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2002 F4I Liability or Full coverage insurance?

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Old 02-11-2011, 12:01 AM
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Default 2002 F4I Liability or Full coverage insurance?

Hello all I am 19 years old and soon going to take the DMV test to get my permit! I graduated the MSF course and I am waiting for the graduation card in the mail! Anyway I am new to motorcycle insurance and my parents are not willing to help me so I have to make do with my income. My bike is fully paid off and has 30,000 miles. I decided to go for Dairyland insurance and for just liability I got just like about $10 a month. However as a beginner I think it is a good idea to get full motorcycle insurance just in case I mess up or slip and hit the curve! Anyway I also need help understanding the coverages. For example in Comprehensive and Collision when I put $100 deductible my over all monthly came up to about $120! but when I put $1,000 deductible in Comprehensive and Collision my monthly was about $70! so how come the lower the number the higher my monthly goes! I personally would get the full and most expensive coverage but I dont make very much! aside from other bills I dont believe I can afford $100+ a month. Lastly about the Bodily Injured the lower the number the higher the price or vice versa? Thank you all for your time!
 

Last edited by DevilInDisguise; 02-11-2011 at 12:24 AM.
  #2  
Old 02-11-2011, 12:03 AM
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get full coverage. i had liability and my bike got jacked. Guess how much i got for my loss? 0!
 
  #3  
Old 02-11-2011, 12:08 AM
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1000 deductable means if u get in an accident u pay 1000 outta pocket and they cover the rest...
 
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Old 02-11-2011, 12:19 AM
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Okay I also forgot to mention for "vehicle use" would it be cheaper if I put down Pleasure instead for to school and work?
 
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Old 02-11-2011, 12:45 AM
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Originally Posted by DevilInDisguise View Post
Okay I also forgot to mention for "vehicle use" would it be cheaper if I put down Pleasure instead for to school and work?
that im not too sure about
 
  #6  
Old 02-11-2011, 01:38 AM
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The less the think you ride the less you pay. They look at if your only going to ride 3 days a week other then 7 then your on the road less so there is less chance your going to wreck. And for full or liability, I have liability and pay 95 dollars a year and I all so have were if my bike get's jacked they will replace it.

On the deductable for full look at it this way if you lay it down and put a clam on your bike then your paying out that 1000 dollars be for they will pay out anything and most people just starting to ride it's going to be a low speed drop.

So you put a clam on your insurance that's going to make your price go up for a few hundred dollars for repair that your going to pay for any ways. So it's all up to you on how much you want to pay.
 
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Old 02-11-2011, 07:25 AM
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Originally Posted by mblack14 View Post
And for full or liability, I have liability and pay 95 dollars a year and I all so have were if my bike get's jacked they will replace it.
If you have liability only and your bike gets jacked... you don't get ****... sorry.
 
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Old 02-11-2011, 10:34 AM
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It's honestly up to you. If you're the type of person to get an extended warranty when you buy a laptop at a store, you're probably someone who would like that full liability. I have basic/minimal coverage because these bikes aren't that expensive, if i crash it, that 1000$ deductible is a bit much to pay. When i crashed my Triumph the repairs came to about 1400, if i had that full coverage i would've paid close to a 1000 more on my insurance than i had paid, and i'd still have had to pay that 1000$ deductible. Idk if you ask me, it depends on the bike, and cost. Financially it didn't make sense for me.
 
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Old 02-11-2011, 10:43 AM
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Originally Posted by Dragondima View Post
It's honestly up to you. If you're the type of person to get an extended warranty when you buy a laptop at a store, you're probably someone who would like that full liability. I have basic/minimal coverage because these bikes aren't that expensive, if i crash it, that 1000$ deductible is a bit much to pay. When i crashed my Triumph the repairs came to about 1400, if i had that full coverage i would've paid close to a 1000 more on my insurance than i had paid, and i'd still have had to pay that 1000$ deductible. Idk if you ask me, it depends on the bike, and cost. Financially it didn't make sense for me.
Yep... full coverage on my bike would be over $1000 more per year... plus a $1000 deductable... if it gets stolen... I may get money to pay for it, but I'm already down $2k... In two years, I would've paid for my bike again, just in case it got stolen.

Why not, just put what you would've spent on full coverage into a savings account, in a couple years, if the bike doesn't get stolen, you will have more than enough to buy a backup, ROFL
 
  #10  
Old 02-11-2011, 12:50 PM
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Originally Posted by nowensby View Post
If you have liability only and your bike gets jacked... you don't get ****... sorry.
If mine get's jacked, I get a new bike. It's a a extra thing they have for liability on bike's that you can get. Thank You...
 

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