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  #1  
Old 12-07-2012, 12:27 AM
Murph Murph is offline
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Join Date: Dec 2012
Location: Aurora Colorado
Posts: 85
Default First Post and A Question

Hi all! I did the rider training course offered here in Colorado by Iron Buffalo and got my liscense endorsed. I just bought my first ever bike, a 2008 Versys 650. Now I need to get it insured.
I am a little confused about how much coverage might be appropriate for me. I am 59 years old and have a good driving record. I have looked at quotes from a few companies and I don't really need a reccomendation for who to use, I just wonder how much and what kind of coverages are typical? Including collision coverage seems to really up the premiums- is it really worth it? I bought a set of maintenence/debt insurance/warrantry options from the dealer I bought the bike from already.
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  #2  
Old 12-07-2012, 12:42 AM
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kiwi 41 kiwi 41 is offline
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2008 Kawasaki versys
Join Date: Mar 2010
Location: 44.24'S 171.15'E Timaru, NewZealand
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Welcome and not sure about your insurance over there but I do know bike insurance is not cheap where ever you go.
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  #3  
Old 12-07-2012, 01:20 AM
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MTS MTS is offline
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Location: NW USA
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More coverage more money.
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  #4  
Old 12-07-2012, 02:04 AM
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Fastoman Fastoman is offline
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2009 Kawasaki Versysy
Join Date: Sep 2009
Location: Ipoh.Perak.Malaysia
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Insurance is an assurance for the unseen. The higher the value the better the return. Cover yourself and the bike well so you dont sit with your hand on your head should anything happen.

wish you well and
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  #5  
Old 12-07-2012, 01:09 PM
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fasteddiecopeman fasteddiecopeman is offline
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Join Date: Jul 2008
Location: Kelowna, BC - summer; Florence, AZ - winter
Posts: 7,023
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I use "Dairyland" and carry 250/500 liability, plus collision, at about $250 year.
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Ed

My KLR trip to Alaska, YT, NWT and BC in summer 2009
http://www.klr650.net/forums/showthread.php?t=69383

My Versys trip to D2D 2013, and Alaska, June '13
http://www.kawasakiversys.com/forums...ad.php?t=33153
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  #6  
Old 12-07-2012, 04:17 PM
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Versystole Versystole is offline
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Join Date: Jul 2011
Location: Aspen, CO
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Quote:
Originally Posted by fasteddiecopeman View Post
I use "Dairyland" and carry 250/500 liability, plus collision, at about $250 year.

I have pretty much the same... from State Farm, for around $244 a year, bundled with my other insurance (car, homeowner's).
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  #7  
Old 12-08-2012, 01:00 AM
Murph Murph is offline
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Join Date: Dec 2012
Location: Aurora Colorado
Posts: 85
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My car and homeowner's insurance is through AARP/Hartford. They don't do motorcycle insurance but use a sister company who quoted me a policy with comprehensive/collision at about $550 a year. American Family and Geico quoted about the same for the same coverages. Maybe it's because of my age?
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  #8  
Old 12-08-2012, 04:34 AM
Jmason Jmason is offline
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Join Date: Sep 2011
Location: Littleton, CO
Posts: 178
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Greetings from Littleton! I've got an '09 Versys. You've got a few years on me, but through Progressive my policy is only $182/year. That includes comprehensive and collision, with $750 deductibles.

I did just notice my BI and Property Damage are pretty low, I may look into changing them.
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  #9  
Old 12-08-2012, 11:01 PM
Murph Murph is offline
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Location: Aurora Colorado
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Thanks for the suggestion. I hadn't looked at Progressive yet, I'll give them a look.
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  #10  
Old 12-09-2012, 12:25 AM
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kenr74 kenr74 is offline
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2009 Kawasaki Versys
Join Date: Apr 2010
Location: The wet part of Oregon
Posts: 733
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Progressive has always been the cheapest for me by far. My V fully covered is around $200/yr. Crank up the uninsured motorist coverage. If you get hit on the bike it will hurt your wallet if they other driver isn't covered.
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  #11  
Old 12-09-2012, 02:30 AM
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SauceyFeet SauceyFeet is offline
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Join Date: Mar 2012
Location: Ringwood, NJ
Posts: 160
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Wow looking at what others pay makes me sad! I have fully coverage... 100/300 liability, 100/300 uninsured (important), collision and comp each with a $1000 deductible, and up to $3000 in accessory coverage. I'm 26 and after all my deductions it's still just under $500 for the year! It's worth it though and it already paid for itself after my first V was stolen. Progressive is what I use and they offer a loooot of different discounts, I would check them out.
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  #12  
Old 12-09-2012, 06:18 AM
ray h ray h is offline
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Join Date: Jun 2011
Location: Waynesboro PA
Posts: 534
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I've got Riders Insurance. I just carry comprehensive and liability for around $120/yr.
I did have Progressive until they got greedy and wanted too much money.
I had a KLR 650 through them for around $110/yr and when I sold the KLR and got the Versys it went up to $260/yr I questioned them a couple times, they told me that's what it is for a "sport" bike. I said the Versys is not a "sport" bike and they should recheck their quote. They wouldn't do it so I moved on.
Shame, I liked Progressive until then.

The reason for not "investing" in collision insurance, if I have an accident and it's my fault, I prefer to pay for it AFTER it happens, not BEFORE it happens.
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  #13  
Old 12-09-2012, 02:57 PM
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genehil genehil is offline
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2011 Kawasaki Versys
Join Date: Oct 2011
Location: Mount Dora, FL
Posts: 1,145
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Progressive for me @ 65 years old:
- $50k Bodily Injury
- $25k Property Damage
- $1k deductible Comprehensive
- $1k deductible Collision
- $3k Accessory Coverage
Total - $191.45
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  #14  
Old 12-09-2012, 03:07 PM
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Capn Kirk Capn Kirk is offline
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2010 Kawasaki Versys
Join Date: Apr 2010
Location: Virginia USA
Posts: 4,702
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Quote:
Originally Posted by ray h View Post
I did have Progressive until they got greedy and wanted too much money.
I had a KLR 650 through them for around $110/yr and when I sold the KLR and got the Versys it went up to $260/yr I questioned them a couple times, they told me that's what it is for a "sport" bike. I said the Versys is not a "sport" bike and they should recheck their quote. They wouldn't do it so I moved on.
Shame, I liked Progressive until then.
Kawasaki markets the Versys as a sport bike. That is how it is entered into the insurance and DMV database.

I love Progressive. 1/3 of the cost of my last provider and I have not found a better price anywhere.

Quote:
Originally Posted by ray h View Post
The reason for not "investing" in collision insurance, if I have an accident and it's my fault, I prefer to pay for it AFTER it happens, not BEFORE it happens.
I agree completely!
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  #15  
Old 12-09-2012, 05:24 PM
Murph Murph is offline
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Join Date: Dec 2012
Location: Aurora Colorado
Posts: 85
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I went with Progressive- I can't recall the coverages offhand, I would have to look it up, but it's costing about $30/Month, which fits my budget. I do have uninsured driver coverage. Colorado's insurance is torte rather than no-fault, so if I get hit but an uninsured driver (I have had two cars hit this way in the last 20 years, I know it happens a lot) I would have to hire a lawyer to get anything from that driver, and all they would need to do is not show up for the hearing.
Thanks for all the suggestions. Now that I'm covered, all I need is for the weather to improve (up until last night it's been unusually warm and dry here, last night we got cold snow and ice on the roads) and enough daylight time to start practicing my skills. I'm a letter carrier and the work hours have been brutal- 6 days a week, 10-12 hours a day.
It will happen, it might just take some time.
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  #16  
Old 12-09-2012, 06:42 PM
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fasteddiecopeman fasteddiecopeman is offline
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Join Date: Jul 2008
Location: Kelowna, BC - summer; Florence, AZ - winter
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Quote:
Originally Posted by fasteddiecopeman View Post
I use "Dairyland" and carry 250/500 liability, plus collision, at about $250 year.
BY THE WAY - in "communist British Columbia" I am forced to pay (roughly) $1200 per year for ONLY liability, property damage and 'fire and theft' - NO COLLISION! (I ONLY buy enough months to get back to Arizona in the fall....)
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Ed

My KLR trip to Alaska, YT, NWT and BC in summer 2009
http://www.klr650.net/forums/showthread.php?t=69383

My Versys trip to D2D 2013, and Alaska, June '13
http://www.kawasakiversys.com/forums...ad.php?t=33153
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  #17  
Old 12-15-2012, 11:13 AM
onewizard onewizard is offline
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Join Date: Nov 2008
Location: Kitchener Ontario
Posts: 476
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Quote:
Originally Posted by fasteddiecopeman View Post
BY THE WAY - in "communist British Columbia" I am forced to pay (roughly) $1200 per year for ONLY liability, property damage and 'fire and theft' - NO COLLISION! (I ONLY buy enough months to get back to Arizona in the fall....)
Don't feel bad, I pay close to $1000, with collision, in Ontario, a fellow Versys owner with a newer bike, that lives south of me in rural Ontario pays less than half that, for the same coverage.BTW I have every discount including age, I live in a high loss area.

As to collision, it was explained to me that if you parked your bike on the side of the road or in a parking lot, came back and found it damaged, collision would pay for it. I always thought it was a case of if I was involved in a accident and it was my fault that collision would pay.
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