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Discussion Starter #1
What are you guys doing for insurance?

I just received a rather high quote from Progressive of $650/year. I'm a 32 year old male with a spotless record. Took the minimum liability and collision coverages w/ $500 deductibles. Still seems really high, considering my '05 Rebel 250 is only $100/year for the same coverage.
 

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Yeah, that's high. I'm 41, perfect driving record since the early 90s, took the MSF course, and the Rebel 500 is my first bike.

I have Geico, minimum liability, plus comprehensive coverage with a $500 deductible.

My annual premium is $108.

I did pay cash for the bike, though, but I did several quotes before I bought the bike, and I think it was around $200 if I was financing.

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Discussion Starter #3
Yeah, that's high. I'm 41, perfect driving record since the early 90s, took the MSF course, and the Rebel 500 is my first bike.

I have Geico, minimum liability, plus comprehensive coverage with a $500 deductible.

My annual premium is $108.

I did pay cash for the bike, though, but I did several quotes before I bought the bike, and I think it was around $200 if I was financing.

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That's crazy. I also paid cash for the bike, no financing. I'll have to shop around I guess.

It might be partly because I live in CA, sunshine tax on everything out here.
 

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Illinois isn't shy on their taxes, either lol.

For what it's worth, the MSF course gets a $12 discount, and a $6 discount for dual policies (bike and our 2 other vehicles).

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I'm in California and pay about the same as well, but I financed my bike and my deductible is $200 bucks. I'm 26 now, still in college, and this is considered a big purchase for me. My insurance was through Geico since I already have two cars with them.
 

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$350 comprehensive and collision in NYC, w/ $250 deductible through Progressive. Bike theft and non-moving collisions are a problem here, as you pretty much have to park your bike in the open, on city streets. Garaging is prohibitively expensive and most fenced parking areas don't accept motorcycles...New York is so backwards sometimes. Anyway, because of that, our insurance is a bit more expensive. I got all the discounts I could get (MSF, Safe Driver, Bundle etc...).
 

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Geeze, sometimes I wish Israel was a bit more advanced than the little backwater, cartel-infested country that it is - We have unreasonably high insurance rates for 2 wheeled vehicles, since the insurance companies basically operate as a cartel and the bike and scooter market share is pretty small.

I paid 2240USD (8000NIS) for an annual insurance which includes everything - theft, accidents, 3rd-party (as in injuries/damages to 3rd parties due to accidents that are my fault), injuries and whatnot. We have a mandatory insurance scheme here, for which I paid almost half of the above, and another half for an extended policy (theft, 3rd-party, damages to vehicle and injuries to rider).

Oh, and since bikes are considered "high risk", the mandatory scheme is provided by an organization called "The Pool", which is the organization that insures those that regular insurance companies won't insure - Naturally, there's no wiggle room in prices - All insurance brokers sell you the "Pool" rate for mandatory insurance, since insurance companies won't insure you themselves.

On top of that I added an anti-theft system which cost me 390USD (plus a 15USD monthly payment), which basically means if my bike is stolen (we have a lot of bike thefts here), they must retrieve it within 30d or pay 90% of bike value - that, at least, was money well spent.

No wonder I have no money left for after-market accessories :)
 

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$650/yr is definitely high. I have everything like Ryan above, also in NY (though not the city), and with progressive as well. Mine is like $375 but I didn't do MSF. The total for both my bikes is around $650.
 

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I have Allstate. Full coverage with a $500 dollar deductible, I pay 39.00 a month. I also have my Home & Auto with them too. I'm 43 with an "almost" spotless record. Geico and Progressive both quoted me a few bucks less for motorcycle insurance, but I've been dealing with the same guy at Allstate for about 20 years so I decided to keep everything with one company.

-CG
 

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I have Allstate. Full coverage with a $500 dollar deductible, I pay 39.00 a month. I also have my Home & Auto with them too. I'm 43 with an "almost" spotless record. Geico and Progressive both quoted me a few bucks less for motorcycle insurance, but I've been dealing with the same guy at Allstate for about 20 years so I decided to keep everything with one company.

-CG
I've had Allstate for my car since I started driving and I wish I could've kept them but I was quote way higher than progressive for the bikes unfortunately :/
 

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I have Allstate. Full coverage with a $500 dollar deductible, I pay 39.00 a month. I also have my Home & Auto with them too. I'm 43 with an "almost" spotless record. Geico and Progressive both quoted me a few bucks less for motorcycle insurance, but I've been dealing with the same guy at Allstate for about 20 years so I decided to keep everything with one company.

-CG
I'm paying the same amount $39/month through State Farm. Likewise I use them for Home & Auto, 28 years old though. Full coverage, Chicago IL.
 

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I left Allstate nearly a decade ago due to their outrageous price increases. Every 6 month renewal cycle, our premiums would go up like $15 or $20.

Wife and I both had clean driving records, no claims, both vehicles were paid off... yet if we had renewed again, it was gonna cost us $185 per month.

I asked our agent what the deal was... why does it keep going up? He said that's just how insurance works.

So I got a quote from Geico, same exact coverage down to the penny for $104 per month... that's almost $1K per year less than what we were paying Allstate.

Now nearly a decade later, we both are financing newer vehicles (2014 Kia Sportage for the wife, 2016 Chevy Silverado for me) and we're paying around $140 per month. I can just imagine what we'd be paying Allstate now if we were still with them...

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I left Allstate nearly a decade ago due to their outrageous price increases. Every 6 month renewal cycle, our premiums would go up like $15 or $20.

Wife and I both had clean driving records, no claims, both vehicles were paid off... yet if we had renewed again, it was gonna cost us $185 per month.

I asked our agent what the deal was... why does it keep going up? He said that's just how insurance works.

So I got a quote from Geico, same exact coverage down to the penny for $104 per month... that's almost $1K per year less than what we were paying Allstate.

Now nearly a decade later, we both are financing newer vehicles (2014 Kia Sportage for the wife, 2016 Chevy Silverado for me) and we're paying around $140 per month. I can just imagine what we'd be paying Allstate now if we were still with them...

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Good to know, my state farm agent moved and the new agent is horrible. Tried comparing with all state and was similar pricing, will give Geico a shot.
 

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I'm in CO, 56 yo, spotless record and I pay roughly $300 per year through American Modern Ins. The coverages are way better than Progressive or Geico. Not all insurance is available everywhere though. I've seen postings on another forum about Dairyland Insurance having good rates. I use an independent agent and they're really good about shopping around and finding the best rate. Make some calls.
 

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Discussion Starter #16
Mine is currently at $18/month but if I were to pay it all at once it would be somewhere in the $11-$12 range. Progressive and full coverage w/ $500 deductible.
That's a good deal IMO! Of course there are fewer drivers (uninsured and otherwise) in Utah. Plus maybe they consider you won't be driving the bike for 1/3 of the year as well.
 

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I have Geico for car and home owners insurance so i stuck with them for my motorcycle insurance as well. For some reason I am paying a lot more than most of you. Even if i am a new rider, i didn't think it would be that high. I am 36 with a clean driving record. I also got my discount for multiple policies and MSF course. Below is my coverage plan and cost.

How does it stack up against what you guy got?


  • 12 Month premium $575 - $52 a month
  • Bodily Injury Liability - $15,000/$30,000
  • Property Damage Liability - $10,000
  • Uninsured Motorist Bodily Injury - $15,000/$30,000
  • Under insured Motorist - $15,000/$30,000
  • Comprehensive/Collision Deductible - $500
 

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MrEmptyWallet,

Obviously I don't know the details of your insurance policies, but here's something you may want to ask about: My Allstate Agent gave me the option to put the uninsured motorist coverage on my motorcycle policy (would have been more $$) or I had the option to stack it on my car policy for a few bucks less. He gave me a long explanation as to how it works, but most of that insurance talk is way over my head. The bottom line was I am covered for uninsured motorist in my car or on my bike, and it was less money than putting it on the motorcycle policy. Ask about it, it could save you a few bucks!

I pay 39.00 a month with Allstate (annual is 457.00)

Bodily Injury/Liability: 50,000/100,000
Property Damage Liability: 50,000
Collision Deductible: 500
Comprehensive Deductible: 250
Optional Equipment: 1,000


-CG
 

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Insurance with Swann insurance.
$300 per year for the Rebel
Australian insurance can be expensive but this was pretty good.
Gets cheaper next year after I do my Defensive riding course in December
 

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I have Geico for car and home owners insurance so i stuck with them for my motorcycle insurance as well. For some reason I am paying a lot more than most of you. Even if i am a new rider, i didn't think it would be that high. I am 36 with a clean driving record. I also got my discount for multiple policies and MSF course. Below is my coverage plan and cost.

How does it stack up against what you guy got?


  • 12 Month premium $575 - $52 a month
  • Bodily Injury Liability - $15,000/$30,000
  • Property Damage Liability - $10,000
  • Uninsured Motorist Bodily Injury - $15,000/$30,000
  • Under insured Motorist - $15,000/$30,000
  • Comprehensive/Collision Deductible - $500
As stated above, I also have Geico (motorcycle, wife's SUV, my truck and home owner's insurance). Here's my motorcycle coverage breakdown for comparison, as well as the amount each adds to the premium:

  • 12 Month premium $108
  • Bodily Injury Liability - $25,000/$50,000 ($25)
  • Property Damage Liability - $20,000 ($11)
  • Uninsured Motorist Bodily Injury - $25,000/$50,000 ($39)
  • Comprehensive/Collision Deductible - $500 ($33)
Coverage wise, I have higher coverage amounts than you, but don't have the under insured coverage... though I'd guess that would cost even less than uninsured motorist coverage, which is only $39 per year.

I'm 5 years older than you (41), so possibly in a different price bracket. And I'm married (are you?) which I think is another factor (single people are statistically riskier than married people).

Those are the only factors where we might differ that I can think of... otherwise I have a clean driving record, new rider, MSF course, multiple policies, etc.
 
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