insurance on an rc51..higher?
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07-06-2008, 09:47 PM
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07-06-2008, 09:48 PM
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RE: insurance on an rc51..higher?
ORIGINAL: CBR76
Not through State Farm as far as I knew. When I bought my 600rr in'06they told me that I had to have a vehicle in order to insure a bike through them. There was no mention of a bike-only policy and even when I asked they just repeated that I needed to have a vehicle insured. I can see why they didn't want to come out with it..more $$$ for them. Regardless, it was still cheaper for me to insure a car I didnt use and my bike through them than get a bike-only policy through Geico, Progressive, etc. Its funny but when I first asked the guy about bike-only policies the other day there was a long silence and then "Welllll..."
ORIGINAL: rangerscott
You didnt know bikes have their own insurance policy?
ORIGINAL: CBR76
I wanted to add that State Farm DOES have bike only policies but you have to ask for it. The insurance rep told me that there's two types, Mutual and Standard. Mutual has the preferred rates and standard is where you'd have a bike only policy. I was planning on insuring a Toyota Corolla (that I wouldnt even be driving) so I could get a State Farm policy on a '07 1000rr and the cost would have been $1205 a year. After bugging the rep he (seemingly reluctantly) told me of the standard policy, where I'd pay $758 a year. Thats with full coverage, $1000 deductible, and Im 31, single, no points/accidents. If I paid the $1205 for a multi-vehicle policy it would have been $550 a year for the bike. As TK954RR said, its based on the bike's CCs so the RC51 rate shouldnt be any different, although the HRC stickers makes it faster
I wanted to add that State Farm DOES have bike only policies but you have to ask for it. The insurance rep told me that there's two types, Mutual and Standard. Mutual has the preferred rates and standard is where you'd have a bike only policy. I was planning on insuring a Toyota Corolla (that I wouldnt even be driving) so I could get a State Farm policy on a '07 1000rr and the cost would have been $1205 a year. After bugging the rep he (seemingly reluctantly) told me of the standard policy, where I'd pay $758 a year. Thats with full coverage, $1000 deductible, and Im 31, single, no points/accidents. If I paid the $1205 for a multi-vehicle policy it would have been $550 a year for the bike. As TK954RR said, its based on the bike's CCs so the RC51 rate shouldnt be any different, although the HRC stickers makes it faster
You didnt know bikes have their own insurance policy?
Ya, I'm sure anything they can tack on makes their pockets happy.
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