September 23rd, 2012, 09:27 PM | #1 |
Ninja Noob
Name: Craig
Location: Norwalk, CT
Join Date: Jul 2011 Motorcycle(s): 2008 Ninja 250R Candy Plasma Blue Posts: 128
|
seasonal insurance shuffle
This question is for those in the upper states that have a real winter. When you put your bike away for winter storage and have zero intention of riding it until the spring, do you change up your insurance coverage? (ie drop the coverage level since it's just sitting in a garage, and then raise it back up in the spring before you bring it back out).
|
|
September 23rd, 2012, 10:05 PM | #2 |
The Violet Vixen
Name: Yakaru
Location: Issaquah, WA & Las Vegas, NV
Join Date: Jun 2012 Motorcycle(s): Perigee (250), Hotaru (250), Saturn (300), Pearl (300), Zero (S1000RR), Chibi (Z125), Xellos ('18 HP4R) Posts: A lot.
MOTM - Jun '16
|
In my area it's 12 months a year riding season, but one thing I have done before is called my insurance company and declared a vehicle "Not in Service"; it makes most coverages drop to the legal minimums with a few discounts because it's not being used at all. Don't know if that's possible with all states/insurance carriers but it is handy -- especially because reinstating later is just a matter of another phone call and all the previous coverages are restored.
|
|
September 24th, 2012, 05:28 AM | #3 |
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 recently asked my insurance company (American Family) about this as I've got a motorcycle I'm working on and probably won't ride anymore this year, but I still wanted to keep it insured for threft/fire. Their response was that they don't do a Storage Type insurance, but the premium they do charge for the year is actually priced to the equivalent of 8 months, because of our seasons in Wisconsin.
|
|
September 24th, 2012, 08:50 AM | #4 |
ninjette.org certified postwhore
Name: Jay
Location: CT
Join Date: Apr 2011 Motorcycle(s): 2015 636 ABS - 69 Honda 305 Posts: A lot.
|
i drop mine down to liability since the bike is paid for. Granted i still take the bike out during the winter when a nice day pops up since i dont do any general winterization on the bike, so i ride it about 5 miles every 2-4 weeks. Its kept in a garage and not outside otherwise. It brings the insurance down about half. My gfs bike isnt paid off though so it requires the full insurance regardless, even though she doesnt ride the bike all year...
|
|
September 24th, 2012, 11:49 AM | #5 | |
sail away
Name: Jon
Location: San Jose
Join Date: Jul 2012 Motorcycle(s): gixxer (sold), ninjette (upgrade!) Posts: 964
Blog Entries: 8
|
Quote:
|
|
|
September 24th, 2012, 12:01 PM | #6 |
hates stupid people
Name: Mark
Location: Oklahoma City
Join Date: Aug 2011 Motorcycle(s): 2005 ZX6R Posts: 860
|
Don't know if it's an option for motorcycle coverage but we have an option for our car to put the vehicle into 'parked' status. Payments drop significantly. You can use it like twice a month but have to call them beforehand so they're aware.
__________________________________________________
My vlogging channel: Ma1iciousLogic |
|
September 24th, 2012, 12:03 PM | #7 |
The Violet Vixen
Name: Yakaru
Location: Issaquah, WA & Las Vegas, NV
Join Date: Jun 2012 Motorcycle(s): Perigee (250), Hotaru (250), Saturn (300), Pearl (300), Zero (S1000RR), Chibi (Z125), Xellos ('18 HP4R) Posts: A lot.
MOTM - Jun '16
|
Yep, that's exactly like what I was talking about earlier. Worked well while I was out of state for a few months; this was before I got my bike though.
|
|
September 24th, 2012, 12:06 PM | #8 |
my hair matches my bike
Name: Tiffany
Location: Greater Pittsburgh Metropolitan Area
Join Date: Apr 2011 Motorcycle(s): 2010 Red 250r Posts: 411
|
My insurance is priced for our climate.
|
|
September 25th, 2012, 01:12 PM | #9 |
ninjette.org sage
Name: Benji
Location: Wadsworth, IL
Join Date: Aug 2011 Motorcycle(s): 2009 Ninja 250r (Sold), 2009 FZ6, 2015 Honda Grom Posts: 898
|
I'm not sure who you have as your insurance provider. But Progressive prices your insurances based on where you live. So I just keep my bike insured all year around here in Chicago.
|
|
September 25th, 2012, 02:08 PM | #10 |
So, where's the reverse?
Name: Anson
Location: Ontario, Canada
Join Date: Nov 2010 Motorcycle(s): 2009 Kawasaki Ninja 250R Posts: A lot.
|
If your policy is rated on a seasonal basis, I'm gonna guess that dropping coverages to fire and theft during the winter months will have very little to no cost savings. Some places may not even allow that so best to call your agent/broker.
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
[motorcycle.com] - Does usage-based insurance (or pay as you drive insurance) work fo | Ninjette Newsbot | Motorcycling News | 0 | October 9th, 2013 02:50 PM |
[ama directlink] - Change in Dates of Seasonal Closure of Public Land: Bald Ridge Are | Ninjette Newsbot | Motorcycling News | 0 | September 17th, 2013 09:10 PM |
[topix.net] - Seasonal celebrations | Ninjette Newsbot | Motorcycling News | 0 | November 20th, 2011 11:51 PM |
[topix.net] - Harley-Davidson's motorcycle shuffle in Sturgis | Ninjette Newsbot | Motorcycling News | 0 | April 20th, 2010 06:30 AM |
[motorcycle.com] - AMA-SX rivals in sponsorship shuffle | Ninjette Newsbot | Motorcycling News | 0 | January 9th, 2009 12:24 PM |
|
|