JStump Posted March 14, 2013 Report Share Posted March 14, 2013 I just switched to riders insurance and was looking over my coverage and thinking to myself, I may not actually need all the coverage I think I do. I just get paranoid thinking if something happens I want to be covered but is this too much for a motorcycle? Quote Link to comment Share on other sites More sharing options...
cmh_sprint Posted March 14, 2013 Report Share Posted March 14, 2013 Wow, you seem to be getting raped. My coverage levels are set to 5x yours and my rate is $260 cheaper. Bad driving record? Quote Link to comment Share on other sites More sharing options...
SJC1000rr Posted March 14, 2013 Report Share Posted March 14, 2013 Short answer, yes. I wouldn't go any lower then that fore sure. Driving record, age and bike type play a part in it all. But $600 for a reasonable safety net doesn't seem that bad to me for a 12 month policy. Quote Link to comment Share on other sites More sharing options...
motociclista Posted March 14, 2013 Report Share Posted March 14, 2013 Thank goodness! Before I clicked on this thread I thought you might be talking about chaps. But seriously, my levels are a lot higher. $50,000 sounds like a lot of money until one time you run a red light and a guy in a $100,000 Mercedes swerves into a bus full of kindergarten kids to avoid you, totalling the car and putting four people in the hospital. Suddenly your insurance isn't enough to cover the gauze and sutures in the surgery.Wow, you seem to be getting raped. My coverage levels are set to 5x yours and my rate is $260 cheaper. Bad driving record?Sadly, I can confirm that a Daytona 675 is not a cheap bike to insure. Quote Link to comment Share on other sites More sharing options...
RSparky Posted March 14, 2013 Report Share Posted March 14, 2013 Heh. Same here. I've only ridden mine twice yet! I pay 60/mo, or 720/yr for 50/25 + uninsured and that jazz. But I'm 23 with a shitty record. Quote Link to comment Share on other sites More sharing options...
2talltim Posted March 14, 2013 Report Share Posted March 14, 2013 (edited) your limits are higher than mine, isurance is a scam anyways:Coverages* Limits and/or Deductibles Vehicle #1 Vehicle #2 Vehicle #3Bodily Injury Liability Each Person/Each Occurrence $12,500/$25,000 #1$7.00 #2$9.00 #3$17.00Property Damage Liability $7,500 #1$5.00 #2$7.00 #3$12.00 Uninsured Motorists Bodily InjuryEach Person/Each Occurrence Insured Rejects - - - Underinsured MotoristEach Person/Each Occurrence Insured Rejects - - - Comprehensive $250 Ded#1$21.00 #2$10.00 #3$23.00-Collision $500 Ded - #2$54.00 #3$118.00Twelve Month Premium Per Vehicle #1$33.00 #2$80.00 #3$170.00Total Twelve Month Premium $283.00 Edited March 14, 2013 by 2talltim Quote Link to comment Share on other sites More sharing options...
JStump Posted March 14, 2013 Author Report Share Posted March 14, 2013 (edited) Well I am 23 and had 1 speeding ticket on the bike 2 years ago. All other tickets were 3+ years ago. This isn't even bad, Geico wanted $1085 for the year with same coverages.Random tid bit of information: Did you know Riders Ins does not consider the 675 to be a sport bike? Go figure Edited March 14, 2013 by JStump Quote Link to comment Share on other sites More sharing options...
Bitani Posted March 15, 2013 Report Share Posted March 15, 2013 I'm switching to Rider's Insurance before I start hard riding this season, and I'm looking at about $1,200/year. It's around double that at Progressive.Still happy! Quote Link to comment Share on other sites More sharing options...
r1crusher Posted March 15, 2013 Report Share Posted March 15, 2013 Shit, $50k/$100k is low if you ask me but hey you can only pay for what you can afford.I insure nothing for less than $100k/$300k. Good luck if anything unfortunate would happen and someone got hurt really bad...$50k will go damn quick. Quote Link to comment Share on other sites More sharing options...
DAC Posted March 15, 2013 Report Share Posted March 15, 2013 Shit, $50k/$100k is low if you ask me but hey you can only pay for what you can afford.I insure nothing for less than $100k/$300k. Good luck if anything unfortunate would happen and someone got hurt really bad...$50k will go damn quick.The right answer. You're riding a machine that can hurt people and damage their property. Be accountable. Quote Link to comment Share on other sites More sharing options...
Revelstoker Posted March 15, 2013 Report Share Posted March 15, 2013 Shit, $50k/$100k is low if you ask me but hey you can only pay for what you can afford.I insure nothing for less than $100k/$300k. Good luck if anything unfortunate would happen and someone got hurt really bad...$50k will go damn quick.What he said. I carry $100/300k as well. most of the issue is your age and type of bike. Guys get their first insurance break at 25 and the next one at 30 or maybe it is married. Quote Link to comment Share on other sites More sharing options...
Kmanlyst Posted March 15, 2013 Report Share Posted March 15, 2013 What he said. I carry $100/300k as well. most of the issue is your age and type of bike. Guys get their first insurance break at 25 and the next one at 30 or maybe it is married.Married, 30 and being a veteran gets you a nice discount plus a clean driving record. Quote Link to comment Share on other sites More sharing options...
scottie.harris Posted March 15, 2013 Report Share Posted March 15, 2013 For some reason when i got married my bike insurance went up a couple bucks, increased suicide rate? 1 Quote Link to comment Share on other sites More sharing options...
CharlieG Posted March 15, 2013 Report Share Posted March 15, 2013 For a 23 year old male with a 675cc sportbike, that seems about right actually. Honestly, your coverage numbers look kinda low. As others have mentioned, I'm carrying 100/300. -Charlie Quote Link to comment Share on other sites More sharing options...
Bitani Posted March 15, 2013 Report Share Posted March 15, 2013 For some reason when i got married my bike insurance went up a couple bucks, increased suicide rate? Quote Link to comment Share on other sites More sharing options...
conn-e-rot Posted March 15, 2013 Report Share Posted March 15, 2013 You're coverage is rather low but you need to buy what you can afford. If you own a house then coverage is way too low.I would check around and get different quotes though Quote Link to comment Share on other sites More sharing options...
conn-e-rot Posted March 15, 2013 Report Share Posted March 15, 2013 Also you can probably lower your comprehensive deductible and only have small rate increase. I went from $500 to $100 for $23 a year Quote Link to comment Share on other sites More sharing options...
JStump Posted March 17, 2013 Author Report Share Posted March 17, 2013 (edited) Well damn, I better get a quote for 100/300. Tim, how do you only have 12/25 with $7000 property damage? That sounds crazy in comparison. Hell, my nothing special Mazda 3 costs more than that if its totalled, let alone a Mercedes or something.Damn, just looked at my car insurance and it has the same amounts on it :/ looks like I'm calling geico too. Edited March 17, 2013 by JStump Quote Link to comment Share on other sites More sharing options...
GuardRail-Mike Posted March 17, 2013 Report Share Posted March 17, 2013 Heh. Same here. I've only ridden mine twice yet! I pay 60/mo, or 720/yr for 50/25 + uninsured and that jazz. But I'm 23 with a shitty record.Man i must really want to ride because i would love to be paying that.... Not going to mention my numbers Quote Link to comment Share on other sites More sharing options...
motozachl Posted March 18, 2013 Report Share Posted March 18, 2013 Good gawd ya'll pay a ton for insurance. Granted been riding over a decade with the same ins company but still only pay $90 a year for the r6 Quote Link to comment Share on other sites More sharing options...
thedak Posted March 18, 2013 Report Share Posted March 18, 2013 I insure nothing for less than $100k/$300k. Good luck if anything unfortunate would happen and someone got hurt really bad...$50k will go damn quick.Same here... Quote Link to comment Share on other sites More sharing options...
John Posted March 18, 2013 Report Share Posted March 18, 2013 we can't say how much coverage you need... how much coverage you need is simply a function of what assets you have to protect.if you make 20K per year, rent an apartment, and the only things you own are your crappy 15 year old bike and a similarly crappy 15 year old car, you only have 1000 bucks in your checking account and no investements, then you aren't going to need as high of a liability limit as someone who makes 150K per year, owns a 300K house and has 90K in mutual funds. Quote Link to comment Share on other sites More sharing options...
oldschoolsdime92 Posted March 19, 2013 Report Share Posted March 19, 2013 Maybe I just need to look at things. I've just always ran liability only on my old scooter... Quote Link to comment Share on other sites More sharing options...
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