TheRiddler
Helmet Tap
- Joined
- Apr 9, 2007
- Location
- California
- Moto(s)
- Any of the two-wheeled kind.
- Name
- Matt
- BARF perks
- AMA #: 1099639
The final situation:
Called State Farm. I requested a quote with an adiditional bike on it (my dad's 1983 GS750ES that he rides once every couple years). Minimum legal limit put it at $192 a year for that bike, but left the price on my SV the same ($2200). Probably because a bike would still be my primary mode of transportation. So I cancelled it. They said they would simply refund me, so because it's only been a day I believe I'm getting my deposit back (two month's worth). But if they charge me an early cancellation fee I'd still understand. I feel mildly like the jacket return guy.
Now I'm back with Progressive. I did my price alone and was looking at $474. That was full coverage except Collision. I opted for Uninsured Property Damage instead, up to $3500 (which is more than the value of the bike). I figure replacement parts are cheap enough on that bike, and if I go down because it's my fault I'll suck it up and pay out of pocket. As a note, I have no medical coverage for myself through my auto policy (actually I think it's the legal minimum before you have to sign a waiver). As a military dependent I'm covered.
Then I threw on my dad and his bike with minimum coverage. It dropped the rate down to $370.
We both receive a Good Driver Discount, and I'm an AMA member so I get that discount. With the money I'm saving on insurance I'll be looking for a cheap track bike. I would honestly have no problem rocking a Ninja 250
Someone earlier asked how I received such cheap quotes from Progressive. For that specific insurance company, the SV650 is an anomaly. When I had my TL1000R I looked up quotes and Progressive wanted something close to $2000 per year for the same coverage (so I obviously didn't go with them). But the SV is a quarter that, and Progressive is the cheapest out of the 5 or so agencies I checked with.
Called State Farm. I requested a quote with an adiditional bike on it (my dad's 1983 GS750ES that he rides once every couple years). Minimum legal limit put it at $192 a year for that bike, but left the price on my SV the same ($2200). Probably because a bike would still be my primary mode of transportation. So I cancelled it. They said they would simply refund me, so because it's only been a day I believe I'm getting my deposit back (two month's worth). But if they charge me an early cancellation fee I'd still understand. I feel mildly like the jacket return guy.
Now I'm back with Progressive. I did my price alone and was looking at $474. That was full coverage except Collision. I opted for Uninsured Property Damage instead, up to $3500 (which is more than the value of the bike). I figure replacement parts are cheap enough on that bike, and if I go down because it's my fault I'll suck it up and pay out of pocket. As a note, I have no medical coverage for myself through my auto policy (actually I think it's the legal minimum before you have to sign a waiver). As a military dependent I'm covered.
Then I threw on my dad and his bike with minimum coverage. It dropped the rate down to $370.
We both receive a Good Driver Discount, and I'm an AMA member so I get that discount. With the money I'm saving on insurance I'll be looking for a cheap track bike. I would honestly have no problem rocking a Ninja 250
Someone earlier asked how I received such cheap quotes from Progressive. For that specific insurance company, the SV650 is an anomaly. When I had my TL1000R I looked up quotes and Progressive wanted something close to $2000 per year for the same coverage (so I obviously didn't go with them). But the SV is a quarter that, and Progressive is the cheapest out of the 5 or so agencies I checked with.
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Mechanically, the only thing I can't do is internal engine work, or shock rebuilds. Otherwise, I can find a beater to fix up myself. I'm not looking to race, just enjoy myself on the track. So something that's already fixed up is probably out of my budget.
