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post #1 of 43 Old Jul 30th, 2009, 6:07 pm Thread Starter
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Insurance



Wow. I just got a quote for a 2008 K1200S. Same coverage as what I had previously 100K/300K/100K with $1000 deductible.

I got quoted $1,428.00 through Geico. My 2004 R1150GS Adventure and 2003 Ducati Multistrada combined were $670.

I also got quotes on two different Ducatis and they each came at $970.00


Ouch. Back to the drawing board.



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post #2 of 43 Old Jul 30th, 2009, 6:33 pm Thread Starter
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Re: Insurance

Progressive:


K1200S $2,361.00

Ducatis $1,338.00

All the quotes for Geico and Progressive factor in 1 at fault accident.



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post #3 of 43 Old Jul 30th, 2009, 6:45 pm
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Re: Insurance

Quote:
Originally Posted by RaffyK
Progressive:


K1200S $2,361.00

Ducatis $1,338.00

All the quotes for Geico and Progressive factor in 1 at fault accident.
Me thinks Progressive wants you to insure somewhere else!! So much for their TV ad.

Insure it in Patti's name!!
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post #4 of 43 Old Jul 30th, 2009, 6:47 pm
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Re: Insurance

Try Foremost (spun-off from Farmers).

For 100/300/100 w/ $500 deductible paying less than $800 for a 2003 LT and a 2007 F800S.

Ted

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2012 Ducati Multistrada 1200S - Red
2007 R1200S - Black - Sold
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post #5 of 43 Old Jul 30th, 2009, 6:49 pm
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Re: Insurance

I'm paying $440.00 for Geigo with $250 deductable for my 2003 LT.

Larry Schumer
Salt Lake City, UT

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post #6 of 43 Old Jul 30th, 2009, 6:53 pm Thread Starter
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Re: Insurance

Well looks like I am losing the multiple bike discount plus it is a newer bike.

Me thinks I'll buy a $200-$500 bike and register it and insure both. That should lower the rates.



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post #7 of 43 Old Jul 30th, 2009, 7:04 pm
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Re: Insurance

I pay $650 for all three current bikes combined but they wanted $1400 just (no tickets or accidents) for the K1300S. It's really not an option unless I hit the lotto at this point.

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post #8 of 43 Old Jul 30th, 2009, 9:37 pm
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Re: Insurance

My 05LT and 07GT = 600/yr w/GEICO.


Give em a buzz, you may be suprised.



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post #9 of 43 Old Jul 30th, 2009, 9:43 pm
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Re: Insurance

Quote:
Originally Posted by scottydawg
I pay $650 for all three current bikes combined but they wanted $1400 just (no tickets or accidents) for the K1300S. It's really not an option unless I hit the lotto at this point.
Scotty, you did hit the lottery, just look at your wonderful wife!

Hal
Lodi, California

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post #10 of 43 Old Jul 30th, 2009, 9:50 pm Thread Starter
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Re: Insurance

Quote:
Originally Posted by Florian
My 05LT and 07GT = 600/yr w/GEICO.


Give em a buzz, you may be suprised.



F
I did hence the first post. It's the cost of repairs on the K1200S that has the price out of whack.


On the other hand, even if I pay their asking rate, if I switch my cars and home over and get an umbrella policy, I'll save $288 over just motorcycle with Geico and the auto and home with Liberty without umbrella.

Just hate paying $1,428 for one motorcycle insurance.



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post #11 of 43 Old Jul 30th, 2009, 9:52 pm
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Re: Insurance

Quote:
Originally Posted by RaffyK

Just hate paying $1,428 for one motorcycle insurance.

Nor can I blame you....that's outrageous.
BTW, sorry, I just glanced at the first post.....didnt comprehend it. Must be the booze.

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post #12 of 43 Old Jul 30th, 2009, 9:53 pm
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Re: Insurance

Try GMAC really good rates in fact BMW uses them as their dealer insurance

The supreme irony of life is that hardly anyone gets out of it alive.

09 K1200 LT
Project LT:
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post #13 of 43 Old Jul 30th, 2009, 10:14 pm
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Re: Insurance

The best you can do with insurance is get as many quotes as you can for the coverage you want and pick the best one. Asking anyone else is usually futile as rates can vary from one zip code to the next. Comparing rates with people in different states will drive you absolutely barking mad because the company that gave you a good quote is totally unreasonable in the next state over and your worst quote may be from a company that someone else says is the best deal going.
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post #14 of 43 Old Jul 30th, 2009, 10:47 pm
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Re: Insurance

I have Progressive (Oppressive) for cars and MC's. I haven't had a ticket/accident for 20+ years and my Insurance for the LT was $886 for the year. But wait! They sent me a notice that they were going to lower my premium!!! Finally got the new renewal notice and it went down to $640. Checked with Foremost through AARP and my premium, same coverage, is just under $250. Two hundred and fifty dollars! There's one catch..... I have to join AARP for $16/year for both my wife and myself. Hellloooooo AARP.

BTW I had never had any problem with Oppressive until some POS broke the side window out of my truck and stole my laptop. I called Oppressive and they "opened a claim" to tell me that the damage was under my coverage radar. So they raised my insurance $136 for one year. 2 years later the gal at the end of the phone stated they should never have raised my rates due to the incident. Of course it was too late for them to refund my $136! B'tards!

As I've said before I ride like I drive. Just like an old woman.

Signed,

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WAK1200LT
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post #15 of 43 Old Jul 31st, 2009, 2:48 am Thread Starter
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Re: Insurance

Ok a bit more research and I have found McGraw at $759 with $1000 deductible or $813 with $500 deductible. Only difference is the lower limit on their uninsured motorist 30K/60K versus 100K/300K with Geico.



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post #16 of 43 Old Jul 31st, 2009, 10:07 am
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Re: Insurance

I have State Farm and pay $36 a month for full coverage on 2 bikes (95 Katana and 2000 K1200LT), $500 deductible. It is part of my multi-vehicle plan (5 vehicles total).

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post #17 of 43 Old Jul 31st, 2009, 10:39 am
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Re: Insurance

Almost afraid to tell you how low mine is....$154 for my 2002 LT...with Progressive
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post #18 of 43 Old Jul 31st, 2009, 11:05 am
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Re: Insurance

Same here....I'm paying $184 per year on a 2002LT with 500k coverages. It must be the credit rating and driving history that make the difference.

-------------------------------------------------------------------------------------------------------------------
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post #19 of 43 Old Jul 31st, 2009, 11:15 am
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Re: Insurance

Quote:
Originally Posted by RaffyK
I did hence the first post. It's the cost of repairs on the K1200S that has the price out of whack.


On the other hand, even if I pay their asking rate, if I switch my cars and home over and get an umbrella policy, I'll save $288 over just motorcycle with Geico and the auto and home with Liberty without umbrella.

Just hate paying $1,428 for one motorcycle insurance.
Hey Raffy, call my guy Jeff Young and see if he can help you out. 916 473 9564 He's been able to get some good rates for my customers on those bikes.

__________
2016 R1200GS Adventure
2006 DRZ400E

2007 G650 X Challenge
2006 GT200
2005 R1200GS


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post #20 of 43 Old Jul 31st, 2009, 11:43 am Thread Starter
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Re: Insurance

Thanks Ted:


He came in at $906.00.



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post #21 of 43 Old Jul 31st, 2009, 11:49 am
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Re: Insurance

425.00 with Geico.....09 Triumph Sprint ST....I looked/rode the S

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post #22 of 43 Old Jul 31st, 2009, 12:05 pm
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Re: Insurance

Location, location, location...I moved from CA to FL in '97. Car insurance dropped in half and bike insurance by a factor of four! (not to mention what great things my state income and property taxes did)

Now if only I could find some mountain roads here, I would have it made.

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post #23 of 43 Old Jul 31st, 2009, 12:18 pm
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Re: Insurance

Quote:
Originally Posted by Duane_in_Florida

Now if only I could find some mountain roads here, I would have it made.
Hey Duane, come on up here to MOUNT DORA and ride the mountains, er should I say hills! Then again we have Sugar Loaf Mountain which is only about 25 miles away. Heck, it's a good 300 to 400 feet above sea level!

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post #24 of 43 Old Jul 31st, 2009, 2:07 pm
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Re: Insurance

I pay like 150/year. I don't have full coverage tho - just liability and comprehensive.

Out here in NYC, you need comprehensive!

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post #25 of 43 Old Jul 31st, 2009, 3:30 pm
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Re: Insurance

Quote:
Originally Posted by RaffyK
Ok a bit more research and I have found McGraw at $759 with $1000 deductible or $813 with $500 deductible. Only difference is the lower limit on their uninsured motorist 30K/60K versus 100K/300K with Geico.
Try getting a quote with Dairyland (through an agent) if they write business in your state. The K1200S is a high-performance bike and you are suffering the effects of a high performance surcharge on that bike. I have an '03 Kawasaki ZZR1200, insured through Dairyland for $232 per year (full coverage with $250 comp and collision deductibles) My '00 LT is on the same policy with the same coverage for $92 per year. The difference in premiums is primarily due to the ZZR being rated as a high-performance bike and the LT as a standard-performance bike.
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post #26 of 43 Old Jul 31st, 2009, 4:03 pm
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Re: Insurance

+1 on Dairyland. I used them for countless years. The last few years I insured my CB900 with liablility only, it cost something like $48/year. I used them until I switched all my insurance over to Farm Bureau. My old Farmer's insurance agent said Farmers (not to be confused with Farm Bureau) would be cost prohibitive, even with only a CB900. He told me that (at the time) Dairyland was probably the best motorcycle insurance company around. Made me feel better anyway. Thankfully, I never had to make any claims to find out.
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post #27 of 43 Old Jul 31st, 2009, 4:04 pm
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Re: Insurance

Raffy,
Have to ask what you had done before when owning previous newer Inline K bikes ?
The "S" or "R" or "GT" can't have much effect on rates unless those insuring have No Clue they ALL are equally powered road rockets

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post #28 of 43 Old Jul 31st, 2009, 4:09 pm Thread Starter
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Re: Insurance

I had a long conversation with geico today.

Factors affecting the rate:

1) single bike versus 2 or more (so no second bike discount)

2) At fault accident with 1 point on my record (goes off next October)

3) The K1200S is now considered high performance



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post #29 of 43 Old Jul 31st, 2009, 6:44 pm
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Re: Insurance

Quote:
Originally Posted by RaffyK
I had a long conversation with geico today.

Factors affecting the rate:

1) single bike versus 2 or more (so no second bike discount)

2) At fault accident with 1 point on my record (goes off next October)

3) The K1200S is now considered high performance
You need a second bike. Wanna buy a really cool /5?



or a G650?


__________
2016 R1200GS Adventure
2006 DRZ400E

2007 G650 X Challenge
2006 GT200
2005 R1200GS


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post #30 of 43 Old Jul 31st, 2009, 10:32 pm Thread Starter
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Re: Insurance

Well. I passed on the K1200S.

Ted thanks for the offers. But neither are my cup of tea. Now if you have a non salvaged frame for $200 bucks, we can talk.

Nothing says I can't insure a frame since the frame constitutes a motorcycle. Right?



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post #31 of 43 Old Aug 1st, 2009, 6:58 am
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Re: Insurance

just switched a couple mounths ago from nationwide have been with them for 24 yrs homeowners and auto with never a claim when i got the bmw they billed me for 850 a yr just onbmw so i started shoppin ended up goin with state farm with more coverage and the saved me 3500 ayear and that aint thirty five dollars either full coverage on jeep,powerstroker,bmw libilaty on both boys cars ,libilaty on ole blue truch,libality on harley and homeowerners & rental house nationwide had been a boning me fer years SO SHOP AROUND
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post #32 of 43 Old Aug 1st, 2009, 9:58 am
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Re: Insurance

I have been using Allstate insurance for all of my coverage and added the cycle 3 years ago and it is 197.78 for this year on a 05 K1200LT. No tickets or accident any where. Have $500 ded. They started giving motorcyclist a break on insurance when I went to them.
Something to look at.

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post #33 of 43 Old Aug 1st, 2009, 2:28 pm
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Re: Insurance

I have a multiple bike policy with Geico. This thread reminded me to call them because I had seen one of their ads recently about roadside assistance for $1 a month. When I called it was only $10/yr. She said they only used people with experience with hauling motorcycles. This includes running out of gas and flats. Hope I don't have to use it but I could have used it a few months ago when my fuel line came loose. I borrowed a friends aluminum bike trailer for that but it would have been nice to just make a phone call and have it delivered to the house.

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post #34 of 43 Old Aug 1st, 2009, 2:39 pm
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Re: Insurance

I called Progressive as I've been looking at a Ducati 748. I'm paying $265/yr now with full coverage; with the 748, the cost goes to $1125/yr for full coverage on both bikes and $500 deductible and multiple bike discount.

I'm doubtful a 748 is in my future!

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post #35 of 43 Old Aug 2nd, 2009, 6:37 pm Thread Starter
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Re: Insurance - Update

Well, I bought a 2008 Ducati Hypermotard 1100S yesterday. Checked online for quotes. Almost signed up with one. But held off.

I called Geico again and got a rate of $525.00 including my at fault accident and use of 3K miles per year. For a one year newer model (2009) and 7000 miles per year. they had quoted me $970 per year.

I went with Geico again. They were the cheapest.



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post #36 of 43 Old Aug 3rd, 2009, 11:52 am
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Re: Insurance

I had progressive, that came in at 1500.00 bucks. Then switched to Riders insurance, they beat every price I found. I have an 09 Lt so I Think I did pretty good.

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post #37 of 43 Old Aug 3rd, 2009, 5:31 pm
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Re: Insurance

I have been with Progressive for about 15 years. I am paying around $650.00 a year for a 2005 LT with 100/300/100 and 500.00 deductable. At one point last year I had 3 bikes and it wasn’t much more than what I am paying now. I have no accidents, tickets and have been a continuous rider for 32 years.

I have found one of the biggest contributing factors (bedsides tickets and DUIs) to a lower rate is how long you have had a valid motorcycle license. My buddy and I are both over 50, have BMW bikes, both with progressive and the same clean driving record. He has only been licensed 2 years for a MC and pays almost 3 times what I do.

So I wonder if the consensus is those who have had motorcycle license the longest are paying the least, or is it just random that Progressive for instance charges different people different rates.

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post #38 of 43 Old Aug 3rd, 2009, 5:40 pm Thread Starter
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Re: Insurance

Quote:
or is it just random that Progressive for instance charges different people different rates.
Well. It might be. When I did an online quote I got an $1,800 rate. When the broker did it with Progressive, it was around $700. Same information same name etc.

So not sure what is going on.



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post #39 of 43 Old Aug 3rd, 2009, 6:14 pm
 
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Re: Insurance

Quote:
Originally Posted by tonygret
I have been with Progressive for about 15 years. I am paying around $650.00 a year for a 2005 LT with 100/300/100 and 500.00 deductable. At one point last year I had 3 bikes and it wasn’t much more than what I am paying now. I have no accidents, tickets and have been a continuous rider for 32 years.

I have found one of the biggest contributing factors (bedsides tickets and DUIs) to a lower rate is how long you have had a valid motorcycle license. My buddy and I are both over 50, have BMW bikes, both with progressive and the same clean driving record. He has only been licensed 2 years for a MC and pays almost 3 times what I do.

So I wonder if the consensus is those who have had motorcycle license the longest are paying the least, or is it just random that Progressive for instance charges different people different rates.

When I got my 05 LT State Farm wanted $950.00, went with GMAC for 725.00 ..... This year GMAC was $529.00 searched around and found Progressive for $360.00....same coverage,100/300/100 with $500.00 deductible.. State Farm still over $700.00.... Had auto insurance with State Farm since 1971....
Progressive's statement said 2 30 day late payments on a loan 2 years ago that I co-signed for my son effected my rate... And I have no tickets at all.....

Insurance is weird,, and such a scam .............Pete

Just to clarify, bought my '05 in August 2004..........
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post #40 of 43 Old Aug 3rd, 2009, 8:07 pm
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Re: Insurance

Yup.. just a scam...

$300 a year... through my local BMW Dealership... Lonestar..

Oh, the HD I owned just before the LT was almost $2000 a year...

I guess I better not tell them i have a High Performance Seat on my bike soon..
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post #41 of 43 Old Aug 4th, 2009, 12:40 pm
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Location: Gilbert, AZ, USA
Posts: 445
Angry Re: Insurance

Ok so here is my issue, cars and house with Costco, no one can beat their price for me here in the Phoenix area. The do not have M/C insurance. I have used Geico for the last 4 years for the 99 LT at $420.00 a year with 50/100/25 underins 15/30 and uninsur 15/30, med 5K. So now they want $542.00 (30% increase, I have not had a rase for two years, let alone a 30% increase for insurance). Did an online quote from Progressive and they are at $420.00 a year. Tried Liberty Mutual and here in AZ they will not insure M/C unless they have one of your cars.

Insurance Companies look at age, accidents, DUI's and credit rating to charge insurance. Back in the 80's, as an MSF instructor, we got a break from John Ball Ins out of Ill for $240 a year on my 86 goldwing interstate. Too bad cannot find something like that again. Geico phone rep indicated increase because of increase in underinsured ($54), uninsured($20), collision($25) and med($10) increases. They got us over a barrel just like the Government and IRS.

Rob Asay
99 Canyon Red Lt
"The True Red Dragon"
1982 Honda "Silver Wing"
1986 Gold Wing Interstate "Blue Babe"
1978 Gold Wing
1976 Kawasaki 900
1967 Honda 305 Scrambler
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post #42 of 43 Old Aug 4th, 2009, 3:21 pm
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Location: Rio Rancho, NMUSA
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Re: Insurance

Insurance is a total racket. I had Progressive for years and when I got the KTM they classified it as a Sport Bike. Arguing it was a Dual Sport did no good. So I dropped them and went with Dairyland. They were much cheaper for about 3 years, then for no reason my rates went sky high....they decided after 3 years the KTM was a Sport Bike. (no tickets or accidents....no claims) I tried GEICO but they were out of sight...again the Sport Bike thing. I tried State Farm because my car, house and life insurance are with them.....they don't like to insure motorcycles in Texas.(ATV is ok but not a bike)

I went back to Progressive because they decided the KTM was NOT a Sport Bike after all.

Bob Walker
Rio Rancho,NM
'13 Yamaha Super Tenere
'00 LTi Trike, Basalt Blue
'12 K1600GTL, Dark Blue(Sold)
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post #43 of 43 Old Aug 5th, 2009, 12:46 pm
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Location: Saint Paul, MN, USA
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Re: Insurance

Quote:
Originally Posted by DakotaDude
Try getting a quote with Dairyland (through an agent) if they write business in your state. The K1200S is a high-performance bike and you are suffering the effects of a high performance surcharge on that bike. I have an '03 Kawasaki ZZR1200, insured through Dairyland for $232 per year (full coverage with $250 comp and collision deductibles) My '00 LT is on the same policy with the same coverage for $92 per year. The difference in premiums is primarily due to the ZZR being rated as a high-performance bike and the LT as a standard-performance bike.
DairlyLand
$183.24 full year for a 2001 LT with 100/300/100 and 500.00 deductable.


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