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18-04-2003, 01:28am
Thats a hard one to answer Throwdown. As its very personal and with many different opinions. But the way I see it and acted;
When I first got my bike and new worth over 16-17, there was no question but to insure. I was able to get a good premium for the over 40's. The following year it went up a bit even with rating 1 intact. I paid it. Third year, went up again and still rated 1, I said f*** 'em. My bike was deppreciating, no claims and the premium kept going up. So rightly or wrongly I no longer bother insuring. I'm not all that comfortable with the idea but..........Im also sick of paying rising premiums at theyre leisure. And what made me more mad was seeing the GST element added to the premium while the stamp duty was still being added to the premium too.
Having said all the above, if I was an everyday rider which I am now not and if I like turning on that tap around the bends and corners, I may still be paying the premium.
So I dont like it, but I personally chose to insure myself now. Have come across a few now not bothering to insure. I still say its best to insure, but they dont make it any easier. And I hate them for doing that to us. I remember when the bushfires in NSW ran rampant, they mentioned how so many were NOT insured (perhaps content) and why werent they insured? coz its way too expensive it was claimed.
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When I first got my bike and new worth over 16-17, there was no question but to insure. I was able to get a good premium for the over 40's. The following year it went up a bit even with rating 1 intact. I paid it. Third year, went up again and still rated 1, I said f*** 'em. My bike was deppreciating, no claims and the premium kept going up. So rightly or wrongly I no longer bother insuring. I'm not all that comfortable with the idea but..........Im also sick of paying rising premiums at theyre leisure. And what made me more mad was seeing the GST element added to the premium while the stamp duty was still being added to the premium too.
Having said all the above, if I was an everyday rider which I am now not and if I like turning on that tap around the bends and corners, I may still be paying the premium.
So I dont like it, but I personally chose to insure myself now. Have come across a few now not bothering to insure. I still say its best to insure, but they dont make it any easier. And I hate them for doing that to us. I remember when the bushfires in NSW ran rampant, they mentioned how so many were NOT insured (perhaps content) and why werent they insured? coz its way too expensive it was claimed.
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