Insurance is daylight robbery

[AHarvey]

brand new R6, 3rd party, 22 year old, 0 NCB and 1st year of licence = £7200

more than the bike.

Didn't get it because I don't crap money

 

[helpimcrap]

CBR600FV - first bike @ 20 think i paid £1500 TPTF.

You take your chances. what would the insurance be on a 160mph car that could out-accelerate a ferrari?

also bandits are cheaper as they are unfaired. the fairings on bikes cost a LOT! of wonga to do up.... if they don't have a fairing it's one less cost for the insurance. most bikes are wrote off after a scratched fairing!

 

[AHarvey]

I always thought it was a scratched frame that wrote them off, never heard of one just because of the fairing

 

[Ghosteh]

Bandit 650 K5, first bike, 21, 2007, 3 days after passing my test, £590 fully comp lol.

Now GSX-R 750 K1, 24, 2 years NCD(even though my bike was nicked, and I was paid out lol), £510 fully comp. Last year, same bike, £1470, that hurt me all year round paying that off lol.

 

[Crowze]

You call £500 outrageous? When I got my full license at 21 I was paying £330 TPFT on a bike that could barely hit 100mph, so £500 at 18 on a 600 sports bike sounds very reasonable. Also, compared to what you'd have to pay to insure even the slowest car on earth I'd say it's incredibly cheap.

 

[Ghosteh]

The £500 was for a bandit, not a superbike. His quotes for a GSX-R would more than likely be at least 2-3 times as much.

 

[Crowze]

Sorry, was replying to the OP not you... must use the quote button more often.

 

[Sagalout]

I always thought it was a scratched frame that wrote them off, never heard of one just because of the fairing

The fairings can cost more than the value of the bike to replace, hence the insurance write off

 

[VBN]

I paid about £1000 a year for a GPz1000RX back in 1991 TPFT, I was 19 it was shed load of cash.

Nows ist nice and cheap being an old fart less than £250 for GSXR1000.

 

[RiPz]

cost to replace handlebars, levers, rearsets and exhaust can on bandit = ~£200

cost to replace single fairings, handlebars, levers, rearsets and exhaust can on a gsx-r = ~£1000

*note, i picked these numbers out of thin air to make a point

it's all justifiable, a small drop on a gsx-r will cost 4 times as much to repair as a small drop on an unfaired commuter, especially if the commuter has engine crash bars on it.. chaces are you'll just pick the bandit back up from a spill and ride off with a damaged ego. (speaking from experience, having owned and dropped/crashed both a GSX-R 400 and a bandit 600)

obviously on top of repair costs they have the sales market to consider, there's a lot more bandits for sale than gsx-r's... as well as crash statistics.. i'd hazard a guess that proportionately more gsx-r's are involved in insurance claims than bandits.

and then the obvious.. gsx-r 600 has 30mph on top of the bandit, and accelerates faster too...


For Reference:

GSX-R 400 cost me £400 to insure at 21 with 0y bike experience, 3y car experience and 0y ncb
Bandit 600 cost me £400 to insure at 22 with 1y experience, 4y car experience and 0y ncb and 2 crashes (yeah, oops)

 

[Scythe]

Personally, I don't think my insurance is too bad. For the first two years you are restricted to 33bhp, so no point getting a all out sports bike, a lower group sport tourer will be just as good and more forgiving than a gixxer.

I would be looking at upgrading to a gixxer or CBR6 when you get derestricted, therefore you will have more experience and NCB under your belt.

I retract my previous statement. Following passing my test today, I was charged £45 admin fee to change my insurance from a provisional to full licence. The premium was unchanged.

 

[mast3r]

£7200 - whattttt.... i thought my Supra was bad...
first car - 1994 supra, 18 years old, - £6300