yea that's what I thought too, I wonder if they will drop my rates in off season.

 

The only way you should by liability "one way" is that you own you bike & have health insurance provided from your work or other source. Worst case scenario if any accident, sure you would damage your bike, but your body is most important. Hospital bill??? ER cost $$$

 

I can't agree more with you there, full coverage is worth the monthly bill when I know me and the bike are both covered and I would be riding again. knock on wood it doesn't happen anytime soon or at all for that matter.

 

yes, my bike is paid off.

i doubt they will. mine wouldn't anyway.

 

I bought my bike for $3000 pay off. Would it sound right to spend $2200 a year for full coverage insurance? I'm 36 YO. Don't make sense but understanding the insurance point of view is hospital bill if any accident? Therefore I one buy liability one way for $120 a year, if bike get stolen, that's my problem. Make sure I have health insurance from work just in case any accident and I need to visit ER.

 

Well if you get a personal loan the bank can't make you get full coverage I am pretty sure. You can buy libality my bike is 4 Grand I don't feel like paying 2 grand yearly for insurance it doesn't make sense. So I'm hoping to get liability.

 

But I think if you get a personal loan they don't ask about insurance.

 

What's the interest % on a personal loan? Like 28% lol.... I would say if you only owe roughly 20% value of the bike, bank won't red flag you for insurance. For reals....I've experience purchasing a $15000 vehicle, making a $12000 down, then finance the balance. Purchased insurance since and nothing from the bank. I've don't this method for my previous 2 cars already ( knock on wood) bank still ok. Did not send me any notice to buy full cover. I guess financing a bike is same scenario. If bike purchase is $12000, if you down $7-8 grand, should be ok.... If you down $1 dollar....I believe they'll be on your back to by full cover. Every state is different but from experience & past financing anything under $5000...bank don't red flag you.

 

Progressive!!! I pay $97.00 a year

 

I have a 2002 954, I am 29 years old and have a clean driving record. Like many of the guys I found progressive to be the cheapest. For 1 year of full coverage (15/30/10 coverage, 500 deductible, and roadside) I got quoted about 1040.00 a year. Because my bike is paid off and I have medical insurance I went with liability with uninsured, $5000.00 in medical coverage(I would have to payout a max of $3000.00 per year under my medical insurance this would cover my out of pocket) and also roadside assistance (covers towing, bring gas and fluids, and covers labor on covered breakdowns) I paid 254.00 for 1 year (progressive).