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| | #1 (permalink) |
| Seat Tester Joined: Apr 2007
Bike: '07 Harley Softail Deluxe
Location: NJ
Posts: 65
| I got a quote from Geico who insures all my cars, and holds my umbrella policy to insure an '06 Suzuki C50. The quote was $650/ yr. Being in NJ I would have expected a high quote but not that much. Also, I am a new rider. Does this sound about right?
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| | #2 (permalink) |
| Seat Tester Joined: Mar 2007
Bike: traded 1600 Classic for 2006 V2K LT!
Location: South Jersey
Posts: 70
| That's a standard rate for anything over 800cc's and larger. You'll pay the same price, even if you owned a 2000 cc bike. Next year, the price will drop to around $450, assuming you don't get in an accident or any points. I've lived in Jersey my whole life and been on 2 wheels for almost 40 years, without any accidents or points and still pay the same high premiums. It's just one of those "wonderful perks" we get for living here
__________________ Joy & Peace in Christ, Bob SJ Bikers for Christ |
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| | #3 (permalink) |
| Seat Tester Joined: Feb 2007
Bike: 2005 Suzuki M50
Location: Mullica Hill, NJ
Posts: 79
| I just purchased my first bike, a 05 M50, a few months ago...I called Geico first because I used to have them a few years back and they quoted me $540. I was a bit shocked that it was that high, so I called progressive and for the same exact policy it was $223. Well you can figure out who I went with, so I say shop around.
__________________ Black 05 M50 - Corbin Stinger-Kurakyn ISO Grips/Throttle Boss/Stiletto Bar Ends-Mapam Forward Controls-Mapam Side Mount License Plate w/Tail Mod-Dynojet PCIII-Tornado Intake. Soon to Come-Custom Exhaust |
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| | #4 (permalink) |
| Seat Tester Joined: Apr 2007
Bike: '07 Harley Softail Deluxe
Location: NJ
Posts: 65
| I think the only problem I would have if I didn't go with Geico is that they would not add the bike to my umbrella policy. I have a Z06 corvette which I had to put on the policy (I had to take it off a collector's policy) because Geico refused to put it on my Umbrella unless they also insured the car.
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| | #6 (permalink) |
| Ditch Magnet ![]() Joined: Jan 2006
Bike: 2007 HD STREET GLIDE
Location: TORONTO, CANADA
Posts: 189
| I suppose one of the perks of living in the USA is low insurance rates. Yes I mean low. Canadian rates are totally out of whak and there are only a few companies that insure motorcycles. I'm paying over $1000 for a C50T, into my third riding season and have a clean record. A friend with almost 10 years exprerience just signed up for over $2000 for a new Harley. I hope many of you feel better now! |
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| | #7 (permalink) |
| Seat Tester Joined: Feb 2006
Bike: '03 Honda shadow 750 Spirit
Location: Southwest PA
Posts: 58
| In PA, with state farm, mine is $500. A fellow worker when I was in South Carolina said that his bike insurence costs him $5000 a year. Not sure of his driving history or what his plan was but that is a lot of money for his sportbike.
__________________ Why am I here posting? I should be out riding! |
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| | #8 (permalink) |
| Newbie Joined: Apr 2007
Posts: 12
| Hmm...I've been riding for 5 years and I'm 21, have no accidents on my record, and this is how much I pay and what my insurance covers: $1162 per year Liability to Others: Bodily Inury Liability: $100,000/$300,000 Property Damage Liability: $50,000 Uninsured Motorist: $25,000/$50,000 Medical Payments: $5,000 Comprehensive Ded.: $1,000 Collision Ded.: $1,000 Custom Parts/Equipment: $1,000 I chose to go with some pretty expensive stuff because I guess I like to be safe...I dunno. But I got a discount because I'm a homeowner and because I'm in the military. I got my insurance through USAA, but Progressive wrote the policy. |
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| | #9 (permalink) | |
| Seat Tester Joined: Apr 2007
Bike: '07 Harley Softail Deluxe
Location: NJ
Posts: 65
| Quote:
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| | #11 (permalink) |
| I took the All Bran Challenge ![]() Joined: Jun 2005
Bike: C50SE
Location: Aldergrove, B.C., Canada
Posts: 7,333
| To compare the difference in our rates you must look at the coverage. Uninsured motorists protection 1 million Third party liability 2 million collision deduct. $500 Comprehensive deduct. $300/Windshield $200 It is costly. |
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| | #12 (permalink) |
| Newbie | Just FYI. Progressive is currently, by far, the cheapest insurance for motorcycles in NJ. I just began riding and compared rates from approximately 20 different companies (I've got a boring job) and have maximum coverage with $100 deductibles for collision and comprehensive for under $200 a year. I even have a friend who works claims at Progressive and she confirmed that every shop she has spoken with is bewildered that any rider in NJ would go with anyone besides Progressive. I personally hate progressive as they dropped my car insurance 7 years ago after a 5mph bump, but I wanted to save the $300 or so on the rates so I sucked it up. |
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| | #13 (permalink) | |
| Seat Tester Joined: Feb 2007
Bike: 2005 Suzuki M50
Location: Mullica Hill, NJ
Posts: 79
| Quote:
__________________ Black 05 M50 - Corbin Stinger-Kurakyn ISO Grips/Throttle Boss/Stiletto Bar Ends-Mapam Forward Controls-Mapam Side Mount License Plate w/Tail Mod-Dynojet PCIII-Tornado Intake. Soon to Come-Custom Exhaust | |
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