so i get a quote on insurance for a 06 gsx-r1000

[chevy01xtreme]

Originally Posted by Uncle Bob

Isn't that like buying a plane just to taxi it on the runway ?

there is a difference there. between a plane and a bike. planes fly, thats why there bought. bikes are bought for riding. thats what i plan to do. ride just like i ride my DR650SE.

[MagnumForce]

Originally Posted by chevy01xtreme

there is a difference there. between a plane and a bike. planes fly, thats why there bought. bikes are bought for riding. thats what i plan to do. ride just like i ride my DR650SE.

To say that planes just "fly" is simply ludicrous. When a fighter pilot dominates his enemy due to superior skills, manueverability, avionics, and armaments, he is using his plane to its potential. When a commercial airline pilot takes a full load of passengers and cargo to their destination, he is using his plane to its potential. Different bikes, like different planes, serve different functions, therefore differences in potential. Are we getting this?

Originally Posted by jaydog19833

To each his own for what motorcycle anyone chooses. I think a cruiser is pointless but I don't point it out.

As this is your opinion, I will respect it. IMNSHO, I believe race replicas are pointless for practical street use. I can only tolerate so much nut crushing for less than 20 minutes. I am in agreement with Rowdy on this. I'd much rather have a Z1000, FZ1, or Bandit 1200S. I have all the performance I need and then some, while riding in a practical standard posture. Again, this is my opinion so take it FWIW.

In the end, it's your ride. It's a good thing we live in a world where we have all kinds of bikes to choose from. It pains me because I can get indecisive, but then again, it's also half the fun.

[Trapper]

This is not a defence of the squids on supersports, but isn't a lot of todays consumerism based on excess? For example, Hummers (1) , Ferraris, Some of the snowmobiles today are outrageously fast.

[Clint]

We have a bingo.

[Uncle Bob]

If guys could inflate their "ego"'s ( nudge,nudge,wink,wink) with nitrous there'd be a much smaller market for "performance" toys. LOL

[jsvickers]

so then i call lighthouse insurance who insures my dr650se and they gave me a quote for 1800.00 for full coverage with 1000.00 Deductible..

so i think i know who to go with if i get this new bike

$1,800 per year for insurance on something with an $11,000 MSRP is outrageous, even if it is the lowest quote you got. Tac on to that the fact that the $1,000 deductible is nearly 10% of the value of the bike and you are getting doubly ripped off.

Insurance companies will not pay you the full MSRP to replace your bike with a brand new one if yours get's totalled or stolen. Your $11,000 bike probably becomes about a $9,000 bike (in the eyes of the insurance company) as soon as you ride it out of the dealership (the Kelly Blue Book retail price of an '05 GSXR1000 is $8,450 and the trade in value is $5,860).

If your bike is stolen or totalled in an accident, it is fairly customary for insurance companies to offer you 80% of the value as a settlement. If you think it is worth more, you have to really fight them to prove it. So, if your insurance company has to replace your bike the month after you buy it, you'll probably get an offer of around $6,200 (80% of $9K minus your deductible). If you really fight them, you might be able to talk them up to close to what the KBB retail is, but no more.

To me, that amount is not worth $1,800 a year.

My advice is to save up and pay cash for a bike and only carry liability if the insurance premium for full coverage is going to be more than 10% of the value of the bike.

[MagnumForce]

Originally Posted by trappercase

This is not a defence of the squids on supersports, but isn't a lot of todays consumerism based on excess? For example, Hummers (1) , Ferraris, Some of the snowmobiles today are outrageously fast.

Very true to a certain extent. Not everyone can afford a Hummer or a Ferrari. However, a pimply-faced squid does not need to be on a cup-o-noodle diet to buy a 600cc supersport of his dreams.

[Trapper]

So if you're rich and equally inexperienced and you can afford it, isn't it equally as stupid? Money doesn't buy responsibility and skill.

[MagnumForce]

I agree completely.

[chevy01xtreme]

Originally Posted by EZridr1

To say that planes just "fly" is simply ludicrous. When a fighter pilot dominates his enemy due to superior skills, manueverability, avionics, and armaments, he is using his plane to its potential. When a commercial airline pilot takes a full load of passengers and cargo to their destination, he is using his plane to its potential. Different bikes, like different planes, serve different functions, therefore differences in potential. Are we getting this?

i never said planes just "fly" . but i see how close minded how everyone posts on this forum..it doesnt matter what my quoye was or is. last time i checked its my money. i will and can spend anyway i like.

[chevy01xtreme]

Originally Posted by jsvickers

$1,800 per year for insurance on something with an $11,000 MSRP is outrageous, even if it is the lowest quote you got. Tac on to that the fact that the $1,000 deductible is nearly 10% of the value of the bike and you are getting doubly ripped off.

Insurance companies will not pay you the full MSRP to replace your bike with a brand new one if yours get's totalled or stolen. Your $11,000 bike probably becomes about a $9,000 bike (in the eyes of the insurance company) as soon as you ride it out of the dealership (the Kelly Blue Book retail price of an '05 GSXR1000 is $8,450 and the trade in value is $5,860).

If your bike is stolen or totalled in an accident, it is fairly customary for insurance companies to offer you 80% of the value as a settlement. If you think it is worth more, you have to really fight them to prove it. So, if your insurance company has to replace your bike the month after you buy it, you'll probably get an offer of around $6,200 (80% of $9K minus your deductible). If you really fight them, you might be able to talk them up to close to what the KBB retail is, but no more.

To me, that amount is not worth $1,800 a year.

My advice is to save up and pay cash for a bike and only carry liability if the insurance premium for full coverage is going to be more than 10% of the value of the bike.

who pays msrp for a bike. LOL

[Trapper]

Originally Posted by chevy01xtreme

but i see how close minded how everyone posts on this forum..

All 6161 of us are close minded? Well there's an open minded statement.

[MagnumForce]

Originally Posted by chevy01xtreme

i never said planes just "fly" . but i see how close minded how everyone posts on this forum..it doesnt matter what my quoye was or is. last time i checked its my money. i will and can spend anyway i like.

You said, and I quote "planes fly." To me, that was a generic statement which implies that a plane just takes off, flies for a little bit, then lands without any due regard to what its function or capabilities are. As one who works in aviation, I take this very seriously. Not saying you have to.

Hmm... so we're all closed minded huh? Have you even bothered to read the end of the post you quoted part of? It irritates me if I have to repeat myself. I said, and I quote "In the end, it's your ride." I believe that was an open minded statement. All I did was posted my opinions, as not-so-humble as they were. If there was a statement somewhere in this thread that says "chevy01xtreme, you shouldn't get one of them 1000cc supersports," please feel free to point it out to me.

[blackie1491]

It must be winter, we all need to get out and ride.
May you all ride what you enjoy.

[chevy01xtreme]

how about this instead of being neg with post how about help me find a cheaper quote than the 1800.00 i got already. that would help me the best..

[jaydog19833]

35 posts and still no help. I'll try to help answer this but I'm sure we'll be hijacked onto another topic in no time.

If you are riding a sport bike (regardless of age; if that "R" is at the end) you WILL pay extreme amounts of money for full coverage. I have friends who are 18 and some over 40 whom I ride with. Most of them do not carry collision because of the obscene premium rise. I'm 22, pretty clean record with full coverage and I pay close to 1,200 a year for insurance. My friend is 32 (Very responsible with clean driving record) and he DID have full coverage and it was somewhere around 1,000 or so for a year. He took off the collision and now pays something like 100 a year.

Long story short. With super sport bikes you have to bite the bullet and shell out extra money if you want full coverage. If you deem yourself blessed and never expect to crash; don't carry collision. Of course 9,000 for a year policy is extreme but keep on searching and I'm sure someone of your age group could find something for about 1,000. Drive whatever you want even if you may never be able to use it, it's your freedom of choice.

Keep looking; I'm sure you can find something cheaper.

[Freakinout]

I think everyone covered pretty much everything you need to know.

Just FYI: I pay $97 a year for slightly over the required liability in TX, I'm a 22 y/o single male. The bike is a 2001 kawi ninja 500R.

Its hard to consider upgrading when you know its gonna cost me less than $97 to insurance it next year, and so on.

[jaydog19833]

Yeah I had an 03 Ninja 500 without full coverage and it was somewhere near there too. Too bad those extra 600cc's on my GSXR made that much of a difference

[chevy01xtreme]

Originally Posted by jaydog19833

35 posts and still no help. I'll try to help answer this but I'm sure we'll be hijacked onto another topic in no time.

If you are riding a sport bike (regardless of age; if that "R" is at the end) you WILL pay extreme amounts of money for full coverage. I have friends who are 18 and some over 40 whom I ride with. Most of them do not carry collision because of the obscene premium rise. I'm 22, pretty clean record with full coverage and I pay close to 1,200 a year for insurance. My friend is 32 (Very responsible with clean driving record) and he DID have full coverage and it was somewhere around 1,000 or so for a year. He took off the collision and now pays something like 100 a year.

Long story short. With super sport bikes you have to bite the bullet and shell out extra money if you want full coverage. If you deem yourself blessed and never expect to crash; don't carry collision. Of course 9,000 for a year policy is extreme but keep on searching and I'm sure someone of your age group could find something for about 1,000. Drive whatever you want even if you may never be able to use it, it's your freedom of choice.

Keep looking; I'm sure you can find something cheaper.

i found places that where cheaper ,but i am looking for the best price.. i am still searching.

anymore help would be great from anyone

[jsvickers]

who pays msrp for a bike. LOL

That makes my point stronger. $1,800 a year for a bike that costs less than $11,000 is even more outrageous, especially given the fact that what you will collect from the insurance company for your bike will be probably around $7,000 if the bike is stolen or totalled. And that number will go down every year you own the bike while you're insurance bill will stay the same.

I can't really help you find cheaper insurance, because in my opinion, you should pay cash for the bike and carry only liability. My personal limit is to drop the insurance if the premium is more than 10% of the value of whatever you're insuring.