Insurance Cost

[Questions]

Hi guy's I just recieved my Spyder insurance bill from Progressive $900.00:gaah: What are you folks paying and with what company? I have a great driving record, the two wheeler was half this much.

Thanks

[RShrimp]

Yep, these things are expensive to insure. The reason is they are new. The insurance companies dont have any data on them yet so they are playing it "safe" ..... for themselves. Mine was not $900 (more like $500) but it was still about the same as I was paying for 2 bikes. It should come down in a year or 2. Make sure you ask them to rerate at renewal time (assuming you did not get any tickets)

[BRPjunkie]

Hi guy's I just recieved my Spyder insurance bill from Progressive $900.00:gaah: What are you folks paying and with what company? I have a great driving record, the two wheeler was half this much.

Thanks


Michigan resident, clean record and 61. AARP Foremost policy is $380/yr which includes the $104 MCCA tax.
Coverage:
Bodily Injury - $250,000/$500,000
Property Damage - $100,000
Uninsured motorist - $100,000/$300,000
Collision - $500 deductible
Comprehensive - $500 deductible
Optional Equip - up to $3,500 included
Roadside assistance/towing

[New Sharon Spyder]

52 YO Maine resident, paying $392 a year through Foremost for a 2010RT SM5. Was paying $277 for my 2008 RS M5, and went up $115 when I traded up to the RT.

[dave711]

I had progressive till I got the RT.... they were 989.......
Got Formost ... much better!!

Texas resident, clean record and 58 Foremost policy is $480/yr
Coverage:
Bodily Injury - $250,000/$500,000
Property Damage - $100,000
Uninsured motorist - $100,000/$300,000
Collision - $500 deductible
Comprehensive - $500 deductible
Custom Equip - up to $3,500 included
Roadside assistance/towing

[canam9]

I was told when you drive something that cost big money you pay big money. Dont want to skimp on this.:ani29:

[Texmac1011]

I have Progressive. It runs about $480/year for me.

[boborgera]

Foremost = FULL Coverage 384$ :thumbup:

[Tilty]

My wife and I have American Family we only pay 249.00 a year for each of our spyders. Full Coverage!! I guess i should'nt complain any more!

[bikeguy]

I'd have to dig the policy out to be exact but mine is virtually the same as dave711's.

Cotton

[patches]

I have allstate and have a very bad driving regard..no DUI or anything, just too many speeding tickets and I pay 864 a year.

[bone crusher]

I have Progressive. It runs about $480/year for me.

I have Geico but I think this about what I pay too...

[Rockytime]

[QUOTE=Rodgtc;227719]Hi guy's I just recieved my Spyder insurance bill from Progressive $900.00:gaah: What are you folks paying and with what company? I have a great driving record, the two wheeler was half this much.

I paid Progressive $67 for my '93 Virago 1100, $95 for a 1982 Honda CM250 (go figure) and $634 for my 2010 RT-S. This is for 12 months. I do not understand insurance rates. The Honda (2800 miles) must be a classic collectors item. :>)
Les

[boborgera]

[QUOTE=Rodgtc;227719]Hi guy's I just recieved my Spyder insurance bill from Progressive $900.00:gaah: What are you folks paying and with what company? I have a great driving record, the two wheeler was half this much.

I paid Progressive $67 for my '93 Virago 1100, $95 for a 1982 Honda CM250 (go figure) and $634 for my 2010 RT-S. This is for 12 months. I do not understand insurance rates. The Honda (2800 miles) must be a classic collectors item. :>)
Les


Easy to understand, Put all your two wheelers together they won't cost as much to replace as one trailer for the RT-S. will.

[wcc002]

State: LA, also have car covered with Progressive
Liability To Others ($135)
-Bodily Injury Liability $15,000 each person/$30,000 each accident
-Property Damage Liability $25,000 each accident
Comprehensive $1,000 coverage ($61)
Collision $1,000 of coverage ($486)
Accessory Coverage $3,000 included …………………………………………………………………………………………………………………………………… …………………..
Total 12 month policy premium for 2010 CAN-AM $682

[PCBeachBum]

With Allstate last year pay around $567. This year it dropped to $435.
60 year old, with no accidents or tickets.

Also have house and truck with Allstate. Wanted to put boat on but, was advised to keep it with Progressive.

[stormtrooper]

Have state farm $440 for the year full coverage.Have house 2 cars and 2 bikes maybe why a little cheaper.

[spydrn]

I pay less than 400 a year with progressive. But I also have 2 cars and a truck through USAA(which doesnt insure bikes). They sub-contracted it out..

[Questions]

Thanks everyone for your response. I have quotes coming. Wish me luck

Ride Safe and Smile

[mxz600]

Foremost:
The Harley is 286.89 with 250.00 deductible for collision & 100.00 for comp.
The Spyder is 439.89 with 250.00 deductible for collision & 100.00 for comp.
Total: $726.78

[BRPjunkie]

Thanks everyone for your response. I have quotes coming. Wish me luck

Ride Safe and Smile

Make sure you have the right coverage. You can get some pretty cheap quotes that don't give you the coverage you need.

[woodchuck]

Michigan resident, clean record and 61. AARP Foremost policy is $380/yr which includes the $104 MCCA tax.
Coverage:
Bodily Injury - $250,000/$500,000
Property Damage - $100,000
Uninsured motorist - $100,000/$300,000
Collision - $500 deductible
Comprehensive - $500 deductible
Optional Equip - up to $3,500 included
Roadside assistance/towing

I don't want to bust your bubble but everybody should stop and review your ins. coverage. You don't know how good your ins. is until you need it. A lot of you do not have underinsured motorist.You should have uninsured and underinsured motorist. Ask your agent if it is full tort or limited tort? I was involved in a headon collision by a woman who had low sugar. She was driving arratic and she didn't know where she was after the accident, But anyway with full tort you can sue for pain and suffering where as limited tort you can sue just for the limits in your ins. policy. A lot of you say you have full coverage and pay soso. Check your limits and raise them because of some idiot that can cause you alot of problems. Also if you have more that one vehicle with the same ins. co. ask your agent if you can stack them. That means you can sue for double of your lim its.:clap:

[retread]

A lot of insurance companies will put the Spyder in the same class and rate as a crotch rocket, read high cost insurance. I'm with Allstate, clean record, full coverage, $305/year in Indiana. Rates went down almost $300 when I told them it is a sport-tourer, and another 10 per cent with MSF class certificate.

john

[bjt]

I don't want to bust your bubble but everybody should stop and review your ins. coverage. You don't know how good your ins. is until you need it. A lot of you do not have underinsured motorist.You should have uninsured and underinsured motorist. Ask your agent if it is full tort or limited tort? I was involved in a headon collision by a woman who had low sugar. She was driving arratic and she didn't know where she was after the accident, But anyway with full tort you can sue for pain and suffering where as limited tort you can sue just for the limits in your ins. policy. A lot of you say you have full coverage and pay soso. Check your limits and raise them because of some idiot that can cause you alot of problems. Also if you have more that one vehicle with the same ins. co. ask your agent if you can stack them. That means you can sue for double of your lim its.:clap:

I think states set their own insurance regulations. I don't know if that tort stuff you are talking about applies in Michigan. I do know that our motorcycle insurance has additional fees / coverages that aren't required in other states so we can pay more for identical coverage from the same provider as someone in another state.

EDIT: Just looked it up and some states (like Michigan) have No Fault insurance instead of limited / full tort so, in general, there is no suing of the other persons insurance company for damages, pain suffering, etc.

[scudrunner]

You should have uninsured and under insured motorist.
Good point. In Texas, we have a lot of uninsured motorist even though you must show proof of insurance to get your tags. Progressive gave me a quote of over $900 without un/under insured. That was $300 more for a total of $1200 a year. Went with Foremost for $480 a year, full coverage including un/under.
Oh, and USAA sent me to Progressive. Thanks anyway.

[WackyDan]

Progressive here....

40 year old male... Clean license... $300 full coverage.... and not the minimums.

[boborgera]

Picking up a new bike this afternoon [spyders in the shop] added it to my Spyders insurance [foremost]
Full coverage w/un/non] two bikes, Total 520 a year.
Spyder 384$
Kaw 650cc 136$

[Sny]

39yo clean record in the Chicago 'burbs
State farm $440/yr

Bodily Injury - $150,000/$300,000
Property Damage - $100,000
Uninsured motorist - $100,000/$300,000
Collision - $1000 deductible
Comprehensive - $1000 deductible
Optional Equip - $3,000
A lot of discounts (multipolicy, accident free, MSF etc.)

Wish it were half that.

[obiwanbill]

240$ last year & 220$ this year- full coverage from Rider Insurance

Progressive and USAA wanted too much
(been with USAA for 37 yrs for cars)

[Smylinacha]

Geico Cyclguard - for HDX's Harley and my Spyder it's $550 all year long.

[woodchuck]

I think states set their own insurance regulations. I don't know if that tort stuff you are talking about applies in Michigan. I do know that our motorcycle insurance has additional fees / coverages that aren't required in other states so we can pay more for identical coverage from the same provider as someone in another state.

EDIT: Just looked it up and some states (like Michigan) have No Fault insurance instead of limited / full tort so, in general, there is no suing of the other persons insurance company for damages, pain suffering, etc.

That is where you are wrong. PA has no fault in s also. That means that your ins pays for your venicle and their ins pays for their vehicle. That what no fault means. You can still sue for pain and suffering under full tort.

[bjt]

That is where you are wrong. PA has no fault in s also. That means that your ins pays for your venicle and their ins pays for their vehicle. That what no fault means. You can still sue for pain and suffering under full tort.


Yep, we have ambulance chaser attornies putting ads up on TV around here. It's just that I've never seen anything here that ties that into what type of insurance coverage you have.

[taggtr]

I'm with Foremost and they're hitting me with $1596 for the year. Guess I need to take a safety course to get that knocked down or something!

[boborgera]

I'm with Foremost and they're hitting me with $1596 for the year. Guess I need to take a safety course to get that knocked down or something!

:hun:
Somethings not right, tickets/accidents??
New underwriter who doesn't know a SPYDER FROM A SPIDER!!

[Fire Joe]

I have Progressive and I am paying $800/yr. for full coverage but that also includes my 08 Yamaha Raptor at full coverage as well.

[M2Wild]

'08 SM5 $90 minimum full year basic and $275 if added collision for the whole year. I usually lay the bike up after October and call in to suspend the collision part. Progressive cost me less than $200 for the year on Spyder.

[Chikez]

I was with Progress for my two wheeler and they wanted almost $2,000 to cover the bike and the Spyder RT. That is more than my big truck that pulls our RV. I contacted Foremost and the two bikes combined were $700 with full coverage, $250 deductible.

[woodchuck]

Yep, we have ambulance chaser attornies putting ads up on TV around here. It's just that I've never seen anything here that ties that into what type of insurance coverage you have.

I have ins through markel american at the cost of $580.00 for a year. :2thumbs:
Here is my coverage.
Bodily Injury liability 100,000-300,000
Property Damage 50,000
Passenger liability 100,000-300,000
Uninsured motorist 100,000-300,000
Underinsured motorist 100,000-300,000
Pederstain 5,000
Medical Payments 5,000
I live in Penna.
Comprehensive-Actual cash value
Collision Actual Cash Value
All I am trying to say to you is that if(God forbid)you are in an accident like I was, and you have miminal ins you will come out on theshort:dontknow: end of the stick.

[hecoon]

I have Geico but I think this about what I pay too...

09 rs 297 geico fla

[Bob Denman]

This thread dates back five years... there's NOTHING in here that will apply to today's pricing! :banghead:

[oldguyinTX]

This thread dates back five years... there's NOTHING in here that will apply to today's pricing! :banghead:

Very true, Bob. As an independent insurance agent, what company do you use, and are you willing to disclose what you are paying?

[Bob Denman]

I use the American Modern Group of companies. they specialize in PowerSports coverage... :thumbup:

[sandeejs]

EDIT: Just looked it up and some states (like Michigan) have No Fault insurance instead of limited / full tort so, in general, there is no suing of the other persons insurance company for damages, pain suffering, etc.
Michigan allows suing of of the driver at fault for motorcycle accidents, we just have limits for what can be awarded. A kid ran a red light and hit me, totally the bike and trashing my left arm. The limit for pain and suffering for that sort of injury was $99,000. My lawyer got me $90,000. I don't think "no-fault" applies to motorcycles. This reform (years ago) was supposed to reduce insurance costs. Haven't noticed any price breaks.

With the car, any accidents are paid off by your own insurance. Don't ask how I know........

~Sandee~

[gkamer]

They wanted to charge me $800+ per year. Going to have to go look at other options. That's roughly what I'm paying for my truck and the wife's car.

[Deanna777]

I have Geico Insurance been with them for 3 years, full coverage. I have a 2014RTS-SE6. Clean Record, MSF Course, Dual Policy Discount, Mature Rider , Anti-Theft Device, Transfer or Renewal Discounts.


I am in the 50's age group.

I pay $489.00 twelve month Premium + I have a Winter Storage Plan ( I live up here in NE where motorcycle riding season is short) I also have a 2011 Chevy Impala LTZ insured with Geico. I live in Vermont. Deanna

[SPYDERGUY1]

This IS MOST DEFINETELY AN OLD OLD THREAD. Having said before. IF YOU WANT TO PLAY THE GAME, YOU HAVE TO PAY THE PRICE. ENOUGH SAID. P.S. Thank's BOB.

[pitzerwm]

Check with Geico I have a 2014 total coverage max liability, and liability only for my 2011 under $700 one ticket and one parking lot "incident" on my record.

[manxman]

Hi guy's I just recieved my Spyder insurance bill from Progressive $900.00:gaah: What are you folks paying and with what company? I have a great driving record, the two wheeler was half this much.

Thanks
I haqve Geico and cost is $456 per year. I live in Northwest Indiana..........................

[ARtraveler]

As a current update:

State Farm does all my insurance and has for 50 years.

Both :spyder2::spyder2:, full coverage, $500 deductible, less than $50 a month each ($600 year). I have good driving record and two claims in the last 25 years--none considered my fault.