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22-07-2014, 09:22pm
(This post was last modified: 22-07-2014, 09:26pm by Belzybob.)
Anyone with insurance from InsureMyRide and related companies should check their renewals. When I insured my new Vstrom a few months ago I was a bit surprised when they wanted an additional premium for the remaining cover period; I was expecting a reduction or cover extension.
Thought nothing much of it until the renewal came in last week. The premium had gone up from last years Busa price, which I thought odd. I queried the price and was told that "different bikes have different risk ratings, its not just the engine size".
When I checked with other insurers such as Swann and other reputable insurers, I was getting prices around 2/3 of the original quote. Not only that but I was getting better cover and no 'limited use' provision.
Original quote was about $670, which they reduced to $628 when I queried it. Swann quote was $428 with no extra for monthly payments.
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(22-07-2014, 09:22pm)Belzybob Wrote: Anyone with insurance from InsureMyRide and related companies should check their renewals. When I insured my new Vstrom a few months ago I was a bit surprised when they wanted an additional premium for the remaining cover period; I was expecting a reduction or cover extension.
Thought nothing much of it until the renewal came in last week. The premium had gone up from last years Busa price, which I thought odd. I queried the price and was told that "different bikes have different risk ratings, its not just the engine size".
When I checked with other insurers such as Swann and other reputable insurers, I was getting prices around 2/3 of the original quote. Not only that but I was getting better cover and no 'limited use' provision.
Original quote was about $670, which they reduced to $628 when I queried it. Swann quote was $428 with no extra for monthly payments.
Cheers buddy, I had the same from insure my ride. I ended up going with YOUI. I have a xr6turbo and they managed to do a package. I ended up saving half, literally.
I only ride as fast as my angel can fly.(A Blue Angel)
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23-07-2014, 10:44am
(This post was last modified: 23-07-2014, 10:45am by Shifu.)
Similar story here with Insure My Ride mob two years ago. Had a cover with them for a year at a cost of $589. The next year the renewal came in with a premium of over $900! So I called them to make sure there was no mistake and was told the usual bul&it about the increasing cost of insurance. So I asked about the "under a dollar a day" and was told it is not applicable to sports motorcycles
Maybe they spent to much on advertising to offer any decent prices??
Checked with Swann -$595 including rims and riding gear. The bike is uninsured now and unregistered since i lost my licence, but I got it back now and the weather is improving every day
Interested myself what the price for insurance will be this year and who will offer the best deal.
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I told insure my ride to jam their insurance last year for the same reason.
Like Woody, I have it all bundled with Youi, but I'll give Shannon's a try this time around.
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I've got mine covered by Shannon's @ $365 as laid up, and youi have just come back to me a price of $408 with no limitations as to whether it's laid up or being ridden. Agreed value of $13,000.
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In January I renewed my insurance with QBE and as usual the premiums were higher than the previous year. I did a bit of searching and came up with a cheaper quote. I then rung QBE and did the usual what's going on. After a lengthy conversation with a nice lady she matched my cheaper quote and hinted that if I happened to be a member of any motorcycle club I would get premiums even cheaper. I just happen to be a life member of the ACTMCC and received insurance for around $360. Bike is insured for market value. Food for thought.
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Shannons price was about the same as Swann. I forget now who the third quote was, but that was about the same, but wanted a bit extra for monthly payments.
Note this is for an OF on a 2014 Vstrom, not a Busa.
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Forget cheap insurance if you have lost your licence for speeding.thats another excuse for the price to double just for the fun of it even with a 60 percent no claim bouns
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(23-07-2014, 08:43pm)busarat Wrote: Forget cheap insurance if you have lost your licence for speeding.thats another excuse for the price to double just for the fun of it even with a 60 percent no claim bouns
I take offence to being accused of speeding which is riding in a manner that endangers yourself or other road users and is not appropriate to the conditions of the road, weather, amount of traffic etc, etc.
I was only riding faster than the speed suggested by the road sign....
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That is common practice for all insurers...jack the price up and if the punter doesn't complain win for them. Some people are so lazy they cannot be bothered saving money. I always get another, (lower) quote to get my insurance company to tow the line and they usually do.
Smoke me a kipper I'll be home in time for breakfast
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I gave IMR the chance to improve the price, but they only knocked $50 off. Do you get the 'careful rider' discount Steve?
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Not since I binned the last Busa....LOL but I do get a fairly good premium given the new Busa is worth more than the last one.
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Shannon's for me.
None of the other's will do in writing what I wanted.
Agreed value, rider and pillions gear, extra's and mods listed, buy back any salvage,
do own repairs. 2 mates have had claims and were very happy.
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Can anyone please tell me why QBE is charging me $1008 and youi want to charge me even more even though I already have my ute insured with them?
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Growing up is a choice!
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(06-09-2014, 05:29pm)shorty Wrote: Can anyone please tell me why QBE is charging me $1008 and youi want to charge me even more even though I already have my ute insured with them?
It might have something to do with your age or riding history. Some insurers assume that when you younger you are a bigger risk.
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