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Comprehensive Insurance prices: An L-plater on a VTR

Discussion in 'Businesses and Service Providers' at netrider.net.au started by iliketoride, Jun 26, 2006.

  1. So whats been everyones experience with comp insurance.. It's possible I'll be getting a bike on finance so insurance will be required, plus if its not too expensive it will be good to have.

    So rough estimates? Best insurance company to get a quote from? e.t.c





    :eek:
     
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  2. Depends a lot on how old you are. Could vary from $1500 to $4000.

    Edit: I just used Shannons online quote (link below), and it spat out that for a VTR250, a 28 year-old living in a low risk neighbourhood, garaged, would be $1800 a year comp.

    They don't offer insurance to under 25's.


    http://www.shannons.com.au/insurance/bike/


    Most insurance companies will charge similar rates if the conditions are the same.
     
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  3. Swann and WesternQBE were happy to insure me on my VTR250 (27 yrs old, 2005 VTR250, rating 1 driver, learner) for under $60/month. They also insured my partner on a Yamaha XVS650 for about the same rate - maybe a little more. Make sure you keep an eye out for both low rates per month/year and low excesses. Sometimes an excess which you MAY ever have to pay, which is $100 more isn't worth paying heaps more per month/year for. Remember you're only guaranteed to pay the premium - you're not guaranteed to pay an excess.

    Find a happy medium between the excess(es) and the premium. I've also since heard that AAMI insure bikes - give them a go too .. the quote I saw for someone else on netrider looked quite reasonable.
     
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  4. AAMI - on my 92 ZXR250C $410 a year for comprehensive + $500 excess (+extra $400 since i'm 22). Bike is garaged.
     
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  5. skeeo: you're the one I was thinking of :) Your quote actually makes me want to get a quote from them also - even with the excess being a little higher than mine at the moment, its still a worthwhile premium. Do you know if they have an inexperienced rider excess on top of the $500 standard excess?
     
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  6. not that I know of, the lady on the phone didn't say anything about it, I should get all the paperwork for it in the next few days, when I get it i'll scan through it and let you know if there is. I told her I was on my l's and all and she didn't mention anything though.

    She also said I got a rating 5 (i think) for a motorcycle which is the highest you can get on a bike with AAMI.
     
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  7. skeeo: nice :) sounds like you got a really good deal then :)
     
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  8. Im Insured with Swann through HRCA and I pay about $360 per annum. Was a L plater when i got it. Im a rating 1.
     
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