blueLIGHTning
Expert Class
Posts: 227
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posted March 28, 2010 09:08 AM
Insurance ripoffs!!!!
Just got my insurance bill for my 06 ZX14 (Ontario, Canada) and it has doubled from this year to last. In 08 I was paying $800, 09 it went to almost $1600 and this year just under $3000. I have a clean record and I'm 46 with 29yrs ride experience. The problem up here is nobody wants to insure bikes period. Bike dealers have been closing up one after another and I know insurance is one of the main reasons cause if your under 25 forget about owning a sportbike, insurance will be more than the price of the bike. To compare how stupid this is I have only liability on the bike for $3000/yr and have my viper fully insured for $1100 a year. Anyone know any companies out there???
  
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Shane661
Needs a life
Posts: 11494
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posted March 28, 2010 09:11 AM
Liability for $3k a year? Mine is about $250....your rates are insane!
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blueLIGHTning
Expert Class
Posts: 227
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posted March 28, 2010 10:40 AM
If you are under 25 its even worse, the dealer I bought my bike from which is now gone, complained that for some the insurance is more than what the bike costs. One 19 yr old who wanted a new R6, his insurance was going to be almost a $1000 more for a year than the cost of the bike. The problem here is I can't get my car company to insure the bikes. The only other insurance company that will insure bikes is State Farm and I hate dealing with them, but everything else will cost more. I have no issue paying for anything that is of value at a fair price but $3000 for liability is abit over the top.
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boxcar
Novice Class
Posts: 35
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posted March 28, 2010 11:07 AM
Call Royal Bank insurance, number is on their website, I'm 29 with an 08 14 and they want $360 for Liability and Fire/Theft or $800 for full coverage.
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gilberjj
Needs a job
Friend of Fast
Posts: 3196
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posted March 28, 2010 11:17 AM
quote:
If you are under 25 its even worse, the dealer I bought my bike from which is now gone, complained that for some the insurance is more than what the bike costs. One 19 yr old who wanted a new R6, his insurance was going to be almost a $1000 more for a year than the cost of the bike. The problem here is I can't get my car company to insure the bikes. The only other insurance company that will insure bikes is State Farm and I hate dealing with them, but everything else will cost more. I have no issue paying for anything that is of value at a fair price but $3000 for liability is abit over the top.
It's not in the best interest of the insurance company to charge a lot for insurance. They want to be competitive in the industry to earn your business. It's not their fault that 19 year olds are stupid and wreck r6's.
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The Red Rebel
Novice Class
Grip it, Twist it, Lean it....
Posts: 37
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posted March 28, 2010 01:38 PM
Wow...I am under 25, have a 08 14 and pay for liability only $500...That little geco is working some magic...maybe...lol
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SixSixoh6
Zone Head
Posts: 660
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posted March 28, 2010 01:40 PM
yep im 22 and i pay just $30 a month for liabilty, on my 06 zx14 with two speeding tickets on my record as of today. progressive baby!!
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2006 ZX-14: Murdered out, in the dirt, extended, sprayed, air shifted, geared--GONE
2009 ZX-14 SE--has two wheels and an engine
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SixSixoh6
Zone Head
Posts: 660
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posted March 28, 2010 01:42 PM
btw, i switched from the little gecko to progressive...
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2006 ZX-14: Murdered out, in the dirt, extended, sprayed, air shifted, geared--GONE
2009 ZX-14 SE--has two wheels and an engine
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LLcooljebb
Expert Class
Upgrade I Must
Posts: 146
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posted March 28, 2010 02:01 PM
 Edited By: LLcooljebb on 28 Mar 2010 22:02
i'm 34 with a clean record and my FULL COVERAGE insurace is $600 a year...State Farm!
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"no time to be void or save up on life
you got to spend it all.."
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The Red Rebel
Novice Class
Grip it, Twist it, Lean it....
Posts: 37
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posted March 28, 2010 02:10 PM
well...the clean record is one thing I wish I had...My initial quote was for $400, but then my record came into play...For some reason I just cant keep my lead foot under control... I mean with a 400 hp stang and a 193 hp 14...how could you...lol
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The Red Rebel
Novice Class
Grip it, Twist it, Lean it....
Posts: 37
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posted March 28, 2010 02:11 PM
btw...I tried to tell the geco that boys will be boys...especially with nice toys and she actually told me that insurance companies will be insurance companies...The nerve of her!!!
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CraigChrist
Pro
BAWLS
Posts: 1043
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posted March 28, 2010 02:48 PM
23 years old in california and pay 27/mo. for full coverage with a 250 dollar deductable. Eat it bitches lol.
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60ft-------1.42
1/8th------5.97
mph-------119
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blueLIGHTning
Expert Class
Posts: 227
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posted March 28, 2010 02:55 PM
Hey boxcar thanks, I never thought about the bank insurance, I will give them a call tomorrow asap!!! Well I know the USA has a lot more companies to choose from, here in Ontario we are limited to only a few willing to insure bikes.
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SixSixoh6
Zone Head
Posts: 660
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posted March 28, 2010 03:22 PM
quote:
23 years old in california and pay 27/mo. for full coverage with a 250 dollar deductable. Eat it bitches lol.
youre obviously bangin a chick that works at an insurance company!!
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2006 ZX-14: Murdered out, in the dirt, extended, sprayed, air shifted, geared--GONE
2009 ZX-14 SE--has two wheels and an engine
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CraigChrist
Pro
BAWLS
Posts: 1043
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posted March 28, 2010 04:27 PM
nah, state farm just thinks the 14 is a sport touring bike lol. I'm also married, so that helps too :P.
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60ft-------1.42
1/8th------5.97
mph-------119
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j-bird09
Novice Class
09 se
Posts: 49
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posted March 28, 2010 04:27 PM
41 years old and 319 full coverage year 09 se
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09se flies out m14 bmc street pcv jeffo map 16t
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SixSixoh6
Zone Head
Posts: 660
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posted March 28, 2010 04:34 PM
hmmm i may need to check out state farm. but i think there ended up being a reason why i couldnt get a policy..hmm
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2006 ZX-14: Murdered out, in the dirt, extended, sprayed, air shifted, geared--GONE
2009 ZX-14 SE--has two wheels and an engine
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bruno nadeau
Expert Class
Posts: 174
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posted March 28, 2010 04:50 PM
1000$ +1410$ for vehicule registration in quebec.09SE and i am 55.
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bruno nadeau
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1badzx12r
Needs a life
Posts: 8321
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posted March 28, 2010 04:51 PM
quote:
Liability for $3k a year? Mine is about $250....your rates are insane!
i kick your ass here 125.00 a year
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http://www.youtube.com/watch?v=S06nIz4scvI
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87gtNOS
Zone Head
Posts: 620
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posted March 28, 2010 05:52 PM
bluelightning, I was with StateFarm ripoffs....now I am with Aviva Traders.
I am 36, with 20yrs of M licence and a perfect record.
StateFarm was $190 a month....Aviva is $100 a month. Full coverage.
I am in Toronto.
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01 ZX12R
07 ZX14 - YEAH BABY!
03 ZX9R-traded in for the 14!!! June 07!
05 636-traded in for the 9 Sept 05
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LLcooljebb
Expert Class
Upgrade I Must
Posts: 146
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posted March 28, 2010 09:17 PM
quote:
nah, state farm just thinks the 14 is a sport touring bike lol. I'm also married, so that helps too :P.
state farm is the way to go! i wonder how much of a discount i would get if i had 4 wives!
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"no time to be void or save up on life
you got to spend it all.."
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zixxer14
Pro
Damn that was Quick
Posts: 1233
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posted March 29, 2010 05:37 AM
If you had 4 wives you'd commit suicide, get real! Oh my insurance per year.....$0, Florida doesn't require bike insurance, maybe a move is in order?
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68gts2
Zone Head
hobbies ( Beating you !!! )
Posts: 927
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posted March 29, 2010 07:00 AM
Mine is 33.11 a month and I am 44 withe a clean record and no wrecks. Chad is boning his insurance agent it appears,or perhaps a military discount.
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Chromed-out,in the dirt 08SE with all the good stuff!!!
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Hellmutt
Needs a job
Posts: 2013
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posted March 29, 2010 07:27 AM
My '08 - full coverage with big limits - $500 deductable - 37 yrs old - married with one child - $700/year on Progressive. That's with an additional $3000 aftermarket coverage
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British flying couch with endtables and an orange thumper
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SLVR_BLT
Zone Head
Chicken Strips!
Posts: 589
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posted March 29, 2010 12:10 PM
Edited By: SLVR_BLT on 29 Mar 2010 20:12
Dang, liability only is quite risky for something your bound to crash or drop sooner or later. I have full coverage through State Farm, i paid $136 every 3 months. That rate is for both of my bikes, the 750 and the ZX14 full coverage. Im 31 w/ clean record. Keep in mind if you live in the hicks butt fuck egypt you'll have real low rates, but if you live in a congested accident prone city of Socal LA like me your rates will be higher.
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2006 Kawasaki ZX14, Muzzy Full Titanium Exhaust w/ Carbon Can, PCIII, BMC Street Filter
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