Please can someone explain why?!

[chr1s]

Ok, i've just come from the UK. Had a full car licence since 1989. Had a full bike licence since 1992.

I bought a Toyota yaris, worth 7K...cheapest quote was $1700 for collision and comp. The company i went with was the only one to give me 6 years of experience discount after taking into account my UK driving history and good record. Other quotes were 6K!!

Fast forward a couple of months....I've just tried to get several quotes from companies for my bike, a 2012 FZ8 on a NEW M licence that i hope to get soon. Noboby i've spoke to will acredit me for my UK bike history unlike for the car. However the quotes are approx $900 for collision and comp.

So how does that make sense? 2007 Yaris, worth 7K, 6yrs experience is nearly twice as much as the bike quote which is based on no experience, worth 10.5K, and lets face it, is more dangerous?


Please can someone with insurance knowledge maybe explain the logic?

[dr_sarcasm]

...you used "logic" in the same sentence as "insurance" - the two are differing concepts here in Canada... (an oxymoron, if you will).

[DaveTheCanuck]

Welcome to Canada, you're gonna need it.

[VifferFun]

Ok, i've just come from the UK. Had a full car licence since 1989. Had a full bike licence since 1992.

I bought a Toyota yaris, worth 7K...cheapest quote was $1700 for collision and comp. The company i went with was the only one to give me 6 years of experience discount after taking into account my UK driving history and good record. Other quotes were 6K!!

Fast forward a couple of months....I've just tried to get several quotes from companies for my bike, a 2012 FZ8 on a NEW M licence that i hope to get soon. Noboby i've spoke to will acredit me for my UK bike history unlike for the car. However the quotes are approx $900 for collision and comp.

So how does that make sense? 2007 Yaris, worth 7K, 6yrs experience is nearly twice as much as the bike quote which is based on no experience, worth 10.5K, and lets face it, is more dangerous?


Please can someone with insurance knowledge maybe explain the logic?

What bike insurer is writing you for only $900 on the FZ8 with 0 years experience?

[TwistedKestrel]

There's no problem - both of those rates are pretty low. Once you crest a certain age, the cost of insurance for motorcycles seems to fall below car insurance.

[wormburner]

Yeah, those rates are pretty competitive.
Pay the bill, and enjoy the ride.

[rideitlikeyoustoleit]

By his thread title it sounds like he's complaining about having 0 years experience and getting a $900 insurance premium. Someone ban this guy. I think he's on drugs.

[chr1s]

By his thread title it sounds like he's complaining about having 0 years experience and getting a $900 insurance premium. Someone ban this guy. I think he's on drugs.

Would be shame to ban me i've just joined.

I'm not complaining about the $900 quote, in fact i aint complaining about either of them, i'm asking why there appears to be no logic in the 2 prices. I thought it was clear in the original post but clearly not eh?

I'm 41 y/o and the quote was from Jevco for the bike. In fact i'm quite happy with that price, about 2x what i'd pay in the UK but over there i have 20 years experience. For the Yaris i'm paying about 5 times more than the UK. C'est la vie.

[Jayv]

How much would a yaris cost in the uk? Probably twice as much.

Price of petrol

[chr1s]

How much would a yaris cost in the uk? Probably twice as much.

Price of petrol

Actually no it's more expensive here. I've just looked on autotrader.co.uk and they'r about 4000GBP for a similar age/mileage model. That's $6200 CAD. I paid 7K and that was a great private deal. As for the fuel, yes in the UK it's twice as expensive but then again it's better quality!..Less sulfur content means over there the oil change interval is twice as less as NA intervals.