, live in a low crime area (if such a thing exists?) and for my modified Hayabusa I managed to get fully comp for £70-ish with a £20 admin fee from Bennetts.

However, I spoke to Bennetts the other day, to ask if I could have a multi bike policy and they told me the broker they used for my Busa did not do multi bike policy's. Which is a bit of a pain.

So, I am at the moment tempted to cancel the policy and get a new quote for a mult bike policy from elsewhere. I did a quick search on a comparison site and found a place that would do the Busa and my FJR1300 for (I think?) about £110. Which is fantastic value! I have a KTM Duke stashed away that needs an MOT so I should probably add that to my quote requests.

What gets me about the costs of it all is the blooming road tax. I have a Nissan Qashqai that does about 12K miles a year and the road tax is £20. How do the govt. work out bike taxation? It puzzles and annoys me!

[asmethurst99]

3rd party on my cbr900 (1995) is 189.
E postcode in London

[BBB]

First time I'll need a multi bike policy, have been recommended footman James. Any others to consider?

[Dodgy69]

https://www.expressbikeinsurance.com/pp ... 08QAvD_BwE

[KungFooBob]

Hastings do multibike. Any number of bikes as long as the value of them all doesn't exceed £20k

[MrLongbeard]

Hastings do multibike. Any number of bikes as long as the value of them all doesn't exceed £20k

So old tat, one new bike would tickle their limit.

[KungFooBob]

I've got my 2016 R1200GS, 1992 GSXR1100N and 2024 BSA Goldstar all on the same policy for under £300.

The BSA is less than a year old :p