well insurance sucks - Yamaha FZ6R Forums - International FZ6R / XJ6 Motorcycle Community Forum

coppb8323 · 03-10-2010, 06:45 PM

Hi everyone, I am new here. I am planning on getting an FZ6R within the next two months so I decided to check insurance rates. It is 3200 a year for full coverage, that's right, around 250 a month. Of course since I am 18 they think I am some punk who's going to drive like an idiot, understandable. I put it under my dads name with me as an occasional driver, and its still 1700 a month. I work a part time job and go to college so its a little difficult to do that. I guess I don't have a question I just wanted to share the insane insurance number that I would pay if it were just under my name

.

MikeN02 · 03-10-2010, 06:49 PM

Ouch... I still have to shop around for mine.. been to lazy to do so..

Should get on that

jay · 03-10-2010, 07:10 PM

Quote:

Originally Posted by coppb8323

Hi everyone, I am new here. I am planning on getting an FZ6R within the next two months so I decided to check insurance rates. It is 3200 a year for full coverage, that's right, around 250 a month. Of course since I am 18 they think I am some punk who's going to drive like an idiot, understandable. I put it under my dads name with me as an occasional driver, and its still 1700 a month. I work a part time job and go to college so its a little difficult to do that. I guess I don't have a question I just wanted to share the insane insurance number that I would pay if it were just under my name

.

try getting a quote from Foremost.com if they do motorcycle insurance in your state. i used to pay Geico huge before but then luckily found out about Foremost from this forum...

travstoll · 03-10-2010, 07:18 PM

Quote:

Originally Posted by coppb8323

Hi everyone, I am new here. I am planning on getting an FZ6R within the next two months so I decided to check insurance rates. It is 3200 a year for full coverage, that's right, around 250 a month. Of course since I am 18 they think I am some punk who's going to drive like an idiot, understandable. I put it under my dads name with me as an occasional driver, and its still 1700 a month. I work a part time job and go to college so its a little difficult to do that. I guess I don't have a question I just wanted to share the insane insurance number that I would pay if it were just under my name

.

FYL!...I pay $900 a year for full coverage w/ State Farm. I am 21.

EDIT: I do have a multi-policy discount w/ them as well (I also have my renters, car, and life ins w/ State Farm)

MrGti · 03-10-2010, 07:35 PM

I pay 379 a year for full coverage on both of my bikes, 2007 250 ninja and my 2009 fz6r. I also have state farm. I am also 36 years old.

**JonKerr** · 03-10-2010, 08:21 PM

Quote:

Originally Posted by coppb8323

Hi everyone, I am new here. I am planning on getting an FZ6R within the next two months so I decided to check insurance rates. It is 3200 a year for full coverage, that's right, around 250 a month. Of course since I am 18 they think I am some punk who's going to drive like an idiot, understandable. I put it under my dads name with me as an occasional driver, and its still 1700 a month. I work a part time job and go to college so its a little difficult to do that. I guess I don't have a question I just wanted to share the insane insurance number that I would pay if it were just under my name

.

You're running into the same issue I ran into and let's just say I'm a bit older than 18. That's not really the issue. The issue is it's your first bike and it's a "sportbike." Call State Farm. They're one of the very few companies who could care less about what kind of bike it is. They just care about the displacement. And a 600 is tiny compared to the 1400cc Harley's they insure. I went through the same thing. I got quotes from everyone you could think of, (Geico, Progressive, AllState, Liberty Mutual who I have other policies with, etc...) I even called the company my dad has his insurance through, Markell. His $18,000 Harley FatBoy costs him $300 a year to insure for full coverage. They quoted me $4200 (yes 14 times the price) for a bike that cost less than half his! My dealership recommended State Farm. I pay about $650 a year with them for my first year and it'll go down from there as I get more experience. And that's high for them because I'm in San Diego, the #1 or 2 city with the highest motorcycle theft in the country.

porky45 · 03-10-2010, 08:50 PM

I don't remember if the yamaha financing program requires you to have full coverage with them or not. I remember pricing for insurance being about 3000+ a year. I think 2000 was the lowest I received with the absolute lowest limits. Doing my own math, it wasn't worth it to keep full coverage.

I guess I'm "dumb", but I have the lowest limits possible on my bike and car. Bike and car together a year is less then $1000 (i have a buick).

The way I look at it... If i go down (which i have) to restore my bike to new, it would cost me roughly $1,000.

That beats the hell out of paying $2000 a year, paying a $1000 deductible and having your insurance go up once you report it.

So I may be "dumb" but i've saved me self over a grand this year by not reporting anything.

vitrox · 03-11-2010, 12:42 AM

i paid 450 a year for my r1, full coverage. The fz will be liability, its ~200 a year for that. state farm ftw.

Newmason · 03-11-2010, 05:58 AM

607 a year with full coverage, 25, no accidents...... through progressive. Was cheaper than geico!

Blueraven · 03-11-2010, 06:11 AM

I'm also paying around $480 a year with State Farm. That is with the multi vehicle discount.

03-10-2010, 06:45 PM	#1 (permalink)
coppb8323 Junior Member Bike: nothing Join Date: Mar 2010 Location: wisconsin Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	well insurance sucks Hi everyone, I am new here. I am planning on getting an FZ6R within the next two months so I decided to check insurance rates. It is 3200 a year for full coverage, that's right, around 250 a month. Of course since I am 18 they think I am some punk who's going to drive like an idiot, understandable. I put it under my dads name with me as an occasional driver, and its still 1700 a month. I work a part time job and go to college so its a little difficult to do that. I guess I don't have a question I just wanted to share the insane insurance number that I would pay if it were just under my name.

03-10-2010, 06:49 PM	#2 (permalink)
MikeN02 Senior Member Bike: 07 YZF R6 Join Date: Jan 2010 Location: Orlando, FL Posts: 1,964 Thanks: 276 Thanked 326 Times in 212 Posts	Ouch... I still have to shop around for mine.. been to lazy to do so.. Should get on that __________________ RIP 07/31/10

03-10-2010, 08:50 PM	#7 (permalink)
porky45 Senior Member Bike: FZ6R Join Date: Sep 2009 Location: Northern San Diego (Vista) Posts: 372 Thanks: 49 Thanked 41 Times in 36 Posts	I don't remember if the yamaha financing program requires you to have full coverage with them or not. I remember pricing for insurance being about 3000+ a year. I think 2000 was the lowest I received with the absolute lowest limits. Doing my own math, it wasn't worth it to keep full coverage. I guess I'm "dumb", but I have the lowest limits possible on my bike and car. Bike and car together a year is less then $1000 (i have a buick). The way I look at it... If i go down (which i have) to restore my bike to new, it would cost me roughly $1,000. That beats the hell out of paying $2000 a year, paying a $1000 deductible and having your insurance go up once you report it. So I may be "dumb" but i've saved me self over a grand this year by not reporting anything. __________________ 2009 FZ6R Yamaha Blue! // Targa FE // Driven Sprocket Conversion -1/+2 // R6s Mirrors // Rim Stripes // Speedohealer//Flushies!

03-11-2010, 05:58 AM	#9 (permalink)
Newmason Senior Member Bike: 2009 FZ6R Join Date: Sep 2009 Location: Ohio Posts: 209 Thanks: 2 Thanked 16 Times in 13 Posts	607 a year with full coverage, 25, no accidents...... through progressive. Was cheaper than geico! __________________ 2009 Yamaha Blue FZ6R, Shogun No-Cut Frame Sliders, GYTR Clear Double Bubble Windscreen, R6s Mirrors, Pro-Grip Gel Grips, White Wheel Tape, R6 Flushmounts

03-11-2010, 06:11 AM	#10 (permalink)
Blueraven Junior Member Bike: Raven FZ6R Join Date: Feb 2010 Location: Westminster, CO Posts: 18 Thanks: 1 Thanked 7 Times in 1 Post	I'm also paying around $480 a year with State Farm. That is with the multi vehicle discount. __________________ Reality is not what is, but what is perceived.

03-10-2010, 07:35 PM	#5 (permalink)
MrGti Member Bike: fz6r Join Date: Aug 2009 Location: Lancaster PA Posts: 59 Thanks: 19 Thanked 17 Times in 9 Posts	I pay 379 a year for full coverage on both of my bikes, 2007 250 ninja and my 2009 fz6r. I also have state farm. I am also 36 years old.

03-11-2010, 12:42 AM	#8 (permalink)
vitrox Senior Member Bike: 2008 R1, 2009 FZ6R, 2010 BMW S1000RR Join Date: Nov 2009 Location: fairbanks, ak Posts: 217 Thanks: 3 Thanked 63 Times in 37 Posts	i paid 450 a year for my r1, full coverage. The fz will be liability, its ~200 a year for that. state farm ftw.

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