Winter/Storage insurance question
Thread Starter
|
Road Warrior
Joined: Dec 2016
Posts: 1,854
Likes: 944
From: Lincolnshire, IL
Winter/Storage insurance question
I have my 2015 Ultra Limited insured with State Farm and I asked them to temporarily remove/suspend/or whatever they call it.... ALL the coverage EXCEPT COMPRHENSIVE (for the Chicago winter when it's kept covered in my attached garage). However, State Farm tells me that since it's considered a "recreational vehicle" in Illinois, the insurance is sold on a full year basis, so they do not offer any way of reducing the coverage temporarily. My only alternative to save some $$ would be to basically cancel my policy and have them (or another company) write a new policy in the Spring.
Question: Any other Illinois riders care to chime in? (I say Illinois because it might be a state by state insurance regulation.
Question: Any other Illinois riders care to chime in? (I say Illinois because it might be a state by state insurance regulation.
Seasoned HDF Member
Joined: Apr 2008
Posts: 23,399
Likes: 8,509
From: Spartan Country, Michigan
Yeah....don't know about Illinois...but here in Michigan I call my agent and tell them my bike goes into storage and they take the road stuff off and keep comprehensive for storage. It does reduce the cost and saves us money. Too bad your agent can't work with you. Maybe it's time to check other companies. I just did that and we ended up saving over $1200 annually for home, cars, and bike.
HDF Community Team
Joined: Mar 2017
Posts: 7,879
Likes: 4,441
From: Texas
Yeah....don't know about Illinois...but here in Michigan I call my agent and tell them my bike goes into storage and they take the road stuff off and keep comprehensive for storage. It does reduce the cost and saves us money. Too bad your agent can't work with you. Maybe it's time to check other companies. I just did that and we ended up saving over $1200 annually for home, cars, and bike.
OP, if you're that worried about it, you can change your coverage limits (eliminate collision coverage, etc., keep only the bare minimum - this is different than "storage" coverage), though most companies limit the number of changes you can make in a policy term (usually twice, which would be sufficient, i.e. once to lower the limits, then once to return them back to what you need). If you have a loan, most loans require a certain coverage/deductible. If you cancel your insurance policy on a vehicle, then get insurance on that vehicle again, some insurance companies will look at that the same way as lapsing - not good.
Last edited by BrandonSmith; Nov 7, 2019 at 02:46 PM.
Grand HDF Member
Joined: May 2008
Posts: 4,585
Likes: 673
From: Rolla
I have my 2015 Ultra Limited insured with State Farm and I asked them to temporarily remove/suspend/or whatever they call it.... ALL the coverage EXCEPT COMPRHENSIVE (for the Chicago winter when it's kept covered in my attached garage). However, State Farm tells me that since it's considered a "recreational vehicle" in Illinois, the insurance is sold on a full year basis, so they do not offer any way of reducing the coverage temporarily. My only alternative to save some $$ would be to basically cancel my policy and have them (or another company) write a new policy in the Spring.
Question: Any other Illinois riders care to chime in? (I say Illinois because it might be a state by state insurance regulation.
Question: Any other Illinois riders care to chime in? (I say Illinois because it might be a state by state insurance regulation.
It is paid by the year, and I was told the rate actually reflects the fact that you probably won't be riding it much during the winter months.
My 2015 Ultra Limited costs approx. $290 per year for full coverage ins. in Missouri.
Last edited by RollaMo; Nov 7, 2019 at 02:54 PM.
Road Master
Joined: Jul 2016
Posts: 870
Likes: 246
From: Transfer, PA
Same deal here in PA with State Farm. It's a year long policy, reflected clearly in any correspondence I get. My rate is just a tick over $30 monthly. 33yr old married guy with nothing on my record.
Trending Topics
Cruiser
Joined: Sep 2016
Posts: 148
Likes: 38
From: Freehold NJ
I have my 2015 Ultra Limited insured with State Farm and I asked them to temporarily remove/suspend/or whatever they call it.... ALL the coverage EXCEPT COMPRHENSIVE (for the Chicago winter when it's kept covered in my attached garage). However, State Farm tells me that since it's considered a "recreational vehicle" in Illinois, the insurance is sold on a full year basis, so they do not offer any way of reducing the coverage temporarily. My only alternative to save some $$ would be to basically cancel my policy and have them (or another company) write a new policy in the Spring.
Question: Any other Illinois riders care to chime in? (I say Illinois because it might be a state by state insurance regulation.
Question: Any other Illinois riders care to chime in? (I say Illinois because it might be a state by state insurance regulation.
HD Forum Stories
The Best of Harley-Davidson for Lifelong Riders
7 Surprising Harley-Davidson Products that Are Not Motorcycles
Verdad Gallardo
8 Best Harley-Davidson Motorcycles Ever
Pouria Savadkouei
10 Worst Harley-Davidson Motorcycles Ever
Pouria Savadkouei
Killer Custom's Jail Break Is The Breakout That Refused to Blend In
Verdad Gallardo
Crazy Bunderbike Build Looks Amazing, But Is It Impossible to Ride?
Verdad Gallardo
Harley-Davidson Reveals Super Cool Cafe Racer Concept
Verdad Gallardo
Engraved Rebellion: Inside Bundnerbike's Glam Rock II
Verdad Gallardo
10 Motorcycles You Should Never Buy
Joe Kucinski
10 Things Harley-Davidson Needs to Fix in 2026
Verdad Gallardo
Thread Starter
|
Road Warrior
Joined: Dec 2016
Posts: 1,854
Likes: 944
From: Lincolnshire, IL
Thanks for the replies.
Actually the savings would have been worth it IF available. It would have been about $100 savings on a policy that costs $435/ year. My comprehensive coverage represents only $28/ year so the balance is about $100 per quarter and since it stays out of service for more than a quarter of the year. A possible 25% savings was worth a try. I believe it all boils down to the State of Illinois Insurance regulations for companies doing business in the state.
Actually the savings would have been worth it IF available. It would have been about $100 savings on a policy that costs $435/ year. My comprehensive coverage represents only $28/ year so the balance is about $100 per quarter and since it stays out of service for more than a quarter of the year. A possible 25% savings was worth a try. I believe it all boils down to the State of Illinois Insurance regulations for companies doing business in the state.