Motorcycle insurance at 18 Prices are too high?
Hello guys, I am a student currently living in London and I will be moving to bristol in September for uni. I currently ride a 50cc vespa and second driver which I am paying about £150/ month (absurd) but I will be doing my A1 soon and the A2 when I turn 19. I am looking to get a 125 beginner bike like a MT-125 for similar which go for a good price. However, when looking at the potential quotes I can get for such motorcycles I am getting quotes of £4k+ yearly on comprehensive and the lowest being for third party theft and fire at £3051 yearly which is £329 monthly with a £458 deposit. For a full time student without a job this seems like way too high when considering that people on 600cc+ bikes are paying around 50-80 monthly. I changed the location to Bristol and the price barely changes, This is with a £500 excess, stored in a garage and a year of NCD. Are these prices normal and what can I do to make them lower?
Most likely to do with age + location. Unfortunately you can't do much apart from wait and get a bit older. I know there was a significant drop for me, albeit with car insurance, when i turned 21. Maybe reconsider your method of transport? You mentioned being a student and also not having a job - if you can't afford the insurance how will you afford other things? Fuel, protective m/c gear, maintenance, etc. Not to mention your genuine living expenses as a student - rent, food & books are quite expensive.
Maybe hold off and firm using public transport until you have a somewhat reliable source of income? Unfortunately the odds are against you as a young person, even worse if you are a male. These ridiculously high costs usually mean they're trying to discourage you from buying the policy / insurers think you're very likely to crash.
Maybe hold off and firm using public transport until you have a somewhat reliable source of income? Unfortunately the odds are against you as a young person, even worse if you are a male. These ridiculously high costs usually mean they're trying to discourage you from buying the policy / insurers think you're very likely to crash.
Hey, yeah you bring up great points. Luckily I already ride a smaller bike and have the gear, currently living with parents but when I go to Bristol for uni I will be living with my uncle and auntie and will definitely get a job to pay for any expenses including if I get a bike.
Oh right i see. So eliminating rent (and maybe food?) you'll still want some cash for books / course costs as well as your recreational activities (you might end up drinking a lot in your first year - drinks are expensive!). Just something to bear in mind.
As for your initial Q, have you tried putting more adults on your policy? I'm not sure how it works with m/c insurance but with my car insurance I put my dad down as an additional driver, it lowered the price by several hundred quid.
Also, I wouldn't say your quote is out of the realm of possibility, it is high, sure, but i can believe that. When i upgraded my motor to a 1.6L at 22 (2 years NCB) i was getting quotes of around £2.5k for comprehensive cover. Again, the biggest drop will be as you get older - but in the meantime play around with comparison sites and your details i.e. change from garaged to drive or to on street, add additional drivers, etc. You'd be surprised - sometimes its cheaper to list your vehicle as on street parked as opposed to garaged.
As for your initial Q, have you tried putting more adults on your policy? I'm not sure how it works with m/c insurance but with my car insurance I put my dad down as an additional driver, it lowered the price by several hundred quid.
Also, I wouldn't say your quote is out of the realm of possibility, it is high, sure, but i can believe that. When i upgraded my motor to a 1.6L at 22 (2 years NCB) i was getting quotes of around £2.5k for comprehensive cover. Again, the biggest drop will be as you get older - but in the meantime play around with comparison sites and your details i.e. change from garaged to drive or to on street, add additional drivers, etc. You'd be surprised - sometimes its cheaper to list your vehicle as on street parked as opposed to garaged.
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