My current company (Progressive) is charging me $1500/yr for my 2004 gs500f, so i decided id get a quote on a 05 ninja zx-6r...$6000/yr
wtf?
does this make any sense, i think thats absolutely absurd....
whoah mine was only like 560 for full on my 96, 219 for liability and was about the same for a bandit 600s(40 more)
what kind of record do you have?
well im 19 have MSF course NEVER BEEN IN ANY ACCIDENT and NEVER had a ticket, so wtf is with these quotes?
:o Whaaaaat ! The only way I can see how that might be justified was if the applicant was blind-deaf with a history of drug abuse and drunken driving, even by our standards that sounds a crazy price. :?
what i can't understand is that they insure my GS at a reasonable price... how can they possibly quadruple the price for a zx-6r....
Quote from: '04gs500fdoes this make any sense, i think thats absolutely absurd....
are you under 26? are you fairly a new rider?
if so, yes. if you have nay kind of record, definitely yes. but try other insurance companies. if you also have a car insurance, go with the same company. it should drop to $2000ish.
my original car insurance company (state farm) refused to insure my GS and wanted to charge $3k a year, i dont even see $3k a year on a zx-6r as being fair at all... considering me record...theres no way in hell
if those are serious quotes i blame asshats like that 636 crash guy that was posted on our board, grrrrr people like that make me broke ive lost over $6000 to insurance companies since i first started driving and NEVER once used the company for any kind of repair or accident
Blame the squids. Statistically, the insurance company will be paying a total loss claim on that ZX6 within 3 months. That's how they justify the sport bike rates. If there was a regulatory system in this country to prevent dicknuts with no sense from buying 150 hp superbikes for their first two wheeler since the training wheels came off their bicycle, we wouldn't have so many accidents, so many claims, and such high premiums.
I'm 30 years old - pay $124 per year on my GS for liability. Got a quote on a R6 - $3,000. I asked the agent why, he replied with the statistic above. Doesn't matter that I've NEVER made a claim in 14 years of driving and 10 years of riding.
Quote from: octaneBlame the squids. Statistically, the insurance company will be paying a total loss claim on that ZX6 within 3 months. That's how they justify the sport bike rates. If there was a regulatory system in this country to prevent dicknuts with no sense from buying 150 hp superbikes for their first two wheeler since the training wheels came off their bicycle, we wouldn't have so many accidents, so many claims, and such high premiums.
I'm 30 years old - pay $124 per year on my GS for liability. Got a quote on a R6 - $3,000. I asked the agent why, he replied with the statistic above. Doesn't matter that I've NEVER made a claim in 14 years of driving and 10 years of riding.
how do any of the idiots that actually start riding these kinda bikes afford it???????
you are 30 and get quoted $3k a year thats f*cking nuts!!
oh no way.... this looks like a scam to discourage motorcyclists from insuring with Progressive, when i did the quote with all the same info as my current account without logging in it quoted $6k everytime, i logged in and selected a zx-6r to replace my gs and its now $4k, still frickin expensive but makinga little more sense
Quote from: '04gs500f
how do any of the idiots that actually start riding these kinda bikes afford it???????
They will give credit to almost anyone these days. You would be amazed how many morons finance a big sport bike or harley as a first bike. Some of the loans end up being 19% :o They get minimum insurance and then wreck in 2 months. Then they spend the next 4 years paying off a non-existent bike.
:dunno: People are nuts :dunno:
i got a quote from AIG for full coverage at $1600 a year, only one catch,
i gotta pay off the bike within the year....
i dont think i can pay off 6100 in a year and cover insurance
Just for kicks I checked on full coverage for a new RC51. I'm 34 and haven't had any tickets or wrecks since I've been driving. The quote was for $8500. :o But if I get only liability it will be around $150. So if I do get a bike in that class in the future liability will be all I could afford. It's all I've got on my '97 GS500 now as full coverage isn't reasonable considering how much I've got invested in the bike.
Derek
Try Geico CycleGard (1800-44-CYCLE). I have them for my car insurance too and they are great to work with customer service-wise. The premium is about the same as my previous insurer (Ball Ins./Progressive) but is better all-around and gives better incentives and future discounts. I am 22, no tickets or accidents and for full coverage, required b/c of the loan through a bank, is about $710 for the year for my '99 GS500e. But the cheapest insurer for me could be the most expensive for the next guy so check around. The other thing is, any bike like yours that has the full fairing plastics is probably going to have a higher premium. Check it out and let us know how it goes[/i]
is 26 the age when rates drop?? Crap I thought it was 25. And I was one month away lol.
Piss.
But yeah, I've gotten some absurd quotes... like 5500 for an sv650s for cryin out loud.
Yikes, yeah don't feel bad about insurance, I go through American Family, when I got my 99' they charged me like $90 for a six month policy(granted it was along with my mom's insurance), this year when I go to renew it it jumped up to $160 for a six month policy. Of course this is just no-fault liabilty, so it keeps the price down.
However, my buddy was in you same position, he called his insurance agent and got a quick quote for a 2005 GSXR, well the insurance guy assumed no fault libilty, but my friend either forgot to mention or didn't tell them that he was going to finance it. Well to his suprise the quote realized to about $8000, more money than he got the bike for.
I said that is crazy, hoped on Geico.com, and got a more realistic rate(under his mom) for $2000 a year, which isn't to bad. He is only 19, a clean record.
While I was there I checked my insurance rate also through them, and by myself I could get a $200/year policy.
Give them a shot, just make sure you tell the truth cuz they are only quotes so they can be the most accurate.
P.S. That damn GSXR he bought is sweeeeet....so much smoother than the clanky clank of the ol GS, and hella fast.
progressive im 21 and have a 04 gs500f and pay 560 a year for full coverage. but it can be cuz i got a car with them as well. so maybe i got a discount but i dont use a dealer i do it myself online
I've found Geico's rates to be a little on the high side. I have my bike insurance with Progressive. No collision, comprehensive (only $30/year more), and higher than minimum coverage for the rest (liability, uninsured motorist etc.)
I'm 21, male, single, no tickets or accidents and I pay $270/year.
Geico wanted $500 for the exact same coverage.
i'll be financing if i do anything so i cant not have full coverage
Progressive just quoted me at 5000 for an sv650s. LoL Give me a break
Quote from: '04gs500fi'll be financing if i do anything so i cant not have full coverage
You could just ride the gs for a while, save your money and buy one later...
Quote from: '04gs500fwhat i can't understand is that they insure my GS at a reasonable price... how can they possibly quadruple the price for a zx-6r....
does your insurance come with sexual favors or something?
i live in Los Angeles and my comprehensive coverage is something like $330 a year.
i understand that you're 19 while i'm 27, but $1500 still sounds damn expensive. course, your bike's probably also worth a lot more than my 1994.
cheers,
will
I'm paying $450 a year for full coverage on my '97 TL1000 and liability for the '98 GS. 26 single with a clean record, endorsment, MSF course, and 1 year riding. Insurance through progressive.
If I add a 2005 GSXR1000 to the other two bikes it will only be 1800 a year for full coverage on the TL and GSXR and liability on the GS. Not sure why everyone else is getting such high quotes. Maybe it is just the area you live in. 1650 if I replace the TL with the GSXR. Not worth buying a newer bike if my rates are gonna go up that much. I checked and it seems that progressive pretty much goes by engine size when calculating rates. Any sport bike at or above 1000 cc for the same year comes out to an almost identical premium.
Quote from: '04gs500fQuote from: octaneBlame the squids. Statistically, the insurance company will be paying a total loss claim on that ZX6 within 3 months. That's how they justify the sport bike rates. If there was a regulatory system in this country to prevent dicknuts with no sense from buying 150 hp superbikes for their first two wheeler since the training wheels came off their bicycle, we wouldn't have so many accidents, so many claims, and such high premiums.
I'm 30 years old - pay $124 per year on my GS for liability. Got a quote on a R6 - $3,000. I asked the agent why, he replied with the statistic above. Doesn't matter that I've NEVER made a claim in 14 years of driving and 10 years of riding.
how do any of the idiots that actually start riding these kinda bikes afford it???????
you are 30 and get quoted $3k a year thats f*cking nuts!!
.............
"Life styyyleees of the rich and famous....ladi ladi la" -good charolette
I am 35 with no tickets, I pay $11 a month for my GS insurance. thats $132 a year.
I think it may be bacause you are so young.
must be where i live =(
Please change your picture there bud, it's distracing when I'm trying to drunken read this post. Fat guy dancing =funny
Quote from: dyranPlease change your picture there bud, it's distracing when I'm trying to drunken read this post. Fat guy dancing =funny
mmm quality entertainment
My very conservative side is started to rear it's ugly head. :mrgreen: If you can't afford it you don't need it. Just be patient and you'll eventually get in the financial situation to buy the bike you want. :cheers:
Derek
Quote from: DerekNCMy very conservative side is started to rear it's ugly head. :mrgreen: If you can't afford it you don't need it. Just be patient and you'll eventually get in the financial situation to buy the bike you want. :cheers:
Derek
i can finance the bike no problem, and yes i know its typical to want bigger and better ... ive decided to keep the GS, but i mean it's just not affordable for anyone my age to pay that kind of money each year...guess in the end it doesnt matter, ha even if i could pay for the bike in full the insurance would still kill me and i would NEVER go without full coverage *shrug*
I'm 17 now but I can still find a way to fork out $5k+ a year for insurance.....my advice, suck it up you sally's cause it's not gonna get any better. :)
Huh? :o
Okay yeah I hope thats in CAN, cuz paying 5k a year for a bike that is not even worth that much is crazy. Even if it is candian that is friggin crazy, I hope that is full coverage also!
Guess you must love your GS!!!!
yes and yes to both of those questions, I wouldnt ride a bike with less than 1 mil third party.
I just got a quote of 502.00 annually from Allstate. They are trying to compete with Progressive and just started offering decent bike rates. My cars are with them, and I waived the medical coverage because I have that with work.
When I called the first guy says "GS500? Suzuki? Is that one of those fast ones?"
I'm like "they're all fast, but no, it's probably not one of those fast ones...."
You are getting reemed. I just got my first bike and am fully insured for 760 a year for 2004 gs. Shop around, get an agent, they can save you a bundle.
Quote from: goatI have my bike insurance with Progressive. No collision, comprehensive
Comprehensive covers up to the replacement cost, for damage done by an unknown party, including theft, vandalism, etc. It won't cover collision costs, when you are at fault... unless the other driver takes-off, and then fault can't be established, and it becomes an "unknown party".
So if you cause an accident, pay-off everyone else to go home :) .
I just got my first bike last wednesday, a 1997 gs500e. I have completed the MSF coarse, I am also 19 years old, but I have no moving traffic violations. My insurance through Progressive on my bike is $111 for 12 months for liability. Look for another insurance provider - compare rates or something. Good luck dude, :thumb:
Welcome back dead thread......
....can't beleive I read all that again before realizing.
there is a price diff between insurance companies.
First 2years i was full coverage with GEICO cycle gaurd. Then I moved to Bike-Line.net for the last 2 years just liability.
Presently I pay 113/yr for liablity on the GS ( i hardly ride to justify full coverage)
With GEICO i used to pay between 650-750/yr full.
Bcak then geico was teh cheapest for a new rider.
My GS when on a Foremost Insurance Co. policy along with other bikes; with 100/300/100, uninsured/Underinsured, liability, collision and comprehensive was $93 annually. I just moved it to a separate policy because I added my 21 year old daughter to the bike. She just completed the MSF course, and has no ticket or accidents. Now the annual premium is $628 for the same coverage. The collision part is $400.
Don't worry man, I'm 21, and I have a perfect driving record. I have only had one claim, and that was a few years back cuz some dumb @ss stole my stereo out of my car. I pay just under $2,500 a year canadian for my 05 GS500F. I also pay $3,100 a year for my 95 neon. Figure that out. Until your 25, keep a bottle of lubricant in your pocket! :? Cuz the insuance companies are gunna bend you over and screw you in a very uncompfortable place, and I don't mean the back of a Volkswagen! :oops:
Quote from: CanadianGSUntil your 25, keep a bottle of lubricant in your pocket! :? Cuz the insuance companies are gunna bend you over and screw you in a very uncompfortable place, and I don't mean the back of a Volkswagen! :oops:
Yay, I'm 25 in 10 weeks :thumb: :cheers:
No more :bs: from the insurance companies :)
Although I'm sure there will still be some excuse for them to rip me off :roll:
I pay about $1000 for my car and about $700 for the GS to get comprehensive insurance (all Australian dollars). But then you've gotta add about $500 each for the compulsory third party personal injury insurance that we have to pay here in New South Wales at rego time. And then there's the actual rego fee, which is about $250 for the car and about $100 for the GS. And then $20 or $30 each for the roadworthy check. Hey, I might just sell them both and get a horse... ;)
Quote from: '04gs500fwell im 19 have MSF course NEVER BEEN IN ANY ACCIDENT and NEVER had a ticket, so wtf is with these quotes?
19 and a faired bike. go with a naked one and it will drop. and it should go down when you hit 21, 25, 26, etc.
my 93 (with 1 speeding and 2 other tickets on my record) is under $300/YEAR ... btw - anyone in MD try Maryland Cycle Direct - real cheap :)
If you live in Michigan check out State Farm. Some guy on the gixxer.com website told me about the Stae Farm place in Groose Point Hills or something and to talk to Nancy. Progressive quoted me $2700 a year for $1000 deductible. State Farm $531 a year with a $500 deductible. I have an 05 gsxr600 by the way.
Quote from: Jeremichi..check out State Farm..
I'm going to second that. I'm with State Farm and was paying $700 CDN for my 2004 GS500F. In fact, my 2001 CBR600F4i is $20 cheaper. I'm not sure how that makes much sense, even if it is a bit older than my GS, but I'm not complaining.
Don't feel bad man, I'm 19 too. Progressive also wanted to reem me wanting about 5K a year on a new 600cc bike. My State Farm guy wanted 1500 a year for just about any new 600cc bike, but it's still outa my range since i'm still paying on a new truck, insurance for that, my cell phone, gas, and currently a 4 wheeler(that I'm trying to sell). I've decided to go for an 04-05 GSF b/c the insurance is cheaper. Sure my pride will suffer when the gixxers blow by me, but i'll still have money, and i won't die as fast....
just my $.02
Josh :dunno:
400 a year for full coverage(FC) on my 04 GS500F. My insurance company is Progressive.
A new 600 Katana or SV650S would be around $1100 a year FC
R1 or BUSA $2397 for FC for a year.
I am 29, 30 in July and have a clean record.
My next bike is probably going to be a older 750 Katana or 96-99 GSXR600. Older nice bike a little less on insurance.
Insurance companies ( :nana: ) don't get to bend over motorcyclists in Washington. Because of RCW 46.30.020 mandatory liability insurance doesn't apply to motorcyclists.
Cheers to you Washington :cheers:
Damn! I'm 23, I pay under $400/yr for full coverage on my 97 GS500E, which was valued at about $1900 when I purchased it a few years ago. I have it on my father's insurance plan, which gives me multiple veh. discounts and discount because the house is through the same company.
I'm 30 and have been watching this forum for the past couple of months. My policy is $82/ 6 mo liability & uninsured motorist only on a '96 500e with state farm. I have 1 car wreck & following too close ticket from a year ago, but I have 2 cages insured with SF as well. They would give me some additional discount, like 15% if I can show them my msf certificate-although I didn't tell them it was 10 yrs ago I took the course.
I think the age limit varies by state. I dont know if it matters if you are male or female? I do know this right now (24 yrs old) $395 for liability. In a month and a half (25 yrs of age) $285 for full coverage.
What the hell? I am paying $1400 annually for full coverage and I'm 25. Sure, it's an '05, but how is it more to insure than my '01 Monte Carlo? You mean to tell me that it will cost more to replace a stolen/wrecked bike than a car? Please. Thanks, All State. shaZam!, Progressive was even more than that. Please, someone tell me how a bike is more than a car to insure. Full coverage on my Monte, '81 BMW and '79 Corvette was $1100 a year. :x :x :x
you guys are gonna hate me... $12 a month.
Quote from: vfrocketyou guys are gonna hate me... $12 a month.
for liability?
Bike insurance is so high because your getting quotes with "COLLISION" take off collision and any medical and it should drop a huge amount. Also try to state that it is for "Pleasure," $1000 deductable on comp, Tell them its 487cc because some insure by engine size and 500 is a cutoff so you tell them its only 487 and it should be lower.
Also as stated above it is because Mr Joe gets back from the military or SPIKE gets a job in Highschool and kills themself within 5 miles of the dealer because "A 500 is too small, you need at least a 750cc so I can make some more commissions off of you before you die."(typical salesman)
Im 22, no accidents, male. Paying $300/yr with AIG. If they ask say you have a job requiring a specialty degree, about 20% difference.
Oh well,
:dunno:
Well, I need comp and collision because it's financed. Well, nobody from the stealership told me that I need all that coverage, but when financing you usually do. And the deducts have to be $500 or under. So I'm kinda stuck. I'll hit up AIG and see what they say; I think an accounting degree is specialized enough :dunno:
Dave :cheers:
www.bike-line.com
I have all three of my bikes covered with comp and collision for about $700 annually..
I have a 2004 Honda VTX 1300
I have a 1998 Honda Shadow A.C.E. 750 (wifes bike)
and the 1996 GS500 (bike I keep for baby brother to use)
The wife is an insurance attourney and has checked them out. They seem to be a pretty good company..
Hi, my name is Dave, and the insurance rapists hate me. Look at this:
David C, your annual BikelinE rate is $4,233
Bodily Injury Liability 25000/50000 $146
Property Damage Liability 10000 $64
Passenger Liability 25000/50000 $111
UM/UIM Bodily Injury 25000/50000 $43
Comprehensive 500 Deductible $1,535
Collision 500 Deductible $2,306
Medical Payments 1000/100 $28
What in the world? Is it my name that pisses them off? That is absurd. Yes, assholes, I would like to insure my bike for an annual rate almost equal it the value of it.
:dunno:
I was thinking about getting insurance...
Maybe I should... :dunno:
My name is Dave too..
I have 18 years riding experience..
Quote from: MrDan19 and a faired bike. go with a naked one and it will drop. and it should go down when you hit 21, 25, 26, etc.
So, why do fairing raise the insurance cost? Simply because there's more crap to replace?
Add to the list get married, that drops it too. I'm a married 22yo with 0yr exp, two accidents (more than three years ago though...) MSF class on a new 04 unfinanced GS500F I pay $300/year with progressive. Had I waited a couple days for Gecko's (sp, I know) quote it'd be $217. Both for just liability.
Is there anyone that can explain these atrocious rates to me?
Short bio:
25 yrs old
single
no accidents or tickets on bike or car
Portland, OR
Financed bike
Faired and first bike (but removed and sitting in basement)
Anything else that affects it? Accountant, college educated, ...
I am baffled. What a rip. Granted, I need full coverage. But how does that add so effing much to the rate? The bike is $5K, not $50K.
Keep shopping... Don't throw stones or anything but I'm an insurance agent and sales manager for a P&C company (we don't even cover bikes)...
Most insuance companies start with an ISO rating for the vehicle. Then they look @ where you live. Areas with higher claims pay higher prices. Then they look you! Your claims history, driving record, age, marriage status, other drivers in your household, how you plan on using the vehicle, and some companies even base their rate on your credit (somebody did a study a determined people with good credit turn in less claims).
The best thing to do is insure your vehicle, house, apartment, anything else with the same company. And of course shop around. If you move or change vehicles or your policy is up for renewal make some calls. I have a good deal through statefarm and have no complaints about them (and I don't work there).
my $.02
Quote from: dionysusQuote from: MrDan19 and a faired bike. go with a naked one and it will drop. and it should go down when you hit 21, 25, 26, etc.
So, why do fairing raise the insurance cost? Simply because there's more crap to replace?
Not replacement cost. When I used to deal with bike shops on a daily basis (floorplanning bikes), I was told that most states consider a bike with a fairing a sport bike. Sport bike = faster = higher chance of an accident/theft/whatever and subsequent payout. Not sure if that applies everywhere, but that's what I found in PA, NJ, MD, and GA.
Figuring insurance rates is more voodoo than anything else...
So... My first few cars were junkers... The Basic State Required Liability insurance cost was low (at the time), but still didn't make sense...
1989 Nissan Pulsar - $80 per month
1969 VW Beetle - $90 per month
1979 Jeep Wagoneer - $110 per month[/list:u]Why would the bug cost more than the Pulsar? When I asked them, they couldn't tell me... They guy guessed that the year had something to do with it... But, then why did it go up MORE when I got a newer car? VOODOO!!!
This was all through the same insurance company (Progressive)... The best part is that when I called Geico, the quoted me EXACTLY double the Progressive quote... When I told them that, they told me that it was impossible for Progressive to give me that rate and I must have been mistaken. :lol:
I am 29 and pay $75 a year for liability on my 98 GS500E through Progressive. I think that is the absolute minimum you can go on cost as giving them my MSF # didn't change the number at all.
Chris
ISO didn't have many vehicle ratings back in '69. So most old cars have a high rating. Another thing with old cars (not a problem with the bug) replacement factory parts. And I mean factory parts! Nationwide got their asses sued big time about six years ago for aftermarket parts. Bugs are a little different because they were still made by VW abroad. But it's next to impossible to find a GM warehouse with parts for an old corvair or something... Sometimes newer cars are cheaper to insure with just liability than older cars, you get discounts for safety features. You'll find imported cars sometimes have higher ratings due to the price of parts. Also factored into the rating system is the ratio of total losses per claims of a specific vehicle... It's amazing... When I first started in the business I messed around with computers at work. I gave myself quotes for all kinds of vehicles. Would you believe a person would pay more for insurance on a KIA Sportage than a Lincoln navigator... but the KIA will be a total loss after a good hit (high rating) and $40k navi (low ISO rating) would be in the shop getting a new front end (smaller payout for insurance company)... It took me a couple years in the industry to understand these things... It's a bit confusing but sometimes it's actually fair...
To get the best rate sleep with your insurance person my wife gets me the good rates :lol:
Quote from: fettcolsISO didn't have many vehicle ratings back in '69.
It was only liability though....
They weren't covering MY car... Just the damage my car could do to someone else... The bug can't do much damage 'cause it's so light and the engine is in the back... The hood was like the first "Crumple Zone." I've seen bugs after they rear-end someone... There's not much left in the front.
But, it also doesn't really make sense that the GIANT Jeep would cost only a little more than the bug. If I hit someone in that thing, they'd be TOAST. Mass vs Mass, I would have had to hit a bus to screw up the Jeep... It was 0-60 in 5 minutes and 60-0 in 5 minutes... 9 MPG... :o Glad that thing is gone.
my 98 e runs me about 230 a year for liability with geico full coverage of the gse went up with the production of the gsf even though the e is the older model and not classified as a sport bike but a touring bike the gsf is classified as a sport bike and this has screwed up the prices on all the gs500's i checked with several companies this past year and 90 % of them said mine was classified as a sport bike a couple agents told me that same story of the gse to gsf and that changed the whole classification.
Most peoples best bet is to us ya daddy or ya mommy or even better your grammy lol agents love them 66 y/o women on those sexy 200hp+ gsxr1000's
The ISO rating still applies to cars with only liability. If it hadn't you would have been paying the same price for all three. You're on the right track with the bug jeep comparison but the rating is more for the expense of that front axel than it's weight. There's also another factor, uninsured motorist property damage. It's usually included with a liabilty policy and the rate is usually determined by the same factors. Some state insurance departments have some funny rules about UMPD but in most states it's per vehicle not per policy.
Here's the deal with state farm (in Ohio). They look at the year and engine size and that's it. That's what my agent told me (I trust her) and I haven't slept with her.
On a side note my girlfriend is an insurance agent too... and off limits... Damn I wish she sold cycle insurance I would be so hooked up..
Did you finance the bike? In Florida bikes don't require insurance to be tagged and registered like the cars do. When you finance a bike the finance company requires it as part of the loan conditions. If you bought your neighbor's bike, you wouldnt need insurance to get a tag.
Add the assholes and the idiots to the main reasons bike insurance is so high.
If they required insurance down here, you wouldn't find many bikers on the road. I know for along time it was my only transpo DUE to the fact I couldn't pay car insurance and the rates that Florida has. SOUTH Florida being the worse end of the state, as it's where everyone wants to visit, from mickeys place on down to J.B house.
What is the going rate for state minimum on 2 cars and a bike in like PA? 2 drivers over 30 no points past 35 months?