|Topic Review (Newest First)|
|12-02-2019 09:53 PM|
So I started riding on an R3 at 24 years old. I loaned my bike and paid it in a few months but I paid roughly 1000 a year for full coverage a year. I live in Boston so we are not known to have good driver so I also had medical on my insurance. I only paid around 85-90 a month. In the winter time I removed all the coverage except for Comprehensive which brought down my monthly payments to around $40 from December-March. I got a new R6 a year later and I pay the same amount for the same coverage.
You don't have to put collision if your bike is paid off but if you're beginning and you crash you have to pay for your own parts. To a beginner I would recommend it mostly for peace of mind.
On that note you should def have comprehensive (in case it gets stolen), Medical (in case you get hurt, some health insurances wont cover all the cost of an accident sometimes), and what ever coverage your state requires.
As a young rider you will keep paying a lot more and if you move to a bigger displacement bike it'll be even more (specially if you stick with a sport bike). I would also have high uninsured coverage, some users posted what they have and why it's important and I agree with them. Having the cheapest insurance is not all you want to look for, you want to make sure that the coverage is the right.
Hope that helps.
|11-28-2019 09:35 PM|
|cornerslider||WOW.... I guess I have things pretty good!!! My wife and I are late 40's/early 50's. We have 4 bikes- CBR250R, FZ-07, and a pair of R3's. Our TOTAL insurance bill for all 4 bikes is $388 a year for full coverage!!! We are with USAA, which is underwritten by Progressive Insurance. We have a $1,000 deductible on all our bikes, which really helps. I figure we aren't going to claim anything with our insurance for anything less than $1,000 anyway? We both have clean driving records, but my wife did "total" her first bike in 2014 (on the same policy) and are rates stayed close to the same. Progressive was great during the claim as well. They even covered her riding gear! Maybe consider the $1,000 deductible? My thoughts are, insurance is to cover "great losses", not boo-boo's..... Just my two cents-|
|11-28-2019 12:13 AM|
|raize||Next bike is already picked out. New Triumph Street Triple RS.|
|11-23-2019 10:36 PM|
What bike were you thinking as your next step up?
|11-21-2019 01:39 PM|
Will take my M test in the spring when I hit my 18 months with M2.
|11-20-2019 09:36 PM|
|Briankeith757||Did you take the MSF riders course...if you passed that let your insurance company know and they might give you a discount.. Im alot older than you but i pay 26.00 a month for full coverage with state farm|
|11-20-2019 08:15 PM|
Adding to the data points here, I'm 24 living in Illinois and I pay about $500 a year for 150K liability and bodily injury with matching under insured plus comprehension (basically everything but collision coverage since that was quoted to me at 1700 a year).
I paid for my R3 in full and have ABS so that might lowered it too.
|11-20-2019 07:55 PM|
|raize||Bear in mind that under-insured is desirable in addition to uninsured. Just because someone has insurance, it doesnt mean they have enough to cover and damage they might do (medical bills run up real high, real quick). In addition, remember that uninsured is what saves your bacon in a hit-and-run as well. If the other driver takes off and is never caught, you can't even hope to sue them to recoup medical costs. All things to keep in mind when setting your insurance limits. FWIW, 37 y/o with clean record at ~$45/mo in a dense, urban area. When I drop coverage to comp only in the winter, it comes down to ~$15/mo.|
|11-20-2019 07:05 AM|
Full coverage. But still, it's ridiculous.
|11-18-2019 11:09 AM|
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