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  Topic Review (Newest First)
Aug 5th, 2009 1:46 pm
stapleford
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.
Aug 4th, 2009 4:21 pm
BobW
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.
Aug 4th, 2009 1:40 pm
robasay
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.
Aug 3rd, 2009 9:07 pm
cfell
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..
Aug 3rd, 2009 7:14 pm
petepeterson
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 wasnít 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..........
Aug 3rd, 2009 6:40 pm
RaffyK
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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Aug 3rd, 2009 6:31 pm
tonygret
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 wasnít 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.
Aug 3rd, 2009 12:52 pm
Nediesel
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.
Aug 2nd, 2009 7:37 pm
RaffyK
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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Aug 1st, 2009 3:39 pm
wacolt
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!
Aug 1st, 2009 3:28 pm
wyliedave
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.

Dave
Aug 1st, 2009 10:58 am
jerrywritebol
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.
Aug 1st, 2009 7:58 am
Slim
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
Jul 31st, 2009 11:32 pm
RaffyK
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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Jul 31st, 2009 7:44 pm
Ted Shred
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?

Jul 31st, 2009 5:09 pm
RaffyK
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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Jul 31st, 2009 5:04 pm
motorhead
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
Jul 31st, 2009 5:03 pm
pushin9s
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.
Jul 31st, 2009 4:30 pm
DakotaDude
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.
Jul 31st, 2009 3:07 pm
Caveno
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!
Jul 31st, 2009 1:18 pm
Lynn_Keen
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!
Jul 31st, 2009 1:05 pm
Duane_in_Florida
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.
Jul 31st, 2009 12:49 pm
D.Kinsey
Re: Insurance

425.00 with Geico.....09 Triumph Sprint ST....I looked/rode the S
Jul 31st, 2009 12:43 pm
RaffyK
Re: Insurance

Thanks Ted:


He came in at $906.00.



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Jul 31st, 2009 12:15 pm
Ted Shred
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.
Jul 31st, 2009 12:05 pm
cealbrecht
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.
Jul 31st, 2009 11:39 am
Toolman
Re: Insurance

Almost afraid to tell you how low mine is....$154 for my 2002 LT...with Progressive
Jul 31st, 2009 11:07 am
david_yancey
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).
Jul 31st, 2009 3:48 am
RaffyK
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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Jul 30th, 2009 11:47 pm
wa1200lt
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,

Aunt Bea
Jul 30th, 2009 11:14 pm
markc
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.
Jul 30th, 2009 10:53 pm
Kra961
Re: Insurance

Try GMAC really good rates in fact BMW uses them as their dealer insurance
Jul 30th, 2009 10:52 pm
Florian
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.

F
Jul 30th, 2009 10:50 pm
RaffyK
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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Jul 30th, 2009 10:43 pm
LodiHal
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!
Jul 30th, 2009 10:37 pm
Florian
Re: Insurance

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


Give em a buzz, you may be suprised.



F
Jul 30th, 2009 8:04 pm
scottydawg
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.
Jul 30th, 2009 7:53 pm
RaffyK
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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Jul 30th, 2009 7:49 pm
larryschumer
Re: Insurance

I'm paying $440.00 for Geigo with $250 deductable for my 2003 LT.
Jul 30th, 2009 7:47 pm
Ted
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.
Jul 30th, 2009 7:45 pm
Dick
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!!
Jul 30th, 2009 7:33 pm
RaffyK
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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Jul 30th, 2009 7:07 pm
RaffyK
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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