To fully comp or not: Insurance

[TFU] Thegoon84;30498167 said:
Could someone do a sticky or something to give some advice on reducing insurance prices?

God damn prices are bonkers atm. I’m tempted to just go 3rd party fire and theft, since as if I tank it hard enough to write it off I’l break bones in the process and my life/injury cover will cover the repair. Plus I work for the local authority so get sick pay for 6 months… Terrible outlook, but just being honest here

Going to get a MT07, Think I can get a second hand one for around £4200…. I can just about afford the fully comp, but for the amount I’l be riding it doesn’t seem worth it…. I mean, no matter how good of a rider when riding in public anyone can be hit or taken by surprise I know…. However I’ve ridden motorcross from a young age so can handle torque and power, plus I do taxi driving part time so my road awareness is absolutely brilliant (lolz, debateable)… So I’m hoping it’ll reduce my chances of an accident being my fault… I know that sound ridiculous but I’m trying to weight up if its worth me doing fully comp.

As I’m going to be parking the bike on my drive, with a super thick chain and padlock to a floor anchor it still is expensive. So I might just do the cheaper option for 2 year to hopefully build up no claims, that said I think the price hike is because its not in a garage so regardless of no claims I still think it’ll be a lot….. If god forbid I smash it into something my injury cover will cover the repair/full loan…. If the bike is stolen the insurance will cover it.

How else can I reduce the premium? I’ve said 3000 miles a year, parking it on my drive…. There’s a million options for additional security and whats all this about Data tagging? Does it make a difference or rather justify cost?

Has anyone else opted for 3rd party fire and theft only?
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As a first big bike, get a £2k max used bike, and insure it TPFT.

You'll most likely drop it at some point in the first year, probably only a parking/1-2mph drop but enough to damage a pristine bike.

TBH though, £35 a month isn't a lot, that's about £400 for the year?
 
TallPaul_S;30500305 said:
As a first big bike, get a £2k max used bike, and insure it TPFT.

You'll most likely drop it at some point in the first year, probably only a parking/1-2mph drop but enough to damage a pristine bike.

TBH though, £35 a month isn't a lot, that's about £400 for the year?
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I get what your saying. But I just can't do it. What's the difference in dropping the 2k ya know.

My mind was made clear a week ago. I was out cycling with a friend when he came across a friend of his about to go out on his bike... Naturally I said my intentions....

His reply was simple, 17 years ago he bought the cbr 900 (I think) for 3500, he had a wife 2 kids (same as me), wife was against it, but he went ahead.... He still had that bike which was a dream bike to this day. Which to be honest is exactly why I'm willing to spend a few quid now to get my ideal long term bike.
 
To be fair I've been riding for a little over 2 years and the only time I've damaged my bike is when I dropped it on ice, if it wasn't my only form of transport I'd never have had in out in those conditions and even then the only damage still on the bike is a little missing paint on my bar end everything else was fixed for the grand total of about £30

I know I've gotten very lucky with the damage compared to the times I've dropped both my bikes but there's no reason to buy a cheap bike just in case.

It's just as easy to have a lapse of concentration and topple over in a car park or on a rough bit of road after you've been riding forever once you've gotten past the first couple of days getting used to the weight and balance of a new bike
 
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