insurance: 2006 AE

[818Guy]

Wow. Got an eye-opener this morning.

I'm looking to purchase a 2006 AE and just called GEICO (who is insuring my current bike) about insurance on the AE.

My rates are going to almost triple: the FJR is considered a sport bike while my current bike (Big Bear Choppers) is a cruiser. I expected some additional cost but triple? (Nevermind the fact my Big Bear costs more than the FJR.)

GEICO has been good to me in the past but I don't know if I should shop around or is this what I should expect moving to the FJR?

Thanks for any info.

 

[Groo]

Try Sentry/Dairyland... they classify it as a Sport Touring bike.

 

[TheAxeman]

Where are you located 818? I am on Long Island in NY and I pay about $520.00 per year which includes collision. When I was shopping it around the rates differed radically from company to company. Some on the board here have suggested giving them the exact CC of the bike as rates are dictated often by engine cc (ie: 1300cc costing more than 1200cc etc...). Also stress the touring aspect of the bike to the agent to see if this helps. Someone else can correct me if this is wrong....

 

[FJRocket]

Geico wanted about 1200 a year here in Indiana.

Dairyland is $585. Full coverage. 100/300

Shop around.

 

[818Guy]

Does Dairyland insurance in California?

Anyway, my BBC was 1600cc so I do know that was a factor, at least with GEICO.

I was quoted $3k/year for the FJR and a scooter I have (both under the same policy). The BBC and scooter was $1k/year for the same policy/same coverage.

I'm at work right now so I don't have the specific policy info in front of me; I do have a $50 ded so I might be able to change some things to bring the rate down.



Edit: Sentry/Dairyland does not sell auto/motorcycle insurance in California.

 

[Silverbullet]

My rates went up 8 dollars per year over my '04 for my AE. Now $270.00 per year, full coverage. I have Farmers, but also have my homeowners etc with them. It's amazing the wild variations these bikes have had in rates. On the '03's maybe some confusion about it's status was understandable, but by now you would think it would be sorted out. I actually pay less for my AE than I did for my '03. Go figure. :glare:

 

[818Guy]

... it's been a couple of hours and I still can't believe it'd be that much to insure the bike in southern California.

Ahhh, I'll call them back and see what can be done.

 

[smokeFJR06]

Geico was extremely high when I checked on my 06A. I checked Progressive too since they advertise that they are the leader in Moto Insurance. Everything else I own is with State Farm and they are charging me $326/yr. I thought that was pretty good since my 03 1100 V-Star was just under $300.

The differnece may have been that I already have policies with State Farm and not the other companies. Still, there was a HUGE difference. If I remember correctly, Geico was over a grand and Progressive was around 500 something.

 

[818Guy]

Progressive is the worst in California.... at least for me.

I called GEICO back and played with some deductible numbers. It made a big difference. Dropped my rate by half... down to around $1500/yr. I can live with that.

Thank gawd. I thought my potential FJR purchase had been shot dead in its tracks.

:yahoo:

 

[FJR Gary]

Been with Dairyland for 4 years. Full coverage on my '06 1300A is $480/yr w/$500 ded.

61 y.o., no recent tickets

 

[JohnB]

Geico was extremely high when I checked on my 06A. I checked Progressive too since they advertise that they are the leader in Moto Insurance. Everything else I own is with State Farm and they are charging me $326/yr. I thought that was pretty good since my 03 1100 V-Star was just under $300.
The differnece may have been that I already have policies with State Farm and not the other companies. Still, there was a HUGE difference. If I remember correctly, Geico was over a grand and Progressive was around 500 something.

To my knowledge, State farm will only write a motorcycle policy to an existing customer who has other insurance with them. Their rates are very reasonable and based on engine size. I paid more for my old Vulcan 1500 cruiser than for my new FJR.

 

[Clark Kent]

Progressive is the worst in California.... at least for me.
I called GEICO back and played with some deductible numbers. It made a big difference. Dropped my rate by half... down to around $1500/yr. I can live with that.

Thank gawd. I thought my potential FJR purchase had been shot dead in its tracks.

:yahoo:

$1500.00 a year? Your either rather young (nothing wrong with that) or you have a very poor driving or credit rating) there is something wrong with that.

When I think of State Farm Insurance I always get this picture in my mind!

CK

 

[818Guy]

36 years old. I do have one moving violation within the past 18 months (speeding) but that rate isn't bad for the Los Angeles area. GEICO this time told me that part of the reason for the jump was based on the fact the bike is a "sport tourer" which means it has all the fairings compared to my 'naked' chopper.

 

[starcruiser(aka downn2)]

Progressive is the worst in California.... at least for me.
I called GEICO back and played with some deductible numbers. It made a big difference. Dropped my rate by half... down to around $1500/yr. I can live with that.

Thank gawd. I thought my potential FJR purchase had been shot dead in its tracks.

:yahoo:

Ask em for a quote with Liability only....no UM, NO PIP, Nothing but liability.....Mine cost me $109/yr and it is my understanding Yamaha Financial will accept that..

 

[twowheelnut]

My Progressive is sub 500/yr right now for my '05. They have to reclassify the bike for you manually. New, you should be 7 - 800/yr with them, MV not withstanding.

 

[Thor's-FJR]

$220.00 per year, full coverage for my AE with Farmers Ins.

I do have 2 cars and home owners insurance with them. Maybe they think since I'm in my mid 40's I don't go fast anymore :rofl: :rofl:

 

[camera56]

+1 on Farmers. I pay about $200 a year but have all my insurances with them.

 

[git-r-dan]

Very interesting...I will call them tomorrow and check...

funny... I bought a Triumph Speedmaster... when I called today for a quote, (I dont' have the bie yet) the lady said the VIN was not in the listing...

Any idea where I should tell her to look for it?

Thanks!

mary

Mary,

Even if the vin isn't in the computer they (Progressive) can look it up by make and model and place it the right catagory. This is a case where the company may be able to do it easier than the agent. Just ask them to make certain they have the bike classified by the correct "rate symbol" and classification. I'm not certain where the Speedmaster is catagorized. Probably not in the touring class.

By the way, I'm not trying to say Progressive is the best rate in all states. Heck, they probably don't have the best rate for all drivers and all bikes in CT. All I'm saying is it is certainly worth checking into. My old rate-$700, new rate $450. Rates are not the whole story either. Progressive probably has one of the best reputations in the industry when it comes to handling claims. Premium doesn't matter much when you need claim service. The last claim they paid for a stolen bike out of our office was a generous settlement. Even the client was surprised he reciieved the amount . Also, at least in CT, all policies include Guest Passenger Liability. Not all companies automaticallly include it. Not certain how it is handled in other states.

I again stress to all my clients that they should consider the highest Uninsured Motorist coverage they can get. In Ct we can double it. This leads me to another reason I like Progressive over some other companies like Dairyland. Dairyland will only write liability as high as 100/300 for BI. Therefore I would only be able to purchase UM/UIM in the amount of 200/600. I like Progressive because I was able to give myself Bi limits of 250/500 nd therefore my Uninsure/Underinsured Motorist coverage was written at $500,00/$1,000,000. This is coverage for myself and passenger for lost wages, medical bills, permanent disability, pain and suffering etc in case of another driver being at fault and injuring me and he either has no coverage, hit and run or he has coverage but has low limits and thus not hight enough to cover my injuries. Of course everyone's agent already explained this to them. I'm always surprised to hear how proud many drivers are because they are only paying $---- and have "full coverage " with 20/40 liability limits.. In fact I have one client who absolutely refused to purchase anything higher than 20/40/10 and sure enough he was rearended by a girl on a cell phone. He has fairly severe claimed injuries and an attorney. I know his attorney already chastized him for his ridiculouly low coverage. The attorney was probably looking to his Um coverage in the event the other driver has low limits. Well he's going to have to look somewhere else. His Um coverage won't get him squat. Seen too many injuries for me to carry anything less than the $500,000/$1,000,000.

BMort

The good news is I may be picking up an AE this week, been a waiter too long. The sort of bad news is: I am scurrying through insurance quotes and information to find the right one to go w/ at purchase (which could be today). I took this info quoted above by "BMort" (another ins thread) to heart as we have a ton of Floridians, to include illegal aliens, driving w/o insurance. If you were hurt/hospitilized by an uninsured, how quick would hospital cost drain the insurance funds? I found that each state is different as to un-insured/under insured motorist maximum limits. For all the quotes listed on this thread, the un-insured motorist amounts, claims against policies, awards by the local patrols, etc. are keys to the amount spent for insurance. Progressive was impressive with UM limits to $250,000/$500,000/$100,000 (bodily injury per person/per accident not to exceed/property damage liability). I added $1000 in medical payments and $1000 in coverage to farkles in excess of the $1000 they already cover which came to a grand total of: $860 per year (no prior claims, no patrol awards). Geico could only do $100k/$300k/$50k to UM and their cost was $1477 per year. OK, last call to Dairyland: $250k/$500k/$100k w/ extra coverages including $5000 accessories (included for gold applicants - good credit), replacement cost (excluding theft) for $7.50 yr, towing for $7.50 yr, excursion/diversion - $1000 to safety apparal (excludes helmit) and $500 for lodging transportation and meals for accident over 100 miles away from home (for gold applicants). Total price: $825 per year.

So, long story short: Dairyland is the winner for me. The agent asked for referrals and I said I could post her contact info here: Dorothy - 888-373-6879 ext 3841. Hope this is helpful. Now to go get my new ride. Pics to follow.

P.S. Thanks Groo for the Dairyland props.

 

[ronjrieth]

Comparin rates can be deceiving because amounts of coverage differ. When I originally insured my 06A in June, Progressive charged me around $1,000 for it. I read on this forum that they reclassified the FJR as a "tourer" instead of a sport bike and I called my agent (my brother) who contacted them. I got a $450 refund back from Progressive a couple of weeks ago and was informed of this reclassification.

Ron