[rwanamak]

Hey everyone, I posted the below on the 600rr forum as well, but it really applies to all supersports, and I'm dying to know what's going on. If you've got a minute or two, see if you can help me out:

Has something happened with insurance rates recently? I cannot get a quote on a 600 below 4k a year, regardless of who's information I type in. It's not just me (although my driving record is currently spotless), no matter what generic parameters I give for these online quotes, the price comes back well over 4k, when I'm expecting it to be around 500-1000.

I've tried Progressive, Allstate, Geico, different locations across the country, different age groups, different years of riding experience... Nothing produces a quote short of insanity. The reason I've tried all of these combinations is because in the past I have changed the parameters just to determine if my age was holding me back (obviously it always was). I am young, so I am expecting to be hit for that, but now it doesn't seem to make a difference. Always 2,3,4k +.

Somebody, please, get a quote for something reasonable, and then tell me how you did it so I can recreate it.

Edit: (I'm referring to collision and comprehensive coverage btw... with max $500 deductible on each.)

Thanks

Lets face it, insurance is legalized theft from a person! They charge whatever they think the "market" will bear because most states/countries mandate you have it. Many insurers do use credit scores to assess your fine, er, I mean insurance costs. AND, credit scores themselves are a hot mess. Ever try to decipher your credit history?? Nope, until we are all $oaked enough, and angry enough to demand insurance reform, we are doomed to pay, pay, pay.

 

[Joram144]

That's actually where I'm at now. Phoenix seems to be a bitch on motorcycle insurance.

I'm sure accident rates and the fact that you can ride all year play large roles in these prices.

Try getting a hold of Fischer Specialty Insurance. All they do is motorcycle insurance. See if Marc can help you out.

Like I said, I'm paying a little over $300 a year, that's it.

 

[Droman1972]

Lets face it, insurance is legalized theft from a person! They charge whatever they think the "market" will bear because most states/countries mandate you have it. Many insurers do use credit scores to assess your fine, er, I mean insurance costs. AND, credit scores themselves are a hot mess. Ever try to decipher your credit history?? Nope, until we are all $oaked enough, and angry enough to demand insurance reform, we are doomed to pay, pay, pay.

Not to mention the amount of money they spend on advertising all claiming to be cheaper than one another. I honestly have sat thru entire 5 min segments of TV breaks seeing nothing but back to back to back to back commercials from the GEICO gecko, Flo from Progressive's new commercial of the week, "Like a good neighbor...State Farm...", The cartoon General, a second GEICO commercial during the same break, to finally Mercury Insurance "secret lab". It's insane, and I don't even think I named half of them. Maybe if they all stopped paying all that money to be running commercials every other minute we could all save hundreds even thousands a year.

 

[Rocky244]

@Rocky244.

WOW. WOW. I'm floored. I just got off the phone with State Farm. Deductibles for collision and comprehensive at $500, 100/300/100K liability full coverage only $80 a month!!!!! 2015 Kawasaki ZX-6R ABS. 29 female licensed a little over 2 years no accidents or tickets.

I'm back to thinking about my upgrade now.

Eureka! State Farm has 6-month premiums of $800-1000 (oddly enough, the CBR is the most expensive out of the CBR, Daytona, Panigale set). Still high, but this is the first set of numbers I've gotten that didn't make my head spin.

Thanks for the tip!!! There's still a chance!

Try getting a hold of Fischer Specialty Insurance. All they do is motorcycle insurance. See if Marc can help you out.

Like I said, I'm paying a little over $300 a year, that's it.

I will absolutely do that, I will let you know how it goes.

Thanks!

 

[GRIZZY]

I pay $200 a year for CBR 500R and I called to see what it would jump to if I got a cbr1000 rr and it would be over $700.This is for a 50 year old with a clean driving record.

 

[giraffe]

I know someone who knows an agent at State Farm and apparently they insure moto based on a 100% crash rate. Great!

I think the quotes we are reading here vary mostly from a geographic and coverage standpoint. With that said, I think the same person with same coverage who moves from one place, say, California, to the next, say, Oklahoma will see the discrepancies that we are seeing. Someone with max coverage versus min coverage but both offering full coverage will also differ. So full coverage doesn't paint enough of a picture. So really, not a fair comparison for the most part. Also, for me in California, all of the smaller insurance companies gave me the highest quotes. Like $4-5K.

Turning 30 in Dec and nothing would make me happier than getting a Ninja during their 30th anniversary. Perfect, right? Nay to Kawi green, though. The grey all the way.

 

[jk47]

Look at Dairyland Insurance....decent rates and good coverage.

 

[giraffe]

@jk47 YMMV. Dairyland wanted $3-4K for me. I laughed out loud when I saw the quote, literally.

 

[Kyle86GT]

Must have been on base... what officer issues a ticket for 5 over?! Doing this 35+ yrs, never less than 9-10 over. and rarely at that.

Iowa State Trooper actually. Was going by the raceway during a race. They were pulling over everyone in a sports car it looked like.

As far as the insurance rate thing. Location is key also. I can change the zip code and have 15% fluctuations in price.

 

[Rocky244]

Went and test rode a Daytona 675R and a CBR600RR today.

The 675R engine was smooth, and the shifting was precise. The 600RR was a bit rough and the shifting clunky. More comfortable seating position for me at first, but they were still similar.

I don't think I can buy a 600RR after those rides, but I'm not sure I want to get a 675R either, and they don't have my favorite color in the 675 standard.

At least the insurance is about $400/year less for the 675 standard...

 

[Dave Edwards]

As far as the insurance rate thing. Location is key also. I can change the zip code and have 15% fluctuations in price.

Very true. I just moved 10 miles and my insurance on both my car and bike dropped about 30%.

 

[Dave Edwards]

I will never understand this insurance stuff. Apparently now I insurance a Daytona 675R for around the same price as my 500?!

Just emailed my State Farm agent and this is what I got:

Your currently paying $40.68 a month
For the Street Triple : its $42.40
For Daytona 675-$45.29
For Daytona 675 R- $44.88

Is their any logic to this?

 

[Fishbowl]

I have Pacific Specialty Insurance. I was caught in the same pickle as the OP. I wanted to purchase a 636 and Geico wanted a small fortune for insurance. Then a co-worker of mine who rides a Harley told me about these guys.


Insurance Quotes - Property & Powersports Insurance | Pacific Specialty


I now have that 636 along with my CBR500R, a 2006 FZ1, and a Yamaha Zuma Scooter. All full coverage except the FZ1 for roughly $70 / mo.

 

[Kyle86GT]

I will never understand this insurance stuff. Apparently now I insurance a Daytona 675R for around the same price as my 500?!

Just emailed my State Farm agent and this is what I got:

Your currently paying $40.68 a month
For the Street Triple : its $42.40
For Daytona 675-$45.29
For Daytona 675 R- $44.88

Is their any logic to this?

It comes down to what insurance has to pay out per motorcycle crash. Every young guy buys a ZX6-R, R6, CBR600RR, or GSX-R600. They all wreck them so insurance is going to increase the rates. **** the CBR600 could have only 1 accident per 100 sold but falls in the same category as an R6 that has 90 crashes per 100 sold, so it gets lumped in.

Look at the Daytona, not many or sold so there is probably less crashes claimed. It's a 675cc 3cyl, not a 599cc inline so its grouped differently. The owners aren't typically 20 year old men. In other countries the Daytona actually gets classed in a difference insurance group.

 

[Dave Edwards]

It comes down to what insurance has to pay out per motorcycle crash. Every young guy buys a ZX6-R, R6, CBR600RR, or GSX-R600. They all wreck them so insurance is going to increase the rates. **** the CBR600 could have only 1 accident per 100 sold but falls in the same category as an R6 that has 90 crashes per 100 sold, so it gets lumped in.

Look at the Daytona, not many or sold so there is probably less crashes claimed. It's a 675cc 3cyl, not a 599cc inline so its grouped differently. The owners aren't typically 20 year old men. In other countries the Daytona actually gets classed in a difference insurance group.

Yeah I thought it was something like that so I had them quote a CBR600RR—$43.71 per month! Only 3 bucks more than I'm paying for my 500. Just doesn't make any sense.

 

[J-Bird]

I am currently paying about $950 per year for the 500R right now with full coverage but with higher deductibles and lower levels of coverage. Going to an Ninja 636 would take the insurance up to about $1450 per year with the same coverage. We pay the monthly insurance only during the riding season, May till September, so I am currently paying about $175 per month. The 500R falls into the lowest CC category under 499CC and the middleweight sport bikes fall into the 500-999CC category.

 

[Johninaz]

I pay about 350.00 a year but I can't help but wonder how much of the hard times motorcycle company's complain about is insurance. My $5000.00 bike costs more to insure than my $30,000 truck both 2014 models. Just on insurance costs alone I can't afford a larger bike unless it's a cruiser. This little Honda is about the same insurance as my Harley Fat Bob was.

 

[Rocky244]

Yeah I thought it was something like that so I had them quote a CBR600RR—$43.71 per month! Only 3 bucks more than I'm paying for my 500. Just doesn't make any sense.

Dave,

It's because State Farm has favorable formulas at the moment. Every other place on the planet shares similar costs, State Farm is the only one in their own little world (not that I'm complaining).

They probably did something incorrectly, and seeing as it's just parameters they plug into a formula, once that formula is set it's just pure gain for us from there.

Told you though, State Farm makes it possible . Get those rates locked in now before they go up next season when they realize they need to fire their actuaries.

 

[Dave Edwards]

Dave,

It's because State Farm has favorable formulas at the moment. Every other place on the planet shares similar costs, State Farm is the only one in their own little world (not that I'm complaining).

They probably did something incorrectly, and seeing as it's just parameters they plug into a formula, once that formula is set it's just pure gain for us from there.

Told you though, State Farm makes it possible . Get those rates locked in now before they go up next season when they realize they need to fire their actuaries.

Thanks Rocky! Very tempted now that owning a supersport actually seems affordable.

 

[Kyle86GT]

Get a quote on a GSXR-600 for curiosity sake. GSXR's have always been stupid high for me, today on the interstate I was passed by a new GSXR... Guy was in shorts and muscle shirt lane splitting 30mph over every one else in a construction zone. It reminded me why the rates are so high...