Insurers + 33BHP Restriction.

[AZZ3R]

Hi all,

Well the day has come to look for new insurance on a 650 with a 33bhp restriction. you'd think insurers would be kind to you for following the law and restricting it and tell them it's restricted.

WRONG THINK AGAIN

I got a quote from Bennets and it seems fine for a 650 at 33bhp at fully comp, so I decided to give them a ring and tell them it's 33bhp and see how much it came down. Look who's the idiot, it managed to go up £1000 because it's classes as a "Modification" to the bike.

So I rang Carol Nash thinking they would do me a decent price on fully comp WRONG, I then found CIA Insurance (Compare The Market) and found that the guy on the phone (Jamie) was actually one of the best guys to speak to about this. I got through to a human in a matter of seconds, rang twice picked up and put me through. I asked "When I put my details in the system does it automatically know I'm restricted" & he replied "Yes" so I thought why then when I call Bennets it goes up yet they know I have to be restricted and when I do the right thing to tell them it is they try and squeeze another £1000 outa' me.

I spoke to CIA for around half an hour and got the most I could out of them with regards to asking for all the cover prices and all the extras you can get, turns out that TPFT + Everything Coverd = £750. Yes I know that my bike isn't coverd if I crash, but thats the price you pay when you try and save £700+ for Fully Comp. Luckily for me CIA are a Specialist Suzuki Insurer so parts for me are straight forward to get hold of incase of a crash.

Now I know Fully Comp is the way to go but with what I'm hearing from Bennets and Carol Nash and other big bike insurers your looking at £2k+ for it. and for a saving of nearly £1000 on insurance I think that TFPT looks more like the way to go about it, and if in the event of a crash I'll have to do what I can to save and replace parts which are broken.

(I'm not the best rider out there but I think paying an extra £1000 just for you to be coverd, you've got to think, the bike value + Excess is about £1500/£1700 so is it really worth it if I was to crash.

Would like to hear what others have had to go through to get insurance and if they have told there insurer about their restriction.

I don't ask for you to share your Insurance prices in this thread just thoughts on it all, I'm using the correct prices for me, but are just quotes at the moment.

 

[Chrus600]

I found restriction made no difference, they don't count it as a mod. They supposedly take it into account when you insure a bike above 33bhp normally before your 2 years are up and are under 21. I'd be interested if it makes a difference on a full license.

I had to suck it up, I wasn't pleased, still I have my bike and I could afford it....just.

EDIT: How old are you and have you got any previous claims/NCB?

 

[AZZ3R]

I found restriction made no difference, they don't count it as a mod. They supposedly take it into account when you insure a bike above 33bhp normally before your 2 years are up and are under 21. I'd be interested if it makes a difference on a full license.

I had to suck it up, I wasn't pleased, still I have my bike and I could afford it....just.

EDIT: How old are you and have you got any previous claims/NCB?

I'm 18, 1y/NCB & when mentioned to a insurer they up the price to £2k, I allways thought they can tell if the bike is restricted by your age and the bike they are looking at to insure

so if I was to put in the insurers details

SV650S (blah blah blah)
18y/o

They should automatcially know I'm restricted. any 18year old in GB no two ways about it, has to be restricted end of. 18y/o's restriced no matter what.

Yet when I ring to confim that i will be fitting a restrictor to it they slam a big fat number 2 infront. bit of a joke really when your doing the safer thing and slowing the bike down.

 

[Chrus600]

I found restriction made no difference, they don't count it as a mod. They supposedly take it into account when you insure a bike above 33bhp normally before your 2 years are up and are under 21. I'd be interested if it makes a difference on a full license.

I had to suck it up, I wasn't pleased, still I have my bike and I could afford it....just.

EDIT: How old are you and have you got any previous claims/NCB?

I'm 18, 1y/NCB & when mentioned to a insurer they up the price to £2k, I allways thought they can tell if the bike is restricted by your age and the bike they are looking at to insure

so if I was to put in the insurers details

SV650S (blah blah blah)
18y/o

They should automatcially know I'm restricted. any 18year old in GB no two ways about it, has to be restricted end of. 18y/o's restriced no matter what.

Yet when I ring to confim that i will be fitting a restrictor to it they slam a big fat number 2 infront. bit of a joke really when your doing the safer thing and slowing the bike down.

I'm amazed at that. I was looking at second hand bikes to begin with and the insurance came down according to age, which is fair enough. I'll be open and say that my insurance this year was ~£1500, fully comp for 10000 miles with MCE. I got a quote for a 10 year old Honda CB500 for under £400 to put it in perspective.

Don't say anything about the restrictor is my advice, it's a legal requirement so it's in their interest to realise that.

 

[AZZ3R]

Don't say anything about the restrictor is my advice, it's a legal requirement so it's in their interest to realise that.

When I just enter my information on Compare The Market and don't mention anything about the restriction I get fully comp for £1300 + everything coverd + 6k miles.

So it's tempting to just buy it and then not mention the restrictor to them, but then if they find out and my insurance becomes invalid I'm screwed. or if I crash and then they find out I had a restrictor and they say I had failed to mention it they will just invalid my insurance so i'm still screwed.

I'm thinking the negatives out weigh the positives with regards to the outcome of a incident. so I was quoted £1500 and I told them the restrictor was fitted which isnt too bad I'll call them back and double check it all.

Just seems a shame that I thought cars where the worst for insurance but turns out bikes aren't far off.

 

[Daffee]

Don't say anything about the restrictor is my advice, it's a legal requirement so it's in their interest to realise that.

When I just enter my information on Compare The Market and don't mention anything about the restriction I get fully comp for £1300 + everything coverd + 6k miles.

So it's tempting to just buy it and then not mention the restrictor to them, but then if they find out and my insurance becomes invalid I'm screwed. or if I crash and then they find out I had a restrictor and they say I had failed to mention it they will just invalid my insurance so i'm still screwed.

I'm thinking the negatives out weigh the positives with regards to the outcome of a incident. so I was quoted £1500 and I told them the restrictor was fitted which isnt too bad I'll call them back and double check it all.

Just seems a shame that I thought cars where the worst for insurance but turns out bikes aren't far off.

Legally they have to fulfill your license requirements, this means if you are under 21, they have to cover you with a restricter. Its like when they ask you if you are going to carry pillions, they have to cover you for carrying pillions anyway because its part of your lisense that you are able to.

 

[AZZ3R]

Legally they have to fulfill your license requirements, this means if you are under 21, they have to cover you with a restricter. Its like when they ask you if you are going to carry pillions, they have to cover you for carrying pillions anyway because its part of your lisense that you are able to.

So are you saying I shouldn't tell them I'm putting a restrictor on the bike or should I just go with purchasing the insurance and then in theory they should know I'm restricted?

When I called they sorted all the information out then before I could tell them about the restriction they said your restricted aren't you. so they know I am restricted just do I have to tell them or not.

I will deffintaly go and restrict it and get a certificate but do I have to tell the insurer even though they should allready know becasue of my age and when I passed my test?

 

[Chrus600]

No need for a certificate. In the event of getting pulled/crashing the police/insurer have to prove that you don't have a restrictor fitted. Sort of like innocent 'til proven guilty. Shove it on there yourself and buy it cheap off eBay.

 

[Friz]

My insurance has never been over £700. In comparison to a car, I haven't found one I can get insured for for under £3000 - with most cars in my price range (to buy in the first place) coming up £4000+.

Bennets and Carol Nash are notoriously expensive, especially to new bikers but you get what you pay for.

Insurance was one of the many reasons I decided to go for a Ninja 250 after I passed my test rather than a bigger bike. With 1 years no claims from my scooter, the insurance on the Ninja was £400 and it came down in the second year to £300. No fuss about restriction.

I got my second bike, the Kawasaki Versys when I was still on my restricted licence. I did it through GoCompare (can't remember exact company) and they never asked for the restriction information. I was 18 at the time, so I thought it would be expected.

When my insurance details arrived and there were a few things wrong with it I rang up and corrected them, asking why they hadn't requested details on my restriction at the time. The worried call centre worker hurried off to ask their manager if a restriction was actually allowed on the insurance I had taken... and thank god it was. They requested I send them the proof of restriction documents and they would send them back... but they never did.

Insurance for the Versys with 2 years no claims was £600.

No fuss with restrictions with the CBR, already off that licence. 3 years no claims, a lot of searching and begging to people on the phone and finally managed to get that for £600 as well. Quoted £1200+ by most companies.

 

[AZZ3R]

I can get insured on the bike for £1300 (which to me is fine) but when I called to tell them that I have to have a restrictor to the bike they upped it to £2,350 because it is a modification and will effect the performace of the bike.

"Becasue the bike was built to work at optimal working rate before restrictor is fitted" <- that's what I was told by Bennets

So, I get my restrictor fitted tomorrow, get insurance and I should be fine? even though I haven't told them I'm restricted?

It's a legal requirement for the me to be restricted so I presume they know there just being arsy about it? and if I get pulled or in a crash I can prove it's fitted by certificate or they take it away for testing.

I'm confused, wether or not I should get it fitted then purchase the insurance and if they ask I tell them or if in the result of police I can prove it too them.

 

[Friz]

You can't not get it fitted if you want to stay legal.

Do it over the phone and mention that you're restricted and if they have a problem with it, call up a different company.

 

[AZZ3R]

You can't not get it fitted if you want to stay legal.

Do it over the phone and mention that you're restricted and if they have a problem with it, call up a different company.

Yeah I was getting it fitted no matter what, not worth the risk.

I'm prepared to pay £1500 for fully comp just seems like it's quite alot but it's a price you got to pay to ride.

Cheers for the Help guys.

 

[AZZ3R]

I found restriction made no difference

Did your insurace company count it as a modification to the bike?

because thats what's costing me the most, the fact it's classed as a mod.

 

[ToySoldier]

just read this on sv650 forum and yes im geting a sv650 but im geting a naked one XD and i thought u said befor you would get fully comp anyway saves the hastle of fixing it your self me personly im geting tpo allways untill the insureance prices go down a lot XD

 

[AZZ3R]

just read this on sv650 forum and yes im geting a sv650 but im geting a naked one XD and i thought u said befor you would get fully comp anyway saves the hastle of fixing it your self me personly im geting tpo allways untill the insureance prices go down a lot XD

Yea I want to get Fully Comp but not at a price where it's costing more than the bike whats the point in that.

I'll get Fully Comp just it's a bit of a let down that it's a legal requirement for me to have yet i get charged more to have it than to not. so surely they see it to be more of a easier way to break the law.

Not a fan of sit up bikes, don't get me wrong nout wrong with them, just I wouldn't own one not my style of bike and I don't think bars would work as I've allways rode with a bike with Clip On's

 

[DJ_Xenobot]

19 Years old - 0 NCB.

1989 Honda CBR600F.
33 BHP restricted


It was about £400 TPFT but went up to like £550 when I told them about my 2 Claims 2 years ago.

 

[Chrus600]

I found restriction made no difference

Did your insurace company count it as a modification to the bike?

because thats what's costing me the most, the fact it's classed as a mod.

Simply put, no. I specifically told them, asking if it would attract a discount but they said no, it is taken into account.

Don't tell them, if you were over 21 then fair enough, declaring it would make sense but seeing as you're not and you're riding a 650, you have to have a restricted license and as such have to have a bike with 33bhp or less.

 

[Ducman69]

£1500??? That's like $2400... and w/ a 33hp restriction no less. RAAAPE! RAAAAAAPE! *blows whistle* Seriously, I would be putting on my Guy Fawkes mask and walking down to parliament. I feel for you man, seriously.

Granted I'm approaching old-fart hood at 30, but my 65hp 650cc is $78 for full coverage comprehensive + 50/100/25... a year. When I started riding at 16 though on a 650cc cruiser, I got minimum liability only which I would highly recommend until your rates come down, but it was still relatively cheap at around $250 a year. Most accidents are relatively inexpensive repairs w/ sliders installed and a bit of common sense and a MSF course, and you should have medical coverage through government over there anyway. Besides, if it isn't a major accident and you're the only one involved (as most motorcycle accidents are) most of the time you do NOT want to use your insurance anyway as you WILL pay it back very quickly and then some in years to come with increased insurance costs (my clean record is the only reason I can insure my Corvette and Impala SS big ol' V8 cars together for $730 a year), and in the US at least the vehicle title will show accidents which will cause a depreciation hit.

 

[Daffee]

19 Years old - 0 NCB.

1989 Honda CBR600F.
33 BHP restricted (( Cheekily being derestricted on friday though. tehe ))


It was about £400 TPFT but went up to like £550 when I told them about my 2 Claims 2 years ago.

You do know this makes your insurance invalid right? If you crash into somebody, the insurance won't pay out, that means you will be riding with no insurance, and thats 6 points on your license which means you will lose it.

 

[extreme601]

19 Years old - 0 NCB.

1989 Honda CBR600F.
33 BHP restricted (( Cheekily being derestricted on friday though. tehe ))


It was about £400 TPFT but went up to like £550 when I told them about my 2 Claims 2 years ago.

I really don't care whether you de-restrict your bike or not, but delete this post. Saying it in a public domain is just silly.