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Insurance quotes

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royhall:
As an odd footnote that may save you some money. They asked me how many miles I will be doing a year on each classic so I opted for the cheapest 999 miles. They didn't ask the existing mileage on the clocks nor are they MOT'd anymore, so basically you can do whatever miles you want as they have no way of knowing. That said, next post will probably bring a request for photo's of the clocks or something.

McCabe-Thiele (Ted):
I'm guessing the reality is most old bikes owned by older owners do not cover a great mileage at the best of times.

MCTID:
Happily (not often when it comes to dealing with insurance companies and brokers) via GoCompare, I quickly and pleasantly just renewed my single bike Insurance for my 2007 CB600F.

I was insured with 'One Call' Insurance for a time but when their renewal quote went ballistic the other year - as did myself, I rapidly found a much more competitive quote on GoCompare so off I went.....and the deal was done in 10 minutes. Result.

Once again I used GoCompare to search for this years Insurance, and guess what - 'One Call' were the most competitive.

I realise that Insurers 'buy' Insurance by offering cheap prices and looking to grow their business by increasing their volume of Customers, but if One Call can be competitive this year, then how come they were off the scale last year ? I used to be an Auditor of Quality Management Systems, so maybe my background and exposure to some of the most successful companies around the globe has flavoured how I look at things, but surely the simple underlying factor of why Customers stay loyal is trust, honesty and value for money ?

For well over 20 years I had my two cars and household Insurance through Direct Line, but eventually I had had enough of their unjustified rocketing premiums. Their Chairman received a damning complaint which was ignored, so I walked - and have never looked back !

All Insurers start off their spiel with 'We demand that our Customers are open and honest in their dealings with us'...........if only these same Insurers were 'Open and honest in their dealings with their Customers' then the Insurance Business would perhaps no longer be viewed as 'being able to slide under a snakes belly whilst wearing a Top hat' !

royhall:
The insurance for my modern bike was pretty easy, it was the 5 classics that were hard work, when really you would expect the other way around. This is the first year I have had separate policies for the classics and modern, previously they have always been combined.

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rbt1548:
Now, I am sure you are all aware of the the "voluntary excess" type, let's say, 'money making exercise', that goes on when trying to insure a bike.

 I have just recently bought a modern bike, a 2017 BMW F800r, having a classics policy with RH I will just add it to that at a not too unreasonable price, but I thought I would shop around to see prices elsewhere. Nine times out of ten when you look at the quote it has added some sort of varying scale of voluntary excess, as I always take no voluntary excess when getting a quote for my car or bike, I take it off and the price may just rise by a few pounds.

 Yesterday I got a quote from BeMoto for £465 for a single bike which was bad enough, and with a total excess of £500, made up of £300 compulsory and £200 voluntary, when informed I did not want the voluntary, the young lady sounded a bit shocked and said she would have to go and speak to someone, she then came back and asked me to confirm I did not want voluntary excess, I confirmed and she then said ok, 'without voluntary the price is now £465!', the exact same as with the £200 voluntary, I asked her why it was the same and she couldn't explain it, granted it is not the young lady's fault but it's totally ridiculous.

If I had been inexperienced, or not savvy enough to not want voluntary excess, should I have had an accident I would have ended up £200 out of pocket for taking the £200 voluntary excess for absolutely no benefit to me in reduction of premium at all.

 By all means if you have a low excess of say £50 or £100 and you think bringing it up to maybe £250 is fine and you're getting a good bit off your premium, do it, but check how much you are going to pay extra by not taking voluntary excess, possibly just a couple of quid, or in my case, absolutely zero.

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