I just purchased a 2001 750 Monster and I was surprised how much my regular insurance company wants to provide coverage for my bike. Any thoughts or input on insurance companies that aren't afraid of covering motorcycles? thanks.
Shop around. I ended up getting a good rate from Motorcycle Rider's Association. Progressive quoted me a rate more than six times higher. I'm not kidding. Ducaticycleinsurance.com is not bad either. I think they use the same company as MRA, but I don't think their rates are exactly the same.
I use Progressive for all my bikes. One bike is liability only, and that costs me $62 a year, the others are full coverage and are about $650 and $550 a year respectively. After the first year on the VFR it dropped by about 40% for the second. 'Course they know I can only ride one at a time, too and I'm pretty old - age plays a huge role is bike insurance rates.
I haven't made a claim yet, so I can't comment on how they are to deal with in that circumstance.
This must be very frustrating for you. I went through the same stuff not too long ago.
My experience is that generally, a broker will give you a better deal than an insurance company agent. I got on the phone with Progressive and they gave me a ridiculous quote. I then called a broker, who gave me a great quote. I asked what the insurance company was and he told me Progressive. So I got 2 quotes, with significant cost difference, from the same insurance company. Go figure.
I called many other companies, but at the end of the day, my broker had the best quote. Good luck.
GTD, rates depend on factors like how long you have had a mclicense,if you have had previous mc insurance, tickets etc. Recently I have been getting quotes and Mcgraw and progresive are about the same for me. I have used Mcgraw for the last 5 years ,with 1 claim and would recomend them.Also some companies have discount for safety school and AMA membership
Thanks for all the responses. Both Motorcycle
Rider's Association and Ducaticycleinsurance.com do not provide insurance in my state and State Farm doesn't do online quotes so I need to call them. But I'm still looking and I'll pass on any information I get. Thanks again.
I'll chip in with Progressive. I had to call them because the Triumph is so old. Had to do a "declared value policy" for it. Full coverage on both bikes runs about $800 per year. (I'm 50 so that probably makes a difference; no claims). State Farm (all my other vehicles) wanted about $200 bucks a year more. As they say, YMMV! AND Progressive does provide the $1000 accessory coverage and roadside assistance.