What's a reasonable yearly insurance rate?
#11
10-04-2017, 07:08 PM
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#12
10-07-2017, 10:20 AM
I am in Ontario Canada. 1995 FXD minimum liability nothing else $950 / year. That Co. has 2 trucks, my house & farm as well.
Only one Co. in the country will insure pre 1970 bikes ( Hagerty does in the US but not here) 1943 WLC $1500 / year minimum liability & nothing else.
I really question Hagerty's thinking. If I was in Arizone where I could ride almost every day of the year on my 45 they would cover it for $250 / year full coverage. Here where if we are lucky we get 2 months of good riding weather, they will not cover it at all. I have 10 cars insured with them & the rates are really reasonable.
Jack
Only one Co. in the country will insure pre 1970 bikes ( Hagerty does in the US but not here) 1943 WLC $1500 / year minimum liability & nothing else.
I really question Hagerty's thinking. If I was in Arizone where I could ride almost every day of the year on my 45 they would cover it for $250 / year full coverage. Here where if we are lucky we get 2 months of good riding weather, they will not cover it at all. I have 10 cars insured with them & the rates are really reasonable.
Jack
#13
10-07-2017, 02:08 PM
I have a second bike with an NADA of $1400 and liability for that is $106/year.
A lot of variables go into what you pay:
Age
Credit Score
Home Address
Driving record
Weight of Vehicle
...and more
What you pay for insurance is some very serious science; those acuaries makes some serious coin figuring out EXACTLY how much risk each of us represents and the policy reflects that scientifically derived risk.
Last edited by HDSlimJim; 10-07-2017 at 02:09 PM.
#14
10-10-2017, 04:24 PM
Yeah, it's pretty meaningless to say "what does full coverage cost". Too many factors go into it. Obviously, if you only have $10,000 liability and $10,000 property damage coverage, it's gonna be a lot less than if you have $500,000 CSL. In Louisiana, my UM coverage costs more than my liability - are you quoting with UM?
I pay about $2,500 a year with $250K/500K BI and $250K PD, with low deductible comp and collision, and UM in the same limits as BI. The biggest hunk of the premium goes toward coverage on the N1K.
I pay about $2,500 a year with $250K/500K BI and $250K PD, with low deductible comp and collision, and UM in the same limits as BI. The biggest hunk of the premium goes toward coverage on the N1K.
#15
10-12-2017, 05:18 PM
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#16
10-12-2017, 06:25 PM
In WI with American Family two bikes both with 250,000/500,000/100,000-- body and property liability, 100,000/300,000 uninsured motorist, 100,000/300,000 underinsured motorist, 10,000 medical, 500 deductible, guest passenger and additional equipment (extras)... 2015 Ultra 2003 $432.40 883 Sportster $364.30 per year... WI does not necessarily require, but suggests uninsured and underinsured coverage... this includes multiple vehicle and home discount. Clear record for over 30 years, no claims....
#17
10-12-2017, 07:00 PM
#18
10-15-2017, 11:23 AM
