I thought it might be a decent idea if people wanted to put up their insurance information on the board to help us all put our policies into perspective. I was thinking: Company, Coverage, Cost/year, age, location, years riding experience, and driving record. I'll start!

Progressive

21 yrs old
Atlanta, GA
1.5 years experience, MSF course
Clean Record

Rider Insurance (local, available to only a couple of States)
Liability only
$98.88 per year
4 years riding
no tickets or accidents
New Jersey (where everything costs more!)

Cookie

Quote from: gsatterw on January 02, 2013, 02:05:10 AM
I thought it might be a decent idea if people wanted to put up their insurance information on the board to help us all put our policies into perspective. I was thinking: Company, Coverage, Cost/year, age, location, years riding experience, and driving record. I'll start!

Progressive
Liability only
$95/yr
21 yrs old
Atlanta, GA
1.5 years experience
No tickets, one at fault car accident at 16 yrs old

might want to also state if youve got a safety course discount.

Liberty mutual
$17 a month
A few tickets on the record
Full coverage (loan on bike) $500 deductible.
Cincinnati Ohio
36 year old.
13 years riding
Safety discount

Texas with Clean Record. 31 Year Old Single Male.

poop

20 yr old single male near atlanta GA
0 years riding experience
nothing on record
no msf course (yet)



I have terrible luck, hence the comprehensive >.> Fully expect it to get stolen, or have a stray mortar shell hit it while parked.

State Farm
$50/month
Full Coverage
18 year old <- Reason price is high
CMSP Completed (California Motorcycle Safety Program, which is MSF Sponsored)
2005 GS500F With no riding experience

Progressive,  02 GS500
80 yo married male in Lake county, Ohio
with 28 yrs experience riding

Bodily Injury & Property Damage   $100,000/300,000/50,000
Comprehensive    $100 Deductable
Uninsured/Underinsured Bodily Injury   $25,000/50,000

Total Premium   $75 per year

No Collision Coverage
No MSF

I am an insurance agent (our agency does all lines commercial, health, life, personal, bonds, etc one of the largest and oldest in Michigan 90 years).

The bad part about this is states may have completely different requirements and as such will vary greatly. Also as mentioned limits and driving record, insurance type (full coverage, PLPD (Pers. Liability/Prop damage) and Comp (theft, deer, catching fire, tornado, etc) will vary this greatly.

Its going to be interesting to read however.

I have comp only on mine right now so once I get closer to summer and plan to drive I will update my post with info.


Oh and your credit score has a huge effect on insurance pricing. We have also seen some carriers start to surcharge if you have put insurance at minimums in recent years.. they have experienced higher than normal loss ratios with clients that insure only to the minimum amount (in MI its 50,000 for liability minimum, although 100k/300k is "standard"). For what its worth.

Mine with Allstate is pretty cheap because of 5 bikes, car and house.
One thing I like is $1000 coverage for add-on equipment.
I think it is like $440 for all my bikes. The 1973 TS-185 is more expensive than the 90's GS500's because it is an antique and has replacement coverage.

Each of my bikes costs about $350 a year for full comprehensive insurance. I'm a Rating 1 - have the lowest insurance possible due to my good history.

With our registration we also pay Compulsory Third Party (CTP) insurance. This is for Personal injury. It's covered anyway in my Comprehensive but c'est la vie.

Most other insurers charge $540-$580 for each bike. And one quoted me the other day $2,500 for the year for one bike.  I asked if she had the details right and not triple price and high risk 19 year old rider. Yup. She also told me they don't normally insure bikes - I can see why.

Just for your curiosity, my rego was due. $420 for the year for my GS500 - half of that is the CTP.

So with govt rego and my own insurance it costs $770 to have a bike on the road.

Michael

 Holy crap, I think I'm paying something like $625/yr for pretty much full coverage with Geico.  22 year old male with one at-fault accident 2 years ago.

I still don't think I'd touch any of these sub $100 numbers even with liability only.

Quote from: Watevaman on January 02, 2013, 06:53:10 PM
Holy crap, I think I'm paying something like $625/yr for pretty much full coverage with Geico.  22 year old male with one at-fault accident 2 years ago.

I still don't think I'd touch any of these sub $100 numbers even with liability only.

Worth a quote with Progressive...I they quoted me at $350/year with comprehensive and collision. I only have liability though, as previously stated

Arizona
Progressive
21

Insurance? Whats that?

What the hell is "Anti Theft Fee"?

Was quoted for, but never purchased since I don't ride enough anymore to justify:
USAA/Progressive
20 YO male
MSF course <3 years ago
Motorcycle endorsement

Bodily Inj + property damage- 50000/100000/25000
Under-insured motorist BI- 25000/50000

$183/yr

I'll be the first to admit I'm no expert on insurance or accident statistics, but I feel like, even if I T-Bone the pants off of a Porsche, it's going to be less than 25K. The upgrade from 25/50/10 was only $23/yr, so I feel like that's a safe bet.

It's worth noting that if I take away the under-insured motorist BI, my rate drops to $98/yr. That is almost half. But my good friend Murphy explained to me that if I do end up in a seriously body-harming accident, it will always be because of someone who has no insurance. I will also acknowledge that I just lumped myself in with those people by not actually purchasing this package.

I have insurance on my car though. Give me some credit.

Insurance for Spewey when he was road legal was as follows;

CTP Green Slip $181.00
Comprehensive Insurance $212.00

25 years old, 2 years road riding experience, 7 years driving experience, Gold Membership (65% off insurance for life), no accidents, one speeding ticket which was overthrown in court, didn't have to do my Up-and-Riding Course cause I lived 3 hours away from the closest course provider. Having 2 Bikes and a Car with the same provider helps too.

My original bike, a Hyosung GV250 was about $100 more expensive to insure. Less power, less CCs, more cash.

Quote from: adidasguy on January 02, 2013, 11:01:26 PM
What the hell is "Anti Theft Fee"?

LoL i dont really know. I looked in my policy documents and couldnt find anything.  I think i might call down and ask. Im hoping it means if my bikes stolen they pay for it. For a dollar a year that'd be a "steal" haha