eric wiseman
Registered
So I'm looking at the vin of a bike I'm interested in. I emailed my insurance chick about options. Here's what I get.......
"Motorcycle policies run for 1 year. You don't get an option of putting just storage coverage on the bike when you're not riding it. However, if you were to choose full coverage, we could always drop most of the coverage when you're not riding it. Note: You would never want to ride with just this coverage in place!!! ($357 per year)
If you're getting it financed, the financing company will require full coverage. This gets VERY expensive for a bike.
100/500 deductibles are $1,946/2,640 per year ($5,201.89 total annual premium). This does not include uninsured or underinsured motorist coverage (additional $600-700). The reason for the high additional premium for this coverage is because if you are hit by a car, the car owner's insurance will pay for your medical expenses. If they are not insured, you insurance company would then have to respond. Only $1,000 for medical is included in the above quote. Motorcycle insurance is not like car insurance and doesn't automatically give you unlimited medical coverage. If you want more, you have to pay extra. This is also expensive as injuries on motorcycles can be very severe. If you wanted to increase the medical benefit to $5,000, it would be an additional $56 to the above premium. You can get up to $120,000 in medical benefit.
If you wanted to increase the deductibles to 500/1000 = $1,591/1,853 per year. (Total premium ($4,059.89).
Now, if you just want "PLPD" (Liability only) with $1,000 Medical it gets cheaper - $615.89 per year.
FYI - these are the premiums if paid in full. It will go up some if you choose a pay plan.
This is through Progressive. You would get a multi-policy discount with them for having your Auto & Motorcyle through them. I have one other company that is sometimes competitive too that I can check with, if you really get serious. I figured this would at least get you started. Any questions, just let me know!"
So here's the question. How do I rig it to afford it? I'm 25 in sept which is usually a break. 4 points for a burnout (not reckless or careless) and a 5-10 over. With cycle endorsement.
What do you guys use?!?!?
"Motorcycle policies run for 1 year. You don't get an option of putting just storage coverage on the bike when you're not riding it. However, if you were to choose full coverage, we could always drop most of the coverage when you're not riding it. Note: You would never want to ride with just this coverage in place!!! ($357 per year)
If you're getting it financed, the financing company will require full coverage. This gets VERY expensive for a bike.
100/500 deductibles are $1,946/2,640 per year ($5,201.89 total annual premium). This does not include uninsured or underinsured motorist coverage (additional $600-700). The reason for the high additional premium for this coverage is because if you are hit by a car, the car owner's insurance will pay for your medical expenses. If they are not insured, you insurance company would then have to respond. Only $1,000 for medical is included in the above quote. Motorcycle insurance is not like car insurance and doesn't automatically give you unlimited medical coverage. If you want more, you have to pay extra. This is also expensive as injuries on motorcycles can be very severe. If you wanted to increase the medical benefit to $5,000, it would be an additional $56 to the above premium. You can get up to $120,000 in medical benefit.
If you wanted to increase the deductibles to 500/1000 = $1,591/1,853 per year. (Total premium ($4,059.89).
Now, if you just want "PLPD" (Liability only) with $1,000 Medical it gets cheaper - $615.89 per year.
FYI - these are the premiums if paid in full. It will go up some if you choose a pay plan.
This is through Progressive. You would get a multi-policy discount with them for having your Auto & Motorcyle through them. I have one other company that is sometimes competitive too that I can check with, if you really get serious. I figured this would at least get you started. Any questions, just let me know!"
So here's the question. How do I rig it to afford it? I'm 25 in sept which is usually a break. 4 points for a burnout (not reckless or careless) and a 5-10 over. With cycle endorsement.
What do you guys use?!?!?
) Best of luck but i think at your age it will be hard to get. Sorry
so I switched.
