Motorbike insurance

Paul_Canning

Paul_Canning

Paul_Canning

Associate
Joined
21 Sep 2007
Posts
453
Just wondering if anyone could give a rough guestimate on how much insurance would be for a 125cc bike used 90% for commuting.

I'm currently 22, 23 in January.

Also, is the insurance any cheaper if you hold a full license as opposed to simply having your provisional + CBT? If so, by roughly how much cheaper?

Any other insights, please post them.

Thanks
 
When I had just passed my CBT I bought a CG125 and got TPO insurance for £180 per year when I was 19. I told churchhil I had a full car license for 2 years but I don't think it makes much difference. When I passed my full bike test I phoned my insurance to tell them and they said it makes no difference to the price of my policy.

I've just bought a 2007 DRZ400SM now and I can insurace that for £450 per year TPFT having had a full bike license for 1 week and 0 NCB.
 
Are older bikes cheaper to insure?

I take it your new bike costs a lot because its new and high powered (whats the engine size?)

Like i said, id be looking at an old/2nd hand cheap 125cc commuter, nothing fancy
 
The base rate for insurance is based on a multitude of things, and it's different for every insurer. The most common are -
A. Your postcode rating area
B. Your age
C. Cover
D. Group of Vehicle

These are then furthermore affected by the age of the vehicle, wether it is garaged, wether you are married, previous claims/convictions, medical conditions, additional drivers, excess, value of vehicle, previous experience, if you are a girl, mileage, modifications, NCD, length of ownership and use.

If i were you i'd spend less than 2 minutes on an Aggregator like Confused.com and find out for yourself.
 
Older bikes are far less to insure. I think if it's 10-15 years old it qualifies for classic insurance. My 23 year old honda cb250 cost £250 or so to insure when I was 19. With regards to does the price change after your cbt, I don't think so, or if it does it won't be by very much. You can always ask the insurance company for a quote with a full license and see what they say.
 
i just tried Confused.com, gave me prices of £750+ putting in a 1 year old honda 125cc...

i matched details as best i could, i.e. i put that i would have passed my CBT and bought the bike this month. but still, somethings wrong there surely?

edit - i put down comprehensive cover, as i figured this is the best option? what did you guys go with? does 3rd party cover theft?
 
Sounds way too expensive. Are you sure you didnt select fully comp by mistake?

Try bennetts and ebike, and yes, having a full licence makes a big difference. When I retook mine last year a Yammy 125 4 stroke was £130 TPFT, when I passed my test a few weeks later a 600cc bandit was £95
 
confused only had the 3 options Zefan mentioned, they didn't have a "Fully Comp" option.

I will try again this evening at home, putting in better matching details, i.e. ill try n find a suitable bike make and model to use.
 
I've recently passed my CBT, am riding a Honda XR125L (Same engine as CG125), and insured TPFT through eBike for ~£250. I'm 31 and the bike is kept in the rear garden with a number of security devices.
 
I'm worried I might have to pay extra as I'm a student living in a shared house, in Liverpool!

OT - what are the best value for money security devices to get? (bear in mind the bike would be parked outside the house on the street, hopefully near a nice big lamppost)
 
Ok mate.

Fully Comp is the same as Comprehensive.

Excess is a figure insurers add to your policy in order to save themselves money against your claims, and subsequently, lower the price of your premium. It represents the initial amount payable by yourself before the insurance company will step in to help.

For example, you have a £200 excess, and you get hit by a car (or whatever), you will have to pay the first £200 of the damage before the insurance company will pay the rest. If the total cost of the damage you incurr does not amount to your excess (ie under £200) they will not pay at all. Of course, the lower your excess the better, but.. the higher your excess, the cheaper your premium.

there are certain situations where it wont count. My excess was waived last year when the 3rd party (the other person in the accident) admitted responsibility to my insurance company (never do that! ever!)

Living as a student in liverpool yes, your policy will be loaded. I work for an insurance company motorcycle department, so i can confirm this :P Of course, this rule is not the same for all insurers. Some brokers specialise in High Risk (ie.. you) policies. Adrian Flux may be a good bet. Devitts also.

Keep in mind that Confused wil not always give you the cheapest price. the way internet aggrigators work (people like confused) is that they only quote you BASIC policies. They then load you up on "compulsory" extra's when you phone up. i can confirm that also :P It just goes to show that whilst Confused might be useful, you can't beat ringing round and getting prices yourself.
 
You must log in or register to reply here.
Back
Top Bottom