Hey guys and gals,
Although I'm getting no love from Ebay, Cycletrader and the rest, I can feel my bike humming nearer and nearer ... as it will be my first [and I don't have a car], a question about insurance - actually a lot of them LOL :
I've done some online checking with Progressive and some others, and they want around 1300 $ [Hey, I'm over 25 and have a clear record :x ]
Any tips on how to shop around for the best rates ?
Also, can I get a shorter insurance term ? I'm looking for 3 months, b/c after that there is a good chance I'll be headed overseas 8) [WAIT A SECOND :? ... I'm in WISCONSIN ... we never go anywhere ... LOL].
Last, but not least, can I set up the insurance BEFORE I get the bike ? E.g. let's say I end up with a GS500 :thumb: ... can I just ask for everything to be done ahead of time and then the VIN and all the other particulars can be plugged in quickly so that I can actually enjoy my purchase ?!?!
Thanks for the help,
AJ
there are several companies.
geico ( i think they stopped insuring new riders ), McGraw, Progressive, bike-line.net etc.
I had geico for 2 years, but now i am with bike-line.net.. lets see how it goes..
I pay 400 for full coverage on mine. I am almost 25 and i have no tickets, one accident which isnt actually my fault - but it was because i dropped my bike and made an large insurance claim.
that will drop off this year though.. so come time when i turn 25.. i will probably have a nice drop in insurance accross the board.
As for getting all the paperwork done ahead of time. i did that with geico when i bought my bike... so tehy only asked for the vin and it was set.. i could ride out with the new bike no problems.
Quote from: The_good_guy...that will drop off this year though.. so come time when i turn 25.. i will probably have a nice drop in insurance accross the board...
:roll: :lol: Don't hold your breath, chief. Remember who you're dealing with-- insurance companies !:lol: :roll:
Hey there good-guy,
Thanks - I'll check bike-line.net out :mrgreen:
AJ
Hey good-guy,
They quoted me 580 online, but that's probably b/c I have not had a bike before ... that's still less than HALF of the other quotes I've gotten, so THANKX :thumb: ... can you do the whole "plug in the VIN" thing with them ? Do you think I could get a better deal if I call them ?
AJ
I tried the quote thing. Not too bad even with collision :)
Although if you try the same thing with a faired bike, they'll have you squealing like a pig :bs: Doh, I even tried looking up a regular SV and they want over 3 grand from me if I get comp/collision :o With rates like that, I could just wreck my bike and buy a new 600cc naked every 2 years riding around uninsured.
I just got my bill from American Family - $114/year, full coverage.
There are advantages to being old and having a good driving record and insuring four cars, a house and personal liability policy through the same company. Of course the bills (liability only) for my two kids cars total about the same every six months as my full coverage on my car and the bike for a year.
I just bought insurance from bike-line and I'm in Wisconsin, they actually have their office for paperwork and phones in Pewaukee, where I'm from. After checking around they were the cheapest.(edit: cheapest for me) At 21 and 1 ticket I'm paying $160 for just the basics with a $250 deductable. Once you start putting collision and higher coverages on the price jumps up fast. Collision would be nice, but I just can't afford it now. I guess I just wont crash :roll:
Quote from: mjmI just got my bill from American Family - $114/year, full coverage.
Same here: $114/yr. for liability and comprehensive with AmFam, where we insure the house & cars. I think that half of the cost is for collision.
GPMagnus, if you are not currently insured with any carrier, then most carriers will place you in their "high risk" group for 6 to 12 months. I had a lapse in coverage once, and my cost went up by about 200% for a year when I started driving again.
For your age,
bike-line.com's quote sounds reasonable. It sounds like they may not play the "stick it to the newly insured" game, so I think you've got a winner there.
Regarding whether you can get insurance for just 3 months: probably not. However, if you pay for 6 months or a year, but then you cancel the policy after only 3 months, then the insurance company will refund the remaining balance. It may take a few weeks, but you'll get your money. You can also ask if you can pay monthly using direct-debit; that way, there won't be anything for them to refund.
[/quote]Regarding whether you can get insurance for just 3 months: probably not. However, if you pay for 6 months or a year, but then you cancel the policy after only 3 months, then the insurance company will refund the remaining balance. It may take a few weeks, but you'll get your money. You can also ask if you can pay monthly using direct-debit; that way, there won't be anything for them to refund.[/quote]
There are some smaller companies (Dairyland in Wisconsin did in th 60's & 70's) that offer policies by the month - at high risk rates. But if you only want to insure during the riding season and do not have the money to pay for a six month policy this type of company may be an option.
Thanks guys - you are informative. Six months is better than a year but its still WAY too long. Obviously I'd be getting a higher rate the first year - it makes sense - I'm just wondering how common cancellation pollicies are and what's the penalty for them. The pay every month is not a problem, so maybe that is the way to go !
Thanks guys,
AJ