Insurance




#1
Can anyone recommend a good insurance company for motorcycles? I turn 19 on the 14th, i found my rate for progressive dropped almost $100 from 18-19yrs old, and its hard to find a good price especially on full coverage.
 
#2
Call every single company you can find a phone number for!

I say this because you will find that the rates vary ALL OVER the map, from company to company, with no apaprent logic.

I am 51 years old, perfect driving record, and my quotes varied from a low of about $673 for full coverage with high coverage limits and a low deductible, to almost $3700 (!!) from one company that was particularly out ot lunch.

The best quote I got (might be very different for you) was from Nationwide Insurance. This was $100,000 / $300,000 / $50,000, with $250 deductibles on both comp & collision, for $673. I heard from a couple of people that they supposedly did better, but when I checked their coverage limits, they were lower limits than what I show above.

I think I would have gotten another few percent off if I had taken the MSF Experienced Rider Course BEFORE I bought the insurance. I took it after, and will ask about a discount upon renewal.
 

Kento-Moto

Hayabusa Immortal
Donating Member
Registered
#3
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Shop, shop, shop... Sate Farm & Progressive have the best rates here, and Gieco has also dropped rates down in recent years. But rates change around the country.
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#4
For example:

23yr old, no tickets or accidents on record:

Progressive with 500 comp 500 collision deductables, minimum 15/30/5, I got a quote of $3997/6 mos.

State Farm matched coverage on my truck (100/300/100, 250 deduct for both comp and collision) on my NEW '01 busa (1 mile) @ $500/6mos.

Catch with state farm is that you must register your car with them, too... Fine with me, they saved me about $250/6mos on my truck insurance.

At 18, you will have lots of trouble getting good insurance. Hell, I didnt get good insurance 'till this year (turned 23).

Oh, and skip Allstate, they dont insure bikes anymore. :hammerhead:

-Tim
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#5
got my insurance through gmac no tickets license for 3 years motorcycle 785 a year ,but a 1.000 deductable.......im 21 and they dont care if u have a car....200 more for a 250 deductable
 

MET

The Watcher
Registered
#6
Shop, each state is different.

In my 40's
No tickets
max coverage

Connecticut $950/ full year.
 

jetset

Registered
#8
You guys are damn lucky you don't live in NJ I'M in my 40's no points $1400/yr with 2 trucks on policy been quoted up to 5600/year.Insurance is off the hook.
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#9
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you guys lucky i'm 17 and my insurance is 3500 a year it sucks but i'm taking the expericed drivers course soon so my insurance might drop i go with geico
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#10
I think im gonna do everything i can to lower insurace, so far i will get the following for discounts:

1. MSF (10% discount, if you havent taken it, do so. some places give 20% discount for taking msf course)

2. Alarm (active ignition disableing)

Anything else i can do to lower insurance before i go witha company?

So far liability coverage is $472/yr , Comprehensive + Collision is $9840/yr, thats over $800 per month, even if i get in a accident it will most likely cheaper to fix it my self. Unless theres extensive engine damage. How much is new plastics ?(I plan on getting a copper set with '02 tank)
 
#11
Honestly guys, if you are under 23 you will most likely get fed the fat one by the insurance companies if you want anything but liability.

Sad truth.
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#12
geez

lowest i could find is 7600/yr

im 18
turn 19 in...wow 5 days lol

highest i found was over 11000 a yr

well screw that u can get a bad ass new busa every year for that

insurance is like the only thing holding me up from gettin one yet

oh well
im patient enough i can last

(for a lil while longer lol)
 
#13
insurance is 1200 a yr for full coverage. I checked most places and went to an independent small dealer who checked his sources..... and i've got 3 points on my license for an at faualt accident with another accident reported that wasn't my fault. The insurance agent informed me that once you move beyond a 750 on sportsbike insurance rates go up drasticly..

However, mine was pretty much the same from 600/750/1300cc .I'm hoping its less when my points are removed

dez
 

Curt

Registered
#14
23 yrs old, 2 speeding tix last 2 yrs
* all quotes are for a year, not 6 months
$460CDN minimum coverage (PLPD or somethign)
didn't even ask how much full coverage was
$300CDN minimum coverage for my katana 750
$1500+CDN full coverage

but i think those numbers r real good seeing as my civic is $2200CDN minimum coverage, again, didn't ask how much full coverage was. altho my insurance rates would go down if i had continued coverage on the civic, i save too much driving the bikes all spring/summer/fall and only driving the car in the winter.
 
#15
WOOHOO!

Many of you know I don't own yet, but I'm a big fan of the Busa, and am working towards getting one very soon.

I just got off the phone with my homeowner's insurance, and she quoted me $304.00 per year, COMPREHENSIVE coverage!

Sometimes, it pays to be old. Yes! The things I got goin' for me are: I'm 34, married, own a house with the same insurer, have the car covered with the same insurer.

You gotta love it.

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Kento-Moto

Hayabusa Immortal
Donating Member
Registered
#16
My newest quote from State farm is $71.00 / 6 mos liability only. Comp is another $123.00 / 6 mos

I think I'll go self insured on the collision. If I wreck it better be someone elses fault or if I was dumb enuff to crash on my own I better be willing to eat it. $11000 - Just my opion ... and I know more about my opinion than anyone - Kent
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#19
35 year old fart, no tickets. 410 for full coverage with Farmers on my '02. Used to have State Farm until I tried to make a claim...Never hope you need to make a claim with those idiots!!
 

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