DAAAAANNNNNGGGGG! (Bike Insurance)
I've got a buddy (50 years old) who traded in his Honda VTX1800 for a Kawasaki ZX14 Ninja last year. He paid the cash difference for the bikes and road it off of the lot free and clear using the insurance card from the VTX.
Now, he has to register it next month and had never purchased insurance on it. So, he got some quotes.
Full coverage = $3148 a year with $1000 deductible.
Liability only = $1426 a year.
$3148 a year! He only paid $10,000 for the bike new! That's 1/3 the new price! My Goldwing, that costs $17,000 new, only costs me $424 a year for full coverage with $1000 deductible. The Suzuki only costs $172 a year or full coverage with $1000 deductible.
You sport bike guys are getting ripped!
PS, his driving record is crystal clear with no claims in the last 25+ years!
Now, he has to register it next month and had never purchased insurance on it. So, he got some quotes.
Full coverage = $3148 a year with $1000 deductible.
Liability only = $1426 a year.
$3148 a year! He only paid $10,000 for the bike new! That's 1/3 the new price! My Goldwing, that costs $17,000 new, only costs me $424 a year for full coverage with $1000 deductible. The Suzuki only costs $172 a year or full coverage with $1000 deductible.
You sport bike guys are getting ripped!
PS, his driving record is crystal clear with no claims in the last 25+ years!
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All scooters, no matter the "cc", are insured the same. So, the 400 to 600 sized scooters are the same in the eyes of insurance companies. [:D] 0 -
quote:$3148 a year! He only paid $10,000 for the bike new!
The plastic on that Ninja is expensive to replace, Thats what the insurance Co. is counting on if you ask me. Out here in CA, My Honda CBR
600R and 900rr were pretty close for the insurance and I have a good driving record. I was told numerous times it's because of all the plastic on the bike, not to mention the type of bike as well.
My dual sports were 1/4 the price, go figure-[:)]0
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