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Discussion Starter #1
This being my second post (first was rather worthless), I'd like to say that I've spent quite some time reading the forums and find it to be a very informative place.

I'm currently researching my first bike and have found the V-Strom (most likely WEE) to be at the top of my list. It will be used for some to and from work and weekend riding.

I do have a question regarding insurance costs. What should I expect for annual insurance costs? My driving record is spotless, I know that makes a difference. I'm not looking to dig into anyone's business just looking for ballpark costs.

Thanks for any info you can provide!!
 

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This has been discussed on here before and it appears there are vast differences from state to state and country to country. Stroms by most insurance companies seem to be rated quite low. Easiest thing is to go to progressive/geico/dairlyland sites and get a quote. I pay a couple of hundred dollars a year while others pay a couple of thousand. Driving records being similar. Enjoy.
 

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I don't have the numbers to give you, but it's a few hundred a year for us to insure three bikes. This is the fun part, though.

We have an 08 Honda CBR 600 RR, an 05 Suzuki DL650 with 25K mi, and an 03 BMW F650GS with about 5K mi on it. The CBR has the lowest premium. I've read an article (webbikeworld?) on hardest bikes to insure. Most frequently wrecked, most frequently stolen, that sort of thing. The CBR was in the top three on both "most frequently $FUBAR" columns. The others were more expensive because they have 50cc more engine. Never mind the CBR will do twice their speed. Go figure.
 

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And another factor that makes it so tough to estimate, is that insurance companies are using a person's credit score (varies by state, I think). So, 2 people same age, record, same bike may have totally different insurance price. Progressive is usually pretty fair with rates.

Generelly, Wees are pretty good to insure unless you're a young squid with a bad record and bad credit:p
 

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This being your first bike, in other words zero experience riding them, your insurance is liable to be higher.
 

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Insurance rates vary too much between people to give you an answer. Lots of variables are involved. You've got age, driving record, residence, experience, credit score, new or used bike, position of the planets and moons, what grade you got on your last math exam divided by how many hearts you've broken, etc...

Best way to find out is just to contact each insurer and get quotes. My quotes varied from $600 to $1800, same benefits, same bike, just different carriers.
 

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As noted above, rates vary quite a bit. 0ne thing I found was that some companies rate the Strom in the sportbike group others in the cheaper touring group. In my case it made a difference of about 50%. A couple of insurers did not know how to group it so just put it in the most expensive group the had. My agent looked for a deal for me. It came to around $400/yr for full coverage and $1 mil liability.
 

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It may help to take a motorcycle safety course at your local DMV. My insurance company gives 35% off on rates as long as the course has been completed. At my local DMV the course takes about 10 hours (Fri. and Sat.) and only costs $20.00. It depends on the company and the bike. My buddy took the course before buying his first bike (HD...:var_7:) and his Insurance from harley went from almost $500.00 to under $300.00.
 

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Discussion Starter #9
That's the kind of basic info I'm looking for. I didn't know if it would be $100 or $1,000. I'm guessing that I should at least expect $500 - $700 per year for planning purposes.

Again, the info is greatly appreciated.
 

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On my DL1000 in Houston I pay ~$500 for 100/300/100 plus all full coverage except towing and rental. Was with Progressive but hated their customer service, they never could get e-billing working for me. So I dumped them for Dairyland. Have had zero problems with them.

Course Texas is also now documented as having the highest vehicular insurance rates in the US (according to a recent legislative survey). They say it has to do with the number of un and under insured motorists. I think it simply has to do with the fact our legislators under a Republican majority were overly cozy with the insurance industry.

So, if you want cheap insurance don't move to Texas.
 

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I got quotes from multiple companies and Esurance was by far the best deal for me.

Clean record, no tickets, 30 years old, married, and had to go with full coverage since the bike is financed. They even include up to $3000 for accessories on the bike and protective gear.

My yearly cost was something like $420. Other companies were closer to $500 or so.

Hope that helps!
 

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That's the kind of basic info I'm looking for. I didn't know if it would be $100 or $1,000. I'm guessing that I should at least expect $500 - $700 per year for planning purposes.

Again, the info is greatly appreciated.
Why not phone an insurance agent? No guessing involved. Be prepared to tell them:
make/model
whether you're fianancing
type of coverage you want (liability, collision, theft, vandalism, etc)
 

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Cost of Medical Payment Coverage

It has been my experience that you can drive the cost of your insurance way down by doing the following:

1. Drop the medical payment coverage if you have health insurance. If not get the coverage.

2. Increase the deductible on your comprehensive section, ie. collision, theft insurance.

3. Drop the Liability to the minimum to your states requirements.

Just my two cents worth.
 

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just got a quote here in georgia... comprehensive and uninsured motorist at the midway point, minimum everywhere else. Came to a total of $153 per year:D
 

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i just got a quote from progressive and the 2006 DL-1000 is actually 1000$ less a year to insure at the same conditions as my current 2005 R6 with lowjack.

no idea why, but hey makes it easier to jump for the V-Strom. Honey look in 4 years it pays for it self in insurance cost and look if I sell the R6, I actually make money!

(before buying farkles...)
 

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They even include up to $3000 for accessories on the bike and protective gear.
Add up the value of your farkles and rider's protective gear. It can easily exceed $3k for some of us. You might want to buy additional coverage. Safeco covers $1k just for riding gear ($500 max for the helmet) depreciated 10% per year.)

3. Drop the Liability to the minimum to your states requirements.
That depends on one's personal financial position. If you own little, OK. If you have some equity in your home, cars, investments, etc., get more liability coverage. You're really getting the insurance company's million dollar lawyer instead of their $100k kid fresh out of law school.
 

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I have always found dairyland to be the cheapest. Usually alot cheaper. If you tell them you are an experienced rider it will be cheaper yet.
 
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