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Insuring a scooter
sahbear
25 Feb 2011 10:39am
What sort of price are people paying to insure their scooter? That is, if they choose to insure it at all. And with whom?
Have just put in a call to Westpac Insurance (aka Lumley) and even though we have car insurance and contents insurance with them (and have done so for years), they will only insure a brand new 49cc scooter as a Ducatti (apparently its the only "field" Lumley has in its form!) and that the only price they can do is $43/month ($500 access AND $1000 excess if it is stolen) with no discount for paying annually, storing it it in a locked garage or been ridden by two middle aged beings. And there is no such option as 3rd party insurance, only full cover!! Uggghhhh! All I can think is, why bother with insurance at all????
Actual running costs
Stuart MacAndrew
20 Nov 2009 10:59am
Fixating on petrol costs is misleading, as running costs for a scooter are negligible compared to standing costs.
The chart comparing value vs a car would be better comparing total annual ownership costs. The choice of a $2000 value car because that is what a new scooter costs is completely arbitrary. I doubt whether a $2000 car delivers the minimum annual ownership costs once the possibility of repairs are taken into account.
At 2000 km/year (which is what I average on my 125cc scooter) 1.5l/10km = 30 l = $50-60. This is negligible compared to the non-running costs.
A scooter is only likely to last say 5 years of daily use. So simplistically depreciation is ~$400/year. Registration is $90. My 3rd party insurance is $25.
Note that the proposed ACC changes to increase registration changes to $250 are a huge increase to the total annual ownership cost of a scooter. Before $400 + $90 + $60 + $25 = $575. After = $400 + $250 + $60 + $25 = $735. That is about a 30% jump!!
And as noted by Mark below.
peteri
19 Nov 2009 9:21pm
They've tripped themselves up doing it. Their chart has the $2000 used car getting 4.3 L/100Km. The latest Gen3 Prius can't even achieve that. A 50cc scooter will indeed regularly do 1.5L/100K.
Consumer mag should know better. The GLOBAL standard for metric fuel consumption is L/100Km not Km/L. The figures is this story are used for comparison but using a different standard makes actual comparison with other vehicles, from either the web, other magazines or manufacturers' stats, as convoluted as if they'd used mpg. Get with it.
Where to buy the car?
Mark Heyes
18 Nov 2009 9:49pm
I wonder how easily I could find a car for $2000 with 23km per litre economy. I suspect an economical $2000 would be lucky to get much more than 15km per litre. I doubt you would be looking at less than 3 X the fuel cost for a cheap car compared to a new scooter.
Of course parking alone if you work in a city would make a scooter very worthwhile. In Auckland there are quite a few choices of free parking for motorcycles & scooters.
What sort of price are people paying to insure their scooter? That is, if they choose to insure it at all. And with whom?
Have just put in a call to Westpac Insurance (aka Lumley) and even though we have car insurance and contents insurance with them (and have done so for years), they will only insure a brand new 49cc scooter as a Ducatti (apparently its the only "field" Lumley has in its form!) and that the only price they can do is $43/month ($500 access AND $1000 excess if it is stolen) with no discount for paying annually, storing it it in a locked garage or been ridden by two middle aged beings. And there is no such option as 3rd party insurance, only full cover!! Uggghhhh! All I can think is, why bother with insurance at all????
Fixating on petrol costs is misleading, as running costs for a scooter are negligible compared to standing costs.
The chart comparing value vs a car would be better comparing total annual ownership costs. The choice of a $2000 value car because that is what a new scooter costs is completely arbitrary. I doubt whether a $2000 car delivers the minimum annual ownership costs once the possibility of repairs are taken into account.
At 2000 km/year (which is what I average on my 125cc scooter) 1.5l/10km = 30 l = $50-60. This is negligible compared to the non-running costs.
A scooter is only likely to last say 5 years of daily use. So simplistically depreciation is ~$400/year. Registration is $90. My 3rd party insurance is $25.
Note that the proposed ACC changes to increase registration changes to $250 are a huge increase to the total annual ownership cost of a scooter. Before $400 + $90 + $60 + $25 = $575. After = $400 + $250 + $60 + $25 = $735. That is about a 30% jump!!
They've tripped themselves up doing it. Their chart has the $2000 used car getting 4.3 L/100Km. The latest Gen3 Prius can't even achieve that. A 50cc scooter will indeed regularly do 1.5L/100K.
Consumer mag should know better. The GLOBAL standard for metric fuel consumption is L/100Km not Km/L. The figures is this story are used for comparison but using a different standard makes actual comparison with other vehicles, from either the web, other magazines or manufacturers' stats, as convoluted as if they'd used mpg. Get with it.
I wonder how easily I could find a car for $2000 with 23km per litre economy. I suspect an economical $2000 would be lucky to get much more than 15km per litre. I doubt you would be looking at less than 3 X the fuel cost for a cheap car compared to a new scooter.
Of course parking alone if you work in a city would make a scooter very worthwhile. In Auckland there are quite a few choices of free parking for motorcycles & scooters.