Deleted
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Registered: Nov 25, 2024 5:23:15 GMT -7
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Post by Deleted on Apr 8, 2017 11:41:08 GMT -7
Who do you all have insurance through and how are your rates?
My renewal came in and I think I can do better.
Liability only on my 2006 FZ1 is $75/yr.
Full coverage on the FZ10 is $615/yr, same policy.
34, clean record, Northern Virginia, Progressive.
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Post by evitzee on Apr 8, 2017 13:44:10 GMT -7
My 2009 FZ1 was $95 for liability only (250/500), FZ-10 is $142. If I throw the bike down the road I will take responsibility for it so I have never taken full coverage, and in 41 years of riding I've never gone down at more than 2-3 mph (twice). Hard to beat Progressive overall.
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Deleted
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Registered: Nov 25, 2024 5:23:15 GMT -7
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Post by Deleted on Apr 9, 2017 4:59:21 GMT -7
I have a policy with National General, full coverage, $500 ded plus multi bike discount $313.06. 48 yrs old, clean record. I moved from Progressive to NG last year for my bikes but have Prog for my autos still.
HTH
Tom
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Deleted
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Registered: Nov 25, 2024 5:23:15 GMT -7
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Post by Deleted on Apr 9, 2017 5:11:53 GMT -7
StateFarm
Full Coverage $32 a month. 46 yrs old. Clean record.
I have had tremendous service over the years with them. The few times I have had claims, there is no delay in getting my property covered.
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Deleted
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Registered: Nov 25, 2024 5:23:15 GMT -7
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Post by Deleted on Apr 9, 2017 5:31:08 GMT -7
@bogie @yamatron I'll give the General and State Farm a call  You two got 10 years on me though - hopefully its not a matter of waiting that long for my rates to go down some  |
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Post by pjfz1 on Apr 9, 2017 8:26:47 GMT -7
The Thing to remember about insurance is that you're not looking for the best price, you're lookng for the best service. When you need it is not the time to find out they don't provide it.
Every state has it's own insurance commissioners and coverage requirements, so comparing outside your state doesn't show the real comparison.
I went from state farm to progressive 15 years ago.. Initially I paid $150 a year more, but with time and a good record, it's steadily gone down, and my rates are awesome now.
The Biggest thing - Service. We see State farm really make it difficult on riders who need help, not problems.
progressive has had the best claims service I've seen, over and over.
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Deleted
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Post by Deleted on Apr 10, 2017 4:50:43 GMT -7
pjfz1 - I'm with Progressive now. I've never had to make a moto claim but their service with auto claims has been excellent. Do you have your rental fleet covered by them?
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Post by tigershark on Apr 10, 2017 5:56:00 GMT -7
I was insuring with Dairyland here in Wisconsin. My last premium notice was a huge increase (2 to 3 times what it was). I called my insurance broker and he couldn't believe it either. He called me back an hour later and said he talked to one of Dairyland Wisconsins reps. He asked why I was billed at three times more for my $13k FZ-10 than someone riding a $23k Harley. Note also, I'm 68 with a clean record with no claims. The rep told him point blank Dairyland Wisconsin doesn't like sport bikes. So it's not only state to state differences, but individual companies as well following whatever guidelines they want.
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Deleted
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Post by Deleted on Apr 10, 2017 6:01:05 GMT -7
I was insuring with Dairyland here in Wisconsin. My last premium notice was a huge increase (2 to 3 times what it was). I called my insurance broker and he couldn't believe it either. He called me back an hour later and said he talked to one of Dairyland Wisconsins reps. He asked why I was billed at three times more for my $13k FZ-10 than someone riding a $23k Harley. Note also, I'm 68 with a clean record with no claims. The rep told him point blank Dairyland Wisconsin doesn't like sport bikes. So it's not only state to state differences, but individual companies as well following whatever guidelines they want. Asshats!!! That is just pure crap!!! |
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needforspeed
New Member
Exploring the PNW, one backroad at a time.
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Post by needforspeed on Apr 10, 2017 13:13:13 GMT -7
The rep told him point blank Dairyland Wisconsin doesn't like sport bikes. And sport bike riders don't like them, so they spend their money with the competition. I always try and spend my money with companies that seem to want me as a customer, they don't appear to fit that category. I use State Farm, rates seem reasonable for me and my growing stable. |
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fzwaffle
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Registered: Apr 3, 2017 9:50:38 GMT -7
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Post by fzwaffle on Apr 10, 2017 13:18:18 GMT -7
Im using allstate, most the quotes I was getting was anywhere from 1500-3200. Allstate is 900/year full coverage.
Dairyland was the most expensive.
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harrybalzak
Junior Member
Posts: 67
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Registered: Mar 2, 2017 11:17:12 GMT -7
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Post by harrybalzak on Apr 10, 2017 13:51:44 GMT -7
I pay $760 a year for 5 motorcycles. The FZ10 accounts for $320 of that. Progressive
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tonysal
Full Member
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Post by tonysal on Apr 11, 2017 13:34:26 GMT -7
Dammit! I'm getting my nuts crushed, just like I thought.
my cars and two other bikes are on USAA. They don't insure bikes anymore (my other bikes are grandfathered in), so they refer everyone to Progressive.
53, clean record, no claims, Spotsylvania county, VA (kinda' central VA - insurance crooks probably consider it Northern VA, though)
full coverage, $500 deductible, $1032/yr (with Progressive)
I even called them and told them I thought I might be getting billed for an R1 vice an FZ-10. they said, "Nope, FZ-10."
maybe I need to move another vehicle/bike over there for multi-vehicle discount? or just change insurers? thoughts, anyone?
regards, Tony |
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Post by evitzee on Apr 11, 2017 14:35:28 GMT -7
Dammit! I'm getting my nuts crushed, just like I thought.
my cars and two other bikes are on USAA. They don't insure bikes anymore (my other bikes are grandfathered in), so they refer everyone to Progressive.
53, clean record, no claims, Spotsylvania county, VA (kinda' central VA - insurance crooks probably consider it Northern VA, though)
full coverage, $500 deductible, $1032/yr (with Progressive)
I even called them and told them I thought I might be getting billed for an R1 vice an FZ-10. they said, "Nope, FZ-10."
maybe I need to move another vehicle/bike over there for multi-vehicle discount? or just change insurers? thoughts, anyone?
regards, Tony You can usually get the best deal by putting homeowners/cars/bikes with the same insurer, that way you'll get the multi-product discount which can be substantial. Also, if you pay in full you'll get a better rate.
And look over your coverage, when people say 'full coverage' that usually means collision, and that is the most expensive part of the coverage. Do you really need to cover your machine if you run off the road because you were going too fast and hit a tree? I take responsibility for that kind of action. I take Liability (250/500/100) and Comprehensive ($500 deductible), the comprehensive will cover me for stuff other than collision, like theft, fire, or colliding with animals. I pay $90 for the liability, $41 for the comprehensive, and I pay $11 for roadside assistance. That's $142 per year. I'm 66yo and never had a claim, and I have my cars and homeowners with Progressive, too. Americans tend to over insure for coverage that they could/should shoulder on their own. Shop around, rates vary all over the place. |
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harrybalzak
Junior Member
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Registered: Mar 2, 2017 11:17:12 GMT -7
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Post by harrybalzak on Apr 12, 2017 7:57:18 GMT -7
Okay sure if you are acting like a fool and bin your bike you won't file a collision claim, so you don't carry collision, but what if you are riding responsibly and you hit sand or oil and go down, do you still not care? Or how about your bike is parked in a lot and someone hits your bike and leaves the scene? If you don't have collision you're just out of luck. It's great that you are willing to take responsibility for your actions and you obviously have enough disposable income to go out and replace your bike with no compensation, but not everyone does, and even if they do the last thing I would want to do is be out $12,000 because some a-hole decides to leave the scene of an accident.
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Post by tigershark on Apr 12, 2017 8:37:37 GMT -7
Insurance is a necessary evil. If you oops making someone swerve or whatever injuring or killing someone else, it can quickly turn into a huge lawsuit. Imagine someone doing something stupid that forces you to avoid a crash and you hit someone else. The responsible driver runs and the lawsuit and proof fall on you. Just medical costs alone can spell financial ruin. Think of how invisible we all are out there. Taking responsibility for your own actions is great, but daily risk goes way beyond that. Insurance is like ATGATT. Maximum available protection from the unexpected.
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Deleted
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Registered: Nov 25, 2024 5:23:15 GMT -7
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Post by Deleted on Apr 12, 2017 9:02:50 GMT -7
Also keep in mind some people don't buy their bikes with cash. So the financial institution will require collision coverage.
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Post by Cruizin on Apr 12, 2017 9:47:02 GMT -7
All new model bikes are expensive for insurance when they first come out and then rates can be had for lower a year or two later when insurance companies have accident data to work with. My fz-09 was expensive the first year then I switched to dairyland and it dropped $20 a month lower than what they quoted me a year earlier.
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Post by tigershark on Apr 12, 2017 13:53:21 GMT -7
My Dairyland rates were low also, until some Head Knocker decided they didn't like sport bikes. Of course that was in Wisconsin. They all tend to do what they want. Hopefully your director doesn't talk to mine.
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Post by evitzee on Apr 12, 2017 22:24:28 GMT -7
"Also keep in mind some people don't buy their bikes with cash. So the financial institution will require collision coverage."- Depends on where you get the financing. Financing through Yamaha (at least last November) treats the loan as an unsecured loan (like a normal credit card). There is nothing on record with them as to what kind of insurance you have on the bike, if any. Good credit rating gets you a 3.99% APR for 36 months, I pay it off in about 18 months. Fast and convenient, I've done my last 3 Yamaha's on the same account since 2010. I was surprised they ran their loans like that but that is the way they do it (with Capital One). Yamaha did change lenders recently so I don't know if their policy has changed in this regard.People are in all kinds of situations financially, obviously, but there are ways to decrease the premium if one wants to take on some of the risk. If you have an average automobile you definitely need collision because a total loss would be hard financially on almost all people. But a bike for me is a toy, never wrecked one and don't plan to. If someone bumps me in a parking lot and the bike falls over I'll take care of the damage, that's why we have frame/axle/engine case sliders. If for some reason I wad the bike up I can afford the loss, even if it is a total loss. It would hurt but not change my lifestyle, so I self insure for that loss. I figure I've saved a ton of money over 40 years in not having to pay collision coverage, so I'm ahead of the game if something untoward happens. Everybody's tolerance for risk is different. |
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You two got 10 years on me though - hopefully its not a matter of waiting that long for my rates to go down some 
