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NJ Insurance during the winter
Hi all,
So I took my spyder to my parents house to store it away for the the winter. I called up Geico asking them to cancel/freeze my policy for the winter. But they told me that if i did so that i will have to submit my tags to dmv and then get them again once I renew my insurance back in the winter. I rather would not do that. I wanted to confirm if this is the case and if there is any way around it? They did offer me a winter storage plan and i will save during this time. I am ok with this also i suppose, but if i could cancel/suspend my insurance during this time it would be even better.
tia,
Fas
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Very Active Member
geico
i have geico also and was told i could put a hold on my insurance also, but i never have done it b4 and had no clue you had to turn your plates in. if you put a hold on just the liability and kept the collision and theft it might help
NO BIKE AT THIS TIME
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dont drop ins
why would you cancel your insurance completely. are you willing to chance your bike being stolen or damaged in some way with no pay out all to save a couple bucks. who's gonna pay off the loan if this happens
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Very Active Member
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Very Active Member
Plate turn in varies by State. Some require insurence or no plates. Most of these policys (but not all) just suspend liability coverage. Anything else remains. The kick is however. Some States will charge you to get your plates back and the insurency money saved is very small. Plus, if a nice day, you can not ride
Oldmanzues
Bob D: Where are you ???
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Very Active Member
Originally Posted by Oldmanzues
Plate turn in varies by State. Some require insurence or no plates. Most of these policys (but not all) just suspend liability coverage. Anything else remains. The kick is however. Some States will charge you to get your plates back and the insurency money saved is very small. Plus, if a nice day, you can not ride
Oldmanzues
Bob D: Where are you ???
And the states that want the plates back will not let you keep them without liability. In Ohio I would just drop down to comprehensive and never had an issue. SC is totally different and some companies even rat you out to the state Geico is one of them.
2013 Mag Silver SE5 RT BahaRon Sway bar & Sway bar links, Grip Puppies, Kuryakyn Helmet locks , Ultimate Seat w/Utopia Backrest, Dash power outlet, Spyderpops BumpSkid, Swagman Cup holders, Full size Brake Pedal, Seal DLX Floorboards, Freeway Blaster horns, Sylvania Super Bright fender LEDs, Scotchlite 680 Rear & Fender Reflectors, BRP Fog Light Kit, LED Mirror turn signal strips, 2014 RT grille mod. Outlaw Laser Alignment
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Originally Posted by Magdave
And the states that want the plates back will not let you keep them without liability. In Ohio I would just drop down to comprehensive and never had an issue. SC is totally different and some companies even rat you out to the state Geico is one of them.
thx for the advice there.. i suppose that is the same that happens in NJ.
Glad i know now. And hope it helps anybody else who was curious as they are putting their sypders in for hibernation.
thx
fas
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I have Safco Insurance and was told I could keep Comp on but do not have a hibernation (my words) type program.
2015 RTSE, Red Pearl, Shorty Antenna, Chrome Rear Rack, Deer Whistles, BajaRon Anti-sway Bar
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Very Active Member
Originally Posted by fas2000
yah i dont mind taking that risk with mine. i bought it used, 2008, cash. If it was newer and worth more i might not want to take that risk. its in the garage and i feel the risk is quite low for me to have any issues. im sure many of you have rolex's on your wrists worth more then my little ol rs .
i dont mind keeping the winter insurance, but at the same time if im not gonna use it till april and i save $50 a month for 4 months, thats a new pair of kevlar jeans that i have been looking for .
fas
It might be a good idea to make sure what you will save. I was told by one company, the rates for winter liability were a fraction of the rate for summer (riding for most) liability.
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Winter
I have Geico also they offer me the same to put my bike way for the winter I told them no thanks, since we can have a crazy day do to Global warming, hahaha,,,I will ride any time is 40 or above, when I ask about the plates they told me I keep them, they will protect fire and theft only...
Have a great night lovers..
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Very Active Member
Originally Posted by Magdave
And the states that want the plates back will not let you keep them without liability. In Ohio I would just drop down to comprehensive and never had an issue. SC is totally different and some companies even rat you out to the state Geico is one of them.
That may also be a state requirement to sell insurance in that state. I know that when I still lived in New York, the insurance company was required by law to notify the state if you cancelled your policy. If they didn't, they could lose their license to sell insurance in the state.
"Topper" is my Pearl White 2013 RT-LTD
Professional Retiree - liked it so much when I retired from the USAF, that I started another career so I could do it again!
Happy to be a member of the Maryland Spyder Web - find us at
http://www.meetup.com/MarylandSpyderWeb/
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With State Farm here in NJ I inquired about dropping insurance or reduced insurance for the winter. They told me that it wasn't even an option. I didn't push for any additional info since I ride pretty much all year anyway. It was just out of curiosity.
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Active Member
try riders insurance
by riders for riders a great deal.....
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have State Farm and they told me they would only issue the insurance in 1 year increments, not 6 mos. like my car insurance. At $30/mo it is worth it in case of fire, theft, etc.
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