Insane Motorcycle insurance quotes - Please help

benten69

bazzyb wrote: »

If you don't know what you're talking about then why bother wasting your time responding?

Maybe you need to practice what you preach before tolling peoples threads.;)

AstroTurtle

benten69 wrote: »

Maybe you need to practice what you preach before tolling peoples threads.;)

Probably because even if he was 17 that's the "Bare minimum" age by UK standards therefor insurance will be as high as 16 as the only reason he can obtain a quote at 16 is through EU law. So the Insurer will rate 16&17 exactly the same as that's where the minimum premium calculator will sit with the insurer.

fwor

benten69 wrote: »

No, go and READ what is written. Everyone is saying him being 16 and on an EU licence is the problem, however he has done a dummy quote for being 17 (UK legal age) AND a full UK A1 licence but his quotes are still the same.

We've read his posts. The problem is that a 17 year old inexperienced rider wanting to insure a 125cc bike will get insane quotes. An 18 year old rider doing the same will probably get something similar.

benten69

Right, well I just went on GoCompare and did a random quote for the following....

- 17 year old male
- living at home with parents
- full time student
- part time job as a sales assistant in a clothes shop
- full UK licence held for 1 month
- no immobiliser
- no mechanical security at all
- parked on the driveway over night in Reading
- Bike is a 2008 Yamaha YZF-R 125
- Bike worth £2500 (can get a 2014 bike for that price BTW)
- No no claims bonus
- No access to another vehicle
- Covering 8000 miles per year
- Never driven or been insured on any other car or bike
- £250 voluntary excess
- Third Party Cover Only
- Lived in the UK just over 6 years

Cost with MCE Insurance......just over £900 if paid in full or just over £1000 if paid in installments.

So why is the OP being quoted £3500 - £4000 even if he puts down his details as a 17 year old with full UK A1 Licence??

rudekid48

At 16 he will have no credit rating - impacts quotes
Not on electoral roll? - impacts quotes
Automated systems can't verify his identity? - impacts quotes
No 'legit' riding experience in UK? - impacts quotes
Changing age on websites? - triggers fraud alerts & impacts quotes
Changing licence type on websites? - triggers fraud alerts & impacts quotes
No proven experience with bike/car - impacts quotes

I could go on but you see the point? These would/could apply at any age for someone getting insurance for the first time...

benten69

rudekid48 wrote: »

At 16 he will have no credit rating - impacts quotes
Not on electoral roll? - impacts quotes
Automated systems can't verify his identity? - impacts quotes
No 'legit' riding experience in UK? - impacts quotes
Changing age on websites? - triggers fraud alerts & impacts quotes
Changing licence type on websites? - triggers fraud alerts & impacts quotes
No proven experience with bike/car - impacts quotes

I could go on but you see the point? These would/could apply at any age for someone getting insurance for the first time...

Now I agree with some of that, but it's the people who kept insisting its because of his age and licence and no other real valid reason that were not exactly being helpful who I was aiming at.

As for electoral roll - my dummy quote wont have been either
No 'legit' riding experience in UK? - not asked for in my quote, actually he has only "passed his test" 1 month ago
No proven experience with bike/car - dummy quote had that also

Obviously there are lots of reasons, but the age / licence is not the main reason the OP is getting silly prices which is what everyone kept insisting on.

verityboo

If the OP is 16 and got the high quote entering that age I am not surprised if, when he suddenly changed his age to 17, the premium did not go down as it probably triggered a fraud alert.

AstroTurtle

benten69 wrote: »

Right, well I just went on GoCompare and did a random quote for the following....

- 17 year old male (He is 16)
- living at home with parents
- full time student
- part time job as a sales assistant in a clothes shop
- full UK licence held for 1 month (He has an EU Licence which rules out a lot of insurers straight away)
- no immobiliser
- no mechanical security at all
- parked on the driveway over night in Reading
- Bike is a 2008 Yamaha YZF-R 125
- Bike worth £2500 (can get a 2014 bike for that price BTW)
- No no claims bonus
- No access to another vehicle
- Covering 8000 miles per year
- Never driven or been insured on any other car or bike
- £250 voluntary excess (How you have an excess on TPO?)
- Third Party Cover Only
- Lived in the UK just over 6 years

Cost with MCE Insurance......just over £900 if paid in full or just over £1000 if paid in installments.

So why is the OP being quoted £3500 - £4000 even if he puts down his details as a 17 year old with full UK A1 Licence??

Why don't you just insure him if your so keen on the risk haha.


Also Location is always a major factor, the post code one street from you can make a difference of 1000's of pounds.


I just did a test quote on an EU licence in Salford and cheapest was £2800 if I change that to Devon it's £1200


and AGE is a factor. Whether its 16 or 17. Both will carry the same premium loadings from an Insurers point of view as UK insurance is going to cater for 17 year olds more frequently than EU licence 16 year olds. So the Insurance calculators will rate 16&17 as expensive.

benten69

AstroTurtle, go back and read what has been said in regards to his age and his licence. When you have managed to comprehend what was mentioned earlier you'll understand why I put those down in the quote, but I will not waste time and energy repeating myself when people cannot understand the simplest of things.

As for postcode, obviously it can make a difference (hardly £1000's on a bike covered for TP only and only worth £2500 though). However I don't know where he lives, so I picked a totally random postcode and made the quote as "bad as possible" by putting things like no immobiliser, no chains / security, parked outside, etc even though the OP has said he can store it in a shed and has chains, locks, etc he can use if the insurers require it to reduce premium costs.

As for "excess" they asked for it and I selected £250, just stating what I put in as answers to questions, whether or not they take it into consideration when generating the quote is a different matter.

I am just trying to help the OP understand why they are getting high quotes when they set their age to 17 and licence to full UK A1.

Fraud markers and the likes are genuine valid reasons which may well be accurate. Saying "your young so its just that price and deal with it" does not help the OP at all.

So please feel free to get off your high horse.

AstroTurtle

benten69 wrote: »

AstroTurtle, go back and read what has been said in regards to his age and his licence. When you have managed to comprehend what was mentioned earlier you'll understand why I put those down in the quote, but I will not waste time and energy repeating myself when people cannot understand the simplest of things.

As for postcode, obviously it can make a difference (hardly £1000's on a bike covered for TP only and only worth £2500 though). However I don't know where he lives, so I picked a totally random postcode and made the quote as "bad as possible" by putting things like no immobiliser, no chains / security, parked outside, etc even though the OP has said he can store it in a shed and has chains, locks, etc he can use if the insurers require it to reduce premium costs.

As for "excess" they asked for it and I selected £250, just stating what I put in as answers to questions, whether or not they take it into consideration when generating the quote is a different matter.

I am just trying to help the OP understand why they are getting high quotes when they set their age to 17 and licence to full UK A1.

Fraud markers and the likes are genuine valid reasons which may well be accurate. Saying "your young so its just that price and deal with it" does not help the OP at all.

So please feel free to get off your high horse.

Explain where I got on my high horse trying to explain something to you? His age regardless of 16/17 is already pushed him into a high bracket for insurance rating.


Most insurance calcualtors work on a minimum premium followed by reductions or increasing based on risk.


Say the minimum premium in his area is £1000


£1000 excl IPT
+80% age
-10% bike rating
+40% Area (Code D)
+5% Driving Experience
+30% Licence Length Held
+20% Type of Licence




^ That's how most look behind the scenes. The fact of the matter is Age is a huge factor in this risk. and he would need much more positive changes to bring down the +% this carries before it counteracts the premium loading.