New (to me) bike

[sonus]

I am now the proud owner of a 2008 Ninja 250



I just got it Friday, and I haven't been able to take it out since it's not registered yet. So that's task #1 for tomorrow.

The task for today is getting insurance, probably through Progressive. Do people typically get full collision/comprehensive coverage on a bike like this? I'm trying to decide between the extra $400/yr for the better coverage vs. just squirreling away money in the bank in case I crash it. It's looking like $95/year for liability vs. $495/yr for full w/ $500 deductible.

I can't decide if it's worth it for a $3000 bike. On the one hand, I'm a newb, and probably likely to drop it. But on the other hand, if I do drop it, I don't really want the 6 year insurance increase either :P

[Tyrroneous]

Sweet bike.  It looks brand new!

[caddydaddy]

I can't decide if it's worth it for a $3000 bike. On the one hand, I'm a newb, and probably likely to drop it. But on the other hand, if I do drop it, I don't really want the 6 year insurance increase either :P

Gorgeous bike!  That's a tough call on the insurance.  Plastics are expensive, so a small wreck could total it out pretty quickly.  Plus since it's two years old, it isn't worth $3,000.  If you can afford to lose the bike completely due to a wreck, then just go with liability.

[UHOH]

welcome  - pretty bike.

[A] Do people typically get full collision/comprehensive coverage on a bike like this? I'm trying to decide between the extra $400/yr for the better coverage vs. just squirreling away money in the bank in case I crash it. It's looking like $95/year for liability vs. $495/yr for full w/ $500 deductible.

... I'm a newb, and probably likely to drop it. But on the other hand, if I do drop it, I don't really want the 6 year insurance increase either :P

[A] there is no typical.   since you're newb I'd get collision and skip the comprehensive.  I'd further go w/ ~$200 deductible.  just me.

I had an at fault 1 vehicle collision insurance loss two yrs ago and my rates didn't increase at all.  

[sonus]

welcome  - pretty bike.



[A] there is no typical.   since you're newb I'd get collision and skip the comprehensive.  I'd further go w/ ~$200 deductible.  just me.

I had an at fault 1 vehicle collision insurance loss two yrs ago and my rates didn't increase at all.  

Hmm, interesting. I had an at-fault accident in my car and my insurance definitely did go up. Maybe it varies from state-to-state, or it's different for motorcycle insurance. Here in MA insurance is required, so that probably affects it, since you're basically stuck whether they raise the rates or not

[Mrs. DantesDame]

Check with various insurance companies - I had State Farm in WA and my agent specifically told me that claims made on my motorcycle WOULD NOT change my rates. I was surprised, but sure enough - two claims on my two motorcycles and there was no rate change. I don't know how it is in MA or with your insurance carrier.

FWIW, State Farm suxxors in NJ, but Geico has been good (no claims here, so I can't vouch for them in that regard). It's worth it to call around to 3-4 different carriers. It doesn't take a lot of time and can save you a lot or money.

Also, it's surprising how little a lower deductible really costs. Going from $1,000 deductible to $250 was only something like $7/year  



PS - Moto ins is optional in WA

[Mr.Black]

I live about an hour and a half west of you. I am very happy with Liberty Mutual for ins. (4 vehicles currently insured.) Shop around. I am not comfortable with a company that uses a dip shit or a lizard to sell their policies. Find your way out here someday and I'll show you some nice roads.

[Zixxerpilot]

I've been pretty loyal to Progressive for years. They've been good to us. We've also tried Geico and Nationwide. Ultimately, I will go where I get the best deal.

Also, for motorcycle, right now Progressive is the best I can find for mine. I also had Dairyland Cycle (Sentry Insurance), and they were fantastic.

Best answer is to shop around, and see what you find.