1199S Tricolore Insurance
 

HI All,
Has anyone stuggled to get insurance on the 1199 Tricolore? Ive got 10 years NCB, clean licence, live in a low risk area, good history of 1000cc + bikes, never had trouble with insuring my 1098S but is seems that the value of the Tricolore is causing a few problems.
Ducati Insurance came back with a quote of over £1k and a stipulation that a tracker must be fitted, MotorCycle Direct ( current insurers of on the 1098S ) won't quote and Im waiting for Carole Nash to get back to me.

Any recommendations gratefully received and followed up!

Thanks,
Ben

If the issue is the value of the bike at £23,500 you could try insuring its value at £20,000.

I have been told that £20,000 is a limit for a lot of insurers.

Just don't plan on getting the full value back in the event of a claim!

I think if you "under insure" then you're in deep trouble in the unfortunate event of a claim... not worth the hassle for a few hundred quid in the grand scheme of things in my opinion.

Try E-Bike
Panigale "S", declaring Termi's too, Just over £470 fully comp.

Might be worth giving E-Bike a go,
I had a quote for an "S", declaring Termi cans/5%+ power gain
was @£470 fully comp.

You only get paid out the market value. For a brand new bike with zero miles that's gonna be what it will cost to get another brand new bike.

Get some age on it and some miles and you'll get what it will cost to replace with similar age and miles.

I'm not up on theese new fangled bikes, is it a single seater? sometimes if you tell the insurer no pillions ever carried then the quote comes down.

Got the asked question about pillions a while ago when insuring the 998, it's mono so deffo no pillions, that knocked some £££ off the quote.

Worth asking if ther are any other "extras" on the policy you are happy to do without, breakdown cover, european cover, legal, etc, etc.

Insuring a brand new, new model, megabike listing at North of £20,000 is never gonna be cheap, thats the price you pay for the latest and greatest:)

Ray.

E-Bike won't insure a bike over £20k, as seems to be the case with most Insurance companies. Ho hum.

Did you try Ducati Insurance?
You also get a discount if you're a full (paid) Club member!

After reading on various forums it appears that the majority are going with MCE who are giving the best quotes. Ducati Insurance are good but they seem to have increased their prices much more than most other insurers recently.

Try Adelaide Insurance in Belfast, they have won the Which best insurer a few times and are good to deal with. They guarantee to beat your cheapest quote by 10%.

I got my 848 insured through them for around £140 protected with legal and full breakdown, £400 excess.

Doing comaprison searches the Bike Insurer was previously the cheapest using MCE and Bike Devil ( also MCE but with no excess at all)

Thanks for the suggestions. Ducati Insurance quoted £1071 and stipulated that a tracker has be fitted.

I'll keep you posted.

Can you put that into context, ie what did you have before, how much was it worth and how much were you paying?

Given that a 1199S Tricolore is nearly £25k, I'm not surprised they want a tracker on it!!

I had a 1098S before, owned for 3 years and agreed valued at 10.5K and was paying £235 full comp with proctected NCB (9+years ncb) with Motorcycle Direct. Prior to that Ive had a 996, a 998, a couple of R1's and a Fireblade so its not as though Im new to 1000cc+ bikes.

True, but coming from something less than half the value is going to see a large increase in your premium, naturally.

£235 of £10,500 is 2.23%
£1071 of £23,495 is 4.5%

So yes it's an increase, but it's not as big as it seems!

There are a lot more factors to take into account as well as your history; bike value, rarity, replacement costs, "stealability", etc. A lot of these things will be unknown to the insurance industry so they are being over-cautious on finding a price until those costs become clearer.

It may also be that the insurers think that anyone who can afford £24k on a bike can also afford £1k on insurance... ;)

All of your points are valid and I do understand the underwriters point of view but its just a bit of surprise to see such a big jump in the premium. The calls continue... worst quote so far £9197.19 which was most bemusing - no idea how they managed to come up with that.

At the end of the day its got to be insured by next Friday at the latest :)

Yeah, it's not good I agree.

Mine jumped from just over £100 a year for the 748 to nearly £400 when I bought the Hypermotard and moved to a dual policy. Luckily it's down to just over £200 now with Ducati Insurance, most likely as the value of the Hyper decreases and other factors mentioned come in to play.

Unfortunately you'll just have to pay it seems!

If it's down to the money alone, is it worth checking a six-month policy and then trying again after? Prices might have come down by then? Just be careful you don't screw yourself over with NCB, etc.

If your quotes are online quotes its worth actualy ringing the companies and asking for them to confirm the price and then say its too high its quiet amazing how much they can drop a quote when your actualy speaking to them never go with the first quote always try to haggle it down, i had one insurance company ring me back after i said it was too high for my bayliss rep and they had managed to cut the quote by 50% so always worth ringing and checking and haggling.

Nobody will provide a quote online, I have spoken to everyone over the phone so far. Looks like it is going to be £1k for this year but should drop significantly next year.

A friend of mine has just insured his new Panigale and his 1100 Hypermotard through MCE, total cost including Breakdown and legal is not much over £600

MCE it is, agreed value of £23495 and confirmed with underwriters. Still expensive but at least its now covered. Roll on Friday :)

Ian
I live in Northumberland and have been quoted 1399 for the 1199s, how old was your mate .

I too have struggled with the insurance question.

I tried MCE and they quoted me a ridiculous £1100. They then pestered me with phone calls trying to reduce it but then only got to around £700.

Eventually, I went back to eBike with whom I already have a multibike policy. Took off one of my SORN bikes (which is in pieces for this year anyway) and replaced it with the the 1199S. The result was £180 (of which £30 is the admin cost I believe) for the remaining 11months of the policy.

Good result.

MCE have continued to call me every day despite being told I now have insurance. VERY ANNOYING.

He is 52 and lives in Otterburn. He said they were the cheapest but are a pain to deal with. Every time he calls them they seem to want £30+ for 'changes' to the policy.

Panigale "S" Insurance ????
 

E-mail from E-Bike = "underwriters won't entertain"
Bollox, scour internet for quotes, £9000 odd pounds ! :lol:
Call from "the bike insurer" we can do a policy for 15 months, £1288,
Answer - fu*k off - way too much
after 3 more calls, final quote, £998.58p
NO - still too expensive.
"I'll speak to underwriters again - ring you back"
Meanwhile = Ducati insurance quote on-line = £577 for 12 months = RESULT me thinks !
Bike insurer rings, tell him I've got a quote on-line, and I tell him (well - nearly the right figure) :rolleyes: what it is, the thump of his jaw dropping could be clearly heard,
Equity red star - £570, comp etc, "can I ring you back" ?
Of course you can - but not with a silly quote
End result, 15 month policy, legal,breakdown,helmet + leathers,courtesy bike,90 day Europe cover, £566-36p
I'm convinced these insurance companies all belong to the "society of Robbin Hoods" (or *******s) more like !