Insurance Rates?
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WOW!! That is insane. I'm glad I live in a small quiet town about 45 minutes from Boston. My wife drives a 2011 GLK and I have a 2012 Touareg TDI and we only pay $1375 for both the vehicles. I'm hoping my bike to be around $250 - $400/year. I have not asked as the bike is still six months away. The rider safety course I took also entitles me to 10% discount on my bike insurance here in MA so that will help.Thanks for the response.$2,200 down here in Brooklyn NY. And not much I can do.
There are lots of bikes stolen on the borough, not to mention lots of awful riders + thousands of taxi cabs. Insurance rates are high here.
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I'm paying about $480/year for 2 bikes = 2007 BMW R1200R and 2004 Triumph Thunderbird sport = that includes medical coverage, roadside assistance and much higher than the minimum coverage on collision and liability = if I only carried the minimum required coverage, the premiums would be quite a bit lower (the rate was about $150/year lower before I replaced my 2006 Triumph Tiger with the R1200R)
That is what I'd like to do as well, have the extra coverage for medical as well. Thanks.
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Thanks for information......... 
I didn't know AAA would insure bikes. I'll try them and my auto/home insurance company hoping to get a good discount due to auto/home insurance policies. We also have an umbrella policy, I wonder if this will get impacted by adding the bike insurance?
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don't just look at the price when getting an insurance. You need to get enough insurance to cover in case any accident that occur. Look at want you worth and get enough insurance to cover all of them. People will go after you for everything you have if things happen. Always protect all your properties, you work too hard for it why not protecting it.
Great advice. This is the reason we have an umbrella policy which covers house and car insurance for myself and my wife. The umbrella policy covers liability and damage for upto 1 million. I'd definitely add the bike to the umbrella policy for the coverage you mentioned above. Unfortunately, this is US society these days...lawsuit happy.
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803 Posts
Hi, Craig.
I'm in the insurance biz and I can tell you this is different in every location. Every state has it's own insurance rates and regs. Here in FL, it cost me more than double what it cost me to insure my VTX1800R with only $1k in medpay but much higher than standard limits of liability and collision. Still only $380+-. The big expense here is Under-uninsured motorists coverage. I always have to declline that one because it triples the premium. They know that in a wreck, it's the rider and his passenger that get messed up, not the other guy - and they are likely to be underinsured. I know, the reason I have the 1200 is because the other guy had to pay. Miserably low limits she had, but enough to get me back to riding. Lucky I was.
I ended up getting my bike insurance through BMW of America. They offered several discounts including group rate and a discount for the college my wife went to
They were super helpful and friendly and got me setup in 24 hours. I went with quarterly payments. I loaded medical coverage for myself ($12K) and underinsured motorist and my coverages were 250/500 for most of the important ones. I'm paying $678 for the year. I thought it was a bit high but it seems competitive considering my 2012 R1200R and the fact I've not had a motorcycle license in this country. I did take a rider safety course which gave me a 10% discount on my insurance.
They were super helpful and friendly and got me setup in 24 hours. I went with quarterly payments. I loaded medical coverage for myself ($12K) and underinsured motorist and my coverages were 250/500 for most of the important ones. I'm paying $678 for the year. I thought it was a bit high but it seems competitive considering my 2012 R1200R and the fact I've not had a motorcycle license in this country. I did take a rider safety course which gave me a 10% discount on my insurance.
that's a lot of coverage for $678.... I'll have to call them and see if they're the way to go.I ended up getting my bike insurance through BMW of America. They offered several discounts including group rate and a discount for the college my wife went to
They were super helpful and friendly and got me setup in 24 hours. I went with quarterly payments. I loaded medical coverage for myself ($12K) and underinsured motorist and my coverages were 250/500 for most of the important ones. I'm paying $678 for the year. I thought it was a bit high but it seems competitive considering my 2012 R1200R and the fact I've not had a motorcycle license in this country. I did take a rider safety course which gave me a 10% discount on my insurance.
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After few days of forgetfulness and laziness, I Just called BMW of America, regarding their mentioned insurance; They CAN NOT do only motorcycle insurance, you need to have a car in order to put the discounted rate together with your bike. everywhere in USA except Massachusetts.
I guess I'll have to buy that M6 Coupe I have been eyeing since it came out.
I guess I'll have to buy that M6 Coupe I have been eyeing since it came out.
YOu've got to do what needs to be done. Such a sacraficeAfter few days of forgetfulness and laziness, I Just called BMW of America, regarding their mentioned insurance; They CAN NOT do only motorcycle insurance, you need to have a car in order to put the discounted rate together with your bike. everywhere in USA except Massachusetts.
I guess I'll have to buy that M6 Coupe I have been eyeing since it came out.
2013 BMW M6 Coupe Exterior and Interior Photo Tour - YouTube
Today I actually stopped by my local BMW Auto dealer while out riding my bike to get an X5 Diesel brochure. I got a few questions about my bike.
so I just switched my insurance over to Liberty Mutual after calling BMW's insurance line.. they basically connected me to Liberty Mutual which has a program with them. The prior rate I was paying was $481/year for 25/50 coverage thru Geico and I had my two cars with USAA.... I had to leave USAA to get the Liberty rate on the bike since they can't just do the bike alone, but I kept the same premium for my Auto and the bike went down to $246/year with the same coverage as the cars, which is 100/300, so way better. This is by far the best deal on motorcycle insurance I've seen for this bike. Seems like there is some smart underwriting down on the bike taking into account it's safety features and such.
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