Insurance Companies
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Wow that is very expensive, is it your age that make it that expensive? I am with Geico and they are not bad but then I am old as dirt.
LaVerne
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63 Posts
I'm currently 26 with no recent accidents or tickets. When I asked why it was so high, they said they didn't know why and perhaps it was because it's so new. I then proceeded to tell them that the low MSRP and cc's does not correlate to such a high premium. I'll start shopping around for some better prices, I just need some guidance on where everyone else is getting their rates from and how they compare.
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1,076 Posts
Harley-Davidson offers insurance through Progressive and if I recall correctly the cost is about $250/yr. Go to the H-D website and get a quote.
Motorcycle Insurance | Harley-Davidson USA
Motorcycle Insurance | Harley-Davidson USA
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28 Posts
Not bad at all, an insurance rate like that yearly is a super easy cost to absorb
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1,076 Posts
I did check out prices with my regular insurance agent (I have AmFam for everything else) and AmFam was about twice the cost of the Progressive Insurance rates I got through Harley Davidson Insurance. I believe that Harley uses it's "market share" to negotiate the lowest insurance prices for it's customers.
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28 Posts
That would be believable, not sure of what else they would do to lower insurance prices.
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1,076 Posts
In many, many years of riding I've never had motorcycle insurance that I could pay for monthly. It's always been an annual premium because the cost has never exceeded $300/yr ever. As I mentioned I believe my current policy is about $250/yr and I pay it all at once as an annual premium (which is why I don't recall exactly what it is because I renewed it last February - LOL). Perhaps they offer monthly premiums and I just never asked about it.
That does sound expensive...I was quoted 250/year in Washington State from Progressive, but I could have got even less if I reduced some coverage.
Does your state require you to have insurance on a motorcycle? I wonder if that factors into the cost?
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63 Posts
Part of the higher cost is the fact that I live next to the border of Mexico, so I almost have to pay for underinsured motorist coverage. Otherwise it would of probably been in the 250-300 range. It's still a lot better then the 600 for 6 months that State Farm was going to charge! What a rip off...
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490 Posts
I'm with Progressive and my 750 was $329 dollars and I'm 55 years old. That was in addition to my $169 I paid for my Savage. That is almost as much as my Auto Insurance. I had to pay for gap insurance on the no money down loan. No complaints yet.
Wow I may need to check with progressive. My is with farmers who goes through Foremost for the cycle insurance I pay 43 per month. I'm 60 years old.
Which is 516 per year.
I have full coverage/ under-insured/ un-insured and because it is under my umbrella policy I have to carry a high personal liability.
Think I will talk to progressive through HD.
Which is 516 per year.
I have full coverage/ under-insured/ un-insured and because it is under my umbrella policy I have to carry a high personal liability.
Think I will talk to progressive through HD.
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490 Posts
Not so sure about Progressive Insurance 
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I just received my renewal from Progressive and I have two motorcycles I have coverage for; a 2004 Suzuki LS650 (Minimum coverage) and My Street 750. My yearly coverage if I pay it in full is $612.00 and if I choose to make a three payment option it is $735.00. I'm 55 years old and I have completed a Safety riders course that is suppose to give me a discount. Also I can only operate my motorcycle 6 months out of the year due to weather do to freezing temps and snow. I don't pay this much a year for my two (old) 02 and 04 Ford Escapes I own with one only with minimum coverage a year in two payments totaling $644.00. I have a clean driving record and no claims filed. Its time to have a conversation with my Insurance agent.
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I just received my renewal from Progressive and I have two motorcycles I have coverage for; a 2004 Suzuki LS650 (Minimum coverage) and My Street 750. My yearly coverage if I pay it in full is $612.00 and if I choose to make a three payment option it is $735.00. I'm 55 years old and I have completed a Safety riders course that is suppose to give me a discount. Also I can only operate my motorcycle 6 months out of the year due to weather do to freezing temps and snow. I don't pay this much a year for my two (old) 02 and 04 Ford Escapes I own with one only with minimum coverage a year in two payments totaling $644.00. I have a clean driving record and no claims filed. Its time to have a conversation with my Insurance agent.
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109 Posts
State Farm rate is low enough for me.
I am also 55+ and my premium in the Denver Metro area is $238.32 for a year added to an account with 3 vehicles on it. ($19.86 per month).
Oh, and yep, that's with State Farm.
I am also 55+ and my premium in the Denver Metro area is $238.32 for a year added to an account with 3 vehicles on it. ($19.86 per month).
Oh, and yep, that's with State Farm.
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