!!INSURANCE!!

hey whats up everyone i was really close to getting a CBR600rr, i had about half the money saved up and and i was gonna finance the rest....and then i went to get a insurance quote for the bike at progressive and they told me it would cost $1500 a year if i paid it all off at once... (which i couldn't do) and it would cost a mother F****** $5000+ a year if i financed it.....what the hell!!!!is this normal and does anyone know where or how i could get much cheaper insurance like at least a 1000 bucks or less a year. any information would be MUCH APPRICIATED.
thanks,
Reece

ya its gon\ing to cost that much if you get full coverage. most people fro what i hear don't get full coverage unless they finance it and do pay out the ass for insurance. if you finance with the honda card you don't need full coverage.

It is all about the insurance co. , your driving record ,age and if you are married. A friend had to sell his gsxr 1000 because he financed it and had to carry full coverage($400.00 a month) ins was $150 more than the bike payment but then on the other hand i only pay $24.89 a month for full coverage on a 1994 900rr(state farm) and it is not just because the bike is old i called about a 2005 gsxr 1300 and it was $34.00 a month.

good luck hope this helps

Man...do I feel you. Check it...Allstate and State Farm offer better rates. It really will depend on age, experience, engine cc's, etc. The best way to go with the big dawg insurance companies is to have a vehicle with the same company. That will allow the insurance company to give you a low policy because they think they'll have a hold of you if you total your bike and they have to pay for it. They'll just try to raise you premium on your vehicle...that's when you transfer to another insurance company.

hey guys thanks for all your help. i guess i'll be calling up state farm and all state. lets hope i can get the rates down.
Aloha,
Reece

That's the main reason I opted for the 600! They wanted a bundle for the 1000RR....More than my '04 Celica GTS!! I only have about 8 months of riding a year over here in NY so it's really not worth it to pay that much for 8 months on any vehicle!! I wouldn't put my bike insurance under the same company as my car because it's true that even if you get into a little fender bender with either vehicle, your insurance rates go up immensely

hey man, i had progressive ins and the price was outragous, i had to 2200, then i switched to state farm now i pay 208 for full cov and its for a full year. so my advice would be to check out state farm. by the way i have an 04 600rr. good luck

I have State Farm also, it is the cheapest I could find by a long shot. They also cover against accidental drops, or theft.

For me there are cheaper I am sure but it does depend on Age, Driving record, how long you have had you bike license, married, where in the country you live, and what policy you have with them. I am 29 , married, clean record, License for 12 years live in IL and pay just over 900.00 a year for full coverage on my 04 600RR. I use GEICO

wow gdharp600 im the same age have my bike license under a year and i have a clean record. i also ride a 04 600rr and my ins is only 208 full year and full cov. i live in pa, where you from

I am about 18 miles east of St louis MO. Being in the military and living on base may have something to do with it I hear they charge us more. Also have the same coverage as my car at 100,000/300,000 with a low deductible so its not the base policy I am from NY so the fear for being sued has always been with me. You sure that 208.00 is not per month?

well i had shelter ins on my 05 600rr. Made sure to get it pre-approved before i bought the bike because if not i was going to try for an f4i if they wouldn't cover it since my hole family goes through the same guy and we get a better deal. They said it was approved and they would cover me. Paid the insurance, bought the bike, have had it for a month. They just sent me a letter today saying at the end of the month my insurance is cancelled. So i called them up. The reason for the sudden change of mind. RR they said that they didn't know it stood for race ready and they don't cover race vehicles. I gave them the vin, make and model. You think they could have figured it out. Sounds like state farm is going to get some more bussiness. I can think of a good name for Crooks Insurance companies. Only thing where you can pay for 10 years and never need it. One accident and they raise your rates, because you are know an inscurance risk. guess there not human.

positive that 208 is the year i pay 42/mo for bike and car. it could be that its the armed forces, i have a friend based in virginia and he pays alot for his car. and in ny i dont blame you for worring about being sued.

Drksidr I am sorry I ever doubted you man. I just got back from state Farm with a new policy. I went from 920.00 a year to 320.00 a year with the same 100,000/300,000 coverage and a 250.00 deductible. Thanks for the secret. Also re financed my bike there Honda was charging me over 7% interest on my bike and State Farm dropped it to just over 5% interest so saves my about 1,000 over the course of the loan. I did find out why they do the rates like they do. GEICO, Progressive, and others rate your policy on the stats of the bike so say all those teens that go out and think they are pro stunt riders destroy there bikes and people like you and I have to pay for that. State Farm goes by you and you alone Age, Married, Riding exp, Claims Location. Not other riders. Anyway thanks again now I can afford some accessories when I get my GEICO refund.

Yeah the Ins. on bikes sure is high if your leasing your bike. I'm with Progressive and I pay about $350 a month and I'm 23.

I just bought a brand new 04 f4i and pay 29 bucks a month full coverage thru state farm.

how old are you?

yo get away from progressive and go to state farm and you will save a ton of money. progressive isnt a very good ins co. im an autobody tech and deal with ins all the time. progressive is at the bottom and state farm is the best. if something happen state farm will pay well.

glad to hear it gdharp and im glad to help. i would like to see some pics of the accesories you add from your savings. good luck

Howzit going... I am here near huntington beach cali, and AAA quoted me $1026 a year for full coverage. This is also my first bike.

My question is, i'm 19 years old, just bought a CBR 929 RR, no riding exp, and i'm trying to get insurance on it. Does anyone know how much its going to cost me if say.. I got to state farm? With also telling them that I havewent through the MSF course? (which I heard lowers insurance rate). Otherwise, could my dad go ahead and buy the insurance under his name and I use the bike....? WHat should I do.\?

State Farm could care less about the MSF course they charge you by you exp, Age, Time on bike, Claims in the past. At 19 and 1st bike I am not sure State Farm would even cover you and if they did you will pay a butt load. I had my 1st bike when I was 18 and the only people that would cover me was progressive and it was not cheap. Not sure if your dad paying and adding you as a 2nd rider would change the cost could try though. I feel ya man and I am sure everyone here has had there pockets emptied by a some company at some point in time but as long as your safe as time goes on your cost will go down. Sorry could not be help

I'm 25,in Florida,with a permit and have full coverage through Progressive on an 02' f4i,cost me $375 for a full year.I have had my car insured through them for 5 years with a good record so that probably helps also.

Update on good place for insuranc...

I was quoted $1026 for 1 year full.
I went in to register the bike with AAA, and it came out $481 a year for ful coverage.
this includes $100,000 per auto and $300,000 per accident.
I am 28 and this is my first bike.

quote:

ORIGINAL: drksidr

yo get away from progressive and go to state farm and you will save a ton of money. progressive isnt a very good ins co. im an autobody tech and deal with ins all the time. progressive is at the bottom and state farm is the best. if something happen state farm will pay well.

I agree...Progressive can kiss my ass. The people they have workin' for motorcycle claims don't know shit. One comment, insurance companies don't care how long you have been riding. Most of the time Sportbikes are more expensive because they are wrecked more often than any other type of bike. Its all based on actuary, the statistics of insurance. It also relies on your age, if you own a house, married, have kids, your driving record. I have State Farm right now. I was in shock when they told me how much money they could save me. State Farm likes to carry low risk riders/drivers.