Insane Motorcycle insurance quotes - Please help

Antaressq01

Hello, I'm not entirely sure if this is the right place to ask this but lets give it a try:
I'm a young male looking for motorcycle insurance and for some reason every insurance company i called gave me insane quotes (talking about £3500-4000 per year). Now here are some basic details about me: I'm in full time education but have a part time job that can easily sustain my bike, my bike is a 2008 Yamaha YZF R125, which is just about the 3rd most common 125 on the streets, I live in a nice area which is mostly suburban with low crimerate (mind you I'm only looking at Third Party coverage, not Comprehensive or TPFT), my bike is being stored in a driveway but "garage" or at least locked storage is also available for it. It has an Immobiliser with and alarm fitted on it, a Datatag kit, a heavy duty gold rated chain and a disc lock for security. And i'm willing about £500 excess if needed but it didn't seem to affect my quotes too much. Now here is the part that MIGHT be questionable but please read through. I'm 16 and I live in the UK for about 6 years and have a FULL EU A1 license. I rang the DVLA and they said I'm completely legal to drive with that license and if I want to they can swap it in for me once I turn 17 for a FULL UK A1 license. Now I've been riding for about a year prior to this in another country and I had absolutely zero criminal convictions or insurance issues/claims so all clean on that department. I also asked the insurance companies if they could just check their quotes pretending as if I was 17 with the full UK A1 but the quotes were only a few hundred pounds cheaper generally. I have looked online and on some general insurance estimate sites and i was genuinely expecting around £500-800 per year for insurance on my first year in the UK in fact one of my classmates at my college has the exact same bike but his one is a 2010 and he paid £650 for his first year and that was also TPFT not just TP. If anyone knows what the hell is going on I would greatly appreciate any input to try to figure this out.

forgotmyname

If its 3rd party you wont have an excess will you? You cannot claim for your bike so what will the excess cover?

Your disc lock can be removed in under 30 seconds, the chain with a decent padlock may take 3 minutes.

Your 16 and cannot ride a 125 on a UK licence? So there maybe the issue.

Your a UK resident with a non UK licence? And a vehicle you not allowed to ride on a UK licence?

And then there is the its a common bike high on the theft register. Low crime rate? doesnt mean low insurance claim rate.

Mate had his car parked against his garage every night, the only night he didnt have the car there his bike was stolen. Must have been watching for it.

Antaressq01

In response to this:
You are legally allowed to ride a 125 as long as you have an A1 license or equivalent within the EU. My license is a fully valid EU A1 and as I said the DVLA themselves confirmed that I'm 100% cleared to drive with that, this has been mentioned to the insurance companies too. As i also mentioned I asked them to do a quote with my age being 17 and also a full UK A1 license and as i said it had little effect.
I understand what you are saying about the security but I have a CAT 1 immobiliser and alarm on my bike which is literally in front of my house, the moment it's straightened up from the side stand and even a little bit moved without me deactivating the alarm it will go off. Also it's relatively unlikely considering there are literally 2 other bikes parked in my street both without any kind of protection apart from 1 having a disc lock. Since I'm not applying for TPFT, security shouldn't be an issue under any circumstances because even if they steal my bike I wouldn't be able to make a claim on it regardless of the situation.
The bike is fully UK registered bought from an approved dealer and since i'm a UK resident but also a European citizen I could have the choice to do my driver license in another EU country since I could get my A1 when I'm 16 instead of 17 and because it was cheaper too.
My area is a small community where most people know each other either way and there is a Metropolitan Police station just down the street and a primary school nearby. The worst people you can meet here is a bratty kid with entitled parents. In my eyes this area is extremely low theft rate, in fact from the years living in this area I doubt I have ever seen or heard any vehicle being stolen from here, mind you the post code for this area also covers a very small section there is probably about 150-200 households or so under the first section of the postcode

benten69

First of all which insurance companies were these? Also, have you checked quotes for TPFT? As surprisingly TPFT is usually cheaper than just TP. Not sure why, but from my own experience that seems to be the case.

Try BeMoto for insurance, they are meant to be quite good. Run by bikers for bikers kind of thing, so they might be able to help out more than your basic "computer says so" type insurance companies.

Also, if you mention "44teeth" promo code during the call you will get free excess contributions up to £500

https://www.bemoto.uk/44teeth-road-bike-insurance

Norman_Castle

You are legally allowed to ride a 125 [at 16] as long as you have an A1 license or equivalent within the EU

The dvla might consider this legal but insurers are unlikely to welcome anything unusual.

agrinnall

I'm quite surprised that any insurer will offer you cover when you're riding a bike at an age that would not be legal for a UK licence holder, even if you claim it is legal for you. Your options would seem to be pay the premium or wait until you're 17 (and if you wait don't forget to SORN the bike).

benten69

Norman_Castle wrote: »

The dvla might consider this legal but insurers are unlikely to welcome anything unusual.

agrinnall wrote: »

I'm quite surprised that any insurer will offer you cover when you're riding a bike at an age that would not be legal for a UK licence holder, even if you claim it is legal for you. Your options would seem to be pay the premium or wait until you're 17 (and if you wait don't forget to SORN the bike).

You both seem to be missing the fact he has already done quotes where he has put his age in as 17 and with a UK licence to check if that is the reason, but the price is still coming in ridiculously high.

elverson

A 16 year old who's still at school keeping a fast motorbike in full view of the street where it could easily be nicked using a van? Can't see why that would be expensive to insure.

macman

Since the OP is only seeking 3rd Party cover, then the theft risk is irrelevant to the quote, which is purely based on the risk that an inexperienced 16 year old on a motorbike poses to other road users, pedestrians and vehicles.
OP, have you tried adding an older adult to the policy as a second rider?

benten69

elverson wrote: »

A 16 year old who's still at school keeping a fast motorbike in full view of the street where it could easily be nicked using a van? Can't see why that would be expensive to insure.

A 125cc with 14.6 bhp that is only good for an indicated 80 MPH (real speed of 75-ish) is "a fast motorbike" is it?

Being easy to nick is irrelevant for TP only insurance.

MEM62

elverson wrote: »

A 16 year old who's still at school keeping a fast motorbike in full view of the street where it could easily be nicked using a van? Can't see why that would be expensive to insure.

Fast? I take it you don't ride :rotfl:

The issues are;
* Foreign national?
* No UK NCB
* Riding a 125 at 16
* Declared as being stored on driveway (Garage pretty much essential for a decent quote in my experience)
* Student rather than employed

Sorry OP, I think the quotes that you have might be as good as it gets for you. However, if all you have used is comparison sites, I would suggest trying a specialist motor insurance broker. They may be able to do something better for you as they will access to the underwriters.