security & insurance - scam or value?

I was always under the impression that having more/better security
reduced your premium since it also reduces the risk of theft - and
premiums are ultimately (or supposedly) a measure of the relative risk
involved in providing insurance in the first place.

But now I stand corrected, it would seem.

At the time of getting a quote (which I later accepted) I was unaware
that my new ride was additionally 'protected' via a keyed immobiliser
system as well as data-dots. When I passed this info on to my insurer,
they happily informed me that my premium was unchanged.

So from an insurance perspective, why should the manufacturer bother
going to the expense and effort of installing additional security
measures? The insurer clearly sees no difference whatsoever in having or
not having it, and it would certainly make the bike cheaper in its
absence (even if not by all that much).

I'll just finish this off by pointing out that I'm well aware of the
obvious points that certain idiots may raise in the mistaken belief that
I'd overlooked them. The point of this query is strictly from the
perspective of the level to which premiums are related to risk, and the
oddness of a situation in which it is clearly possible to reduce risk
whilst still paying the same premium either way.

In the end I don't really care, as the premium is still $200 less than
the next best offer. It just struck me as a bit odd, that's all.

 

Is the immobiliser a standard feature or an option? I wasn't aware that
there were any bikes which had that option. I thought the manufacturers
just rolled them out ot the entire model ranges.
If the immobiliser is a standard feature on your bike, then you won't
get any additional discount on your premium because the immobiliser
would have already been taken into account when the insurer calculated
the risk.

Nev..
'07 XB12X

 

Insurance companies wont insure my bike because it is not garaged. It is
chained to a steel fence out the back of a block of units . Actually it
could be argued that its harder to steal there as many eyes are on it but if
in a Garage they would have plenty of time to work on it once they are in
the garage away from eyes .

If I was an insurance company I would insure the bike because of its owner
who is a total dipshit and wanker when riding ( and most would argue even
when not riding ) and not because of the gorge situation

 

Jeezus....you'd justify just about anything wouldn't you?

justAL