Spoke to head of Ducati uk Marketing he said Ducati tried to set up cheaper deals but the insurance brokers basically control everything. If u note the insurance brokers main dealers have never provided any accountability of their profits or losses or actual costs surely there must be a regulator
After going around in circles with Bennetts, Bikesure who I'm already with are a lot cheaper. Changing the subject slightly, We have a multi policy on the house and 2 cars. Car 1 is a 2019 Leon Cupra R ABT, car 2 is a 2011 Fiesta 1.6 Zetec S. The renewal premium for the Fiesta is £10 more than the Cupra. Needless to say the Fiesta will be insured elsewhere.
I have a multi-bike policy. Currently pay £500 per year, plus additional bits for leathers etc. I asked for a quote to change one of the bikes to a Diavel V4. (I know it's an expensive bike, but you can bid for one of my kidneys on Ebay.) Quoted £230 to swap it for another bike already on the policy up to the time of renewal - 1st July. Then the policy would increase to £1,500 for the year, plus additional cover for leathers etc. Three bikes, all kept in garage, all with trackers, never made a claim. The insurer was Ducati Insurance (Adrian Flux). So decided not to buy the bike. The kidney sale can pay for the insurance renewal, and possibly a coffee.
I’ve been doing quite a bit of hunting re multi bike insurance. Bikesure (also part of the Adrian Flux group) was the best overall deal. The AA have decided not to continue insuring motorbikes - they were always The Europa Group in the background, but they’ve decided to effectively close that book of business but will do renewals, but no new policies including multi-bike. Ive been pretty badly impacted by my (insured) friend hitting the bumper of a car. Because the insurance was in my name, the quote for my other bike went up by £460!!!! Needless to say that made me shop around and (after declaring the accident I may confirm) I got a quote cheaper than I paid this last year. Never makes any sense to me if honest. Just need to accept you need to spend a bit of time searching.
Insurance is becoming much more sophistcated and targetted / behaviour based. Most insurers use a combination of inputs to determine risk that is specific to the individual. This includes geo-demoggraphic, socio-economic, and social media data (so be careful of what gets posted...), address, vehicle, driving history, claim history, as well as probability to default, etc.. This data is often evaluated near-real-time so prices continually change. Also demand from PCWs has a bearing so it is always good to start looking early as often insurance cycles are aligned with things like reg dates , etc. Its depressing, but we are all paying for the uninsured, catastrophic events, and crims... which reminds me... mines up soon for two cars and three bikes! Sh&t!
I know what my wife would say about the increase in Multi bike policies…. …. “Just as well I only let you have one at a time then!”
Renewal in couple of weeks. Currently with Bennets who came up with £220 for the Goldwing and the Kettle based on 3000 miles per year each bike and covered for pillion and commuting with value of £10.5k on the kettle. Same cover with Devitt quoted £173 which seems quite competetive.
I wish! Rule is I can buy what I like but only one at a time (“you can’t ride more than one anyway…”)
