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Insurance & Dealers

Discussion in 'New Riders and Riding Tips' at netrider.net.au started by Juzzy, Jun 22, 2005.

  1. Hi all



    What has been peoples experience with insurance?? I have had a couple of quotes >$500 for a $6k 250?? Is this reasonable. I am 27 and have a full licence, but only have 3rd party on my car - no ratings.
    Also, any 2nd hand dealers I should stay away from. I live in Nth Melb, so is Sumoto as option?? Any recommendations for inexpensive gear etc.
    Ta
     
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  2. Check Swann/ QBE for insur. quotes, but $500 plus sounds about right under the circumstances. 250s are a high-risk category. If you have a full licence you might do better in many respects to go for a 500/650 (NOT a sportie but a naked/ tourer/ enduro).
    And Sumoto is NO option!! :evil:

    Look around in the classifieds here for gear or meet *the mob* at one of the coffee-nights and get tips face-to-face. :) :)
     
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  3. Juzzy -

    If you've got a few years of 3rd party on your car behind you, that can count. I got bumped up 3 ratings on that alone!

    Call Steve Lesser at A1 motorcycles in Ringwood and get him to sort you out, he got me a great deal.

    Loz
     
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  4. "Just Car Insurance" a division of AAMI is also worth a look!
    Before you buy check out the insurance catagory of the bike that you intend to purchase.
    They vary widely!
    You don't want to be paying in premium as much as the bike is worth, now do you?
     
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  5. How do I find out the insurance category??
     
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  6. i went through western qbe they were the cheapest on my 250. i only paid about $260.00 full comp, but i am over 30 and rating 1 car driver. you should be able to get a deal i reckon. And as for used bike do your research, you have the net, use it. And stay away from sumoto. Old bikes dressed up with pretty new stickers and paint jobs. There are plenty of 250's out there just keep looking and asking questions on here. We are all here to help. And dont skimp on gear, its not worth it.
     
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  7. And sometimes not.

    Rating 3 with RACV (counts car driving): $1100.

    Rating 6 with Swann (no experience counted): $700.

    Just got my renewal with Swann, and it's dropped to Rating 5, for $438. It really depends on your age and your bike, as to your price, so you really DO need to ring around.
     
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  8. RACV wanted to charge me $1500 for the 250. and it costs me $1300 for the 12 with swann. Racv are from another world.. :LOL:
     
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  9. G'day Juzzy, you might not have NRMA in VIC (me thinks its RACV), but i'm 25 and paying $427 full comprehensive for my 600cc Honda Shadow cruiser. The bike isn't much of a weapon though due to it being heavy and with only 40hp so that could be why as well... It may not be much of a guide but I hope it helps...
     
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  10. And Swann ARE SCREWING YOU but sounds like you don't mind bending over and asking to push it up the jacksy nice and hard :shock:

    Cheers 8)
     
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  11. RACV will insure bikes, but they dont want too so charge accordingly. But they have it avaliable if members really want to insure with them. I have found that some 250's they are cheaper, but anything over 250 forget about it - another world, is more like another planet!!!!

    Cheers
     
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  12. And sometimes not.

    Rating 3 with RACV (counts car driving): $1100.

    Rating 6 with Swann (no experience counted): $700.

    Just got my renewal with Swann, and it's dropped to Rating 5, for $438. It really depends on your age and your bike, as to your price, so you really DO need to ring around.[/quote]RACV wanted to charge me $1500 for the 250. and it costs me $1300 for the 12 with swann. Racv are from another world.. :LOL:[/quote]

    racv dosent really specialise in insuring bikes like other insurers
    so it pays to always shop around
     
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  13. RACV and Swann owned by same company. So the money still ends up in the same account, only on different balance sheets.

    Swann specialise in bikes, RACV dont, thats why RACV think the risk is higher and charge higher premium.

    I work for RACV insurance so thank god for that so that i dont have to deal with fatalities at work when a bike gets hit by idiots who dont check blind spots.
     
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  14. where in racv u work so i can look u up on monday..
    u giving wrong information

    racv & swann insurance fall under the IAG umbrella but are not
    owned by another company.. well racv isent anyways

    our policies are underwritten by IMA only.. so insurance
    premiums go 2 them & we receive a commission & IMA incidently
    was formed by racv & nrma. 60% owned by nrma 40% racv

    racv is not owned by another company

    swann insurance underwrite our BUSINESS insurance policies
    only, where proprietors insure their work buildings etc.. thats
    nothing to 2 wif motor policies & who owns who

    thats the only affiliation we have wif them, so 2 say the moneys
    ends up in the same account is not correct.. far from it

     
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  15. Swann is owned by CGU. CGU is owned by IAG. RACV is owned by it's members, but has a strong formal alliance with IAG.

    IMA is a subsidiary of IAG

    IAG underwrite Swann policies. IAM underwrite RACV policies. IAM is a subsidiary of IAG. Therefore, Swann and RACV have their policies underwritten by the same company.
     
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  16. dont agree wif ur equation at all, but will ring underwriting on monday
    2 confirm

    if ur rite i'll kiss ur butt.. but i doubt u are :LOL:
     
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  17. ok.. heres the go.. i rang our underwriters today

    RACV & Swann have same underwriters.. so yes Mouth, u were
    correct in that sense

    where the information was incorrect was saying because
    the 2 companies have the same underwriters, the money
    send up in the same account

    so i was incorrect in saying there are different underwriters,
    but i was correct in saying the premium does not go into the
    same pockets

    Mouth, u were correct in saying they have the same underwriters
    but incorrect in saying money goes to the same people
     
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  18. So it has to be asked, when does said butt kissing occur? :D
     
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  19. :LOL: U will have 2 ask Mouth
     
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