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Re: [St] Insurance
Holy carp, Batman!!!!!!
I've had Progressive for a few years now and don't pay any where near that. I have full coverage on my 88 Hawk GT, 02 Sprint ST, and 03 Monster 800. My yearly total is: $341. This includes my wife riding the Ducati. Which she happened to put into a ditch a couple of years ago causing $3,400+ in damages which Progressive paid. I was scared to death when the bill arrived the following spring and was amazed to find that the bill actually was lower.
When I bought the Sprint new, my bill through Progressive was a hair over $700. The other 6 bikes were still with State Farm. It has gone down steadily since. Granted my wife and I are both over 50 now but still......
George
-------------- Original message ----------------------
From: Dan Wetherington <dnlwthrn@xxxxxxxxx>
> rlnm2000@xxxxxxxxx wrote:
> > A guy I work with is thinking of getting a 2006 Yamaha R6. He talked to
> someone with Progressive (supposedly) and was quoted $7000/yr. I'm not sure of
> the coverage he was asking for, but he tryed scaling it down a bit but it was
> still $4000/yr.
> >
> > IMO THAT'S INSANE. I thought Progressive was decent motorcycle insurer. I
> used them for my 2000 Sprint RS and my insurance was only $360/yr.
> >
> > Does anyone know if insurance for R6 type sport bikes is really that insanely
> high or was he being taken?
> >
> > Rich
> >
> Rich,
> LOTS of factors go into insurance for bikes. One of the biggest, at
> least with Progressive, is the style of bike and the model's history of
> claims. I'm guessing that the R6 is a very popular bike for getting
> wrecked, and that your coworker is younger than 35 or so. This means
> astronomical insurance rates. When I got my Sprint, I got several
> quotes in the $3,000-5,000 range (keep in mind I was 24). Progressive
> was one of the lowest, but I still ended up paying over $1,000 for the
> first year. It has since dropped, but my premiums are still over $700
> per year for full coverage.
>
> The insane part is that, if instead of paying insurance you put the
> premium $$ into a savings account, you could buy the bike new in less
> than a year! I know it doesn't cover medical costs or legal costs, but
> that's why insurance companies suck...
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