Insurance companies (and brokers) taking the piss.

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Cousin Jack
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Insurance companies (and brokers) taking the piss.

Post by Cousin Jack »

Just had my renewal notice from Bennetts.

£365-70 for a CB500F down in crime-ridden inner-city Cornwall! Including an arrangement fee of £20! All his after factoring in 9+years no-claim bonus

FFS, last year my VFR was about £150, they stung me £50 to change to the CB500 which I though was a rip-off. Now they are really trying to rape me.

Cheapest quote so far is £117. No less than 26 other quotes all at least £100 cheaper than the renewal, including Bennetts themselves.

Bennetts will not be getting my business any time soon.
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Re: Insurance companies (and brokers) taking the piss.

Post by Bigyin »

The renewal is always dearer than the online quote. I used to always decline the renewal and take the online quote from the same company as it includes a "new business" discount. Did it with Hastings many times and even they admitted it was a loophole but i could still do it plus it saved me sending any proof of no claims ;)

At the moment both bikes are about 250 quid each but the Ducati worth shit loads has max no claims and insured fully comp for business use as well. The Yamaha is worth fuck all and insured TPFT and business use but with a single years no claims. I need to sort multibike to cover both on the max no claims as should cost less
Last edited by Bigyin on Fri Feb 12, 2021 4:33 pm, edited 2 times in total.
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Re: Insurance companies (and brokers) taking the piss.

Post by Yorick »

Best I can get here is 450€ tpf&t.

Fully comp well over a grand .

None of my mates bother with theft and have TPO.
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Re: Insurance companies (and brokers) taking the piss.

Post by Le_Fromage_Grande »

I think my 145mph FZ750 is under £100 fully comp for me in Ipswich
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Re: Insurance companies (and brokers) taking the piss.

Post by Cousin Jack »

Bigyin wrote: Fri Feb 12, 2021 4:12 pm The renewal is always cheaper than the online quote. I used to always decline the renewal and take the online quote from the same company as it includes a "new business" discount. Did it with Hastings many times and even they admitted it was a loophole but i could still do it plus it saved me sending any proof of no claims ;)
I think you mean dearer, but I know what you mean. :D

What really pisses me off is that Bennetts have the brass neck to try to charge £20 extra for facilitating the Insurance Company rip-off. I thought the idea of a broker was to help me through the insurance minefield, not to detonate the mines underneath me. :cry:
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Re: Insurance companies (and brokers) taking the piss.

Post by Taff »

Adrian flux has given me the same renewal price three years in a row. Because the price is good I haven't even shopped around.
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Re: Insurance companies (and brokers) taking the piss.

Post by Bigyin »

Cousin Jack wrote: Fri Feb 12, 2021 4:32 pm
I think you mean dearer, but I know what you mean. :D
Yeah, oops, i had already changed it ;)
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Re: Insurance companies (and brokers) taking the piss.

Post by Scotsrich »

I've been with Carole Nash for years with my ZZR1100 but last year I bought a Triumph Sprint and they were way more expensive than most others.

I even phoned them up but they wouldn't budge.
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Re: Insurance companies (and brokers) taking the piss.

Post by Dodgy69 »

The whole insurance industry is a travesty of a mockery of a sham, your honor. 👎
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Re: Insurance companies (and brokers) taking the piss.

Post by Yorick »

Dodgy knees wrote: Fri Feb 12, 2021 6:03 pm The whole insurance industry is a travesty of a mockery of a sham, your honor. 👎
They have a legal duty to their shareholders to maximise profits.
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Re: Insurance companies (and brokers) taking the piss.

Post by Mr. Dazzle »

Is it cause lots of new riders have CB500s so the risk rating is really high?
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Re: Insurance companies (and brokers) taking the piss.

Post by Yorick »

It's caused by them tossers buying bikes with brown seats.
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Re: Insurance companies (and brokers) taking the piss.

Post by cheb »

Yorick wrote: Fri Feb 12, 2021 6:24 pm It's caused by them tossers buying bikes with brown seats.

Your island must be swarming with them. Do they migrate there for the winter?
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Re: Insurance companies (and brokers) taking the piss.

Post by Yorick »

cheb wrote: Fri Feb 12, 2021 6:29 pm
Yorick wrote: Fri Feb 12, 2021 6:24 pm It's caused by them tossers buying bikes with brown seats.

Your island must be swarming with them. Do they migrate there for the winter?
S'all sports bikes here :)

But thanks for the sly dig :)
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Re: Insurance companies (and brokers) taking the piss.

Post by demographic »

Yorick wrote: Fri Feb 12, 2021 6:30 pm
cheb wrote: Fri Feb 12, 2021 6:29 pm
Yorick wrote: Fri Feb 12, 2021 6:24 pm It's caused by them tossers buying bikes with brown seats.

Your island must be swarming with them. Do they migrate there for the winter?
S'all sports bikes here :)

But thanks for the sly dig :)

Wasn't it just a joke about the high price for insurance over there?
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Re: Insurance companies (and brokers) taking the piss.

Post by cheb »

Sorry, I forgot you don't do banter when it's towards you :obscene-birdiedoublered:

It won't happen again, well not until the next time.
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Re: Insurance companies (and brokers) taking the piss.

Post by KungFooBob »

tenuously related, but this just popped up on friendface...

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Re: Insurance companies (and brokers) taking the piss.

Post by Cousin Jack »

Mr. Dazzle wrote: Fri Feb 12, 2021 6:22 pm Is it cause lots of new riders have CB500s so the risk rating is really high?
Perhaps, but since I have had a full motorbike licence for over 50 years, and have over 20 years motorcycle insurance without a claim, you might think they would cut me some slack
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Re: Insurance companies (and brokers) taking the piss.

Post by Druid »

Cousin Jack wrote: Fri Feb 12, 2021 7:25 pm
Mr. Dazzle wrote: Fri Feb 12, 2021 6:22 pm Is it cause lots of new riders have CB500s so the risk rating is really high?
Perhaps, but since I have had a full motorbike licence for over 50 years, and have over 20 years motorcycle insurance without a claim, you might think they would cut me some slack
You haven't dealt with insurance companies before, have you?

;)
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Re: Insurance companies (and brokers) taking the piss.

Post by MingtheMerciless »

My work colleague has just sacked off Bennett’s, quote of £160 for a renewal on his Harley, £89 online for Bennett’s and the closest they would go to on the phone was £130!
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