waht are you guys paying for insurance and paying options
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Member
Joined: 08 Nov 2005
Posts: 42

Wed Nov 09, 2005 6:43 am quote
first of all, thank you so much for responding to my first post on the reliability of the Gt200. Im am definitly getting it!!!!! I was just wondering what you guys are paying for insurance? Also I just bought a house so alot of the little money I have will be going towards the house. I was thinking of buying it with my line of credit .. has anyone used this method of buying there scoot.

Espresso
Molto Verboso
2005 vespa px125 (sold) + 1998 Yamaha XJ600N
Joined: 07 Nov 2005
Posts: 1258
Location: Belgium
Wed Nov 09, 2005 7:16 am quote
I pay € 248 (legal insurance + theft), without the theft -part it would be € 150 for a vespa px125. In dollars that is 300 and 180. But you'r eprobably interested mor ein American quotes.
Addicted
Vespa GT & Vespa LX
Joined: 07 Nov 2005
Posts: 517
Location: Southend-on-Sea, UK
Wed Nov 09, 2005 2:28 pm quote
About £120 pa covers the GT & Hexagon on 1 policy...
Hooked
2008 mp3 500, 1960 Lambretta Li 150
Joined: 22 Oct 2005
Posts: 135
Location: san antonio texas
Wed Nov 09, 2005 3:46 pm quote
I pay 635 a yr for full coverage from Nationwide with one auto accident and one vehicle theft( Yes in Texas a theft counts aginst you) Without the theft and accident I was paying 245 for full coverage from Dariyland
Ossessionato
None! I sold it :(
Joined: 01 Nov 2005
Posts: 3247
Location: Burlington NC
Wed Nov 09, 2005 3:48 pm quote
Insurance Costs?
I went with Progressive. Got comprehensive full coverage for $274 a year. Not too bad really, Beale.
Enthusiast
2005 Steel Grey GT200L
Joined: 07 Nov 2005
Posts: 54
Location: Los Angeles, CA
Wed Nov 09, 2005 4:56 pm quote
I stuck with my auto insurance provider, USAA (available to military or family of military). I think the cost is actually between 250 and 300 dollars a year, but chack this out.... Because this is my 2nd vehicle, my car being the other, I get a multi vehicle discount which brings the price for full coverage w/ $250 deductable on the scoot to $36.00 more per year than I was paying on the car alone! I don't know if it's a California policy thing or what. My record is pretty clean so that may have helped. It sure made the decision to buy the scooter easier.
Ride Safe,
FireLeo
2005 GT200
Enthusiast
2005 Steel Grey GT200L
Joined: 07 Nov 2005
Posts: 54
Location: Los Angeles, CA
Wed Nov 09, 2005 5:14 pm quote
Way to pay
Another thing, about paying for the scooter... and if youre not rich...
If you have a low interest rate on your line of credit, then thats the way to go. To finance through the dealer is not wise as the rates are probably around 10 percent apr. My suggestion is this. If you have good credit, banks will offer you credit cards with very low aprs and some credit cards give you cash back 1% or so. And don't forget the balance transfer option. I bought my GT on one credit card with a 1% cashback. Then I transfered the balance to my other credit card to a fixed rate of 2.9% apr until the balance is payed off. I have no other balance on this card and there are no hidden fees or minimum usage fees or balance transfer fees. (Make sure you watch out for all those stipulations) It was basically like getting a 6500 loan for 2.9 percent with a $65 dollar bonus back in my pocket. You can not get that from a bank or a Vespa dealer. When I pay it off over the next 2 1/2 - 3 years I will have payed about $200-220 in interest. For that much time and that amount of money it's a no-brainer. Hope this helps.
Regards,
FireLeo
2005 GT200
Hooked
KYMCo Vitality 2004
Joined: 07 Nov 2005
Posts: 114
Location: Phx, AZ, UAS
Wed Nov 09, 2005 7:09 pm quote
Well, my American Family Insurance agent quoted me $142 for a year's basic coverage on a 50cc Kymco (generic coverage).

Hmmm, looking at this post, I forgot to mention that before I pick up the scoot I'm going to call Bikeline for a quote, anyone familiar with them? Their online system wouldn't do a generic scooter quote (by engine size) and Kymco wasn't in their manufacturers list, so gotta do it the old fashioned way.

Last edited by Javarod on Sun Nov 13, 2005 10:46 am; edited 1 time in total
Ossessionato
Several - see sig
Joined: 17 Oct 2005
Posts: 3030
Location: Avon, Ohio (25 miles west of Cleveland)
Wed Nov 09, 2005 8:08 pm quote
I added mine to my State Farm policy. They already have my house, life, and four cars insured. The LX was $142/year full coverage 100/300/100 with $100 deductible. Surprisingly, adding the same coverage for the Honda Metropolitan at 1/3 displacement and half the cost was $130/year.

That's for a 52 and 50 year old with no insurance claims/tickets, in the far outskirts of Cleveland.
Hooked
2005 Vespa GT200
Joined: 24 Oct 2005
Posts: 153

Wed Nov 09, 2005 8:16 pm quote
I pay $150/yr to Progressive for insurance on my 2005 GT200.
Ossessionato
I have a few scooters....
Joined: 08 Nov 2005
Posts: 2201
Location: San Antonio, TX
Wed Nov 09, 2005 8:24 pm quote
It's probably going to vary according to your age and location. I have Progressive for my 4 scoots. It includes replacement value coverage on my 3 vintage scoots. $524 per year.
Member
LX150
Joined: 28 Oct 2005
Posts: 8
Location: Cambridge, MA
Wed Nov 09, 2005 8:32 pm quote
I have commerce insurance in massachusetts, I for full coverage (collision, theft, vandalism) - I think it's about $300/year on my LX150.
Hooked
Black '06 Piaggio BV500; Black '05 Vespa GT200 (sold)
Joined: 21 Oct 2005
Posts: 350
Location: Flushing, NY
Thu Nov 10, 2005 5:47 am quote
I'm a 34-year-old rider with a clean driving record who's taken the MSF course and ride a new Vespa GT200 in New York City as my daily commuter (weather permitting) from Queens to Manhattan (about 11 miles each way). I garage my Vespa when at home.

I'm insured with Progressive, with full coverage: comprehensive, collision, and something called "pedestrian" PI protection that they push for city riders, and I decided to take on. (FWIW, GEICO quoted me over $1000 for the same coverage, and that was including the umbrella discount since they already insure my two cars!)

My Progressive policy breaks down like this:

Total Annual Policy Cost: $516

BODILY INJURY & PROPERTY DAMAGE LIABILITY - $72.00
BI $100,000 EACH PERSON - $300,000 EACH ACCIDENT
(INCLUDING SUPPLEMENTAL SPOUSAL LIABILITY COVERAGE AND PASSENGER COVG. )


PROPERTY DAMAGE LIABILITY - $50,000 EACH ACCIDENT - $26.00
WRONGFUL DEATH COVERAGE INCLUDED
$50,000 EACH PERSON/$100,000 EACH ACC.


MANDATORY UNINSURED MOTORIST - $29.00
$25,000 EACH PERSON - $50,000 EACH ACCIDENT

SUPPLEMENTARY UNINSURED/UNDERINSURED MOTORIST - $16.00
$25,000 EACH PERSON - $50,000 EACH ACCIDENT

PEDESTRIAN PERSONAL INJURY PROTECTION - $3.00
$50,000 LIMIT - NO DEDUCTIBLE
AGGREGATE PEDESTRIAN NO-FAULT BENEFITS
$50,000 LIMIT


COMPREHENSIVE $500 DEDUCTIBLE - $312.00
COLLISION $500 DEDUCTIBLE - $61.00
CUSTOM PARTS & EQUIP $1,000 OR ACV $100 DED - FREE


As you can see most of it comes from the non-required collision and comprehensive coverage, which is only to be expected in NYC I suppose.
Ossessionato
I have a few scooters....
Joined: 08 Nov 2005
Posts: 2201
Location: San Antonio, TX
Thu Nov 10, 2005 10:09 am quote
NYC prices can be steep. I remember my car insurance getting cut in half when I moved out of Brooklyn to Long Island.
Modratrice
2005 Cobalt Blue ET4
Joined: 13 Nov 2005
Posts: 6952
Location: Portland, OR
Sun Nov 13, 2005 2:30 am quote
robardin wrote:
(FWIW, GEICO quoted me over $1000 for the same coverage, and that was including the umbrella discount since they already insure my two cars!)
I initially went w Geico on the advice from someone at the Vespa dealership-- turns out they were way more expensive than Farmers, which carriers my car & home insurance.

For full coverage on my new ET4, garaged, in urban Portland Farmers charges $182/yr.
Hooked
Joined: 11 Nov 2005
Posts: 447

Sun Nov 13, 2005 7:18 pm quote
I pay $114 per year for full coverage ($250 deductible) through State Farm. 42 yo unmarried male no accidents or claims. I have a car policy and homeowners policy with them as well, so there are those discounts included. Bike is a 2004 GT200 and near downtown Denver. I ride year 'round so it's a full 12 month policy, not the kind which suspends during the winter months.

Liability 50,000/100,000
Prop damage 50,000
250 deductible comp
250 deductible collision
Uninsured vehicle 50,000/100,000
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