I'm in a Catch-22!

[Thateguhate]

Depends on what the bike is worth on the market, and or to you.

I'd get the cheaper insurance and hope/pray nothing happens, and should something happen at least what you save will cover it.

When the time is right, and if you have space get a track bike. This is my ultimate goal, but at the moment it's just not gonna happen for me lol. GL either way man.

 

[TheRiddler]

On a related note, is insurance required on a track only bike?

 

[JO EBRMC]

There is a lot of talk about a lot of things that really aren't a huge part of the actuarial math for State Farm. State Farm views a 600-650cc bike as a completely different risk than a 1000. This is way more of a factor than age.

I have no accidents, and no tickets and yet State Farm is over double anything else for me because I have an 1125.

 

[slowater427]

on an unrelated note, Catch-22 is the awesomest book Evaarr

 

[Flying Pig]

On a related note, is insurance required on a track only bike?

I remember reading that there's a special transfer permit if it's going to be over public highways, but I don't recall 100%, and am way too lazy to search.
Plus, to enforce this, they'd probably need a better reason to pull you over

Oh, and with regards to the insurance question, can't you just buy insurance for a couple of days at a time? Just get the full coverage on the bike for the weekend, and cancel it on Monday. Or is that taboo and frowned upon? I figure that you can buy insurance for a few days, might not get as good of a rate as per day for 6 months, but who knows? Might be worth it for peace of mind arty

 

[Cycle61]

On a related note, is insurance required on a track only bike?

No. And why would you?

 

[TheRiddler]

No. And why would you?

Because it was required by law? It's like the stupid non-op the state has. You have to pay NOT to use your vehicle. Just because I don't understand it doesn't mean there couldn't be a law for it.

 

[Dallen]

I am 23 with a clean record and have a 2006 R1 insured with state farm full coverage with uninsured and its $52 a month.

 

[TheRiddler]

I am 23 with a clean record and have a 2006 R1 insured with state farm full coverage with uninsured and its $52 a month.

Only an R1? Or do you have another vehicle with them too?

I added my dad's non-op bike (hasn't run in three years) to my Progressive quote. It dropped the total rate down by $100 Looks like I'll be paying to insure his bike since it'll actually be saving me money.

 

[Dallen]

Only an R1? Or do you have another vehicle with them too?

I added my dad's non-op bike (hasn't run in three years) to my Progressive quote. It dropped the total rate down by $100 Looks like I'll be paying to insure his bike since it'll actually be saving me money.

I have my Nissan Frontier with them as well. I am sure that really helps my rates out.

side note-looks like we have a lot of guys here with bikes and frontiers with state farm

 

[Kurosaki]

Riddler, get yourself a beater... That is the answer to your problem... Make it primary vehicle, bare minimum insurance. Bike insurace becomes dirt cheap like everybody else here (young or old) who uses state farm for multi-vehicle policy.

Your rates are going to suck shit (compared to what they could be) for full coverage no matter where you go with your bike as your primary (and only) vehicle.

You solve 3 problems.

1. Your rates will drop lower than either option you're now considering with very little money invested (compared to the other alternatives considered).
2. You can have State Farm and have the peace of mind of your bike covered for track days.
3. You have something to drive in the unfortunate case that you dump your bike at the track.

Unless being a 'cager' is morally wrong for you, it is going to make every problem you're having with this catch-22 better.

 

[rritterson]

Because it was required by law? It's like the stupid non-op the state has. You have to pay NOT to use your vehicle. Just because I don't understand it doesn't mean there couldn't be a law for it.

IIRC, you only have to pay the non-op if the vehicle is located on, or transported on, public highways. (i.e you can't put a non-registered bike on a trailer and drive down 280, and you also can't park a non-registered bike on the street.) But, if the vehicle remains entirely on private land, you don't have to register it at all.

Essentially, the non-op fee is like a road use tax.

FWIW, my R6 dropped from $1800 a year to $400 a year on state farm when I hit the magic '9 years driving experience' number. I hit it in the middle of a policy, and they even sent me a big refund check. OTOH, how are you getting such cheap Progressive quotes? They still quote me at $5000-6000 a year for full coverage.

 

[CoolBDPhenom03]

Call this guy...

Josh Richter
Fasttrak Insurance Services, Inc.
8001 Irvine Center Drive Ste 978
Irvine, CA 92618
Bus: (949) 453-2788
Fax: (949) 453-8236
www.fasttrakins.com

 

[Frisco]

This isn't a Catch-22, it's a predicament.

This would be a Catch-22:

You can't purchase insurance unless you have a bike, but you can't buy a bike unless you have insurance.

One can't resolve a Catch-22, you can easily resolve your situation.

CJ

 

[Shaggy]

I've had State Farm since I was 21 years old (now 29) and I've always had relatively cheap insurance. I've always had a car to go with my moto insurance, which makes a difference.

I use State Farm to unsure:

2008 Ford F250 Lariat at ~$120 per month
2007 Suzuki GSXR600 at ~$192 per 6 months
2001 Suzuki DRZ400S at ~$127 per 6 months
Renter's Insurance at $188 annually
2007 Suzuki LRT450 isn't currently insured, although it should be.

I've never filed a claim for any moto incidents, and I'm pretty sure if I wadded a bike at a trackday I'd just eat the cost. The only thing that's being financed is the Super Duty.

I also never paid anywhere near $2200 for moto insurance through State Farm.

 

[Triple Threat]

This isn't a Catch-22, it's a predicament.

This would be a Catch-22:

You can't purchase insurance unless you have a bike, but you can't buy a bike unless you have insurance.

One can't resolve a Catch-22, you can easily resolve your situation.

CJ

Good "Catch" The BARF just gets more awesome!

Michael

 

[Roadstergal]

Because it was required by law? It's like the stupid non-op the state has. You have to pay NOT to use your vehicle. Just because I don't understand it doesn't mean there couldn't be a law for it.

You pay a filing fee to non-op, and then you don't have to pay reg renewal or insurance because it isn't being used on public roads. Easy.

 

[Albal0ney]

At state farm, I'm 24, no points, full coverage, uninsured protection, $1000 deductible.

I pay about $2000 a year for a 2006 Toyota Matrix, Ducati 998 and KTM 690. Not a bad deal imo, they let me have the student discount even though I've been out of school for 2 years, but I sure am going to be happy when I hit the 9-year driver mark this upcoming year.

 

[planegray]

This isn't a Catch-22, it's a predicament.

This would be a Catch-22:

You can't purchase insurance unless you have a bike, but you can't buy a bike unless you have insurance.

One can't resolve a Catch-22, you can easily resolve your situation.

CJ

Good "Catch" The BARF just gets more awesome!

Michael

+2

Thanks for my morning laugh


Also, thanks for all those informative posts ! My experieces match the "get a car" advice. As far as registering a track bike...I would non-op it, just as cheap insurance that LEO's will leave me alone.

 

[Z3n]

Because it was required by law? It's like the stupid non-op the state has. You have to pay NOT to use your vehicle. Just because I don't understand it doesn't mean there couldn't be a law for it.

Get a certificate of race transportation. Detailed in a sticky in the racers forum. It's cheaper than non-op, never expires, doesn't require any paperwork, and allows you to legally transport your bike on the street.

As to your original question, go with progressive, buy a trackbike, cover it for fire/theft/vandalism only.