Modern Vespa

I'm currently paying 650/year for full covered with BV500. Allstate insurance company. If I go with liability, it drop top 180/year. I wish I live in warm weather states like TX or CA, so I can drive all year round.

$122/year for scooters and $350-$450/year for motorcycles. That's per bike with full coverage and $100 deductibles. That's with AAA. 5 vehicles insured, and no multi-vehicle discount because only cars count for that.

$245/year full coverage. State Farm. Multi-vehicle discount however.

$255 per year with Progressive for 3 bikes. (2 scooters and 1 motorcycle)

Quoting the premium price can be misleading. The amounts of liability and deductible can heavily influence the cost of insurance. So can your credit rating, age and marital status.

It's look like I got an over price quote. BV500 liability for 185/year, 667/year full cover.

I used to have insurance for a CBR F4i for a much cheaper price. 110/year liability, 325 full cover for a Sport bike that I can get up to 155 mph.

Now I got the BV500, and it get more expensive for insurance? I haven't got any ticket for the last 10 years, no claim, nothing. This is ridiculous. Why? The same sucky Allstate quote me.

I'm checking with other insurance now, and hopefully I get a better deal.

What are you comparing for liability coverage? That can make a big difference in the premium, as can the deductible.

Here is how it break down.
Premiums full cover.

AA bodyly infury Ea per 25,000
Ea Acc 50,000

Collision Deductible $500
Optional equipment deductible $1000.

667/year. Insane, isn't it?

It's look like I call a quit to this Allstate agent.

I'm not comparing liability to full cover, I'm comparing insurance for my CBR last year and BV500 now. Why is it much more expensive now for a scooter versus a real sporty bike?
It just doesn't make sense.

If you have the same agent, ask him why the difference.

credit: 98th percentile
$100 deductible
multi-line discount
$128/year full coverage (if someone breathes on it hard enough to cause more than $100 damage, it's taken care of)
Farmers.

WOW, I want that. Who is your agent?

I'm having a perfect driving record. I should shoot for that price.

Thanks

$100 deductible for what? How much coverage?

Here is my exact policy on my 2007 Vespa LX150:
..................................................................................................................
Liability To Others.............................................................................$45
Bodily Injury Liability $50,000 each person/$100,000 each accident
Property Damage Liability $25,000 each accident
...................................................................................................................
Uninsured Motorist $50,000 each person/..............................$55
$100,000 each accident
...................................................................................................................
Comprehensive....................$250 deductible......................................$32
...................................................................................................................
Collision...............................$250 deductible.....................................$74
...................................................................................................................
Custom Parts or Equipment.....$1,000 included with
Comprehensive or Collision
..................................................................................................................

Total 12 Month Policy Premium.........................................................$206
Discounts.............................. multi-policy, paid in full, safe driver 3 years

I don't care what you pay but PLEASE bump your coverage up to 100/300/100 and add the same amount for uninsured/underinsured motorist protection.

If you get creamed, 10,000 is not nearly enough to cover the bills you are going to have.

$10,000?

A Swedish perspective;

I pay around $120 per year for my ET4.
It covers theft, fire, glass and accident. It also covers any damage I cause on other peoples property.

And we have free health care in Sweden...

Again, posting the premium cost for insurance says nothing. It is how MUCH coverage you have and what type it is for that money. All coverage has a limit, depending on how much you want to pay for.

Alright, I got a quote from American Ins. 280/year full cover 100/300/100. Cool, I go for that. multi veh discount will be 253/year full cover with my cbr f4i for 225/year full cover too. both bike insured still come out with less than the BV500 from allstate.

Wierd thing is they don't combine car with bike, but that's still cool. If I keep checking, I will save more, but who is the best out there?

I heard AAA is very good, next is state farm, then American family, then allstate, how the geico, progressive, Farmer.... doing? Cheap price may not be good, til you need to claim. Anyone have a reference?

There is also a difference depending where you live. Not all states/cities are rated the same and some are higher risk for collision and theft. Also, credit ratings affect the rates so it isn't really possible to say who is cheapest under all circumstances.

$10,000 won't buy you two days in an intensive care unit.

I was questioning where Goofy_Foot came up with that number.

Alright Nightwing, point taken. Here's from my policy:

Bodily injury, 250k ea person, 500k per occurrence, 100k property, $51.20
Uninsured motorist, 250/500k, $22.30
Comp deductible $100, $11.70
Collision deductible $100, $15.50
Other premium $28.60 (don't know what this is for)
Pleasure use, less than 5000 miles per year, under age 50
Total premium: $129.30
*No medical coverage - I have great insurance through work, as does my wife who is my only occasional passenger.

Did I leave anything out?

i have USAA with al the above plus medical coverage.

through progresive drive in los angeles.

318 a year.


my agent told me that it will go down drastically after my first year of "actually having a license"

which just started. oops

Hi,

Having a discussion of Ins. Rates for anything other than seeing what others are paying is pretty senseless. You will undoubtedly find that if you went with that company, your rates would differ.

This is because the rates are influenced by your age, driving record, credit record, zip code, marital status, distance to your employer and perhaps most importantly what state you're in and that State's ins. regulations.

Even the company you choose as they all use different actuarial tables, which in most States are submitted to the Attorney General, State Insurance Commisioner, or such and approved. Once approved, the rates are essentially fixed and any change would usually involve a re-submission to the State entity (and is also why ins. cos. cannot match rates, they have to use their own tables and formulas). One might think that all such tables would be essentially the same, but they're not. Factors such as claims history, how much potential liability that company is carrying in that State right now (how much ins. they've written), etc. all play a role in determining the rates they charge.

For example, when I lived in Chicago, my address was right on the border between two different rate zones (basically Zip codes). Fortunately I was in the better zone because a neighbor, across the street (but in a different Zip code), with practically the same demographic as me, was paying a premium a couple hundred $ higher, from the same ins. co. for a policy with like coverage and deductable, insuring an auto which was identical to mine. A couple years later, he moved into the same zone as I and our ins. premiums were within $5 of one another...

Happy Motoring!... Jim

I said $10,000 because that's the coverage you get on you and your bike per accident if you go with 10/30/10. That's why I was saying go with 100/300/100.

And I agree, $10,000 goes awful quick with any kind of intensive care, life flight, or major head injury.

I pay $436 annually for the 07' GTS and $576 for the 06' Yamaha FJR. The sad part is the 07' BMW 335i Coupe is only $918 a year. It seems high for the bikes and low for the cars given I have 100/300/50 with full coverage through AAA Insurance. The deductable are all $100.

The premium for coverage on my GTS is about 165 bucks a year. Limited TORT( I can only sue for costs and expenses, not pain and suffering) , 100/500/100 amounts. I get the same coverage as is on my automobiles EXCEPT there is no medical coverage on me. As I understand things this is standard practice for motorcycle insurance? No medical coverage from the insurance company for injuries to me. If I am not at fault I could sue the other person for these expenses. And my regular health insurance would kick in as well.

I checked with Progressive and one other company and they said the same thing.

Is this the case with everyone else?

I read my policy yesterday and posted it, word for word on here. At that time I realized that it said "Medical Payments to Others." I thought, WTF? How about me? I called my agent and she confirmed that MPTO covered others including any passenger I might have, but it didn't cover me. I said, hell, that is one reason I bought insurance was to cover MY ass if I took a dump and ended up in the hospital. She said it was standard practice, but I COULD be added for a(n)(large) increase in premium. She was going to contact the company and get back to me.

If it wasn't for this thread, I would never have given it a thought.

Samething here, you better check with your motorcycle insurance, because they don't cover the medical expense. You may be asked to sign a medical rejection form, that mean they do not cover your medical expense, but would pay for whoever riding with you as passenger, which is suck.

My insurance was fairly expensive via Progressive, but it was still the cheapest I could find shopping around. I have pretty heavy coverage, but even with the high values, the insurance is way cheaper than auto insurance.
I'm paying $358/year for my 2007 GTS. Coverage is 100/300/50 for Injury and Property, 100/300 for Uninsured injury, 50 for property, 10 medical per person. Deductibles are 100 Comp, 250 Collision.

20$ a month full coverage, uninsured & underinsured motorist, with roadside assistance.

$20 per month for "Full Coverage" means nothing. What are the limits of each section of the policy?

As previously mentioned, I discovered (because of this thread) that I did not have personal medical coverage on my scooter insurance policy. I inquired about it and my agent said that motorcycle insurance policies are normally not written with medical insurance for the driver. Drop your passenger on the road? No problem. Covered. Hit a kid on a bike? No problem. Covered. Fall off your own scooter and crack your head open? So sad, too bad.

However, it WAS AVAILABLE as an add on. here is what I was quoted:

You can add medical payment coverage to your Motorcycle policy, which would cover your bodily injury in the event of an accident. Coverage for $25,000 would cost $301.00, $10,000 would cost $177.00, and $5,000 would be $92.00 annually.

Wow, $25,000 medical coverage for me costs more than the entire policy I now have. I will have to give this some thought.

To all those who are presently insured, I suggest you check your policies and read every line. If you think you are covered for injury to yourself, you might be in for a surprise.

Bumping an old thread - is this the common case? I'm in the US and have good health insurance, and am negotiating my scooter insurance - the personal injury insurance part of the policy is 2x the rest of the cost. I could easily see going without, especially if stock medical insurance will cover this stuff.

I pay about £130 pounds pa.

134.00 for full covarge and 50/100/50 with 200.00 deductable

I pay $185.00 per year through State Farm.

Looking at the postings above I will need to make a few inquiries on my policy to make sure I am covered by those limits along with the passenger.

Good discussion!

Yeah, I actually only bumped this thread because it was the only one that contained anything in it about personal injury. I got quoted (for low deductible - high limit) insurance at $600 a year, but the PIP (personal injury protection) is another $600 on top of that. I've got it for now, since it's better to be overinsured than underinsured for a few weeks at least, but I need to find out what the standard practice is.

This is pretty reasonable, all things considered. I mean, yeah, I'm in my mid-30s. But I've never driven a motorcycle before. I'm probably statistically very likely to hurt myself at least a little bit. Of course, what the insurance company doesn't know is that I'm a conservative rider and take as few risks as possible. I'm sure tons of new MC riders hop on, zip off, and wipe out. But no matter how careful I am, you can't ignore the fact that I've got far less experience than other riders, so it should cost more to insure me.

Nearly none of the itemized lists in this thread include PIP coverage - it's only just personal injury liability (e.g., you hit someone else). If someone hits you, their own personal injury liability would cover it, but if you just hit a hole and fall off, it doesn't seem like most policies cover that.

671.00/year for the LX150 in Toronto. Full coverage and AAA coverage as well.

$250.00 per scooter in Tortola. Not covered for squat other than third party liability. I am trying to get the insurance offerings/coverage changed by starting a mandatory scooter school.

Here's mine,

BODILY INJURY & PROPERTY DAMAGE LIABILITY $53.00
$500,000 SINGLE LIABILITY LIMIT

SINGLE UNINSURED MOTORISTS LIMIT $181.00
$500,000 EACH ACCIDENT

OTHER THAN COLLISION $100 DEDUCTIBLE $26.00

COLLISION $250 DEDUCTIBLE $122.00

Premium by Vehicle $382.00
Total Policy Premium $382.00


Anyone owning a house or has any money, really needs this kind of coverage as a start, then a few million in an Umbrella Policy everyone with any amount of assets should have.

Wayne B

$300 per year full coverage with AllStates..Oklahoma GTS 250 $150 deduct.