Bike Insurance


S

sreeni.kaki

New Member
Hello,

Have more than 5 years of exp in riding bikes (up to 300 CC) back in my home country. However, am new to biking in USA.

Planning o buy FZ6R soon and shopping arnd for insurance. Typical quotes i got from agents ranges from $1100-1800 (per year). Is it normal?

Any tips/tricks to reduce the insurance a lil bit? ;)

Thanks,
Sreeni.
 
sreeni.kaki said:
Hello,

Have more than 5 years of exp in riding bikes (up to 300 CC) back in my home country. However, am new to biking in USA.

Planning o buy FZ6R soon and shopping arnd for insurance. Typical quotes i got from agents ranges from $1100-1800 (per year). Is it normal?

Any tips/tricks to reduce the insurance a lil bit? ;)

Thanks,
Sreeni.
Click to expand...

Typically, if you go a year without any problems (a combo of two 1 point incidents - tickets, accidents, etc) your rate should drop dramatically. At least thats what I experienced.
 
In California I had a hard time finding quotes that low until I went to State Farm. Most insurance companies look at the type of bike it is and the FZ6R classifies as a sport bike. No different than an R1 in most of their eyes. $2600-$3500 per year was average for most insurance companies I checked with. However, State Farm could care less what kind of bike it is. They look at displacement. Being a 600 it's pretty small when compared to some of the monster displacement cruisers out there. With no experience and one ticket on my record they gave me $600 a year. Once I get a years experience without issues, it should drop to $400 per year and continue to drop. Especially once that one ticket comes off my record in a couple of years. ;)

Again this is in California and I know a lot of companies tend to have some pretty messed up ways of thinking out here. :eek:
 
I currently pay $25 bucks/ month for my FZ6R. But I already have my homeowners, one car, one truck and flood insurance with American Family Insurance so that gives me a huge discount.
 
id say shop around. i got mine for 378 a year.
 
sreeni.kaki said:
Hello,

Have more than 5 years of exp in riding bikes (up to 300 CC) back in my home country. However, am new to biking in USA.

Planning o buy FZ6R soon and shopping arnd for insurance. Typical quotes i got from agents ranges from $1100-1800 (per year). Is it normal?

Any tips/tricks to reduce the insurance a lil bit? ;)

Thanks,
Sreeni.
Click to expand...

For what it is worth, I pay $1180 per year for coverage on a 2009 FZ6R and a 150cc Motofino scooter with one not at fault, weather related accident back in January 2009. Although this is a little high, I feel as though I have excellent coverage on them. I have the same coverage on one as I do the other. This includes:
  • $100k/$300k/$100k worth of liability
  • $100k/$300k/$100k worth of uninsured motorists
  • $1000 for medical payments per accident (to cover medical deductibles I assume)
  • A $100 comprehensive deductible
  • A $250 collision deductible
  • Up to $100 paid for towing
  • $750 for trip interruption
I am hoping the rate drops this year, given it will have been a year since I started my motorcycle coverage and will have one year of riding experience. I did shop around a little bit when I was looking for insurance. Geico was over $2800/year. Progressive was over $2000/year. State Farm
was a little higher than my Allstate rate, but they wanted me to bring at least one vehicle to them for coverage. I have had Allstate for over 8 years, and I am very pleased with them.

I am not sure if this helps you much, but here you go.
 
Im at $18 a month right now for full coverage through State Farm. Not my first bike with them though, no accidents.
 
You're also in Oregon. Unfortunately, location has a HUGE effect. I was told at the dealership that San Diego is anywhere from #1 to #3 in country for most stolen motorcycles every year and usually in the top 3 to 5 in the country for most totaled motorcycles. But we've probably also got close to the highest number of bikes per capita of any major city as well. You can't drive 5 miles anywhere in town without seeing a bike of some kind.
 
JonKerr said:
You're also in Oregon. Unfortunately, location has a HUGE effect. I was told at the dealership that San Diego is anywhere from #1 to #3 in country for most stolen motorcycles every year and usually in the top 3 to 5 in the country for most totaled motorcycles. But we've probably also got close to the highest number of bikes per capita of any major city as well. You can't drive 5 miles anywhere in town without seeing a bike of some kind.
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True, I just moved here from VA and it was $30 something there. I didnt notice any drop until I came here and transfered it over.
 
I got State Farm about $130 per 6 months. Not full coverage, but it will replace any damaged parts on the bike and theft or act of god. I bought gap at the dealer (you never know) So I'm good with that. I have my medical through work. I also placed one of my cars with to get a multiple vehicle discount. Ask for all your discounts. I hope that helps.:)
 
WenMark said:
I got State Farm about $130 per 6 months. Not full coverage, but it will replace any damaged parts on the bike and theft or act of god. I bought gap at the dealer (you never know) So I'm good with that. I have my medical through work. I also placed one of my cars with to get a multiple vehicle discount. Ask for all your discounts. I hope that helps.:)
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I've got the most insurance State Farm offered for bikes. Plus I got the GAP insurance too through the dealership as well as the TAG insurance. The finance guy was funny. He said I would actually make out if someone stole the bike. (He knew from personal experience. He showed me his account at the dealership. He was on his 4th bike in 6 years :eek: ) The insurance would pay what they think it's worth, the GAP covers the difference so the loan is paid off, and the TAG will pay me up to $5000 (depending on the value of the bike stolen) if the bike isn't recovered in 30 days toward the purchase of a new bike. They said most sport bikes get between $3500 and $4500 on the TAG insurance payout. That's three times more than my down payment was on this bike. My monthly would go down by more than half and I'd get a new bike. :eek: How they keep the insurance fraud guys from jumping all over that is a mystery to me. :rolleyes: I guess they want to make sure you get another bike and continue pouring money into the industry if you're unlucky enough to have your bike stolen.
 
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RideWIthMcGraw.com was recommended to me by a friend. you can do all the sign-up online, like i did, or call them. they have good prices for new riders.
 
I have insurance through Country Financial and I'm only paying $380 a year or something like that. With one ticket on my record and a few not at fault accidents on my record as well. Not that bad...
 
my r1 was only 40 bucks a month for full coverage through state farm. I was 27 when I started the plan w/no tickets. I just canceled it though because the r1 is now a track only bike after I purchased the 6r.
 
The difference that one company will quote compared to another is pretty crazy.

I have an auto policy with Geico so I tried them - over $1000 for the year, even with my multiple-policy discount.

I called State Farm and the same policy was $321 for the year (26.75/mo).

FYI - My policy was for full coverage, but with a $2k deductible. I'm 39, married, with 5 years "street" riding experience (lots of dirt), and have taken the moto safety course here in Chicago. Clean driving record too.
 
sreeni.kaki said:
Hello,

Have more than 5 years of exp in riding bikes (up to 300 CC) back in my home country. However, am new to biking in USA.

Planning o buy FZ6R soon and shopping arnd for insurance. Typical quotes i got from agents ranges from $1100-1800 (per year). Is it normal?

Any tips/tricks to reduce the insurance a lil bit? ;)

Thanks,
Sreeni.
Click to expand...

With no US history, it can be difficult. Some insurers will treat you the same as a 16 year old with no experience. Others will be more understanding. You do need to shop around.
 
I pay right around $65/month for full coverage on my 2012 FZ6R in Texas.

25 year old male with no tickets or accidents (knock on wood).
 
I just got a policy from Progressive. $299/year full coverage including roadside and $3000 accessory coverage.
 
I am with riders insurance. I have full coverage on 2012 fz6r with 500 deductable. I am a 29 yr old man who is a new rider. I have clean record. My premium is 280 / yr
 

I just switched to Rider about 2 weeks ago, at $250 a year, it's was about $400 less than State Farm wanted.
 
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