General Category => General Discussion => Topic started by: T Legg on February 03, 2021, 04:13:29 PM

Title: $ 300,000.00. For $ 5.04
Post by: T Legg on February 03, 2021, 04:13:29 PM
I just got my latest insurance bill for six months of coverage on my black FJ1100. I have four motorcycles insured , all of them have $300,000.00 in liability coverage. three of them are between $22.00 and $26.00 every six month but the black 1100's bill is now $ 5.04 . My sympathy's to all of you in England and Australia and the rest of Europe.

Title: Re: $ 300,000.00. For $ 5.04
Post by: Waiex191 on February 03, 2021, 04:28:19 PM
I only have 2 insured.  $75/year.  Nobody cares if I took the ABS off or not.  Though my '89 thankfully did not come with ABS.

Title: Re: $ 300,000.00. For $ 5.04
Post by: Millietant on February 03, 2021, 07:08:40 PM
My FJ is £89 per year, "fully comprehensive" with legal services cover included. The 3rd party liability coverage is unlimited - the insurance company demand knowledge of all modifications to standard and have approved all of mine - they even ask if the bike has stickers/graphics and what types, as these can make a bike more "attractive" to thieves. They're basically interested in anything which they can say might be a "contributing factor" in any incident (accident/theft) and will increase the premium, or refuse to cover for, anything they don't like (such as "fork extenders" - which is why I couldn't use GSXR 1000 forks  :dash1: as Fred has done).

Loud exhausts, which are not "stamped" as road legal with factory markings are not covered either and can invalidate insurance in the case of a claim (except where noise test compliance was not required when new, basically on bikes made before 1984 here). However, they consider replacement of parts with ones equivalent to new as acceptable. Top boxes, panniers and other things which change carrying capacity should also be notified. I have a nephew who had his car insurance invalidated because he hadn't informed them of "non-standard" (ie, wider) wheels on his car - they were on when he bought it from the dealer and he didn't even know they weren't standard - it was a Honda Civic Type R, which has "boy racer" wheel from the factory anyway. After a slight accident where he involved the police because the other "at fault" party was being stroppy, he was subsequently charged with "driving without insurance" after the damage assessor identified the wheel issue and they cancelled his insurance cover.

Liz's Fazer 1000 (FZ1) is £108 per year for the same coverage.

Being "old" helps.

The Fazer 600 (FZS 600) is £402 per year, with our 26 year old son as the insured rider, also fully comprehensive etc and with unlimited 3 rd party liability.

These are because we have maximum "no claims discounts" and clean driving licences (touch-wood). They would rise dramatically if we had made prior claims, or had points on our licences.

As we don't have personal medical bills here generally, due to the NHS, I'd guess that's why our 3 rd party liability costs can be unlimited.

But we also have a fixed minimum deductible (known here as a "Policy excess fee") of £450-£500 for theft or damage to our own bikes.

Title: Re: $ 300,000.00. For $ 5.04
Post by: Motofun on February 04, 2021, 08:10:50 AM
Our FJ's are antiques. Get antique plates and use antique least check into it.  No yearly inspection, no yearly registration and claimed value insurance at cheap rates.  Restrictions are minimal. especially if you routinely ride multiple bikes.

Title: Re: $ 300,000.00. For $ 5.04
Post by: FJ1200W on February 10, 2021, 01:12:59 PM
Annual insurance costs Missouri USA

1989 YAMAHA FJ1200 $39.00



2009 KAWASAKI EX250 NINJA 250 $59.00

1973 KAWASAKI H2A Mach IV 750 $73.00 "Full coverage"

Title: Re: $ 300,000.00. For $ 5.04
Post by: gumby302ho on February 11, 2021, 02:45:42 PM
 Dont get me started on B S insurance. Ontario Canada probably has the highest insurance rates on the planet. My 86 ITX cost me one thousand dollars per year.The bigger the cc the more you get your wallet out. You gents dont know how lucky you are paying such cheap rates with multiple BIKES [email protected][email protected]%$.