my '06 S2R is my first owned bike. I am in MA, my collision insurance is getting quoted at about $250 per year with a $500.00 deductible.
Wondering what they would even cover?
With the value of a bike so low (relative to a car) is it worth carrying collision?
Thanks.
Tim
Do you owe much on your bike? If so, you should probably keep coverage.
Can you easily afford a replacement? If so, you might not need to worry about it - I don't know what your s2r is worth.
EDIT: I keep collision on mine - a couple hundred a yr is no big deal, and the bike is pretty new (M696), so the loss would be substantial if I totaled it. And we all know how easy it is to total a moto
It's required with my loan. My CBR900RR was $82/year for liability only, the Duc with full coverage is a little over $200/year.
Hilarity.
I just quoted my 695 at 307 for just basic liability. Full coverage? 1800
For shits and giggles I asked about my ex-trackbike, the 996. Liability: 756 Full coverage: 8351. Yup, you read that right, that's more than the bike costs .
The kicker? I only have 1 speeding ticket and no accidents on my record. It sucks to be 21 sometimes
Quote from: El Matador on May 14, 2009, 07:24:56 AM
Hilarity.
I just quoted my 695 at 307 for just basic liability. Full coverage? 1800
For shits and giggles I asked about my ex-trackbike, the 996. Liability: 756 Full coverage: 8351. Yup, you read that right, that's more than the bike costs .
The kicker? I only have 1 speeding ticket and no accidents on my record. It sucks to be 21 sometimes
With what company?????????
Quote from: El Matador on May 14, 2009, 07:24:56 AM
Hilarity.
I just quoted my 695 at 307 for just basic liability. Full coverage? 1800
For shits and giggles I asked about my ex-trackbike, the 996. Liability: 756 Full coverage: 8351. Yup, you read that right, that's more than the bike costs .
The kicker? I only have 1 speeding ticket and no accidents on my record. It sucks to be 21 sometimes
Check it out in New Orleans! My premiums on everything nearly doubled when I moved from Houston to NOLA.
State matters a lot - in NH (where i have a house) total (with Collision) = $295 per year, in MA (where i am a resident) pretty close to $800.
Good point on totaling it - was thinking tank dings etc. The bike is low miles (although i put 300 on it yesterday). Good piece of mind i guess for a couple hundred bucks. Thanks!
No, neither are financed. Both are aged & have plenty of miles and I got 'em cheap. I'd probably pay the purchase price in a year or two in collision premiums ~
JM
Quote from: El Matador on May 14, 2009, 08:24:43 AM
Ducati foremost ???
That's who I have in CT and when I was in AZ and the full coverage ins was/is $40 a month...
I carry full coverage including collision. It would cost a grazillion dollars to try to replace my bike.
I discovered if you are handy with tools and have a good place to find replacement parts(like the DMF) full coverage is NOT worth the price unless you want a new bike. I DO carry liabilty, uninsured, and extra medical though. Only the bike can be repaired or replaced cheaply, you and your limbs are gonna be expensive to fix. Uninsured is a no brainer for me, especially here in NM we have one of the hiighest uninsured rates in the country I believe.
Quote from: Spidey on May 14, 2009, 10:30:29 AM
I carry full coverage including collision. It would cost a grazillion dollars to try to replace my bike.
It'd be worth *way* more if you took out Stu.
Just sayin'.
Quote from: MrIncredible on May 14, 2009, 12:18:40 PM
It'd be worth *way* more if you took out Stu.
Just sayin'.
[laugh] How's that thing about artists go?
FYI, SoCal board had and insurance thread a little while ago. Here it is if you'd like to see what some of us are paying
http://ducatimonsterforum.org/index.php?topic=21579.0 (http://ducatimonsterforum.org/index.php?topic=21579.0)
But of course rates can vary a lot based on region.
I hate to say this, but give Progressive a call.
I ditched them for my car insurance... but i just can't beat their price on my bike, no matter where i look.
I'm 23 (started coverage when i just turned 22), it's my first bike, and i DO have a speeding ticket AND an accident on my record.
$42/month for FULL coverage. I'm talking Collision, Comprehensive, Liability, Medical, and $3000 worth of Gear/Accessories protection.
Cheaper than limited liability on my Dodge Neon...
I don't understand it, and never will... It's all arbitrary IMO.
Quote from: corey on May 14, 2009, 12:23:09 PM
I hate to say this, but give Progressive a call.
I ditched them for my car insurance... but i just can't beat their price on my bike, no matter where i look.
I'm 23 (started coverage when i just turned 22), it's my first bike, and i DO have a speeding ticket AND an accident on my record.
$42/month for FULL coverage. I'm talking Collision, Comprehensive, Liability, Medical, and $3000 worth of Gear/Accessories protection.
Cheaper than limited liability on my Dodge Neon...
I don't understand it, and never will... It's all arbitrary IMO.
Wow, I have no idea why they would quote me over $1800 a year for full coverage. I was 30 at the time, no tickets or accidents...
i have used progressive for every bike i have ever insured (over almost 20 years of riding)
their rates have always been the best i could get.
but we'll see how it works out, now that i have to submit my first ever claim...
Quote from: herm on May 14, 2009, 04:08:59 PM
i have used progressive for every bike i have ever insured (over almost 20 years of riding)
their rates have always been the best i could get.
but we'll see how it works out, now that i have to submit my first ever claim...
what happened? ??? you ok? ???
oh, and btw i do carry collision
When getting quotes, you might want to look into how much they will cover for aftermarket stuff. My insurance will cover up to $2000 over for add ons. As long as I keep documentation / reciepts.
Yep, every time.
I've used Geico, Progressive and am now with Allstate.
It seems like every time I look there's some other company offering lower rates. I have everything with Allstate though so that helps I'm sure.
Quote from: NAKID on May 14, 2009, 10:18:27 AM
That's who I have in CT and when I was in AZ and the full coverage ins was/is $40 a month...
You're not 21...
I'm 21 as well (in NYC) and riding street for 3 years now, I have an S2R 1000 (2007)
Dairy land 2 years ago wanted 4,500 a year for full coverege, and now wants $3500
Progressive, who i just switched to wants 1600 for full coverege, which isnt that bad but im not willing to pay for that. Libility and comp is only 900.
However, i am more worried about my bike getting stolen then me crashing it into something. I think the chance of it geting stolen is probably 10x higher then me totaling the bike. i have a shit clean record since i got my drivers license when i was 16 and motorcycle when iw as 18.
Quote from: He Man on May 15, 2009, 04:00:39 AM
I'm 21 as well (in NYC) and riding street for 3 years now, I have an S2R 1000 (2007)
Dairy land 2 years ago wanted 4,500 a year for full coverege, and now wants $3500
Progressive, who i just switched to wants 1600 for full coverege, which isnt that bad but im not willing to pay for that. Libility and comp is only 900.
However, i am more worried about my bike getting stolen then me crashing it into something. I think the chance of it geting stolen is probably 10x higher then me totaling the bike. i have a shit clean record since i got my drivers license when i was 16 and motorcycle when iw as 18.
So get liability + theft. You don't have to get full insurance just to cover theft
Quote from: He Man on May 15, 2009, 04:00:39 AM
I'm 21 as well (in NYC) and riding street for 3 years now, I have an S2R 1000 (2007)
Dairy land 2 years ago wanted 4,500 a year for full coverege, and now wants $3500
Progressive, who i just switched to wants 1600 for full coverege, which isnt that bad but im not willing to pay for that. Libility and comp is only 900.
However, i am more worried about my bike getting stolen then me crashing it into something. I think the chance of it geting stolen is probably 10x higher then me totaling the bike. i have a shit clean record since i got my drivers license when i was 16 and motorcycle when iw as 18.
Get lojack. It was like 800 bucks. One time fee, you can pay it off in parts. If your bike gets stolen and they cant's find it/find it before it's in parts, they pay you the amount of money you paid for the bike.
Yes, full coverage here. bike is paid for but a little spill can cost as much as 1 years insurance.
I just have 3rd Party at the moment, after a great deal of searching I found comprehensive cover for about $800, and 3rd Party Fire & Theft for $530. Not sure whether I'm willing to pay the extra $300 for comprehensive, especially since my excesses are so huge ($350 standard, plus $300 young rider excess, plus $250 inexperienced rider excess, and a $500 theft excess). I do want theft coverage for my bike though (the thing that worries me most) so I'll be getting the 3rd party fire and theft at least.
Just not sure whether it's worth paying the $800 for comprehensive, for a bike that's only worth $7,000 anyway.