Hayabusa insurance = wtf?

[Bluesun]

Wtf am I doing wrong here? I'm all geared up to sell my 929 and buy a hayabusa. My current insurance is about $30 a month. Then I get hit with this quote from Progressive and a similar one from Geico. They want >$200 a month to insure a bike that is only worth like $10k? In what universe does that make sense. Who in the hell would pay that!? I'm almost 30 years old and have a squeaky clean record and good credit. What the hell?

I drive a semi expensive car, and even that is only $70 a month for very good full coverage...

 

[jwcfbd]

call State Farm. They are the only one that doesn't care what you ride. They only want to know how much it will cost to replace it if need be.

 

[07busa07]

I have geico with full coverage on mine. I'm 31 and its 500 for the year but I have state minimums.

 

[mr8ball]

I was paying 975 a year when I first got mine. I was 50 at the time. The next year I went to State Farm and it went down to 225 a year. Of course I had to put all of my cars with them to get that rate but it was well worth it. I know its a big age difference but its worth looking into. Best of luck

 

[sixpack577]

Let me know when you find out, it's all total BS.
I'm 36, no tickets in over 10 years, class A CDL, motorcycle license for 14 years, good credit...what else does it take?
My 08 Busa was $94 a month, and Geico was the cheapest. State Farm is what everyone says, yet it doesn't apply to everyone, who knows why.
In 02 I had a new gsxr1000, I was 25.
My friend had a new ZX9, he was 21.
Statefarm for him....$29 a month, full coverage!!!! I wouldn't have belived it had I not seen the policy.
Their quote for me...$6500 a year. Yeah, WTF?!
To date, Statefarm isn't much better for me.
I now have an 08 B-King, $45 a month full coverage, through Progressive.
It seems to me that Insurance companies roll the dice and decide how bad they want to screw you over.
Good luck with it.

 

[BoostCreep]

Bluesun - off topic, confused about the 'kanji' you have on your avatar... What language is that? Sun 日 makes sense obviously but the first Kanji I have never seen. I've actually never seen that middle, right radical.

 

[majestic12]

Sixpack you are still getting raked over the coals. I have full coverage for the same price as your state minimums, I am guessing it is liability and under-insured motorists.

I have met life. According to their risk calculator I was uninsurable due to the fact I was under 35 with a displacement over 1200 cc's. Here in idaho they still hold it against you until you are 35 .

 

[sixpack577]

Sixpack you are still getting raked over the coals. I have full coverage for the same price as your state minimums, I am guessing it is liability and under-insured motorists.

I have met life. According to their risk calculator I was uninsurable due to the fact I was under 35 with a displacement over 1200 cc's. Here in idaho they still hold it against you until you are 35 .

I know I am, but I give up.
I don't know who or where else to call.
I have no clue why I always get raped by insurance companies.
In 21 years of driving I've filed 2 claims, both for hitting deer and both around 15 years ago.
Makes no sense to me.
I HATE insurance companies!

 

[sinister13]

Try State Farm..


I pay $90 a month for higher limit full coverage, $500 deductible, bike is brand new '13, and I'm only 27 with a clean record as well

 

[TallTom]

I also switched to State Farm from Gecko. When I went to State Farm I had not made a claim in over 15 years. I have no tickets and excellent credit. Something has now snakebit me. I dropped my Busa in the garage 5 weeks after switching to them. Had to fight a little bit to get the valuation battle won for the repairs but they came around. A year later I had a 10 MPH go down when I hit an oil spill in front of me. Again they fought a bit but my bike was made like new. No raise in rates. Now 3 months ago, my truck at work, with me not even in it, got damaged by a tornado we had. They paid out but warned me.

I just bought a new Toyota Avalon. It is running me $1200 a year! More than all my other vehicles combined!! I know its about dollars and cents. They have paid out a LOT more than they have taken in with me. I know its a business......but damn.

They nicely said I may want to shop around now. Kinda sucks because my rates were GREAT compared to everyone else going into this.

 

[brumanchu]

It's not just the motorcycle and age that determines the rates.
If you have multiple cars, homeowners, etc., you get much more favorable rates.

My 'busa is ~$600/yr full coverage with the above conditions through Farm Bureau Ins. He advised without those conditions, I would be paying thousands due to the amount of risk they take insuring bikes.

Just my experience.