Insurance for me would be 2400.00 a year through progressive. WTF is up?
2006-11-15 07:04:42 · 6 answers · asked by Anonymous in Cars & Transportation ➔ Motorcycles
You're under 25, obviously. Either that or you have WAY too many tickets. Anyone under 25 trying to get a sportbike is in for a rude awakening. Insurance rates have big spikes right at the 600cc & 1000cc marks for just that reason.
Try something different, like a Suzuki SV650 or GS500F. They go almost as fast and are better for new riders, but aren't classed as sportbikes by most insurance companies.
I pay under $400 per year for full coverage, including medical, for a 600cc sportbike, but I'm 34, married, and have a good driving record.
Stay away from the freakin' lizard. GEICO is all about making money, not taking care of your claim. I know this firsthand.
2006-11-15 10:44:01 · answer #1 · answered by Anonymous · 1⤊ 0⤋
That's crazy. Unless you're 16, live in NYC, have a horrible driving record and are financing it and have to have full coverage. There are a few things you can do, though.
1. Increase your deductibles.
2. Pay for it outright and thus drop the theft & collision.
3. Drop extras like rental coverage, etc.
4. Reduce your maximum benefits.
5. Shop around - my agent of 14 years gave me a $1200 quote. A few phone calls and I got it the same coverage (and a new insurance agent) for less than half. Your agent(s) should do the work and find you the lowest price. That's their job. Good luck.
2006-11-15 15:37:06 · answer #2 · answered by Android 1 · 0⤊ 0⤋
That sounds really high. Do you have tickets and accidents or claims in the last 3 years?
Insurance only deals with the cost of replacing the bike vs. statistics of age, hp, driving record, theft rate of the bike and a few other factors.
That bike doesn't cost more than $9K to replace so you shouldn't be paying that much. That's surprising because progressive is usually pretty good.
2006-11-15 18:58:16 · answer #3 · answered by IL Padrino 4 · 0⤊ 0⤋
2400 thats cheap compared to what progressive told me 1100 a month totaling 13500 a year for a cbr 954 i shopped around and now have full coverage on a car truck bike and 250k life insurance for 250 a month with state farm so check them out i am very happy with the service
2006-11-15 19:22:39 · answer #4 · answered by skip75 2 · 0⤊ 0⤋
Shop around..
My independent agent quoted me $1300.
Full coverage on a '06 HD FXD35 Superglide.
I believe that was also Progressive.
And my record is not the best.
2006-11-15 16:06:08 · answer #5 · answered by Firecracker . 7 · 0⤊ 0⤋
Go to the green lizard I cut my motorcycle insurance in half.
Geico..
2006-11-15 15:07:11 · answer #6 · answered by Marshall Lee 4 · 0⤊ 1⤋