That’s crazy because I have had GEICO for 2 years and I’ve never had a ticket or and accident in 20 of driving and they are quoting me 10x the amount as progressive
I have full coverage with $0 deductible on a liter bike for $28 a month. It’s a $10k bike.
Age + bike type + area combined with other factors (driving history, theft in your area, whims of the broker) means that younger riders and sport bike riders are going to pay more.
Insurance is up on every vehicle this past year or two. If you have an accident on your record that’s another contributing factor. Sport bikes will always cost a ton more than something less faired/different style, even if the engine is the same. I’m assuming you are young and you are in one of the priciest states to insure a bike.
I may be wrong on some of the stuff but that’s what I know/have been told.
Im also less than $200 a year and my rate went down this year. I checked how much more it would cost to add a dual sport - Progressive will reduce my premium and send me $5 if I do so.
I’m also, er, seasoned, and I ride an old man bike.
>and I ride an old man bike
Semi related anecdote...
When I switched from my XSR 900 (a fucking fast 900cc triple) to my Africa Twin (a slow 2 cylinder SUV) my insurance company dropped me because they wouldn't insure a 1000cc class bike.
I ride a 1300cc inline 4 - my premiums went up when I added my wife's bike, a 313cc thumper, ahead of my picking it up for her i.e before I added her as a (new) rider.
My 636 is $25 a month and they wanted $35 for a brand new s1k for liability. Comp was like 4k every 6 months for the brand new s1k also seasoned with no tickets or at-fault accidents
What is "Seasoned?" lol I'm I'll be 39 next year when I bite the bullet and buy a new 636. I'd be happy paying $ 100 a month. No at faults, no tickets in 15 years.
I am also, err.. seasoned, and I pay $180 per year comprehensive and collision, with additional medical coverage on my 250. Granted I live in NH, I'm old, and I have a cheap bike, but it's hard to see how this guy could possibly end up paying over forty times as much as I do. I'm probably a better risk for the insurance company, but not that much better. A lot of the stupid stuff that happens to motorcyclists is due to some other driver entirely.
My bike got hit and run in a parking lot, the car left a piece at the scene, but the cops were stupid af and thought it may have been the wind. My insurance went up by $100 a month because of it.
Insurance on everything is up - cars, motorcycles, homeowners, pet - and it has little to do with your record and claims. Geico also seem intentionally trying to drive customers away with absurd quotes that are easily 2-3x higher than anyone else.
It's a notable difference, hence asking. There was a 10x difference between my liability and my full coverage. Older guys like the one you responded to can very realistically get 78$ full coverage (or close to it) depending on their experience and the bike
For comprehensive or liability only? I have a 2019 Tracer 900 and my liability coverage is just over $100/yr, I can’t imagine comprehensive would be nearly that cheap
I mean it looks like a pretty typical quote for a new rider. In my first year, the quote for full coverage was basically the same as the value of my bike. Liability for the same bike, the same year was ~$150/yr. Guess what I chose.
One thing I didn’t realize until I got my insurance license… when you see quotes like this from an insurance company often times it is because the state is mandating that they raise their rates to reduce new policy uptake. If one insurer has a large percentage of the market, they will be ordered by state insurance regulators to raise their prices to these types of “fuck off” rates. This keeps the exposure balanced between multiple companies. Often times high rates from different companies will reveal that they use the same reinsurer behind the scenes.
That said… Florida man+Liter Bike=Profit doesn’t make sense to anyone.
I think the best plan is to determine why you and your desired bike are considered such high insurance risks. Then change that, because the formula right now is saying you are one hellacious, terribad risk to insure.
Well In florida my girlfriend is also extremely high risk she has never had a claim, accident, ticket or anything and is currently being charged $400 a month for just liability and no total loss on her 2011 fiesta (that’s paying double what the cars worth for a year of coverage). Im planing on leaving the state and curious if insurance is as crazy everywhere else because I’m not really seeing the sense behind the risk assessment here.
I don't understand why anyone would ever shop insurance quotes on their own. Contact a couple insurance brokers and have them do the legwork. It's literally free.
Just Google local people in your area. I got my guy by word of mouth. My cousin has known and used the guy for years and just gave me his info and I emailed him. I believe they're paid by the insurance companies they work with so it's on them to find you a good deal so they can make money. If they don't find you something you like or want you don't have to purchase the plan. Ask friends and relatives if they use a person. You'd want to find someone that isn't a state farm or GEICO exclusive rep, but someone that works with insurers both large and small. Initially I had a plan through a company I'd never heard of. Now I'm with a more well known one after my rates went up and I contacted my guy to shop around again.
Ask a dealership. I’ve always used progressive, so naturally I got a quote from them when I bought my first bike. The dealer asked if I wanted to get insurance through their broker which I figured was just a scam so I said “nah nah I’m good I got it covered”. They said let us get you some numbers, they got me a Prgressive policy with better coverage for 1/3 what I was quoted.
Yes, insurance on liter bikes is crazy everywhere. Even more so if you are in a high risk demographic. It's why the consensus on here is if you are going to finance, GET AN INSURANCE QUOTE FIRST.
Working at a dealership in Kansas, I saw quotes like this all the time. Sometimes people went for it, most of the time they didn't.
It's not crazy everywhere else. Before moving, try running an insurance quote using the address of where you are moving to. Because insurance cost can depend on the exact neighborhood you live in.
How old are the two of you? Do you live in a higher crime area? What's do your credit scores look like?
These are all things they look at when determining a rate, even if you have a squeaky clean driving record. But the reality is that any super sport bike is going to cost a lot to insure, regardless of your ZIP code. Insurance companies understand that they are statistically incredibly high risk.
Here in Utah about 20 years ago, my buddy was looking to buy an R1. He was in his mid-20s, good driving record, good credit, relatively safe neighborhood, etc. Nobody quoted him a dime under $3,000 per year for comprehensive with a big deductible.
Wow, one more reason to avoid Florida. Looked it up and you’re right, it’s not required, but if a person causes an accident then they’re “required” to cover any damages. Good luck squeezing blood out of a dead swamp rat. Don’t get me wrong, insurance is a BS industry, but liability coverage on moving vehicles does make some sense.
That's wild that you don't need to insure a literal ground rocket. It's not so much the bike itself but the damage it could cost to others if it crashes into something or someone.
Until you launch that fucking thing into another bike, a pedestrian or cause a car to crash, it’s absolutely not statistically impossible for an asshole on a bike to destroy other peoples lives.
On another thread in here someone was talking about how an idiot from his school crashed his bike going 160 bald eagles per bullet into the back of a truck and killed 2. These things are rockets on wheels.
Also how many times do you see some chucklefuck squid take a group of riders out because they wheelied on a public street like an idiot. You’re sort of asking for this to happen by riding in a group anyway, but you see this kind of shit or hear these stories all the time. This idea that motorcyclists should be exempt from rules because they only harm themselves is such a shitty selfish juvenile take.
Yeah and anecdotally most riders i speak to around here don't. So it's still accurate. To the point where most cops assume you don't have insurance and don't even ask you.
The loans on my bikes are under 3% so that's basically free money, I'd rather not cash out investments that are earning more than that to buy them outright, and full coverage for the most expensive one is $230/year.
That insurance quote is telling you you're in a demographic (age, area, other factors) that is very likely to total that bike, that's why the cost is so high.
Exactly. My Speed Triple is financed at 1.9%. Since buying it this time last year, my investment account has grown by about 15%. I would have lost out on a couple thousand dollars in potential investment gains if I paid cash for the bike. Then again I only pay $600 a year for full coverage, so the math works out for me.
My rebel 1100 was 0.9% financing.
I was literally being paid at that point from Honda.
You are better off financing and putting the money you would have used into basically anything else in this situation.
Financing makes sense depending on the factors. Other times it does not.
Also I'm never not getting full coverage on any of my bikes so that's a moot point.
1.9% ?!
I looked two years back, it was going to be up to 20% for a bike! And that was before interest rates went up. I just got around to buying one from a friend, so I used redraw from my mortgage, that being where all my cash goes, still 6%
The 1.9% was a manufacturer special, not a normal new bike loan from a bank. Triumph has had a hard time selling the Speed Triple 1200s and they were incentivizing them like crazy last year to get the unsold 22s off the floor. It's the best bike I've ever owned so it worked out great for me.
As somebody who was a dealer for a long time. That is true for cars, not bikes.
Most people who finance a new car cannot afford the car so they get a loan. Most people who finance a new bike can afford to buy it outright but would need to pull money out of something else to do that. Either their return rate is higher than the interest or it would mean pulling from an emergency fund.
Same thing here. Got my CBR for $9000.00. Had cash but they just wanted to check out financing, financed at 2.9%. Threw the $9000.00 in investments and over the last 3 years I made 40% on the 9.
Now to find a Fireblade
I’m 24 M and in NJ, never been in an accident or have any tickets have been riding and insuring my bike since 2020. My first bike was paid for cash and insurance on it was only like $400 for a whole year.
Last year I bought a new Triumph T120, financed, and it’s only $700 for a whole year… with good coverage too… like I have extra stuff on there… roadside, full coverage, low deductibles, higher liabilities and all that… and through progressive.
I also bundle it with my auto, and took a BRC course so I’m not sure if that affects it by much.
Just not really sure what you mean by you don’t insure your bike in Florida, don’t you guys get hit by hurricanes every year and don’t you worry about anyone stealing your bike?
Sweet smurfy jebus. My full-coverage policy is less than $250 a ***year***. Even when I was in my 20s insurance was expensive but not *that* expensive. Holy shitsnacks!
You and your bike are in a demographic.
As a fifty something with a few decades of riding, I'm paying $600/yr for full coverage on a VStrom 1000 and an FTR Carbon.
I’m just gonna say it: have you considered not buying a liter bike? Granting I just ride a little Rebel 250, but good insurance costs $116 per year (just went down from $121–such savings!). Maybe a smaller bike that doesn’t signal that you’re probably a dangerous rider might do you some good? (Whether liter bikes ought to signal that or not, based on insurance pricing, I’d say they must.) It’s better to ride a small bike fast than a big bike slow.
Yeah I pay like $23/mo for my W650 and I'm pretty sure it's full coverage (it's been so long since I set it up that I forgot honestly). They're looking at more insurance than I'd be paying for a literal Corvette Z06 or Mercedes S600, and that's with the effective \~3 year gap in insurance on my record since TX considers bike insurance the same as boat insurance instead of car insurance.
I'm guessing OP is <25 if not even <20, buying a newer bike. I went and tried it on progressive (where OP's looking, they're who I have currently so I recognize that layout) and they're getting a quote close to what I get for full coverage on financing a 2024 Kawasaki H2 ($705/mo, $9130/yr). But if I step it down to "just" a 2020 CBR1000R, even going with their "Plus" protection with even more coverage (including medical) I'm only at $140/mo.
Everything about this screams "I just turned 20 and want a leader bike because my friends have sixhunneds"
My insurance is nowhere near that. You must be a teenager or early 20s with less than 5 years riding experience. Buy all my bikes cash.
33m been riding 13 years. Have a liter super bike and more. Pay to play at your age and exp.
I don't understand why you wouldn't insure your motorcycle. That's just insanely stupid to me. I had a CBR1000RR Repsol lifted and I got a check.
>I’m in florida so we don’t really insure bikes here
Guys, this might be the dumbest thing I've ever seen posted in /r/motorcycles.
OP is apparently buying a bike so expensive he can't pay cash, and is bragging he wouldn't insure it otherwise? WTF?
OP is doubtless also leaving out some other key facts, like his driving record and age. Liter bikes have crazy insurance rates FOR A REASON.
Dude what bike are you getting? I have a 1994 Honda Shadow AND a 2007 Yamaha Virago and my insurance is $75 a YEAR. When I see these posts about insurance it absolutely blows me away
Have you insured motorcycles in the past?
Insurers are getting pretty tired of guys on full fairing liter bikes phasing through minivans full of kids at 180mph, so unless you have a long, clean record of insuring motorcycles, they're going to be giving you fuck-off quotes.
>I’m in florida so we don’t really insure bikes here
maybe the folks you hang out with don't.
anyway, something about you+liter bike is telling progressive that you deserve the middle finger. try another company, or another bike, or possibly avoid massive speeding tickets
I’ll be honest….. this seems LOW given your age and the type of bike. Your chances of crashing it are extremely high, as are your chances of injuring someone else. It’s shocking they will cover you at all.
Fucking hell dude. I was quoted $2700 for an R6 I was looking at which felt outrage to me. Granted you’re looking at a liter bike, but $7600 is totally insane. At that price it may actually be worth getting liability and just eating the cost of any damage you do to it. You’d probably save money that way.
Well, some of this goes to one's driving and financial history.
https://preview.redd.it/imlhvzgxkl3d1.jpeg?width=498&format=pjpg&auto=webp&s=119980990c0a5fad080e9823dbe59b8986ec3b6e
My insurance on my 2022 Triumph Tiger 900 Rally Pro, on which I financed a little over $20,000, is less than $400 a year. My financing rate on this bike is far, far lower than the current rate of inflation, meaning that at the end of the day, I'm coming out ahead by financing, not behind.
I also could get much lower insurance with another insurer, but from personal experience with a car accident my kid had that State Farm will follow through with what they say they will do, and won't dick around arguing trying to get out of paying.
Your whole perception on this is kinda outta wack.
Yes of course it's going to cost more to finance! That's why they want you to finance! It's literally where they make most of their money!
You absolutely will save every time you don't finance unless the APR is very low and you're able to make more on the money spent by putting it into a CD or high interest bank account that makes more in interest.
In Florida ppl don't get motorcycle insurance because you buy the bike outright?! This is dumb, you buy insurance in case you get in an accident and end up in the hospital with medical bills, or worse you wreck and are at fault for seriously hurting someone else or property damage!
I mean, most of us aren’t paying that much for insurance. I’m insuring two new cars, a modest home, a houseboat, and a motorcycle and it doesn’t cost me nearly as much as that for all of them. And bike loans are at a lower rate than the return on any of the accounts I’d take money out of to buy a bike. So it makes more sense to finance for me. And I’d be getting full coverage insurance anyhow so financing it doesn’t change what I’d pay to insure. So, that’s how we justify it. You’re either very young or very high risk or both. Your insurance quote isn’t representative of normal.
My fully insured road glide and pan America, cost me about $95 a month through progressive. But I’m 42 with 21 years of riding experience and no tickets in the past 10 years
I just bought a new Aprilia Tuono 1100 V4, financed part of it, and have full coverage insurance for $42/month through State Farm. I’m 43 male, no wrecks or tickets in Oklahoma. Weird thing is my 2023 Z900 is $56/month. I have no idea why a much faster, more expensive Italian Super’ish bike is cheaper than a Japanese street bike, but I’ll take it!
It’s really worth shopping around from time to time for new insurance to keep your rates down.
wtf kind of quote is that? did OP spend the last 10 years getting duis and committing vehicular homicide on repeat? that's the only way this could possibly make sense.
also i pay under 100 bucks a year for insurance
I've received quotes on several bikes, the highest for a 1200cc bike was $25/mo for full coverage (no medical tho). Lowest was around $19/mo for a 700cc bike.
Full coverage with ~$500 deductibles on my FJR1300 plus liability only on the Ninja runs me about $500/yr here in Pittsburgh, but I'm 38 and have been riding/M licensed since I was 19
I pay a little over $800/year for full coverage through Progressive. That's for both of my bikes... So like 400 per bike. Maybe don't buy a liter bike.
Full coverage isn't dumb. It sure was nice when I hit a deer on my Dyna and I wasn't out $13k. Maybe you're rich and DGAF but I'm not.
Not sure how this is even possible, I’m riding a 2022 Triumph Street Triple RS, I just turned 25, and I don’t even have my motorcycle license (just permit) and my full coverage insurance is $88/month. (Same as it’s been for 2 years)
I have Progressive here in NY, full coverage on a 2018 Honda Rebel for $75 a year. We also have a moped that my wife rides, that one is $17 a year full coverage. I'm 41 and she's 39, both with clean driving records for over 15 years.
Florida is quite possibly the second worst place to insure a supersport in the states. 1st place is shared between cities on the Southern border.
In most other areas, the cost can be "reasonable" (read that as not as bad but still terrible compared to literally any other type of motorcycle).
Just get an old bike. In 2003, My first bike was 20 years old, and insurance was 33 bucks a month. I bought a then new vtx1800 and the insurance shot to 200 a month.
What bike is it for, how old are you, and what kind of driving record do you have?
Edit: if you're a male under the age of 25 with a shit record and you're trying to insure a busa that quote makes sense.
I mean might be the liter bike depending on your age and experience, but the two in my flair have full coverage and I spent $432USD for the year in Arizona
I financed my H2. 4.5% intrest. 18.5k usd bike ends up at 19.8k after 5 years. Those 20k I don't drop straight for the bike work and generate more than 4.5% in crypto anyways, and its easier to get money from insurance when there is a lien on the bike with debt. If I total the bike, the insurance is forced to handle every penny, but If i bought it straight cash there would be a harder time for me to liquidate the real price of the bike. Then there is no ifs or buts about it.
Insurance is 40 usd a month, or 480 usd a year for full coverage. If I drop my bike its 200usd for new fairings. Even the engine and train have full coverage. If the supercharger goes boom i get a new engine. I feel like the USA is so fucked when it comes to dealer markups, finance and insurance. My 22k bike costs me 480usd a year to insure. Its a easy choice. Even if I did buy the bike out right I still would have full coverage on it as its just 20 usd more a month, so if I wreck my bike I still get a new one if I am at fault.
But the commenters are right the demographics are insane in a lot of places here. I don’t really plan on riding here in florida I plan on moving to a different state but the amount of traffic in this area is insane and I could understand a higher premium. But i don’t understand where a lot of these numbers come from. My gf for example has no accidents,tickets, claims, or anything and she pays $400 a month for just liability and no total loss coverage on a car from 2011🫤.
Florida is insane with insurance across the board. Car went up 50% last month for no reason. House jumped up $175/month for no reason. Fuck this state. I’m out next year
Just start on a less costly, smaller engined bike. Even though I hope you will never crash, it happens and paying for a bike you can't ride on anymore sucks.
I am a Euro guy so I never understood financing your car/bike. I get that you build up your credit score (somehow) but the risks always seem too high for me.
"We don't really insure bikes down here in Florida" 🤦♂️, and yall dont wear helmets either, the 2 absolute bare minimums to swinging a leg over a street legal motorcycle.
I’m 33 and have had 4 bikes with my insurance and when I bought a new bmw liter bike they said 7k insurance too. Soflo just sucks for anything. Car insurance is crazy as well.
Got my first bike in florida, Volusia county. I was 25. It was a brand new ninja 650. Think my insurance was around $50 a month. I've also never filed a claim, and I have a 1k deductible on all my vehicles.
I'm gonna be 10000% honest I've got liability only. If it eats shit so be it. Despite my clean record and me being 27/28 my shit was still high in Texas.
That's insane.
I've got full coverage on a Harley, and a newer truck, plus liability on another 2 vehicles and pay a tenth of that.
Age, how long you've had a motorcycle endorsement, motorcycle rider courses and driving record all make a big difference.
Mine is $59/month for both of my bikes and both full coverage (which is overkill for the KX cause collision is unnecessary for a dirt bike)
Edit: for reference 28M living in Davenport FL
Pretty typical quote [for many areas of the country](https://cdn.howmuch.net/articles/average-cost-motorcycle-insurance-MAIN-54ea.jpg). A little high nationally, but you're going to see similar rates in most states based on your bike choice and demographic. Might be able to go as low as $4000/yr in a place like North Dakota or some shit.
I know it's not what you want to hear, but ffs... listen to the advice you're getting: we're speaking from experience. A liter bike is a terrible choice for *you specifically* both financially and safety wise.
Get a triple like a Street or MT09 if you're dead set on something bigger than a 300/400. The insurance will be WAY lower, the bike will be lighter and more nimble, and you'll still have **gobs of power** that you won't know what to do with.
After a brief stint on a Rebel, I started on a 650. I don't regret it one bit. Love and miss that fucking bike.
Because I financed my bike for very cheap (doesn't really cost me to finance it), and insurance didn't punish me for it. My insurance is $60 a month. Not all of us are in your position
I was paying $230 a month with geico and switched to dairyland now for $100 a month. You’ve gotta have tickets or accidents or something that is jacking up your rate or the bike is super expensive or something.
that's normal for buying a new liter bike. i'm assuming you are 18-25 and want to buy the fastest motorcycle you can own, insurance companies know that typically that group is not concerned with safety, or following laws. And they have a bunch of claims on bikes so the price reflects. Everywhere u look for full coverage will be that much about
I had no idea insurance was this high! What are the factors? I'm in Florida, +25 years old, cleanish driving record, and my Ultra Limited ($25k) is less than $900 a year to insure. Recently moved to a different county and the price went up $50 per year.
Location is very important. Insurance companies charge you based on your neighborhood, town, county, state.
I moved from a college town in AR to a backwoods town in LA and my insurance on a 2014 Malibu (in 2017/2018ish) went from $187 monthly to $550 monthly.
I hate to say it but I went without insurance... My car note was $310, 0 accidents, 0 tickets, 22-23 years old, 0 insurance claims etc.
The other thing they look at is your credit score... My credit did drop in between the first 2 years I owned the car and my move to LA. made all my car and insurance payments mind you, but I had 3 credit cards I had stopped paying for a 3 month period because I got fired for falling asleep at work.
Why would anyone pay 1.5x their car note for insurance?
It makes absolute sense if you know what you are doing.
I have seen manufacturers offer 1 and 2% rates many times. I have a good amount of money invested at 6%. Why would I use that to buy a bike with cash?
And I'm old enough and don't buy inline 4 sport bikes so it doesn't rape me for insurance if I finance.
That’s the “fuck you we don’t want to insure you” rate.
I financed a bike and my insurance was about $20 a month as a new rider with no experience. Something in your driving history or demographic is telling them to steer clear of you.
I got basically the same quote. It was $120/year for minimum insurance, or $6000/year for comprehensive theft insurance on a liter bike. I just paid cash instead to avoid needing comprehensive insurance.
What are you talking about?
I'm financing my new 2023 motorcycle and I'm only paying $475 a year for insurance. Full coverage, even covers uninsured motorists, roadside assistance, etc.
2023 Triumph Bonneville T100 for reference.
Insurance depends on multiple factors, not only financing vs owning.
Lots of factors. Age, age of bike, driving history, tickets, cc’s, location. It has definitely gone up in general though. In the early 2000s as an 18 year old, you could have a 600 cc sport bike for around a grand a year fully covered. I’m 38 now and have a Kawasaki 900 for $1000 fully covered.
Lol, Jesus fucking christ.
I don't think they want your business.
If you wreck your bike, what are they gonna do? Buy you a used accord?
Try dairyland.
Try Foremost Insurance, they're the sister company to AAA. I tried all the big names and some local one's too, couldn't find a quote for less than 3k/yr. I'm currently paying $70/mo with Foremost.
I live in NC. I have financed 3 bikes (I don’t recommend but I wanted them really bad at the time). All 3 times I only needed liability insurance to leave the dealership. I never paid more than $15 a month for that. First bike was a 5 year old used bike, second was a brand new R6, and the third was a brand new FZ09. In my state the minimum coverage was just liability.
You can say what you want about the risks of only having liability, but to get the minimum to leave the dealership and then shop around for coverage after, it works. I suppose a 1000cc bike that has more crashes on record will cost more. But in 2014 my brand new R6 was $13 a month. And as a side note. Your insurance cost won’t really change by not financing, you are paying for total loss of the value of the bike. If the insurance company says the value is $12k, it’s 12k even if you pay full cash to the dealer. Your insurance rate will be the same regardless. It’s based off the bike value, crash statistics, and what type of coverage you want.
In central Florida and pay $156 yearly for a 2023 Street Glide and a 2021 CanAm Ryker for comp/col. My son (26 with a clean driving record) pays $200 for his Yamaha road star warrior but was quoted $1800 for his Aprillia RSV4.
Interesting: My Harley alone was $160. When I added my wife’s Can Am, it went down $4.
Who the F allows bikes on public roads without insurance? And what kind of fool would even do so if allowed? Do you just say "oh well I'll just take the chance that family sues me and takes everything I own if I kill their kid on the road"? What happens if you are someome with nothing other than a old paid for bike and you kill someone, you're able to effectively say "F them"? What happens if you kill yourself on the bike and you have a family depending on you, you just say "F them"?
This just boggles my mind... I went with crazy high coverage and it's all of $31/mo....what are we doing here?
I've seen the same thing every time Ive looked at insurance for a bike in FL.
To get any type of decent coverage, I'm payinmore than I paid for the bike every 1.5 years.
And the one time I got basic coverage for like 96/yr. They kept calling and writing asking me to pick up full coverage and I constantly declined.
Next bill came, and it was for $145. For the month. Called immediately, canceled. And they tried saying that I needed this insurance for this reason or that reason. But I told them flat out, I paid $1700 for the bike. I'm not paying $1700 every year in case something happens to it.
This is a "go away" quote
Yea progressive gave me the go away quote after a hit and run, GEICO got me for 1/10th the price progressive wanted
That’s crazy because I have had GEICO for 2 years and I’ve never had a ticket or and accident in 20 of driving and they are quoting me 10x the amount as progressive
Progressive quoted me like $300 a month. For a bike that’s $2000
Yikes. I pay 30 a month for a 12k bike
Do you have full coverage?
I have full coverage with $0 deductible on a liter bike for $28 a month. It’s a $10k bike. Age + bike type + area combined with other factors (driving history, theft in your area, whims of the broker) means that younger riders and sport bike riders are going to pay more.
I am also on a motorcycle
Insurance agent here - it sure is 😂😂😂
Why do ya'll do this instead of just saying "we can't offer you a policy".
Because there is a small chance they buy it- that’d be a nice commission. Shoot your shot!
I send my quotes no matter the price. Only sometimes are there underwriting issues that don’t allow me to quote or write a policy
Insurance is up on every vehicle this past year or two. If you have an accident on your record that’s another contributing factor. Sport bikes will always cost a ton more than something less faired/different style, even if the engine is the same. I’m assuming you are young and you are in one of the priciest states to insure a bike. I may be wrong on some of the stuff but that’s what I know/have been told.
I ride a 2021 Yamaha 900 triple. Comprehensive coverage is less than $200 per year. Utah. Yes, I am seasoned.
Im also less than $200 a year and my rate went down this year. I checked how much more it would cost to add a dual sport - Progressive will reduce my premium and send me $5 if I do so. I’m also, er, seasoned, and I ride an old man bike.
>and I ride an old man bike Semi related anecdote... When I switched from my XSR 900 (a fucking fast 900cc triple) to my Africa Twin (a slow 2 cylinder SUV) my insurance company dropped me because they wouldn't insure a 1000cc class bike.
I ride a 1300cc inline 4 - my premiums went up when I added my wife's bike, a 313cc thumper, ahead of my picking it up for her i.e before I added her as a (new) rider.
Yep, that looks like when I tried to buy a CBR in my early twenties. Now twenty some odd years later I have a 900 Triumph for $75 a year.
My 636 is $25 a month and they wanted $35 for a brand new s1k for liability. Comp was like 4k every 6 months for the brand new s1k also seasoned with no tickets or at-fault accidents
What is "Seasoned?" lol I'm I'll be 39 next year when I bite the bullet and buy a new 636. I'd be happy paying $ 100 a month. No at faults, no tickets in 15 years.
I think after 40, insurance rates go way down for men and women.
Turning 40 in October
I’m about the same age as you, have Ducati scrambler 1100 and pay about $500/yr
My 14 FZ09 is 1100 a year for comp in TX. You're lucky as all get out!
I am also, err.. seasoned, and I pay $180 per year comprehensive and collision, with additional medical coverage on my 250. Granted I live in NH, I'm old, and I have a cheap bike, but it's hard to see how this guy could possibly end up paying over forty times as much as I do. I'm probably a better risk for the insurance company, but not that much better. A lot of the stupid stuff that happens to motorcyclists is due to some other driver entirely.
My bike got hit and run in a parking lot, the car left a piece at the scene, but the cops were stupid af and thought it may have been the wind. My insurance went up by $100 a month because of it.
Yeah, me neither went up this past year from $72/yr to $75/yr. No accidents or citations.
Mine went down $200 for full coverage and bike financed.
Yamaha's MT/FZ range has been jumping up a lot recently on insurance as well. They're coming for the Nakeds next.
Insurance on everything is up - cars, motorcycles, homeowners, pet - and it has little to do with your record and claims. Geico also seem intentionally trying to drive customers away with absurd quotes that are easily 2-3x higher than anyone else.
I ride a cbr500 in a major us city that is notorious for bike theft, and crashes. I pay around 300 for full coverage all year. It's not all that bad
I think it makes the most sense to finance, pay interest, and the additional $8k a year. -no one ever
To be fair, this is a "go away" quote from Progressive. They don't want his business.
I'm old man, with an old ironhead Harley Sportster. My Progressive insurance rate is $76.76 a year. Progressive very much wants OP to "go away".
I’m 23, I have an 04 R6 with progressive. I pay 72$ a year
Middle aged with a 3rd gen sv near Baltimore. “Full” coverage for me is $600/year
Liability only? Wish you luck.
Bought the bike for a grand - 300$ into it. Don’t really need more :/
Is that just liability or full coverage?
Liability or full?
Just liability. But that’s fine
It's a notable difference, hence asking. There was a 10x difference between my liability and my full coverage. Older guys like the one you responded to can very realistically get 78$ full coverage (or close to it) depending on their experience and the bike
How tf I pay a bit more than that *per month* for the same bike (just an 05). But I’m 3 years younger so ig that’s just how it is
Where do yall live? I've never been quoted 7k+, but definitely not under 100.
California. The Bay Area specifically
That's because the bike is worth $1200 bucks lol
For comprehensive or liability only? I have a 2019 Tracer 900 and my liability coverage is just over $100/yr, I can’t imagine comprehensive would be nearly that cheap
Yeah. I've been shopping for a new XSR900 and the difference between basic liability and comprehensive quotes is huge. Like ~$130/yr to $1800/yr.
Agreed. I'm a middle aged with a Royal Enfield. My insurance with huge policy limits is peanuts.
Hah, my Progressive insurance for my 05' KLR is also $76.76 a year, been that way for many years now. Basically just the minimum. California as well?
Yes, probably not a coincidence.
My last quote from them on a liter BMW was 600 lol They take a lot into consideration for sure.
I mean it looks like a pretty typical quote for a new rider. In my first year, the quote for full coverage was basically the same as the value of my bike. Liability for the same bike, the same year was ~$150/yr. Guess what I chose.
One thing I didn’t realize until I got my insurance license… when you see quotes like this from an insurance company often times it is because the state is mandating that they raise their rates to reduce new policy uptake. If one insurer has a large percentage of the market, they will be ordered by state insurance regulators to raise their prices to these types of “fuck off” rates. This keeps the exposure balanced between multiple companies. Often times high rates from different companies will reveal that they use the same reinsurer behind the scenes. That said… Florida man+Liter Bike=Profit doesn’t make sense to anyone.
Which makes it all the more crazy how common vehicle financing is in the US.
I think the best plan is to determine why you and your desired bike are considered such high insurance risks. Then change that, because the formula right now is saying you are one hellacious, terribad risk to insure.
Well In florida my girlfriend is also extremely high risk she has never had a claim, accident, ticket or anything and is currently being charged $400 a month for just liability and no total loss on her 2011 fiesta (that’s paying double what the cars worth for a year of coverage). Im planing on leaving the state and curious if insurance is as crazy everywhere else because I’m not really seeing the sense behind the risk assessment here.
Have you tried an insurance brokerage service where they shop virtually every possible insurance provider?
I don't understand why anyone would ever shop insurance quotes on their own. Contact a couple insurance brokers and have them do the legwork. It's literally free.
Because not every provider is in the brokers umbrella. I got a way better price on my own.
How do I do that? I pay 200 a month
Just Google local people in your area. I got my guy by word of mouth. My cousin has known and used the guy for years and just gave me his info and I emailed him. I believe they're paid by the insurance companies they work with so it's on them to find you a good deal so they can make money. If they don't find you something you like or want you don't have to purchase the plan. Ask friends and relatives if they use a person. You'd want to find someone that isn't a state farm or GEICO exclusive rep, but someone that works with insurers both large and small. Initially I had a plan through a company I'd never heard of. Now I'm with a more well known one after my rates went up and I contacted my guy to shop around again.
Unfortunately my entire family uses the same method. I'll look online for a guy
Ask a dealership. I’ve always used progressive, so naturally I got a quote from them when I bought my first bike. The dealer asked if I wanted to get insurance through their broker which I figured was just a scam so I said “nah nah I’m good I got it covered”. They said let us get you some numbers, they got me a Prgressive policy with better coverage for 1/3 what I was quoted.
Yes, insurance on liter bikes is crazy everywhere. Even more so if you are in a high risk demographic. It's why the consensus on here is if you are going to finance, GET AN INSURANCE QUOTE FIRST. Working at a dealership in Kansas, I saw quotes like this all the time. Sometimes people went for it, most of the time they didn't.
It's not crazy everywhere else. Before moving, try running an insurance quote using the address of where you are moving to. Because insurance cost can depend on the exact neighborhood you live in.
How old are the two of you? Do you live in a higher crime area? What's do your credit scores look like? These are all things they look at when determining a rate, even if you have a squeaky clean driving record. But the reality is that any super sport bike is going to cost a lot to insure, regardless of your ZIP code. Insurance companies understand that they are statistically incredibly high risk. Here in Utah about 20 years ago, my buddy was looking to buy an R1. He was in his mid-20s, good driving record, good credit, relatively safe neighborhood, etc. Nobody quoted him a dime under $3,000 per year for comprehensive with a big deductible.
thats an insurance quote? that's fucking crazy I thought that was your bike payment lol. they wanted 1600 a year for mine.
"I’m in florida so we don’t really insure bikes" Haha, sure kid, enjoy your liter bike.
That's why insurance is so high there. He's not wrong.
It's not. 'no fault insurance' is the reason for the huge price discrepancy.
Sounded like something a Florida man would say.
Its actually not required in fl but i think you need a specific amount of health insurance. It's only required if you finance.
Wow, one more reason to avoid Florida. Looked it up and you’re right, it’s not required, but if a person causes an accident then they’re “required” to cover any damages. Good luck squeezing blood out of a dead swamp rat. Don’t get me wrong, insurance is a BS industry, but liability coverage on moving vehicles does make some sense.
That's wild that you don't need to insure a literal ground rocket. It's not so much the bike itself but the damage it could cost to others if it crashes into something or someone.
I'm more worried about damage to me lol very rarely do bikes cause damage to others it's usually the bike and rider that are most in n danger
ride into a Porsche and see how the bills rack up
Until you launch that fucking thing into another bike, a pedestrian or cause a car to crash, it’s absolutely not statistically impossible for an asshole on a bike to destroy other peoples lives.
On another thread in here someone was talking about how an idiot from his school crashed his bike going 160 bald eagles per bullet into the back of a truck and killed 2. These things are rockets on wheels.
"bald eagles per bullet" is one of the best "freedom units" type joke I've ever heard. Nice alliteration too. I'm stealing that, thanks.
Also how many times do you see some chucklefuck squid take a group of riders out because they wheelied on a public street like an idiot. You’re sort of asking for this to happen by riding in a group anyway, but you see this kind of shit or hear these stories all the time. This idea that motorcyclists should be exempt from rules because they only harm themselves is such a shitty selfish juvenile take.
Only for motorcycles, does not apply to cars.
I'm in Florida, I'm running 1100cc, and insure for $160 a year, full coverage 0 deductible.
Why are you saying that lol. Insurance is not required in Florida for motorcycles.
It not being required and saying “we don’t really insure bikes here” is a chasm of a difference lmao
Yeah and anecdotally most riders i speak to around here don't. So it's still accurate. To the point where most cops assume you don't have insurance and don't even ask you.
Jesus christ America, get your shit together
The loans on my bikes are under 3% so that's basically free money, I'd rather not cash out investments that are earning more than that to buy them outright, and full coverage for the most expensive one is $230/year. That insurance quote is telling you you're in a demographic (age, area, other factors) that is very likely to total that bike, that's why the cost is so high.
Exactly. My Speed Triple is financed at 1.9%. Since buying it this time last year, my investment account has grown by about 15%. I would have lost out on a couple thousand dollars in potential investment gains if I paid cash for the bike. Then again I only pay $600 a year for full coverage, so the math works out for me.
My rebel 1100 was 0.9% financing. I was literally being paid at that point from Honda. You are better off financing and putting the money you would have used into basically anything else in this situation. Financing makes sense depending on the factors. Other times it does not. Also I'm never not getting full coverage on any of my bikes so that's a moot point.
1.9% ?! I looked two years back, it was going to be up to 20% for a bike! And that was before interest rates went up. I just got around to buying one from a friend, so I used redraw from my mortgage, that being where all my cash goes, still 6%
The 1.9% was a manufacturer special, not a normal new bike loan from a bank. Triumph has had a hard time selling the Speed Triple 1200s and they were incentivizing them like crazy last year to get the unsold 22s off the floor. It's the best bike I've ever owned so it worked out great for me.
Interest arbitrage is not the usual case though, most people who finance bikes do so because they can not afford to buy it outright.
As somebody who was a dealer for a long time. That is true for cars, not bikes. Most people who finance a new car cannot afford the car so they get a loan. Most people who finance a new bike can afford to buy it outright but would need to pull money out of something else to do that. Either their return rate is higher than the interest or it would mean pulling from an emergency fund.
This guy knows how to money
Same thing here. Got my CBR for $9000.00. Had cash but they just wanted to check out financing, financed at 2.9%. Threw the $9000.00 in investments and over the last 3 years I made 40% on the 9. Now to find a Fireblade
I’m 24 M and in NJ, never been in an accident or have any tickets have been riding and insuring my bike since 2020. My first bike was paid for cash and insurance on it was only like $400 for a whole year. Last year I bought a new Triumph T120, financed, and it’s only $700 for a whole year… with good coverage too… like I have extra stuff on there… roadside, full coverage, low deductibles, higher liabilities and all that… and through progressive. I also bundle it with my auto, and took a BRC course so I’m not sure if that affects it by much. Just not really sure what you mean by you don’t insure your bike in Florida, don’t you guys get hit by hurricanes every year and don’t you worry about anyone stealing your bike?
Sweet smurfy jebus. My full-coverage policy is less than $250 a ***year***. Even when I was in my 20s insurance was expensive but not *that* expensive. Holy shitsnacks!
You and your bike are in a demographic. As a fifty something with a few decades of riding, I'm paying $600/yr for full coverage on a VStrom 1000 and an FTR Carbon.
I’m just gonna say it: have you considered not buying a liter bike? Granting I just ride a little Rebel 250, but good insurance costs $116 per year (just went down from $121–such savings!). Maybe a smaller bike that doesn’t signal that you’re probably a dangerous rider might do you some good? (Whether liter bikes ought to signal that or not, based on insurance pricing, I’d say they must.) It’s better to ride a small bike fast than a big bike slow.
Yeah, I got quotes for a 600 when I was new rider and they wanted $4k a year CAD. Decided on a 300 instead and pay $120 a month now.
They would have wanted $10k for a liter bike. At least that's what they wanted when i was considering a liter vs a 600.
Yeah I pay like $23/mo for my W650 and I'm pretty sure it's full coverage (it's been so long since I set it up that I forgot honestly). They're looking at more insurance than I'd be paying for a literal Corvette Z06 or Mercedes S600, and that's with the effective \~3 year gap in insurance on my record since TX considers bike insurance the same as boat insurance instead of car insurance. I'm guessing OP is <25 if not even <20, buying a newer bike. I went and tried it on progressive (where OP's looking, they're who I have currently so I recognize that layout) and they're getting a quote close to what I get for full coverage on financing a 2024 Kawasaki H2 ($705/mo, $9130/yr). But if I step it down to "just" a 2020 CBR1000R, even going with their "Plus" protection with even more coverage (including medical) I'm only at $140/mo. Everything about this screams "I just turned 20 and want a leader bike because my friends have sixhunneds"
Yup. He's probably 18, and wants a brand new Liter bike. That's the only way you get a rate like this.
I had a rebel 250 in Florida around 2016. I was 18 and my insurance was like $32 a month
Weird how the only people who seem to say this ride 250's, lol Hunting for 7th gear is the worst feeling in the world.
My insurance is nowhere near that. You must be a teenager or early 20s with less than 5 years riding experience. Buy all my bikes cash. 33m been riding 13 years. Have a liter super bike and more. Pay to play at your age and exp. I don't understand why you wouldn't insure your motorcycle. That's just insanely stupid to me. I had a CBR1000RR Repsol lifted and I got a check.
>I’m in florida so we don’t really insure bikes here Guys, this might be the dumbest thing I've ever seen posted in /r/motorcycles. OP is apparently buying a bike so expensive he can't pay cash, and is bragging he wouldn't insure it otherwise? WTF? OP is doubtless also leaving out some other key facts, like his driving record and age. Liter bikes have crazy insurance rates FOR A REASON.
This screams a twenty-something on a leader bike.
germany, i ride for 5 years. my 125cc insurance, like 50 bucks per year my 500cc insurance like 75 bucks per year
Dude what bike are you getting? I have a 1994 Honda Shadow AND a 2007 Yamaha Virago and my insurance is $75 a YEAR. When I see these posts about insurance it absolutely blows me away
Have you insured motorcycles in the past? Insurers are getting pretty tired of guys on full fairing liter bikes phasing through minivans full of kids at 180mph, so unless you have a long, clean record of insuring motorcycles, they're going to be giving you fuck-off quotes.
>I’m in florida so we don’t really insure bikes here maybe the folks you hang out with don't. anyway, something about you+liter bike is telling progressive that you deserve the middle finger. try another company, or another bike, or possibly avoid massive speeding tickets
What does your driving record look like? Looks to me like They gave you a number that they KNEW you wouldn’t pay.
"I’m in florida so we don’t really insure bikes" I thought this was CRT for a sec
mighty offer ink many sip knee workable selective disgusted divide *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
In Portugal I'm paying 90$ a year to insure my Harley-Davidson Sportster S 2024
Just get theft and vandalism protection it’ll cost you a lot less
And here I was mad because I pay 500 a year for full coverage
I’ll be honest….. this seems LOW given your age and the type of bike. Your chances of crashing it are extremely high, as are your chances of injuring someone else. It’s shocking they will cover you at all.
Fucking hell dude. I was quoted $2700 for an R6 I was looking at which felt outrage to me. Granted you’re looking at a liter bike, but $7600 is totally insane. At that price it may actually be worth getting liability and just eating the cost of any damage you do to it. You’d probably save money that way.
A buddy of mine bought a new 636 and put it on his parents insurance and pays them for it. He pays around $1000 a year.
> I’m in florida so we don’t really insure bikes here huh?
I went to buy a Ducati V4S naked, 10.23% interest, and 3,300 a year for full coverage. Cheaper to lease a Tesla 3.
I pay $150 for the year from progressive
Get an insurance agent. They will shop the best rates for you.
Well, some of this goes to one's driving and financial history. https://preview.redd.it/imlhvzgxkl3d1.jpeg?width=498&format=pjpg&auto=webp&s=119980990c0a5fad080e9823dbe59b8986ec3b6e My insurance on my 2022 Triumph Tiger 900 Rally Pro, on which I financed a little over $20,000, is less than $400 a year. My financing rate on this bike is far, far lower than the current rate of inflation, meaning that at the end of the day, I'm coming out ahead by financing, not behind. I also could get much lower insurance with another insurer, but from personal experience with a car accident my kid had that State Farm will follow through with what they say they will do, and won't dick around arguing trying to get out of paying.
Your whole perception on this is kinda outta wack. Yes of course it's going to cost more to finance! That's why they want you to finance! It's literally where they make most of their money! You absolutely will save every time you don't finance unless the APR is very low and you're able to make more on the money spent by putting it into a CD or high interest bank account that makes more in interest. In Florida ppl don't get motorcycle insurance because you buy the bike outright?! This is dumb, you buy insurance in case you get in an accident and end up in the hospital with medical bills, or worse you wreck and are at fault for seriously hurting someone else or property damage!
Get a used bike off fb marketplace. My buddy has a cbr1000, mid 20's, and pays like $15 a month for insurance. I got a gsxr750 and pay about the same.
Mines 300$ a year.
I mean, most of us aren’t paying that much for insurance. I’m insuring two new cars, a modest home, a houseboat, and a motorcycle and it doesn’t cost me nearly as much as that for all of them. And bike loans are at a lower rate than the return on any of the accounts I’d take money out of to buy a bike. So it makes more sense to finance for me. And I’d be getting full coverage insurance anyhow so financing it doesn’t change what I’d pay to insure. So, that’s how we justify it. You’re either very young or very high risk or both. Your insurance quote isn’t representative of normal.
My fully insured road glide and pan America, cost me about $95 a month through progressive. But I’m 42 with 21 years of riding experience and no tickets in the past 10 years
Man, people give our public insurer a lot of crap, and a lot of it is justified, but at least it's *dramatically* cheaper than this.
I just bought a new Aprilia Tuono 1100 V4, financed part of it, and have full coverage insurance for $42/month through State Farm. I’m 43 male, no wrecks or tickets in Oklahoma. Weird thing is my 2023 Z900 is $56/month. I have no idea why a much faster, more expensive Italian Super’ish bike is cheaper than a Japanese street bike, but I’ll take it! It’s really worth shopping around from time to time for new insurance to keep your rates down.
You know those 18 to 20-ish postings videos of them riding at 186 mph? it's their fault. 39 here, Rebel 500, I pay $90 a year
wtf kind of quote is that? did OP spend the last 10 years getting duis and committing vehicular homicide on repeat? that's the only way this could possibly make sense. also i pay under 100 bucks a year for insurance
My monthly bike insurance is like $40. R1250GS
I've received quotes on several bikes, the highest for a 1200cc bike was $25/mo for full coverage (no medical tho). Lowest was around $19/mo for a 700cc bike.
Full coverage with ~$500 deductibles on my FJR1300 plus liability only on the Ninja runs me about $500/yr here in Pittsburgh, but I'm 38 and have been riding/M licensed since I was 19
I pay a little over $800/year for full coverage through Progressive. That's for both of my bikes... So like 400 per bike. Maybe don't buy a liter bike. Full coverage isn't dumb. It sure was nice when I hit a deer on my Dyna and I wasn't out $13k. Maybe you're rich and DGAF but I'm not.
Not sure how this is even possible, I’m riding a 2022 Triumph Street Triple RS, I just turned 25, and I don’t even have my motorcycle license (just permit) and my full coverage insurance is $88/month. (Same as it’s been for 2 years)
I have Progressive here in NY, full coverage on a 2018 Honda Rebel for $75 a year. We also have a moped that my wife rides, that one is $17 a year full coverage. I'm 41 and she's 39, both with clean driving records for over 15 years.
My insurance is £160 per year for two bikes.
Florida is quite possibly the second worst place to insure a supersport in the states. 1st place is shared between cities on the Southern border. In most other areas, the cost can be "reasonable" (read that as not as bad but still terrible compared to literally any other type of motorcycle).
"Don't really insure bikes here" are you stupid? Gotta be a kid
Just get an old bike. In 2003, My first bike was 20 years old, and insurance was 33 bucks a month. I bought a then new vtx1800 and the insurance shot to 200 a month.
What bike is it for, how old are you, and what kind of driving record do you have? Edit: if you're a male under the age of 25 with a shit record and you're trying to insure a busa that quote makes sense.
Turbo busa time?
I mean might be the liter bike depending on your age and experience, but the two in my flair have full coverage and I spent $432USD for the year in Arizona
I financed my H2. 4.5% intrest. 18.5k usd bike ends up at 19.8k after 5 years. Those 20k I don't drop straight for the bike work and generate more than 4.5% in crypto anyways, and its easier to get money from insurance when there is a lien on the bike with debt. If I total the bike, the insurance is forced to handle every penny, but If i bought it straight cash there would be a harder time for me to liquidate the real price of the bike. Then there is no ifs or buts about it. Insurance is 40 usd a month, or 480 usd a year for full coverage. If I drop my bike its 200usd for new fairings. Even the engine and train have full coverage. If the supercharger goes boom i get a new engine. I feel like the USA is so fucked when it comes to dealer markups, finance and insurance. My 22k bike costs me 480usd a year to insure. Its a easy choice. Even if I did buy the bike out right I still would have full coverage on it as its just 20 usd more a month, so if I wreck my bike I still get a new one if I am at fault.
But the commenters are right the demographics are insane in a lot of places here. I don’t really plan on riding here in florida I plan on moving to a different state but the amount of traffic in this area is insane and I could understand a higher premium. But i don’t understand where a lot of these numbers come from. My gf for example has no accidents,tickets, claims, or anything and she pays $400 a month for just liability and no total loss coverage on a car from 2011🫤.
Florida is insane with insurance across the board. Car went up 50% last month for no reason. House jumped up $175/month for no reason. Fuck this state. I’m out next year
I’m getting stuff in order. Me and my whole family are leaving the state hopefully within the next year it’s insanity.
Just start on a less costly, smaller engined bike. Even though I hope you will never crash, it happens and paying for a bike you can't ride on anymore sucks. I am a Euro guy so I never understood financing your car/bike. I get that you build up your credit score (somehow) but the risks always seem too high for me.
"We don't really insure bikes down here in Florida" 🤦♂️, and yall dont wear helmets either, the 2 absolute bare minimums to swinging a leg over a street legal motorcycle.
Insurance is a scam. You should get at least half your money back at the end of the year if you don't claim
What you are missing is that your insurance quote is extremely high, even for the liability. I pay about $400 a year for full coverage.
I’m 33 and have had 4 bikes with my insurance and when I bought a new bmw liter bike they said 7k insurance too. Soflo just sucks for anything. Car insurance is crazy as well.
Check Dairyland Insurance if they insure in your area! Geico is sometimes good as well.
Geico was half of everyone else for me
Got my first bike in florida, Volusia county. I was 25. It was a brand new ninja 650. Think my insurance was around $50 a month. I've also never filed a claim, and I have a 1k deductible on all my vehicles.
I'm gonna be 10000% honest I've got liability only. If it eats shit so be it. Despite my clean record and me being 27/28 my shit was still high in Texas.
Holy fuuuuuuuuck
Wrinkles... I speed, but get no tickets. I insure a bike, $60 a month. There are the occasional wins when you age.
That's insane. I've got full coverage on a Harley, and a newer truck, plus liability on another 2 vehicles and pay a tenth of that. Age, how long you've had a motorcycle endorsement, motorcycle rider courses and driving record all make a big difference.
Mine is $59/month for both of my bikes and both full coverage (which is overkill for the KX cause collision is unnecessary for a dirt bike) Edit: for reference 28M living in Davenport FL
Pretty typical quote [for many areas of the country](https://cdn.howmuch.net/articles/average-cost-motorcycle-insurance-MAIN-54ea.jpg). A little high nationally, but you're going to see similar rates in most states based on your bike choice and demographic. Might be able to go as low as $4000/yr in a place like North Dakota or some shit. I know it's not what you want to hear, but ffs... listen to the advice you're getting: we're speaking from experience. A liter bike is a terrible choice for *you specifically* both financially and safety wise. Get a triple like a Street or MT09 if you're dead set on something bigger than a 300/400. The insurance will be WAY lower, the bike will be lighter and more nimble, and you'll still have **gobs of power** that you won't know what to do with. After a brief stint on a Rebel, I started on a 650. I don't regret it one bit. Love and miss that fucking bike.
I bought my bike with a 0% interest purchase credit card. Literally free money.
It will go down after the first year but that’s insane.
Because I financed my bike for very cheap (doesn't really cost me to finance it), and insurance didn't punish me for it. My insurance is $60 a month. Not all of us are in your position
I was paying $230 a month with geico and switched to dairyland now for $100 a month. You’ve gotta have tickets or accidents or something that is jacking up your rate or the bike is super expensive or something.
that's normal for buying a new liter bike. i'm assuming you are 18-25 and want to buy the fastest motorcycle you can own, insurance companies know that typically that group is not concerned with safety, or following laws. And they have a bunch of claims on bikes so the price reflects. Everywhere u look for full coverage will be that much about
My insurance full cover is like 200€ a year for a naked 900, wtf 8k almost you have to pay
I had no idea insurance was this high! What are the factors? I'm in Florida, +25 years old, cleanish driving record, and my Ultra Limited ($25k) is less than $900 a year to insure. Recently moved to a different county and the price went up $50 per year.
Location is very important. Insurance companies charge you based on your neighborhood, town, county, state. I moved from a college town in AR to a backwoods town in LA and my insurance on a 2014 Malibu (in 2017/2018ish) went from $187 monthly to $550 monthly. I hate to say it but I went without insurance... My car note was $310, 0 accidents, 0 tickets, 22-23 years old, 0 insurance claims etc. The other thing they look at is your credit score... My credit did drop in between the first 2 years I owned the car and my move to LA. made all my car and insurance payments mind you, but I had 3 credit cards I had stopped paying for a 3 month period because I got fired for falling asleep at work. Why would anyone pay 1.5x their car note for insurance?
It makes absolute sense if you know what you are doing. I have seen manufacturers offer 1 and 2% rates many times. I have a good amount of money invested at 6%. Why would I use that to buy a bike with cash? And I'm old enough and don't buy inline 4 sport bikes so it doesn't rape me for insurance if I finance.
“ I’m in florida so we don’t really insure bikes here” Says who?
"so we don’t really insure bikes here" Right. /s How about a bike you can afford instead?
That’s the “fuck you we don’t want to insure you” rate. I financed a bike and my insurance was about $20 a month as a new rider with no experience. Something in your driving history or demographic is telling them to steer clear of you.
How old are you and what is your driving record like?
I got basically the same quote. It was $120/year for minimum insurance, or $6000/year for comprehensive theft insurance on a liter bike. I just paid cash instead to avoid needing comprehensive insurance.
Meanwhile I pay 45 EUR for a whole year, these quotes some of you post here are unbelievable
What are you talking about? I'm financing my new 2023 motorcycle and I'm only paying $475 a year for insurance. Full coverage, even covers uninsured motorists, roadside assistance, etc. 2023 Triumph Bonneville T100 for reference. Insurance depends on multiple factors, not only financing vs owning.
Lots of factors. Age, age of bike, driving history, tickets, cc’s, location. It has definitely gone up in general though. In the early 2000s as an 18 year old, you could have a 600 cc sport bike for around a grand a year fully covered. I’m 38 now and have a Kawasaki 900 for $1000 fully covered.
Lol, Jesus fucking christ. I don't think they want your business. If you wreck your bike, what are they gonna do? Buy you a used accord? Try dairyland.
Try Foremost Insurance, they're the sister company to AAA. I tried all the big names and some local one's too, couldn't find a quote for less than 3k/yr. I'm currently paying $70/mo with Foremost.
I live in NC. I have financed 3 bikes (I don’t recommend but I wanted them really bad at the time). All 3 times I only needed liability insurance to leave the dealership. I never paid more than $15 a month for that. First bike was a 5 year old used bike, second was a brand new R6, and the third was a brand new FZ09. In my state the minimum coverage was just liability. You can say what you want about the risks of only having liability, but to get the minimum to leave the dealership and then shop around for coverage after, it works. I suppose a 1000cc bike that has more crashes on record will cost more. But in 2014 my brand new R6 was $13 a month. And as a side note. Your insurance cost won’t really change by not financing, you are paying for total loss of the value of the bike. If the insurance company says the value is $12k, it’s 12k even if you pay full cash to the dealer. Your insurance rate will be the same regardless. It’s based off the bike value, crash statistics, and what type of coverage you want.
dats crazy i pay 120 a month for full coverage on a s1000rr
Find a local agent, they should be able to give a better rate. That being said, there's tons of factors involved so your milage may vary
In central Florida and pay $156 yearly for a 2023 Street Glide and a 2021 CanAm Ryker for comp/col. My son (26 with a clean driving record) pays $200 for his Yamaha road star warrior but was quoted $1800 for his Aprillia RSV4. Interesting: My Harley alone was $160. When I added my wife’s Can Am, it went down $4.
> I’m in florida so we don’t really insure bikes here That only applies to idiots with no money.
Who the F allows bikes on public roads without insurance? And what kind of fool would even do so if allowed? Do you just say "oh well I'll just take the chance that family sues me and takes everything I own if I kill their kid on the road"? What happens if you are someome with nothing other than a old paid for bike and you kill someone, you're able to effectively say "F them"? What happens if you kill yourself on the bike and you have a family depending on you, you just say "F them"? This just boggles my mind... I went with crazy high coverage and it's all of $31/mo....what are we doing here?
I've seen the same thing every time Ive looked at insurance for a bike in FL. To get any type of decent coverage, I'm payinmore than I paid for the bike every 1.5 years. And the one time I got basic coverage for like 96/yr. They kept calling and writing asking me to pick up full coverage and I constantly declined. Next bill came, and it was for $145. For the month. Called immediately, canceled. And they tried saying that I needed this insurance for this reason or that reason. But I told them flat out, I paid $1700 for the bike. I'm not paying $1700 every year in case something happens to it.
'I’m in florida so we don’t really insure bikes here' what??
for insurance is wild