Prohibitive Insurance Cost!

[stan23]

Out of network.

so she choose to get her broken shoulder fixed out of network?

 

[Feanor]

The thing about insurance is that there really isn't a simple formula. Over the years, insurance quotes are passed out using so many different variables, it's impossible to use someone similar as a guideline for price.

Very true, I actually picked up State Farm because my parents used State Farm for all of their properties, cars, etc etc and had been with the same agent since prehistoric times! And I actually insure all my cars with them too, and there are a slew of "discounts" always listed on my policy statements for good driving record, multiple car discount, loyalty, etc etc...

Who knows if our agent, or any agent, has the authority to manipulate the numbers a little or a lot to effect rates, I think maybe they do have moderate influence on that to a point. Just another possible variable in an infinite number of variables

 

[Feanor]

Out of network.

A 60k bill and the Insurance pays 20k because its out of network? That's a pretty stiff OON penalty I've had the same Doctor for a long time and she wasn't in the network (Blue Cross) when I switched over from Aetna, the penalty? Just some advice in a letter, "Your peace of mind is important to us, Please continue to see your family doctor, and we will amend your policy to include her in the network as an exception"

The only difference is that my Doctor has to bill me directly for services and then I send the claim form to Blue Cross myself and get reimbursed 100%. Tiny hassle for being able to keep my long time doctor.

 

[ToraTora]

Au contraire mon frere

.

 

[Ninjarider87]

i got a geico quote for my R6 - it was 4200 a yr LOL.

i went with a broker insurance and it was 1200 a yr
(VIKING is the company) cant remember broker's name but they are based in san diego i think

 

[Burning1]

That wasn't a dig at Ducati specifically. Bike brand is irrelevant. If you have to stretch your budget to afford the bike, buy a cheaper bike.

 

[stan23]

i got a geico quote for my R6 - it was 4200 a yr LOL.

i went with a broker insurance and it was 1200 a yr
(VIKING is the company) cant remember broker's name but they are based in san diego i think

You may want to re-think those no-name garbage insurance companies.

 

[Marcoose]

Bike brand is irrelevant. If you have to stretch your budget to afford the bike, buy a cheaper bike.

+1. (Or go find another super-duper fun hobby.) Because otherwise you're one of those idiots with a shiny bike and state minimum insurance. If you crash into me or my property, I'm the dealing with the bills.

 

[ride_sf]

+1 for State Farm.

My agent is my step-father-in-law, we have three motorcycles and two cars, and a homeowner policy as well. Major savings from safe driving record and multiple line discounts.

On my 2001 Monster S4:
Liability Bodily Injury: 50,000/100,000
Property Damage: 50,000
500 deductible comprehensive
500 deductible collision
Uninsured Motor Vehicle Bodily Injury 50,000/100,000
Uninsured Motor Vehicle Property Damage

I'm 36 years old.

total premium: $552 per year.

Numbers are basically the same for my 2013 Monster 696 as well.....

 

[Diezel]

Slight offense taken, but please clarify: Are you referring to my riding ability or my budget overall?

Based on all the insurance quotes I've gotten my rates will have more to do with how many total claims have occurred vs. my personal history.

As for my budget... I'm tight-ish on money these days and am considering the Duc because it meets various criteria I have plus that OEM promo is pretty awesome.

I'm with Dopesick, motorcycles are awesome. They CAN be practical sometimes, but they definitely lean towards the toy side. If you have to think about whether you can afford this Duc or not and maybe the insurance will put you over the edge on your budget, you should just stop right there.

Live within your means.

And I'm with you and Dopesick.
Live within one's means.

That wasn't a dig at Ducati specifically. Bike brand is irrelevant. If you have to stretch your budget to afford the bike, buy a cheaper bike.

THIS.

I'm not questioning your riding ability. I'm questioning the reasoning of a financial decision that could set you back many years if you mess up even by 1 late payment. OEM promo's are always in favor of the company, NEVER the consumer. That is something you really should keep in mind.


I don't know if I'm older then you, nor wiser. But as someone who lives in the bay area, and has owned over 16 bikes (between my wife and I). I think bike (and any toy) purchase is something I know a great deal about.

I wasn't digging at Ducati, at all. However you are the one that mentioned it so I will add. Ducati has NEVER been known for their "cost effectiveness" nor reliability.

If you have to rely on a promo plan to afford any bike (and after looking at their promo which really is not all that great honestly), you'll be in a world of hurt come the first issue you run across (*generally speaking - that is if you have to nickle and dime to get by). It's just a poor choice to go that far out on a limb for any "toy".

Now, would I recommend the option of living on a top ramen and water diet for 6 months and saving up a shit ton of cash, and buying the bike, then dropping like $6k on it and getting your payments dirt cheap. Hell yeah, a lot of us have gone that route. And most if not all of us, are happy we chose that path.

 

[MysterYvil]

i got a geico quote for my R6 - it was 4200 a yr LOL.

i went with a broker insurance and it was 1200 a yr
(VIKING is the company) cant remember broker's name but they are based in san diego i think

GEICO just quoted me $720/yr for a Duc 1098; full coverage ($500 deductible), 100k/300k, and towing.

Apparently the make/model has a bit to do with rates, motor size a bit more, but driving experience and record are the make-or-break points.

(And BTW, cheap insurance is cheap for a reason. My first wife had some discount insurance that totally fucked us when we needed it.)

 

[JO EBRMC]

Who knows if our agent, or any agent, has the authority to manipulate the numbers a little or a lot to effect rates, I think maybe they do have moderate influence on that to a point. Just another possible variable in an infinite number of variables

Agents cannot, under any circumstances, alter rates.

 

[Feanor]

Agents cannot, under any circumstances, alter rates.

I guess that makes sense... But one thing that seems to be in their pervue is how hard they work to give you your appropriate discounts...

I had a friend with Allstate and I told her about my discounts with StateFarm for things like multiple cars, loyalty, driven less than 7,500 miles annually, and two others I can't remember, and I told her to talk to her agent and she got several of these same discounts that her agent just sort of neglected to inform her of... she has a hydrant in front of her house and I told her that some insurance companies will give you a discount on your hown owners insurance if a hydrant is within 50 feet of your property line, I think she got that too, it was tiny though, like $50 a year.

Maybe if your agent is long term and you have many things insured with them, they are a lot more aggressive and diligent at finding your justified discounts or cutting you a break on mileage or time if its close, or if you tell them its in a carport they'll put it in as locked garage instead than if you're "Joe New Customer they don't know you from Adam" and haven't built a relationship yet.

Of course its always good to ask about ALL the discounts you're entitled too no matter how short a time you've been with them...

 

[corndog67]

+1 for State Farm.

My agent is my step-father-in-law, we have three motorcycles and two cars, and a homeowner policy as well. Major savings from safe driving record and multiple line discounts.

On my 2001 Monster S4:
Liability Bodily Injury: 50,000/100,000
Property Damage: 50,000
500 deductible comprehensive
500 deductible collision
Uninsured Motor Vehicle Bodily Injury 50,000/100,000
Uninsured Motor Vehicle Property Damage

I'm 36 years old.

total premium: $552 per year.

Numbers are basically the same for my 2013 Monster 696 as well.....

I'm 50 with the same bike and coverage. You pay twice what I do. My Ktm is 30% less.