I am a 67yr old biker with maximum 9yrs No Claims Bonus, no driving convictions, no criminal record, no penalty points and have held a full car and motorcycle licence since 1970 .......... and all that means I am an insurance company's dream customer. That is why the annual insurance for my two classic bikes (1974 & 1981 Boxers) fully comprehensive with breakdown recovery & legal cover is less than £200. Why the hell is comprehensive cover for my brand new Socco TC three times that amount?????? Lexham Insurance have offered Third Party Only cover for £195.89p - but that is still MORE than the Fully Comprehensive cover for my two classis bikes - 600cc & 650cc - the Socco TC is only the equivalent to a 125cc.
Someone explain this ludicrous situation ........ PLEASE!!!
James (confused).
Hi James! Yes it is very strange, I think it might have something to do with the lack of crash/accident statistics on electric bikes? Either that or it’s £3000 price tag and expensive battery etc.
Who knows ?
My insurance with Lexham on TPFT was £500 - 🙁
I have a full car license (12 years), not a motorbike one -
I think because it is electric and theft, crash statics are limited this could be the reason.
Lexham said they would offer a reduction once a new scheme for having a helmet camera came into action. - Until then it is what it is. 🙁
A quick addition to my insurance saga ......... all the insurance companies I have had quotes from have tried to sell me breakdown and recovery for about £60 - which allows up to 4 call outs a year.
Green Flag quote £49.82 for Nationwide recovery to your destination of choice or home with UNLIMITED call outs.
Tell me I'm wrong - but I think that not only are insurance companies pretty dumb regarding electric motorcycle insurance, but they are also robbing cowboys who think we are too stupid to do a bit of online research!
AN HOUR OR TWO SEARCHING ONLINE WILL SAVE A FORTUNE - IT IS WORTH THE EFFORT ........... & PLEASE REMEMBER TO SHARE ANY INFORMATION YOU FIND.