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post #1 of 52 (permalink) Old Jul 6th, 2006, 2:04 pm Thread Starter
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Location: New York City, NY, USA
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Insurance

Let me start out by saying that I am in total shock. I currently have have 2 Ducatis (750 & 748) insured thru Progressive, full coverage, low deductible...total premium for both bikes= $847.00
I called Progressive to add the '02 K1200RS... Full coverage is $2033!!! (BMW alone)
WTF??? I am 40 years old, married w/ 2 kids, clean record, clean credit, (live in NYC)...I called a few other companies and had similar qoutes.
I understand that the CC is what sets the price but I was floored.
Is this what others are paying as well????

Jack
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post #2 of 52 (permalink) Old Jul 6th, 2006, 5:07 pm
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Except for the kids I'm in the same demographic and I also have Progressive.

My wife and I have two K1200S', a Kawasaki ZRX1200 and a Triumph Sprint ST (955cc). We have full coverage on all but the Kawi and rather high deductibles ($5000... by choice).

We pay about $1260 per year total (4 bikes).

His and Hers K1200S'
His: <strike>'05 Indigo Blue</strike>
Hers: '06 Granite Gray
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post #3 of 52 (permalink) Old Jul 6th, 2006, 5:33 pm
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98 RS here, 49, non smoker, single male, 500 deduct, under 500 thru Progressive.
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post #4 of 52 (permalink) Old Jul 6th, 2006, 5:54 pm
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Geico Motorcycle Ins

'02 K1200RS, 48 years old, Full coverage, $500 deductable, CALIFORNIA (!),
Geico - under $700 a year

Good luck...

"Lord, Be Kind to Me....the Sea is
So Big, and My Boat is SO Small"

2002 K12RS
Dave
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post #5 of 52 (permalink) Old Jul 6th, 2006, 7:27 pm
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Unhappy

'04 K1200GT full coverage, '76 R/75/6 liability and comp, '03 Honda Reflex liability and comp. $400.00 per year. 2 riders both over 45. Don't know what is going on but I am hearing scary numbers. All with Progressive. I really don't like Progressive.

Wow I didn't know BMW made motorcycles, Yeah I think Honda does too.
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post #6 of 52 (permalink) Old Jul 6th, 2006, 8:15 pm
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What's up with Progressive?....I am 52 years old, spotless record, zero claims over 14 years stretching back to an old k75, California driver blah, blah, blah.

I had a 96 k1100 at Progressive for +/- $400. Looked into the 1200S and the insurance cost was a dealbreaker (Over $2,000 at Progressive!, lowest was $1600 thru others...still too high)
Bought one of the last 2004 k1200GTs. Progressive was still over $1400. Finally went with Markel/Bike-line @ $700.

...Insurance rates make no sense to me...I believe it's part science, part whim, part voodoo
<shrug>

russell

"In the land of the blind, the one-eyed man is king."
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post #7 of 52 (permalink) Old Jul 6th, 2006, 8:18 pm
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Jack
Your Zip Code is most of the problem.

Bruce C

Bruce C
'04 K1200RS Capri Blue(totaled)
2008 Triumph Sprint ST
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post #8 of 52 (permalink) Old Jul 6th, 2006, 8:37 pm Thread Starter
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Unhappy better news

So, I called them back and started breaking everything down by premium, by bike, by deductible, etc...anyway they fiddled with the numbers, brought up different discounts, got badgered by me for a while and brought the qoute down to approx $1400...a big difference from $2033. Still a big nut but just goes to show that it pays to haggle. I just feel sorry for the thousands of people that just roll over and pay.

I do agree that my zip code has a lot to do with it. Comp & collision are the most expensive and Progressive doesn't give you a choice of 1 or the other. I personally don't want theft (I never leave it unattended in Manhattan) but want collision just in case...the cab drivers are brutal.

It's also CC in their opinion. I explained "for god's sake...this bike has luggage", it's meant for touring...My Ducatis are both red...everyone knows that red bikes are the fastest and most desirable to thieves....they giigled but didn't agree. : )

Anyway...I'm pulling the comp & collsion on the BMW and the older Duc...I'm down to approx $700 for all 3 bikes.
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post #9 of 52 (permalink) Old Jul 6th, 2006, 9:54 pm
 
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Quote:
Originally Posted by JacK12rs
So, I called them back and started breaking everything down by premium, by bike, by deductible, etc...anyway they fiddled with the numbers, brought up different discounts, got badgered by me for a while and brought the qoute down to approx $1400...a big difference from $2033. Still a big nut but just goes to show that it pays to haggle. I just feel sorry for the thousands of people that just roll over and pay.

I do agree that my zip code has a lot to do with it. Comp & collision are the most expensive and Progressive doesn't give you a choice of 1 or the other. I personally don't want theft (I never leave it unattended in Manhattan) but want collision just in case...the cab drivers are brutal.

It's also CC in their opinion. I explained "for god's sake...this bike has luggage", it's meant for touring...My Ducatis are both red...everyone knows that red bikes are the fastest and most desirable to thieves....they giigled but didn't agree. : )

Anyway...I'm pulling the comp & collsion on the BMW and the older Duc...I'm down to approx $700 for all 3 bikes.

It's cheaper for ya to buy a home upstate. I never got a quote @ 10024, but upstate (76 miles north of the city)I pay $380. Moving all my coverages to Allstate and they quoted me $367 with 250/500 plus all the bells and whistles. $500 ded upon my next renewal.
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post #10 of 52 (permalink) Old Jul 6th, 2006, 10:20 pm
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My insurance outfit bills me every six months, and to add the Beast on was another $225 on top of the $135 I already pay. Not too shabby. Of course, I got lucky - my bikes are insured through Allstate, and I was able to get in just before they slammed the door shut on writing any new motorcycle policies.

Black 2002 K1200RS - "The Beast" (over 100k miles)
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