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post #1 of 6 (permalink) Old 05-08-2004, 10:29 PM Thread Starter
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Question Whats your insurance cost?

Hi All,

I'm wondering what everyones paying for insurance. I asked for a quote from my State Farm insurance agent, comes out to ~400 something a year. I do an online quote from Progressive, comes out to over 2000 a year.

I don't understand how there can be such a big differece. Am I missing something? The quote from State Farm is for 50k/100k/50k liability, 100 comprehensive/250 collision. 50k/100k under/un insured. This is for a liter bike (Yamaha R1 998cc) seems they only take into account the cc's of the motorcycle. The difference between the liter bike and a 600 is about $50 dollars.

Other stats about myself 27 years old, married, multi line discount (have house insurance too), multi car, vehicle safety, accident free, discounts.

Is Progressive just charging a crazy amount or is State Farm a really good company? Which one is the more unusual one. And what are you paying for your insurance.

Thanks.
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post #2 of 6 (permalink) Old 05-09-2004, 06:28 AM
 
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Hey,
I am 27 married but have cars insured elsewhere and am new to motorcycles so my insurance was high all around but it is my experience that progressive was usually 2-3 times higher than all the other quotes. From what I have hear state farm is pretty good.
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post #3 of 6 (permalink) Old 05-09-2004, 06:41 AM
 
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I just got an insurance quote yesterday, and Progressive gave the lowest quote... About $350/yr for basic coverage plus $10,000 medical. Another place quoted me at $1200/yr for the same coverage. Those companies that charge that much make it clear they don't want your business. Oh, and they offer 10% discount if you have the MSF course.
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post #4 of 6 (permalink) Old 05-09-2004, 01:07 PM
 
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Allstate got me $161 a year for full coverage.

I have been with them for 9 years and never had a ticket or claim.

Edit: Geico and Progressive both gave me rediculous quotes, both over 2000$ a year on full coverage.

State farm was reasonable at $279 a year

Also, don't go too crazy getting ins quotes, they do show up on your credit report as an inquiry.

Last edited by Lunitar; 05-09-2004 at 01:09 PM.
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post #5 of 6 (permalink) Old 05-10-2004, 05:30 AM
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Re: Whats your insurance cost?

Quote:
Originally posted by ddreg
Hi All,

I'm wondering what everyones paying for insurance. I asked for a quote from my State Farm insurance agent, comes out to ~400 something a year. I do an online quote from Progressive, comes out to over 2000 a year.

I don't understand how there can be such a big differece. Am I missing something? The quote from State Farm is for 50k/100k/50k liability, 100 comprehensive/250 collision. 50k/100k under/un insured. This is for a liter bike (Yamaha R1 998cc) seems they only take into account the cc's of the motorcycle. The difference between the liter bike and a 600 is about $50 dollars.

Other stats about myself 27 years old, married, multi line discount (have house insurance too), multi car, vehicle safety, accident free, discounts.

Is Progressive just charging a crazy amount or is State Farm a really good company? Which one is the more unusual one. And what are you paying for your insurance.

Thanks.
From personal experience and from other people's stories on here I've noticed that State Farm pretty much can't be beat. Unfortunately they don't write motorcycle-only policies. You pretty much have to be a perfect driver for them to touch you as well, so if you have tickets, a dui, etc. then you'll have a hard time getting them to write you a policy.

As far as how much we paid, I think it was about $400 a year for our F4, $600 a year for our XX, and I think $300 or so a year for our Blast. All are full coverage.

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post #6 of 6 (permalink) Old 05-10-2004, 07:25 AM
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Re: Re: Whats your insurance cost?

Quote:
Originally posted by spicersh

As far as how much we paid, I think it was about $400 a year for our F4, $600 a year for our XX, and I think $300 or so a year for our Blast. All are full coverage.
for "full coverage" our limits were 100/300/100 with $250 deducitbles, 100/300 un/underinsured and I had one ticket.

Not too bad, IMO.

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