Yeah, contrary to my societal views, Progressive here too. Thinking I had two or three on and all under a buck fifty......course that's been a few years gone.
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Insurance - cost of use. 💸💸💸
- Thread starter bosco659
- Start date
That's a nice theory but there is a catch. What happens if you let someone else take your bike for a ride? You as the owner will bare some responsibility(liability) no matter what they have for personal insurance.
I think I do get a discount for a second bike. But it can get stole while I am away. Not likely most thieves would know how to turn on gas, find choke, etc . That is why I leave the keys in anyway.Based on the logic that we can only ride one bike at a time, shouldn't we jus' get charged for the one? Jus' sayin'....
A friend has over 23 vintage, very collectible bikes. I asked him if had special “fleet” insurance and he replied no, each one was insured separately, even though he is the sole rider.
I looked at my old policy from last year and my XS (liability only) and Moto Guzzi (full coverage) was $1632 per year. I guess this controls how many bikes I’ll ever own at one time. Lol.
I looked at my old policy from last year and my XS (liability only) and Moto Guzzi (full coverage) was $1632 per year. I guess this controls how many bikes I’ll ever own at one time. Lol.
Over here we have insurance mandated in the registration.
CTP.
"Compulsory Third Party (CTP) insurance protects drivers from the financial impact of causing injury or death as the result of a motor vehicle accident"
Here is my DL650 registration cost, including the CTP coverage, + a break down of the insurance cost
The I have to buy another policy to either cover damage to the other party's vehicle, (third party), or a Comprehensive policy. This is obviously priced to reflect either policy.
I
CTP.
"Compulsory Third Party (CTP) insurance protects drivers from the financial impact of causing injury or death as the result of a motor vehicle accident"
Here is my DL650 registration cost, including the CTP coverage, + a break down of the insurance cost
The I have to buy another policy to either cover damage to the other party's vehicle, (third party), or a Comprehensive policy. This is obviously priced to reflect either policy.
I
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Just confirmed my current “Tracker” although of course not insured yet is registered with WA State as a 79 Black Standard , body style “traditional” , no mods
Just as my last 78 customized “roadster” and previous XS’s were registered.
Insurance companies look at the vehicle registration.
It’s probably most wise to insure an XS650 to the bare minimum as nobody is going to repair one from a collision.
XS650’s are really in the disposable category as far as an investment. Because only you are going to fix it.
Other modern motorcycles may be worthy of an accurate description and insurance policy.
Also my only vehicle is a 2000 F150, a work truck. My insurance provider recently advised that I was under insured as many of the new vehicles have much more replacement cost, as an example he noted the price of a newer Tesla or SUV Lol !
I have no, as in ZERO “chargeable” collision incidents since age 16 and am absolutely defiant to pay more assuming I am going to be at fault in a collision. (middle finger inserted here)
To pay more for premiums to bet against myself isn’t going to happen.
When I dump a motorcycle (which has happened several times) I haul it home in a pickup and fix it myself.
Just as my last 78 customized “roadster” and previous XS’s were registered.
Insurance companies look at the vehicle registration.
It’s probably most wise to insure an XS650 to the bare minimum as nobody is going to repair one from a collision.
XS650’s are really in the disposable category as far as an investment. Because only you are going to fix it.
Other modern motorcycles may be worthy of an accurate description and insurance policy.
Also my only vehicle is a 2000 F150, a work truck. My insurance provider recently advised that I was under insured as many of the new vehicles have much more replacement cost, as an example he noted the price of a newer Tesla or SUV Lol !
I have no, as in ZERO “chargeable” collision incidents since age 16 and am absolutely defiant to pay more assuming I am going to be at fault in a collision. (middle finger inserted here)
To pay more for premiums to bet against myself isn’t going to happen.
When I dump a motorcycle (which has happened several times) I haul it home in a pickup and fix it myself.
Yep only vehicle to get comprehensive is the late model 4 wheel stuff. The diff from liability only to comprehensive is minimal on those.
My insurance agent warns me this year everyone will have insurance sticker shock. Lets just say it's going to be more than the advertised inflation rate........
Good points. I would purchase liability only but comprehensive is cheap. My license suggests that I have been riding since 1974 with no claims or accidents (what they don't know can't hurt me). I have some very nice paint work on both bikes and should the occasion arise, I would like that restored. Xs650s are not yet prime collectibles and won't be until the "weld on hardtail manufactures" retire due to lack of business. Most of us just enjoy an engaging fun motorcycle and if we thought "this thing might be valuable" on day, we might enjoy riding them a little less.Just confirmed my current “Tracker” although of course not insured yet is registered with WA State as a 79 Black Standard , body style “traditional” , no mods
Just as my last 78 customized “roadster” and previous XS’s were registered.
Insurance companies look at the vehicle registration.
It’s probably most wise to insure an XS650 to the bare minimum as nobody is going to repair one from a collision.
XS650’s are really in the disposable category as far as an investment. Because only you are going to fix it.
Other modern motorcycles may be worthy of an accurate description and insurance policy.
Also my only vehicle is a 2000 F150, a work truck. My insurance provider recently advised that I was under insured as many of the new vehicles have much more replacement cost, as an example he noted the price of a newer Tesla or SUV Lol !
I have no, as in ZERO “chargeable” collision incidents since age 16 and am absolutely defiant to pay more assuming I am going to be at fault in a collision. (middle finger inserted here)
To pay more for premiums to bet against myself isn’t going to happen.
When I dump a motorcycle (which has happened several times) I haul it home in a pickup and fix it myself.
Man Vic, you are getting screwed in Ontario. I'm in shock how expensive that is. Here in BC my collector insurance is about $200/year for the 650 and I just paid $278/year for the FJ1200. That is for $2 million liability on each bike. No other insurance. I keep them in the garage unless I'm on a trip. This insurance does have a restriction. You must have an insured primary vehicle (my work truck) and you cannot commute to work with a collector status vehicle. The other requirement for this collector status is the vehicle must be at least 25 years old and in nice presentable stock condition, with relatively little modification except for safety (like brake upgrades).
Hope you find an alternative.
Hope you find an alternative.
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I was curious so I called my agent this morning about my actual insurance cost. One policy covers both bikes and cost $167/year.
My insurance rates vary drastically. The minimum state requirement is very cheap. The price for what I’d like to have is cost prohibitive. The price for what I’m comfortable with is what I consider reasonable. It’s surprising to me because I live in the greater Memphis metropolitan area. I consider myself well traveled and I truly believe Memphis drivers are the worst the world has to offer. Shelby County, TN had over 27,000 crashes last year, about 100 of them fatal. Shelby might have a million people.
Like charges based on the owners record not by the bikeBased on the logic that we can only ride one bike at a time, shouldn't we jus' get charged for the one? Jus' sayin'....
IE no tickets / No claims / Age of the driver ( might be going into dangerous territory )/ maybe miles driven ....
Charging by the vehicle is a bit much
Frack! I pay €240 p.a. for three bikes fully comp.
Oddly, Third Party Only is no cheaper, and in some cases might be more expensive.
Totally turned on its head, the last few years - was certainly true that fully comp was much more expensive when I was younger.
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When your government doesn't want anyone riding motorcycles without saying it.
