beansbaxter
Needs a life
Posts: 5911
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posted May 20, 2002 09:08 PM
URGENT!!! NEED INSURANCE - Any good deals out there??
I just got my new 12 over the weekend...but where can I get cheap insurance for it? Every quote online is killer high. I have no tickets, I'm 23, so what do I do??
The bike is paid off, so insurance isnt required by any lender. But what do people do when it is required?
I live in Washington State, and thank goodness no insurance is required in our state. But if anything ever happened, insurance would sure be nice. Plus I need to travel outside the state.
Any help here would be greatly appreciated!!!!!!!!
   
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zx12zx11
Expert Class
Posts: 471
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posted May 20, 2002 09:31 PM
One word Statefarm.
They will not insure just a bike you must have a car with them also. I pay about $230 per year. Im 32 single with one ticket.
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ZHooligan
Moderator
Post Whore Extraordinaire!
Posts: 3829
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posted May 20, 2002 10:24 PM
For some reason the 12 slips through with State Farm. I have heard that this works with All State also. But I know for certain with Statefarm.
____________
To those who do not count their life in years, but in how life
has touched them in the past and how much it can hold in the
future; -- Youth is forever.
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jimp
Expert Class
Posts: 291
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posted May 21, 2002 02:57 AM
Geico Cycle Guard
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pat830
Expert Class
Posts: 135
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posted May 21, 2002 04:35 AM
Allstate knows about the 12.
They would prefer not to insure it, and if they do, be prepared for extremely high premiums.
Go with State Farm, Liberty Mutual, Farmers, or the like that want you to insure your automobile with them also. These companies usually insure on engine size alone.
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beansbaxter
Needs a life
Posts: 5911
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posted May 22, 2002 04:34 PM
bump
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redelk
Moderator
Please... speak to the hand.
Posts: 3212
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posted May 22, 2002 04:54 PM
I got my State Farm renewal and it reads like this....
2000 Kawasaki 1200CC Class 1A0S000
Coverage from 5/23-11/23
A Liability Bodily Injury 50/100, Prop. Damage - $64.60
D Comprehensive ($500 Deductable) - $38.00
G Collision ($500 Deductable) - $106.80
U Uninsured Motor Vehicle, Bodily Injury 50/100 - $13.80
U1 Uninsured Motor Vehicle, Prop. Damage 25K - $1.80
S1 Death Indemnity - $4.00
T1 Total Disability - $6.40
Amount due - $235.40 ($470.80 a year)
I don't carry medical coverage since I have BC/BS. I just switched my house over to State Farm (saved $$$). I had just my bike with them for almost 6 months before I gave them the home insurance. No car or life policies.
Here's the catch... I'm 43, clean record (they claim they don't check the DMV after the policy is issued), live in Little Rock, AR and no motorcycle related claims. The baring factors seem to be my age, location and driving record at the time the policy is issued. A higher deductable amount can really reduce the costs. A $250 deductable would have added a couple hundred to the annual cost.
We I first got the 12R, I had one ticket (w/ 2 or 3 violations) and the cost was almost double ($835 a year). After the first six months (the ticket dropped off my record), I had them review the policy and it's been $235.40 ever since.
The only suggestion I have is don't call just one State Farm agent. Call around until you can find one that will work with you. When you find one, send all your buddies there. They just might look the other way when you make a claim or get a ticket.
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There are only three sports: bullfighting, motor racing, and mountaineering; all the rest are merely games.
-Ernest Hemingway
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beansbaxter
Needs a life
Posts: 5911
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posted July 29, 2002 10:10 PM
I CANNOT GET INSURANCE FOR MY 12, which sucks!
Geico says because I live in an apartment complex, the bike isnt "secure" like it would be for a house.
State Farm has a freeze on accepting new customers right now in my region.
Progressive wants $3800 for one 6-month coverage plan....ouch!!
My driving record is clean, what's a guy to do? I'm 23, have taken safety and advanced courses, riden for about 7 years now. Grrrr....what do I do?? Is the age thing really going against me?
I live in WA state, where no insurance is required, but I'm paranoid something might happen, the bike might get dumped, knock on some wood. Help!!!!!
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jason370
Zone Head
Posts: 589
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posted July 29, 2002 10:20 PM
i have just liability with progressive, 150 bucks a year, colorado, 32years old and clean record.
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'02 ZX12 black/gold
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beansbaxter
Needs a life
Posts: 5911
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posted July 29, 2002 10:24 PM
I think its this 23 years old thing that is killing me since my record is clean. I guess the next biggest drop isn't until I turn 25. Grrrrr......
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jason370
Zone Head
Posts: 589
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posted July 29, 2002 10:25 PM
i had a zx11 at 25, paid like 150 for just liability
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'02 ZX12 black/gold
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wendell
Parking Attendant
Posts: 7
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posted July 30, 2002 05:14 AM
Just curious beans, where did you hear insurance isn't mandatory in WA? It's a law to carry liability the last time I checked.
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redelk
Moderator
Please... speak to the hand.
Posts: 3212
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posted July 30, 2002 06:32 AM
State Farm has a freeze in your area? I wonder if a SF agent outside of your area could write a policy? I'll be talking to mine today and I'll ask.
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There are only three sports: bullfighting, motor racing, and mountaineering; all the rest are merely games.
-Ernest Hemingway
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zx12richard
Pro
The Green Monster..
Posts: 1133
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posted July 30, 2002 06:39 AM
318 a year full coverage State Farm.... Isn't that two words,.....LOL
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wannabe
Pro
Posts: 1931
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posted July 30, 2002 07:14 AM
State Farm is great. It's the only insurance company I know of that doesn't care what kind of bike it is you're trying to insure. They just insure the bike based on displacement. Just like mentioned above, they only insure your bike if you hae a car policy with them. I'm 30 with a clean record, and I pay $235 per year for my 12.
Good luck.
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"There are only three sports: bullfighting, motor racing, and mountaineering; the rest are just games." - Ernest Hemingway
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beansbaxter
Needs a life
Posts: 5911
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posted July 30, 2002 10:53 AM
quote:
Just curious beans, where did you hear insurance isn't mandatory in WA? It's a law to carry liability the last time I checked.
WA State does not require insurance on motorcycles. I promise. I've been riding here in WA for a good 6-7 years now, and the laws havent changed. Helmet is required though.
No if I drive 8 miles across the border into Idaho, no helmet is required, but liability insurance is.
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beansbaxter
Needs a life
Posts: 5911
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posted July 30, 2002 10:55 AM
And for the record, I want full coverage. I'm scared one day I'll wake up to find my 12 missing from my parking lot out front (I live in a college town). I would think I would be able to get full coverage, with a $500 deductable, at a reasonable rate. Poor me.
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zx12rpilot
Expert Class
Posts: 120
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posted July 30, 2002 11:12 AM
State Farm. 2002 12r 260 yr full cvg. I thought they were kidding at first...
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redelk
Moderator
Please... speak to the hand.
Posts: 3212
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posted July 30, 2002 12:25 PM
Just spoke with my SF agent. A SF agent can not write policies that "cross state lines". Like an AR agent writing a personal vehicle policy for someone living in WA. She also said that SF has put a "freeze" on a wide range of policies and it varies from area to area. There is no freeze on vehicles here, but there is on commercial building and workman's comp policies (the reason I was calling).
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There are only three sports: bullfighting, motor racing, and mountaineering; all the rest are merely games.
-Ernest Hemingway
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DaveInDaytona
Pro
Posts: 1696
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posted July 30, 2002 12:32 PM
I'm with Allstate now and got the notice a couple of months ago about the surcharge so I went shopping.
I went into a State Farm office and they could save me a ton of money IF I put all my other stuff with them so I said ok, give me a quote.
Their quote for the total of my truck, bike, and house was higher than Allstate even though Allstate charges me 3X the State Farm bike rate. I've been an Allstate customer 18 years, guess I get a discount on everything except my bike.
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DaytonaSportbikes Forum
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ddpete3
Pro
Posts: 1189
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posted July 30, 2002 01:07 PM
I'm with state farm, 30, car, renters and earthqucake through them. my bike ins. is about 450 a year.
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My name is Doug, damnit!
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redelk
Moderator
Please... speak to the hand.
Posts: 3212
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posted July 30, 2002 01:28 PM
Dave, call another SF agent. Mine took my bike without any other policy. I have since moved 3 cars, my trailer and my house. All AFTER they had my bike for six months AND reduced my bike insurance rate when my ticket dropped off (as they promised).
My agent says that it isn't SF policy to not take bikes only, but it is a common practice among their agents. My agent has wisely chosen not to be like the rest and she has worked it out to where she's one of the biggest bike insurers as well as scoring everything from life to home policies from the insured riders.
You just need to find an agent who's a tad more agressive and willing to take a risk. After all, you know me and you can't say that my agent wasn't taking a risk, huh?
On the flip side, 9/11, wild fires, buniness failures and so on, have put a big hit on the insurance industry. Many companies have changed what they will write policies on and have jacked up the rates on folks that have not had any claims. In other words, the rules have changed. Not just for bikes, but like I have discovered, homes, life and business as well.
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There are only three sports: bullfighting, motor racing, and mountaineering; all the rest are merely games.
-Ernest Hemingway
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beansbaxter
Needs a life
Posts: 5911
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posted July 30, 2002 03:49 PM
Hey redelk...can you give me the name of your insurance agent, and a good phone number or email as well. It would be appreciated if she could help me out. Whom shall I say referred me?
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redelk
Moderator
Please... speak to the hand.
Posts: 3212
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posted July 30, 2002 05:18 PM
That the part that sucks, there's nothing she can do for you. She can't write any out of state policies and I doubt that she even knows what types of policies (car, home, business etc.) are under a temporary freeze, besides here in Arkansas. She says that many of these "freezes" will be lifted 01/01/03.
Hell, I'm dangling the "carrot" of all our business insurance (vehicles, buildings and workman's comp) in front of her and I am NOT even looking for a lower rate. There is little she can do for me till they lift the area freeze on business building and comp policies.
Farmers is currently fucking me over a small claim on our company truck by using "used" (read: salvage yard) parts in critical steering and suspension areas as well as the delays because of it. I should have had our truck back 2+ weeks ago, but the body shop has got so many parts that were defective (i.e. 2 wheel & hub assemblies and a steering knuckle) has kept tying the repair schedule up. I have personally seen their "collection" of crap parts.
The adjuster had the nerve of telling the body shop to install an obviously defective knuckle because the salvage yard said that they'd warranty it for 90 days. Yeah! What fuckin' ever! Thirty years we have been with them. We also exposed a insurance insurance scam the other car's driver was trying to pull. Without our calling them first (they didn't even know it was going on), they would have been paying out thousands in personal injuries for an individual that WASN'T EVEN IN THE DAMN CAR! Cost be damned! I want SERVICE!
Of course I am aware that most insurance companies force the use of aftermarket, remanufactured and even used parts in auto repairs. In some aspects, I don't even have a problem with it when talking about our 11 year old company truck. I might if it were a Lexus or something like that. That is if we were talking about a door or a trunk latch. NOT something to do with the steering!
State Farm used to have a similar policy on using "used parts" until they lost a class action lawsuit a few years back. Now, it's only "non-wear" or "non-operational" parts that can be "used". Bumpers, doors and such are still okay. Engine, drivetrain, suspension and steering parts are not. They can be "remanufactured" (i.e. CV joints) or "aftermarket" (suspension and such), but if no such version is available, new OEM parts is the only other option in these areas.
Since the steering knuckle the body shop got was all wallered out, the CV joint would not fit properly and neither would the hub and bearing set. When one of these other parts failed due to the knuckle, Farmers and the salvage yard would blame the body shop's installation and tell me tough shit. That is if I survived the accident it could have caused. FUCK THEM!
It's been a month now and we still don't have our truck back from a claim that totals a mear $1700! It might be another week before we see our truck. It took almost four days to get a claims supervisor down to the body shop and agree that the part was bad and we could use the new OEM part. BTW, the new part had already been sitting at the body shop when they called Farmers adjuster the first time! The just wanted to save the $250 difference between the new vs. old part. Did I say FUCK FARMERS? Well.... FUCK FARMERS!
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There are only three sports: bullfighting, motor racing, and mountaineering; all the rest are merely games.
-Ernest Hemingway
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DaveInDaytona
Pro
Posts: 1696
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posted July 30, 2002 05:46 PM
I've been to a few and called a few Red and they all had the same story, but just may try a few more. I had a discussion about the Allstate banned bikes list with my sister who is some business marketing person for Allstate and has been with them for years. She tells the story of how and why they do certain things, not to say it's right, but just to let me know how the company thinks. She even told me to go to check out State Farm if Allstate wasn't making me happy on the rates because she didn't think going to a discount place and getting discount results was a good idea and State Farm was a good company. (she's a sister 1st, business person 2nd)
She did make one good point about Allstate that I can't dispute it because of what they paid my for my bike. She told me that they pay claims and pay fair, better than any in the industry, because that's the kind of stuff she looks at. Your Farmers story made me think about that. Also you're right about the insurance world changing. Down here a guy named Andrew blew through years ago and we're still paying the price for that. Any way you cut it insurance sucks.
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DaytonaSportbikes Forum
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