Insurance Group Classification for a BMW GS1250 Rallye HP TE

[Alex B]

Insurance Group Classification for a one year old BMW GS1250 Rallye HP TE


My question is... does anyone know (or think they know) what it is or what it should be ? Telephoning round different well known insurance companies they're rating it from 14 all the way up to 16. When questioned, they "insist" they're right.

My "references" suggest that a BMW GS1250 Rallye is a 14. Does the "HP" labelling really bump it up to a 16 ?

Anyone here know for sure ?


Thanks.

 

[Mr Bean]

Insurance Group Classification for a one year old BMW GS1250 Rallye HP TE


My question is... does anyone know (or think they know) what it is or what it should be ? Telephoning round different well known insurance companies they're rating it from 14 all the way up to 16. When questioned, they "insist" they're right.

My "references" suggest that a BMW GS1250 Rallye is a 14. Does the "HP" labelling really bump it up to a 16 ?

Anyone here know for sure ?


Thanks.

Can't answer your specific question, but what I did learn is that a Rallye is treated differently to a std TE. Due to previous incidents only one company would quote me for a Rallye and that was at £7k, whereas a TE was around £5k less.

 

[Ajay]

In answer to the OP's question, no one "knows for sure", other than the insurer you are dealing with.

This is because Insurance Groups are not set in stone. Each underwriter will allocate the insurance group they will apply, based on their view of the risk.

They "insist they are right" because they are. They are advising you of the group that their Company applies

Perhaps don't worry about the grouping, simply shop around as usual & make your insurer decision based on cover, excess, security & other conditions, insurer reputation etc. Oh, and of course price

 

[Rowle]

In answer to the OP's question, no one "knows for sure", other than the insurer you are dealing with.

This is because Insurance Groups are not set in stone. Each underwriter will allocate the insurance group they will apply, based on their view of the risk.

They "insist they are right" because they are. They are advising you of the group that their Company applies

Perhaps don't worry about the grouping, simply shop around as usual & make your insurer decision based on cover, excess, security & other conditions, insurer reputation etc. Oh, and of course price

This is correct. My mrs owned a bike ins brokers for years so knows what its all about.
Each ins company have their own rates and Groupings.
Even though she owned the brokers she always made me use compare the market as its by far the cheapest.
Also, there is more discount available for new business than renewals so always shop around each year and change company if needed.
My new GS with business cover / protected no claims was £310 this year (53 with full no claims)

 

[Fullchat]

Ive just renewed insurance for my 1250 Adventurer HP. Ive looked on the comparison sites. You fill in the VRM and it automatically gives you R 1250 GS ADVENTURE RALLYE TE (136HP). No mention of HP. Likewise the registration document. So the industry are referring to it as a RALLYE TE.

Can't see the GS would be any difference. Just drop the A

 

[Alex B]

Very interesting and useful feedback. Is this a "loophole" that may be allowing insurers to write their own tickets so to speak ?

I'd always believed that insurance groups were more or less agreed across the board. That was wrong.

Yes, always shop around, that's always good advice.

 

[Wapping]

If one insurance provider labels the bike band 14 and charges the buyer £500, whilst another designates the vehicle as band 18 and charges £120, will anyone really care what band the bloody thing fits in?

 

[Alex B]

If one insurance provider labels the bike band 14 and charges the buyer £500, whilst another designates the vehicle as band 18 and charges £120, will anyone really care what band the bloody thing fits in?

Interesting perspective. Maybe so.

I'm not exactly sure many people would really approve of a "Wild West" approach to setting insurance ("it is what I say it is"). Otherwise surely insurance banding would have almost no point whatsoever and everything becomes a free-for-all. (It certainly feels like it sometimes). Might explain why so many senior insurance execs drive very expensive cars and live the high life

 

[Neil W]

Recent image of insurance risk assessors at work , its all down to mice tails, bat droppings and spells

 

[Alex B]

Recent image of insurance risk assessors at work , its all down to mice tails, bat droppings and spells

That seems to be more like it

The more time goes by, the less the "system" seems to be anything other than one big mirage. They might as well be selling what they laughably call insurance off the back of an East End barrow.