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post #1 of 20 Old Jan 14th, 2017, 4:12 pm Thread Starter
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wondering what insurance comp and rates everyone has

Hello all-

Hey, I was wondering who people use for insurance companies and what rates they have quoted yall on your LT's ??

I was asking because I thought mine was strange ... it is through Grange... and was quoted $973.00 a year, for a 2008 K1200LT. Im 43 yrs and 3 to 4 yrs clean record. Nothing while on my motorcycle.

So just curious, but still looking, but on hold for right now till closer to season.

Mike
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post #2 of 20 Old Jan 14th, 2017, 5:05 pm
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Re: wondering what insurance comp and rates everyone has

The annual rate for full coverage on the '07 LT from Progressive was $590.75 last year. By comparison, my annual rate on the '16 GTLE is $1,476.75 for maximum coverage (67 yrs. old, clean driving/riding record - had a performance award a couple of years ago, but traffic school cleared that). I shopped around and couldn't find any other insurer offering much different rates for the Los Angeles area.... My riding buddy, however, only pays something less than $400 annually for liability coverage on his 4 BMW bikes. He is willing to absorb the risk of loss, rationalizing that his savings over time would pay off.

I would imagine that rates would be cheaper in your area (smaller population density and shortened riding season). I skipped riding through the local canyons today to have lunch along the Pacific Coast Highway with my buddy, as it's my anniversary.

Dave Beck
'16 K1600GTLE
'07 K1200LT (sold 9/24/16)
'74 Suzuki GT750L (long, long gone)


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post #3 of 20 Old Jan 14th, 2017, 5:06 pm
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Re: wondering what insurance comp and rates everyone has

Progressive, half of what I was paying through State Farm - I think SF was buying it from Progressive and reselling to me!

Insurance rates are pretty regional so difficult to compare.

_____________

Kim Thomson
Motorcycle Cigar Smoker
05 K1200LT - The Golden Rocket Ship
91 K100RS - The White Stallion
85 K100 Standard - Big Red
79 R65 - "The Bee" is a buzzin' again!
06 525i - Premium, Sport, Comfort, Xenons

Gone, but not forgotten...
02 K1200LTC - Big Blue (accident at 40k)
88 K100RT - Chocolate (it was brown, melted - fire)
85 K100RT - (wore out)
82 Yamaha Vision - (electrics)
72 Yamaha R5C 350 - (broke trans)
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post #4 of 20 Old Jan 14th, 2017, 7:42 pm
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Re: wondering what insurance comp and rates everyone has

Quote:
Originally Posted by Moogmike View Post
Hello all-

Hey, I was wondering who people use for insurance companies and what rates they have quoted yall on your LT's ??

I was asking because I thought mine was strange ... it is through Grange... and was quoted $973.00 a year, for a 2008 K1200LT. Im 43 yrs and 3 to 4 yrs clean record. Nothing while on my motorcycle.

So just curious, but still looking, but on hold for right now till closer to season.

Mike
$196 a year with a Progressive for my 2007 LT insured with them since I bought it new. I think my premium was close to $300 the first year, but dropped $20 or so each year until hitting $189 last year. It rose a little this year. I am 57 with clean record for at least 25 years.

2017 KLR650 "Mule"
2007 K1200LT "Starship Enterprise", VOICE II, Navigator V, Motorrad Communicator
1987 Kawasaki Voyager XII
1976 Kawasaki KH400
1973 Kawasaki 100 G5
1970 Rockford Chibi (the orange one)

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post #5 of 20 Old Jan 14th, 2017, 7:44 pm
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Re: wondering what insurance comp and rates everyone has

I was with Nationwide for 33 years. They were unbeatable for many years. Once Peyton Manning started doing ads for Nationwide, the auto rates soared. My agent couldn't tell me why. The rep at corporate couldn't tell me why. I decided I couldn't afford to pay Peyton Manning's salary and moved my auto policy to Erie Insurance. Erie was roughly half of Nationwide. The policy on my LT was not due until the end of Dec., since I pay it yearly. It's been covered under Nationwide's powersports division since 2010. The rate went up $27 since 2015. I called around, but nobody beat Nationwide's $307 rate for the year. I'm just glad this division wasn't paying for Peyton to sing the jingle.

I heard many years ago that insurance sales jobs were for people too timid to say, "Stick 'em up!"

Hope this doesn't cause this thread to be moved to the Humor Section!

Lee
Y2K K1200 LT Canyon Red - Torn apart by a Bimmer 11-10-10. Sold to Saddleman to be reanimated.
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post #6 of 20 Old Jan 14th, 2017, 7:56 pm
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Re: wondering what insurance comp and rates everyone has

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I was with Nationwide for 33 years. They were unbeatable for many years. Once Peyton Manning started doing ads for Nationwide, the auto rates soared. My agent couldn't tell me why. The rep at corporate couldn't tell me why. I decided I couldn't afford to pay Peyton Manning's salary and moved my auto policy to Erie Insurance. Erie was roughly half of Nationwide. The policy on my LT was not due until the end of Dec., since I pay it yearly. It's been covered under Nationwide's powersports division since 2010. The rate went up $27 since 2015. I called around, but nobody beat Nationwide's $307 rate for the year. I'm just glad this division wasn't paying for Peyton to sing the jingle.

I heard many years ago that insurance sales jobs were for people too timid to say, "Stick 'em up!"

Hope this doesn't cause this thread to be moved to the Humor Section!
Interesting you mention Erie. I have had Erie for more than 30 years for auto, home and umbrella liability. They insured my 1987 Kawasaki Voyager for most of the 17 years I owned it. I don't recall when, but sometime before I sold it in 2004, Erie dropped motorcycle coverage. My agent switched me to Progressive and I have been with them since. I am now in diamond status and both my collision and comprehensive deductibles have "vanished" to use Progressive's terminology.

My agent told me last year that Erie was planning to offer motorcycle coverage again, but I never heard anything more and I doubt they would beat my current deal with Progressive.

2017 KLR650 "Mule"
2007 K1200LT "Starship Enterprise", VOICE II, Navigator V, Motorrad Communicator
1987 Kawasaki Voyager XII
1976 Kawasaki KH400
1973 Kawasaki 100 G5
1970 Rockford Chibi (the orange one)

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post #7 of 20 Old Jan 14th, 2017, 8:19 pm
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Re: wondering what insurance comp and rates everyone has

Allstate, $251.00/year for three bikes.
No tickets or accidents.
Have my car and one home with them also.

2013 BMW Damask Red K1600GTL
2014 BMW K1600GTL-E EXCLUSIVE
2001 Honda C-250 Helix
SOLD 2006 BMW K-1200LT "The Manatee"

Smokin'


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post #8 of 20 Old Jan 14th, 2017, 8:27 pm
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Re: wondering what insurance comp and rates everyone has

Not an LT, but I have Foremost and pay $135/year for full coverage on a 2000 RT. 42, been riding about 6 years, no serious tickets and live in Atlanta metro area.

2000 R1100RT
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post #9 of 20 Old Jan 14th, 2017, 9:55 pm
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Re: wondering what insurance comp and rates everyone has

Progressive Insurance, full coverage, $133.00 a year. Only policy with them.
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post #10 of 20 Old Jan 14th, 2017, 10:14 pm
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Re: wondering what insurance comp and rates everyone has

18$ month liability only. dwi 1 year ago
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post #11 of 20 Old Jan 14th, 2017, 10:47 pm
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Re: wondering what insurance comp and rates everyone has

I have had the Geico lizard for over 30 years. I have four bikes insured one with a sidecar. Would have to ask the wife for sure but I think its about $350/year for all. Full coverage on two. Get a quote.

Robert

They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.
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1994 R1100RSL (wife's)
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post #12 of 20 Old Jan 15th, 2017, 7:39 am
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Re: wondering what insurance comp and rates everyone has

I see that some of the above post are ridiculously high, unless it has something to do with the state your living in. I'm 65, clean record, and have been with the Lizard (GEICO) for over 40 years. My full coverage with 50.00 deductible on my 2006 LT is 104.00 per year. Multiple vehicle discount as i have a truck and car also insured with them. I've never been able to find a better price.


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Joe
Palm Coast, FL.

2006 K1200LT (Love it)
2002 R1150RT (Sold)
2007 Harley FLHTCU (sold at 137k Miles)
1999 Harley Night train (blew the eng at 150k miles)
1986 harley Davidson FLTC (Sold When assigned to Europe
1982 Harley Wide Glide (sold)
1981 Kawasaki k1000LTD (sold)
1980 Triumph Bonneville (sold)
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post #13 of 20 Old Jan 15th, 2017, 7:45 am
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Re: wondering what insurance comp and rates everyone has

I have Allstate & always seem to have a few to several points on my driving record. I think I loose 4 points this June. My 2000 LT with full coverage plus a $5000 rider for aftermarket add on's cost me about $400 per year.

I did have to fight them a little to get them to pay me the replacement cost for all of my protective gear on the last bike I totaled. They also have a limit of $800 that they will pay for a helmet.

Dave Selvig
2004 Black LT
2000 Canon Red LT



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post #14 of 20 Old Jan 15th, 2017, 10:41 am
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Re: wondering what insurance comp and rates everyone has

My 08 RT is costing $280 per year through Progressive. I see other Progressive numbers are lower. I am just wondering if it has to do with certain States. I also have my car and home insured through them.

Mike Trevelino
Williamsburg, VA
2008 RT
2000 LT - Totaled at 99,960 miles


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post #15 of 20 Old Jan 15th, 2017, 12:50 pm
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Re: wondering what insurance comp and rates everyone has

rates go by city/regions as a base then go up from there from type of bike to your record.. my insurance company wont even insure my rc51
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post #16 of 20 Old Jan 15th, 2017, 1:20 pm
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Re: wondering what insurance comp and rates everyone has

Interesting to read what insurance costs over the pond in the States.

Here in the UK, we have the strange situation at the moment where comprehensive cover often costs less than Third Party only (what you refer to as Liability only). I believe its because the stats show more claims on that sort of policy!

I have my '99 LT fully covered on a Classic Vehicle policy for £90 a year.
My '07 R1200GS is on a normal comprehensive policy and last year cost £50 by going via a cashback website.

Even for youngsters its not too bad at the moment, my 23yr old son pays £130 to insure his Yamaha 600 Diversion (I think they were called the Seca in the USA).

Although, just like its already been mentioned, the price varies greatly from one area to the next, with London rates being especially scary. Glad I don't live anywhere near that place!
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post #17 of 20 Old Jan 17th, 2017, 9:30 pm
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Re: wondering what insurance comp and rates everyone has

I pay $135/yr with Progressive. My rate nearly halved when I moved from Prince George, VA to Queensbury, NY. I think they are under the impression that I wouldn't ride as often because it's colder in upstate NY during some of the months.
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post #18 of 20 Old Jan 18th, 2017, 7:31 am
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Re: wondering what insurance comp and rates everyone has

about the same for me in CT. two BMWs and about $300 total, almost $200 before I got the LT.

MarkF
2009 K1200LT

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post #19 of 20 Old Jan 23rd, 2017, 6:23 pm Thread Starter
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Re: wondering what insurance comp and rates everyone has

Thank you for the info... I found out what I was quoted was correct, but they ran it with my wife added, also went thru another company with them and its now like 350 a year. And the great news, it looks like I found my new ride details will follow... likely be about 2 weeks.
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post #20 of 20 Old Jan 24th, 2017, 10:20 am
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Re: wondering what insurance comp and rates everyone has

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Originally Posted by 99+bmw View Post
rates go by city/regions as a base then go up from there from type of bike to your record.. my insurance company wont even insure my rc51
You also need to look at the type of coverage you are buying and the deductibles. They also take age into consideration.


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Ed

Previous: 2013 F800GT
Recent: 2014 R1200RT Quartz Blue Metallic
Current: 2014 K1600GTL Hannigan trike conversion
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