Insurance (and what are you owners doing to your bikes)

putt1ck

putt1ck

Because it's more GS than the 1300
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So been considering changing to a 1300, hadn't made my mind up if it would be an Adventure or not. Having reached the point where I'd feel guilty getting more test rides I decided I should check insurance options. Now I know my situation is unusual (use the bike for business, going to meetings - it's registered to me but legally owned by the company, but then that's the same for anyone on a PCP deal).

Trying to get quotes when you explain the bike is legally owned by a company is "no". Which is weird given all the PCP going on - I assume everyone lies when asked?

For interest I kept everything else the same and used a comparison site to get quotes where I couldn't explain the difference between registered keeper and owner. Quotes for an ex-demo 1300GSA or GS: £2.6k, crazy excess. Reducing the value to 15k, same excess, policy comes down to £2k. No garage but kept on private property, low risk postcode, tracker etc..

At which point I get scared and check I can still insure my 1250GS - but leave everything else the same for comparison purposes. No problem, reasonable excess, £540. I have a mate at a Triumph dealer, happen to know they have a pre-reg 1200GT Pro available, try that, again leaving everything else the same. No problem, reasonable excess, £600.

So it's not the vehicles age, it's not the performance and it's not the price. When I was first checking it was for GSA so I thought maybe all you GSA owners had been scraping the sides of cars with those crazy engine bars🐰:p but GS comes out the same so it's not that. Being stolen a lot? Being crashed a lot? Something is marking them down as high risk, would love to know what.
 
Why are you not registering it with the company name and insuring through said Co? I can see a problem with trying to insure a bike that is neither owned by or leased to you.
 
Mine is £345 a year for a 25 reg R1300GS. Mind you I do live in the middle of nowhere and nowhere near the old smoke
 
Snaf said:
Why are you not registering it with the company name and insuring through said Co? I can see a problem with trying to insure a bike that is neither owned by or leased to you.
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It shouldn't be a problem, because registered keeper and legal ownership are not the same, as per PCP; PCP is not a lease. I've had that arrangement for over a decade (1190SA, 1290SA v1 and v2, 1250GS), same company, same home (keeper) address. Company insurance for a single vehicle has issues, not least the premiums are unrealistic.

But the interesting question is why the 1300GS/A come up as so expensive compared to 1250GS and Tiger 1200. The KTM ownership ended because it became impossible to get business use insurance for bikes in that insurance group, so the 1300 might be in a higher group than the 1250 (performance difference might account for it) - but in a higher group than the Tiger?
 
I paid £550 full comp and I live in the Hellscape called London. :poop:
 
As with the 1300GS when it came out, the premiums were mental. This can happen when there is not much data on the model to give it an underwriting score. They then give it a very high score as default. I believe after a year or so of being out, the insurance rates for the GS settled down as they had more data. Maybe you need to wait for the same to happen with the GSA and review things in the spring?
 
C£600 for me; 2025 1300ASA insured at full value. Garaged and tracker. Initial quotes were hard to find - two declined due to value - or were ridiculous, BMW insurance were ok.
 
I had to sell a kidney and sacrifice a virgin to get my 1300gs insured. I told them it was damn unreasonable. I mean, they had my postcode, I live in Birkenhead... Where am I going to find a virgin?
 
wessie said:
As with the 1300GS when it came out, the premiums were mental. This can happen when there is not much data on the model to give it an underwriting score. They then give it a very high score as default. I believe after a year or so of being out, the insurance rates for the GS settled down as they had more data. Maybe you need to wait for the same to happen with the GSA and review things in the spring?
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In my tests the GS and GSA came out the same (noting that I was looking at ex-demo prices so they even out price-wise)
 
putt1ck said:
It shouldn't be a problem, because registered keeper and legal ownership are not the same, as per PCP; PCP is not a lease. I've had that arrangement for over a decade (1190SA, 1290SA v1 and v2, 1250GS), same company, same home (keeper) address. Company insurance for a single vehicle has issues, not least the premiums are unrealistic.
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Oddly enough I'm just renewing my insurance on three bikes, all three asked if I was the legal owner two specific and one in the t&c. The two KTM's with Hastings and BMW with Carol Nash all for business use but sole trader, I'm guessing that your ltd Co. Declared mileage is the big difference in my experiance with insurance
£165ish for each KTM with two named riders 90 day EU cover and £201 for the BMW but they're low value, miles and risk. The KTM's have been that price since new and the BMW gets changed around a bit.

I guess as you have concluded this is bike specific pricing for the 1300.
 
Fiddlesticks said:
I had to sell a kidney and sacrifice a virgin to get my 1300gs insured. I told them it was damn unreasonable. I mean, they had my postcode, I live in Birkenhead... Where am I going to find a virgin?
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Birkenhead….. if you want a virgin, just look for a 12 year old girl who can run faster than her brother……


Old joke I know, so I’ll get me coat……
 
I bought mine before checking. My F900XR was 330, called Bennett’s to tell them I’ve changed, the insurance co I was with for the 900xr wouldn’t insure me 😲. They tried elsewhere 1200…I said goodbye. Eventually got it for 740 with RAC. Excess is 800! Insane cost. That’s suberbs of Leeds. I go to work on it three times a week. I sure commuting played a part in my premium being so high.
 
Swalker101 said:
I bought mine before checking. My F900XR was 330, called Bennett’s to tell them I’ve changed, the insurance co I was with for the 900xr wouldn’t insure me 😲. They tried elsewhere 1200…I said goodbye. Eventually got it for 740 with RAC. Excess is 800! Insane cost. That’s suberbs of Leeds. I go to work on it three times a week. I sure commuting played a part in my premium being so high.
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I developed a taste for Tigers instead. It was telling that 300 miles in despite bad clutch slip (needed adjusting) I was adding the mods to make it even better, and the day after the first service (and clutch slip fix) I did a 220 mile round trip for a business meeting, in 6.5C and persistent rain. My gloves gave up the waterproofing ghost on the way to the meeting and I still enjoyed the ride back. Insurance for a new one just under ~£700.
 
I've just bought a new GSA, ended up with BMW Motorrad insurance at just over £800. Couldn't get quotes from many insurers due to value and no tracker fitted, and I also had a £9500 claim last year because of a collision with a deer writing off my old bike. So didn't end up with much choice. I think it'll be much easier next year when the bike's replacement value is lower.
 
Is the tracker for theft tracking or are they the ones for satellite speed monitoring?
In the states I pay about 650 dollars for the whole year. For three bikes, R1250GS, R1250RS and my old /5 that I rarely ride. The newer ones are on loan and that is full coverage. The coverage was the same money when I just had the RS. I bought the GS and they put it on with no additional charge ..... wow ... But I pay them dearly for the house and pickups (utility vehicles with cargo bed) no joke .....
I saw a post on one of these forums recently where folks were taking about getting 30% off on there insurance for using an phone app that tracks you by satellite, monitoring speed. I don't thnk I've seen anything more horrifying in these forums imo, a total big brother thing ...... next thing tickets by sat ...
 
For my M1000R competition, was only one underwriter that would insure it, think it was £460 so didn't complain. Ironically having tracker increased premium, so didn't bother! Didn't have too much problem with R1300GSA, £400 no tracker - does have factory fit alarm though (was already on it)
 
The factory fitted alarm is not Thatcham so I didn’t bother. Datatag took it down £50. My last three have had that, it wasn’t until I started getting desperate to reduce the premium that I could add that. I shall start my search a bit earlier than the day before I pick up a bike!
 
Nippy Normans supply Touratech, Wunderlich, Desert Fox and many other makes of accessories.
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