Help with motorcycle insurance

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HawkiesZA

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Earth. Welcome!
Hey guys. I'm getting a new motorcycle and I need to organise insurance for it, and I'd like to get some advice.

I've checked with Hippo, Auto&General and Outsurance, and everyone wants to charge me over R1100 p/m, which just seems outrageous. I found a place called Bikeline (which seems to be a specialist bike insurer) and they've quoted me R342 for comprehensive insurance and their excess is flat rated at R2000, which seems a lot more reasonable.

Thoughts/suggestions? Are there other places I should be checking out?

[EDIT] The new bike is a Honda NC700x. Retail is R66000.
 
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OP, do you have learners or license? Just take note that companies like ironhorse will charge you an additional R10k excess if you are using a learner’s license. (used to be like that)
 
I am using a learners.

I have never claimed from the before.

The F&I lady at Honda ERM did say that she has heard good things about them.

Also the dealing I''ve had with Trudi has been very good. She is also a biker, maybe we can trust another biker offering insurance????
 
@OP Where are you based?

If you are in Gauteng I can refer you to brokers that might be able to get you a decent insurance quote.
 
grim said:
@OP Where are you based?

If you are in Gauteng I can refer you to brokers that might be able to get you a decent insurance quote.
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I'm in Gauteng. Live in Centurion, work in Jhb. Can't say I'm particularly keen to go through a broker though. From what I've heard, that just adds another layer of complications.
 
HawkiesZA said:
I'm in Gauteng. Live in Centurion, work in Jhb. Can't say I'm particularly keen to go through a broker though. From what I've heard, that just adds another layer of complications.
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WTF? Dude...its the other way around! I have a broker...they take care of everything and most times the rate is even cheaper than going direct.

Im with Santam, R310 a month. Flat excess of R1500 for accidents for my 2007 SV650S, through a broker - oh...and I have a learners with 2 months experience on a bike :)

I even have a voucher of R1500 I can use should there be an accident...so that means no excess! Dunno who told you a broker makes things more complicated, sorry to say I dont think they have a clue... :whistle:
 
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HawkiesZA said:
I'm in Gauteng. Live in Centurion, work in Jhb. Can't say I'm particularly keen to go through a broker though. From what I've heard, that just adds another layer of complications.
Click to expand...

Actually a broker removes layers of complication and cost
 
HawkiesZA said:
I'm in Gauteng. Live in Centurion, work in Jhb. Can't say I'm particularly keen to go through a broker though. From what I've heard, that just adds another layer of complications.
Click to expand...

What the other guys said about brokers, far less hassle when things go wrong as they sort everything out for you.

Sent you a PM with their contact details.
 
CrazyFig said:
WTF? Dude...its the other way around! I have a broker...they take care of everything and most times the rate is even cheaper than going direct.

Im with Santam, R310 a month. Flat excess of R1500 for accidents for my 2007 SV650S, through a broker - oh...and I have a learners with 2 months experience on a bike :)

I even have a voucher of R1500 I can use should there be an accident...so that means no excess! Dunno who told you a broker makes things more complicated, sorry to say I dont think they have a clue... :whistle:
Click to expand...

Wow, that's a bold statement to make... I won't go out on a limb and say you don't have a clue as there are some good brokers out there. But they don't do anything you can't do yourself if you know the insurance industry.

My problem with brokers are 2 fold. You call them when you have a claim and they direct you to the insurance company to log a claim... (Not true for all brokers but this is my experience) why do I pay them a % share every month :/ ?

Then, people say they get you a cheaper deal. This is partialy true. All insurance companies will rate you and quote you on your profile. They quote you high as insurance is a hit and run business. They want to sell you their product on first contact to prevent you from shopping around. Should you shop around they have access to up to about 35% in discount they play with trying to convince you to sign with them.

Now, brokers know the discounts available on the products they sell so they do the same. Load your quote and then tell you, they will get you a cheaper rate. You are lured in and when they give you the new price after the initial quote then you are happy at how good a broker you have :D

Don't believe me? Call your broker and tell him you got a better offer and see him re-rate you and give it cheaper. They make their money on a percentage of what you pay. The higher they close you on, the higher his "admin fee" monthly :d

If you aren't lazy, shop around go directly and you will be amazed at what 1 day's worth of quotes and calls can save you.
 
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Pitbull said:
Wow, that's a bold statement to make... I won't go out on a limb and say you don't have a clue as there are some good brokers out there. But they don't do anything you can't do yourself if you know the insurance industry.

My problem with brokers are 2 fold. You call them when you have a claim and they direct you to the insurance company to log a claim... (Not true for all brokers but this is my experience) why do I pay them a % share every month :/ ?

Then, people say they get you a cheaper deal. This is partialy true. All insurance companies will rate you and quote you on your profile. They quote you high as insurance is a hit and run business. They want to sell you their product on first contact to prevent you from shopping around. Should you shop around they have access to up to about 35% in discount they play with trying to convince you to sign with them.

Now, brokers know the discounts available on the products they sell so they do the same. Load your quote and then tell you, they will get you a cheaper rate. You are lured in and when they give you the new price after the initial quote then you are happy at how good a broker you have :D

Don't believe me? Call your broker and tell him you got a better offer and see him re-rate you and give it cheaper. They make their money on a percentage of what you pay. The higher they close you on, the higher his "admin fee" monthly :d

If you aren't lazy, shop around go directly and you will be amazed at what 1 day's worth of quotes and calls can save you.
Click to expand...

Eh? You seem to have taken offense? Did you recommend the OP to stay away from a broker?

Very clued up by the way. Searched for insurance from many companies directly before I even went to my broker. Came in at about the same price for my premium (most of them were a bit more - cheaper ones had lists of exclusions and additional costs for certain things)...but the lekker thing is I have no 2 page list of exclusions like the other insurance companies had. One flat excess, which was far lower than the others. Im happy with that :D

Sure...some brokers are kuk, and sure...if you want to have the admin of managing your insurance...then skip the broker. Just stating that most times....a good broker is sooooo worth it. If I have a claim....they sort it out, I dont deal with anyone or have to run to the insurance company.

Sounds like you have had back luck in your past with brokers....so ja, I recon a good broker is key ;)
 
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