Motorcycle Insurance

[Cammie]

Any recommendations?  I was insured by 21st Century (owned by Farmers).  They converted my motorcycle policy to another Farmers company called Foremost....never heard of them.  The new premium (I have full coverage) will more than double.  Any suggestions for a new company?  It is possible my rate was low because 21st Century covers my vehicle insurance as well...I really don't know how much is reasonable.  I also wonder if it's advisable to maintain full coverage on older bikes.  Any advice would be appreciated.  Thanks

[rwalterk]

Try State Farm first... they rate bikes solely on cc and are very cheap. McGraw is also pretty reasonable. If you like, I can refer you to a very good friend of mine who's a State Farm agent. I'm with them and pay something like $450 / year for full coverage.

[wlk12]

Ditto what Ray said re State Farm and McGraw (based on what I've read and heard); however, seems like I've heard you need your autos and/or home insured with State Farm to get the low bike rate.

I get a low rate from Geico but I think it's because I have my cars with them and I've been with them since the planet was formed .

When you look into it, you'll find some folks love outfits like Geico and Progressive, and others hate them with a passion. Beats me . You'll probably have to do some comparison shopping.

Regarding full coverage on older bikes, you'll just have to do the math and assess whether you might want to "self insure". If comprehensive and collision costs two to three hundred per year, and the bike is only worth a two to three thousand, you may want to skip this coverage (assuming you can afford to replace your bike if stolen or totaled). Individual decision.

Good luck,

Bill K.

[Cammie]

Thanks for the advice guys.  I'm being told that State Farm does not offer a stand alone motorcycle policy.  I also obtained a quote from Geico (full coverage on the SV1000 and my new to me 2005 Ninja 250 (you know I always wished I had never sold my yellow one, lol)) and liability only on the CT70 and CT110.  They offered a phenomenal rate so I'll probably go with them.

[Beefmaster_Mark]

I had Foremost and dropped them due to cost as well.  They are one of Larry Pegram's main sponsors. 

We currently have AAA for renter's, 2 cars, and the bike - it's a reasonable rate but that's probably because we have everything short of life and health insurance through them.

[aprilmaybe]

State Farm might count multiple bikes as multiple policies.

My problem with Progressive was that they gave a good rate for the first year and them "reclassified" us for the second and the rates went way up. I've heard the same story from others. I guess a lot of people can't be bothered to switch.

We now have everything through State Farm. They were great when the car got rear-ended.