Insurance questions - Chicagoland Sportbikes
Chicagoland Sportbikes
 
View Poll Results: What kind of Insurance Coverage do you have and what is the value of your bike.
No Coverage - Ridin' Dirty yo! 1 0.89%
Liability Only - Bike worth <$2,000 USD 2 1.79%
Liability Only - Bike worth $2k-5k USD 11 9.82%
Liability Only - Bike worth >$5k+ USD 10 8.93%
Full Coverage - Bike worth <$2,000 USD 0 0%
Full Coverage - Bike worth $2k-5k USD 33 29.46%
Full Coverage - Bike worth >$5k+ USD 55 49.11%
Voters: 112. You may not vote on this poll

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post #1 of 42 (permalink) Old 06-15-2009, 03:47 AM Thread Starter
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Insurance questions

Poll asking about your insurance coverage and value of your bike.

If you have multiple bikes, answer for whichever streetbike you ride most often.

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post #2 of 42 (permalink) Old 06-15-2009, 04:25 AM
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this is really an age thing more than anything. u get murdered on comp and collision if you're young. they really give no choice.

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I agree completely with Steve (nouseforaname)
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post #3 of 42 (permalink) Old 06-15-2009, 12:27 PM Thread Starter
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Quote:
Originally Posted by nouseforaname View Post
this is really an age thing more than anything. u get murdered on comp and collision if you're young. they really give no choice.
Not really, depends more on driving record than age. My full coverage on a 600cc I4 sportbike when I was 24 was $400+/- from Progressive.

Besides, I'm trying to gauge how people approach insurance, do you get a cheaper bike that you can fully insure or buy some new hot shit bike and run the risk of losing it all?

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post #4 of 42 (permalink) Old 06-15-2009, 12:42 PM
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Quote:
Originally Posted by SmartDrug View Post
Not really, depends more on driving record than age. My full coverage on a 600cc I4 sportbike when I was 24 was $400+/- from Progressive.

Besides, I'm trying to gauge how people approach insurance, do you get a cheaper bike that you can fully insure or buy some new hot shit bike and run the risk of losing it all?
when i got my 929 i was 17 and had a clean driving record. my quotes were in the $3000 range. liability was like $300. i didnt want to go liability only on a brand new bike but what could i do? and they hardly went down as i got older. other riders i know had much cheaper rates like u. i dunno im just fucked when it comes to insuring the bike for some reason.

and yeah i shopped around

"Why are all these people here? There are too many people on this earth. We need a new plague…"

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I agree completely with Steve (nouseforaname)
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post #5 of 42 (permalink) Old 06-15-2009, 12:51 PM Thread Starter
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There are a lot of factors here that Actuaries get paid good money to figure out. I know firsthand that the 600cc to Literbike insurance jump is HUGE. Liability is cheap because your bike doesn't weigh all that much, it's usually responsible for less damage than a car.

The insurance age break starts at age 25, before then, it's negligible if at all.

I'm 27 now with a clean record and I'm still getting quoted $3k from some companies for full coverage. Obviously that's ridiculous, but if I couldn't get get full coverage at a decent rate, I would have switched to a 600.

Quote:
Originally Posted by nouseforaname View Post
when i got my 929 i was 17 and had a clean driving record. my quotes were in the $3000 range. liability was like $300. i didnt want to go liability only on a brand new bike but what could i do?
Buy a cheaper/slower/older bike...

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post #6 of 42 (permalink) Old 06-15-2009, 05:14 PM
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What coverages??? 100/300/50 or the legal minimums, everybody keeps saying full coverage...what about the liability limits???
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post #7 of 42 (permalink) Old 06-15-2009, 05:18 PM
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I've got an old bike, 99 R6 and I'm in my mid 30's so my coverage is only about $360/yr for what could be called full coverage.

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post #8 of 42 (permalink) Old 06-15-2009, 05:33 PM Thread Starter
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Originally Posted by RERM View Post
What coverages??? 100/300/50 or the legal minimums, everybody keeps saying full coverage...what about the liability limits???
I'm not asking for specifics, what I'm going for here is if you crash your bike by your own fault and you choose to claim in on your insurance, will they pay you out for the bike, that's what I'm meaning by full coverage.


Can one of you 4 in the Liability - $5k+ category explain your reasoning behind the bike you own and your level of insurance? Do you really feel that you're better off with a $300 insurance payment and the risk of losing your bike? I couldn't handle riding with that kind of risk, I'd be too nervous to get on the bike.

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post #9 of 42 (permalink) Old 06-15-2009, 05:37 PM
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what are u guys with the liter bikes that are in the mid twenties payin for full coverage? deductible? company?

"Why are all these people here? There are too many people on this earth. We need a new plague…"

"Thats it, nobody gets out of here alive."

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I agree completely with Steve (nouseforaname)
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post #10 of 42 (permalink) Old 06-15-2009, 05:42 PM Thread Starter
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Quote:
Originally Posted by nouseforaname View Post
what are u guys with the liter bikes that are in the mid twenties payin for full coverage? deductible? company?
$600ish - $250 deductible - State Farm

$500 deductible brought it down to $575, wasn't worth the jump.

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post #11 of 42 (permalink) Old 06-15-2009, 05:48 PM
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Quote:
Originally Posted by SmartDrug View Post
$600ish - $250 deductible - State Farm

$500 deductible brought it down to $575, wasn't worth the jump.
im gonna call my agent and see what he says. ive gone 9 years with just liability. i think i might upgrade if i get a reasonable rate.

"Why are all these people here? There are too many people on this earth. We need a new plague…"

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post #12 of 42 (permalink) Old 06-15-2009, 05:54 PM
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I pay $276.00 annually for full increased coverage on my bike which is K8 gixxer 600.

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post #13 of 42 (permalink) Old 06-15-2009, 06:06 PM Thread Starter
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Quote:
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im gonna call my agent and see what he says. ive gone 9 years with just liability. i think i might upgrade if i get a reasonable rate.
Here's my agent if you're thinking about switching, she hasn't steered me wrong yet:
http://www.michelletwitchell.com/

Brian
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post #14 of 42 (permalink) Old 06-15-2009, 06:07 PM
 
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I still don't get how you older folks have such high premiums even if your record isn't THAT spotless. I have two buddies who are 20 years old..full coverage on newer sportbikes(600R's) that's about $600 a year for full coverage. I hear of guys on here paying double and add 10 years age.
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post #15 of 42 (permalink) Old 06-15-2009, 06:26 PM
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Quote:
Originally Posted by SmartDrug View Post
Here's my agent if you're thinking about switching, she hasn't steered me wrong yet:
http://www.michelletwitchell.com/
Question is did you hit it?


Quote:
Originally Posted by IrockSV View Post
I still don't get how you older folks have such high premiums even if your record isn't THAT spotless. I have two buddies who are 20 years old..full coverage on newer sportbikes(600R's) that's about $600 a year for full coverage. I hear of guys on here paying double and add 10 years age.

Not sure about that either. I'm not even over $300 a year for full coverage and I had a totalled bike and few collisions(with car)

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post #16 of 42 (permalink) Old 06-15-2009, 06:29 PM Thread Starter
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Quote:
Originally Posted by Eugene View Post
Question is did you hit it?
Not yet... if I can refer a few more clients to her though, it may help my chances.







Quote:
Originally Posted by SmartDrug View Post
There are a lot of factors here that Actuaries get paid good money to figure out. I know firsthand that the 600cc to Literbike insurance jump is HUGE. Liability is cheap because your bike doesn't weigh all that much, it's usually responsible for less damage than a car.

The insurance age break starts at age 25, before then, it's negligible if at all.

Quote:
Originally Posted by IrockSV View Post
I still don't get how you older folks have such high premiums even if your record isn't THAT spotless. I have two buddies who are 20 years old..full coverage on newer sportbikes(600R's) that's about $600 a year for full coverage. I hear of guys on here paying double and add 10 years age.

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post #17 of 42 (permalink) Old 06-15-2009, 06:40 PM Thread Starter
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I decided to get 3 quick quotes from Progressive, these are for a 27 year old male with no violations who owns his own house and has taken a safety course within 3 years:

2008 Street Triple:



2008 GSXR-600:



2008 GSXR-1000:


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post #18 of 42 (permalink) Old 06-15-2009, 06:57 PM
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If it didnt cost me over 2 grand more over liability to full coverage I would in a second get full. The price jump for me from liability to full is thousands more. Im also 21 and I heard thats the reason why. Spotless record but that doesnt matter.

2008 Suzuki gsx 650f.

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post #19 of 42 (permalink) Old 06-15-2009, 07:05 PM
 
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over 5 grand? that's insane.
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post #20 of 42 (permalink) Old 06-15-2009, 07:22 PM
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Quote:
Originally Posted by michowski View Post
If it didnt cost me over 2 grand more over liability to full coverage I would in a second get full. The price jump for me from liability to full is thousands more. Im also 21 and I heard thats the reason why. Spotless record but that doesnt matter.
When I was 21 probably even younger, my first bike was a 94 or 96 ZX7(can't remember the year) I was paying $50.00 per month for full coverage. Of course this was back in 98.

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post #21 of 42 (permalink) Old 06-15-2009, 07:47 PM
 
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I've always trusted my riding abilities to NOT get full coverage. Never been down, don't plan on it. Liability FTW!

Last edited by IrockSV; 06-15-2009 at 07:50 PM.
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post #22 of 42 (permalink) Old 06-15-2009, 07:48 PM
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~$480 a year. Coverage limits 500/500/500, $100 deductible, 25 years old, bad record
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post #23 of 42 (permalink) Old 06-15-2009, 08:03 PM
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Quote:
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I've always trusted my riding abilities to NOT get full coverage. Never been down, don't plan on it. Liability FTW!
That seems to me like a VERY foolish, and ignorant statement. I don't plan on going down, again, but shit happens and I am going to be prepared. Do you wear a helmet? Jacket? Based on your statement there is no need for that, just trust your riding abilities and wear sun glasses and a wife beater.

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post #24 of 42 (permalink) Old 06-15-2009, 08:07 PM
 
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That seems to me like a VERY foolish, and ignorant statement. I don't plan on going down, but shit happens and I am going to be prepared. Do you wear a helmet? Jacket? Based on your statement there is no need for that, just trust your riding abilities and wear sun glasses and a wife beater.
Haha! I was joking but I really haven't been down ever since I first hopped on a 2 wheeled machine which was 6 years ago or tipped one over for that matter. Clearly, if one can afford it, full coverage is the way to go. I'm still amazed at the number of riders go down on here who are all about gear/technique. I think people over analyze situations. All motorcycles take is a common sense and paying attention, but, then again, I suppose people lack in both of these areas except when broadsided by a vehicle/cut off! haha! I used to not wear gear, hell when cruising around town I'll still just wear a helmet + gloves if the weather is right. Squid behavior? Possibly. Have I been down? Nope.
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post #25 of 42 (permalink) Old 06-15-2009, 08:11 PM
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I worked with a guy who had been riding 20+ years before he went down for his first time. Some kid decided to run out in between cars across a 4 lane major road and my buddy hit her head on and skidded on his back for about 100+ yards into on-comming traffic. He only ended up with a little bit of road rash cuz he was wearing gear. Granted, a helmet wouldn't have probably done much if he were to have been struck by one of those on comming cars, but his leather helped him a lot.
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post #26 of 42 (permalink) Old 06-15-2009, 08:31 PM
 
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But, I don't ride anymore. So, basically I've just been trying to stir the pot. I'm out of here.
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post #27 of 42 (permalink) Old 06-15-2009, 11:00 PM
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After State Farm covered the loss of the 675, my next bill had a discount for "safe driver". Lulz.
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post #28 of 42 (permalink) Old 06-15-2009, 11:07 PM
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Quote:
Originally Posted by SmartDrug View Post
Here's my agent if you're thinking about switching, she hasn't steered me wrong yet:
http://www.michelletwitchell.com/
thanks

"Why are all these people here? There are too many people on this earth. We need a new plague…"

"Thats it, nobody gets out of here alive."

Quote:
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I agree completely with Steve (nouseforaname)
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post #29 of 42 (permalink) Old 06-16-2009, 12:05 AM Thread Starter
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Quote:
Originally Posted by IrockSV View Post
I've always trusted my riding abilities to NOT get full coverage. Never been down, don't plan on it. Liability FTW!
Quote:
Originally Posted by IrockSV View Post
Haha! I was joking but I really haven't been down ever since I first hopped on a 2 wheeled machine which was 6 years ago or tipped one over for that matter. Clearly, if one can afford it, full coverage is the way to go. I'm still amazed at the number of riders go down on here who are all about gear/technique. I think people over analyze situations. All motorcycles take is a common sense and paying attention, but, then again, I suppose people lack in both of these areas except when broadsided by a vehicle/cut off! haha! I used to not wear gear, hell when cruising around town I'll still just wear a helmet + gloves if the weather is right. Squid behavior? Possibly. Have I been down? Nope.
Famous last words man, hope this works out for you.

I'll have cash for your SV650 after the fact.

Brian
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post #30 of 42 (permalink) Old 06-16-2009, 01:13 AM
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Quote:
Originally Posted by Pocket Rockets View Post
~$480 a year. Coverage limits 500/500/500, $100 deductible, 25 years old, bad record
What company?...what bike?
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