And i thought your insurance rates go DOWN when you turn 25?

[umairhashmi]

Im in florida so i never carried insurance on the bike (not a requirement in this state). I figured that now im 25 and a half i should look around in case it gets wrecked or stolen. And im shocked because i have had NO INCIDENTS in the last 8 years and ALL tickets have been dismissed + im a safe driver. If you look at the policies its the COLLISION part thats the most expensive.



Geico

We are pleased to offer you a rate quote for a GEICO Indemnity Motorcycle Policy.

Your total premium for a 12 month policy will be $2086.66.

To purchase your policy over the phone, please call 1-866-238-6902. We are available 24 hours a day, 7 days a week.
The details of the coverages and premiums for 2006 SUZUKI GSX1300R HAYABUSA 1300 are:

Bodily Injury Liability(BI)10/20$50.00Property Damage Liability(PD)10M$48.00Medical Payments(MED)REJ$.00Uninsured Motorist(UM)REJ$.00Comprehensive(COMP)500$624.00Co llision(COLL)500$1344.00Towing(TOW)REJ$.00

Progressive

Your 12 Month Progressive QuotePay in full: $2,867.39Pay monthlyownpayment of $477.99
11 payments of $247.24If you have an auto policy, you may want to review those coverages and limits before making your motorcycle coverage selections. Policy CoveragesBodily Injury:$10,000 person/$20,000 accident$25,000 person/$50,000 accident$50,000 person/$100,000 accident$100,000 person/$300,000 accident$250,000 person/$500,000 accident$300,000 Combined Single Limit (CSL)$500,000 Combined Single Limit (CSL)Property Damage:$10,000 property damageUninsured/ Underinsured Motorist Bodily Injury:No coverage$10,000 person/$20,000 accident (Stacked)$10,000 person/$20,000 accident (Unstacked)Medical Payments:No coverage$1,000 each person$2,500 each person$5,000 each person$10,000 each person$25,000 each personTransport Trailer:Vehicle #1 - 2006 SUZUKI GSX1300RComprehensive:No coverage$100 deductible$250 deductible$500 deductible$1,000 deductibleCollision:No coverage$100 deductible$250 deductible$500 deductible$1,000 deductibleRoadside Assistance:SelectedNo coverageAccessory coverage:$1 - $3,000$3,001 - $4,000$4,001 - $5,000$5,001 - $6,000$6,001 - $7,000$7,001 - $8,000$8,001 - $9,000$9,001 - $10,000$10,001 - $11,000$11,001 - $12,000$12,001 - $13,000$13,001 - $14,000$14,001 - $15,000$15,001 - $16,000$16,001 - $17,000$17,001 - $18,000$18,001 - $19,000$19,001 - $20,000$20,001 - $21,000$21,001 - $22,000$22,001 - $23,000$23,001 - $24,000$24,001 - $25,000$25,001 - $26,000$26,001 - $27,000$27,001 - $28,000$28,001 - $29,000$29,001 - $30,000Taxes and FeesFlorida Hurricane Catastrophe Fund Assessment$28.39

[Porkchop]

I'm new to the whole insurance thing..... but i do believe you do have to have some insurance "history". They have to base what kind of rider you are. Thats why there are questions like "have you had motorcycle insurance in the past year" and "Have you had motorcycle insurance with another company in the last 6 months." They have no "history" of you so you are rated along with the "delinquent" under 25 category as high risk. Until you prove that you are a rider that is experienced.... and wont wad your bike.

[umairhashmi]

Originally Posted by Porkchop

I'm new to the whole insurance thing..... but i do believe you do have to have some insurance "history". They have to base what kind of rider you are. Thats why there are questions like "have you had motorcycle insurance in the past year" and "Have you had motorcycle insurance with another company in the last 6 months." They have no "history" of you so you are rated along with the "delinquent" under 25 category as high risk. Until you prove that you are a rider that is experienced.... and wont wad your bike.

The fact that i have had a motorcycle endorsement for 3 years and i have carried insurance on my cars for the past 8 years (without any claims) doesnt mean anything?

[Dragonpaco]

Originally Posted by umairhashmi

The fact that i have had a motorcycle endorsement for 3 years and i have carried insurance on my cars for the past 8 years (without any claims) doesnt mean anything?

you prompty answered your own question with your first post

[umairhashmi]

Originally Posted by Dragonpaco

you prompty answered your own question with your first post

So anytime you buy motorcycle insurance for the first time (regardless of age or driving history) the premium will be sky high for the 1st year? And they drop after that?

[Dragonpaco]

mine was never as high as yours but when i started riding i just went with liability

[umairhashmi]

Originally Posted by Dragonpaco

mine was never as high as yours but when i started riding i just went with liability

The premium drops down by about 1344 bucks (per year) if i remove collision but keep comprehensive (that includes theft,etc). Maybe i just start it off like this and add in collision later on once they see im not claiming anything for a year or so?

[MikeSP1]

I pay less than $60 a month for full coverage on my VTX 1300. Before I bought my VTX I had a Shadow 750 (first bike I ever insured) that I paid less than $30 a month for full coverage. To add my RC to the plan was another $50 a month for liability or $150 for full coverage. I'm 23 and have had bikes constantly insured for the past 2 years.

Pretty much gained insurance history on cheap, low premium bikes. Proved I wasn't gonna wad it in 2 weeks. This way my insurance wouldn't start off astronomically when I bought bigger and better bikes. Granted you're over 25, but you've never had a bike insured, and the first bike that you're gonna insure is a Hayabusa, the insurance companies are immediately gonna assume that you're high risk. The only way to help yourself out is to either swallow the insurance for the first year, or get a cheap, small, used cruiser and insure just that.

[Tmall]

You're insuring your first bike. And it's a Hayabusa. I pay the same amount for a Buell. Don't compain. lol

[tommymac]

maybe turning 40 will lower mine a bit. right now I pay 400 a year for my tl and futura.

Tom