Motorcycle Insurance, it's pricing time of year.

How much do you pay for full coverage insurance for your bike?

Under $50
2
14%
$50 - $76
3
21%
$75 - $89
7
50%
$90 - $109
1
7%
$110 - $119
1
7%
$120 +
0
No votes
 
Total votes: 14

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WillK675
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Re: Motorcycle Insurance, it's pricing time of year.

Post by WillK675 » Fri Jan 14, 2011 1:04 pm

milesmiles wrote:Yea, i was thinking of telling them i got a garage for it this time. Do you think there is any way they would find out i don't?
Well they typically ask the address of where it's kept. If they look up the address and see it's an apartment complex that doesn't offer garages then yeah.

When I first bought the bike, I didn't have a garage at my apartment, So I kept it at my mom's in her garage. If you've got a nearby realative that's in a house, you could tell them that's where it's kept.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by milesmiles » Fri Jan 14, 2011 1:15 pm

My apartment complex does offer garages.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by DarcShadow » Fri Jan 14, 2011 1:16 pm

Only time I can think of that they might find out would be if it was stolen again and then they want an explination as to why it wasn't in the garage.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by milesmiles » Fri Jan 14, 2011 1:18 pm

DarcShadow wrote:Only time I can think of that they might find out would be if it was stolen again and then they want an explination as to why it wasn't in the garage.
Very good point! I'm going to get an alarm(i know it doesn't always help). Thinking about the scorpio i900
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Re: Motorcycle Insurance, it's pricing time of year.

Post by Dragonfly » Fri Jan 14, 2011 9:29 pm

I have Progressive, full-coverage for me is $460 a year. I use to have Dairyland I paid them $640 a year for the same coverage.

My homeowners, and auto insurance is with Statefarm. My agent refuses to underwrite any policies for motorcycles.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by WillK675 » Mon Jan 17, 2011 10:07 am

Dragonfly wrote:My agent refuses to underwrite any policies for motorcycles.
Really???? I've never heard of that. My agent doesn't ride, but he likes motorcycles. I think he'd like to ride, but has that little road block of familly (a.k.a. wife wont' let him).

But you know what. Any time I've heard of people having problems with State Farm it always seams like it's their particular agent. I guess it's just like anything else, you've got some good ones, and some crappy ones.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by dufremle » Mon Jan 17, 2011 11:33 am

I know with State Farm they will periodically stop accepting new motorcycle coverage when they feel they have too many policies written.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by sckego » Mon Jan 17, 2011 3:51 pm

...and sometimes they'll drop coverage entirely. I got a letter from SF stating that they could no longer renew the policy on the FZ1 due to a speeding ticket in July (in the car!), and my wreck in September. They're still willing to insure the twofiddy, though... anyways, time to find a new company.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by Grinner » Tue Jan 18, 2011 12:44 pm

Part of the reason I kicked state farm to the curb was because my ins kept going up even after my tickets and wrecks started falling off.
:D
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Re: Motorcycle Insurance, it's pricing time of year.

Post by WillK675 » Tue Jan 18, 2011 1:09 pm

Damn, I've never had any of those issues. I had one minor wreck and the guy sued. They handled all the legal crap, settled, paid, my inusrance rates went up slightly after that was done, but dropped below the previous rate about 6 months later.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by U-Turn » Tue Jan 18, 2011 8:33 pm

I have SF for everything, and the bike they were relunctant to add, but for a fee........
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Re: Motorcycle Insurance, it's pricing time of year.

Post by DarcShadow » Wed Jan 19, 2011 8:31 am

It all greatly depends on the agent as much as the Parent company. It's all a scam anyway. lol hmmmm, Wonder what it'd take to start up an insurance company. :wheelie:
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Re: Motorcycle Insurance, it's pricing time of year.

Post by Firewa11 » Wed Jan 19, 2011 9:37 am

DarcShadow wrote:It all greatly depends on the agent as much as the Parent company. It's all a scam anyway. lol hmmmm, Wonder what it'd take to start up an insurance company.
Typically quite a bit of money in the bank (to underwrite the policies, you can't offer someone $100,000 in coverage without the $100,000 backing it up), and at least one certified lawyer in each state you do business. Plus hiring people from the insurance industry that know how to mediate and settle with other insurance companies...

You can avoid paying insurance completely if you have $10k (I think) in the bank reserved just for insurance purposes. But individuals are likely to get taken by an insurance company in a situation where you cause the wreck. They have the lawyers and the experience to take you to court and make you wish you had someone representing you. Or they pick up the phone and call the Texas Hammer...
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Re: Motorcycle Insurance, it's pricing time of year.

Post by sckego » Thu Jan 20, 2011 10:11 am

Well, goodbye State Farm. I was paying them $1500/yr... checked with Geico, who has the cars, and they wanted more then $4k/yr. OK, screw that. Tried Dairyland, and they brought it down to $920/yr. Good enough for me!

This was for an '06 FZ1 and '04 EX250, 100/300 liability limits + uninsured/underinsured coverage on both, and comp/collision with $500 deductibles on the FZ1 only.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by RandyKotch » Thu Jan 20, 2011 12:30 pm

i just checked with dairyland, geicko, progressive, and farmers to see how much they would charge me for coverage. They all want me to pay the $250-$300 a month for they same coverage that state farm gives me for $75 a month. Maybe my agent is cheaper than all the other state farm agents.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by Firewa11 » Thu Jan 20, 2011 4:40 pm

Could be, that's why it's important to shop around!
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Re: Motorcycle Insurance, it's pricing time of year.

Post by RandyKotch » Thu Jan 20, 2011 5:23 pm

this is the first time that i have every got a qoute from anyone but my agent. but it might also help that my family has been with them for over 35 years,
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Re: Motorcycle Insurance, it's pricing time of year.

Post by Blizzard_1708 » Thu Jan 20, 2011 9:43 pm

what is your agents number? We can test to see if he gives good deals for motorcycles or because you have been doing business with him for so long.

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Re: Motorcycle Insurance, it's pricing time of year.

Post by DemonDuck » Thu Jan 20, 2011 10:52 pm

Well I have Geico and I pay $80.00 ... just checked to make sure. It is full coverage with col, comp, and uninsured. $1000.00 deductable though. That is for the 08 ZX-14 and nothing else.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by Firewa11 » Fri Jan 21, 2011 9:05 am

I know insurance agents have some leeway in pricing policies, because essentially what they reduce your policy down to cuts into their take, but I can't imagine it would be more than a couple hundred bucks...
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Re: Motorcycle Insurance, it's pricing time of year.

Post by milesmiles » Fri Jan 21, 2011 9:25 am

So i was screwing around on Dairylands website and just getting different quotes based on the policy i chose, but that made me wonder what yall have. Do yall get properity damage coverage, medical coverage, etc.... this made a huge difference on my quotes
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Re: Motorcycle Insurance, it's pricing time of year.

Post by RandyKotch » Fri Jan 21, 2011 9:48 am

Alan Gann 8172492020
the actual person that i work with all the time is joyce.
also every time i have had any kind of claim they have handled it prompt and perfect.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by WillK675 » Fri Jan 21, 2011 11:59 am

RandyKotch wrote:this is the first time that i have every got a qoute from anyone but my agent. but it might also help that my family has been with them for over 35 years,
That may be another thing, I was going to mention. My family has been with State Farm for God knows how long. And until this agent, they have all been friends of the family. However, this agent is just as good as the rest; someone I can call up, he knows who I am, I can chat with as if he was a friend of the family, just like the rest.
Blizzard_1708 wrote:what is your agents number? We can test to see if he gives good deals for motorcycles or because you have been doing business with him for so long.
Here's my agents info also, if you want. I've only been working with him close to two years now.
Chris A. Marshall
1503 N. Story Rd., Suite 125
Irving, TX 75061
Office: 214-441-0349
-Will
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'14 CB500
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When it comes to addiction Motorcycles are worse than crack.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by Firewa11 » Fri Jan 21, 2011 1:38 pm

A lot of it also has to do with the bike in question. Sometimes they rate bikes weird. Like, my buddy I worked with that actually pointed me over to FWMR in the first place had a Hayabusa, and with his agent, they must have assumed a 1300cc bike was a cruiser. So his full coverage policy was only like $50/mo that first year. Then the next year State Farm readjusted their rates and they wanted $250/mo.

I am almost willing to bet if I were to take two liter bikes, say a '08 GSXR-1000 and a '08 CBR1000RR, which cost ~$500 of each other, have roughly the same specs, including engine size... you'll end up with two radically different insurance prices. Mostly because there are probably more of one bike than another... the more of a bike there are being insured by a specific company, the less a single stolen bike or wadded up bike hurts everyone's rates.

So, want lower rates? Buy the most popular bike.
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Re: Motorcycle Insurance, it's pricing time of year.

Post by Grinner » Fri Jan 21, 2011 1:43 pm

another neat little trick I have heard is that ins is supposedly based on cc's.....so take a close look at what size your motor actually is and go with that.
EX: sv650s....645cc's
:D
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