OP
@mayorofnow avatar
UTC

Molto Verboso
2020 GTS 300 HPE
Joined: UTC
Posts: 1350
Location: 🤷‍♂️
 
Molto Verboso
@mayorofnow avatar
2020 GTS 300 HPE
Joined: UTC
Posts: 1350
Location: 🤷‍♂️
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I'm moving to NY. I'll need to get moto and renter's insurance.

I currently use State Farm through Erika Novoa in California. Can anyone recommend a company/agent in New York?

Thanks!
@tripo avatar
UTC

Addicted
2016 GTS 300 Settantesimo Grigio Pulsar
Joined: UTC
Posts: 541
Location: San Antonio, Texas
 
Addicted
@tripo avatar
2016 GTS 300 Settantesimo Grigio Pulsar
Joined: UTC
Posts: 541
Location: San Antonio, Texas
UTC quote
NY City? or upstate?
@juan_orhea avatar
UTC

Molto Verboso
S150 '09, Beo 500ie '08
Joined: UTC
Posts: 1280
Location: Bermuda
 
Molto Verboso
@juan_orhea avatar
S150 '09, Beo 500ie '08
Joined: UTC
Posts: 1280
Location: Bermuda
UTC quote
Progressive, for me - x3. Less than $100/year/scooter.

However, my scooters are 2008/2009 models, liability only, and are garaged in a northern suburb.
OP
@mayorofnow avatar
UTC

Molto Verboso
2020 GTS 300 HPE
Joined: UTC
Posts: 1350
Location: 🤷‍♂️
 
Molto Verboso
@mayorofnow avatar
2020 GTS 300 HPE
Joined: UTC
Posts: 1350
Location: 🤷‍♂️
UTC quote
Tripo wrote:
NY City? or upstate?
NYC
@nycsuburbscoot avatar
UTC

Enthusiast
2024 Liberty 150 S
Joined: UTC
Posts: 59
Location: New York
 
Enthusiast
@nycsuburbscoot avatar
2024 Liberty 150 S
Joined: UTC
Posts: 59
Location: New York
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I use State Farm and have been happy.
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Member
BV400
Joined: UTC
Posts: 9
Location: Rochester, NY
 
Member
BV400
Joined: UTC
Posts: 9
Location: Rochester, NY
UTC quote
I'm in Rochester and pay about $300/year for full coverage via Progressive. In NYC however, you're likely to pay through the nose because of the relative theft rates.
@fergy avatar
UTC

Hooked
2021 GTS300 Racing Sixties
Joined: UTC
Posts: 186
Location: Selbyville, DE
 
Hooked
@fergy avatar
2021 GTS300 Racing Sixties
Joined: UTC
Posts: 186
Location: Selbyville, DE
UTC quote
I got better rates from Geico than Progressive but that was in the Hudson Valley. Still have Geico here in Delaware.
@nycsuburbscoot avatar
UTC

Enthusiast
2024 Liberty 150 S
Joined: UTC
Posts: 59
Location: New York
 
Enthusiast
@nycsuburbscoot avatar
2024 Liberty 150 S
Joined: UTC
Posts: 59
Location: New York
UTC quote
I am at $275/yr full coverage in Westchester.
@baba12 avatar
UTC

Molto Verboso
2018 Vespa 300 GTS Touring
Joined: UTC
Posts: 1355
Location: NYC
 
Molto Verboso
@baba12 avatar
2018 Vespa 300 GTS Touring
Joined: UTC
Posts: 1355
Location: NYC
UTC quote
In NYC, have had GEICO for the last 14 yrs. Used to be $278 but now it is $400 for the year.
I have a clean driving record & no tickets for speeding or other moving violations.
What I have found is doesn't matter if you are all clean and sober the insurance companies will gouge you because they can.
One would think that based on driving records and past claims filed (none in my case) one would get a discount over time, doesn't happen ever.

What I would suggest is take the defense driver course and get a discount of 10-15%.
But in general expect to pay anywhere between $350-$600 depending on who you go with. When I shopped around it was six or half a dozen of the other.
@bob_copeland avatar
UTC

Ossessionato
2013 Vespa 300 Super, 2022 Kymco AK 550
Joined: UTC
Posts: 3611
Location: Minneapolis USA
 
Ossessionato
@bob_copeland avatar
2013 Vespa 300 Super, 2022 Kymco AK 550
Joined: UTC
Posts: 3611
Location: Minneapolis USA
UTC quote
baba12,

I am an insurance agent. Premiums are going up crazy. Auto/Scooter repair parts are up 50% in just two years. Look at inflation, gas, food, every damn thing is up.

Also, the insurance industry is allowed by State Insurance Commissioners to dial in a 10% profit - just like gambling casinos control slot machine pay outs.

My problem, the rates are so high, there may be as many as 30% of the population driving around without insurance. So be careful out there. Big up tick in my insureds reporting the car that hit them just takes off.

Bob Copeland
UTC

Member
2008 LX50 4T
Joined: UTC
Posts: 5
Location: New York, NY
 
Member
2008 LX50 4T
Joined: UTC
Posts: 5
Location: New York, NY
UTC quote
i've been a Geico customer for 14 years. Have insurance from them on my truck, my cruiser, and my vespa. I pay $29/year for insurance on the Vespa. Located in NYC.
I have never had a claim on any of my vehicles, and never had a speeding ticket. I also have completed motorcycle safety course, and defensive driving course.
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Addicted
2020 piaggio liberty 150
Joined: UTC
Posts: 843
Location: Reno Nevada
 
Addicted
2020 piaggio liberty 150
Joined: UTC
Posts: 843
Location: Reno Nevada
UTC quote
My advice is an independent broker. It may take some doing to find a good one but if you do find a good one it makes all the difference.

I had Geico and just got my renewal statement. They raised it from $770 to $950. I went to a local independent broker, Northtown Insurance, and they got me the same coverage for less than $250 for the 6 months of coverage.

While I was at the broker my wife was shopping online and the price from the broker was lower than the online price with the same company.

The best part of the independent is they will shop for you when it's renewal time. They have no problem moving their clients insurance to another company. When you have an independent broker it doesn't even take 15 minutes and they help keep the insurance companies honest to some degree.

If you have insurance with a company that doesn't do business with independent brokers you are probably paying too much. I cannot understand how it could be so much lower from one company to another and personally feel ripped off. Of course regardless of price I feel ripped off whenever I send money to an insurance company.

Maybe if you do have a major accident and you have an agent that has been your guy or gal for 22 years he/she will come visit you in the hospital and not try to pay you the least amount the insurance company can possibly get away with but probably you won't even get the visit. Insurance companies always pay the least possible. You do not get more by paying more shop around. Don't feed the corporate monkeys!
@baba12 avatar
UTC

Molto Verboso
2018 Vespa 300 GTS Touring
Joined: UTC
Posts: 1355
Location: NYC
 
Molto Verboso
@baba12 avatar
2018 Vespa 300 GTS Touring
Joined: UTC
Posts: 1355
Location: NYC
UTC quote
how do you find independent brokers and know which one is good or not. More importantly does one pay a fee to the broker or they get paid by the insurance companies. I have never used a broker so I have no idea of how that works.Back in 1991 when I first got insurance on my motorcycle, I had my Professor at school help me get insurance from a local company in Champaign IL, then when I moved to Cambridge MA in 92, there was local branch of State Farm insurance company that had a storefront close to where I lived & they insured the bike. When I moved to NYC I just got GEICO. That has been my story but I would like to see if I can find a broker and get something better...
The Future price of Fear is always overpriced, hence insurance companies thrive..
UTC

Addicted
2020 piaggio liberty 150
Joined: UTC
Posts: 843
Location: Reno Nevada
 
Addicted
2020 piaggio liberty 150
Joined: UTC
Posts: 843
Location: Reno Nevada
UTC quote
So what I did was went to google maps and searched "Insurance Broker" in the area I wanted to look at.

Then by studying the map determined which were actual offices and which were home based. You can tell in a small city (Biggest Little City in the World) like Reno by zooming in on the map which ones are in houses.

Likely the house based ones are all online and if you are going online it makes no difference where you shop as long they can provide insurance in your state.

I prefer the physical location with an office that is open to the public. That way I can go and talk to a real person face to face.

Years ago when I was working in the SF Bay Area I had a guy that was awesome! He took a very personal interest in all of his clients.

When I had problems with a new vehicle he found me a lemon law lawyer who was another one of his clients. When I had tax problems he recommended a tax/investment advisor who was also a client and a professor at a local University, the tax advisor brought a student to our meeting. This was the guy that told me to read "The millionaire next door in the early/mid 90's.

Of course he also got me really good rates on insurance. So whenever I look for a new broker ( I had moved out of the area ) I always tell them about my guy in the east bay years ago and how he helped me with so much more than just insurance. He really did his best to take care of all of his children...I mean clients but that's what it felt like and I tell my new prospective insurance broker the story and tell them that is what I am looking for in a new broker because I have moved and the Cali guy can't sell insurance in Nevada.

I think it not a bad idea to bring a gift or some flowers etc and try to get someone who will take a little time to get to know you and your situation. I am reasonably sure that they are paid by commission from the insurance company they hook you up with but still the independent broker works for you not the insurance company. A good one will shop rates for you at your request come renewal time. A really good one just shops without a request especially if they know you want them to so you can avoid feeding the corporate monkeys.

I guess a really good agent or office that only works for one company like state farm is fine as well in that they get to know you and try to help with things like I mentioned but in my experience they are more expensive for the same coverage and of course the same payout should something require a claim filed.

Final thought is I have run the numbers and if I had never bought insurance for any vehicle and paid for any damage I have ever caused I would be so much money ahead. Also I drive/ride like an idiot! A highly skilled idiot but idiot nonetheless. A couple fender benders and one totaled older but low mileage pickup from a deer that hid in the ditch until the last possible second before jumping in front in what was clearly a successful suicide attempt.

Even though I had coverage for the deer it did not make me whole, and I ended up buying the truck back from the insurance company and sold it. The money I got from selling and insurance settlement was less than what the vehicle cost me. So even with insurance you still lose money if something happens not to mention rates increase.

The only really good thing about insurance is if something catastrophic happens otherwise it is usually just cheaper to fix it yourself or pay to have it fixed without filing a claim and if you do that why do you have insurance in the first place?

Because it's the law you have to have it number one ( I wonder how that got enacted anyway? I am old enough to remember when it was not the law and am certain it was insurance industry lobbyists and quite probably an insurance company employee who actually wrote the legislation )

And in case of the catastrophic but very low probability occurrence number two. The insurance companies have actuaries that calculate the probabilities of occurrence on every policy they underwrite. They are very good at it. They look at the equation from all angles and do not lose money.

And this is just for vehicle insurance. Don't get me started on health insurance in the USA.
@jackp avatar
UTC

Member
Vespa GTS 300
Joined: UTC
Posts: 46
Location: Syracuse
 
Member
@jackp avatar
Vespa GTS 300
Joined: UTC
Posts: 46
Location: Syracuse
UTC quote
I'm a 70 year old with a perfect driving record(currently drive school bus) and have a 2014 GTV 300 and a 2018 GTS and pay a total of $118 yearly with Progressive.
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