Sportbike World banner

1 - 17 of 17 Posts

·
Registered
Joined
·
46 Posts
Discussion Starter #1
I was wondering if anyone knows of a good (I mean inexpensive) company to go through? I am 23 yrs old with a few tickets and am getting some pretty outrageous quotes. I am with Progressive and they want almost 1900/yr for my 1996 CBR600F3. This seems high to me, but maybe it is in the ballpark?? Please let me know;

1. What kind of bike - year, model, size
2. Your age
3. Driving record
4. What you pay, and who you are with

Allstate wanted 250/month!! So any tips are useful, even if I just find out that Progressive isn't so bad. :eek:
 

·
Registered
Joined
·
164 Posts
it depends on what kind of coverage, im a 21 year old Male with just basic liability for about 125 a yr through progressive on my 98 900RR, i had quotes as high as 3500 for liability though, shop around, i do know tickets absolutely kill you. try getting some points off your liscence in a drivers school, or see if they give lower fares for a MSF course

good luck
 

·
Registered
Joined
·
391 Posts
I ride a '99 Bandit 1200s that is insured through State Farm. I currently only carry liability. I have a clean driving record and I'm 41 years old (how did that happen!). Anyway, the libility only runs me about $35.00 for six months. For full coverage they want about $180.00 for six months. I imagine it's more for something like a cbr. I'll see if I can find out and I'll let you know.
 

·
Registered
Joined
·
517 Posts
$60/month for full coverage on my 98 F3 with zero tickets.

I am DAMN glad I don't have to pay what some of you guys are getting tagged with. I think driving record, age and state you live in are the main determinating factors.

$1900/year is like buying a new F4 every 4 years ON TOP OF buying the bike you want to actually ride!

OW
 

·
Registered
Joined
·
7 Posts
Wow... some of you guys have insane cheap insurance.

for the 2001 VTR 1000 Firestorm , its costing me 1,800$
and I've been driving for 6 years. 2 speeding tickets. thats it.
keep in mind, 1,800 CDN... thats maybe 1000-1100$ US. per year.

my monthly payment is 158$ .
Full coverage. (flying objects, fire , 1mil, etc)


l8r.
Jay.
 

·
Registered
Joined
·
100 Posts
state farm

i've made this poist about 4 times now, but it always helps so...

age: 22
no tickets, no violations, have my vw golf insured with state farm(only trick they get you with, you have to have your automobile insured with them too)
quoted on the 2002 Yamaha R6 i'm getting this weekend: $322/yr, roughly $26.66/mnth full coverage (financed)
this is a NJ insurance quote also..
they quote you on year and size of bike(ie. cc class)

hope this is of some help
 

·
Registered
Joined
·
92 Posts
I'm 26, clean record and I have state farm, bike only, didnt need to have a car there too. I just renewed for $158.00 for 6 months. Full coverage with uninsured motorist, high medical, and 250 deductables, ect....Good luck and I hope you can get a good deal on state farm or ???
 

·
Registered
Joined
·
312 Posts
You guys do realize that State Farm is starting to shut down new bike policies in parts of the country because "the secret is out" in the sportbike community.

If they start cancelling existing policies and I get a letter, I'm going to find all you guys and do burnouts on your heads. LOL! ;)
 

·
Registered
Joined
·
426 Posts
UFO said:
You guys do realize that State Farm is starting to shut down new bike policies in parts of the country because "the secret is out" in the sportbike community.

If they start cancelling existing policies and I get a letter, I'm going to find all you guys and do burnouts on your heads. LOL! ;)
Yep, state farm turned me down completely...and I have a clean driving record. Their loss; now my money is elsewhere.
 

·
Registered
Joined
·
183 Posts
NevadaF3 said:
I was wondering if anyone knows of a good (I mean inexpensive) company to go through? I am 23 yrs old with a few tickets and am getting some pretty outrageous quotes. I am with Progressive and they want almost 1900/yr for my 1996 CBR600F3. This seems high to me, but maybe it is in the ballpark?? Please let me know;

1. What kind of bike - year, model, size
2. Your age
3. Driving record
4. What you pay, and who you are with

Allstate wanted 250/month!! So any tips are useful, even if I just find out that Progressive isn't so bad. :eek:
Your not taken it deep alone NevadaF3. They got me bent over too man. I'm 30 w/1 speeding ticket in Arizona and the cheapest I've come up with was Allstate, $1205 for 6 months on a 2001 CBR929RR and that's the bare minimum full coverage.
 

·
Registered
Joined
·
192 Posts
I think I have said this before, but here goes:

24 yo, progressive, 2 tickets (hopefully will be able to get out of #3 on monday) and a Duc. 748 fully insured is appx. $580/year. I have had 3 other insurance companies and the dealer I bought the bike from tell me it must be a mistake. Funny thing is, a new R6, ZX6R, F4i, or GSX-R all were quoted for over $1700 a year, with quotes as high as $2300. One agent was able to quote me at $1200 for an R6, but I can't find one cheaper than the Ducati. I couldn't justify buying an extra 1 or 2 bikes over the term of the loan by just throwing cash away on insurance.

Your $1900 quote doesn't surprise me, though with a clean record I would think you could get that to come down.


BTW: When did State Farm start denying insurance? I was going to get a good rate there when I turned 25 this fall, are you saying I have to stick with Progressive?
 

·
Registered
Joined
·
391 Posts
Has anyone ever heard of McGraw Insurance. I don't know anything about them but I happened to run across an ad today in Road Bike magazine. They claim to have the lowest bike rates around. If anyone is interested the address is www.mcgrawgroup.com
 

·
Registered
Joined
·
7 Posts
Wow... some of you guys have insane cheap insurance.

for the 2001 VTR 1000 Firestorm , its costing me 1,800$
and I've been driving for 6 years. 2 speeding tickets. thats it.
keep in mind, 1,800 CDN... thats maybe 1000-1100$ US. per year.

my monthly payment is 158$ .
Full coverage. (flying objects, fire , 1mil, etc)


l8r.
Jay.
 

·
Registered
Joined
·
517 Posts
NevadaF3 said:

1. What kind of bike - year, model, size
2. Your age
3. Driving record
4. What you pay, and who you are with

Allstate wanted 250/month!! So any tips are useful, even if I just find out that Progressive isn't so bad. :eek:
1. 1998 GSX-R750
2. 29
3. one ticket (car)
4. State Farm, $19 per month.

My house, bike and two cars are with State Farm.
 

·
Registered
Joined
·
46 Posts
Discussion Starter #16
Thanks for all of the advice on the insurance...I called State Farm and they won't take me on because I have had a ticket within the last year. They want me to call back when I have had a year since my last ticket. They wouldn't tell me how much it would be, so I guess I will find out in 9 months. :rolleyes: I was quoted 249/month by a company whose name I can't remember (Allstate, or do they have the "blacklist?") Who are they kidding?? I should have mentioned this in the original post, but here goes;I have been riding for over three years with 2 speeding tickets(neither of them were on the bike either :D ). Progressive will not allow you to make monthly payments on a motorcycle policy (at least they won't let me, anyone else have a different situation with them?). They want me to pay the entire policy over a three to four month span - that is roughly $500 a month!!! There is no way I can do this and that is why I only have liability and why I posted this question in the first place. I would pay for the coverage if they would let my pay monthly. Dammit, I hate insurance companies.
 

·
Registered
Joined
·
13 Posts
state farm

I have state farm as do all of my friends with bikes, I own kawi ZX6 cost is 170 a year, no tickets, but if you do get a ticket they will raise your rates big time if not cancel your policy, also they will not insure you if you have any tickets in the fairly recent past I had a friend who had to wait until it had been 3 years since his last ticket before they would insure him. good luck

PS it blows my mind that bike insurance is so high, seems like a car does alot more damage if you hit someone, and they cost alot more to replace, go figure
 
1 - 17 of 17 Posts
Top