How much are you paying for Insurance?

[Linuss]

I have


BI and liability: 30/60/25
Un/under injury: 30/60
Un/Under property: 25
Comprehensive $250 ded
Collision $1,000 ded
And roadside assistance


$304 for a year, for a 22 year old with great credit, no other deductions.

[kamikaze]

i was $1600 for my first year. 1 ticket, 29/yo. This year it should be around $650 since I"m now 30, and have had my motorcycle license for more than a year.

[Vampyre]

Originally Posted by TomServo

What are the limits and deductibles, if you don't mind me asking?

I've got my motorcycle and auto policies through Progressive. Motorcycle was just over $350 / year for:

BODILY INJURY & PROPERTY DAMAGE LIABILITY - $50,000 EACH PERSON - $100,000 EACH ACCIDENT
PROPERTY DAMAGE LIABILITY - $25,000 EACH ACCIDENT
COMPREHENSIVE - $500 DEDUCTIBLE
COLLISION - $500 DEDUCTIBLE
ROADSIDE ASSISTANCE $10.00
UNINSURED/UNDERINSURED MOTORIST - REJECTED

I'm 32, 0 years riding experience, no tickets or claims, and the following discounts applied:

Safety Course
Responsible Driver
MC Endorsement
Homeowner
Multi Policy
Paid In Full

Same as you but 25k/50k for the BI
and 10K for property.
No roadside assistance.
I am 32 as well.

Where in central FL are you. I am in Orlando. May be trying to get a ride out to Low N Slow BBQ in Cocoa one of these days.
Adding the Uninsured would jump it to 791 or abouts.

[Reswob]

Just for laughs, I got a quote on full coverage when I first got the bike - $2,500/yr. That's right, 2 years of insurance cost more than the whole bike!

I'm down to $90/yr state minimum coverage with Progressive.

[noobie]

Originally Posted by TomServo

What are the limits and deductibles, if you don't mind me asking?

I've got my motorcycle and auto policies through Progressive. Motorcycle was just over $350 / year for:

BODILY INJURY & PROPERTY DAMAGE LIABILITY - $50,000 EACH PERSON - $100,000 EACH ACCIDENT
PROPERTY DAMAGE LIABILITY - $25,000 EACH ACCIDENT
COMPREHENSIVE - $500 DEDUCTIBLE
COLLISION - $500 DEDUCTIBLE
ROADSIDE ASSISTANCE $10.00
UNINSURED/UNDERINSURED MOTORIST - REJECTED

I'm 32, 0 years riding experience, no tickets or claims, and the following discounts applied:

Safety Course
Responsible Driver
MC Endorsement
Homeowner
Multi Policy
Paid In Full

highly recommend you reconsider uninsured/underinsured insurance....think hit & run and medical liabilities that a motorcyclist would need in the case of an accident.

[gophurr]

Shop around, but remember. State Farm FTW. I am under 25y/o, with 1 speeding ticket on my record, and pay $750 a year for full coverage.

[CynicalC]

Originally Posted by Linuss

Progressive, full coverage. for a 22 year old: $300 for 12 months of coverage. That's right... $30 a month.

Yay maths!

[TomServo]

Originally Posted by Vampyre

Same as you but 25k/50k for the BI
and 10K for property.
No roadside assistance.
I am 32 as well.

Where in central FL are you. I am in Orlando. May be trying to get a ride out to Low N Slow BBQ in Cocoa one of these days.
Adding the Uninsured would jump it to 791 or abouts.

I'm around Melbourne. Slow N Low is up the street from me a ways.

The roadside assitance only added about $10/year. Even the liability wasn't the big hitter. $200 of that $350 is going towards collision w/ a $500 deductible. Do you have any years of riding experience that might explain the huge difference? Did you get your policy online or through a broker?

Originally Posted by noobie

highly recommend you reconsider uninsured/underinsured insurance....think hit & run and medical liabilities that a motorcyclist would need in the case of an accident.

Yeah, I wish it were that easy. Perhaps it's because there are so many uninsured motorists in Florida, but we get completely raped on that coverage for motorcycles. Adding something tiny like $25K tacked on something like $600 / year to the policy. Keeping $100k/$300K on my car costs $120 / year. On top of that, they're all slick and write the car and motorcycle on seperate policies so you can't get stacked coverage.

I have health coverage through work, and I'll be bumping up my long-term disability during this year's benefits enrollment period. Really the only thing I can't match from U/UM is pain & suffering damages.

[CynicalC]

Originally Posted by Reswob

Just for laughs, I got a quote on full coverage when I first got the bike - $2,500/yr. That's right, 2 years of insurance cost more than the whole bike!

I'm down to $90/yr state minimum coverage with Progressive.

I would guess the likelihood ofthe bike being totaled within tue first 2 years is high.

[blink]

I'm 17 and pay 337/year with a canadia company AMA! Only basic though =[ full was 1200..$

[Vampyre]

Originally Posted by TomServo

I'm around Melbourne. Slow N Low is up the street from me a ways.

The roadside assitance only added about $10/year. Even the liability wasn't the big hitter. $200 of that $350 is going towards collision w/ a $500 deductible. Do you have any years of riding experience that might explain the huge difference? Did you get your policy online or through a broker?



Yeah, I wish it were that easy. Perhaps it's because there are so many uninsured motorists in Florida, but we get completely raped on that coverage for motorcycles. Adding something tiny like $25K tacked on something like $600 / year to the policy. Keeping $100k/$300K on my car costs $120 / year. On top of that, they're all slick and write the car and motorcycle on seperate policies so you can't get stacked coverage.

I have health coverage through work, and I'll be bumping up my long-term disability during this year's benefits enrollment period. Really the only thing I can't match from U/UM is pain & suffering damages.

This was just a quote online. I put that I had a couple years. Which I do, but it was 10-15 yrs ago that I used to ride semi-regularly. I am also have insanely good medical insurance. On a side note, I did get in a car accident with an uninsured and unlicensed driver about 8 years ago when I was much more hot headed. He got arrested for it, and I almost did to. When he told the cop he didn't have either, I almost knocked him out. My insurance eventually got him to pay out of pocket for it though. Took 2 years.

[Linuss]

Originally Posted by CynicalC

Yay maths!

I simplified the math a little

$304 for a year, but $37 if done in monthly payments instead of in full. I paid in full.

[algerath]

I have state farm. $18 mo. For 250 ded on comp, 500 on collision. That's on my new 2010. I just sold my old '95 and I paid $9 mo. For liability and um, uim.

I am 37 though with good driving history and only fair credit.

[csmith12]

I open my mail today to find that state farm is cancelling my policy on my new 2010 ninja, due to a speeding ticket in my cage nearly 3yrs ago in 08. Oddly enough the policy for the pregen (1991) is staying in place.

WTF is up with that?

My driving record is fairly clean, I have had 3 tickets and hit a deer in 20+ years of insurance with them. I also have my cages, house and life insurance with them.

So in short;

20+ year customer ($350 x 12 for 20yrs = $84,000)
4 dings on record (all spread years appart)
Fair credit
I pay them $350 a month for a bundled policy (home, auto, life), but both bikes total $60 a month of the $350

Going to call them in the morning to ask WTF is going on.

Pardon my rant here, but I am pretty sick of companies taking a dump on good customers. I am a honest, good paying customer and they want to cancel me for something 3yrs ago. Common..... Insurance, satellite, cable companies….. they are all leeches.

[Alex]

That is strange! Generally, tickets can't be used to affect your rates past 39 months (in Cali at least), but perhaps laws are different as insurance is regulated at a state level. They can check driving records going back further than that, but it is only to check for eligibility for insurance, not rate setting. It's strange that an old ticket came up to have them suddenly decide ineligibility.

[warlord]

Just called around yesterday to do some comparison shopping for motorcycle and car insurance as part of a school project doing phone interviews comparing products. I ended up switching to Progressive because they quoted me $192 per year for my 250r for full coverage. Same coverage with Allstate was costing me $437 per year. I also switched my cars over because it was $404 for 6 months for full coverage for 2 cars (300/100).

This is my coverage for my Progressive motorcycle insurance, $192 per year:

BODILY INJURY & PROPERTY DAMAGE LIABILITY - $50,000 EACH PERSON - $100,000 EACH ACCIDENT
PROPERTY DAMAGE LIABILITY - $25,000 EACH ACCIDENT
COMPREHENSIVE - $500 DEDUCTIBLE
COLLISION - $500 DEDUCTIBLE
ROADSIDE ASSISTANCE-NO
UNINSURED/UNDERINSURED MOTORIST - $50,000 EACH PERSON - $100,000 EACH ACCIDENT

I'm 32 (also), 0 years riding experience, no tickets or claims, good credit, and the following discounts applied:

MSF Safety Course
Responsible Driver
MC Endorsement
Homeowner
Multi Policy
Paid In Full
Paperless

[ichibunkid.206]

Originally Posted by warlord

Just called around yesterday to do some comparison shopping for motorcycle and car insurance as part of a school project doing phone interviews comparing products. I ended up switching to Progressive because they quoted me $192 per year for my 250r for full coverage. Same coverage with Allstate was costing me $437 per year. I also switched my cars over because it was $404 for 6 months for full coverage for 2 cars (300/100).

This is my coverage for my Progressive motorcycle insurance, $192 per year:

BODILY INJURY & PROPERTY DAMAGE LIABILITY - $50,000 EACH PERSON - $100,000 EACH ACCIDENT
PROPERTY DAMAGE LIABILITY - $25,000 EACH ACCIDENT
COMPREHENSIVE - $500 DEDUCTIBLE
COLLISION - $500 DEDUCTIBLE
ROADSIDE ASSISTANCE-NO
UNINSURED/UNDERINSURED MOTORIST - $50,000 EACH PERSON - $100,000 EACH ACCIDENT

I'm 32 (also), 0 years riding experience, no tickets or claims, good credit, and the following discounts applied:

MSF Safety Course
Responsible Driver
MC Endorsement
Homeowner
Multi Policy
Paid In Full
Paperless

I did an online quote with Progressive yesterday also.. and the numbers I got from them were similar... 248.00 for 12 months as opposed to 600.00 with Safeco for 12 months... pretty much a no brainer..

Now that the original shock of insurance pricing has worn off, I'll be doing some more price comparing among the various companies

[alex.s]

I pay around 1000/year for my car (lots of tickets) I pay about 600/year on the ninja. here's the kicker; the EXACT same insurance specs on the 93 fzr cost me $55 a year. thats fifty five dollars. how is that possible? don't know, don't care, happy to get close-to-free insurance for the fzr!
edit: bikes are on progressive

[n4mwd]

I shopped around before I got mine. Geico, state farm and allstate were the worst with stripped down policies starting at about $1000 for the year. Then I tried progressive. I get full coverage less collision for $160 a year. I haven't been with them a full year so I'm not sure if that is some kind of loss leader or something.

I live in Florida where bike insurance isn't required. I wanted something to cover the possibility of theft and also a little liability in case I laid it down on a corner and took out a bunch of kids waiting for the bus.

[drowe531]

Originally Posted by Linuss

I simplified the math a little

$304 for a year, but $37 if done in monthly payments instead of in full. I paid in full.

They deducted $130 from the price by paying in full instead of payments?

[n4mwd]

Originally Posted by csmith12

I open my mail today to find that state farm is cancelling my policy on my new 2010 ninja, due to a speeding ticket in my cage nearly 3yrs ago in 08. Oddly enough the policy for the pregen (1991) is staying in place.

State Farm has gone bad that's why.

I used to have state farm for everything. Then, one by one, I dropped them in favor of a more reputable company.

I switched the car insurance to Geico and saved about $800 a year over State Farm for two cars.

I'm still fighting with them over hurricane Frances (2004) damage to my house that they have not paid. They increased my homeowner's premium to over $3000 a year with a $20,000 deductible. Since the vast majority of claims are for less than that, I dumped them.

At one time I tried to get life insurance with them, but I canceled it when they said that because I was a single guy I would have to submit to an HIV test. Women and married guys didn't have to.

As far as the Ninja quote, State Farm was about 10 times higher than Progressive.

The reason why they kept the old bike and dumped the new one is because if you scratch the old one, they'll total it and the book value is probably less than the premium. And they will probably offer you half of that. Also, people who have an older and newer bike tend to ride the newer one more.

[csmith12]

Ok, so I called up state farm, all is worked out. Due to my length of time with them, they "tried harder" and found a way to keep me insured on both bikes.

After a few quotes though, I am finding that I may end up changing to cheaper rates for the same or better coverage.

This has been a very informative thread.

[Reddoak]

Originally Posted by Vampyre

Same as you but 25k/50k for the BI
and 10K for property.
No roadside assistance.
I am 32 as well.

Where in central FL are you. I am in Orlando. May be trying to get a ride out to Low N Slow BBQ in Cocoa one of these days.
Adding the Uninsured would jump it to 791 or abouts.

Also in Orlando, but not a 250.

2009 ER-6n
38 y.o. male, married, endorsement, no points/tickets, MSF course taken.
BI 10/20
Property damage 10k
Comprehensive and collision $250.00 deductible
Progressive

$238/year

[RhinoJC]

Originally Posted by 09special

I hope you are lying... what kind of horseshit is that??? you could buy a new bike in a year with geico... 2900 is wayyyy to much for a 4k bike...

No joke, and the main reason I still don't have a bike. Although I put enough miles on my neighbors every week that I'll probably try buying it off him when he moves.

I actually talked to Geico on the phone. That 2900 a year is with my GKI discount, MSF discount, and taking into account that I live on a military installation (less likely to be stolen).

When I was on the phone with the guy I jokingly stated they would probably try charging my 6K a year for a 600. "Actually it would be about 5K a year" was his very non sarcastic answer.

The problem with motorcycle insurance is that they aren't required to insure you and there's a lot less competition for motorcycle insurance than there is for auto insurance. Most companies that are willing to insure you will rake you over the coals just because they can. And if you try filing a claim and you haven't paid at least double what the bike is worth, they will find any reason possible to drop you.

[n4mwd]

Originally Posted by RhinoJC

The problem with motorcycle insurance is that they aren't required to insure you and there's a lot less competition for motorcycle insurance than there is for auto insurance. Most companies that are willing to insure you will rake you over the coals just because they can. And if you try filing a claim and you haven't paid at least double what the bike is worth, they will find any reason possible to drop you.

Try progressive or one of the biker only companies. They are the only ones that take bike insurance seriously. Geico doesn't even try with motorcycle insurance. Here in FL bike insurance isn't even required and Geico gave me a ridiculous quote too.

[noobie]

Originally Posted by Reddoak

Also in Orlando, but not a 250.

2009 ER-6n
38 y.o. male, married, endorsement, no points/tickets, MSF course taken.
BI 10/20
Property damage 10k
Comprehensive and collision $250.00 deductible
Progressive

$238/year

I didn't even know they offer limits that low

[clintalmighty]

I pay $58 a month for the 250, with everything except collision, because that makes it double. And I just got quoted $90 a month for a 2009 ZX6R with same coverage...

[CmichRider]

Originally Posted by noobie

I didn't even know they offer limits that low

Limits are different for each state, although I would never feel safe with coverage that low. Michigan auto coverage minimum is 20/40/20 with 1 million in property protection insurance.

[RhinoJC]

Originally Posted by n4mwd

Try progressive or one of the biker only companies. They are the only ones that take bike insurance seriously. Geico doesn't even try with motorcycle insurance. Here in FL bike insurance isn't even required and Geico gave me a ridiculous quote too.

Progressive wants 1900 a year, and that's with a contracted referral program from my insurance company which stopped covering bikes.

[n4mwd]

Originally Posted by RhinoJC

Progressive wants 1900 a year, and that's with a contracted referral program from my insurance company which stopped covering bikes.

Is everything really pricey out there in Hawaii? It could be that progressive only has good rates in the lower 48. I would check with a local independent agent and see if they have any special plans for bikers.

I looked up your state and motorcycle insurance is required. Since its required, they can pretty much charge whatever they want.

[demp]

Originally Posted by Kevin2109

Lol try being an 18 year old male! With his own insurance, and a completely clean record. $1024 a year

lol, 23 and paying 1500 this year, I hate Toronto. If I were in calgary... I'd be paying under 300 bucks.

[TomServo]

I just spoke to a few people at Progressive. I wanted to make sure that I hadn't made a mistake. Again, I'm paying just over $350 / yr for:

BODILY INJURY & PROPERTY DAMAGE LIABILITY - $50,000 EACH PERSON - $100,000 EACH ACCIDENT
PROPERTY DAMAGE LIABILITY - $25,000 EACH ACCIDENT
COMPREHENSIVE - $500 DEDUCTIBLE
COLLISION - $500 DEDUCTIBLE
ROADSIDE ASSISTANCE
UNINSURED/UNDERINSURED MOTORIST - REJECTED

I'm 32, 0 years riding experience, no tickets or claims, and the following discounts applied:

Safety Course
Responsible Driver
MC Endorsement
Homeowner
Multi Policy
Paid In Full

The representatives were also getting quotes around $200 / year for me, but like me when they went to buy the policy it suddenly jumped up to $350-$400 / year. One of them spoke with a supervisor, said (at least in Florida) that there's a problem with the online quotes being generated, and that when the system writes the policy based on the VIN it generates the correct rates.

Hoping it comes down as I gain experience and as the bike ages. $200 of that $350 is collision.

Should also mention that GEICO was stupidly high as well; $1200 / year for collision alone, with a $1000 deductible... on a $3400 motorcycle.

[n4mwd]

Just to state the obvious, but when they ask you how many cc's the engine is, specify 248 NOT 250. The price breaks are at 250cc's. And the Ninja 250 really only has a 248 cc engine.

[money]

Okay, I followed up with my actual insurance agent with the VIN of a bike I'm thinking about buying and made some adjustments to the comp/collision ($250/500) and got a pretty good deal:

2011SE - $150/year

[n4mwd]

Originally Posted by money

Okay, I followed up with my actual insurance agent with the VIN of a bike I'm thinking about buying and made some adjustments to the comp/collision ($250/500) and got a pretty good deal:

2011SE - $150/year

You kinda left out the insurance company name. That's a great price BTW. I'm paying $160 without collision (progressive). Collision is only used if you can't find the guy who hit you so I didn't go for it.

[alex.s]

Originally Posted by n4mwd

You kinda left out the insurance company name. That's a great price BTW. I'm paying $160 without collision (progressive). Collision is only used if you can't find the guy who hit you so I didn't go for it.

i think you might be thinking of "under-insured motorist protection"... which at least on my insurance qualifies for people without insurance, or hit and runs.

[n4mwd]

Originally Posted by alex.s

i think you might be thinking of "under-insured motorist protection"... which at least on my insurance qualifies for people without insurance, or hit and runs.

Nope Collision. Of course collision also pays if you cause the accident yourself, but I don't like to think about that option.

In FL, uninsured motorist protection only pays for personal injury and not the bike itself. In some states it pays for both. I have it too in case I get run off the road by a crazy redneck in a pickup.

[alex.s]

ah you know that makes sense... i'm probably mistaken.

[money]

Originally Posted by n4mwd

You kinda left out the insurance company name. That's a great price BTW. I'm paying $160 without collision (progressive). Collision is only used if you can't find the guy who hit you so I didn't go for it.

My bad, that was in reference to my post on the previous page. It is with Cotton States.

[scotty]

Just changed insurance companies. Was at State farm paying $19 a month with a $1k deductible..Yeah.. I know. wow.. (My wife made the policy)

Now i'm at Progressive where I have had my cars though for over a year now, paying $15 a month, ($180/yr) with a $250 deductible, and I have a muilti car discount, that knocked off $4 a month on my cars. Cool!