EastBayDave
Needs a job
Posts: 2245
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posted February 05, 2003 07:24 AM
help finding insurance
The insurance renewal just came in again. In 3 years my ZX12R w/full/everything coverage has gone from $650yr. to $1400+ a year w/a clean driving record.
Many companies have dropped it (ZX12R) from their coverage lineup altogether (as in "we don't cover that bike cuz of it's high claim rate." Or, "we don't write coverage on that bike cuz of it's top speed ability.")
I've tried quotes from Progressive, Geico, USAA, Bike-Line, State Farm, Farmers, & others (AAA/Allstate don't do it here-NoCA.), & no luck so far. I really don't want to pay over a grand a year, I think it's silly to have to pay that much with my clean record. I haven't made a claim to anyone since 1977', 25+ years...
Anyone steer me to someone who doesn't have their head up their ass on this bike?
Thanks!
Dave
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Enjoy the ride!
02' ZRX1200
00' ZX12R sold
  
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worm~hole
Needs a life
Miles to go before I sleep....
Posts: 10623
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posted February 05, 2003 08:42 AM
...I feel your pain, brutha!...perhaps you could refer back to my 01-29-02 post and check daveindaytona's idea...
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Hells Dark Lord
Needs a life
living life, and loving it.
Posts: 7981
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posted February 05, 2003 08:50 AM
good luck you are gonna need it
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When in doubt, lean farther and go faster....
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eastbaydave
Needs a job
Posts: 2245
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posted February 05, 2003 10:44 AM
Any referral's??? Made a few more calls today; Dairyland, Sentry:"we don't do California." Grrrr....
Who are YOU using? What do YOU pay?
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Enjoy the ride!
02' ZRX1200
00' ZX12R sold
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WARBIRD
Needs a job
Posts: 2739
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posted February 05, 2003 11:03 AM
quote:
Any referral's??? Made a few more calls today; Dairyland, Sentry:"we don't do California." Grrrr....
Who are YOU using? What do YOU pay?
State Farm. You must insure one of your automobiles to get a motorcycle policy. I pay about $498.00 yearly. Full coverage, 100/300/100 (which is extreamly high) $500.00 deductable. If you don't have any luck.........consider dropping the medical coverage off your policy if you have good medical insuance through your work. Only one or the other is going to pay anyway. It will reduce you premium by quite a bit. You can keep passenger coverage if you haul passengers.
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I'd Rather Be Roadracing.
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Scooter
Zone Head
Posts: 899
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posted February 06, 2003 04:40 AM
Just got a letter from Cycle-Direct(aka Empire). stating "We will no longer be insuring motorcycles. As of 4/03 your coverage will expire."  I was paying just over $1100 yr for my 12R, ZRX and wifey's SV650S. Gonna be hard to beat that. Isn't McGraw a good one for Cali? Not available here. Lemme know what you find.
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"Growing old is inevitable, growing up is optional."
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EastBayDave
Needs a job
Posts: 2245
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posted February 06, 2003 05:35 AM
quote:
Isn't McGraw a good one for Cali? Not available here.
McGraw is the best rates & my current carrier. They are who I'm trying to replace; but I've yet to find better rates...
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Enjoy the ride!
02' ZRX1200
00' ZX12R sold
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WARBIRD
Needs a job
Posts: 2739
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posted February 06, 2003 07:03 AM
EastBayDave.............just what was State Farm's response? I also have a clean driving record and find it hard to believe that they wouldn't pick you up in a hurry. You sound very insurable to me, AND my State Farm agent. I am 47 years old, no tickets, dui's (I don't drink  )or accidents. We must be in about the same catagory for risk. McGraw,Dairyland,Progressive,Gieco and others didn't even come close when I went rate shoping. As I said above......State Farm requires at least one automobile be insured with them in order to issue a motorcycle policy. Also....if you have good medical insurance through work, get quotes without it on the bike policy. Hell, you can even get a quote without it on your automobiles, keeping passenger liability of course. It makes a big difference in policy rates.
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I'd Rather Be Roadracing.
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pat830
Expert Class
Posts: 135
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posted February 06, 2003 08:48 AM
 Edited By: pat830 on 6 Feb 2003 08:48
Insurance
quote:
Just got a letter from Cycle-Direct(aka Empire). stating "We will no longer be insuring motorcycles.
I guess they won't be calling themselves "Cycle Direct" anymore. It is a conspiracy against motorcyclists enabled by collusion in the casualty insurance industry.
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EastBayDave
Needs a job
Posts: 2245
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posted February 06, 2003 03:49 PM
HAYAWOODY wrote:
Dave try these guys.... I don't know if they'll cover your bike though, but it's worth a try. I have my Hayabusa with them, and it's cheap...
GMAC Insurance
National General Insurance
P.O.Box 66937
St.Louis, Missouri, 63166
GOOD LUCK!
Thanks for the tip dude! This is by far the best rate I have found yet = only $692 for a full year! I'm going with them as it's the best I've found in 2 months of searching....
FYI, correct # is: 800-847-2886
Thanks again!!!
ebd
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Enjoy the ride!
02' ZRX1200
00' ZX12R sold
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ohitstodd
Novice Class
Posts: 73
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posted February 06, 2003 04:49 PM
I'm glad you scored on your insurance, Dave. However, it is more than a little disconcerting that insurers are dropping certain models of bikes, if not bikes altogether.
I hope that this trend doesn't continue, but I fear that it will. *sigh*
Todd
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RAC4IT
Needs a job
Bergie
Posts: 3009
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posted February 06, 2003 06:13 PM
2000 ZX12R- State Farm $579.60 annual premium, 100/300/100, w/$2k medical, $100 deductible comp, $250 ded. collision. Virginia driver, age 33, married, clean driving record. We also have 2 cars, a trailer, and another bike insured with the same agent. I have a liability only policy on Suzuki 200 enduro; $73.20 per year. The trailer policy is less than $10 per year 
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WARBIRD
Needs a job
Posts: 2739
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posted February 06, 2003 06:55 PM
quote:
2000 ZX12R- State Farm $579.60 annual premium, 100/300/100, w/$2k medical, $100 deductible comp, $250 ded. collision. Virginia driver, age 33, married, clean driving record. We also have 2 cars, a trailer, and another bike insured with the same agent. I have a liability only policy on Suzuki 200 enduro; $73.20 per year. The trailer policy is less than $10 per year
Falls right in line with my $498.00 doesn't it? I am older and have a higher deductable..... same coverage,100/300/100. I also am married with clean driving record, have two cars,1 truck, a trailer and 4 street bikes with the same agent. I find them hard to beat.
Glad you found a good rate EastBay.........What kind of coverage?
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I'd Rather Be Roadracing.
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frEEk
Administrator
ummm... yeah
Posts: 9660
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posted February 07, 2003 01:16 AM
well, altho its gettin old by now, i feel i need to mentioned the BC insurance situation to make u all feel better. including comprehensive (theft etc) & collision, with full discount, about $2100CDN insured for $10,000CDN. Insured for a more ralistic $15,000 (especially if i want to include helmet & leathers etc in the cost), it would be over $3,000 a year, or about $2,000US. and thats with MAX discount, which is about 45%.
having said, that, i'm kinda curious as to how ur setup works. the 100/300/100, what does that stand for? i assume thousands of dollars in liability under 3 different situations? most people here go for 1 or 2million liability, which will noarmally cost u a couple hundred bucks a year. base is $200,000. ALOT of people also get 4M or more, jsut cause if u end up runnin someone over bein an idiot or whatnot, u'r gonna need more than $200,000. collision always covers the replacement value of the vehicle. technically, i dont know if u need collision coverage unless u'r at fualt. i assume the other person's liability ays for ur car if its their fault. the medical side of things isnt an issue in canada of course. insurance has nothing to do with that far as i know. medical coverage is more or less free here. well, if u dont make much that is. a person making over ... i think its about $35,000 a year pays full medicare fees, which is about $54 a month for a single person. nto that that covers the cost of the program. it's all govt funded so it comes out of ur taxes more than anything. as to deductible, u used to be able to pay more to get it reduced, but they just recently went to a new system with a flat deductile of... $1000 i think? kinda high really. standard was $300 before i believe.
anyway, someone wanna explain how the 100/300/100 thing works?
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WARBIRD
Needs a job
Posts: 2739
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posted February 07, 2003 06:59 AM
I am not an insurance expert......thats for sure ......but here goes. 100/....is bodily injury. 300/....is the liability limit. 100/......is for property damage. We were talking motorcycles here, so 100,000 is quite alot for propery damage with a motorcycle. Doubtful to do 100,000 worth of damage to someone's car with a bike.
Maybe someone on here is an insurance agent and can explain more.
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I'd Rather Be Roadracing.
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