High Insurance Rates? - Page 2 - Kawasaki Versys Forum
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post #21 of 36 (permalink) Old 03-23-2017, 09:28 AM
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Every time I have swapped bikes in my stable I have had to shop around for new insurance. I have been with most of them at one time or another. I see no logic in what they charge for insurance. One time I swapped out a bike, and one of the remaining bikes cost went up.

I am currently with Dairyland Insurance. I have never made a claim. multiple bike discount, Advanced MSF discount, Locked garage, and locked gate. No reported to the insurance company tickets. credit score in the 800s. masters degree, high earner, over 50. For the exact same coverage I have seen rates vary by triple from lowest to highest. The problem is we all pay for the losses we see on all those youtube videos of squids crashing.

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post #22 of 36 (permalink) Old 03-23-2017, 10:12 AM
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Quote:
Originally Posted by wampuspacker View Post
I just bought a policy with Progressive on line, seemed less than what I was paying with Farm Bureau. I realized that I had forgotten something when I Received the Hard copy of my policy. I have tried several times to call Progressive and talk with them. So far I have spent long times on hold being told that I am important and they know that I want to talk to a real person not a recording. I haven't made it thru to a real person yet. I don't know about this
I've had to spend 5-10 min on hold when calling in but I always ended up getting a person on the other end and taken care of. You should be able to login online and make changes too. If you haven't logged in online before, you will probably have to register for an account which was pretty easy. You just need your policy number or drivers license number and a few other bits of info.
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post #23 of 36 (permalink) Old 03-23-2017, 10:17 AM
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Yeah, I learned this ugly truth last year...

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Originally Posted by Buffalo_Bob View Post
I'm getting ready to renew my insurance through Progressive on my 2016 650LT, but I was shocked when I added it to my policy last time. The rates were twice what I was paying for my Vulcan 1600. I'm wondering if they consider the Versys as a sport bike?

Any collective wisdom on insurance companies appreciated.
I bought a 2016 650 LT, added it to my insurance, and was appalled to find out that the insurance bill for the 650 was almost the same as my ZX14R (granted, Percy is a 2008, but still able to smoke just about anything on 2 or 4 wheels.) I'm baffled at how a 185HP ICBM with turn signals costs the same as a meek, mild 650 Versys.

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post #24 of 36 (permalink) Old 03-23-2017, 01:22 PM
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Keep in mind: Comparisons of insurance premiums across state lines are fairly useless, and "full coverage" is an essentially meaningless term within the industry. The best source of insurance knowledge is your state's insurance commissioner (or similar office; the title varies) and the personal injury attorneys in your state who deal with insurance claims and coverages day in and day out.
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post #25 of 36 (permalink) Old 03-30-2017, 05:22 PM
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I have my autos with American Family, and my motorcycle (currently a Vulcan 900) with Progressive. I actually just compared prices a couple weeks ago, and was surprised at what I found. I currently pay $172 / year with Progressive on my Vulcan, while AF is $88 for the exact same coverage. I hope to get a Versys 650 soon, and Progressive wants $403, while AF is $142. Needless to say, I'm going to switch when my Progressive policy comes due in May.
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post #26 of 36 (permalink) Old 03-31-2017, 08:37 AM
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Originally Posted by FL410 View Post
I have my autos with American Family, and my motorcycle (currently a Vulcan 900) with Progressive. I actually just compared prices a couple weeks ago, and was surprised at what I found. I currently pay $172 / year with Progressive on my Vulcan, while AF is $88 for the exact same coverage. I hope to get a Versys 650 soon, and Progressive wants $403, while AF is $142. Needless to say, I'm going to switch when my Progressive policy comes due in May.
you can switch now and save money. Why wait?
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post #27 of 36 (permalink) Old 03-31-2017, 11:32 AM Thread Starter
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Unfortunately, American Family Insurance isn't available in all states. Not available in California
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post #28 of 36 (permalink) Old 03-31-2017, 05:07 PM
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Originally Posted by twowheeladdict View Post
you can switch now and save money. Why wait?
I'd only save $14 by switching now, so it's not a big deal to me. In addition, it seems everything comes due this time of year (vehicle & house insurance, vehicle registration & taxes, federal & state taxes, etc, etc), so I'd rather let my motorcycle insurance wait a couple months...
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post #29 of 36 (permalink) Old 03-31-2017, 06:40 PM
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Originally Posted by iceman73 View Post
09 650 full coverage 2m liability and 500 deductible. I pay $620/ year in Ontario Canada. Part of the reason I went with the V originally was the cheap quotes.

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I dont know where you live in Ontario ... here in Simcoe for a 2016 I pay 927.00 full coverage, $500 ded, 2 mill liability ..... in Ontario its based on driving record and location. I have been licensed for 43 yrs and never had a ticket or a claim ... what I was told was it is my location and due to the fact we are close to Pt Dover where the rate of motorcycle accidents is crazy, I pay the penalty .... now if everybody would just stay home, my rates would go down. .... hell, I dont ever ride down there , to scary for me.

And as I flipped into 6th, I could not remember a damn thing she said ....
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post #30 of 36 (permalink) Old 03-31-2017, 08:07 PM
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Originally Posted by whiting57 View Post
I dont know where you live in Ontario ... here in Simcoe for a 2016 I pay 927.00 full coverage, $500 ded, 2 mill liability ..... in Ontario its based on driving record and location. I have been licensed for 43 yrs and never had a ticket or a claim ... what I was told was it is my location and due to the fact we are close to Pt Dover where the rate of motorcycle accidents is crazy, I pay the penalty .... now if everybody would just stay home, my rates would go down. .... hell, I dont ever ride down there , to scary for me.
I live in Barrie, born and raised in Brantford. I also have 2 cars, 2 bikes and home insurance, all with TD, gives decent discounts.
I'm not into the Pt Dover thing either but my dad loves to get into his leather and ride his Victory down there so I've been twice.

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post #31 of 36 (permalink) Old 04-13-2017, 01:16 AM
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Probably useless info for you - but for reference.

I live in Denmark and I pay DKR 6000,-/year (USD equivalent 855,-)

Thats full coverage including getting the bike stolen (for some reason theft cost extra in DK)

Jakob
Denmark

"Remember your moms and dads when you ride. When you take care of yourselves, you are honoring them with your most precious gift... your lives. It is not in the scheme of life for your child to pass before you do. Be sure that you do all that you can to ensure that you honor that truth."
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post #32 of 36 (permalink) Old 04-13-2017, 09:37 AM
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I guess there are some benefits to being old and boring. I have my bikes with Progressive but nothing else. My regular insurance agent actually recommended them since they are so cheap.

I had my DR790 insured for $100k liability, comprehensive at a $250 deductible and no collision. Just added my new to me 2014 Versys 650 with the same coverages. My yearly premium jumped from $75 to a ridiculous $124.

1974 Kawasaki F11
2005 Suzuki DR790
2014 Kawasaki Versys 650
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post #33 of 36 (permalink) Old 04-13-2017, 11:42 AM
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Originally Posted by kenr74 View Post
...I had my DR790 insured for $100k liability, comprehensive at a $250 deductible and no collision. Just added my new to me 2014 Versys 650 with the same coverages. My yearly premium jumped from $75 to a ridiculous $124.
FWIW - I put 'collision' onto the insurance when I got my '09 650 back here in Canuckistan, and GLAD I did, when I low-sided on the Dempster Hwy, ending up w/ an insurance "write-off" when I got back home (June 2015), giving me $5,000 towards the new '15 650LT (about $9K plus tax, as I remember).

Certainly worked-out for ME....

- -

Ed
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'08 V - BIG RED - AZ, '15 V650LT - the GREEN HORNET TOO - BC, and ('09 V - the GREEN HORNET - recently deceased..
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My Versys trip to D2D 2013, June '13

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My Versys trip to D2D 2015, June '15

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My Versys trip to D2D 2016, June '16

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post #34 of 36 (permalink) Old 04-13-2017, 12:15 PM
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I've thought about adding collision but just self insure instead. Never had an at fault accident but I know I'm rolling the dice.

I have a higher chance of hitting a tractor than low siding where I live anyway.

On the other hand, my house is insured through the roof. If it catches fire the ashes will be cold before the trucks get here.

1974 Kawasaki F11
2005 Suzuki DR790
2014 Kawasaki Versys 650
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post #35 of 36 (permalink) Old 04-16-2017, 11:49 AM
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I had progressive on my FJR for 8-years, full coverage ($500 deductible comp&coll) and it was $320~a year. For the Versys they quoted me $1100!

I went with Geico, same coverage for $278 a year.

2016 Versys 1000LT Roseville, CA
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post #36 of 36 (permalink) Old 04-22-2017, 08:04 PM
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I did go on line and tried to make some changes. It showed that I had made some changes but it did not show up on the policy when I got it. I went to a local agent and was told that because I had bought it on line he could not make any changes. I believe that I will let the policy run out and then go back to what I had!
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