Really? So you're telling me that insuring a 1199 Ducati Panigale and a 1200cc cruiser will be the same price at State Farm?
Yes.. Another good example is a Ninja 650 vs a ZX6R, the 650 will be more expensive...
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Knocked over GS500 @ Bay/Bloor
- Thread starter chevvas
- Start date
Yes.. Another good example is a Ninja 650 vs a ZX6R, the 650 will be more expensive...
EaZ8
Well-known member
not with state farm...they wanted double what im paying.
i with wawanesa , who gives discounts for long time customers, with multi vehicle coverage,no tickets, and NO claims.
i was given a extra 30% off their usual rates for not having any claims (5 star record i think they called it), plus i think it was 10-15% because of multi vehicles (multi line discount).
they told me for my record, as long as its not turbo (they wont cover turbos at all) the rate would only go up about $10/year for every 10 grand more the NEW purchase price of it was for all bikes over 700cc.
for them, as per their rate chart... 699cc and below is a different class (no clue what class they consider it). i did not get quotes on other bikes through them.
so me paying 527/yr on mine worth new msrp call it $10,000 ish if i bought a $30,000 bike i would add about $20/year for a total of $547/year.
this is just what my broker told me based on his chart.
they also will not insure M1 riders usually, but i had my M2 before and ive already passed the m1 exit course through humber so they made a exception. they also will not do ONLY your bike, you have to have at least 1 car with them... i have 2 cars and my bike.
Really? So you're telling me that insuring a 1199 Ducati Panigale and a 1200cc cruiser will be the same price at State Farm?
state farm...probably..with the exception of the theft and comprehensive sections of the coverage. im sure there is slight variations based on the repair costs and likelihoods of theft.
although sportsters and dynas are easier to steal and get clean vins for since they make about a million different after market frames for them... "its a custom harley, built from the ground up with all oem parts and a custom frame"...ya right....clean vins cost you about $500 and a afternoon of wrenching now... how bs is that.
state farm wanted more for my cruiser than my friend pays for a newer 600cc super sport.
call them and ask.
insurance companies all have their own policies, rules, and guideline charts.
some are standard between companies, but others are not, which is why some companies are more than others.
btw- really like your Duke.. its on bikes to add to the collection list. ide like to have a sport/street fighter bike and a cruiser.
DOHC1
Well-known member
Wheres the love for YorkU students?
The claim won't raise your rates. Someone crashing into your bike while you're not even ridign it doesnt make you more of a "risk" in the insurance companies eyes. Yes there will be a claim on your record, but it will be NOT at fault, so it wont be used while determining your rate. I would get a quote on the cost of repairs, and then check your deductable (if you can't locate the other driver), then act accordingly. Go to the cops ASAP with the note, you dont want the ******* fixing the damage before the cops get to it.
Im kinda lost... first you say state farm does not go by CC and then you say state farm wants more for your cruiser than a 600cc SS? Doesn't that imply that statefarm does infact go by cc because your cruiser costs more than a 600CC?
Wow. Sorry to hear ..
I had mine tipped over near Yonge/Finch a few years ago .. had my helmet attached to the bike and everything.
There was a SUV so close to the front tire, i just assumed it was him. I waited for him patiently yet stewing ..
I had mine tipped over near Yonge/Finch a few years ago .. had my helmet attached to the bike and everything.
There was a SUV so close to the front tire, i just assumed it was him. I waited for him patiently yet stewing ..
EaZ8
Well-known member
how old are you?
im 28...and as i said...lots of discounts with a clean record.
it all depends on how you set up your policy. you can add 1000 deductible to it if you want, and it will lower your annual cost a little.
when i was younger and had higher insurance on my cars i had them add $500 deductible to non-at fault claims which got my annual cost down. it was worth it for me... just keep that $500 aside for if something happens so you dont get a surprise bill.
"Your vehicle has been hit by an unidentified third party (hit & run)"
If you read my posts before just taking snippets...
"Yes in an ideal situation you wont have to pay the deductible but what are the chances of that?"
"Just because he has a plate number doens't mean thats the right person..."
"And what im saying is, how often is it that someone finds out who really knocked it over?"
If you have the plate # of the vehicle then you're in a better position than most, assuming you reported the collision within the required time frame. Talk with your ins. co. and go over the options available to you, then make your decision. You should be able to source replacement parts for that bike fairly easily. If you do fix it up yourself you now have that additional experience under your belt as well.
kiwi
Well-known member
kiwi
Well-known member
Some people are delusional on how much it may cost to fix a knocked over bike - Imagine the cost for parts and labour for a Ducatti, BMW or any high end bike. Actually even the plastics and decals for a stock Suzuki can be in the $100s
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Premiums only go up for an at-fault claim. Whether 50% or 100% at fault it doesn't matter. I have two not-at-fault claims on my abstract. One for 3 years and one for just over 1 year. Neither made a difference on my car's insurance (which actually just went down from $330 a month to $208 in February) or to my bike insurance which just began this January. I specifically asked the woman at John R Duffy if my two not-at-fault accidents would affect my bike insurance rates and she said not at all, comprehensive and/or 100% not-at-fault claims never make an impact on rates. It's normal for insurance to increase by small amounts (~5-10%) from time to time upon renewal. Inflation shouldn't be a new concept to anyone on this forum.
I had a work collegue who had 3 vandalism / content theft claims in a year under his comprehensive. Nice car but not so nice neighbourhood. After the 3rd claim the insurance co. said he was a bad risk so they cancelled his comprehensive - or I think he had the option of having higher comprehensive premiums. He ended up moving.
You know...you really should put him on ignore.
This thread should be moved to the insurance forum now.
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