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Old 02-15-2010, 10:13 AM   #1
jhawkinsvalrico
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Default Insurance Question

I raised this question over in another forum and was referred here as someplace to get some advice.

I am 53 and own two bikes; a 2006 Sprint ST and a 2008 Aprilia Tuono. I have never had an insurance claim and I am paying about $790/year for each bike.

I have:
$250k/$500 Liability - costs $163
Propery Damage $100k - costs $63
Comprehensive ($500 deductable) - costs $102
Collision ($500 deductable) - costs $441
Roadside Assistance - costs $10
Since I live in Florida I also get hit with a Florida Hurricane Catastrophe Fund Assessment of $7.79

Both bikes cost about the same to insure, so I'm spending over $1,500/year for bike insurance.

I recently spoke with a number of riders during a break during a group ride and discovered that some were paying in the mid-$200/year range for similar coverage. Also, I own these bike outright - never finance my toys. Any suggestions regarding companies to check out?
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Old 02-15-2010, 04:01 PM   #2
A Star Ride
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I'm 38 perfect driving record and no leins I have a 05 Royal Star Tour Deluxe, and pay $379/year
The biggest variance I see between your specs & my policy is collision mine says "Physical damage coverage other then colision $250 ded $71.00 premium, Collision, $500 ded $77 premium."
I think your paying too much.
The rest of the cost on mine is liability protection-bodily injury $300M/person, $300M/acc $117 premium
Property damage $100M/acc $70 premium
under/uninsured motorist $44 prem

**I live in Va
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Old 02-15-2010, 06:53 PM   #3
jhawkinsvalrico
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I've gotten a number of responses on the Triumph RAT forum and I think that I'll be shopping around before I need to renew. I probably need to look into seeing in anyone can insure both of my bikes, my boat and my cage. Maybe that will save me some $$ as well. Heck maybe even my homeowners could be thrown into the package, but that's getting tricky in Florida. Many homeowner insurance companies have pulled out of the state due to losses they suffered a few years back with all of the hurricanes.
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Old 02-15-2010, 07:14 PM   #4
A Star Ride
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definately you should get a multi vehicle discount and a multi policy discount
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Old 02-15-2010, 07:15 PM   #5
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also with all that to insure, consider lower limits of liability and adding an umbrella policy, I had that setup years ago when I had a larger house & land
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Old 02-16-2010, 05:48 AM   #6
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" have never had an insurance claim and I am paying about $790/year for each bike. "

I am paying $421 per year for my new 2009 Buell 1125cr. Sounds like you are taking the crankshaft in the behind.
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Old 02-16-2010, 06:57 AM   #7
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Quote:
Originally Posted by A Star Ride View Post
I'm 38 perfect driving record and no leins
This is troubling. You simply aren't trying hard enough.
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Old 02-16-2010, 08:19 AM   #8
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Calling Kirk! Come in, Kirk! Over!
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Old 02-16-2010, 09:17 AM   #9
trenttheuncatchable
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Kirk is the insurance guy on this forum. So get him to get you a quote.

You should take a few minutes and get online quotes from Geico and Progressive, just for comparison. I have Progressive, am insuring a '99 CBR 1100XX and a '06 Z750S, and it's costing me roughly $700/year for both, and that's with a $250 deductible and $5K additional medical coverage on each bike.
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Old 02-16-2010, 09:59 AM   #10
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Quote:
Originally Posted by Kenneth_Moore View Post
This is troubling. You simply aren't trying hard enough.
My record wasnt always perfect
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