Plenty of people claim to have been quoted $8,000 to 11,000 a year to insure a Busa. It's the insurance company's way of telling you to F-OFF. A few flat out told me they don't insure that type of bike, maybe in FL it's a law that they have to give you a quote so they just go on the assumption it will be totalled out within the first year.
Personally I don't think insurance companies are out to rape people. For $400 bucks a year my Busa is fully covered and anybody I hit will be covered for $300,000.00. Not a bad trade off imo.
Now what if Hayabusa.org started its own legit Busa insurance company. Members join up to this company and become part owner. You have a membership fee along with your yearly premium...just like a Co-Op. Since you're part owner, anything anyone else does will affect your company and your premiums.
Who here would want to give a low rate to a
19 year old kid on a
BUSA who already has 2 tickets and an accident?
I like selective insurance companies that weed out high risks so my rates stay low and State Farm seems to to a pretty good job at it.
The company that covers my Stingray and CXTs is incredible. They won't insure anyone under the age of 25. If you have a licensed teenager living in your household they will NOT insure you. No garage? No soup for you! Bad credit rating, DUI, wreckless or multiple tickets HAHAHA!
In return I have extremely high
agreed values on each vehicle (no blue book or depreciation BS), $300K $300K $300K liability limits. Spare parts coverage, road side assistance and flat bed towing,
ZERO $ deductible. As the market values go up they give you the option of increasing your agreed value. I'm paying about $290 a year total for all three vehicles. You only pay liability on the initial vehicle, all others added to policy never add to the liability charge. If I decided to add a nice $20,000 Chevelle SS it would probably raise my policy by $100 a year.
I wish a company like that existed for regular cars and motorcycles.