Ducati Monster Motorcycle Forum banner

1 - 14 of 14 Posts
T

·
Guest
Joined
·
0 Posts
Discussion Starter #1
All,
I am in the process of purchasing a 2002 ducati 620ie dark with 500 miles and I figured I had to get insurance for it. I figured it cost about 500 a year tops. I got a quote of 1100 a year for the bike with the lowest coverage and the highest deductable.

Does anyone have a good insurance provider they use? I was kinda shocked at the 1100 price for bike insurance. I have two cars a 2003 and a 1998 and intotal my insurance is 1600 a year for them.

Thanks
Mike Sab
New Jersey
 

·
Registered
Joined
·
2,495 Posts
I use McGraw for the HD's and Progressive for the Monster. It all depends on your Driving Record. All of the bikes are fully insured.
 

·
Premium Member
Joined
·
374 Posts
There are some pretty loooong insurance threads on this forum. Do a quick search. I pay 1300 for my 03 M800 a year. Your quote was not uncommon. But lets not let another insurance thread get going...........
 

·
Premium Member
Joined
·
862 Posts
look around some more.. I had quotes that were all over the place.. progressive quoted me about $1900 ... I moved my car over to Farmer's Insurance with the bike and the total for the two is about 1900 now.. I was paying 1300 for the car on its own before

The coverage includes collision and comprehensive.
 
S

·
Guest
Joined
·
0 Posts
Discussion Starter #5
I see that you are in New Jersey. I think the term "reasonably priced insurance" has been outlawed in that state.

Keep shopping around though, you may find something. I have heard that McGraw Insurance is pretty cheap. Don't know if they are in Jersey though.
 

·
Registered
Joined
·
136 Posts
I just bought my first monster last week and had to get it insured. This is what I went through to get it insured:

I bought a 2001 M900. I have 3 years of licensed experience and took the MSF class. I live in CA. I have a clean driving record. No tickets, and no accidents within the last 3 years.

-Did an online quote with Progressive. They wanted $1800 a year.

-Allstate wouldn't quote me.

-The first State Farm insurance agent I called wouldn't quote me unless I had my car insured with them. I called another one, they took all my info and were supposed to call me back with a price. They never did.

-21st Century, who I insure my car through, wants you to have at least 3 years experience. They quoted me about $2000 a year. They wouldn't give me a multiple discount on my car, but would on the bike. (Where that factored in, I have no clue.)

After calling all the majors (and getting no replies from some), I picked up the yellow pages and just called about 6-8 different insurers with large ads. The cheapest quote I got was from some small insurer. It was $1200 a year (a little over $1000 without the brokers fee). The insurance actually went through Progressive.

So the moral of the story is, beware the online quotes, because the brokers know how to fenagle the system better than we do. I should have tried to negotiate some of the broker's fee. I don't know if they budge on those, but it can't hurt to try!

Hope that helps!
 
T

·
Guest
Joined
·
0 Posts
Discussion Starter #7
Wow unreal. my friend has a 1982 750 honda seca and he pays 350 a year and his wife has a 1998 750, (not sure what type) and she pays 289 a year.

I just bought a 2003 acura 3.2 and my yearly insurance with full coverage is 700 for it and this car costs 28k. the bike is only costing my at most 5k. I dont understand there numbers.

I have a perfect driving record.

/shrug If I cant get insurance for about 600 to 700 a year I am not going to be able to buy the bike and that is going to be a sad moment for me :)

BTW, I live in New Jersey where the insurance is all screwed up to begin with.

Mike Sab
 

·
Premium Member
Joined
·
186 Posts
i'm in nj and my insurance with foremost insurance is ~$600/year for an 02 m620. that's for full coverage, higher liability limits and msf, experienced rider, and renewal discounts.

another option would be www.njrider.com

my car insurance is somewhere in the $2k range. :(

good luck.
 
T

·
Guest
Joined
·
0 Posts
Discussion Starter #9
What number do you have for formost insuranace. I am going to call them today.
Thanks
Mike
 
T

·
Guest
Joined
·
0 Posts
Discussion Starter #10
Found some decent insurance. Ryder in NJ offers basic liablilty for about 200 a year. Collision and theft is about 683 with a 500 dollar deductable.

Whew. now I can get back on track.

Thanks for the input.
Mike
 
S

·
Guest
Joined
·
0 Posts
Discussion Starter #11
I know Ducati has their own insurance, just plug in Ducati Insurance in the google search window, they only cover in certain areas so you have to check, also they did cover in my area and suddenly they dropped it leaving everyone who had it out in the cold. The other comapany that I have had quote me I Country Insurance they were very inexpensive about 400 for full coverage of my 996. I don't know how good they are, so good luck. BTW I have Allstate and it costs about 1500 to fully cover my 01 996 and 96 900m, and they let you put bikes on suspension so while your not riding it costs $10 a month.
 

·
Premium Member
Joined
·
6,957 Posts
I have Allstate (now underwritten by McGraw)
$1559/year.

thats's for 2 riders
and 5 bikes
01 M900Sie
97 M750
93 900SS
97 DR650
96 DR650
full coverage on the ducs, liability on the suzukis.
 

·
Premium Member
Joined
·
1,416 Posts
I have no tickets, an MSF course, and I got quoted some very high premiums through Allstate ($1900/year) and the company that had charged me $341/year for my Suzuki, Pacific Specialty ($1400/year). I ended up with full coverage and 250/500 liability (can't get enough of that if you take passengers) from INA through ducaticycleinsurance.com for $700/year. I checked into it and INA is a reputable company. I have my home and car insurance through Allstate and my agent told me that Allstate does a 150% surcharge on certain bikes, which includes all Ducatis. I don't really understand that, but I obviously took my business elsewhere.
 
1 - 14 of 14 Posts
Top