Recently got my full license and very excited about purchasing my first bike… However dreams are crumbling due to the outrageous insurance quotes I am getting. I have run through your standard comparison sites with a variety of bikes from 450cc to 1100cc and at different values from £2k up to £12k and the lowest fully comp prices always come back at about 40% of the bikes value, some much higher if any quotes at all.
I am 31, got my license in September so zero no claims, no points or penalties, live in SW6 and the bike would be kept on the street. I understand keeping it in a locked garage would help but not enough to cover the cost to rent a garage (about £80 per week!). I would also put on a disc lock and big chain around a lamppost with a cover over the bike but it is tricky to know which chain/lock insurance companies approve or if it will even lower the quote.
Seriously questioning how anyone can insure a bike in London. So any thoughts and advice on this would be really appreciated.