Whats your insurance coverage and cost?

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I just turned 31 a couple months ago, have been riding for 13 years, no accidents or moving violations, and pay $55/month through State Farm.

State Farm is pretty Ducati friendly to riders over 27 as far as I can tell. I have a couple of buddies close to my age that also go through State Frm for their Ducs and get a similar rate.
 
Insurance company consider various points like which bike you have, it's history, for what purpose you are using it etc. So you can always think before buying new bike as motorcycle insurance varies from machine to machine.
 
PabloPwnage said:
I just turned 31 a couple months ago, have been riding for 13 years, no accidents or moving violations, and pay $55/month through State Farm.

State Farm is pretty Ducati friendly to riders over 27 as far as I can tell. I have a couple of buddies close to my age that also go through State Frm for their Ducs and get a similar rate.
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yup that's what I got quoted for with a $1,000 deductible. I decided to go with $500 deductible for $76/month
 
We had this discussion on the Multi forum...I advised against USAA. Quotes were very high, but moreso...if ever you file a claim they review your policy and raise your premium to recoup whatever they paid out...that to me is a scam and not "what it means to serve."

Was advised by another member that State Farm didn't do that-

I'm 42, clean DR, paying 400-something with Geico (Tri and MTS PP)
 
MMC said:
We had this discussion on the Multi forum...I advised against USAA. Quotes were very high, but moreso...if ever you file a claim they review your policy and raise your premium to recoup whatever they paid out...that to me is a scam and not "what it means to serve."

Was advised by another member that State Farm didn't do that-

I'm 42, clean DR, paying 400-something with Geico (Tri and MTS PP)
Click to expand...

Yes, state farm does not do that. My last bike was a 2006 R1 LE and was stolen and my rates on the duc is the same as the R1
 
PabloPwnage said:
I just turned 31 a couple months ago, have been riding for 13 years, no accidents or moving violations, and pay $55/month through State Farm.
Click to expand...

I thought mine would jump up as the VIN didnt register at first with them. I turn 31 next month and with a 1k deductible, I'm still only paying 37. I hope they never catch on haha.
 
In was quoted 696 Euros fully comp with 5 years no claim bonus. Thats in Tenerife, Spain where they only started doing fully like 5 years a go.
 
Anyone have an insurance company to recommend who gives better discounts for multiple bikes, 5 in my case? I'm with State Farm and get good rates but put so few miles on each bike I want to see if there is anyone out there with a limited use policy.
 
So today I decided to do some insurance shopping and see some real world numbers for the 1199. I found some very interesting things.

First off I am 52 years old. I have no moving violations (car or bike) in over 10 years. I have never made a claim on a street bike (Yes I have been quite lucky). So no claims, no tickets, no accidents. I have been riding since I was 8 years old and have taken MSF and other riding courses. I provided this info, with DL #, to all companies that provided me quotes.

The rates ranged from a high of 7300.00 per year (WTF) from Allstate to 1100 per year from State Farm. All quotes were for 50,100,50. 3000 accessories, 500 deductable, comp, collision, liability. No mileage limitations. 12 month riding season. Included uninsured and under-insured.

The average rates ran right around 2800 per year. (I pay less than that for 100,300 on 3 cars with 2 teenagers)

Of course rates will vary on where you live, how you use your bike, etc... Those who have a limited riding season will probably see a slightly lower rate.

There is no doubt that this is a very expensive bike to insure. Some companies clearly do not want to insure bikes and thus provide outrageous quotes. Some do not want to insure expensive bikes and provide outrageous quotes. Some however, do want your business.

I immediately "Flo'd" from my current carrier to State Farm. Also note, I did not move my auto or home insurance but did give them both my bikes.

A few things to keep in mind when shopping around. Many companies have no listing for the 1199. Those that do may not differentiate between the Base, S and tri-color models. Make sure to let the agent know as it will have an impact on your comp and collision quotes.

Finally, for those that financed your ride; If state farm provides your coverage they will allow you to refinance through them. The rates vary on credit rating but for my 785 rating they said it was 4.9%.
 
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^Thanks for the info. What is the "3000 accessories piece" all about? Perhaps that is what is driving it up so high. Your StF quote is insane, mine is half that. 7300 is insane, you may want to check and see what the problem is, nobody will pay that much not even for exotic cars. A 785 is no good to you if you can't get good insurance. lol

Thanks for the tip but I don't think I will refinance for 1% difference, esp when Freedom Financial (Ducati) takes credit cards. ;)
 
kensteele said:
^Thanks for the info. What is the "3000 accessories piece" all about? Perhaps that is what is driving it up so high. Your StF quote is insane, mine is half that. 7300 is insane, you may want to check and see what the problem is, nobody will pay that much not even for exotic cars. A 785 is no good to you if you can't get good insurance. lol

Thanks for the tip but I don't think I will refinance for 1% difference, esp when Freedom Financial (Ducati) takes credit cards. ;)
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The 3000 accessories insures aftermarket parts that you may add. For example, PC, pipe, carbonfiber etc. If your bike is stolen or totalled you will not get compensated for those things unless you have the additional coverage. Many policies offer it as standard equipment, so to speak, since so many people add things to their bikes. 3000 is what State Farms starts at. Given I have various rizoma bits already and plan to go with a PC and rearsets that 3000 will get eaten up quickly.

I own my bike outright, free and clear title, so no need to refinance but I was curious what their rate was. At 4.9 it is lower than what most places will finance a bike for unless you get some special deal through a dealer or credit union.

I beg to differ on the 785 statement. It provide lots of benefits beyond insurance rates. Like low credit card rates, low auto loan rates, low mortgage rates (mine is 3.4 on a 30 year note. get that with crappy credit)even employment. You would be very surprised who looks a your credit rating. Not saying it is fare or right but a reality. At 1100 a year I am pleased with that rate. I could have dropped it 120 per year to 980 if I had gone with a 1000.00 deductable. But, given that a simple tip could cost 2-3 grand on this bike I decided to mitigate my risk.

I have two items that keep me from getting any lower of a rate. First I am not married. Finally, the uninsured and under insured added a nice chunk. Uninsured is required in Arizona. Underinsured is a good bet as well since the state minimum requriements in Arizona is 10K liability. So in reality, both are necessary. The cost for one or both varies depending where you live. Here is Arizona there are A LOT of uninsured and way under insured motorist driving around. I won't go into why but can you say 1070? Like insurance for your home or car, rate are impacted by where you live. Those of us in Phoenix have two interesting stats that work against us. First is that auto theft (and bike theft) is quite high. Again, I won't go into why but can you say southern export market? Second, Phoenix is one of the worst metropolitan areas for motorcycle fatalities. On this I will say why, DUMB ... car drivers and squids that drive off mountain roads.
 
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efna said:
The 3000 accessories insures aftermarket parts that you may add. For example, PC, pipe, carbonfiber etc. If your bike is stolen or totalled you will not get compensated for those things unless you have the additional coverage. Many policies offer it as standard equipment, so to speak, since so many people add things to their bikes. 3000 is what State Farms starts at. Given I have various rizoma bits already and plan to go with a PC and rearsets that 3000 will get eaten up quickly.

I own my bike outright, free and clear title, so no need to refinance but I was curious what their rate was. At 4.9 it is lower than what most places will finance a bike for unless you get some special deal through a dealer or credit union.

I beg to differ on the 785 statement. It provide lots of benefits beyond insurance rates. Like low credit card rates, low auto loan rates, low mortgage rates (mine is 3.4 on a 30 year note. get that with crappy credit)even employment. You would be very surprised who looks a your credit rating. Not saying it is fare or right but a reality. At 1100 a year I am pleased with that rate. I could have dropped it 120 per year to 980 if I had gone with a 1000.00 deductable. But, given that a simple tip could cost 2-3 grand on this bike I decided to mitigate my risk.

I have two items that keep me from getting any lower of a rate. First I am not married. Finally, the uninsured and under insured added a nice chunk. Uninsured is required in Arizona. Underinsured is a good bet as well since the state minimum requriements in Arizona is 10K liability. So in reality, both are necessary. The cost for one or both varies depending where you live. Here is Arizona there are A LOT of uninsured and way under insured motorist driving around. I won't go into why but can you say 1070? Like insurance for your home or car, rate are impacted by where you live. Those of us in Phoenix have two interesting stats that work against us. First is that auto theft (and bike theft) is quite high. Again, I won't go into why but can you say southern export market? Second, Phoenix is one of the worst metropolitan areas for motorcycle fatalities. On this I will say why, DUMB ... car drivers and squids that drive off mountain roads.
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ok, that explains it very well. i went the financing route because i didn't feel like dipping into savings but i'm going to pay this off way early as quick as i can so i can drop my insurance to the absolute minimums i can get away with. i understand the issues you face in the phx market, but it's all quiet here is ks...for now. :)
 
DuckRyda said:
Wow, what Insurance company are you using? Statefarm is killing me
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Seriously? A lot of people here use State Farm's services on their motorcycle. Maybe you need to shop for another insurance policy with a rate you can afford since rates varies also per state. Go on and take a quote online if you don't have time to shop.
 
£320 fully comp. I'm 33, 10 yrs and ncd. With MCE, but I live in Cornwall so insurance is a lot cheaper here, very little crime. MCE said it would cost way more up north.
 
State Farm's rates are lower because they do not provide medical as part of their insurance. If you have a wreck and it is your fault and end up in the hospital you are responsible for the medical bills as you are not covered by your motorcycle insurance.
 

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