Your vital stats - insurance wise!

stipey

Got a new VFR in February and the insurance renewal came through the door this morning - just over 2k for Fully Comp.

Not too bothered about the price because I've only had a Yamaha SR and a restricted Bandit 6 before that - so its my first "powerful" bike.

Gave Carole Nash a bell and they quoted me 4k+ for fully comp. So I got to wondering about the differences in the quote. So out of interest....


Age:..................28
Bike:..................2007 Honda VFR
Value:................14k
Licence:.............Full A since 2003
Alarm:................N
Immob:...............Y
Living:................Co. Dublin
NCB:..................50%
Points:...............None
Insurance Type:..FC
Convictions:........None
Quote:...............2k



What are your vital insurance stats?

MrPudding

In the UK, but might be useful for comparision for rip off Ireland purposes.

I rode a ZZR600 prior to this as my first bike but only since November so no discount for that, obviously.

Age:..................34
Bike:..................2007 BMW R1200GS Adventure
Value:................£11500 (€18k ish)
Licence:.............Full A since Sept 2005
Alarm:................N
Immob:...............Y
Living:................Milton Keynes
NCB:..................0%
Points:...............None
Insurance Type:..FC
Convictions:........None
Quote:...............£750

Steffano2002

stipey wrote:

Living:................Co. Dublin
NCB:..................50%
Points:...............None
Insurance Type:..FC
Quote:...............€2,000

MrPudding wrote:

Living:................Milton Keynes
NCB:..................0%
Points:...............None
Insurance Type:..FC
Quote:...............£750

Speaks for itself really... :mad:

Idleater

Steffano2002 wrote:

Speaks for itself really... :mad:

No it doesn't actually!

that is 750 is pounds, which equates to what; €1100 ish? and he is 34 not 28, and the vfr is more desirable than a GS.


OP, did you try AON, or Quinn Direct?

AON will give you a discount if you do their Rider Training programme.

L.

stipey

The original quote is through AON - I wasn't aware that Quinn insure bikes will give them a bell now.

The AON training/assessment is on my list - unfortunately there are a few other bits and pieces on that list too that are all equally as pressing so quite when it will happen is anybody's guess.

Rest assured that when the time comes I will be back here looking for names of instructors. I did a one day course through Hibernian with Ray Murray a couple of years ago and thought he was excellent - not sure who else there is or how expensive it is though.

Steffano2002

nereid wrote:

that is 750 is pounds, which equates to what; €1100 ish?

€1,095.67 EUR exactly. Still cheaper by over €900 EUR.

nereid wrote:

and he is 34 not 28

Minimal difference. They're both over 25 and not in their 60s yet...

nereid wrote:

and the vfr is more desirable than a GS.

Who says? And the R1200GS is more expensive than the VFR by around €4,000 EUR!

I notice you didn't mention the fact that Stipey has had his license longer than MrPudding... :rolleyes:

Stop trying to make it sound like Ireland is not a rip off country. It is! If I ring my insurance company in France to insure my Bandit they quote me €600 EUR fully comp. Here I'm charged €1300 TPO.

Idleater

Steffano2002 wrote:

€1,095.67 EUR exactly. Still cheaper by over €900 EUR.

Sorry, I rounded up by a whopping €4.03 :rolleyes:
Anyway it is a much much larger insurance and bike market over there - and France too.

Steffano2002 wrote:

Minimal difference. They're both over 25 and not in their 60s yet...

30 years old is the a major hurdle.

Insurance for me at 29 is €500 more than me at 30. - that is a 33% saving.

Steffano2002 wrote:

And the R1200GS is more expensive than the VFR by around €4,000 EUR!

Cost price/ market value has very little impact on the insurance quote as does likelihood of it being stolen. A VFR is a sports tourer, a GS is a big trailie.

Steffano2002 wrote:

I notice you didn't mention the fact that Stipey has had his license longer than MrPudding... :rolleyes:

That is true.

Steffano2002 wrote:

Stop trying to make it sound like Ireland is not a rip off country. It is! If I ring my insurance company in France to insure my Bandit they quote me €600 EUR fully comp. Here I'm charged €1300 TPO.

Look, I'm not here to argue with you about rip off insurance companies. if you can get such a cheap quote abroad, why don't you do just that? I am simply comparing Like with Like as best I can.

Personally, I think €2000 is quite expensive for insurance, as I am the same age as the OP, and pay half that Fully Comp on my bike. I do have the RoSPA discount too though.

L.

Steffano2002

nereid wrote:

Anyway it is a much much larger insurance and bike market over there - and France too.

Meaning there could potentially be more claims as more motorbikes are insured in these countries. Is your logic "the more bikes insured the cheaper the insurance is"? This doesn't make sense to me.

nereid wrote:

30 years old is the a major hurdle.

Insurance for me at 29 is €500 more than me at 30. - that is a 33% saving.

I thought the only major hurdle was 25 years old. Didn't know 30 was a magic number also. Guess I have something positive to look forward to then...

nereid wrote:

Cost price/ market value has very little impact on the insurance quote as does likelihood of it being stolen. A VFR is a sports tourer, a GS is a big trailie.

That's why I struggled to understand why you pointed out "the vfr is more desirable than a GS" in your earlier post.

nereid wrote:

Look, I'm not here to argue with you about rip off insurance companies. if you can get such a cheap quote abroad, why don't you do just that?

It's illegal. Only reason really... But quite an important one IMO.

nereid wrote:

Personally, I think €2000 is quite expensive for insurance, as I am the same age as the OP, and pay half that Fully Comp on my bike. I do have the RoSPA discount too though.

Fully agree with you there. I would advise ringing all insurance companies/brokers (CN, AON and QuinnDirect) and playing all 3 off eachother. Should be able to save a bundle!

Paparazzo

Here's a comparisson for you:

MrPudding wrote:

In the UK, but might be useful for comparision for rip off Ireland purposes.

Age:..................34
Bike:..................2007 BMW R1200GS Adventure
Value:................£11500 (€18k ish)
Licence:.............Full A since Sept 2005
Alarm:................N
Immob:...............Y
Living:................Milton Keynes
NCB:..................0%
Points:...............None
Insurance Type:..FC
Convictions:........None
Quote:...............£750

Age:..................29
Bike:..................2006 BMW R1200GS Adventure
Value:................€19k
Licence:.............Full licence
Alarm:................Y
Immob:...............Y
Living:................Co. Meath
NCB:..................100% (over 5 years)
Points:...............None
Insurance Type:..Basic 3rd party
Convictions:........None
Quote:...............€630

For fully comp it's about 2000. Most won't quote me for that.

Steffano2002

Paparazzo wrote:

For fully comp it's about 2000. Most won't quote me for that.

There we go again...

Paparazzo

Bottom line is that you get shafted for bike insurance in ireland. Just a bit of internet research other countries that quote online will tell you that it's as high (for me anyway) as 25 times more expensive here (german quote). 10 times more than in england (for me again)

If driving under foreign insurance is illegal does that mean that riders with yellow plates are not insured? There are a few UK reg bikes here and they have been around for years.

Here is my QD quote for the bike I'll be buying.

Age:..................26
Bike:..................2001 Honda Transalp 650
Value:................~4.5k
Licence:.............Full A since 2005
Alarm:................N
Immob:...............Y
Living:................Co. Kildare
NCB:..................2 Years (edit)
Points:...............None
Insurance Type:..FC
Convictions:........None
Quote:...............1230

Steffano2002

baz8080 wrote:

If driving under foreign insurance is illegal does that mean that riders with yellow plates are not insured? There are a few UK reg bikes here and they have been around for years.

Depends where the rider resides and works. If he/she resides or works in the Republic of Ireland, insurance si void.

However, I did find one insurance company that would insure me even if I lived and worked in Ireland as long as my bike was registered in France (i.e French plate). So that would be legal insurance-wise.

However, I think if I went ahead and did this the Irish Government (and An Garda Siochana) would pull a law I'm not aware of out of their hoop to make it illegal on this side of the Irish Sea... So I pay extra to get insured here as a result...

Luckycharm

Doesn't AXA take bikes they tax scooters anyway when Hibernian pulled out and got a letter saying some Broker now looking after insurance I rang them got a quote of around €270 3rd party asked which insurance company they were dealing with was told Axa.
So rang AXA direct as I had my car insured with them- they charged me €130 less then half what the Brokers quoted!!

Hotblack Desiato

Steffano2002 wrote:

However, I think if I went ahead and did this the Irish Government (and An Garda Siochana) would pull a law I'm not aware of out of their hoop to make it illegal on this side of the Irish Sea...

If you're resident in Ireland it is illegal for you to drive a non-Irish-registered vehicle, whether owned by you or not.

babybundy

stipey wrote:

Age:..................21 =+300
Bike:..................2002 Honda varadaro= feck him he's tring a cheap one extra 300
Value:................2.5k
Licence:.............prov since 2002 =+300
Alarm:................doesnt make a difference it the northside of cork
Immob:...............taking the battery out doesnt count as one
Living:................Cork
NCB:..................4 years but because he's young he cant drive extra loading
Points:...............None but he's lying cause he's a young fella another loading
Insurance Type:..F U which means **** you you aint getting anymore than third party only
Convictions:........your a norrie your born with a conviction in stead of an original sin
Quote:...............3 plasma screens, 2 festies and wat ever is in the till of your local centra
for everything else theres master card


What are your vital insurance stats?
.:L:L:L:L:):):):D:D

babybundy

ok seriously
Age:..................21
Bike:..................2002 Honda Varadaro 125
Value:................about 2k
Licence:.............prov since 2002
Alarm:................N
Immob:...............n
Living:................Cork
NCB:..................40%
Points:...............None they no of
Insurance Type:..tpo
Convictions:........None
Quote:...............qd 600 plus change ,aon912, ch 1200ish

Steffano2002

Jeepers babybundy! That's a lot to pay for a 125cc...

But look at the bright side! You're young!

babybundy

i no with 4 years ncb hence the mini rant that ended up as a joke

Chippy01

Interesting quotes. Here's mine with Carole Nash.

Age:...................50
Bike:..................1998 GL1500C Valkyrie & 1988 VF750C SuperMagna
Value:................8k & 4k respectively
Licence:..............Full since 1976
Alarm:................Y
Immob:..............Y
Living:................Dublin
NCB:...................Full
Points:................None
Insurance Type:..TPFT
Convictions:........None
Quote:................€600

When I tried AON, they told me that the Valk is Insurance Group 9 and the Magna is Insurance Group 10; and quoted me €1,100 (TPO) for the privilege!!! The answer is to shop around.

wotsasilencer

Same bike 1999 Suzuki GSX750F
Same broker Carole Nash
Cover TPFT & some extras that I don't want
In the UK when I lived there it was £170, move back to Ireland it becomes €440. Hmmmm!

I can understand the high cost of Comprehensive insurance but for TP it should be shedloads cheaper. I don't want Fire, Theft, Breakdown cover, Flatulence protection etc. all I want is the bare arse minimum to have me covered in the event of my causing an accident.

babybundy

welcome to rip off ireland

Paparazzo

Oi, Chippy01, my da had the same 2 bikes as you over the last few years! New pipes on the magna gives it a lovely note. The F6 could do with a reverse though!

Chippy01

Paparazzo wrote:

Oi, Chippy01, my da had the same 2 bikes as you over the last few years! New pipes on the magna gives it a lovely note. The F6 could do with a reverse though!

I drilled the backplates of the exhausts on my Magna. Six 8mm holes in each. Has a lovely note to it now.
As for the Valk, I installed 6into6 slash pipes. That beast now roars.
From what I know, almost all Valks were made in America. Tank badge says VALKYRIE. Some models were made for export, and the tank badge was changed to F6C. (Something about upsetting the Germans) A few very rare models were actually made in Japan, and these Japanese models had reverse fitted. Go figure.