I normally buy my bikes around now so the insurance follows, been with Bennets for years, generally comfortable with the renew automatically, I've questioned them a few times but normally renew with them. This year I've had the time to fish around, the figures are wild. Bennets just over £300.00, the lowest after a comparison site quote was £92.00 I could add breakdown and legal but with that it would be way under £200.00 I've been riding for 50 years, max no claims, clean licence, is someone taking the piss?
I normally end up with one of the usual suspects (Bennetts, Carole Nash, Devitt, Cornmarket, etc). Last year was Bennetts, but this time around it was (shock horror) Ducati Insurance, which underneath was Ageas. Bennetts was too high - like yours, not quite so extreme, but not close to competitive. In terms of value for money, it was just over 3% of the value of the bike. That's with 10 years no claims, 10k miles per annum and £500 excess. That felt pretty fair to me, when you know a 0mph tip-off might be £1000.
Insurers aren't allowed to take advantage of returning customers, so it shouldn't be connected to loyalty: https://www.abi.org.uk/products-and...es-to-the-pricing-of-home-and-motor-insurance '...when existing home and private motor insurance customers renew their insurance policy, the price charged by the insurance provider cannot be more expensive than the price that they charge to an equivalent new customer for the equivalent policy' There's something else going on there. Maybe a change of age range, extra risk in your area, risk for your particular make/model, etc. Or Bennetts just don't want your type of business.
