Canceling insurance

OddlyOrdinary · November 9th, 2011, 03:26 PM

When it gets too cold for you to ride, and you garage your bike do you cancel your insurance until you're ready to ride again? Obviously this is only for those that have a 'riding season', but I'm curious if there is any penalty for not paying for the month or two that you're not riding.

csmith12 · November 9th, 2011, 03:30 PM

I don't cancel it completely, it's just reduced to fire & theft. $5 a month for storage protection basically.

OddlyOrdinary · November 9th, 2011, 03:32 PM

To do that do you basically just call the company and say you don't plan on going anywhere on it? $5 is awesome theft coverage.

csmith12 · November 9th, 2011, 03:39 PM

Yea, just call em. They should be used to the seasonal reductions in coverage.

str8t six · November 9th, 2011, 08:32 PM

Yeah just call your insurance company and tell them you are putting it In Storage for a couple months.

M · November 10th, 2011, 09:12 AM

I ride year-round in OK, so I carry insurance 24/7.

FWIW, my '05 250 is only $33.54/year for 250/500/250 liability and $250/deductible comprehensive. My '07 650R is a bit higher at $199.92/year for 250/500/250 liability, $250/deductible comprehensive & $250/deductible collision.

I have uninsured stacked on a cage, so it covers my cycles no-charge.

bonbon76 · November 10th, 2011, 09:16 AM

I strip the coverage down to what is required to keep the insurance active so I dont have to turn in my plate.

k-os · November 10th, 2011, 12:51 PM

I asked my insurance company about something like this. I asked if I could only insure it for fire and theft for the winter months, and they told me they didn't offer that option. They said their rates essentially reflected the assumption of not being able to use the vehicle for that time of the year.

Matz · November 11th, 2011, 04:12 AM

Or you could be an impatient idiot like me and take insurance out when it could snow any minute

JLinde1339 · November 11th, 2011, 06:55 AM

Quote:

Originally Posted by k-os

I asked my insurance company about something like this. I asked if I could only insure it for fire and theft for the winter months, and they told me they didn't offer that option. They said their rates essentially reflected the assumption of not being able to use the vehicle for that time of the year.

I asked my agent the exact same thing and got the exact same answer that you did.
Posted via Mobile Device

bonbon76 · November 11th, 2011, 07:09 AM

Quote:

Originally Posted by JLinde1339

I asked my agent the exact same thing and got the exact same answer that you did.
Posted via Mobile Device

hmmm.... maybe it has something to do with your state?!?! Never heard that before though and Ive been in the insurance industry for over 10 years. I do deal with commercial only but can’t imagine it’s too much different. But like I said, might be your state regulations. No need to have full coverage on something that’s not on a public road. No need to have collision. If anything, you can keep the comprehensive in case something happens while in storage.

JLinde1339 · November 11th, 2011, 07:15 AM

Yeah, I know insurance laws vary by state. And I have basic coverage. But I asked them that question because here, you have to turn your plate in to DMV once you drop coverage. So I avoid having to do that and getting a different plate number every year.
Posted via Mobile Device

bonbon76 · November 11th, 2011, 08:06 AM

If you cancel coverage completely you have to turn your plate in here too.. Thats why I keep minimal on just to avoid that exact thing.

ForceofWill · November 11th, 2011, 01:37 PM

Don't forget that if you cancel your coverage completey, that gap in time between when you get coverage again can screw you. I had a month or two gap in coverage when I was younger(sold car and bought new one) and Alstate told me that since it wasn't continuous, they counted me as just starting to drive at the new start date. Needless to say my rates went WAY up for 6 months.

November 9th, 2011, 03:26 PM	#1
OddlyOrdinary ninjette.org member Name: Asdf Location: A Join Date: Sep 2011 Motorcycle(s): 2009 SE Ninja 250 Posts: 83	Canceling insurance When it gets too cold for you to ride, and you garage your bike do you cancel your insurance until you're ready to ride again? Obviously this is only for those that have a 'riding season', but I'm curious if there is any penalty for not paying for the month or two that you're not riding.

November 9th, 2011, 03:30 PM	#2
csmith12 The Corner Whisperer Name: Chris (aka Reactor) Location: Northern KY Join Date: May 2011 Motorcycle(s): 2010 250 (track), 1992 250, 2006 R6 (street/track), 2008 R6 (track) Posts: Too much. MOTY 2015, MOTM - Nov '12, Nov '13	I don't cancel it completely, it's just reduced to fire & theft. $5 a month for storage protection basically. __________________________________________________ Goal: Shake A Million Hands \| Look through the corners \| Track Day Prep \| Closest track? \| The Mid-Ohio School

November 9th, 2011, 03:39 PM	#4
csmith12 The Corner Whisperer Name: Chris (aka Reactor) Location: Northern KY Join Date: May 2011 Motorcycle(s): 2010 250 (track), 1992 250, 2006 R6 (street/track), 2008 R6 (track) Posts: Too much. MOTY 2015, MOTM - Nov '12, Nov '13	Yea, just call em. They should be used to the seasonal reductions in coverage. __________________________________________________ Goal: Shake A Million Hands \| Look through the corners \| Track Day Prep \| Closest track? \| The Mid-Ohio School

November 9th, 2011, 08:32 PM	#5
str8t six never enough Name: josh Location: michigan Join Date: Sep 2011 Motorcycle(s): Blue 2010 ninja 250R Posts: 277	Yeah just call your insurance company and tell them you are putting it In Storage for a couple months. __________________________________________________ custom graphics, zero gravity DB

November 10th, 2011, 09:12 AM	#6
M ninjette.org member Name: M Location: Oklahoma Join Date: Jun 2009 Motorcycle(s): Ninja 250 x2, Ninja 650R Posts: 165	I ride year-round in OK, so I carry insurance 24/7. FWIW, my '05 250 is only $33.54/year for 250/500/250 liability and $250/deductible comprehensive. My '07 650R is a bit higher at $199.92/year for 250/500/250 liability, $250/deductible comprehensive & $250/deductible collision. I have uninsured stacked on a cage, so it covers my cycles no-charge. __________________________________________________ The Rally - Oklahoma

November 9th, 2011, 03:32 PM	#3
OddlyOrdinary ninjette.org member Name: Asdf Location: A Join Date: Sep 2011 Motorcycle(s): 2009 SE Ninja 250 Posts: 83	To do that do you basically just call the company and say you don't plan on going anywhere on it? $5 is awesome theft coverage.

November 10th, 2011, 09:16 AM	#7
bonbon76 ninjette.org member Name: Bonnie Location: Wilmington, MA Join Date: May 2011 Motorcycle(s): 09 Ninja 250 Posts: 132	I strip the coverage down to what is required to keep the insurance active so I dont have to turn in my plate. __________________________________________________ "B"

November 10th, 2011, 12:51 PM	#8
k-os ninjette.org sage Name: Andy Location: Sheboygan, WI Join Date: Dec 2008 Motorcycle(s): 1988 Honda Hawk NT650, 1989 Honda Hawk NT650, 1997 GSXR750 Track Bike Posts: 890	I asked my insurance company about something like this. I asked if I could only insure it for fire and theft for the winter months, and they told me they didn't offer that option. They said their rates essentially reflected the assumption of not being able to use the vehicle for that time of the year.

November 11th, 2011, 04:12 AM	#9
Matz is stunning! ;) Name: Matz Location: Elgin, Scotland Join Date: Aug 2011 Motorcycle(s): CBR600 FS2, XT350 Posts: 132	Or you could be an impatient idiot like me and take insurance out when it could snow any minute

November 11th, 2011, 07:15 AM	#12
JLinde1339 Fighterer in Training Name: Joshua Location: Schenectady, NY Join Date: Jul 2011 Motorcycle(s): 2001 Ninja 250R Posts: 316	Yeah, I know insurance laws vary by state. And I have basic coverage. But I asked them that question because here, you have to turn your plate in to DMV once you drop coverage. So I avoid having to do that and getting a different plate number every year. Posted via Mobile Device

November 11th, 2011, 08:06 AM	#13
bonbon76 ninjette.org member Name: Bonnie Location: Wilmington, MA Join Date: May 2011 Motorcycle(s): 09 Ninja 250 Posts: 132	If you cancel coverage completely you have to turn your plate in here too.. Thats why I keep minimal on just to avoid that exact thing. __________________________________________________ "B"

November 11th, 2011, 01:37 PM	#14
ForceofWill Blind 250 Loving Whore Name: Tom Location: Chesapeake, VA Join Date: May 2011 Motorcycle(s): 2008 250R, 02 FZ1, '20 Fat Bob 114 Posts: A lot.	Don't forget that if you cancel your coverage completey, that gap in time between when you get coverage again can screw you. I had a month or two gap in coverage when I was younger(sold car and bought new one) and Alstate told me that since it wasn't continuous, they counted me as just starting to drive at the new start date. Needless to say my rates went WAY up for 6 months.

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