Motorcycle insurance - Page 2 - Honda Shadow Forums : Shadow Motorcycle Forum

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Old 12-07-2012, 02:49 PM   #11 (permalink)
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With Progressive my insurance is pretty cheap.
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Old 12-07-2012, 02:52 PM   #12 (permalink)
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With Progressive my insurance is pretty cheap.
Agreed, my husband and I have decent full coverage and its $30 per month for each bike. We just sold a bike that had liability only and it was $70 for the year.

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Old 12-07-2012, 03:04 PM   #13 (permalink)
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The rules follow the state the bike is registered in. I know for sure because California DMV threatened to cancel my registration if i didn't show proof of insurance. They didn't even ask where i lived.
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Old 12-07-2012, 03:42 PM   #14 (permalink)
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Motorcycle insurance isn't always cheap...for good reason. Price out a 50 year old guy on a cruiser, vs a 19 year old on an 1100 sport bike and the difference is huge. For me with high limits of coverage and a $500 deductible it's about $115 to cover my 750 Shadow.
If that's annual I would still call that cheap as hell compared to cars. If it's not you should shop around...

The V-Max is the most expensive bike for me to insure... even more than the Hog which is funny since the Hog has a bigger engine (1450cc) and is more valuable. I guess the risk of an accident is higher when you've got poor man's turbo charger on a bike

Anyway... that thing still only costs $140 a year for the highest possible coverage.

Compared to my 95 Ford Escort 4 banger rust wagon worth <1k which costs $380 a year to insure for liability only. Maybe it's more in states where bikes are 4 season vehicles, but at least in Illinois it's nothing.

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Old 12-07-2012, 04:33 PM   #15 (permalink)
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[QUOTE=ZackDaniels;1438523]If that's annual I would still call that cheap as hell compared to cars. If it's not you should shop around...QUOTE]
Oh, I agree. What I meant was that a sport bike with a young rider can be a over $2000 a year. I think I have it great at $115, especially for the limits of coverage I have. I used to work in insurance a decade ago, and when we were training on quoting cycles, we ran the comparisons of the 53 year old on a full dress Harley vs the 19 year old on a sport bike, full coverage on both, and I pity the kid. But, based on the statistics, the kid is multiple times more likely to total that bike than is the mature gent on his Harley.

I remember many years ago when my cycle insurance ran $40 a year. When I calculate the percentage of cost/purchase price of that bike vs my current ride, my insurance today is half the cost of back then. The advantages of advancing age...
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Old 12-07-2012, 04:42 PM   #16 (permalink)
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All I know is it sucks to pay $470 a year for insurance with $1000 deductable comp and no collision protection, and realize well over half that coverage is paying for another's uninsured and the percentage of the rate for under insured and motorist coverage to $500K. Some riders believe they cannot do all that much damage in an at fault accident but they can cause another vehicle to crash into a wall and roll over injuring occupants.

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Old 12-07-2012, 05:14 PM   #17 (permalink)
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All I know is it sucks to pay $470 a year for insurance with $1000 deductable comp and no collision protection, and realize well over half that coverage is paying for another's uninsured and the percentage of the rate for under insured and motorist coverage to $500K. Some riders believe they cannot do all that much damage in an at fault accident but they can cause another vehicle to crash into a wall and roll over injuring occupants.

Markell bike Insurance.
Yep - and to put it into perspective - MC insurance costs something between $0.27 per day (at $100/yr) to $5.47 per day (at $2k/yr)... Probably on average for most Shadow Riders, well under a buck a day. I'll submit most of us piss away MUCH more money than that a day on coffee, beer, smokes, itunes, bottled water, tattoos, smartphone apps, etc. etc. etc.....with far less marginal utility than the value of protection against financial ruin.

It may suck to have to buy insurance to protect yourself financially from the knuckleheads who are uninsured or underinsured after they cause mayhem, but in reality, that portion of the cost is somewhere between a Tic-Tac and a can of Coca-Cola per day for some peace of mind.

It sucks more to get sued or screwed, and that's a fact.

My wife got tagged in the bumper last month by a dude on a harley at a light....didn't look like much, but it was $1200 to fix the civic....he was glad he had insurance and so was I.
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Old 12-07-2012, 05:17 PM   #18 (permalink)
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I currently work in the insurance industry and can say that of course everyone should purchase insurance, bike, car, home or renters and umbrella and life. I personnaly have totalled a car (no injuries excecpt a bit lip and sore ankle) and had a whole house fire (total loss).

My brother and I went to college on my dad's life insurance proceeds...I will happily pay all my premiums for the rest of my life.

Last year I worked in a brokerage where we wrote high risk cycle insurance. In one year I had three different accounts with a new (young) rider, crotch rocket and within 3 - 6 months two of those policies cancelled due to cycle accident and death of rider the other the rider was injured to the point they would not be able to ride again.

Helmets, armour, insurance and MFS course for me all the way!
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Old 12-07-2012, 05:39 PM   #19 (permalink)
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Cost me $99 a year for full coverage with Geico,so I would spend the $100 or so it get insurance. Pretty sure what ever the law is for state of registration.
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Old 12-07-2012, 08:55 PM   #20 (permalink)
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If you are riding in a state that requires insurance I would put insurance on regardless of the registration state. One less thing for cops to have a problem with. I view it the same as other laws. For example, in North Dakota if you are 18 or older no helmet is required but if I ride in a state that has a helmet law I have to follow that law or get a ticket. Play it safe and get the insurance.


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