• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

How much does full coverage for a motorcyclist usually cost?

E

erikiksaz

Diamond Member
My friend wants to get a bike, and I'm just wondering how much the insurance will cost him. I'm guessing that most motorcycle insurance is full coverage, or nearly like life insurance, right?
 
The sub-$100 per half is either BS or for a really friggin' cheap bike with a really great rider who has years of no accidents.

I paid around $140/half for Comprehensive on my 1982 450CC Honda standard. A sportbike can easily double that or more. As a general rule, you'll get bent over for coverage on a sportbike while coverage on a cruiser is a screaming deal.

ZV
 
Wow, that's much much cheaper than i thought. I would have thought that motorcyclists were more of a liability to the insurance companies.

I'm not exactly sure how the logic works here 😕
 
Originally posted by: erikiksaz
Wow, that's much much cheaper than i thought. I would have thought that motorcyclists were more of a liability to the insurance companies.

I'm not exactly sure how the logic works here 😕
Click to expand...
Dead people don't cost a whole lot...

Remember that insurance for the motorcycle covers only the motorcycle. Your _health_ insurance covers any injuries you receive in an accident. Or the other person's automotive/motorcycle insurance if they caused the accident. From a payout perspective a motorcycle insurance policy is cheap to an insurance company. A motorcycle cannot cause anywhere near the property damage that a car can. A motorcycle cannot cause _other people_ anywhere near the medical problems that a car can. A motorcycle is much cheaper to replace/repair than a car is. Most motorcycles only accumulate about 1,000 miles each year, compared to 12,000 to 15,000 miles for a car. And since motorcycle insurance doesn't cover the rider's own injuries, there's really no large downside to the insurance company.

ZV
 
Last time I was insured (less than three years ago), basic limits were under $60 per year.

My father (who has been riding for over 50 years) paid $12 last year. I had to laugh, even if I weren't an actuary.
 
My insurance is around $230/year for a '97 GSX-R. However, that's only liability. When I asked about full-coverage back when I started riding full-time (2002), it was somewhere around $3k/year.

Quite a large jump, but full-coverage also handles theft, so that's a big reason as to why.
 
Varies greatly by region, just like most insurance. High theft areas will have expensive full coverage. I pay 150 year on one bike and 240 (?) a year on another w/ a $1000 deductible.
 
It depends on his age, driving record, type of bike, type of coverage, and what ins company you go through. Expect to get reamed for full coverage if you get a sportbike.
 
Cheap bikes are cheap to insure. Expensive bikes are expensive to insure.

And if you get medical, you'll pay a lot.

My Harley costs as much to insure, without medical, as my 1999 Passat.

And trust me, you'll want to cover theft. Few things are as easy to steal as motorcycles... no matter how many locks you use.
 
$325/year for full coverage on an 805cc cruiser. Prices go up with displacement and sport bikes are more expensive than crusiers.
 
This may not still be true, but insuring my Triumph was relatively cheap since that isn't a blacklisted name with some insurers (even tho it was a 900cc sportbike).
 
I had a 600cc sportbike. I was paying $196 per year for full coverage. Then, without warning, I received two speeding tickets. My insurance skyrocketed to $1500 per year for the same coverage. Needless to say, the bike went away.

The good news is that all of the points on my driver's license will be gone this June. So, a new bike might be in my future this summer.
 
Value of the bike isn't the only factor...BMW's are cheaper to insure than Harley's, even though the "value" of the bikes are similar.

Certain brands/models are much more attractive to thieves than others. Bikes are more vulnerable to theft than cars are.

Full coverage on my touring rig is ~200 year. (ok, ok, so it's a 1980)
 
There are numerous factors to consider but general rule: if he's in his teens and wants a sportbike and full coverage it's not cheap; nor is going to be cheap if he's got a ton of points on his license, tickets etc. If I were you I'd tell him to get insurance against theft that's about it. Unless he's retarded honestly, on a bike if someone hits you they pay the bills and insurance isn't going to save your life (unless he causes an accident with a bike, unlikely unless he's as I mentioned before very careless, just stick with insurance against theft if insurance is not mandatory in your state).

 
does it make sense to get health insurance thru motorcycle insurance if you have ur own seperate health insurance??

and would your seperate health insurance go up if they know you have a bike??

 
Call Progressive.

The answer is 100 to 6000 dollars per year, depending on location, age, driving record and the motorcycle.

No one here can give you a reasonable ball park because there are too many factors.

I have a Hayabusa, and I pay 250 a year full coverage. I paid five times that in the Boston area. Location was the only thing that changed. See what I mean?
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top