Quote:
| Originally Posted by benF04 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...
