Insurance TPFT or comprehensive?

[lockwood1956]

I am a born again biker ( 20 or more years out) and have been riding a bandit 600 ( for the last three months) had a blast but feel I need more grunt
Looking at buying a VTR1000,

Hastings direct who have insured the bandit for £98 fully comp want an extra £370 for the vtr

Not happy with this I looked on MCN compare and can find fully comp for £208 but with compulsory excess of £400

Third party fire and theft is available at £93 with no compulsory excess.

I am now in a dilemma, I appreciate the insurance cost is more because of fairing and extra engine capacity, but bike costing me £1000 from a mate.

So the question is, which way to go regarding insurance, I can't really decide, as a claim would mean paying excess and huge hike in cost next year, so would it be better to go third party and take the hit on any damage I do to the bike if I fell off it?


Your thoughts and views appreciated
( I'm 59 if that has a bearing on anything!!)

[Flatline]

Try MCE insurance as well as looking at moneysupermarket

See what comes up

[lockwood1956]

Try MCE insurance as well as looking at moneysupermarket

See what comes up

Brilliant

Thanks for the tip
MCE £181 fully comp and £83 TPFT

Result!

[MacV2]

I was insured with MCE, had a claim, terible to deal with, be warned !

Read the small print...

[MacV2]

Oh & if the worst come to the worst dont let them anywhere near the bike if it requires any work...Remember Bennys loose calliper bolts on his SP

MCE appointed workshop IIRC.

[bigtwinthing]

I was insured with MCE, had a claim, terible to deal with, be warned !

Read the small print...

yep their shite.

[Watty]

Swinton bikes all the way for me. £100 fully comp. Can't vouch how good they are for claims etc though!

[chric]

carol and nash been useing them years on and off
never claimed though

[chric]

phone them aswell some times cheaper

[Hellboy12345]

I am 50 yrs old and mines tpft with Bennett's £85 a year and I've been riding 5 years mainly cruiser's through.will be going fully comp when renewal due

[AMCQ46]

It's always going to be a marginal decision for the extra cost of fully comp with a higher excess on bike with such a low value.

If you were an experienced biker it should tip the scales back to TPFT, if you are still getting back up to speed on a bike, then do a year on fully comp to cover the risk of a rookie mistake, and back to TPFT after that.

[Z28DUNC]

If it was a bike worth over 3k I'd go FC but when its worth very little always go TPFT. You'd be robbed by the insurance companys on future insurance if you ever claimed, not worth it!

[lockwood1956]

Cheers for the replies one and all.

Decided to go TPFT as the bike is £1000 and a claim of over £500 would write it off and with excess at £500 just not worth it.

Rookie mistakes will be funded from own pocket, it seems that on older bikes insurance is for third party claims and legal reasons, everything else self funded.

Bit of luck I will never need it

regards
bob

[tony.mon]

TBH anything you bend on one of these will cost you less than £400 to put right. For that you can buy one with a dropped valve or similar engine probs and swap your engine over, and still be left with parts to sell on.

It's not worth having a claim if the excess is over £200, in my opinion.

Better to sort it yourself, if it's just a drop. If you hit something else, or worse, injure someone, well, that's what insurance is for, isn't it.

[bigtwinthing]

Cheers for the replies one and all.

Decided to go TPFT as the bike is £1000 and a claim of over £500 would write it off and with excess at £500 just not worth it.

Rookie mistakes will be funded from own pocket, it seems that on older bikes insurance is for third party claims and legal reasons, everything else self funded.

Bit of luck I will never need it

regards
bob

i think most people drop their bikes on their drives tbh. Excess is ridiculous these days so TPFT is mostly the best option unless your bikes worth 5K+