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older bike insurance?

Discussion in 'Businesses and Service Providers' at netrider.net.au started by shady_knife, May 15, 2009.

  1. hey

    i need a company that does cheap insurance for older bikes



    was with swann, but they only go back 15 years (thats the cut off) and it was $1050 a year for a gs500f, now i want to insure a 1988 honda cbr250 and insuremyride quote me as $1800 a year.

    im on my P's, but why the huge difference between the gs500 and the 250?

    anyway, whats a good insurance company?
     
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  2. Some people say that Shannons give good insurance prices (didn't for me). QBE seem to have a good insurance prices. See how you go with them.
     
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  3. Two years ago I had an 83 gpz250 insured with RACV
     
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  4. I'd dare say it would be something to do with the theft rate, if you're talking comprehensive. There's a lot of hektic riders on CBR250s so I'm sure they're throwing the numbers out.
     
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  5. InsureMyRide are pretty cheap, but only if you have a clean license record.

    I'm, ahh, no longer insured with them :(
     
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  6. It's the poofy fairings, they assume people with fairings can't ride.
     
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  7. Lots of cbrs, lots of young riders, lots of crashes = High insurance premium for another young rider with a ??% chance of crashing
     
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  8. QBE have a 20 year cut off.

    Shannons will probably cover you but not for everyday use.

    I would speculate that CBR250RRRRRRRRRRs crash more than GS500s and cost more to fix when they do.
     
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  9. You think the unexpected wont happen to you?
    riders of all experiences crash.
     
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  10. My 1982 Triumph is insured through them - either they're BS-ing you (or me) or its some other reason. GIO, RACV?
     
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  11. Is that why you broke yours off?

    :p
     
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  12. What level of insurance do you want to get? if third party is what you want, most insurance company will do it.

    I had insurance with a 88 cbr250 with swan (comprehensive), then WesternQBE.
     
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  13. rang swann they said 15 year cut off.... mmmmmmmmmm will ring again on monday i suppose.
     
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  14. No not at all, I was just saying premiums are expensive because the stats surrounding cbrs suggest they are involved in a lot of accidents.
     
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  15. Quite often insurance companies don't single out specific models of bikes.
    More a combination of bike type, age of rider, location, parking etc...

    To get $1800 for a CBR250 I would assume you are on a rating 6 with previous claims or accidents.

    Shannons wont do daily rides and can be fairly stringent on riding history. The bike must also be garaged.
     
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  16. Pay any attention to the easter news.. ?
    3 incidents - all involving R1's.

    What is your source?
     
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