Insurance?

Discussion in 'Triumph General Discussion' started by Tricky-Dicky, Mar 22, 2021.

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  1. Tricky-Dicky

    Tricky-Dicky Crème de la Crème

    Dec 12, 2016
    2,462
    1,000
    Norfolk UK
    Just out of curiosity what are you older guys with modern Triumphs paying for insurance? Reason ask is my insurance for my Trident T160 custom is just coming up for renewal and I have been thinking about getting rid of it and getting something much more comfortable, but I am spoilt as I don't have to pay road tax or MOT currently so along with that and the possibility of increased insurance I am wondering if I should just stick with it, but it does mean that I just don't ride as much.
     
  2. Gyp

    Gyp Well-Known Member

    May 13, 2020
    325
    63
    United Kingdom
    On the 2019 Street Scrambler, new policy, no NCB was £105 in year 1, £132 in year 2 and £124 in year 3, fully comp, mid-50s, Gloucestershire.

    Now added as additional bike on multibike policy for about £80
     
  3. Cyborgbot

    Cyborgbot Elite Member

    Jul 5, 2017
    1,447
    800
    Surrey
    That’s not bad @Gyp I hope the excess isn’t twice the value of the bike...
     
  4. Tricky-Dicky

    Tricky-Dicky Crème de la Crème

    Dec 12, 2016
    2,462
    1,000
    Norfolk UK
    Just in the process of renewing mine and with four years protected no claims its £137, but I am adding agreed value for an extra £15, so not bad except the excess is £500, so it doesn't look like I would be too bad.
     
  5. Wessa

    Wessa Cruising

    Apr 27, 2016
    9,316
    1,000
    North West England
    I paid £245 for dual bike policy in my Thruxton R and Tiger Sport. Both new in 2019 so not to serious a price to pay.
     
  6. littleade

    littleade The only sane one here
    Subscriber

    Mar 17, 2015
    6,189
    1,000
    kidderminster Worcestershire
    Even people with the same bike/age/ncd's quotes will be different due to postcodes so try the bike insurer website picking a bike your interested in then saying you haven't bought it yet and put your own details in. That way you'll get an accurate idea of what you'll pay if you decide to change;)
     
    • Like Like x 1
  7. Gyp

    Gyp Well-Known Member

    May 13, 2020
    325
    63
    United Kingdom
    £300 excess with an agreed value of £8000 with the full list of modifications included and covered.

    £400 excess on my Harley with an agreed value of £18000, again with a full list of modifications agreed and covered.

    Total price for both £306.20

    Only pain is that I need to use an approved disk lock or similar
     
  8. Cyborgbot

    Cyborgbot Elite Member

    Jul 5, 2017
    1,447
    800
    Surrey
    We shouldn’t tell - if tin can drivers learned of our insurance premiums then EVERYONE would be doing it.

    Then we would lose the exclusivity as the exemplars of humanity.

    We don’t want riff raff riding bikes!
     
    • Funny Funny x 1
  9. Pegscraper

    Pegscraper First Class Member
    Subscriber

    Jun 12, 2020
    1,303
    693
    Yorkshire
    I paid £111 to add the Street Scrambler to the ZZR insurance on a FC multi-bike policy which I'd just renewed 3 weeks earlier. I intended to add the Husaberg to the policy last December when it's renewal was due but the quote was daft so I insured it on it's own for £72.
     
  10. Jadorff

    Jadorff Noble Member

    Apr 14, 2019
    750
    443
    Adelaide Australia
    iv been with the one insurance company for over 20years so I get a big discount a discount for having more policies with them . so it is a bit dearer in australia I pay for an agreed value,$1364 a year for a 2009 Bonneville
     
  11. Wessa

    Wessa Cruising

    Apr 27, 2016
    9,316
    1,000
    North West England
    You don’t get that kind of loyalty bonus here in the UK. [email protected] normally up the price at every renewal
     
    • Agree Agree x 3
  12. Gyp

    Gyp Well-Known Member

    May 13, 2020
    325
    63
    United Kingdom
    As my insurance in the UK is cost in the equivalent of A$144, I'm not sure I want that kind of loyalty bonus!!!
     
    • Like Like x 1
    • Agree Agree x 1
  13. littleade

    littleade The only sane one here
    Subscriber

    Mar 17, 2015
    6,189
    1,000
    kidderminster Worcestershire
    Mate you've got it all wrong, there is one but it's the insurers that get the loyalty bonus, not you:scream:
     
    • Funny Funny x 2
  14. andyc1

    andyc1 Lunarville 7, Airlock 3
    Subscriber

    Feb 4, 2017
    1,696
    1,000
    N. Ireland
    Here's a good one for you. I may not quite be an older guy as such but my wee street twin is near 300 for the year and my bonkers fast superduke is half that! I dont understand it either :confused:
     
    • Like Like x 1
  15. littleade

    littleade The only sane one here
    Subscriber

    Mar 17, 2015
    6,189
    1,000
    kidderminster Worcestershire
    Stop tyring to understand it Andy, it's a lost cause. Maybe they think the super duke is a super dream
     
    • Funny Funny x 1
  16. Jadorff

    Jadorff Noble Member

    Apr 14, 2019
    750
    443
    Adelaide Australia
    its expensive here two bikes two cars the house and contents ,is a few thousand a year here .and will go up again with the floods happening
     
  17. MEM62

    MEM62 Member

    Aug 24, 2020
    75
    18
    Basingstoke, Hampshire
    I have a multi-bike policy that is just up for renewal. This year it will cost me £230 to cover my 2020 T120 and 2016 GSF1250s. It does cover commuting and pillion but the only other extra included is legal cover. I don't usually go in for lid cover, kit cover, breakdown etc.....
     
  18. MEM62

    MEM62 Member

    Aug 24, 2020
    75
    18
    Basingstoke, Hampshire
    Underwriting is assessing risk through statistics. You are looking purely at which bike you consider to be the most lairy and assuming that should attract the higher premium. I doesn't work like that.

    Perhaps those with Street Twins crash more often or they are more of a target for thieves. It could also be the case that, in a similar crash the Street Twin will sustain more damage and be more expensive to repair. In all these (hypothetical) cases the risk for insuring a Street Twin would be higher than the risk of covering the KTM and therefore attract a higher premium - regardless of which might be the 'bonkers' bike.
     
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  19. sprintdave

    sprintdave Nurse,he's out of bed again

    May 25, 2014
    1,215
    450
    Birmingham
    I found I could get a better price insuring both my bikes separately last year.
     
    • Like Like x 1
  20. andyc1

    andyc1 Lunarville 7, Airlock 3
    Subscriber

    Feb 4, 2017
    1,696
    1,000
    N. Ireland
    Same here, and by a considerable margin!
     
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