Insurance? - Honda CBR500R Forum : CB500F and CB500X Forums
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post #1 of 18 (permalink) Old 04-09-2019, 09:52 PM Thread Starter
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Insurance?

I currently have a Rebel 300....and I'm looking at the CB500F


I pay $218 per year for the Rebel 300 insurance. I asked my agent to run a quote with the 500F...and it came back at $588 per year. That's more than double for a 'next-jump-up' in engine size. Double? This doesn't seem right. I know motorcycle insurance is a stand alone policy. (it's not part of your auto coverage) So I'll be looking elsewhere.



If I can ask, what do people pay for a CB500R/X/F, and with what company?


(The agent also ran a Yamaha MT 07, and it came back $824 per year)

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post #2 of 18 (permalink) Old 04-10-2019, 04:01 AM
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Not relevant as I am in Australia & been locensed for 30 years but is around $1/day
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post #3 of 18 (permalink) Old 04-10-2019, 08:58 AM
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$350 for the year in cali.
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post #4 of 18 (permalink) Old 04-10-2019, 12:07 PM
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post #5 of 18 (permalink) Old 04-10-2019, 01:12 PM
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$308 per year in SC

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post #6 of 18 (permalink) Old 04-10-2019, 05:12 PM
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$98 per year in Cali. Understand that this covers only the liability issues mandated by law. The motorcycle itself is not covered.

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post #7 of 18 (permalink) Old 04-10-2019, 08:53 PM Thread Starter
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Quote:
Originally Posted by motohonace View Post
$98 per year in Cali. Understand that this covers only the liability issues mandated by law. The motorcycle itself is not covered.

Thanks for the clarification...otherwise it would be strange.


Thanks to all the other responses.
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post #8 of 18 (permalink) Old 04-10-2019, 09:32 PM
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$320/yr full coverage in Houston Texas...but move one county outside of Harris County and it is $150/yr. Thank you Bike Thieves for keeping the rates high in Harris County!
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post #9 of 18 (permalink) Old 04-12-2019, 10:55 AM
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In Ontario, Canada, I am paying about 770 USD (1030 CAD is my current quote with All State, but I might shop around for a better deal this year) for the year with full coverage at 32 years old (full motorcycle license for about 5 years now).

Does that $300 cover $500,000 in liability if you're at fault in an accident, or is it only like $25,000?

In Canada (or at least Ontario), I think it's law to have something like a million dollars liability insurance. The benefit is that in an accident there's no need for personal lawsuits to settle things (which probably costs more in the end, I would imagine). Everybody with insurance should have enough coverage to cover the damages. And I think those of us with full coverage are also protected if the other guy is at fault and isn't insured.

I saw a motovlog months ago of a Canadian rider that was in the US, and a woman hit his bike and wrote it off. It was her fault, but she only had like $25,000 coverage, and it wasn't enough to cover his bike and medical bills which totaled something like $60,000 or something (off the top of my head). He ended up having to personally sue her for the rest of the money. That sounds like a terrible system.

I'm just curious if that's why you guys are paying so much less for insurance down there.

I mean the best with what I say. It doesn't always sound that way.
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post #10 of 18 (permalink) Old 04-12-2019, 11:45 AM
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"I saw a motovlog months ago of a Canadian rider that was in the US, and a woman hit his bike and wrote it off. It was her fault, but she only had like $25,000 coverage, and it wasn't enough to cover his bike and medical bills which totaled something like $60,000 or something (off the top of my head). He ended up having to personally sue her for the rest of the money. That sounds like a terrible system."

It is different here in US from state to state as to the minimum requirements. I would have to check mine, but I am sure it covers liability more than $25,000 - I think it is 100,000.00 & I also bought fire & theft -but not full coverage to cover my motorcycle in case of it being my fault.

To me, that is better than the Canadian system which has a socialist flavor to it.

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