decent motorcycle insurance prices


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Cindy
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Location: Harrisonburg, Virginia
Motorcycle: 1985 GL1200 Aspencade
1995 GL1500 SE

decent motorcycle insurance prices

Postby Cindy » Mon Mar 23, 2015 2:53 pm



Looking for better motorcycle insurance. Looking at previous threads it looks like Canada riders get the shaft.

The insurance companies keep asking if my bike has been modified. It's a Goldwing 1995 SE trike. I can't tell from the title--it just says motorcycle. Do titles actually have the word TRIKE on them? I am from VA

If my bike has been modified-should it be correctly listed as a frame modification?

Thanks

Cindy



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littlebeaver
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Re: decent motorcycle insurance prices

Postby littlebeaver » Mon Mar 23, 2015 4:46 pm

I think I pay around $100.00 a year for my 81 through geico... :D

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Fatwing Chris
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Re: decent motorcycle insurance prices

Postby Fatwing Chris » Mon Mar 23, 2015 5:37 pm

Can't help you with specifics being from Canada,but one thing I do know is that you need to be completely honest with them about the bike.Your bike has been modified obviously or it would still have 2 wheels and they usually want to know about any add-ons.They don't need any more excuses to deny a claim when the time comes.Better to pay the extra now and make sure you're covered.
If I'da known it would last this long,I'da taken better care of it.
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roadwanderer2
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Re: decent motorcycle insurance prices

Postby roadwanderer2 » Mon Mar 23, 2015 6:05 pm

littlebeaver wrote:I think I pay around $100.00 a year for my 81 through geico... :D


mine is only $68,00 a year and that's full coverage with upgraded bodily and personal injury thru state farm :mrgreen:.

stuart.

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littlebeaver
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Re: decent motorcycle insurance prices

Postby littlebeaver » Mon Mar 23, 2015 7:35 pm

I'm not 100 years old ...LOL :lol: Are you stalking me Stuart....???? :lol: :lol: Cindy,, I'd call around, I kind like that progressive girl flo... :D I'm sure the price it's base on many things....age experience, size of bike, age of bike...ect.

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Happytrails
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Re: decent motorcycle insurance prices

Postby Happytrails » Mon Mar 23, 2015 7:39 pm

$261 thru State Farm full coverage.
1991 GL1500 SE Anniversary Edition
Sun Flare Gold Metallic
Vallant Brown Inset

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roadwanderer2
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Re: decent motorcycle insurance prices

Postby roadwanderer2 » Mon Mar 23, 2015 8:05 pm

littlebeaver wrote:I'm not 100 years old ...LOL :lol: Are you stalking me Stuart....???? :lol: :lol: Cindy,, I'd call around, I kind like that progressive girl flo... :D I'm sure the price it's base on many things....age experience, size of bike, age of bike...ect.


hey, im not a100 years old either, but im workin on it :D.

stuart.

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roadwanderer2
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Motorcycle: 83 GL1100A aspencade, previously owned, 1981 honda GL500i silverwing interstate, 1974 yamaha xs400, 1974 Honda cb450 twin cam, 1983 honda vt30, 1982 honda 700 shadow, 1972 cb750four, and my first bike, a brand new 1982 honda CM400e. and a new to me 1986 GL1200 aspencade SEi
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Re: decent motorcycle insurance prices

Postby roadwanderer2 » Mon Mar 23, 2015 8:06 pm

Happytrails wrote:$261 thru State Farm full coverage.


wow, that's a lot. maybe because your bike is a lot newer than mine is? and ours is so low because my wife has her car insurance also with state farm, so we get a 2 vehicle discount.

stuart.
Last edited by roadwanderer2 on Mon Mar 23, 2015 8:20 pm, edited 1 time in total.

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ka4yqi
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Re: decent motorcycle insurance prices

Postby ka4yqi » Mon Mar 23, 2015 8:16 pm

Not trying to be smart, but if it came as a 2 wheel motorcycle and be converted to a trike, it been modified to a trike. I am guessing that you tell them it a trike.

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roadwanderer2
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Re: decent motorcycle insurance prices

Postby roadwanderer2 » Mon Mar 23, 2015 8:25 pm

ka4yqi wrote:Not trying to be smart, but if it came as a 2 wheel motorcycle and be converted to a trike, it been modified to a trike. I am guessing that you tell them it a trike.


your not trying to be smart, all comments and thoughts are welcome in here, but its worth checking into, in fact, im going to call my local division of motor vehicles and ask them about it. im sure it would cost more to add it as a converted motorcycle in ones insurance policy but im not sure about what it would be listed as on a certificate of ownership.

stuart.

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smilam
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Re: decent motorcycle insurance prices

Postby smilam » Mon Mar 23, 2015 9:13 pm

My title list my trike as a motorcycle and doesn't mention that it is triked. As far as insurance goes it is considered a motorcycle and the trike kit is an accessory. I made sure that the accessory limits of my insurance coverage was enough to cover my trike kit plus the other accessories that I had added. It was a minimal cost to increase the accessory coverage over the standard coverage amount.
I talked to my insurance agent and gave him the year and model of my bike plus the cost of my trike kit with the options that I bought with it, plus a list with pricing of the other additions that I had added to the bike. He took that list to the adjuster plus the adjusters boss to make sure I was covered for what it would cost me to replace my trike plus accessories.
I tried to make sure I covered all the bases so that if anything happens there shouldn't be any surprises.

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redial
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Re: decent motorcycle insurance prices

Postby redial » Mon Mar 23, 2015 10:08 pm

It also depends on what State you live in, and the postcode of where you live in that State. Just because you are approaching 100 years old, would probably bump your premiums :roll: There are instances of where the same bike, same type of rider (no previous convictions for traffic offences), and same age, have produced an entirely different price from the same company, because they were located in different States.
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Happytrails
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Re: decent motorcycle insurance prices

Postby Happytrails » Mon Mar 23, 2015 10:11 pm

roadwanderer2 wrote:
Happytrails wrote:$261 thru State Farm full coverage.


wow, that's a lot. maybe because your bike is a lot newer than mine is? and ours is so low because my wife has her car insurance also with state farm, so we get a 2 vehicle discount.

stuart.


I thought the same thing when they told me that price. They told me that they used the same coverages and deductables that were on my truck. But there are a couple things I wanted to tweak like dropping roadside assistance (I have GoodSam) and upping the medical coverage to $10k (I think its $5k now). I'm a little ways outside of the city but maybe they still consider me a suburbanite? :D :D
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Harp
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Re: decent motorcycle insurance prices

Postby Harp » Mon Mar 23, 2015 10:28 pm

I'm in Ohio. My premium thru State Farm for liability coverage on the 85 Wing was $121/yr. The 2014 Wing has full coverage and its insurance is more annually than my Honda Crosstour. If I went with liability only, it would be about $140. My friend that has a Yamaha 1100 crotch rocket is $1200/year for liability only. He was told that high rate was due to the style of the bike.
I shopped around for rates and different coverages plus an umbrella policy. Location, style & size of bike, modification and additional safety features are all considered when obtaining an insurance quote from an underwriter. Fortunately, it appears that Wingers have better driving records that many other riders. State Farm, Progressive and Westfield had the best rates when I was shopping. As mentioned before, it is best to be completely truthful about what is being insured. Insurance companies are notorious for trying anything to weasel out of paying a claim - whether it is an honest mistake, confusion or trying to pull one over on them. I do believe that State Farm inspected my Virago and 85 Wing prior to binding my insurance. I also receive a small discount for taking the MSC to obtain my license. Good Luck! 8-)

harvey01
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Re: decent motorcycle insurance prices

Postby harvey01 » Tue Mar 24, 2015 11:05 am

Cindy,

yes you want to be sure that you tell the insurance company the truth about what you are insuring and any thing unique. Failure to disclose info can be grounds for claim denial, and policy cancellation. And when you talk with these folks you want your existing paperwork present so you can talk about the types of coverage you want and the levels of coverage you want to include any deductible. Usually the higher deductible you are willing to accept yields the ability to buy more insurance.

As far as comparing rates, this is almost impossible unless it is you neighbor and the same vehicle with exactly the same coverage. Rates are set by location, claims in a given area, your driving record, perhaps your credit rating, and other factors the company deems appropriate--like do they insure your other vehicles and home or rental stuff.

Frankly I have been with the same company for 40 plus years but they insure everything as well as offer other services I like. That company is USAA, and you have to have a military connection to get insurance there. There are many other companies to include Progressive, Geico, Dairyland, Allstate, Nationwide, Markel, Liberty Mutual, State Farm, Farmers, Safeco, Rider, Foremost, and so on. A company advertised in VA is Elephant but I don't know if they do motorcycles.

If I were you I would call all of them and make a spreadsheet and see which one has the best prices. Then I would do a little research and see how the companies are rated regarding customer service, paying claims and overall.
harvey
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Earl43P
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Re: decent motorcycle insurance prices

Postby Earl43P » Tue Mar 24, 2015 12:40 pm

^ It's funny you mention USAA.
I was at my Brother's In Spotsylvania Sunday and we talked Bike Insurance briefly since he just changed companies.

All of his vehicles are with USAA EXCEPT that GL1800 he rides. USAA sub-insured that to GUESS WHO....Progressive.
His paperwork has both companies, letterhead from USAA Billing, but it's a Progressive Policy.

I won't do business with Progressive since the time they raised my rates for simply walking into their Claim Center and inquiring whether I had windshield coverage. (I had moved to NC from FL in 2003 where glass was mandatory and cheap, in every policy, by law) That SOB processed a ZERO DOLLAR CLAIM that haunts me to this day. THAT'S PROGRESSIVE.

I spoke to 2 Supervisors after I got that renewal bill SURPRISE - RATE INCREASE FOR A ZERO DOLLAR CLAIM, trying to get the decent rate back. No joy, so they lost me as a customer forever.

I make sure to tell EVERYBODY that fact when the subject comes up (plus I don't agree with the owner's politics, again PROGRESSIVE).
When all else fails, RTFM!

99 Valkyrie Interstate
82 GL1100 nekkid-ish
93 GL1500 Next!

harvey01
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Re: decent motorcycle insurance prices

Postby harvey01 » Tue Mar 24, 2015 3:58 pm

Earl43P,

I understand your frustration with Progressive. I have heard good and bad stories. I am fearful that USAA may make me do the switch if I get another bike, I have three now insured by USAA. I understand that I am in a grandfathered situation right now but that may change if I trade something. I have not made a change in motorcycles since 2005 when I added my wife's 04 VTX.

And I have got the itch to get a new bike, just cannot decide what I want or what type I want.
harvey
Ride Safe and Ride Often

Cindy
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Location: Harrisonburg, Virginia
Motorcycle: 1985 GL1200 Aspencade
1995 GL1500 SE

Re: decent motorcycle insurance prices

Postby Cindy » Thu Mar 26, 2015 9:10 am

Oh wow! Such good responses-you all have given me alot of info!!! I am checking out several companies that were mentioned in an earlier post. I am getting several quotes so I can make an informed decision. The regular insurance guy (for our business is rather miffed with me) because he thinks well......that's another story.

Ok, something else I am looking at. What limits is everybody carrying? I read some carry liability only--others carry liability and comprehensive. I understand the comprehensive for newer bikes and for add-ons. The reason I ask, I have worked cycle crashes as volunteer EMS and the folks on the bike are usually the losers and I do mean they lose big.

What do other folks carry?

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Harp
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Re: decent motorcycle insurance prices

Postby Harp » Thu Mar 26, 2015 9:30 am

I have comprehensive as the Wing is new. Property damage is 250K and Bodily injury is 500K with a 3million umbrella. The umbrella policy doesn't just cover the bike. It is for personal liability and also covers certain professional actions. The umbrella is very inexpensive and also used as a deterrent to those who like to live off of lawsuits as the umbrella policy won't usually settle. They will provide the attorney and fight all the way and ambulance chasers know this.

harvey01
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Re: decent motorcycle insurance prices

Postby harvey01 » Thu Mar 26, 2015 10:54 am

Although our selected limits are slightly different, I definitely think Harp is on the right path and is protecting himself. He and I probably pay more than others with lower limits but when you look at actual medical costs today, it is cheaper to be well covered. Unless you have nothing in the way of assets.
harvey
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Harp
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Re: decent motorcycle insurance prices

Postby Harp » Thu Mar 26, 2015 11:27 am

Harvey01 - Exactly! If you injure someone in a crash, the average cost of an ICU bed is about 18K/day plus tests, bloodwork, physician visits & referrals. Then we move on to rehab. The injured party's health insurance won't pay a dime if there is other insurance/party held liable. It sucks growing old & being poor in America......

Cindy
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1995 GL1500 SE

Re: decent motorcycle insurance prices

Postby Cindy » Thu Mar 26, 2015 5:46 pm

Harp

After reading your post-interesting about the umbrella policy. I think I will need to look into that too. Thanks!

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Happytrails
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Re: decent motorcycle insurance prices

Postby Happytrails » Thu Mar 26, 2015 8:23 pm

Cindy wrote:What limits is everybody carrying?
It should be the same as my truck with I believe is $100k vehicle/$100k property dmg with $250 deductables for collision and comprehensive. $5k medical which I want to raise to $10k (think this is the highest I can get).

Also if you've been adding accessories to your bike keeping a tidy record will help greatly if you need to deal with either your own or someobody elses insurance adjustors. Also if such an event happens you might need to produce comparibles if your bike is adjusted low. It can happen so dont just accept the first settlement offered by somebody elses insurance company. Check book value and if you have to find comparible bikes on the internet (on the high side as to favor yourself).
1991 GL1500 SE Anniversary Edition
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Vallant Brown Inset

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Mag
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Re: decent motorcycle insurance prices

Postby Mag » Fri Mar 27, 2015 10:32 pm

(hides my head under my hoodie) I have Progressive with a liability policy on my 88 1500.......$150 with good driving record....12 months. I never had to use my insurance (knock knock knock) but they like my $$ ;) I also have cars with Progressive and I always find lowest $ between them and Esurance.

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bstig60
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Re: decent motorcycle insurance prices

Postby bstig60 » Sat Mar 28, 2015 12:41 am

I dropped Progressive a couple of years ago when they nearly doubled their rates for Motorcycles in California. I have my insurance with Allstate who also has my cars and my home insurance. I have full coverage on all 3 bikes. Surprisingly, my Virago is more expensive than my GW. The umbrella is a good idea. I need to add my trailer onto my policy before my upcoming trip around the country. I will ask about it then.


Bill


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