Motorcycle insurance

Discussion in 'OT Driven' started by RyeLou, Apr 15, 2009.

  1. RyeLou

    RyeLou OT Supporter

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    Esurance quoted me $6,481 for a year for a '06 R6. Progressive quoted me $2,241 for a year. I'm 25. I have two "minor violations" (85 in a 70, and 15 over). One was a year ago, the other was two years ago. I figured even with the tickets it wouldn't be too bad. What gives? Is it just the type of bike or what?

    :wtf:
     
  2. Junkie

    Junkie re-tarded OT Supporter

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    how long have you been riding for?

    full coverage on a sprotbile will always be expensive.
     
  3. mtnbikekid08

    mtnbikekid08 Aime-moi moins, mais aime-moi longtemps

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    New rider?
     
  4. RyeLou

    RyeLou OT Supporter

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    Yes.

    Edit: Not that I have to mention it, but that is full coverage. I'd probably just get PLPD since I'd primarily be using my car for commuting still.
     
    Last edited: Apr 15, 2009
  5. Subie Driver

    Subie Driver Eye see what you did there.

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    Holy crap, that's a lot of money! My bike, 1984 Honda Magna V65, costs me $180/year for full coverage, $15/mo! Hell, my car only costs $900/year! You need to shop around, those numbers are crazy high! Especially that Esurance quote, that's $540/mo, you could buy a pretty sweet car for that.
     
  6. Eviloliv3

    Eviloliv3 New Member

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    my '07 FZ6 is under $500 per year

    full coverage

    25, no tickets

    multi vehicle discount
    safe driver discount

    State Farm
     
  7. Matt550

    Matt550 New Member

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    :werd:

    I also have a 2007 FZ6

    Insurance with a ticket on my record, is $21 a month. Full coverage, $100 deductible.

    State Farm also.

    I also got a quote for a R6, and it was about the same, just a few $ more.

    New rider also.
     
  8. Eviloliv3

    Eviloliv3 New Member

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    either that doesnt sound like full coverage, or im getting shafted
     
  9. apman0000

    apman0000 OT Supporter

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    2 grand for insurance lmao.
    i'd sell the damn bike if that's the cheapest insurance i could get.
    i pay a few hundred a year for a bike worth much more money, but obviously not as much speed (it's a harley) and i'm in my 30's

    2 grand,,,,eek

    if i remember correctly i paid about $500 a year for my 1988 hurricane (600 cc sportbike) back in 1992 when i was a teenager.
     
  10. Matt550

    Matt550 New Member

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    I'm also 30, don't know if that matters with rates or not. I defenitly have full coverage.
     
    Last edited: Apr 15, 2009
  11. Raider007

    Raider007 om nom nom nom

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    I have State Farm on my bike and it's cheap (full coverage etc)... $30/month..
    try State Farm... they're cheap as long as your record is good... but since you have 2 tickets, they might ding you, but it still might be cheaper than that others
     
  12. RyeLou

    RyeLou OT Supporter

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    I won't end up going with full coverage. I would buy the bike every two years at the best rate I could find...which is still unreal.

    If anything I'll pay cash and take out a small personal loan for the difference and just get pl/pd.
     
  13. Coottie

    Coottie BOOMER......SOONER OT Supporter

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    You really need to post the limits of your coverage and your deductibles.

    Comparing price without comparing limits and deductibles is totally meaningless. Why? Because you can get very low insurance rates with shit limits or sky high deductibles. That policy might work for you but not for the OP.

    I also noticed that most people just post full coverage and leave it at that. Thing is, full coverage only relates to comp and collision but doesn't mean anything about the limits of your coverage. For example, I had full coverage on a car that had 10/20/10 limits then got into a very serious accident. Had it been my fault, I would have been HOSED because my limits were so small and it was a really bad accident.

    Bottom line....everyone has different needs/wants for insurance coverage. The policy premium should not be the only determining factor in choosing a policy.

    Another thing to consider for bikers is uninsured motorist coverage. Why? Well in Oklahoma and other states, uninsured coverage also means underinsured coverage. So if someone causes a crash and I'm injured and my bike fucked and they either don't have insurance or really low limits, then my insurance kicks in to keep me from having to pay out the ass. Yes it adds to your monthly premium and sometimes it's significant....however, it will be invaluable should I need it.
     
    Last edited: Apr 16, 2009
  14. philcasi

    philcasi OT Supporter

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    $30/month with state farm. 04 r6 with 2 riders
     
  15. Raider007

    Raider007 om nom nom nom

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    50/100/50
    comp/collision
    uninsured motorist
    $500 deductible
    2008 ninja 250r
    first bike, new rider
    was 27 when i got it, no tickets
    $30/month State Farm

    also have heli-flightcare through another party for $25/year (just incase my insurance can't cover all of it) that basically covers most of cali/oregon/washington/idaho/nevada/wyoming
     
  16. Coottie

    Coottie BOOMER......SOONER OT Supporter

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    That's awesome.....thanks! I gotta talk to my agent. lol

    How much uninsured motorist coverage do you have? That shit is what's prolly jacking my rates up.
     
  17. Matt550

    Matt550 New Member

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    My limits and coverage are.

    2007 FZ6, new rider, 30 years old.

    100/300/100
    comp/collision
    $100 deductible

    $234 a year with state farm, I had a ticket when I got the policy, but it went off my record last month.

    I thought I had uninsured motorist coverage but im not seeing it on my statement, I better call my agent.
     
  18. Frequency

    Frequency New Member

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    2 Things...
    #1 - Esurance is just a reseller of policies underwritten by progressive.
    #2 - The bold is why you are paying so much

    Currently I ride an 05 Lighting, full coverage, $100 deductible, can't recall limits off the top of my head but they are mid level and more than sufficient for a bike and i pay $300/yr with progressive
     
  19. Phx Cobra

    Phx Cobra OT Supporter

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    My 05 R6 is like 90/mo for liability only at like 50/100. :hs:
    Full coverage is above 600/mo. :eek3:
    I however have 4 items on my record in the last 3 years.
    Progressive also, but I am 22.

    with the 2 tickets, I am not surprised they want that much from you. That is pretty low actually(from progressive, fuck esurance)
     
  20. Subie Driver

    Subie Driver Eye see what you did there.

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    I don't remember all the numbers, but the main stuff is:

    1984 Honda Magna V65 VF1100C
    $250 collision deductible
    $100 comp deductible
    col/comp
    Even got extra medical coverage, don't remember how much, though.

    I'm married, 35, clean record, multicar discount.

    Basically, it's actually better coverage than on my car, since my car is $500 deductible and no extra medical. One of the reasons it's so low, I'm sure, is that it's a 25 year old bike worth about $2500, but it's still a lot of bike.
     
  21. CantDrv55

    CantDrv55 New Member

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    As others have shown, State Farm is about the best in regards to bike insurance. R1 Forum had a thread about this and the guys with good prices were all either old farts or had State Farm. I pay $600/yr for my '08 R1 with increased medical through State Farm, but I have 3 cars and life insurance through them also so that helps.
     
  22. JoeDirte

    JoeDirte OT Supporter

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    state farm told me ~$30 month for an '04 r6
    i have another vehicle and life insurance through them though
     
  23. RyeLou

    RyeLou OT Supporter

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    State Farm just told me no with my two tickets. Progressive was $248/year for the minimum required by Michigan.
     
  24. XR250rdr

    XR250rdr OT Supporter

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    It won't be so expensive if you get a more reasonable first bike.
     
  25. Guvnor

    Guvnor NYM3 and Me

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    I pay $434 a year FULL COVERAGE, 12 months for my 07 zx10r and $397, same coverages for my 07 GSXR-1000 w/ $500 deductible. I pay $3 a month for my 07 CRF450R...$250 deductible.
     

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