Motorbike Insurance

Shorrtybearr

Anyone here a young motorbike rider?

I've been quoted as £900+ for my insuance which is freaking high as far as im concerned! However it is lower than others which usualy average about 2k :shocked:

Does anyone have any tips on lowering thc costs?

I know full well my age (21) coupled with the area i live (north London) and my bike (YZF-R6) doesnt help my cause at all
I have offroad parking in what i consider a locked compound (backgarden, 6+ft walls, locked gate leading out onto private property) and a hefty chain which gives insurance discounts plus an alarm, datatag and hopfully an alarmed disclock when i can find one.

I was thinking of maybe buying a secondhand cheap 50cc scooter and insuring it for a year to get me a no-claims and a discount. Hopefully this'll give me a significant drop in price for the R6.
However im not too savvy on the terms of insurance cross overs, would the second year discount apply for a different bike? I know the no-claims will help but not by much (ive been told).

Any ideas?

Take care,

SB

Kavanne

Hi I'm a 21 year old girl!

I had 1 yr no claims on an A2 restricted license. Just bought a brand new Suzuki gladius (so 650cc) and that was £540 inc helmet cover and £300 excess. also mine is garaged overnight and i put on a low annual mileage to save a bit too.

With my boyfriend on, who also has 1 yr no claim it rocketed to £900.

In London do you really need a 600cc bike? I had a Yamaha YBR125 for commuting and that was £300 full comp as a new rider.

Shorrtybearr

Kavanne wrote: »

Hi I'm a 21 year old girl!

I had 1 yr no claims on an A2 restricted license. Just bought a brand new Suzuki gladius (so 650cc) and that was £540 inc helmet cover and £300 excess. also mine is garaged overnight and i put on a low annual mileage to save a bit too.

With my boyfriend on, who also has 1 yr no claim it rocketed to £900.

In London do you really need a 600cc bike? I had a Yamaha YBR125 for commuting and that was £300 full comp as a new rider.

Did your second year discount carry over from your 125 to your 650?

No i definetly dont "need" a 600 but who just gets what they need nowadays!

In london i dont really need anything above a 125, sometimes even having gears is a pain in the !!!.

Its not really fair about the whole gender thing but then again i suppose women are more sensible drivers, if only they knew how i ride they'd definetly insure me!

I had a harsh lesson involving a wall, concrete and no helmet....now i set off airport metal detectors :cool: ( with my shoulder not my head! )

Kavanne

yes, but you can only NCD on one policy at a time.

get a ybr125 I would recommend them. Don't get a 600 til you need one, I only got one as my mum has moved a 2.5 hr drive away which the YBR can't handle!!

Shorrtybearr

cool thanks, i think getting the cheap 50cc and insuring it for a year would work out in terms of costs.

I would have went for a 125, probably the YZF R125 but.....i already have the R6

thanks for the info though, appreciated. :beer:

Kavanne

sell it!! you fool. did you not look into this before you purchased? I have little/no sympathy.

Shorrtybearr

Kavanne wrote: »

sell it!! you fool. did you not look into this before you purchased? I have little/no sympathy.

hehe i am/was prodigal with my money, thats why im here now. I did actually buy it a while back. I fully intended to get it or one like it in the future so i figured the deal was good enough for me to buy it then hence the reason i havent and dont intend to sell it.

Now im in a position where i can use it to get to work so i started looking into insurance. Should have in hindsight baught a smaller one aswell (or instead of) to use and get no claims/discounts.

cirrus1007

My advice - shop around. I passed my test last Oct and have a YZF600R Thundercat. Little older than you but paying £100 a year FC. Just shopped round.

madnlooney

cirrus1007 wrote: »

My advice - shop around. I passed my test last Oct and have a YZF600R Thundercat. Little older than you but paying £100 a year FC. Just shopped round.

who is this with?

Also would getting it restriced help the price come down? then when you built up NCD unrestrict it

lisyloo

Are you going to ride over the winter?

If youa re not riding over the winter you could get a "pay as you go" policy from ebike.
Monthly it's more expensive, but over 12 months it might work out cheaper if you are riding for 5 or 6 out of 12.

They also do an NCD accelerator giving you 1 year NCD after 8 months.
I think it might be 8 continuous months but you'd need to check.

It also might be worth doing a bike safe course for £30.
http://www.bikesafe.co.uk/Bikesafe/Bikesafe2000/england/metropolitan/metropolitan.html

It's worth doing anyway, but in my area they give you a certificate that gives a discount off your insurance.
It's not huge, but it all helps and everyone I know who's done one says it's very worthwhile.
http://www.bikesafe.co.uk/Bikesafe/Bikesafe2000/england/metropolitan/metropolitan.html

missile

Makes no sense to keep an R6 for a year and not ride it. You might even be tempted to ride without insurance.

An r6 is a poor choice for commuting in London and a very poor choice for an inexperienced rider. You would be better trading it for a more appropriate bike.

However, riding bikes is about choice and whatever rocks your boat. If you can afford the insurance good luck.

Many insurance companies give discount for pass plus, IAM, ROSPA and membership of an approved organisation like MAG. Advanced training may save you from head butting another wall.