insurence question....

[owens231]

right...
costs me £2000 per year to insure the busa...

I might not want to ride around on it for a year, as i could save money, and do track days again and still get to ride the bikes i love...

So i was thinking of paying the insurence monthly....

Its £2000 per year that would be £166 per month... BUT

does it work out £2000 devided by 12 thats £166 but because im paying monthly it goes up?? or am i wrong, and is there a persentage that it goes up by if any1 knows??

Just dont want to pay £2000 to insure a bike that only cost just over £4000

 

[F=MA]

These questions are best answered by your insurance agent.

 

[owens231]

yep, been getting quotes from comparason websites and others that arnt listed. but seems to pay a extra £1000 just because i want to pay monthly... dont understand how and why its such a big leap! i could buy another nice bike every year for that!!

 

[ajblbv]

Monthly usually indicates to the insurance company that you are less financially stable, hence being a bigger risk. They prefer and would find it easier that you pay your premium off up front. At least that is how they work on this side of the pond. Call whoever your insurance is through, and ask them the same questions you are asking here. This post is not something anyone here can give you concrete info on.