Friday, December 19, 2008

Bike Insurance - Bike insurance customers to decline


The number of people in the UK in search for motorbike insurance could fall according to statistics.

Regardless of the current economic crisis pushing more motorists to exchange their cars for a motorcycle, figures from the Motor Cycle Industry Association (MCI) have revealed that the number of bike registrations in November this year have reduced by 16 per cent in comparison to figures from November 2007.
Only 7,517 two wheeler motors were sold in November 2008 compared to 8,947 in November 2007.

However, chief executive, Steve Kenward of MCI said: "The motorcycle industry is still holding up very well and I am encouraged by the upbeat mood of the International Motorcycle Show at the NEC last week."

Meanwhile, as Christmas approaches, parents planning to buy their children a motorbike, scooter, moped or a quad bike are being warned of the consequences of a two wheeler motor.

The warning was issued by Darlington police following an accident involving an uninsured motorcyclist without a licence.

Those riding illegally could not only face serious charges and bans if caught, but can also face excessive payments in the case of an accident.
Parents are being urged to ensure their children have adequate bike insurance before going for a ride.

Source:http://www.onlyfinance.com

Friday, December 5, 2008

Bike Insurance - Man fined for riding toy bike


man who was spotted ridding a small scrambler bike with his child has been handed a fine of EUR500 (£425) by a District Court.

Reports quoted the man, Kevin Kelly saying he had no idea he needed a licence or bike insurance to ride the motorbike.

The bike, he reportedly said, has a 20 cc engine and was so small that it could fit into the boot of the squad car.

But the 25-year-old dad admitted driving without driving licence or insurance cover.

Sergeant Michael Leahy told Tallaght District Court that he stopped Kelly on April 29 last year shortly after 3 pm, but was unable to produce his driving licence or insurance and refused to nominate a station to produce documentation within 10 days.

He was also said to have had no helmet on and the vehicle had no registration number on it.

Defence solicitor Grainne Malone argued Kelly was only driving a scrambler bike bought from a toy shop and didn’t think it would count as a normal motor vehicle because of its small engine.

However, Kelly who had 18 previous convictions was fined by EUR500 by Judge David McHugh and disqualified from driving for five years.

Source:http://www.onlyfinance.com/Bike-Insurance-News

Friday, November 28, 2008

Five men charged in motorcycle theft ring


TRENTON -- The state Attorney General's Office has charged five Burlington County men with involvement in a motorcycle theft ring.

The men allegedly stole motorcycles, retagged them with new vehicle identification numbers, then sold them, according to a press release from the attorney general's office.
TRENTON -- The state Attorney General's Office has charged five Burlington County men with involvement in a motorcycle theft ring.

The men allegedly stole motorcycles, retagged them with new vehicle identification numbers, then sold them, according to a press release from the attorney general's office.
Wilson Lopez, 25, of Burlington Township; Tyrone Sapp, 31, of Willingboro; and Angel Carrion, 28, of Mount Holly were charged in one indictment with eight counts of theft by unlawful taking, five counts of receiving stolen property and conspiracy, the statement said. Lopez was also charged with fencing, or receiving and selling stolen goods.

The three men allegedly conspired to steal six motorcycles and two vans between December 2003 and June 2004, according to the press release.

In two other indictments, Neil C. Moyer, 33, of Brown Mills was charged with receiving stolen property and fencing, while Ian Boyington, 30, of Riverside was charged with receiving stolen property, alteration of a vehicle identification number and another motor vehicle-related offense.

The charges for the five men are all third-degree crimes, the statement said.

In some cases, the men would receive the motorcycle from its owner, file a false insurance claim saying the motorcycle had been stolen so that the owner could receive an insurance payment, then change the motorcycle's VIN and sell it.

An insurance fraud investigation led the New Jersey State Police and the Attorney General's Office to evidence of the theft ring, officials said.

"Frequently, insurance fraud investigations lead to evidence of stolen vehicles," said Greta Gooden Brown, the office's insurance fraud prosecutor.

According to the Attorney General's Office, the five men have been ordered to appear at a later date at Superior Court in Burlington County.


Source:http://www.nj.com/news/times/regional/index.ssf?

Saturday, November 22, 2008

Geico Sponsors Scooter Pavilion At Cycle World Motorcycle Shows


Santa Ana, Calif. (November 21, 2008) – Advanstar Communications, a leading worldwide media company, announced today that they have joined forces with GEICO Powersports as the presenting sponsor of the all new Scooter Pavilion. The pavilion is set to be featured at every stop on the 13-city Cycle World International Motorcycle Shows presented by Toyota national tour.

The all new Scooter Pavilion presented by GEICO Powersports is an area designated to showcase the current scooter craze. From the Piaggio MP3 three-wheeler to the all-electric Vectrix scooter, the new Scooter Pavilion is the place to see and learn about all the latest high mileage transportation options now available. Showgoers can check out scooter accessories and compare more than 20 models from Aprilia, CF Moto, Genuine, Honda, KYMCO, Piaggio, Suzuki, Vectrix, Vespa, Yamaha and more. Visitors to the pavilion can also enter for a chance to win two new Honda Metropolitan scooters and matching helmets courtesy of GEICO Powersports.

“We couldn’t produce such a successful show series without the help of our sponsors and we are thrilled that GEICO, the country’s third-largest private passenger auto insurer, will join as presenting sponsor for our new scooter pavilion,” said Group Show Director Jeff D’Entremont. “With gas prices fluctuating, scooter sales are booming and more and more people are looking for alternative modes of transportation such as scooters, so we are expecting a great turnout at the new Scooter Pavilion presented by GEICO at all the shows across the country.”

“GEICO is proud to be a part of this event that will benefit those who appreciate the powersports lifestyle,” said Vince Giampietro, manager of GEICO Powersports and event marketing. “The Scooter Pavilion is a great place to learn about the newest equipment and our goal is to keep scooter-riders safe on the road and properly insured.”

For hard-core motorcyclists or casual riders, GEICO motorcycle insurance is designed with money-saving discounts, payment plans and GEICO's reliability to meet the needs of motorcycle owners. Specializing in a range of coverage policies, GEICO covers most types of motorcycles, including cruisers, street, sport, touring, high-performance bikes and scooters.

For the 16th consecutive year, Cycle World, the world’s most popular motorcycle magazine, is the title sponsor for the series and leading manufacturer Toyota will return for the 11th year as presenting sponsor. The Cycle World International Motorcycle Shows® presented by Toyota is the world’s largest motorcycle show series. For more information, call 800/331-5706 or visit motorcycleshows.com.

Source: http://roadracingworld.com/news/article/?article=35051

Sunday, November 16, 2008

Competition in UK Private Motor Insurance 2007 - New Research Report on Companies and Markets


The brief analyzes the competitive developments in the UK private motor insurance market, discussing market concentration and competitor performance and providing analysis of the top insurers´ market share, GWP and underwriting performance over the last five years.

Scope

Analysis of the top private motor insurers´ growth or decline in market share and the trends driving these changes Performance data of the top
insurers in the UK motor insurance market.

Highlights

The market dominance of the largest players is expected to confer a greater control over the setting of premium rates and a greater ability to steer the market. This has been evident in the fact that the current underwriting cycle has turned before the market reached the level of losses seen in previous cycles.

Reasons to Purchase

Benchmark your company against your competitors based on current and past performance in the market Gain knowledge of competitive developments among private motor insurance providers.

Source:http://www.live-pr.com/en/competition-in-uk-private-motor-insurance-

Monday, November 10, 2008

Young man awarded €5m for motorbike injuries


A YOUNG man who suffered catastrophic head injuries when the motorbike on which he was travelling as a passenger hit a roadside earth bank has secured €5 million damages in one of the biggest High Court settlements of its type.

Approving the settlement yesterday, Mr Justice John Quirke said he had "real concerns" about how meeting the costs of future care for crash victims was dealt with here and he suggested the UK system was "infinitely better".

Given the large difference of opinion between experts about the costs of providing care for crash victims for the rest of their lives, there was a need to examine the "much better" type of compensation system in the UK which allows for periodic payments in such cases, rather than one large settlement, he said.

He made the comments in the case of David McCullagh jnr (30) who, through his father David snr, had sued the driver and owner of the motorbike, Anthony Leahy, Ballineadig, Farran, Cork.

Mr McCullagh, a painter and decorator from Ardcross, Crosshaven, Cork, claimed he suffered severe injuries and is now in a wheelchair as a result of Mr Leahy's negligence in controlling the bike when it hit an earth bank at or near Lee Valley Golf and Country Club, in Ovens, Co Cork, on June 25th, 2006.

Yesterday afternoon Mr Justice Quirke was told the case had been settled without a hearing.

The €4.98 million settlement provides for the cost of daily care to Mr McCullagh for another 33 years, a figure reached on the basis of medical opinion his life expectancy had been cut by 29 per cent.

Henry Hickey SC, for Mr McCullagh, said his side's expert had assessed the costs of care on the basis of the reduced life expectancy while another actuarial report had come up with a figure of €3 million for future care.

Mr Justice Quirke said he had "real concerns" about how the costs of future care for people in such situations is dealt with here.

The system here is supposed to cover all future costs but there was no way of doing that properly and it was the equivalent of "looking into a crystal ball", the judge said.

The judge approved the immediate payment out of €865,000 from the €4.9 million to include €250,000 towards the cost of adapting the family home for David and sums of €60,000 for his parents and €40,000 for his brother and sister for the care they had provided in the last two years for him. The remainder of the money will be paid into court pending wardship proceedings.

David's brother and sister had provided daily assistance bringing him to physiotherapy five days a week while he was in hospital in Dublin and Cork. The insurance company, which insured the motorbike owner, has already provided financial assistance towards home improvement, a car and daily physiotherapy, Mr McCullagh's counsel said.

Mr McCullagh has spent most of his time since the crash in Cork University Hospital and the National Rehabilitation Hospital in DĂșn Laoghaire and is staying in St Finbarr's Hospital in Cork pending the completion of works to his family home, his counsel said. Apart from his physical injuries which have confined him to a wheelchair, he is also affected intellectually, counsel said. He can carry on conversations but has speech difficulties.

Source:http://www.irishtimes.com/newspaper

Monday, November 3, 2008

Insurers suffer from historic floods


Bridge – Bao Viet Insurance has had someone on duty until 1-2 am in the morning since the historic heavy rains began on October 31. Though having not calculated the damages, the group believes that it would suffer severe losses.

By the afternoon of November 3, or three days after Hanoi began sustaining the historic floods in the last three decades, over 50 car owners reported damages to Bao Viet.

The insurance group had estimated that the total number of sustained vehicles may reach 100, and that the group may have to spend several billions of VND to compensate the damages.
An official from Bao Viet said that the number of damaged cars may be bigger if counting the vehicles that were damaged in the expanded Hanoi. Bao Viet’s vehicle insurance has never before incurred such a heavy loss.

In the insurance policies with Bao Viet, there is a provision on compensation when cars are submerged under water. The clients, who accept the provision, have to pay additional premiums of 5%, but will be insured 100% for risks. If clients do not buy the insurance clause, they will not get the compensation if they try to kick start when the vehicles are flooded.

Among the 18 cars submerged on the underground floor at the C6 My Dinh residential quarter, some of them were Bao Viet’s clients. As this is a natural calamity, it is highly possible that the vehicles’ owners will be insured no matter what if they bought the insurance clause on compensation when cars are submerged under water.

The Head of the Vehicle Insurance Division, Dinh Quang Tan, said that since Hanoi became flooded because of the heavy rains, Bao Viet’s staff had to come to sites to assist clients to repair broken down vehicles. Tan said that the staff had to work overnight on October 31, when there were too many broken down vehicles. Only after assisting clients to rescue vehicles, the company will begin assessing the damage levels in order to define the compensation.

Bao Viet now has some 3 million clients who are the owners of motorbikes and 500,000 cars nationwide. In Hanoi, Bao Viet now holds 40% of the market share, followed by Bao Minh, PJICO, and PVI.

PJICO has also estimated that the number of damaged cars in the heavy floods may reach 100. Among the 18 vehicles submerged in the C6 My Dinh case, four were the clients of PJICO.
Insurers said that the number of broken down motorbikes in the floods was relatively large. However, as the motorbike owners only purchased the compulsory third-party insurance, and did not purchase insurance policies for body work, they will not receive compensation.

Source:http://english.vietnamnet.vn/biz/2008/11/811801/

Wednesday, October 22, 2008

Bike Insurance - ABI launches new principles for insurance policy


The Association of British Insurers, (ABI) have launched new principles which will enable policy holders adequate protection and enhanced risk based supervision, it has been revealed.

Motorbike insurance customers would like to know that ABI are more determined to provide enhanced protection for motorbike insurance holders as the insurance industry remains stable despite the instability of the current economic climate.

ABI had reported the key principles following the International Association of Insurance Supervisors’ annual meeting, last week.

General Director, Stephen Haddrill of ABI insisted that the scheme will consider several key principles to deal with current economic situation as fears that the financial crisis affecting the motorbike insurance industry grows.

The director said “These are difficult market conditions, but the insurance industry stands ready to work with the supervisory authorities around these principles as we believe that the maintenance and strengthening of them is the best basis for protecting policyholders on an ongoing basis.”

Haddrill also confirmed that the insurance industry is in a strong position regardless of the current financial downturn of the UK economy, after the Motor Cycle Industry Association (MCI) announced that bike sales had also been trying to beat the crisis.

Meanwhile, motorists are being urged to keep a look out for pedestrians as more people walk along Britain’s roads wearing earphones. A recent report by car insurance retailer, Swinton Insurance revealed that it has seen a significant increase in the number of accidents on insurance forms regarding ‘podestrians’ walking into the road wearing earphones.

Insurer Development Manager, Steve Chelton of Swinton Insurance said: “When an absence of vehicle noise is combined with the visual distraction of texting you end up with a podestrian that’s even more ignorant to oncoming traffic. This greatly increases the likelihood of them causing an accident.”

Source:http://www.onlyfinance.com/Bike-Insurance-News

Wednesday, October 8, 2008

Bike Insurance - British cycling has new partner -

British cycling has found a new partner in insurance, which means for those who are members of the organisation, exclusive bike insurance. The new form of cover is called BC Bike insurance, if you are wondering where you can locate this cover to purchase it you will find the cover at www.bcbikeinsurance.co.uk , additionally you will also be able to find out much more information about the product. You will also be happy to know that it is £10 cheaper if the policy is acquired online.

Claire Rollinson: membership services manager said “We have negotiated what we believe is a great deal for members, with flexible cover options. This means that you can tailor your cover to your exact needs and therefore don’t pay for unnecessary extras.”

Areas that are covered include protection against theft, loss as well as accidental damage to the figure of £5,000. There is also a Multibike discount of about 15%. Also includes bicycle hire until your bike is either repaired or replaced.


Source: http://www.onlyfinance.com/Bike-Insurance-News

Monday, August 18, 2008

Bike Insurance - Bike prices set to increase in 2009

Motorbike prices, are expected to increase in 2009, according to manufacturers. With the cost of materials such as aluminium and steel, along with shipping fees all on the increase, the price of a bike will be set to rise drastically. The increased prices is also expected to remain at a higher level in 2010, according to a spokesperson from the Retail Motor Industry Federation. This is due to the fact that, the materials, used for the production of motorbikes, will be those that have increased in price.

Moreover, the weakening pound against the euro and the present credit crunch, have also played a part towards the increase in the price of motorbikes.
A spokesman from Ducati, the Italian motorbike manufacturer, said: "The main selling season has been and gone and obviously the credit crunch is going to now have an impact. Just look at the retail shops announcing drops in sales." Motorists, who are considering whether to buy a bike, have been advised to do so sooner, rather than later, before the price increase sets in. Also they should ensure that they have adequate motorcycle insurance to cover their bikes.

news source : http://www.onlyfinance.com/

Tuesday, August 5, 2008

Bike Insurance - More calls for secure parking

Motorcycle insurance specialist, Carole Nash, has called on employers to provide secure parking for mopeds and motorcycles. The insurer was echoing sentiments by the Motorcycle Industries Association who urged British employers to avail secure parking for mopeds and motorcycles. Earlier in the year, the insurance company called for local authorities to provide more public secure bike parks. Carol Nash supported the call by MCIA saying as a project, it would be environmentally friendly and economically viable.

Carole Nash’s managing director, David Newman said: “The MCIA reports moped sales are soaring and biking is generally becoming more popular, no doubt as a result of fast escalating fuel costs, ever increasing congestion and lacklustre public transport provision.”
He added: “Despite this little is being done by employers and local authorities to satisfy the increased demand for secure parking. Given the huge cost to the economy of congestion and the growing personal cost of car use this seems ridiculous.” According to Mr. Newman, bikes needed specific security measures because of their portability and the high spares value of top end models.

He further added that the company’s annual motorcycle theft survey, which looks at all bike insurance claims received from among the company’s 230,000 motorbike insurance policyholders, constantly demonstrated that the bikers most at risk were in urbanised areas.


news source : http://www.onlyfinance.com/

Friday, July 25, 2008

Bike Insurance - Bikers in Peterborough without insurance coverage

According to research uncovered by the website motorcycles direct, Bike riders in the area of Peterborough are riding on the road in that particular region without having adequate bike insurance. The figures that were extracted by the Motor Insurers Bureau, illustrates that for every 20 riders in the area, one does not possess a rider insurance policy.

All in all it is believed that this rounds off to the equivalent of 5% of the 123,134 bikes on the road, not having any cover whatsoever. As if that was not worrying enough, about 1,125 accidents on highways in Cambridgeshire, were involving riders who did not have any bike coverage.


This will potentially affect those riders searching for insurance coverage in the near future, as insurers will automatically identify them as high risk and increase premiums as a result. A police spokesperson had this to say on the subject matter “We will continue our robust enforcement of the law, seizing any vehicles we find being driven illegally.”


news source : http://www.onlyfinance.com/

Wednesday, July 16, 2008

Bike Insurance - Mini bike riders urged to drive carefully

Police are increasingly cracking down on nuisance bike riders and have called on both riders and parents to help in preventing the escalation of reckless and illegal biking. Many riders of mini bikes were recently caught at the wrong side of the law and had their bikes confiscated and even crushed.

They are being reminded to ensure they drive safely and within the bounds of the law.
In Warwickshire, for example, police are getting more concerned about the dangers posed by irresponsible bikers to both themselves and the general public. They have, against this backdrop, confiscated at least 135 motorcycles that were either driven illegally or abandoned.

Commenting on the situation, police sergeant Charles Harrison said some parents were aware that their children were inappropriately riding bikes on the roads and public places.
“They are happy for the bikes to be kept at home and ridden by their children without crash helmets, protective equipments or the appropriate documentation,” he added. But he advised parents to ponder the risks involved in riding bikes illegally, warning that they could face the wrath of law for riding without bike insurance, a licence and crash helmets in public places.

news source : http://www.onlyfinance.com/

Thursday, July 10, 2008

On The Right Track To Cheaper Quad Bike Insurance

Quad biking is growing in popularity. It combines the exhilarating, high-adrenalin rush of extreme sports with a fantastic way to experience the countryside both on- and off-road. Prices of quad bikes and coming down putting them within reach of more and more people, butinsurance on these machines does tend to be expensive and riders can end up paying over the top unless they consult a specialist insurance broker.

Bikesure, is an established expert in the field of motorbike insurance and has launched a dedicated section – Quadsure to look after quad insurance. Bikesure has access to a wide variety of quad bike insurance schemes that can be tailored to suit each individual quad biker and each individual quad bike.


Quadsure covers leisure quads, sports quads, utility quads, ATV and buggy models. As a specialist broker Quadsure can offer cheap quadinsurance whether the quad is used for off-road adventuring, farm working or trail riding. Even bikers with zero no-claims bonus, motoring convictions or criminal convictions can be offered competitive quotes.


All policies offer £50,000 of legal cover free of charge, but there are also low-cost options of personal injury cover, comprehensive breakdown cover with home-start and protective clothing and helmetinsurance. Quads that are used solely for off-road riding can be covered against fire and theft.
As with other Bikesure insurance policies, Quadsure can offer extra discounts for security precautions and riding experience. Female quad bikers also qualify for extra discount.

Quadsure has an online quote and buy system that displays several available quotes for customers to choose from, however, most people will get the best deal if they ring Quadsure and speak to one of their highly trained underwriters. As specialists within the quad bikeinsurance industry they can apply a whole range of extra discounts that may not show up on the computer system.


Bikesure is 100% British owned and based. It has a huge range of specialist policies for the motorcycle enthusiast, including cheap bike insurance schemes for performance and custom bikes, scooters, trikes, quads and bug riders. For details freephone the Bikesure quote line on 0800 089 2000, email the company at bikesure @ adrianflux.co.uk or visit www.bikesure.co.uk


news source : http://news.yahoo.com/

Wednesday, July 9, 2008

Bike Insurance - More women turning to motorbikes and bike insurance

Bike insurance is becoming more popular with women as a growing number of women are buying a motorbike in order to reduce spending as living costs continue to soar and in light of restrictive lending.

According to the Post Office, one in seven women would consider swapping their car for a motorbike in order to cut costs, and experts from the University of Huddersfield’s Motorcycle Consumer Research Unit claim that the overall figure is almost 20 per cent, and that the percentage is set to increase.


In response to this, and ahead of peak motorbike riding season, the Post Office has launched a new motorbike insurance policy, with discounts of up to 36 per cent for female motorcyclists.


These discounts reflect the fact that women are involved in far fewer motorbike accidents than men, and University of Huddersfield research shows that women are more interested in pursuing advanced rider training than their male counterparts.


news source : http://www.onlyfinance.com/

Tuesday, July 8, 2008

Open International sees continued growth of eAggregator

Open International, the provider of Open GI, the Countrywide broking network and Internet based trading provider, has reported that demand for its eAggregator solution continues to increase. The solution was launched in December of last year and the firm says it has secured 15 broker contracts in less than six months.

eAggregator helps brokers to achieve product listings with major aggregators, including Gocompare.com and Moneysupermarket.com.
A recent aggregator to link to Open GI’s motorcycle solution is Bike Insurer Services Ltd. The company, which is recognised as having launched the world’s first bike insurance comparison website, currently powers the Tesco Motorbike Insurance
Finder website.


Open International says it now has contracts with a number of other leading bike, motor and commercial vehicle aggregators and is continuing to receive interest from price comparison sites.
Open GI sales and marketing director, Simon Hughes, is confident that the solution will take a leading position in the market because it allows brokers to seamlessly connect their Open GI quotation engine to aggregator sites.

According to Mr Hughes, this can bring significant business advantages without the need for high levels of investment in online marketing.


news source : http://www.insurancedaily.co.uk/

Tuesday, July 1, 2008

Beat That Quote enters motorbike market

Price comparison site BeatThatQuote.com is adding motorbike insurance to its product line-up. The new service is initially being launched with partner eGroup, part of Beat That Quote's existing motor insurance panel since last August.

Russell Bellamy, head of insurance at Beat That Quote, said: “We are achieving the volumes of quotes we wanted on general motor insurance from our 2.5 million visitors a month so it’s time to extend that success into motorbikes using the same tried and tested user interface.”


eGroup offers insurance solutions for cars, vans and bikes, which are underwritten by Southern Rock. The launch of Beat That Quote’s motorbike insurance service follows the introduction of its new travel service earlier this month powered by Expedia, the UK’s largest online travel agent.


news source : http://www.postmagazine.co.uk/

Thursday, June 26, 2008

Bike Insurance - Driver who killed friend while riding without bike insurance jailed - 23/06/2008

A driver who killed his friend while he drove his motorbike without any bike insurance and with a driving ban against his name has lost his appeal this week. Mihai Avramescu, (29), carried his friend Ryan England, (26) on the bike behind him at high speeds without a helmet.

The motorbike broke the speed limit and crashed into a lamp post in West Huntsbury when Avramescu attempted to overtake a car. The biker had two previous convictions for drunk-driving and admitted to drinking alcohol shortly before the crash but claimed that he was still under the legal limit when the accident took place.


Initially Avramescu ran away from the crash scene, but the next day he went to the police to give a statement and explain what had happened. Avramescu pleaded guilty to causing death by driving dangerously, failing to stop after an accident, driving without adequate insurance and driving while banned. He has been issued with a six year jail sentence.


news source : http://www.onlyfinance.com/

Wednesday, June 11, 2008

Bike Insurance - A new model by Yamaha just in time to battle the credit crunch

Yamaha has found the right solution to budge the increase in fuel prices, congestion charges and vehicle taxes. The 2008 motorcycle model was launched by Yamaha which is said to be cheaper to run, tax and insure, offering great value for the city- hence the name Yamaha Vity.

According to the UK’s biggest specialist bike insurance providers, motorcycledirect.co.uk. Yamaha is at the bottom of the scale for insurance and tax and with the current rise in fuel prices, the new model makes the bike a cheaper option.
Their latest model is being promoted as “the alternative mode of transport,” as it provides a cheaper option for motorcyclists.

The new Vity models 125cc four-stroke engine is reliable and comes with a two year warranty. With an electric start and auto transmission means they are also easy to run.
As motor-biking is growing more popular in the UK, the importance of driver safety has raised many concerns according to motorcycledirect.co.uk.

There are 1.2 million motorcyclists in the country and it is possible that motorcyclists are more than 35 times likely to be killed or seriously injured than car owners, according to spokesman Graham Littlechild of the Highways Agency.The models 10 inch wheels and weather protection therefore enables a safer ride.
The Vity provides all the right equipment that is expected from a more expensive scooter but at a lower price.

news source : http://www.onlyfinance.com/

Monday, June 9, 2008

Bike Insurance - New technology to work out bike insurance

This involves monitoring the movements of drivers in order to assess their prowess on the road. Malcom Tarling, speaking on behalf of the ABI, has commented that the method will be beneficial to those who behave responsibly on the roads. However, bikers who do not adhere to highways rules could find their bike insurance policies increase greatly in price.

"Insurers will certainly use advances in technology and the goal that they are always trying to achieve is to ensure that the price that they charge forinsurance reflects the actual risk," said the official. Bike insurance will be worked out using new technology in the future, according to an industry body.


According to the Association of British Insurers (ABI), the sector will begin to use technology such as the black box system recently trialled by officials in Staffordshire.


news source : http://www.onlyfinance.com/

Motorcycles need respect and good training

It was tough Monday afternoon watching yet another young motorcyclist being buried while his mom, dad and the love of his life looked on, still in shock. Already, some hard questions are being asked: How can a kid who just got his licence legally ride a 1,000cc machine? Why are bikes legally sold to rookie riders that can easily do twice the speed limit, and more? These are the wrong questions, focusing on the wrong thing: the bike. A motorcycle by itself never hurt anyone. A bike is as safe, or unsafe, as its user.

Luc Bourdon was a very good kid by all accounts, who made one wrong decision at a very bad moment in time. Let he who has never done the same cast the first stone.
Too often though, on a motorcycle, that one lapse of judgment might turn out to be your last, especially on super-powerful machines that are growing increasingly popular, as are motorcycles in general, even if sales in New Brunswick dipped slightly last year. The Motorcycle and Moped Industrial Council says almost half the bikes sold in Canada last year were 951cc or bigger. Those are some powerful machines. Every year, another 2,200 new motorcycles on average are sold in New Brunswick. Some suspect that with the skyrocketing price of fuel these days that number can only grow, though soaring motorcycleinsurance premiums will eat up a lot of those savings.

Hardcore motorcyclists say there are two kinds of bikers: those who have crashed, and those who will crash.
I know many bikers, none of whom ride irresponsibly, all of whom have taken rider-safety courses and yet all but two of whom have found themselves being collected by paramedics at one point or another. The other two who have yet to take advantage of New Brunswick's free ambulance service have indeed dumped theirbikes before, but walked away with little more than scratches and a good story to tell around the campfire. If some good is to come from the loss of Luc Bourdon, perhaps it will be that each rider reviews his or her riding habits, and maybe it's time to have a second look at our requirements for licensing new riders as well. That being said, it's worth noting that the training of motorcyclists has never been better and the stats reflect that, with the majority of motorcyclists taking training above and beyond what is required by law.

Deaths have been almost halved from their peak in the 1970s and injuries are down 48 per cent.
There is also the argument that having the power of 1,000ccs under your butt when you need it can save your bacon in some situations as well. Experienced riders say it can be a valid argument. But can we do more than what we are already doing to make sure riders come home safe? Luc also took a highly regarded motorcycle course, after all. The bottom line is that one can't lose sight of the fact that blaming big-bore bikes by themselves as the cause of tragedies such as the one we saw this past week would be as silly as blaming forks for obesity.

news source : http://timestranscript.canadaeast.com
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Friday, June 6, 2008

Bike Insurance - New bike, DVD, set to cut the cost of bike insurance - 05/06/2008

Two new developments are being launched to help cut the cost of bike insurance. Firstly, Yamaha are launching new motorbike that promises to not only have a low petrol bill but a low bike insurance bill as well. The new Vity is being touted as "the alternative mode of transport" and the company hopes to entice the country’s 1.2 million motorbike, moped and scooter owners with its low running costs.

In addition to coming with an electric start and an auto transmission, ten-inch wheels and a two-year warranty as standard, it will be available in three colours, Silver Tech, Midnight Black and Fancy Plum, and will reputedly have the same level of equipment as more expensive models in addition to being one of the cheapest bikes to insure.
It will go on sale for £1,699, which includes the registration fee and excise duty. Secondly, motorcyclists are to be given advice by the Highways Agency in the form of a free DVD called ‘Great Roads, Great Rides’

The DVD will include information on how to ride safely and bike maintenance, two topics that have the potential to reduce the annual premium.
Graham Littlechild, speaking on behalf of the Highways Agency, explained: "Latest accident figures from 2006 show motorcyclists are more than 35 times more likely to be killed or seriously injured than car occupants."

news source : http://www.onlyfinance.com/

Motorbike insurance for women who say 'on your bike' to credit crunch

A growing number of women are thinking about buying a motorbike in order to reduce spending as living costs continue to soar and lending conditions become ever tighter. According to the Post Office, one in seven women would consider swapping their car for a motorbike in order to cut costs, and 29 per cent of people who have ridden a motorcycle at some point decided to do so because it was a cheaper option.

In the past, female bikers have been relatively few and far between, accounting for just 15 per cent of the 1.2 million licensed motorcyclists on the road over the last 10 years. However, experts from the University of Huddersfield’s Motorcycle Consumer Research Unit claim that the figure is now closer to 20 per cent, and that the percentage is set to increase.
In response, and ahead of peak motorbike riding season, the Post Office has launched a new motorbike insurance policy, with discounts of up to 36 per cent for female motorcyclists. It is also giving all new customers a month's free insurance.

Director of the Motorcycle Consumer Research Unit, Geoff Crowther, said: "The rise of women motorcyclists is helping to inspire new-style bikes – and we're seeing bike designs better contoured to the female biker.
"It’s great that the Post Office recognises this trend and is providing a tailored insurance product for female riders too." Research also shows that women are involved in far fewer motorbike accidents than men, and University of Huddersfield research shows that women are more interested in pursuing advanced rider training than their male counterparts. Post Office head of general insurance, Richard Pennant-Jones, added: "It's clear that squeezes on our finances are making motorcycles an increasingly attractive alternative to cars.

"And concerns about CO2 emissions on the environment may coax more people out of their cars. With more bikers of both sexes on the roads than ever before, we’ve entered the market to ensure they receive comprehensive cover at a competitive cost."


news source : http://www.fairinvestment.co.uk/

Friday, May 30, 2008

Old motorcycles being rejuvenated

At least a dozen old black-framed motorcycles from the 1970s and early 1980s sit in a row in the repair shop of Connecticut Custom Cycles on South Main Street in Beacon Falls. They are not there to be turned into chromed-up and tricked-out show bikes that artist Sean Lezotte is accustomed to working with in his industrial loft with an airbrush and a stencil kit. They are being restored for road use by men and women who have had them in storage for years in garages and basements. Why? To offset Connecticut's predicament of having the highest gasoline prices in the United States.

"Most of them are just old bikes," Lezotte said. "They're not making them pretty. They're just making them functional and running. Some mechanical restoration and a little paint and they're on their way."
It can cost anywhere from $500 to $1,500 to get an old bike up and running, said Scott Doane, who runs the mechanical end of the business at the shop. "It depends on how well it's been taken care of and how long it's been stored," Doane said. The price of cleaning up an old bike and getting it on the road is modest in comparison with the money Connecticut residents are shelling out to fill their cars, trucks and SUVs with gasoline.

Harley — taking a huge slice off the couple's fuel budget.
The idea is to use the bike on sunny days and the car when the weather is bad, saving a lot of money on gasoline, said Lou Bailey, of Trumbull, who had work done on his old bike. "Some of the guys I work with are doing the same thing," said Bailey, who works for the Southern Connecticut Gas Co. A look at the number of motorcycles registered in Connecticut is further evidence. The state Department of Motor Vehicles reported that registrations this May stand at 79,129, up 5.6 percent from 74,935 a year ago. When the comparison is made with the period five years ago, when gasoline cost $1.63 a gallon, it is remarkable: up 35 percent from 58,646 in 2003.

Motorcycle dealer Rick Erickson, of RER Motorcity in Monroe, has been in business for decades, and has seen a lot of gasoline price fluctuations, but believes this time the high prices are here to stay.
"I don't think it's ever going back to cheap gas," Erickson said in his repair shop, where some old bikes were being restored for daily use. He has been to Europe, where it is not unusual to see gasoline sell for $10 a gallon, and believes that's happening here. "I think we're going to take a lesson from Europe," Erickson said. Options aside from motorcycles or motor scooters include hybrid or alternative fuel vehicles. Riding a bicycle is a good option for those who live near their workplace. A motorcycle can easily get 50 or 60. Older motorcycles also do not require a lot of insurance, which makes for additional savings. "I pay maybe $200 a year for bike insurance," Bailey said.

A motorcycle requires a special license and training, but a scooter, if its engine is smaller than 50 cubic centimeters, does not. "The trouble is getting [scooters]. They are so popular they're hard to get," he said.
The trend in putting old bikes back on the road is also a do-it-yourself phenomenon, as homespun mechanics put their old bikes back into shape. "We sell parts on eBay and we're getting more money for parts now," Erickson said. Old motorcycles never looked so appealing.

news source : http://origin.connpost.com/

Friday, May 23, 2008

India's Bajaj Auto expects flat market in 2008/09

MUMBAI, May 22 - Bajaj Auto Ltd , India's No. 2 motorcycle maker, said on Thursday it expected sales to stay flat in fiscal year 2008/09 because of tighter credit, but hoped to protect margins with sales of more premium bikes and cost cuts.

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Higher prices of steel, rubber, oil and other raw materials have hit margins of vehicle makers, while firmer interest rates, aimed at checking rising inflation, have bumped up vehicle loan rates by 200-300 basis points and depressed demand.
"We don't see any revival in sales," Managing Director Rajiv Bajaj said at a news conference. Bajaj Auto's vehicle sales, which had fallen every month in the year ended March, rose in April, but that was an "exception", he said. "There is a fundamental pullback in sales, and it's wishful thinking to imagine the situation will change. We're prepared for a flat market, and when sales are flat, any increase in raw material costs will certainly hurt margins," he said.

Pune-based Bajaj Auto is moving away from lower-margin 100cc bikes, and is also focusing on exports to offset softer demand in India, the world's biggest market for motorbikes after China.
Bajaj Auto will make a $2,500 car from 2011 in a venture with Renault and Nissan Motor , to take on Tata Motors' similarly priced Nano, which is scheduled to go on sale later this year. Bajaj Auto said net profit in the fiscal fourth-quarter ended March 31 was 1.21 billion rupees on net sales of 20.74 billion. Rival Hero Honda Motors Ltd in April reported a better-than-expected 53 percent rise in net profit to 2.99 billion rupees, helped by sales of its more premium bikes.

NEW LISTINGS


Bajaj Auto was recently restructured and its manufacturing and finance operations were spun off as separate businesses.
Bajaj Holdings & Investment Ltd, which owns 30 percent in Bajaj Auto, earlier on Thursday reported a quarterly net profit of 793.2 million rupees on net sales of 626.3 million. Bajaj Auto and Bajaj Finserv, which comprises bike insurance and auto finance businesses, are expected to list on Monday. Bajaj Auto, which also makes scooters and three-wheeled motorised rickshaws, plans to foray into light trucks, and make premium bikes with European partner KTM and with Japan's Kawasaki , a technology partner.

Bajaj, which holds 24.5 percent in KTM, may raise its stake to 30 percent if "the price is reasonable", Bajaj said.
Indian bike makers rolled out 7.2 million bikes and scooters in 2007/08, down nearly 8 percent from the previous year. Bajaj sold 552,101 vehicles in the March quarter, down 12 percent despite an excise duty cut to 16 percent from 24 percent at the end of February on bikes, scooters and three-wheelers. It plans to launch two three-wheelers and four new 125cc motorbikes in 2008/09, a segment Bajaj estimates accounts for 36 percent of the market.

Its share of the motorbike market fell to 32.7 percent from 33.5 percent in 2007/08, Bajaj said, because of its declining share of the 100cc segment, which offset growth in 125cc.
Shares in Bajaj Holdings ended up 3.1 percent at 672.05 rupees in a 1.95 percent weaker Mumbai market .

news source : http://malaysia.news.yahoo.com/

Saturday, May 17, 2008

Even At 105, Harley-Davidson Continues To Attract New Riders

(NAPSI)-In 2008, the iconicmotorcycle manufacturer commemorates 105 years of American know-how, chrome, leather and steel. But instead of looking in the rearview mirror at its rich history, Harley-Davidson is keeping its eyes on the road ahead by continuing to welcome new riders into an already diverse family.

Join the Party


Harley-Davidson is the only motorcycle manufacturer that offers a branded rider education program in 42 states through its authorized dealerships. Known as the Rider’s Edge New Rider Course, the Motorcycle Safety Foundation-certified program includes both classroom instruction and training on a controlled range. Students learn how to ride on a Buell Blast, a lightweight, easy-to-handle motorcycle with a rider-friendly design. Harley-Davidson dealerships across the country also offer the Rider’s Edge Skilled Rider Course for motorcycle enthusiasts interested in taking their riding to the next level.


Since its inception, Rider’s Edge has trained more than 138,000 students-and 39 percent of those students have been women, evidence that motorcycle riders can be anyone at all. A survey in late 2003 showed that 84 percent of students get their licenses after completing the course.
Among riding fundamentals, the course also addresses key safety principles, including: Positioning-Maintaining the proper lane position is part of an effective street-riding strategy. Visibility-Part of riding safely is making yourself and your bike visible to other drivers at all times. Know Your Limits-This applies to all riders, regardless of skill level. For some, this means keeping your bike at home during inclement weather or congested rush hour times.

On successful completion of the course, students receive an MSF Completion Card, which may help them get their motorcycle license and receive a discount on motorcycle insurance, depending on their state of residence and insurance provider.
To learn more about an anniversary event near you or how to enroll in a Rider’s Edge course, visit the Web site at www.harley-davidson.com. America is going “hog” wild in honor of a milestone anniversary.

news source : http://www.napsnet.com/

Friday, May 16, 2008

Win British MotoGP tickets

Next month the largest British motorcycle racing event of the year takes place at Donington Park: the British round of the MotoGP.We have one pair of money-can't-buy VIP tickets to give away, courtesy of Bennetts, bike insurance provider and sponsor of British MotoGP contender James Toseland, who is contesting his first home GP for Tech 3 Yamaha. You could be part of the action on Sunday, June 22. The prize on offer from Bennetts includes a pair of entrance and hospitality tickets with the Tech 3 Yamaha team, excellent viewing opportunities, lunch and refreshments.

Unlucky entrants can find details of further Bennetts' competitions - including the chance to win a James Toseland replica R1 in May - at www.bennetts.co.uk.


For a chance to win, enter here
: Regrettably, we no longer accept emailed or posted entries. The closing date for all entries is midnight on Friday May 23.

1. This prize draw is open to residents of the UK, Channel Islands, Isle of Man and Republic of Ireland aged 18 years or over, except employees of Telegraph Media Group Limited and their associated, affiliated or subsidiary companies, and their families, agents or anyone else professionally associated with the draw.


2. Details regarding how to enter as published form part of the terms and conditions. It is a condition of entry that all rules are accepted as final and that the competitor agrees to abide by these rules. The decision of the judges is final and no correspondence will be entered into.


3. Only one entry per person. Late, illegible, incomplete, defaced or corrupt entries will not be accepted. No responsibility can be accepted for lost entries and proof of transmission will not be accepted as proof of receipt. The winner(s) will be drawn at random from all entries received by the closing date. If winning is dependent on answering a question correctly, then the winner(s) will be drawn at random from all correct entries received.


4. All entries must be received by the published closing date.


5. The winner(s) will be notified by email, telephone or letter and their name and the name of the county where they live may be published. The winner(s) will be notified within seven days of the published closing date of the prize draw. The name and county of the winner(s) may be disclosed to anyone who writes within one month after the published closing date, enclosing a stamped addressed envelope, to Telegraph Motoring Desk, 111 Buckingham Palace Road, London SW1W 0DT. The prize will be delivered to the winner's home address within 28 days of notification, unless the winner is notified otherwise. Prizes will not be awarded as a result of improper actions by or on behalf of contestants, illegal or otherwise.


6. The prizes as published are available on the date of publication. The prize is subject to availability and to any published restrictions. All prizes are non transferable and there are no cash alternatives.


7. The winner may be required to participate in publicity. Note that by entering into this competition you agree to have your name released as the winner, should you be drawn as a winner of the prize.


8. Events may occur that render the prize draw itself or the awarding of the prize impossible due to reasons beyond the control of the Promoter and accordingly the Promoter may at its absolute discretion vary or amend the promotion and the entrant agrees that no liability shall attach to the Promoter as a result thereof.


9. English law applies and the exclusive jurisdiction of the English Courts shall prevail. The Promoter is Telegraph Media Group Limited, 111 Buckingham Palace Road, London SW1W 0DT.


news source : http://www.telegraph.co.uk/

Wednesday, May 14, 2008

Bike star at office

BRITISH biking hero and MotoGP star James Toseland has launched a month-long promotion for bike insurance firm Bennetts. James, a classically trained pianist, used a different type of keyboard for the day as he worked alongside staff at the insurance provider's Coventry contact centre.

He said: "I really enjoyed getting into the Bennetts contact centre and speaking to bikers up and down the country.
"It was a completely new experience for me and pretty different to being on the race track but I hope I encouraged people to get involved with the promotion."

news source : http://www.coventrytelegraph.net/

'Apprentice' Winner Takes Flying Lap

Original Apprentice winner Tim Campbell continued his life in the fast lane with a high-speed pillion aboard the Bennetts Buell with former triple Superbike Champion Niall Mackenzie. The businessman, who managed to stay cool under pressure from Sir Alan Sugar, was unable to contain his excitement at the experience with Mackenzie - who he described as "a god." Campbell, who rides a Suzuki GSXR 750, enjoyed a flying lap at the Brands Hatch circuit in Kent in glorious sunshine, which left him speechless for a few seconds before exclaiming that the experience was "unbelievable".

"I started out by trying to be really cool at first by putting my hands on the tank of the Bennetts Buell, but before we'd even made it half way round the track I was clinging on to Niall and had my arms wrapped around him," he said. Luckily, Campbell is a Bennetts' policyholder.
Tim was previously quoted as saying that he had learnt from Sir Alan how to take risks and his nerves of steel were confirmed when he stepped off the Bennetts Buell with his helmet hiding a huge grin.

The action at the re-run of the Bennetts British Superbike Championship season opener was also witnessed by celebrity motorcyclist Jodie Marsh, who rode to the event aboard a Harley-Davidson. She was unable to experience the Bennetts Buell pillion due to her recent surgery but declared that a previous pillion experience with Ron Haslam was "better than sex." She met Haslam's son and championship contender Leon on the grid yesterday as well as other British contenders Leon Camier and Tom Sykes.


news source : http://www.motorcycle-usa.com/

Monday, May 12, 2008

Easy cover for easy riders

The Post Office has extended its range of great value insurance products with the introduction of a new motorcycle insurance policy. Scooters and motorbikes are becoming increasingly popular amongst motorists as the costs of running a car continue to rise and drivers turn to greener forms of transport. Motorcycle traffic has increased by an estimated 37 per cent over the last ten years, with 1.2 million licensed motorcyclists currently on UK roads. According to research from the Post Office, a third (29 per cent) of people who own a motorcycle do so because it is cheaper than running a car.

To meet this increased demand for two-wheeled transport, Post Office Motorcycle Insurance offers customers great value for money with a host of added benefits, including the option to insure up to four bikes on the same policy and up to £500 cover for accessories per bike. And for a limited time it is also offering new customers one month's free cover.
The growing number of women bikers, who now make up 15 per cent of the UK's cyclists, can also benefit from special discounts. Female riders can claim a discount of up to 36 per cent in addition to any other discounts that are applicable. And because the Post Office searches a number of leading providers on their behalf, motorcyclists can be confident they're getting the best deal.

Unlike many insurers, the Post Office offers customers a choice of ways to pay for their motorcycle insurance - by cash, cheque, postal order or direct debit. People can also claim further discounts for no-claims, advanced training, secure overnight garaging, limited mileage and approved security systems.
Post Office head of general insurance Richard Pennant-Jones said: "It's clear that the rising costs of running a car along with concerns about CO2 emissions on the environment are making motorcycles and scooters an increasingly attractive alternative. We expect the number of motorcyclists to increase further over the next few years and have launched this new policy to provide them with comprehensive cover at a competitive price.

"The Post Office is always looking for ways to help our customers and give them relevant benefits. We know many motorcyclists own more than one motorbike or scooter and therefore provide an option to insure up to four bikes on one policy, making life a lot easier for them."
This follows the successful launch of Post Office car and van insurance, which have established the Post Office as the UK's fastest growing motor insurer. Currently one in every 50 cars in the UK is insured with the Post Office. Post Office Motorcycle Insurance is easy to apply for, visit postoffice.co.uk.

news source : http://www.easier.com/

Motorbike insurance for women who say 'on your bike' to credit crunch

A growing number of women are thinking about buying a motorbike in order to reduce spending as living costs continue to soar and lending conditions become ever tighter. According to the Post Office, one in seven women would consider swapping their car for a motorbike in order to cut costs, and 29 per cent of people who have ridden a motorcycle at some point decided to do so because it was a cheaper option.

In the past, female bikers have been relatively few and far between, accounting for just 15 per cent of the 1.2 million licensed motorcyclists on the road over the last 10 years. However, experts from the University of Huddersfield’s Motorcycle Consumer Research Unit claim that the figure is now closer to 20 per cent, and that the percentage is set to increase.
In response, and ahead of peak motorbike riding season, the Post Office has launched a new motorbike insurance policy, with discounts of up to 36 per cent for female motorcyclists. It is also giving all new customers a month's free insurance.

Director of the Motorcycle Consumer Research Unit, Geoff Crowther, said: "The rise of women motorcyclists is helping to inspire new-style bikes – and we're seeing bike designs better contoured to the female biker.
"It’s great that the Post Office recognises this trend and is providing a tailored insurance product for female riders too." Research also shows that women are involved in far fewer motorbike accidents than men, and University of Huddersfield research shows that women are more interested in pursuing advanced rider training than their male counterparts.

Post Office head of general insurance, Richard Pennant-Jones, added: "It's clear that squeezes on our finances are making motorcycles an increasingly attractive alternative to cars.
"And concerns about CO2 emissions on the environment may coax more people out of their cars. With more bikers of both sexes on the roads than ever before, we’ve entered the market to ensure they receive comprehensive cover at a competitive cost."

news source : http://www.fairinvestment.co.uk/