BMW R1200RT/R1250RT Forum

Sorry if this has been covered before but it seems that it pays to be a new customer when buying insurance.



Got my renewal through for the 1250RT, nearly £460. £100 more than last years premium which was based on a 1200GS LC.


Straight onto Compare The Market for a quote, tapped in all the info from the renewal statement (same excess, mileage etc.) The company that I'm currently with gives a quote of £360. Now need to ring them and see if they can match their own quote.


Before somebody tells me that I've bought an 18 grand bike and  now moaning about the cost of insurance. I'm not, what bothers me is the price of insurance if you don't challenge them. If they had quoted a new customer the same price I would have said fair enough ( but still shopped around).

Welcome to the world of selfish, greedy insurance companies, who show absolutely no reward for loyalty to existing customers . New customer? Certainly sir.......

It's actually an excellent situation for people to get off their backsides, research the market and get a great deal. If others want to simply pay the renewal price with their existing company, then that's their choice.
I've just completed the  renewal  on my Triumph Sprint. £135 with Hastings (who also insure my RT at present) and £85 following an MCN insurance search.
It all helps to keep prices as low as possible.

I commented elsewhere that this year I was quoted £460 and ended paid less than half, through the same broker. Apparently they receive the renewal quote from the insurer and just send it out  instead of doing a "re-quote". Nearly lost them a customer.

Phoned them today and they can't beat the comparison site quote ( which is for their company). Could get it down by £50. Told me that the best thing to do was cancel the renewal and go through the site to get the price as a new customer. So that's what I did.


Found slightly cheaper quotes but all with high excesses on the policy, the company I'm with now has the lowest excess.


Suppose at least now Ive got the 2 for 1 offer on cinema tickets and pizzas for a year.

Got my renewal notice from Carole Nash, £440 for a Six Wheel policy, (2 bikes + 1 car). The premium has gone up less than a tenner since last year. Will give them a call and ask if it's their best price, together with ringing the IAM bunch for a quote.

David. wrote: Got my renewal notice from Carole Nash, £440 for a Six Wheel policy, (2 bikes + 1 car).

That's 'Eight' wheels?... be sure to check your policy wording?,, you might not be covered if you get rammed up the back end (oo err missus) in your car   

simbo wrote:
That's 'Eight' wheels?... be sure to check your policy wording?,, you might not be covered if you get rammed up the back end (oo err missus) in your car 

'Six Wheel®' - Carole Nash's registered trademark for combined car and bike policies! 


Pete

Phoned IAM Surety Insurance, they are just not competitive for me. I sometimes wonder why I continue to pay IAM Roadsmart around £30 per year to maintain my membership.

Have renewed with Carole Nash for £440, now been with them for the last 5 years. So much for insurers not looking after existing customers and only looking for new business then hiking the renewal premium.

Got to recommend the guys at bemoto , my premium went down by £50 ( just renewed July 2019 ) on a 2016 r1200RT
https://www.bemoto.uk/

I'm glad I'm old....'59 model....on an old bike....'06 model....covered by the oldies favourite, Saga.... £74 fully comp.  ;D I only ever found one company that would acknowledge my Class One Police Advanced ticket as 'further training', but their premium was way higher in the first place. Saga must like me - they insure my Merc too, for around £100 cheaper than anyone else.


Pete

milleplod wrote: I only ever found one company that would acknowledge my Class One Police Advanced ticket as 'further training',Pete

I too find that the IAM and ROSPA gold tickets offer no worthwhile discounts nowadays.

Just had my renewal from Bikesure, £398 for a '12 RT and '92 CBR600 including £40 interest for paying over 4 months.

I too find that the IAM and ROSPA gold tickets offer no worthwhile discounts nowadays.

I guess most of your premium is actually theft risk rather than third party risk, being 'advanced' doesn't change that.

milleplod wrote: I'm glad I'm old....'59 model....on an old bike....'06 model....covered by the oldies favourite, Saga.... £74 fully comp.  ;D I only ever found one company that would acknowledge my Class One Police Advanced ticket as 'further training', but their premium was way higher in the first place. Saga must like me - they insure my Merc too, for around £100 cheaper than anyone else.


Pete

Do Saga insure bikes now? I've had my car with them for a few years and always received competitive renewal quotes. However, when I asked about bikes two years ago they said that they didn't quote directly but referred me to Bennetts.

MikeS wrote:
Do Saga insure bikes now? I've had my car with them for a few years and always received competitive renewal quotes. However, when I asked about bikes two years ago they said that they didn't quote directly but referred me to Bennetts.

Saga bought out Bennetts a while ago now, but still use Bennetts as a trading style. Documents are all marked up as Saga though.
Pete