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Anonymous

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Steve Farrell  says:

Bikers charged hundreds of pounds a year extra for life insurance

A major life insurer has started charging customers hundreds of pounds a year extra for riding a motorcycle. Ageas Insurance asks policy applicants whether they have ridden a motorcycle during the last 12 months and if so what capacity it was. Anyone aged 50 or under who says they have ridden a bike over 499cc is charged extra, typically around £18...

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  • Posted 3 years ago (09 December 2011 17:48)

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firebirdharris

Joined:

Aug 09

Posts: 301

Well done Sherlock.

This is honestly classed as news? Next it'll be "B&Q specialise in hardware and building materials" Or maybe "Honda make wheeled vehicles". Ah, funny site....

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mccougar

Joined:

Dec 11

Posts: 1

mccougar says:

Two points.

Firstly, what about weighting premiums for pedestrians? Pedestrians also suffer high mortality rates on the roads. What are the figures? Are pedestrians more at risk than cyclists and bikers? .....The main point here is that all people are pedestrians at various times and that should be taken into the overall calculation

The second point is more profound. Not all motorists, who die on the roads, kill themselves. In other words, why weight the potential victims? Surely it would be more justified to weight the premiums of those people, who, as motorists, have actually killed people. In more general terms, why not weight those drivers, who have the potential to kill customers of this life insurance policy?

All told, these surcharges are not thought out fairly. They are just money making schemes that play on the fears of the general public.

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tractorboybig

Joined:

Nov 10

Posts: 23

Simple.

A) Dont take the product.

B) If with them change the product and let them know why.

 

MCN....... Make enqs- arrangements with ins co that wont do this and let us all know, otherwise it could be the thin end of the wedge.

PS. I am over 50 so they dont care about me???

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Fixer

Joined:

Aug 02

Posts: 15

Fixer says:

Ageas money grabbers

So from what I can gather it's not that Ageas has lost a lot of customers because they've been killing themselves it's just because the DfT say they might! Vote with your feet, don't buy their product. They're insurance companies, you know they'll crawl out of a payout anyway so why bother.

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tc330

Joined:

Mar 11

Posts: 167

tc330 says:

So simple really..........

Insurance companies don't like risk and so will charge extra for anything that looks like denting their profits - obvious really.

Therefore, DON'T F#CKING TELL THEM!!!!

If you die on your bike, your dependents get nothing, otherwise who f#ckin knows better.

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zoobaz

Joined:

Oct 10

Posts: 185

zoobaz says:

£18 per month?

£18 per month? that's outrageous!

So over the lifespan of a typical 25 year mortgage that's an extra £5,400...

target bikers - they're easy targets! what about people who smoke over 20 cigarettes a day or consume over 20 units of alcohol per week?

well  I'm not insured with them and after reading this article I never will be.

Baz

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philehidiot

Joined:

Feb 09

Posts: 4741

philehidiot says:

Makes sense

We are a higher risk category and, just like health insurance, you pay more if you're more likely to need a pay out... What's frustrating is that they're just going on engine size when they should just take the motor insurance category which provides a much more accurate assessment of the risk of each bike and the mileage you cover. My 600cc makes half the power of a CBR600RR. I know which is more likely to kill me. There are a lot of laws against discrimination these days but insurance companies have always discriminated based on risk - it's their business. It's like journalists being higher risk for car accidents. It's an identified trend.

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johnlad1

Joined:

Mar 11

Posts: 464

johnlad1 says:

not suprising

but slightly suprised rider experience doesnt  come into play surely it would be a beter way to judge who should pay more 50 year old who just baught a bike and started riding for the first time because of a late midlife chrisis or a 25 year old whose been riding since they were 16 and never made an insurance claim becuase of an aciedent would be fairer in my opinion you cant just say every rider who has a big bike is in real danger of dieing thats just silly

 

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blue200tdi

Joined:

Dec 10

Posts: 239

blue200tdi says:

Errrr! They DO charge smokers more than non smokers, and if you parachute, scuba dive or do some other dangerous activity  they charge you extra too, so why should us motorcyclists be any different?

I hate insurance companies with a passion, legal extortion, unreasonable terms and conditions that you HAVE to sign up to because car/bike/mortgage insurance is compulsory, and when you do make a claim they try to wriggle out of paying quoting anything they like!

And exactly what is an act of god FFS?

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philehidiot

Joined:

Feb 09

Posts: 4741

philehidiot says:

Act of God

Is the same as an act of Postman Pat or any other fictional character.

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