[Anonymous]

I’m debating between 2 bikes- 2008 Kawasaki Ninja 250 and Vulcan 500. I cheapest insurance quotes I found were $588 for the Ninja and $407 for the Vulcan each year.

Coverage:
Bodily Injury 250k person, 500k accident
Property Damage 100k accident
UM 250k person, 500k accident
UIM 250k person, 500k accident
Comprehensive 250 Ded
Collision 500 Ded

I have a clean driving record and over 25. This seems a lot higher than other people. Am I carrying too much coverage? A bit morbid, but it seems in an accident I’d be the one hurt with little damage to others. Cheaper insurance = more $ for gear

[MattN]

If you own a house those are great amounts of coverage and I wouldn’t go less. You can save a bit by going with a $500 deductible for Comprehensive.

Thats actually not too bad $$-wise… 600 a year is only $50 bucks a month, figure out have it insured for maybe 7 months out of the year and you won’t be paying too much.

Clean driving record for a car won’t necessarily translate to motorcycles, your still a newly licensed rider when it comes to bikes ( I’m assuming you just recently got your license ).

[Anonymous]

Those limits are the same as my car insurance. I guess I was comparing to 2 guys at work who pay under $300/year for big Harleys, but it seems they carry less coverage. I do own a house as well. Since the bike would be for “pleasure use” according to my agent, it’s already discounted and they don’t offer coverage less than 12 months. I did read a post about someone reducing coverage in the winter months when the bike is in storage, so I’ll see if the insurance company goes for that.

[MattN]

Well, my neighbors pay about a 1000/yr for each of there 2 harleys, and they have been riding for over 8 years. I really think it all depends on the coverage you want. If you own a house I think the good advice is “more is better”. Hate to have an accident and be in a postion where you could lose your house ( if your sued… etc… )

I’ve never heard of an insurance company that insures for part of the year either… What most people do is come november they take the bike off the road and turn in there plates, and drop teh insurance. In your garage the bike would be covered under homeowners unsurance anyway if anything happenned. Then come next march get a new insurance policy on the bike when you are ready to re-register and put it on the road.

[Anonymous]

Found a great company, same coverage as above for $251 a year!!!! They only offer MC insurance to PA, NJ, and OH residents. Definately check them out if you’re in those states. http://www.ridewithrider.com/

[Author]

Posts