Insured with:
Progressive (I clicked on an ad on this site. Hope it helps!)
Annual Insurance Fee:
$736
Comprehensive: (Pays for loss or damage to your covered vehicle caused by any event other than collision. This includes damages due to events such as fire, theft, windstorm, flood, and vandalism.)
$250 Deductable
Collision: (Pays for loss to your covered vehicle when it collides with another object or overturns.)
$250 Deductable
Accessory coverage: $3000 (included)
I feel pretty safe with these numbers but let me know if I should lower or increase any. I like that collision protection also cover me dumping my bike. I figure if I eventually drop twice I can pay the $250 to take it to the shop and get her fixed up. I'm sure my rate would increase the following year though.
Your age and your riding experience will always give you a higher rate. Complete the MSF course and it will save you about 20%.
I use Foremost, which is linked off the Ducati website. Coverage levels are comparable with yours for $230 / year. I am 38, married with kids, riding for 15 years, AMA member, Desmo Club member, ect. These all contribute to a very low rate.
Foremost also considers where you live and adjusts. For example, I am in Chicago and they know that the riding season is about 8 months at best. They factor this in and average it. This saves you the hassle of down grading your insurance to only fire and theft during the winter months.
Jim
My license is about two years old without any accidents or movers (knocking on wood). My insurance in Queens was $520 a year, minimal insurance through GEICO, and now in Long Island its $415 a year.
In NYS, a motorycycle safety course would lower my insurance an extra 10%. I shopped around and GEICO had the best rates.
damn im payin like 1200 a year and im an msf instructor lol. with progressive, military, but its with my S4R and im like wanted in like 3 states lol (im kidding in the last part) but my tickets are killig me too.
Dang, you guys are getting killed. 39, no tickets/claims, 97 M900, 500,000/500,000, comp, coll, theft, towing, un/under insured, accessory/gear coverage = $210/year with State Farm. Wife's FZ6 is 20 bucks more for the same coverage.
'01 S4. 48 years old, married, no tickets lately (traffic school you know), 1 felony speeding ticket several years ago, still can't buy guns, 38 years riding experience, motorcycle license for 32 continuous years, Central California (location makes a difference). $276/year, full coverage. My CBR900RR with liability only was $82/year.
Yikes! I hate to be one of those annoying "I got y'ah all beat" kinda guys,
but you're getting steamed rolled compared to me. I'm currently
insuring 3 bikes (M750, ST-2 and a 955 Speed Triple) with the same
100/300/50 liability coverage for $139/year total through Allstate.
Of course I'm sure I'm considerably older than the median age here,
and I also insure both my house and car with them too, hence a
discount. Sorry for any disillusionment. However, a helpful suggestion:
drop the collision and the comprehensive coverage. The standard rule
of thumb is such coverage is no longer cost-effective once the bike
exceeds 4-5 years in age.
Thanks for the figures and advice guys. I forgot to add that I'm 27, live in the San Francisco Bay Area (which means I drive year round) and also marked the bike as my main mode of transportation.
$700+ plus for annual insurance was a bit for a bike I only paid a little over 4k for but the coverage makes me feel pretty safe out there (since I got frame sliders I may drop the collision option next year - good call.)
I was checking rates on progressive and here are few interesting things I found -
1. I would save around $125-$150 pa on a 2009 brand new bike compared to 2010 same model.
2. ABS option only makes a difference of around $35.
3. Real trigger for price increase was CC. I changed the model from 696 to 1100 but I got he same price. The price did not go up until I changed the CC figure.
4. Naked bike insurance premium is almost half compared to supersport bikes.
5. Harleys have the lowest premium for brand new bikes.
I'm 36 married no accidents no tickets been driving 19 years clean record I ride a 2007 S4R. I have full coverage with Traders General and I've called around to ALOT of companies I do it every year to compare rates. The cheapest I've been quoted is $1417 a year. Up here in Toronto we can only ride safely 6 months. Companies demand you have to stay insured for the year. You cant cancel for the winter/off season. In Ontario Insurance companies rape you. Its the most frustrating thing. Hearing you Guys talk about $250-$500 a year kills me. Oh well, ride it like you stole it. (But safely)
Newer motorcycles have high insurance premium. A brand new 2010 crotch rocket would be atleast over $1k for a new rider. Cruisers and naked bikes are usually cheaper. Anyone thinking about buying a new motorcycle should take the insurance cost into account, the cost is significant for first few years.
40, married, no accidents, multi car, homeowners with State Farm.. '04 620, full coverage... $213/yr
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