Dear Mr Suzuki,please stop scaring the insurance companies - Page 3 - Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums
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post #21 of 79 Old 11-30-2009, 11:43 AM
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Location: Washington, the state
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Safeco Insurance Company of Illinois (related but somehow different from Safeco of America) rates my 2004 DL650 as a Sport Bike #1 and covers it for $169 per year with coverage for everything except uninsured bodily injury (my health insurance covers that) and with $500 deductibles for comp & collision. That is with five assorted discounts from Safeco, good driving record, and good credit score (what difference does that make except an excuse to charge some folks higher rates???).

In all cases, shop around for insurance. With a list of the lowest prices, check to see if any have a consistently hard time paying off good claims. "Consumer Reports" has some info. Check with your state insurance commissioner's office.

Originally Posted by dancer View Post
For maximum liability coverage
Consider an umbrella liability policy. It sets minimums for your home and vehicle liability coverage (probably below what you're already buying) and covers your liability above that in increments of one million dollars. The price is usually very affordable. I feel that one should have umbrella coverage equal to about twice your non-retirement assets. IRAs and 401(k)s and other qualified retirement accounts are usually well protected under state law...check in your state.

It's worth noting that the OP is in Canada, which is a different country and everything from most of the replies here. Insurance is stupid expensive in Canada.
A friend was involved in an attempted insurance scam in B.C. A car stopped very short in front of him, his car just touched that one with the only damage a broken license plate frame. Three people came out of that car holding their necks. Another car stopped and the woman jumped out, saying, "I'm the witness," (really, that's what she said), and his bullshit detector jumped into the red zone. He started taking pictures and got out a notebook for names and addresses and statements. They said not to bother with all that. He insisted that they drive directly to a medical clinic, and they split. When he tried to complain to the police, he was told to take everything to the insurance company. Total insurance scam, and the honest people pay and pay and pay.

"Older people who are reasonable, good-tempered, and gracious will bear aging well. Those who are mean-spirited and irritable will be unhappy at every period of their lives.

"Let each of use properly whatever strengths he has and strive to use them well. If he does this, he will never find himself lacking."

Marcus Tullius Cicero
44 B.C.

Last edited by PTRider; 11-30-2009 at 11:56 AM.
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post #22 of 79 Old 01-08-2010, 12:10 AM Rentals's Avatar
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You should be In my shoes I own a Fleet of 650's the Insurance will shock you!
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post #23 of 79 Old 02-08-2010, 04:00 PM
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Originally Posted by Wos View Post
Seems to me that the narrow minded Bean counters down at the insurance companies think that anything with plastic on it has to be a sport bike, or in the case of the big Vee a super sport, whatever that is.
Heh...I am one of those "narrow minded Bean counters." Vee's are dual sports or sport bikes. Sport bikes by characteristics, dual sports by experience results. Even HLDI considers the Vee a dual sport. I think you need to find better bean counters.

[SIGPIC][/SIGPIC]Bikes: '08 Suzuki Bandit 1250 ABS; '07 DL650 ABS - SOLD; '08 DL650 -SOLD; '07 Suzuki M50 - Sold

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post #24 of 79 Old 02-16-2010, 01:18 AM
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In BC the V Strom is not on "the list". The list contains the Busa, GSXR, etc. That is with our Crown Corporation insurance company and they aren't working for NASA, if ya know what I mean.
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post #25 of 79 Old 02-16-2010, 01:55 AM
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Originally Posted by View Post
You should be In my shoes I own a Fleet of 650's the Insurance will shock you!
Yea, but you surely just pass that cost on to your customers right?

06 DL650
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post #26 of 79 Old 02-16-2010, 10:28 AM
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Originally Posted by Strom Chaser View Post
Yea, but you surely just pass that cost on to your customers right?
Mandatory insurance is $15 a day - Yep

I have Progressive here in the US and it's $500/yr with full coverage. I called Geico and they wanted $800.

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post #27 of 79 Old 02-17-2010, 12:05 AM
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I'm surprised nobody in this thread has mentioned what I've found to be one of if not the biggest variables in motorcycle insurance: time as a licensed motorcycle driver.

As a 30-something recently changing bikes and carriers, I've been quoting insurance a lot lately. Most carriers ask, separately from your normal drivers licensing, how long you've been certified on a motorcycle. After accidentally quoting one as a green rider and nearly going into cardiac arrest at the price, I can attest that if you've only had a motorcycle license a few years (even with a clean automobile license for many years), your rate will be through the roof. I played around with a few online quotes just changing this variable and it can make a 4x increase or more, everything else being equal.

Today's lesson: get your motorcycle license early, even if you don't plan on riding anytime soon. Your insurance rates will appreciate it if you ever decide to hit the road on 2 wheels.


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post #28 of 79 Old 05-23-2010, 08:59 AM
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I just moved from IL across the river to Iowa - where the full-coverage insurance on my Wee went from $277 to $155 per year. Heck, my Avalanche insurance dropped $140 a year, too. I no longer have the Chicago curse inflating my numbers...even though I was 3 hours from it in the middle of nowhere.
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post #29 of 79 Old 05-25-2010, 11:19 PM
Join Date: May 2010
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Originally Posted by dtalk View Post
Who is the insurer?

Progressive wants nearly $1k/yr for my '08 Wee in Seattle. And that's with a squeaky clean record and excellent credit. Uh, yeah, I'm shopping around.
That is odd. I got progressive and they quoted me for brand new 09 Wee for $170/year. I live down by Bonney Lake, WA. Could it be that you are consider high risk because of the city?
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post #30 of 79 Old 05-25-2010, 11:30 PM
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Originally Posted by fgrivera View Post
That is odd. I got progressive and they quoted me for brand new 09 Wee for $170/year. I live down by Bonney Lake, WA. Could it be that you are consider high risk because of the city?
Wow. I dunno. I got that down to about $720 with Met Life (in conjunction with a homeowner's policy), but that's still a lot for a guy with excellent credit and a clean record.

I could improve on that a lot if I dropped comprehensive, but I'd rather not do that just yet (though it is paid for, so I could).

I miss paying $120/year for my old, liability-only bike.
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