Statefarm: 500cc now considered SS? | GTAMotorcycle.com

Statefarm: 500cc now considered SS?

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dj_hp

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So I got a quote for 2005 Ninja 500R from Statefarm and my agent said I'd be paying $268/month ($3216/year). He even quoted me for a 2005 GSXR-600 and it's exactly the same premium.

Does this sound right (Well I know it was done on their system so it couldn't be wrong)? I guess Statefarm changed their policy now?

With those premiums, I might as well stick to a Ninja 250 since my premium would be $133/month (21 years old, currently GM1).
 
dj_hp said:
So I got a quote for 2005 Ninja 500R from Statefarm and my agent said I'd be paying $268/month ($3216/year). He even quoted me for a 2005 GSXR-600 and it's exactly the same premium.

Does this sound right (Well I know it was done on their system so it couldn't be wrong)? I guess Statefarm changed their policy now?

With those premiums, I might as well stick to a Ninja 250 since my premium would be $133/month (21 years old, currently GM1).
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Statefarm doesn't have SS penalties yet, they rate only by engine size. You are young with an M1, cheap(er) insurance will come in 4 years or so.
 
Wheelieboy said:
500 and 600 are in the same price bracket for state farm.
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Makes sense.. Would the argument of "the manufacturer specifications says it's 498cc so it's not exactly 500cc" work? Lol

GreyGhost said:
Statefarm doesn't have SS penalties yet, they rate only by engine size. You are young with an M1, cheap(er) insurance will come in 4 years or so.
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Yea I guess.. If anything I'll just start with a 250.
 
State farm doesn't give their big discount till you have had you G for 5 years.
I pay $71/month for an 01 Honda CBR600 F4i with full coverage and I got that 2 days after I got my M1 with no Motorcycle safety course.
They don't take into account what M license you have or experience and they don't give a discount for taking the MSF course. But if you have had your G for 5 years they cant be beat.
 
jeffjones said:
State farm doesn't give their big discount till you have had you G for 5 years.
I pay $71/month for an 01 Honda CBR600 F4i with full coverage and I got that 2 days after I got my M1 with no Motorcycle safety course.
They don't take into account what M license you have or experience and they don't give a discount for taking the MSF course. But if you have had your G for 5 years they cant be beat.
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$71 a month?? How old? I'm same position ( 00 r6, G for over 10 years, just got m2) but pay 125 per month.
 
Try Riders Plus. They gave me a quote cheaper than State Farm.
 
natlat said:
$71 a month?? How old? I'm same position ( 00 r6, G for over 10 years, just got m2) but pay 125 per month.
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Switch your car insurance to them.
They were $5/month more then who I was with previously for the car insurance but when you bring your car to them they will give you a $50/month discount on your Motorcycle.
I'm 28 and that was with after getting my M1 one day earlier.
 
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