How much do you pay for Insurance?


D

dart1963

Super Moderator
Elite Member
dart1963 said:
+1 whack job for sure!
I pay $515/yr 100/300/50 w/uninsured motorist, my buddy has a ducati super sport and a 2006 vstar (1800cc or some monster, biggest vtwin ) and he said he pays about $500 for both his, not sure he has full coverage, and he's been driving for a few years. I'm figuring on my 1 year renewal it'd better be lower (that is if I have no claims, tickets, etc.).
Click to expand...
^^^ that was with nationwide.... dumped them after one year

$250 / yr full coverage with progressive.

Just got a new quote from gieco (who insure my cars and house)... $962/yr. they are smoking something... they said, it's a sport bike, you'll never find another company that can insure it for less than that :Flip: I'm 39 effin yrs old with nothing on my record, live out in the country and hit my two years of riding next month...

will update on what else I find as I'm due for renewal next month and am pricing from several places (actually, wife is calling around for me... I'm working :D)

[FONT=&quot]progressive: $256
Allstate: $185.26
State Farm: $371.86
Geico: $962.00

final numbers
[/FONT]
 
Last edited:
S

Sirnice

New Member
Insurance coverage

How much insurance coverage is recommended for motorcycle?
I only got liability and pay $120 vs full coverage for $470 (Progressive). I figure only be riding on weekends. Should I get more coverage?

How much insurance coverage do you have and with what company?

Thank you for your inputs.
 
D

dart1963

Super Moderator
Elite Member
There's a whole thread on what people are paying..... as to coverage... it's up to you, do you have theft? DC area is known to be high theft area (we had a guy go into a CVS for 10 minutes and his ride was jacked). What if you have a deer run out in front of you, are you willing to take the loss and/or fix the bike yourself?
If you want full coverage, but the rates seems too high, did you shop around? Rates vary wildly, I just renewed and had 3 quotes within $100 of each other, and one that was $800 higher (P.S. stay away from Geico, they consider our bike a SS).
 
C

CDN6R

New Member
What it comes down to is this:: It is a crap shoot. If you want to chance it, that is you feel that you will never need full coverage then do not get it. However only you can decide if you want to chance this way of thinking. I read quite often in my local news paper about a house fire where everything is at a loss,,,,,and the home owner has no house insurance. So like I said it is a crap shoot,, you pay your money for just liability or full coverage and take your chances.
 
M

MNGreg

waiting out winter
Elite Member
I agree with what the others say. You have to figure how much financial risk you can take. Personaly the only area I may skimp on is medical. I pray that I dont get injured again, but if I do, my medical insurance will cover me. You have to check your policies though. Make sure medical will. Some bike insurance also doesnt offer medical buy up, but some do.

Sent from my SCH-I500 using Tapatalk
 
D

Detrich

New Member
i recently increased my coverage to 100k/300k/250k + c&c w/ 500dd for $600/ bike for the entire year w/ AAA... why? well, paranoia maybe...

a friend of a friend low-sided going down a canyon road (ACH) recently. his bike spun out, hit two parked cruisers (harleys), and then hit a ferrari.

do the math.
 
M

MNGreg

waiting out winter
Elite Member
Detrich said:
i recently increased my coverage to 100k/300k/250k + c&c w/ 500dd for $600/ bike for the entire year w/ AAA... why? well, paranoia maybe...

a friend of a friend low-sided going down a canyon road (ACH) recently. his bike spun out, hit two parked cruisers (harleys), and then hit a ferrari.

do the math.
Click to expand...
YIKES!!!! I think I would have to cry if I saw I was responsible for that!

Sent from my SCH-I500 using Tapatalk
 
D

Detrich

New Member
yah... i used to not think about it too much either.

but, although a bike doesn't do as much damage to a car upon impact, it is lighter and more likely to to get flung around once u go down. and, god-knows-what it might hit once it starts spinning on the ground- ie there is always an outside chance that it could hit multiple vehicles.

knocking over 2 harley's is prolly easily 5 to 10 grand in damage. i'm afraid to think how much it would cost to repair the door or bumper of an expensive car or exotic sports car if that were in the path as well. =(
 
S

Sirnice

New Member
That would be covered under liability, no? but I guess he'll need to pay for his own repair.

Detrich said:
i recently increased my coverage to 100k/300k/250k + c&c w/ 500dd for $600/ bike for the entire year w/ AAA... why? well, paranoia maybe...

a friend of a friend low-sided going down a canyon road (ACH) recently. his bike spun out, hit two parked cruisers (harleys), and then hit a ferrari.

do the math.
Click to expand...
 
D

Detrich

New Member
Here's the thing. If your bike hits it, you are liable. If your insurance isn't enough to cover the damage then the other parties can sue you.

To my knowledge usually rich ppl carry lotsa insurance. So if u don't have enough, their uninsured/ underinsured policies ought to cover it. However, u would still be at the mercy of the lawyers of their insurance co...

It's not a very typical scenario, obviously. But, $600 a year is not too ridiculously expensive imo.
 
S

Sparkxx1

New Member
I pay 600 a year just for theft and liability, I'm looking to add full coverage soon. Almost had a dick rear end me today and I wasn't even riding hard. I was just going with traffic.
 
D

Detrich

New Member
Yah... Realistically, I'd say the chances of any of us ever hitting a Ferrari is extremely slim.

When I asked AAA what's a "reasonably good" amount of coverage, they told me the 100/300/250 is good for a bike. The 100/300 bodily injury is in case hitting a pedestrian or something... The 250 property damage is in case of a Ferrari... <lol>. Wth
 
O

onegin

New Member
27 male / clean(er) record / schaumburg, IL

Progressive: $438 per year (w/ collision) - will be switching to basic coverage for winter months (so I will get credit towards next riding season)
 
V

vitrox

New Member
mine is currently $16/mo for liability + uninsured motorist coverage. If I got rid of the UMC it would be $5/mo for liability.

29, male, married, no tickets for 9 years. State farm.
 

You must log in or register to reply here.


Top