Insurance Coverage - What is appropiate?

EP_scoot · Post by **EP_scoot** » Wed Jan 09, 2008 2:33 pm

Hi all,
I am pondering how much insurance coverage would be appropiate for a scooter.
On the cars we have the std. 300/100/300 (or viceversa), full collision, liability, etc.

On the scoot, I am thinking liability (which is mandatory anyway), theft and collision, but what levels of insured/uninsured coverage?

What do you guys have and what do you pay per 6 or 12 months?

Thanks,

Post by **illnoise** » Wed Jan 09, 2008 3:46 pm

I've got progressive, they have a "winter layoff" which knocks a bit off your plan and the rep told me it still allows you to ride occasionally (I asked about Toys for Tots or riding on an unseasonably nice day and they said that was OK, but I'm not sure how they'd enforce or prove that you weren't riding all winter).

The rest of it's all personal choice (other than liability), with a new bike, especially, it's pretty cheap so it probably makes sense to err on the side of too much coverage. With vintage bikes, it gets a little cloudier, because there's such a disparity between market value and blue book value, and they're not directly replaceable, so you usually end up paying extra for "declared value" insurance.

Be sure to ask about all the discounts, over 25, garaged, AMA member, MSF class, helmet, married, etc. If you meet the right criteria, you can knock a schload off. The MSF class is great, but even if you can't get in and have to pay to take a class, it'll make your insurance cheaper.

Bb.

EP_scoot · Post by **EP_scoot** » Fri Jan 11, 2008 6:40 pm

Thanks illinoise.
Any idea what the average 12 month cost is? $150? $200? Actually, I will just call around as it probably vary from one state to another.

Are there some companies more friendly than others towards scooter/motorcycle pricing/customer service?

Thanks again.

Post by **illnoise** » Fri Jan 11, 2008 11:07 pm

I think we pay between 200 and 300 annually to insure three bikes (one new scooter, one vintage scooter, one vintage motorcycle) for both my wife and I. We have everything going for us, age/marriage/no accidents/layoff/ama and helmet discounts, etc.

I've been very happy with Progressive, but luckily I've never had to file a claim. They let me add/switch bikes immediately over the phone (I have other bikes in various states of repair that I insure sporadically when they're rideable) and they've always been easy to work with. But other vintage scooterists have reported huge rate spikes in the past few years, some younger, single people living in the city without a garage were getting bills for $800 a year for vintage bikes. I don't think that was a problem with modern scooters, but if you're getting quoted more than $300 a year for one rider on one bike, definitely shop around.

EP_scoot · Post by **EP_scoot** » Sat Jan 12, 2008 3:24 am

Great info,
thanks again !

coopdway · Post by **coopdway** » Sat Jan 12, 2008 10:59 am

Like illnoise, I'm with Progressive, haven't filed a claim yet and been with them for a few years. I do everything online and really appreciate the convenience.