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Gold Member/Community Dad
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5,742 Posts
Discussion Starter #1
Kept around some insurance info when I was researching that next bike and asked for some figures from my Insurance Company. Many of you probably know some of this information but thought it could be useful to some others - hey, we're always looking at bikes. Be forewarned: these figures were quoted for me and the cost factors(ratio) could vary for age, location, etc.. Otherwise, it should give you an idea how they treat some bikes vs others here in the USA.

The Honda Nighthawk was the lowest rate I was quoted so I used it as a base RATIO of 1.00 - So if my insurance was $400 a year on the Nighthawk I would multiply $400 x 4.06 to see how much a Suzuki GSX-R 1000 would cost - $1624. Ouch!
Berto


Make____Model___________cc's Year Ratio

Honda___Nighthawk________750 2001 1.00
Kawa____ZR-7s____________750 2001 1.01
Kawa____Ninja____________500 2001 1.01
Suzuki__SV650s___________650 2001 1.01
Suzuki__GS500E___________500 2001 1.01
Ducati__Monster,i.e._____750 2002 1.08

Kawa____ZRX1200R________1200 2001 1.57
Suzuki__Bandit_s________1200 2001 1.57
Triumph_Sprint_RS________955 2001 1.57
Honda___919______________919 2002 1.68
Buell___FireboltXB9R____1000 2002 1.69
Kawa____ZZ-R1200________1200 2002 1.70
Suzuki__DL1000__________1000 2002 1.70
Yamaha__FZ1_____________1000 2002 1.70

Triumph_Sprint_ST________955 2001 1.75
Kawa____Concours________1000 2002 1.90

Suzuki__Katana___________750 2001 2.65
Aprilia_Futura__________1000 2001 2.84
Honda___Interceptor______800 2002 2.92

Triumph_Daytona__________955 2001 3.13

Kawa____ZX-7R____________750 2001 3.89

Suzuki__GSX-R___________1000 2001 4.06

Yamaha__YZF-R1__________1000 2002 4.57
 

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Silver Member
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207 Posts
Berto,

Interesting post and also interesting how the rates vary.

From the notes I found in my day planner from last year, I applied the same standard and got:

Nighthawk ('01) 1.0
ZR-7S ('01) 1.3
SV650S ('01) 3.2 (*)


* = when I asked the Progressive agent why there was so much difference between the ZR-7S and the SV650S, he explained that (at least in this area), a lot of dealers were putting new riders on the SV650S and they were having a ton of claims come back on them.

The insurance alone was enough to make me remove the SV650S from consideration.

Craig
 

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Wants to be "Fade"....
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2,600 Posts
Dude your insurance company is in your pocket deep........My full coverage policy runs 228.00 a year. On the bike I really wanted (ninja 600 not the race version) they wanted 1600.00 .....I nearly **** when Farm Bureau agent quoted me that price. So that helped me make up my mind on which ride to get.:cool:
 

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Silver Member
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881 Posts
My insurance company tends to insure the rider/driver rather than the bike/car.

Apart from an adjustment for $$ value, a 40yo with say 5yrs accident free history will only pay slightly more for an R1 over a ZR-7. An 18yo with no history on an RGV or a 250Ninja or a Peugot Scooter will pay about the same, which is often half the value of the bike.

They believe if you have the ( accident free ) score on the board you have proven yourself a safe bet to ride most anything.

:)
 

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Wants to be "Fade"....
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2,600 Posts
I'm 49 ....................and about half crazy so I think my insurance company took one look at me and said...... ain't gonna do it sir.....nothing fast for you. And thats when I saw the light(228 vs 1600) . I almost put down a deposit on the 600ninja before finding out about the insurance rates. I have a history of playing smash-up about every ten yrs. In "01" I hit some trees with my bike about 2400.00 in damage and no rise (as of yet) to my rates.
 

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Gold Member/Community Dad
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Discussion Starter #7
Fade,

I didn't say I paid $400 year (said if), but either way the insurance company has me in their pocket (as a single/divorced) male. I know from Auto Insurance rates that my Metro Atlanta rates are a bit higher than some of the small cities/towns in the state probably because of Theft, accident rate, high cell phone use per capita and "All the stinkin' ladders falling of those dang hand-painted contractor pickup trucks".

Berto
 
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