Auto/motorcycle Insurance

[Cperry3954]

Hey guys. I've been looking into insurance for the bike I'm wanting to get but ask I'm getting quoted is ridiculous. Like $250-300 a month for 2013-2015 600-750cc sport bikes. The gixxer 750 for example. So I'm just curious about you're experience with different providers. And if you don't want to get into personal details about what you pay that's fine, I'm just trying to figure something out so I can get on two wheels!

 

[SighBored]

Not sure about your country/area, but insurance premiums are based on the vehicle category. Sportbikes are the highest to insure because these are the ones that get stolen/crashed the most often, so it is higher risk for the insurance company to insure.

If you were to look at bikes in lesser risk categories the cost to insure would be less.

 

[Arctic Pride]

What kind of coverage are you trying to get? Have you had previous road incidents (speeding, accidents e/t/c?) Your age is also a factor...

I would advise shopping different providers as well.

 

[Clint Love]

Biggest factor is your age. Profile info says you're 24, so that's part of it. When you're 34, you'll see a marked improvement.
Next biggest factor is driving history. If you've had accidents or tickets it will drive up the cost.
Next, as others have mentioned is the type of bike. Sport bikes can be like 5x the cost of cruisers with the same size engine, depending upon the state you live in. My Triumph cruiser was $175 a year. My Ducati Superbike is $500 a year. Some companies wanted over $700 for the same coverage.
Next is the state in which you live. In Virginia, my insurance was easily double what it was for the same bike in Texas
Next is the age of the bike. new bikes cost more to insure than ones, say, 5 or more years old.
Also take into account your zip code. Areas with higher incidents of accident and theft can drive up your cost, even though it has nothing to do with you personally.

It can vary from company to company, so shop around. Progressive, Geico and Allstate usually have competitive rates. Farmers, State Farm and Nationwide are usually high as fuck, at least in my experience. If you can find an independent insurance broker, they can shop multiple companies for you including some lesser known ones. It's been a while since I was young but I recall Dairyland being cheap back then.

 

[Cperry3954]

Sorry about the delay, I'm out of town on vacation. I'm in Texas, dfw area. I do have one at fault accident on my record from early 2014. So far I've looked at progressive, Allstate, nationwide (current auto insurance) and dairy land( won't insure me at all since I have led than 2 years riding exp). Thanks for the advise guys! Most likely will go with progressive and settle for an older sport bike for now. Not a huge fan of cruisers and all of my friends I'll be riding with have sport bikes . Now I'm just waiting until I have the money for the bike!

 

[CrimsnBkRR]

My Insurance is like $50 a month for full insurance...

 

[Pigs]

Age also plays a pretty big factor.

Im 18, no tickets, no accidents, 2008 kawasaki zx6r paying $700 a year for comprehensive with nationwide. $300 dollars a month for a very newish supersport for full coverage seems about right.

There is such a bigger category of sport bikes as well, fz-07, sv650, ninja 650 all fit into this sport category and the cost of the bike + the cost of insurance will be considerably cheaper than a 600/750 supersport.
Also, the older the bike, the more likely the insurance would be cheaper as well.

 

[chix]

Female, 28, clean record, full coverage on 2015 Grom and 2014 Duke 690 for $81 a month. Progressive was cheaper with better coverage than Geico, which I was paying $101 a month for.

 

[40Yrold]

The companies I shopped around with before i locked in full coverage with Rider Insurance
2006 GSXR 750
full coverage $1000 deductible
standard liability limits.

1. Progressive, $980 per year. but they give better coverage for rental bikes etc.
2. state farm 890 per year ,
3. Rider insurance $592 per year.

I had one moving violation on my record
but otherwise licensed from age 17 to 40.
Try and mess around a bit with coverage limits. and deductibles
I wouldnt go skimpy on the liability levels, bc they do protect you from lawsuits.


Another way to get a discount is to ask about MSF class discount.

I hear rider is good, but if you total a bike or get tickets they could drop you.
Which is understandable, since they are the cheapest and want the safest riders.

 

[Raven]

Honestly, the best thing you can do is get an older bike (not vintage, but more than 5 years or so) and call your current insurance company. If you have more than one vehicle, you can get a discount overall on all coverage. Also, even if you know how to ride, take the MSF BRC, with most insurance companies, it is an instant 15% off, but you have to ask. Talk to the insurance agents, dont just get online quotes, and don't sell your current one short.