Originally Posted by dandiver
I know there have been several recent threads about Insurance, but this just pertains to Florida riders. The insurance for my bike runs around $850.00 a year and that is for what my State Farm agent calls "full" coverage. 250,000/500,000/100,000 and Uninsured 250,000/500,000.
Knowing first hand what it cost to go to the hospital, (unrelated accident 10 years ago) and the fact that about 25% of the people driving in Florida don't have insurance, I won't drive without the Uninsured coverage. My premium has been "reduced" because we have total coverage on the home and two other vehicles. What are you paying for Florida coverage? I've shopped around and everyone I check with comes in higher.
My motorcycle coverage is with Progressive. I also have my RV with them but my auto and home are not.
My annual premium for two bikes, '05 LT and "01 1150GS, is $288.86. I'm sure it's obvious that for that price I do mot have Uninsured Motorist. The break down is;
$199 for the LT
$121 for the GS ( Yea, I know that doesn't add up to $288 - I get a $34.34 discount for paying in one lump sum rather than monthly)
The coverage is $100,000/$300,000/$50,000
I've thought a lot about UM and have had many discussions with other about it. I guess the bottom line is that I'll take my chances and hope that between Medicare and my Supplement coverage I'll be taken care of.
I could probably do a little better with other companies but the way Progressive treated me after my crash two years ago I'll stick with them. Their service as far as handling the wrecked bike, allowing me to strip off my farkles, paying me a very fair price+sales tax when they totaled the bike and maintaining constant communication with me throughout the entire process was above reproach. They put out more than $10,000 for that crash and didn't raise my rates.