Insurance Cost

[TrailBoss]

As if you didn't need another reason to buy this bike, I just updated my insurance (Progressive) and my rate increased $40 per year! This is an add to an existing 2 cycle policy, so it'll be different for others, but wow...

 

[range rat]

I have Foremost and pay $110 for 4 bikes, just liability

 

[TrailBoss]

I have Foremost and pay $110 for 4 bikes, just liability

Yeah, liability is the cheap part of the policy. The bulk of my yearly cost is in the collision/comp insurance.

 

[fmdualexhaust]

I haven't spoken to my agent yet but expect the increase to be minimal even with my higher than normal coverage.

 

[Bean]

I've heard that sometimes your insurance goes down. Because you can only drive one thing at a time.
If you are driving your $4K motocycle, you won't be driving your $40K truck as much.

Bean

 

[TrailBoss]

I've heard that sometimes your insurance goes down. Because you can only drive one thing at a time.
If you are driving your $4K motocycle, you won't be driving your $40K truck as much.

Bean

So when I said my insurance only went up $40 in total, what the details actually show is that the yearly insurance on the Trail was about $75. So yes, at the line item level my other bikes did go down, but overall it still went up. But I can certainly see a scenario where it could go down overall if you were insuring a really costly bike and then added something cheap. It's at least possible, though personally I've never seen an addition of a vehicle to an auto or cycle policy actually result in it.

 

[ichibancarlisimo]

I payed 110 for a year of full coverage 500 deductible

 

[AZ7000']

I payed 110 for a year of full coverage 500 deductible

Me too.

 

[r80rt]

I pay $50 a year for liability