Triumphrat

macarrison · 07-01-2007, 02:20 AM

I am a 27 yr old female and i have had my license for 1 year (been riding about 3). I have a ninja 250 (scary on a california highway) so I just got a Daytona 675. Problem is I took out a loan and have to get comprehensive and collision on my insurance. My qoutes have been $3,300/year and up. Which is a third the cost of the f---'n bike. Any ideas? McGraws says I haven't been licensed 3 years and won't touch this bike (this is who my ninja is through) and I have tried Geico and Progressive. Help! My insurance is going to cost me almost twice as much a month than the bike payment. I'd rather just pay the bike off. I can't be the only one with this problem.

redl1nerpm · 07-01-2007, 03:04 AM

do you have like seventy billion tickets? At 21, and male (females are by far cheaper and once you hit 25 it drops) my insurance full coverage would be about half that through progressive. I have big deductibles so its much less even. Typically tickets disappear after 3 years. Did you get online quotes or call places? Try state farm? I really find that difficult to believe for a lady of 27 though.. Worst comes to worst you can do a $2000 deductible for comprehensive and collision which is good enough for a bike loan. That should bring it down a lot.

[ This message was edited by: redl1nerpm on 2007-07-01 01:06 ]

FuryFour · 07-01-2007, 03:06 AM

im 22 with 12 tickets haha

and i pay $1k a year for full coverage WITH $4k in after market parts coverage through progressive.....your quote seems a little nuts

Colibri · 07-01-2007, 03:49 AM

You might also try foremost insurance I pay like 600 a year for full coverage at age 21. Altho thats with the usaa discount so not sure what they normall charge.

petesgti · 07-01-2007, 07:26 AM

n/m- I just read that you already tried progressive.

I pay 460/yr through progressive for comp/coll. This is on a Speed Four, but 3300/yr seems rediculous. This was the least expensive insurance around, even less than USAA, who insures my cars. Definitely go online and get some quotes.

PS- I got insurance on my bike the day I got my permit.

[ This message was edited by: petesgti on 2007-07-01 05:28 ]

rustbucket · 07-01-2007, 09:58 AM

A couple of things you might look into that would lower your payment:

- Take a safety course - this is usually good for a 10% discount (I have Dairyland, and they knocked 15% off when I took the ERC). It was also fun - I got more lean angle on the cone course than I do on an average day on the street.

- See if you belong to any groups that get preferred rates through a company. If you're a veteran, member of a union, teacher, member of the AMA, etc, you may get a discount at a certain company.

- Visit a human insurance agent. Sleazy stereotypes aside, they can usually get quotes from a bunch of carriers (some of which you'd probably never think to try). That's how I ended up with Dairyland - they were the cheapest of the 8 insurance companies my insurance agent checked with. There are places the specialize in motorcycles - www.becauseweride.com is good on the east coast; I imagine there's a similar organization for CA.

- Check your credit, and dispute any faulty claims. Bad credit is one of the things that raises rates but people rarely think about when talking about how much they pay.

Diego · 07-01-2007, 05:47 PM

Rustbucket raises very good points. With judicious shopping, you should be able to do a lot better. And these days, credit rating is a lot bigger factor than you'd suspect.

Of course, your location may also be a factor. Companies rate bikes differently in different areas because of local claims records. The words "sport" and "fairing" will almost guarantee exhorbitant rates in some places, where they would hardly raise an eyebrow in other regions.

Will · 07-01-2007, 08:11 PM

John just hit on a very important reason to shop around. My neighborhood is essentially redlined by all insurance companies except Allstate. The other insurance companies think my neighborhood is populated by arsonists, horse thieves, lawyers, and well used machine guns. Allstate thinks it is a bucolic village with butterflies, flowers, bunnies, and stuff like that. You can guess who gives the best rates.

Xavi · 07-01-2007, 10:11 PM

I have Progressive and took a safety course. Got no discount!! But I learned a lot. Better to have learned and not got the discount. :hammer:

macarrison · 07-02-2007, 12:56 AM

No tickets and I have taken the safety course. I did the quotes online so I will call progressive tomorrow to see what they say on the phone. Thanks for the input.