Forum Index  >  Insurance  >  What do you guys pay yearly for insurance on your 250? How much do you pay annualy for insurance for your Ninja 250? $0  0%  [ 0 ] $0-$100  51%  [ 15 ] $100-$200  17%  [ 5 ] $200-$300  17%  [ 5 ] $300-$400  3%  [ 1 ] $400-$500  0%  [ 0 ] $500-$600  3%  [ 1 ] $600-$700  0%  [ 0 ] $700-$800  0%  [ 0 ] $800-$900  0%  [ 0 ] $900-$1,000  3%  [ 1 ] $1,000-$1,100  0%  [ 0 ] $1,100-$1,200  0%  [ 0 ] $1,200-$1,300  0%  [ 0 ] $1,300-$1,400  0%  [ 0 ] $1,400-$1,500  0%  [ 0 ] Cowboy Neal doesn't need no stinkin' insurance  3%  [ 1 ] Total Votes : 29

GregZ (Enthusiast)

Sun Mar 06, 2011 1:47 pm

Drop collision if you have it

If you are insuring the bike with collision insurance, drop that coverage. If comprehensive is real cheap, keep it, otherwise drop it. Insuring the motorcycle itself doesn't make any sense if it costs a lot to do so. Insurance is for catastrophic, life changing losses, not for minor inconvenience losses.

Definitely keep your liability coverage and uninsured/underinsured motorist coverage in as high of limits as you can afford. Those coverages protect you and your assets, which hopefully are much more valuable than the motorcycle.

Shop around and get quotes from at least 5 different companies. I always get lower quotes by speaking to the rep directly vs getting the quote online. Rates vary widely, but with your age/record some companies may turn you down entirely or quote you a ridiculous rate to make you go elsewhere if they don't want your risk/business. That may be what Progressive is doing to you with that high rate. Every year at renewal time shop around again to be sure you can't do better elsewhere. Your current company may think they have you roped in and sneak in rate increases each year hoping you won't notice.

BTW, adding my '07 Ninja 250 to my existing motorcycle policy cost me $56/year (but then I am over twice your age).

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• What do you guys pay yearly for insurance on your 250? — Bo, Sun Mar 06, 2011 1:48 am

  • You really can't compare.... — PriceR, Tue Mar 08, 2011 3:58 pm

    • I have a question — FrugalNinja250, Tue Mar 08, 2011 5:18 pm

      • Another Option — PriceR, Wed Mar 09, 2011 1:18 pm

      • Answer — PriceR, Wed Mar 09, 2011 12:48 pm

      • That's where a medical policy of $5000 or so would kick in and cover those c — M, Tue Mar 08, 2011 10:22 pm

  • Being middle-aged and in a low-claim rural county... — M, Sun Mar 06, 2011 10:17 pm

    • I would double check that.... — PriceR, Tue Mar 08, 2011 3:24 pm

      • You are correct that it would be a claim on my insurance. — M, Tue Mar 08, 2011 10:21 pm

  • $142, liability only. — aristurtle, Sun Mar 06, 2011 10:04 pm

  • Re: My fiance — gevans, Sun Mar 06, 2011 7:43 pm

  • My finace — gevans, Sun Mar 06, 2011 7:41 pm

  • $85 — BobA, Sun Mar 06, 2011 3:19 pm

    • Glad to be old, when it comes to insurance. — utahrider, Sun Mar 06, 2011 4:08 pm

      • Fees — BobA, Sun Mar 06, 2011 7:19 pm

        • Fees! — utahrider, Sun Mar 06, 2011 7:51 pm

          • You win (or lose...). I surrender — BobA, Sun Mar 06, 2011 8:24 pm

            • Utah Car Fees — utahrider, Sun Mar 06, 2011 9:36 pm

  • Shop Around — Slybones, Sun Mar 06, 2011 2:08 pm

    • Dang — Slybones, Sun Mar 06, 2011 8:33 pm

      • You should buy a couple more bikes (n/t) — Bokonon, Sun Mar 06, 2011 11:20 pm

        • Gotta work on garage space first. (n/t) — Slybones, Mon Mar 07, 2011 12:12 am

  • Drop collision if you have it — GregZ, Sun Mar 06, 2011 1:47 pm

  • $278/year as an under 21 — Mumps , Sun Mar 06, 2011 4:36 am