Insurance increase for 2012 DL650AL2 anyone? - Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums
DL650A - 2012-2016 DL650A 2012-2016 (L2-L6)

Reply
 
LinkBack Thread Tools Display Modes
post #1 of 84 Old 05-10-2012, 10:30 AM Thread Starter
Stromthusiast!
 
Mainuh's Avatar
 
Join Date: Apr 2012
Location: Southern Coast of Maine
Posts: 113
Insurance increase for 2012 DL650AL2 anyone?

I bought my Wee on 4/20/12. When I called my agent to change over from my 2004 BMW R1150GS Adventure, she notified Dairyland, but didn't give me the cost difference, which I assumed might be less since the Wee was almost 1/2 the cc size and basically the same type of bike. I had already paid for a whole year with the BMW from 4/6/12-4/5/13. About 10 days later, I got a bill from Dairyland. My 1 year premium on the BMW had been $271, but now I was being billed another nearly $350! Ouch! I called the agent, assuming she had left the BMW on instead of discontinuing the coverage for it, but NOPE. BMW was removed and the Wee was $628.51 a year... more than double the cost of the BMW. I've been licensed 37+ years and always had Dairlyand, but their recent rate hikes are intolerable. 5 year ago I had compared Progressive to Dairyland, and Dairyland beat them by over $100, but I called my agent last week for a quote on the Wee and Progressive is beating them by $325/year. Huh? The wee on progressive with lowest deductibles is $348/yr. A few years ago, I was insuring a BMW K1200GT, much faster and more HP for $218/year. I wish my pay went up at the same rate everything around me does!

So now I'm a progressive customer... We'll see how that goes. Dairyland told me the Wee was classified as a "Sport bike" and the BMW was a "sport tourer", when in fact they are the same type of bike just the BMW had 500cc more. They must be sniffing a lot of cow methane out there in Wisconsin cause is seems like a load of cow sheet to me...

Anyone else seen a big insurance increase when they registered their Wee?

Cheers,
Don

[URL="http://mainuh.smugmug.com/Motorcycles/My-2012-Suzuki-Vstrom-650/"]2012 Wee V2 Adventure[/URL]
[URL="http://mainuh.smugmug.com/Motorcycles"]My motorcycles and Adventures[/URL]

[URL="http://mainuh.smugmug.com/Motorcycles/2010-events/Newfoundland/"][/URL]
Mainuh is offline  
Sponsored Links
Advertisement
 
post #2 of 84 Old 05-10-2012, 10:36 AM
Stromthusiast!
 
bigskydrift's Avatar
 
Join Date: Apr 2012
Location: Missoula, Montana
Posts: 237
not too bad here, State Farm, Montana, $200.00 per year.....

2012 DL650 Adventure
bigskydrift is offline  
post #3 of 84 Old 05-10-2012, 11:40 AM
Stromthusiast!
 
FlyFishJeff's Avatar
 
Join Date: Apr 2012
Location: Westerville, OH
Posts: 220
I've been very happy with Progressive Insurance. My rate only increased $5 per year when I traded in a 2008 Kawi 650R on the 2012 Strom.

If I were you, I would look for a new insurance company!

2014 BMW R1200GS "Heidi"
2016 KTM 500 EXC Six Days "Kate"
FlyFishJeff is offline  
 
post #4 of 84 Old 05-10-2012, 11:42 AM
FORUM GODFATHER.....R.I.P. PAT
 
greywolf's Avatar
 
Join Date: Jan 2006
Location: Evanston IL USA
Posts: 38,049
Garage
How old is the BMW? The value of the bike that may have to be replaced is often an issue. Also, some insurance companies think the Wee is a sport bike.

Pat- 2007 DL650A was ridden to all 48 contiguous states. I didn't quite make it to 17,000 miles on the 2012 DL650A.
Nicknames I use to lessen typing, Vee = 2002-2012 DL1000s. Vee2=2014-2016 DL1000s. Wee = 2004-2011 DL650s. Glee = 2012-2016 DL650s
See https://www.stromtrooper.com/general-...nicknames.html

Please vote in the poll on what Strom(s) you have at https://www.stromtrooper.com/informat...-you-have.html
greywolf is offline  
post #5 of 84 Old 05-10-2012, 12:00 PM
Stromthusiast!
 
eye.surgeon's Avatar
 
Join Date: Apr 2010
Location: Central California
Posts: 875
BMWs are amongst the cheapest bikes to insure, presumably because they are usually ridden by old men. When I switched from a K1200GT to a Wee, my insurance (Geico) stayed about the same despite the fact the wee was worth less than half the BMW.

'09 Wee (sold)
2012 Ducati Multistrada 1200 S Touring
2006 BMW K1200LT
eye.surgeon is offline  
post #6 of 84 Old 05-10-2012, 12:05 PM
FORUM GODFATHER.....R.I.P. PAT
 
greywolf's Avatar
 
Join Date: Jan 2006
Location: Evanston IL USA
Posts: 38,049
Garage
It could also be because they are low theft risk. BMW owners don't often buy parts at flea markets. I understand V-Stroms don't get stolen either but plenty of Suzukis do and that's what counts to insurance companies.

Pat- 2007 DL650A was ridden to all 48 contiguous states. I didn't quite make it to 17,000 miles on the 2012 DL650A.
Nicknames I use to lessen typing, Vee = 2002-2012 DL1000s. Vee2=2014-2016 DL1000s. Wee = 2004-2011 DL650s. Glee = 2012-2016 DL650s
See https://www.stromtrooper.com/general-...nicknames.html

Please vote in the poll on what Strom(s) you have at https://www.stromtrooper.com/informat...-you-have.html
greywolf is offline  
post #7 of 84 Old 05-10-2012, 12:09 PM
Stromthusiast!
 
TwoShots's Avatar
 
Join Date: Mar 2012
Location: Escalante, Utah
Posts: 536
My last bike was a Triumph Tiger 1050 and my cost almost doubled with purchase of the 650 ADV. Go figure.

I think a lot of riders fail to consider how their credit rating and the spread of their gross income (risk as determined by the market and credit agency ratings on any given day) affects cost. Not to mention whether or not they have a lien.

[IMG]http://kolobwebstudio.com/myimages/strom_liquid_jesus.png[/IMG]
TwoShots is offline  
post #8 of 84 Old 05-10-2012, 01:05 PM
 
Join Date: Mar 2012
Location: Virginia Beach
Posts: 88
I have progressive and mine is around 330 a year with 1000 ded collision. I usually on keep that on a new bike for a year or two. That is the biggest expense.

I got a quote for the same level of insurance for a Ninja 1000, age 52, 36 years riding and the quote came in at 2400 dollars. But the Z1000 which is basically the same bike without the fairing was 450.

It is all in how they class them.
140pilot is offline  
post #9 of 84 Old 05-10-2012, 02:16 PM
Stromthusiast!
 
mountainpete's Avatar
 
Join Date: Apr 2012
Location: Calgary, Canada
Posts: 310
I realize that insurance is very regional and specific to the rider, but here is my experience.

A good broker is essential for bike insurance. I called my normal insurance company to insure the bike (direct insurer and not a broker) and they quoted me $2450. I returned the favor by pulling all of my insurance that day (two cars and home).

Went to a broker, she shopped around and insured the bike, full coverage with a $1M liability and low deductibles for just over $400 a year. Also saved about $1k on my other insurance at the same time.

My lesson was learned that day.

Plus, the full coverage on the Wee is less than partial coverage on my last BMW (with approximately the same value but double the engine size).

Pete

2012 DL650 EXP

Designed for outdoor use
mountainpete is offline  
post #10 of 84 Old 05-10-2012, 03:23 PM
Stromthusiast!
Super Trooper!
 
Join Date: Apr 2012
Location: Long Beach, CA
Posts: 74
I went from the '06 SV650s to the '12 DL650AL2. It went up about $40 a year.

Pacific Specialty Insurance (aka McGraw).

Jumped from a sv650s to a '12 DL650
Woggy64 is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome