I was getting quotes of around £700 to £1200 for TPO cover on the GSXR400. When I changed the cover to TPF&T the price went down to £570 to £1000 depending on who the quote was off... Is the difference in price because they think I will be more responsible if I have TPF&T insurance, or because there is now an excess? Also, do I only pay the excess if there is a fire or theft claim, or do I have to pay towards a third party claim? TIA --
No idea why TPF and T should be cheaper, put it down to the fact that insco's do weird stuff. I would have thought your excess would only apply to F and T claims, I have never come across an excess contribution to third party repairs. BTW, have you tried Rampdale Insurance for a quote, they were the cheapest by a mile on my lad's NSR125.
The difference in price is because if you bin your bike and no one else is involved it doesn't cost them a penny. If you have a crash and it's someone elses fault, it doesn't cost them a penny (unless you have legal cover but that's another matter). The fact that you may have an accident as a result of your own actions is quite a big factor in underwriting, hence age, experience, points etc. To insure against this, as in a comprehensive policy, is generally always going to cost more. An excess is normally only paid towards the cost of repairs to or replacement of your own bike. A TP is quite likely to claim their excess back off of you or your insurance company if you were at fault in a claim. hth
Probably. TPO on my GSXR is more than fully comp[1]. You only pay the excess if _you_ make a claim against the policy.
Bad luck - hope you don't need to make a claim. Their indian call centre is top notch - only bettered by the call centre in Swansea. This is sarcasm, they are complete rubbish. And, months, several letters and a few phone calls on I am still waiting for them to give me back my NCB. No reason given. Never - ever - again.
Um, Red star have quoted me £89 TPF&T for my ZXR400. Are you a young person living in a war zone with no no-claims?
19 years old, only 1 years no claims, as was knocked off my TZR just over a year ago (not my fault but still going through on the cash side of things) so I can't yet carry over my 2 years no claims from the other policy. --
