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CB500/550
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Insurance seems high to me
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Topic: Insurance seems high to me (Read 8933 times)
wolfheze
SOHC Member
Posts: 208
Insurance seems high to me
«
on:
April 25, 2016, 09:12:19 AM »
Hi
I had my renewal notice come last week. £280 for a multi bike policy to insure the following.
1976 CB550 worth about 4.5k
2005 DRZ400 worth 3k
I am 53. Clean licence, no accidents for 15 years, couple of years no claims, bikes kept in a locked garage. Fairly good post code. Seems a lot to me as I am sure that people on here have had quotes for £ 70/80 for their Hondas?
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matthewmosse
SOHC Master
Posts: 2161
Re: Insurance seems high to me
«
Reply #1 on:
April 25, 2016, 09:37:14 AM »
I pay £150 for my 500/4 a ntv650 and 3 other smaller bikes, but none over £1000 in value, that is for me, my wife and my dad to ride any combo of those. 34, clean licences, no recent claims. Cover is with Lynbrooke who allow buy back salvage which is to me the selling point of it. I think having my bmw with a 2.5k agreed value on only added £10 to the annual cost.
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Got a 500/4 with rust and a sidecar and loadsa bits. nice and original and been round the clock
Green1
SOHC Jedi
Posts: 2700
Re: Insurance seems high to me
«
Reply #2 on:
April 26, 2016, 09:33:30 PM »
I pay about £125 per bike 31 clean licence 15 years no claims,brick garage
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Current bikes
Honda CB750k1 Valley Green Metallic
Honda CB750k1 Candy Gold
Honda CB550k Candy Jade Green
Triumph tiger 800
Aprilia Pegaso 650
Moto guzzi 1200 sport
Kawasaki ZXR400 J
mike the bike
SOHC Jedi
Posts: 2652
CB400F, Royal Enfield Interceptor.
Re: Insurance seems high to me
«
Reply #3 on:
April 26, 2016, 10:11:10 PM »
I pay eighty something for 2 bikes with Peter James. That includes a breakdown recovery as well.
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Where's that 10mm socket got to?
Green1
SOHC Jedi
Posts: 2700
Re: Insurance seems high to me
«
Reply #4 on:
April 26, 2016, 10:15:17 PM »
Thats because they know they won't get much more out of you welsh lot
Mick
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Current bikes
Honda CB750k1 Valley Green Metallic
Honda CB750k1 Candy Gold
Honda CB550k Candy Jade Green
Triumph tiger 800
Aprilia Pegaso 650
Moto guzzi 1200 sport
Kawasaki ZXR400 J
mike the bike
SOHC Jedi
Posts: 2652
CB400F, Royal Enfield Interceptor.
Re: Insurance seems high to me
«
Reply #5 on:
April 27, 2016, 06:48:53 AM »
True. Copper wire was invented in Cardiff; two Cardiffians fighting over a penny.
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Where's that 10mm socket got to?
wolfheze
SOHC Member
Posts: 208
Re: Insurance seems high to me
«
Reply #6 on:
April 27, 2016, 04:03:27 PM »
Had separate quotes for both bikes for under £ 180 so I don't know how Carole Nash can justify another £ 100 on top
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Orcade-Ian
SOHC Master
Posts: 1361
Re: Insurance seems high to me
«
Reply #7 on:
April 27, 2016, 07:37:05 PM »
Definitely worth giving Peter James a try, I have agreed value on more bikes than that with breakdown UK and abroad for £180 and I'm 66 without claim.
Ian
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1953 BSA Golden Flash 650 - still a basket case
1960 Norton Model 50 Featherbed 350
1960 Ducati Elite 200 (nearing completion)
1972 Honda CB 350/4
1975 Honda CB 550/4 F1
1976 Honda CB 400/4 F1
2020 Honda C125 Super Cub
2026 Honda ADV 350
Dave1234
Newbie
Posts: 42
Re: Insurance seems high to me
«
Reply #8 on:
May 08, 2016, 08:23:38 AM »
Peter James every time, my 550 and another bike is £80 per year.
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wolfheze
SOHC Member
Posts: 208
Re: Insurance seems high to me
«
Reply #9 on:
May 08, 2016, 09:36:03 PM »
Managed to get carole nash down to a respectable level in the end, why cant they just offer you the best price to start with?
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MCTID
SOHC Pro
Posts: 614
Re: Insurance seems high to me
«
Reply #10 on:
May 08, 2016, 10:33:24 PM »
I had the same problem with my Car Insurance Renewal from Direct Line (who are pretty good to be honest)....I challenged why it had gone up by 12%.......and I accepted that Insurance tax had increased by 6%.
They offered to renew for just under what I paid last year.
If you don't ask.....you don't get.
Result.
Logged
Now: 2008 CB1300S, CB750K4, 1970 Bonneville. Various other 1960's 650 Triumph T120's/ TR6's/ TR6C's (all in bits...many, many bits unfortunately). Previous: 2007 CB600FA, 1976 CB500 Four. BMW F800ST. GS750E. ZZR1100. CB1300 (2). ZXR1200S. VFR800. CB750 Nighthawk. CX500. XS500 Yam. Suzuki GT500. BSA A10. Various Lambrettas. Zundapp Bella (honest).
royhall
SOHC Jedi
Posts: 3454
Keep biking I'm not quite bankrupt yet
Re: Insurance seems high to me
«
Reply #11 on:
May 09, 2016, 06:44:59 AM »
Direct line told me 5 years ago that if I didn't renew with them I would be barred from using them for 3 years. Hopefully just a stunt by that one agent, but I have also heard the same thing from other people. Now I have barred myself from direct line for life. What a bunch of clowns.
Sent from my Nexus 6 using Tapatalk
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Current bikes:
TriBsa CCM 350 Twin
Honda CB350F in Candy Bacchus Olive
Honda CB750F2 in Candy Apple Red
Yamaha MT07 (2026) in Black
Triumph T100C
Suzuki GS1000HC
Honda CB450K0 Black Bomber
Honda CB750K5 in Planet Blue Metallic
Honda Al
SOHC Expert
Posts: 252
Re: Insurance seems high to me
«
Reply #12 on:
May 09, 2016, 05:00:57 PM »
Just taken out insurance through Carole Nash - £160 for the CB500 and Fireblade 929. Both with very low compulsory excesses + zero voluntary excess. Plus all the travel cover abroad, breakdown, kit cover, etc.
My current insurer MCE - soon to be old insurer - wanted £285 for the pair with one excess £600 compulsory!
Thieving buggers!
Logged
SteveD CB500K0
Administrator
SOHC Jedi
Posts: 4661
Ride on the Steel Breeze...
Re: Insurance seems high to me
«
Reply #13 on:
May 09, 2016, 05:25:20 PM »
Mine's with CN for £175 for a CB500 and a Tiger 800 - same deal as Al.
Logged
1971 CB500K0
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Insurance seems high to me