Insurance? Comp vs TPFT in this day and age.

Rilot

Rilot

Rilot

Don
Joined
18 Oct 2002
Posts
23,268
Location
Wargrave, UK
Is there really any point in Comp insurance for bikes these days? I mean, with prices so high for making a claim and excesses at the £500+ level the only time you're going to claim is if you totally bin your bike in a big way. A stand fall or a lowside will be cheaper to fix yourself than make a claim.
TPFT for my Tuono is £80 per year, Comp is £260. Not a huge amount of money but still.

Do you bother with comp?
 
I do, but that's mostly because everything on my bike costs about a billion pounds to fix. Think I pay about £450 vs about £200 TPFT.
 
Rilot said:
Do you bother with comp?
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Nah, stopped getting comp maybe 5 years ago for precisely the reasons you highlighted, that being said, i suppose if you have a sportbike thats bathed in lots of nice expensive body work, then comp might be worth it.

But for me personally not worth it, i managed to save just over £200 making the switch ( £360 -> £146 ), if i had a garage & didn't have to park out front, i would've saved even more.
 
I'm seriously considering going TPFT for the Tuono. I've got crash bungs which work really well on the Tuono so a stand fall is only going to result in a few scuffs. I don't have any bodywork to destroy.

I'm just paranoid that the minute I make the switch is the minute I overcook a corner and end up in a ditch.
 
Depends how much the bike is worth really doesn't it. If you have just got a new bike and end up binning it badly all by yourself, then you're pretty screwed without full comp.

Not sure I could ride without fully comp.. (unless it was a crap old bike). I would always have the thought in the back of my head 'go easy... you're screwed if you bin it here'
 
IMO Comp makes sense for anything that has a velue over £2k. I'd probably even say £3k now. If I'd not had comp on my S4, I'd still be waiting for the write off value (came off on diesel - ongoing liability issue).
 
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its still gonna cost you if you claim,your fault or not

if your a dab hand at repairs then tpft is the way to go,esp with second hand parts off fleabay

id only go fully comp if it was a newish machine
 
Well, it's a 2008 model and valued at about £5.5k
The only things I wouldn't be able to fix myself with bits from ebay are wheels (OZ are stupidly expensive), and Frame (obviously).
Ohlins front ends are readily available for £800 ish. Bodywork is the same across the range so there's plenty available. Some of the carbon bits can be a bit hard to source but other than that, there isn't much else to it.

The way I'm thinking is that I'd have to have a pretty serious off that was completely my own fault in order for me to make a claim.
There's always the risk of being hit by an uninsured driver though......
 
2006 plate CBR600RR, probably worth 3.5k now, bought it for 5k 2 years ago. Never had fully comp, figured if i'm going to bin it, it'll be a massive epic death and doom crash, or a low speed tumble.

Fully comp is something silly like £600+, I pay £228 for TPFT.
 
I go TPFT on my CBR600 but that's only worth around £1800 notes and weighed up against excess and increase in premiums if I claim, I'd just right it off myself, simples.
 
Got a 2 year old Street Triple R, at a guess worth about 5k?, fully comp with a £300 excess is gonna cost me £183 (including an optional £20 for legal cover) for renewal next month, not sure how much TPFT would cost but I don't think it'd be worth it :p

If it was a cheaper bike/bigger difference then I'd consider it though, ran with TPO cover for a fair while with older/cheaper bikes cause it was so much cheaper :)
 
SKILL said:
Got a 2 year old Street Triple R, at a guess worth about 5k?, fully comp with a £300 excess is gonna cost me £183 (including an optional £20 for legal cover) for renewal next month, not sure how much TPFT would cost but I don't think it'd be worth it :p

If it was a cheaper bike/bigger difference then I'd consider it though, ran with TPO cover for a fair while with older/cheaper bikes cause it was so much cheaper :)
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how long have you been riding? I'm just coming up to 1 year experience + 1year NCB going to be dropping my commute and putting her in a garage and i'm hoping to have insurance go to the £500 mark comp, down from £1300.
 
stuman said:
how long have you been riding? I'm just coming up to 1 year experience + 1year NCB going to be dropping my commute and putting her in a garage and i'm hoping to have insurance go to the £500 mark comp, down from £1300.
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A while, did my CBT in late 2005, in early 2007 (after recovering from a broken leg in a crash :p) I did my full licence, so think the renewal comes a couple of days after I've had a full licence for 6 years. Didn't have a bike for all that so I'm either on 4 or 5 years NCB now, can't remember off the top of my head, enough for it to be cheap anyway, very nice after last years was ~£400 due to my ban still being on it, just, so less than half the price this year \o/
 
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