And i thought your insurance rates go DOWN when you turn 25?

[umairhashmi]

Im in florida so i never carried insurance on the bike (not a requirement in this state). I figured that now im 25 and a half i should look around in case it gets wrecked or stolen. And im shocked because i have had NO INCIDENTS in the last 8 years and ALL tickets have been dismissed + im a safe driver. If you look at the policies its the COLLISION part thats the most expensive.



Geico

We are pleased to offer you a rate quote for a GEICO Indemnity Motorcycle Policy.

Your total premium for a 12 month policy will be $2086.66.

To purchase your policy over the phone, please call 1-866-238-6902. We are available 24 hours a day, 7 days a week.
The details of the coverages and premiums for 2006 SUZUKI GSX1300R HAYABUSA 1300 are:

Bodily Injury Liability(BI)10/20$50.00Property Damage Liability(PD)10M$48.00Medical Payments(MED)REJ$.00Uninsured Motorist(UM)REJ$.00Comprehensive(COMP)500$624.00Co llision(COLL)500$1344.00Towing(TOW)REJ$.00

Progressive

Your 12 Month Progressive QuotePay in full: $2,867.39Pay monthlyownpayment of $477.99
11 payments of $247.24If you have an auto policy, you may want to review those coverages and limits before making your motorcycle coverage selections. Policy CoveragesBodily Injury:$10,000 person/$20,000 accident$25,000 person/$50,000 accident$50,000 person/$100,000 accident$100,000 person/$300,000 accident$250,000 person/$500,000 accident$300,000 Combined Single Limit (CSL)$500,000 Combined Single Limit (CSL)Property Damage:$10,000 property damageUninsured/ Underinsured Motorist Bodily Injury:No coverage$10,000 person/$20,000 accident (Stacked)$10,000 person/$20,000 accident (Unstacked)Medical Payments:No coverage$1,000 each person$2,500 each person$5,000 each person$10,000 each person$25,000 each personTransport Trailer:Vehicle #1 - 2006 SUZUKI GSX1300RComprehensive:No coverage$100 deductible$250 deductible$500 deductible$1,000 deductibleCollision:No coverage$100 deductible$250 deductible$500 deductible$1,000 deductibleRoadside Assistance:SelectedNo coverageAccessory coverage:$1 - $3,000$3,001 - $4,000$4,001 - $5,000$5,001 - $6,000$6,001 - $7,000$7,001 - $8,000$8,001 - $9,000$9,001 - $10,000$10,001 - $11,000$11,001 - $12,000$12,001 - $13,000$13,001 - $14,000$14,001 - $15,000$15,001 - $16,000$16,001 - $17,000$17,001 - $18,000$18,001 - $19,000$19,001 - $20,000$20,001 - $21,000$21,001 - $22,000$22,001 - $23,000$23,001 - $24,000$24,001 - $25,000$25,001 - $26,000$26,001 - $27,000$27,001 - $28,000$28,001 - $29,000$29,001 - $30,000Taxes and FeesFlorida Hurricane Catastrophe Fund Assessment$28.39

[Porkchop]

I'm new to the whole insurance thing..... but i do believe you do have to have some insurance "history". They have to base what kind of rider you are. Thats why there are questions like "have you had motorcycle insurance in the past year" and "Have you had motorcycle insurance with another company in the last 6 months." They have no "history" of you so you are rated along with the "delinquent" under 25 category as high risk. Until you prove that you are a rider that is experienced.... and wont wad your bike.

[umairhashmi]

Originally Posted by Porkchop

I'm new to the whole insurance thing..... but i do believe you do have to have some insurance "history". They have to base what kind of rider you are. Thats why there are questions like "have you had motorcycle insurance in the past year" and "Have you had motorcycle insurance with another company in the last 6 months." They have no "history" of you so you are rated along with the "delinquent" under 25 category as high risk. Until you prove that you are a rider that is experienced.... and wont wad your bike.

The fact that i have had a motorcycle endorsement for 3 years and i have carried insurance on my cars for the past 8 years (without any claims) doesnt mean anything?

[Dragonpaco]

Originally Posted by umairhashmi

The fact that i have had a motorcycle endorsement for 3 years and i have carried insurance on my cars for the past 8 years (without any claims) doesnt mean anything?

you prompty answered your own question with your first post

[umairhashmi]

Originally Posted by Dragonpaco

you prompty answered your own question with your first post

So anytime you buy motorcycle insurance for the first time (regardless of age or driving history) the premium will be sky high for the 1st year? And they drop after that?

[Dragonpaco]

mine was never as high as yours but when i started riding i just went with liability

[Flexin]

Originally Posted by umairhashmi

So anytime you buy motorcycle insurance for the first time (regardless of age or driving history) the premium will be sky high for the 1st year? And they drop after that?

In 03 I was looking at over $2500 for full coverage insurance in my brand new R6. I think in the end it was $2000 or so after looking around. It dropped a bit every year. I was 28.

James

[L8 Braker]

Originally Posted by umairhashmi

So anytime you buy motorcycle insurance for the first time (regardless of age or driving history) the premium will be sky high for the 1st year? And they drop after that?

Yes, unfortunately, that's the game

The cool thing is, if you keep your record clean, it drops quite a bit as the years go by