Insurance?

cmiller36 · Post by **cmiller36** » Mon May 05, 2008 9:45 pm

Who do you have your scooter insured with and what kind of premiums do you pay?

riancurtis · Post by **riancurtis** » Mon May 05, 2008 10:38 pm

I have it through Horace Mann. They do insurance for teachers and my mother is one. Full coverage. 42/mo. $500 deductable. '08 Buddy.

Liability alone was going to be $106/yr but I work at a mall right now so I went with full coverage until I start law school and don't leave my scooter parked outside a mall for 9hours straight.

ay pablo · Post by **ay pablo** » Mon May 05, 2008 10:49 pm

I have my 2008 Buddy 125cc insured with Markel American Insurance Company, which specializes in motorcycles, boats, ATVs etc.
I pay 155.00 per year for full coverage with a $500.00 deductible. Other quotes I received from Progressive, Geico, Farmers ranged from 400.00/year to 800.00 per year. My decision to go with Markel was a no-brainer.

amylou · Post by **amylou** » Mon May 05, 2008 11:17 pm

I pay $84/year for full coverage on my 07 Buddy with a 250/250 deductible through State Farm. In Colorado (I'm not sure about other states) if you have uninsured motorist coverage on your car, it is already covered on a second vehicle so that saved me over $100.

Post by **ericalm** » Tue May 06, 2008 12:19 am

Your best bet, especially if you live in the city in CA, is to spend a lot of time shopping around.

Location plays a big factor in how much you're quoted. The insurance companies will deny it, but I also think gender is sometimes a factor. And then there's this giant Wheel o' Rates they spin...

I know of few people in L.A. paying less than $200 or so for liability with any company. But (for example) when I started trying to get quotes to insure my wife, they were as high as $900 for the same kind of coverage I had. The quote I'd gotten 2 years earlier, when I had no experience, a permit, and was the same age as she was when I tried to get her quote: about $240.

It pays—a lot—to shop around. If your auto insurer does motorcycle coverage or if you have home or renter's insurance, try them first. You may be able to get a deal.

Cincycaddy · Post by **Cincycaddy** » Tue May 06, 2008 12:23 am

I don't have a scoot (bought a small displacement moto instead) but I picked up Progressive insurance today and it was $128 for a year.

This is on a 1971 Yamaha CS3B 200cc Two Stroke street bike.
$50/100k uninsured/underinsured
$100/$300/$50k liability
$5k/person medical payments.

I went with liability only as I only have $1000 in the bike. I have two tickets on my license to, so I thought $128/yr wasn't bad. I was paying $400+ a year on my old '75 CB750k for the same coverage.

Chris.

Orange Guy · Post by **Orange Guy** » Tue May 13, 2008 6:35 pm

Just got all my insurance paperwork in the mail today from Pekin Insurance.

$300K Bodily Injury Liability
$100K Property Damage Liability
$300K Uninsured Motorist
$300K Underinsured Motorist
$100 Deductible Other Than Collision
$100 Deductible Collision
Passenger Liability Endorsement

$123 per year.

DennisD · Post by **DennisD** » Wed May 14, 2008 1:59 am

I don't have any insurance on any of my bikes except my motorcycle. It is $475 a year full coverage. I decided to go naked on the scooters and self insure. If I get whacked, there won't be that much damage to the other vehicle and my estate can take care of it. I do have an excellent medical plan where I work and took that into consideration.
Florida - Fantasy land of palm trees, sunshine, beautiful beaches and outrageous insurance rates.

Its almost hurricane season again, folks!

Dennis

MarsR · Post by **MarsR** » Wed May 14, 2008 2:01 pm

I just renewed my insurance with Farmers. It went up $1.10 over last year.

$118.10 for the year, full coverage, $50 ded collision, $50 ded comprehensive. I also use them for home/auto.

siobhan · Post by **siobhan** » Wed May 14, 2008 3:26 pm

I pay $79/year with a $200 deductible with Progressive. I only use them for my scooter insurance. My auto insurer (Liberty Mutual) wanted over $200/year, so it does pay to shop around. I like Progressive 'cos you can do everything online and never talk to a person.

Piedmont · Post by **Piedmont** » Wed May 14, 2008 5:41 pm

I pay 803 a year, 250/250 deductible.
Ouch.

toddrw2251 · Post by **toddrw2251** » Wed May 14, 2008 6:08 pm

Piedmont wrote:I pay 803 a year, 250/250 deductible.
Ouch.

Sounds like its time to shop rates

NathanielSalzman · Post by **NathanielSalzman** » Wed May 14, 2008 6:21 pm

I'm with State Farm, paying about $13/month with full injury/property liability coverage, an additional medical payments coverage, $50 deductible comprehensive, $250 deductible collision, plus uninsured motorist, etc.

Piedmont · Post by **Piedmont** » Wed May 14, 2008 6:40 pm

toddrw2251 wrote: Sounds like its time to shop rates

That's actually the best rate I could find, at least among Esurance(who I went with), Progressive, and Geico.
My zipcode, my age, and having two speeding tickets in the last 3 years all hurt me.

kilted texan · Post by **kilted texan** » Thu May 15, 2008 2:01 pm

OK for all of you that are paying less than $500 a year. What are you selecting for usage: commuting or pleasure.

I just got 2 quotes with usage as commuting:
Progressive - $786 / yr
Gieco - $1255 / yr

I set up coverage similar to OG.

Orange Guy wrote: $300K Bodily Injury Liability
$100K Property Damage Liability
$300K Uninsured Motorist
$300K Underinsured Motorist
$100 Deductible Other Than Collision
$100 Deductible Collision
Passenger Liability Endorsement

Orange Guy · Post by **Orange Guy** » Thu May 15, 2008 2:10 pm

kilted texan wrote:OK for all of you that are paying less than $500 a year. What are you selecting for usage: commuting or pleasure.

I was never asked.

The only thing in my policy that comes close is this:

LAY-UP ENDORSEMENT

Bodily Injury, Property Damage, Medical Payments, Passenger Liability, Uninsured Motorists and Collision WILL NOT APPLY (except for occasional use) to the vehicle described in the Declarations during the months of December, January and February of the policy period.

The way I see it, that "occasional use" is my loophole should something happen.

siobhan · Post by **siobhan** » Thu May 15, 2008 2:13 pm

I selected "pleasure" because I also have a cage which would be considered my daily driver.

pamalama · Post by **pamalama** » Thu May 15, 2008 2:16 pm

My full coverage through State Farm is $10.38/month.

HMBscoot · Post by **HMBscoot** » Sun May 18, 2008 6:55 am

WTF!!!! I was qouted at like $600/yr and i just got my first bill and it says i owe $5xx or pay the full $1,200 all at once???/ this has to be a mistake im pissed off what do i do???

Post by **ericalm** » Sun May 18, 2008 7:47 am

When shopping for rates, consider going outside the major players. You may need to get a dozen quotes before deciding. Also call to get quotes instead of relying on online quotes. Often, having a person who's invested in selling you a policy means that they will get you a lower rate. The online calculator won't. Finally, if you can't get something affordable, try an insurance broker.

gymnation · Post by **gymnation** » Sun May 18, 2008 9:48 pm

siobhan wrote:I pay $79/year with a $200 deductible with Progressive. I only use them for my scooter insurance. My auto insurer (Liberty Mutual) wanted over $200/year, so it does pay to shop around. I like Progressive 'cos you can do everything online and never talk to a person.

I've tried to get a quote with Progressive (as well as Geico), and they don't seem to have Genuine in their database(s). I think I'll have to call and actually speak to a human being....

Post by **ericalm** » Sun May 18, 2008 11:18 pm

gymnation wrote:
siobhan wrote:I pay $79/year with a $200 deductible with Progressive. I only use them for my scooter insurance. My auto insurer (Liberty Mutual) wanted over $200/year, so it does pay to shop around. I like Progressive 'cos you can do everything online and never talk to a person.
I've tried to get a quote with Progressive (as well as Geico), and they don't seem to have Genuine in their database(s). I think I'll have to call and actually speak to a human being....

A lot of people have Geico or Progressive, so someone there knows what a Genuine is. Thing is, on some states, they don't actually provide insurance, they just act as an agent for another company which does. If they don't have Genuine in their database, make sure they know the MSRP of the scoot. i've had agents try to classify it as a Vespa and I was like, "Uh, yeah kinda like that but a couple grand less to replace!"

Me, I'm going to a broker soon to consolidate as much of my insurance as possible. This may not make sense for everyone, but if you have home, multiple autos and multiple scooters as we do, there could be a lot of advantage to seeing if we can get some deals.