Triumph Insurance... why?

Wow that seems heavy. My T100 costs 98€ pa for tpft, including assistance.

 

I'm with Bennett's at the moment - but I keep getting lower quotes from Swintons who I have my car with - so when it comes up for renewal I might check out Swintons .

 

Without knowing your age, riding experience, NCB, penalties, area you live, value of bike etc etc, it's hard to compare.

I use comparison sites and go direct to get quotes.... just be wary of the excess .. a low quote may mean a hi excess should something go wrong .... after 18 years no claims I take the risk of a higher excess to have a lower premium.

currently I'm with Bennetts.

38yo
Daytona 955i
19 years riding with no claims ever
clean license
bike kept in garden (private property to me and you)
(Datatool immobiliser)

Just over £100 TPFT.

 

Wife and I both insured again with Carole Nash. Bennetts offered the lowest quote but we liked the extras that come as part of Carole Nash like European breakdown and recovery. I've also heard good reports about the claims process compared to Bennetts. Also I told Carole Nash about all the extras I had fitted to the Tiger including an Arrow exhaust and the policy price actually came down by £5.00. They are also decent to deal with on the phone

 

The pricing of all sorts of insurance is really easy to understand - it's because they can !!!!

Motor insurance is obligatory, this puts the ins companies in an enviable position of having a market in front of them which is obliged to buy one of their products.

I was involved with these companies for many years and I can assure you that the premiums proposed have only a small component and logic and cost-base to them. The operating directors look at the market place and decide who has got money and who has not; so let's say they decide the market they want to approach is over 50, with quality expensive bikes such as Ducati/Triumph or BMW. These owners have money, they are in the socio-economic group A,B,C. Now that we know who we're after and what they ride we need to know where they live.

We task our actuaries to evaluate the risk in our chosen market and they provide the figures. We the directors decide how much profit we want to make from this market sector (this is the largest portion of the eventual premium) and buy multiplying one with the other we get a given premium. We don't want 25yr olds for this product so we rule them out by quoting enormous premiums and if they are daft enough to pay - we're all off to the Bahamas next week-end!!!!

Bottom line? Do your research, check carefully the details of what is being proposed (read the T &C's carefully) and then just buy what suits you.

Yes someone else in apparently similar situation gets cheaper premiums but really the details do matter when it comes to insurance.

Just to give you an example: if making a claim for theft of a car, the insurance company will look for evidence of the theft. The car has now been found. The company will inspect the car for evidence that the car was broken into. If it doesn't find any - because the thief used electronic methods to open the car and to drive it away - then they will refuse to pay !!!!! This is becoming more and more relevant with the latest cars having keyless entry and start features.

This evidence varies from company to company so it's really important to understand under what conditions they are promising to pay.

 

I've just insured through Swinton . Other quote were within £20/30 . I tried saga due to my age! , but some of the loading excesses were higher.