How much insurance do I really need? - Page 2 : KawiForums.com Kawasaki Forums: Kawasaki motorcycle forums
» Sponsors





» Insurance
Go Back   KawiForums - Kawasaki Motorcycle Forums > Open Discussion > Two Wheeled Discussion
New User? Register - Forgot Password

Reply
 
LinkBack Thread Tools Display Modes
Old 12-28-2012, 04:27 PM   #11 (permalink)
Intermediate Member
 
Join Date: Sep 2011
Posts: 1,237
sportyaccordy has at least 3000 rep pointssportyaccordy has at least 3000 rep pointssportyaccordy has at least 3000 rep pointssportyaccordy has at least 3000 rep pointssportyaccordy has at least 3000 rep pointssportyaccordy has at least 3000 rep pointssportyaccordy has at least 3000 rep pointssportyaccordy has at least 3000 rep pointssportyaccordy has at least 3000 rep pointssportyaccordy has at least 3000 rep pointssportyaccordy has at least 3000 rep points
Default

If budget is tight not sure buying bike is a good idea

You need gear and maintenance money... shit happens
__________________
Honda Grom headlight Morimoto D2S bixenon projector DDM Tuning 55W HID kit Yoshimura TRC exhaust Renthal Superbike Low Bars Corbin seat ZX9R cluster (no speedo healer!)

My bike is REALLY confused
sportyaccordy is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 01-02-2013, 05:37 AM   #12 (permalink)
Senior Member
 
williamr's Avatar
 
Join Date: Nov 2009
Location: Cheshire, UK
Posts: 5,288
williamr has between 30,000 and 40,000 rep pointswilliamr has between 30,000 and 40,000 rep pointswilliamr has between 30,000 and 40,000 rep pointswilliamr has between 30,000 and 40,000 rep pointswilliamr has between 30,000 and 40,000 rep pointswilliamr has between 30,000 and 40,000 rep pointswilliamr has between 30,000 and 40,000 rep pointswilliamr has between 30,000 and 40,000 rep pointswilliamr has between 30,000 and 40,000 rep pointswilliamr has between 30,000 and 40,000 rep pointswilliamr has between 30,000 and 40,000 rep points
Default

I find it hard to believe that you can ride anywhere without liability insurance. Maybe someone can confirm for Florida?

If so, riding without it is plain stupid. For the bike, if it's on finance you need full coverage - there's nothing worse than making payments on a bike that's wrecked. Otherwise, try to balance the premium against the value of the bike. If it's new or not too old it's worth having full coverage. If it's an old beater, it isn't.

Weebel - liability if you paralyse somebody could run to maybe 10 - 15 million dollars a years for continuing care for the next 40 or 50 years. You can cause that kind of damage in the sort of collision where your yourself can just get back on the bike and ride on.

Rob
williamr is offline   Reply With Quote
Old 01-02-2013, 10:12 AM   #13 (permalink)
Intermediate Member
 
exalted512's Avatar
 
Join Date: Jan 2009
Location: College Station, TX
Posts: 3,835
exalted512 has between 20,000 and 30,000 rep pointsexalted512 has between 20,000 and 30,000 rep pointsexalted512 has between 20,000 and 30,000 rep pointsexalted512 has between 20,000 and 30,000 rep pointsexalted512 has between 20,000 and 30,000 rep pointsexalted512 has between 20,000 and 30,000 rep pointsexalted512 has between 20,000 and 30,000 rep pointsexalted512 has between 20,000 and 30,000 rep pointsexalted512 has between 20,000 and 30,000 rep pointsexalted512 has between 20,000 and 30,000 rep pointsexalted512 has between 20,000 and 30,000 rep points
Send a message via AIM to exalted512
Default

I've read from multiple people that MC's dont need insurance in FL.
-Cody
__________________
2009 ZX-6R (Track)--Akrapovic Evolution Full Exhaust, PC V, Auto Tune, Dyno Tuned, BMC Race Filter, Kleen Air Block Off Kit, Stomp Grips, GP Shift, Woodcraft Rear Sets, Sharkskinz Plastics

2009 650R (Street)--Stock
exalted512 is offline   Reply With Quote
Old 01-02-2013, 03:49 PM   #14 (permalink)
Jr. Member
 
Art Vandelay's Avatar
 
Join Date: Dec 2012
Location: Central Florida
Posts: 35
Art Vandelay has at least 10 rep points
Default

Quote:
Originally Posted by williamr View Post
I find it hard to believe that you can ride anywhere without liability insurance. Maybe someone can confirm for Florida?

If so, riding without it is plain stupid. For the bike, if it's on finance you need full coverage - there's nothing worse than making payments on a bike that's wrecked. Otherwise, try to balance the premium against the value of the bike. If it's new or not too old it's worth having full coverage. If it's an old beater, it isn't.

Weebel - liability if you paralyse somebody could run to maybe 10 - 15 million dollars a years for continuing care for the next 40 or 50 years. You can cause that kind of damage in the sort of collision where your yourself can just get back on the bike and ride on.

Rob
I'm definitely not going to get full coverage on the bike, as it will be at most a $3000 bike. I'll be buying used, and might end up going with an older model 250 to really save some money. I've seen them going for $1500 or less. I may get comprehensive just because I live in a student housing apartment complex and it could be a potential theft target.

I can certainly swing like $250k in liability, but as far as millions in liability, I dont know exactly how one could prepare for something like that.

Quote:
Originally Posted by exalted512 View Post
I've read from multiple people that MC's dont need insurance in FL.
-Cody
Yeah, I'm friends with a police officer who says the same. If however you choose to ride without a helmet you must carry proof of $10,000 of medical insurance for yourself, a drop in the bucket for the type of expenses that can result from a helmetless accident . This is irrelevant to me, one, because I always plan to ride ATGATT, and two, if you're under 21 you're bound by law to wear a helmet, indicated by a nice little marking on your tag that says "UNDER 21"
Art Vandelay is offline   Reply With Quote
Old 01-02-2013, 05:38 PM   #15 (permalink)
Intermediate Member
 
Join Date: Oct 2008
Location: Kennesaw, GA
Posts: 1,016
mikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep points
Send a message via Skype™ to mikeurtno
Default

Where do you live where full coverage on a 250 is 3k a year?

Sent from my SAMSUNG-SGH-I727 using Motorcycle.com Free App
mikeurtno is offline   Reply With Quote
Old 01-02-2013, 05:50 PM   #16 (permalink)
Senior Member
 
Jeff in Kentucky's Avatar
 
Join Date: Jun 2010
Posts: 4,037
Jeff in Kentucky has between 10,000 and 20,000 rep pointsJeff in Kentucky has between 10,000 and 20,000 rep pointsJeff in Kentucky has between 10,000 and 20,000 rep pointsJeff in Kentucky has between 10,000 and 20,000 rep pointsJeff in Kentucky has between 10,000 and 20,000 rep pointsJeff in Kentucky has between 10,000 and 20,000 rep pointsJeff in Kentucky has between 10,000 and 20,000 rep pointsJeff in Kentucky has between 10,000 and 20,000 rep pointsJeff in Kentucky has between 10,000 and 20,000 rep pointsJeff in Kentucky has between 10,000 and 20,000 rep pointsJeff in Kentucky has between 10,000 and 20,000 rep points
Default

"Where do you live where full coverage on a 250 is 3k a year?"

He wrote that he is buying a used bike with a $3,000 or less purchase price.
__________________
"Some men learn by listening, some read, some observe and analyze- and some of us just have to pee on the electric fence." from the book Variable Star by Heinlein and Robinson."He wondered what difference any of it would make two hundred years from now- from the book Cyclops by Clive Cussler. "Diapers and Politicians should be changed often- both for the same reason."
Jeff in Kentucky is offline   Reply With Quote
Old 01-02-2013, 05:51 PM   #17 (permalink)
Jr. Member
 
Art Vandelay's Avatar
 
Join Date: Dec 2012
Location: Central Florida
Posts: 35
Art Vandelay has at least 10 rep points
Default

Quote:
Originally Posted by mikeurtno View Post
Where do you live where full coverage on a 250 is 3k a year?

Sent from my SAMSUNG-SGH-I727 using Motorcycle.com Free App
I think you misunderstood. I meant, I'm not going to get full coverage on my bike, as in comprehensive and collision, because THE BIKE will only be a $3000 or less bike. Not worth paying all that money for such an inexpensive bike. Don't get me wrong, it'll still be a big hit to my poor college kid bank account, but there's no point paying an insurance bill that costs as much as the bike.
Art Vandelay is offline   Reply With Quote
Old 01-02-2013, 11:35 PM   #18 (permalink)
Intermediate Member
 
Join Date: Oct 2008
Location: Kennesaw, GA
Posts: 1,016
mikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep pointsmikeurtno has between 5,000 and 7,500 rep points
Send a message via Skype™ to mikeurtno
Default

Fair enough. I'm in the same boat I was just confused and wondering where the hell insurance was so expensive.

Sent from my SAMSUNG-SGH-I727 using Motorcycle.com Free App
mikeurtno is offline   Reply With Quote
Old 01-03-2013, 02:32 AM   #19 (permalink)
Proud A-hole
 
LarryJ's Avatar
 
Join Date: Apr 2010
Location: Chesapeake, VA '06 ZZR fighter, 05 VTX-1300
Posts: 15,129
LarryJ has between 60,000 and 70,000 rep pointsLarryJ has between 60,000 and 70,000 rep pointsLarryJ has between 60,000 and 70,000 rep pointsLarryJ has between 60,000 and 70,000 rep pointsLarryJ has between 60,000 and 70,000 rep pointsLarryJ has between 60,000 and 70,000 rep pointsLarryJ has between 60,000 and 70,000 rep pointsLarryJ has between 60,000 and 70,000 rep pointsLarryJ has between 60,000 and 70,000 rep pointsLarryJ has between 60,000 and 70,000 rep pointsLarryJ has between 60,000 and 70,000 rep points
Send a message via Skype™ to LarryJ
Default

I prefer full coverage, but you need to at least have uninsured motorist and liability. If youre financing the bike then your bank wil require full coverage, though I dont know if they actual check to see if you have it. I like the piece of mind I get with full coverage, and I can afford it, so to me it makes sense. I'll agree though that insurance is a scam when you think about it. You dont get back any money if you go without incidents, but theyll gladly charge you more if you do.

So get liability and uninsured motorists. There are uninsured fuckers out there and you dont want to become their victim. If you cant swing full coverage then I suggest you stash some money in a separate account in case you need to fix something down the road due to collision/low side/or whatever reason.
__________________
Most violated KF rule: 2. - Post titles should be descriptive of the contents of your post. i.e. "Help with fuel injectors" instead of "HELP!!!!"


LarryJ is offline   Reply With Quote
Old 01-03-2013, 02:40 AM   #20 (permalink)
Jr. Member
 
Art Vandelay's Avatar
 
Join Date: Dec 2012
Location: Central Florida
Posts: 35
Art Vandelay has at least 10 rep points
Default

Quote:
Originally Posted by LarryJ View Post
I prefer full coverage, but you need to at least have uninsured motorist and liability. If youre financing the bike then your bank wil require full coverage, though I dont know if they actual check to see if you have it. I like the piece of mind I get with full coverage, and I can afford it, so to me it makes sense. I'll agree though that insurance is a scam when you think about it. You dont get back any money if you go without incidents, but theyll gladly charge you more if you do.

So get liability and uninsured motorists. There are uninsured fuckers out there and you dont want to become their victim. If you cant swing full coverage then I suggest you stash some money in a separate account in case you need to fix something down the road due to collision/low side/or whatever reason.
Yeah definitely not going to get full coverage because I plan to buy a used bike for less than $3000, probably less than $2000. It makes no sense to pay premiums that are half the cost of the bike. I might get comprehensive for theft, but otherwise its just going to be 250/500/100 liability and UM/UIM.

And even with regards to the UM/UIM insurance, I'm not sure if I'll get it. I have health insurance through my mom's employer through a major provider, and my lost wages would be little to nonexistent. Pain and suffering benefits would be nice, but adding in a significant amount of UM/UIM makes my cost of insurance go from about $100 a year to about $70 a month.
Art Vandelay is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not 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


Powered by vBadvanced CMPS v3.2.2

All times are GMT -4. The time now is 10:48 PM.



Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Motorcycle News, Videos and Reviews
Honda Grom Forum Harley Davidson Forum Honda 600RR Forum Kawasaki Forum Yamaha R6 Forum Yamaha FZ-09 Forum
1199 Panigale Forum Roadglide Forum Honda CBR1000 Forum Vulcan Forum Yamaha R1 Forum Yamaha R3 Forum
Ducati Monster Forum Harley Forums Honda CBR250R Forum ZX10R Forum Star Raider Forum Yamaha Viking Forum
Suzuki GSXR Forum V-Rod Forums Honda Shadow Forum Kawasaki Motorcycle Forum Star Warrior Forum KTM Duke 390 Forum
SV650 Forum BMW S1000RR Forum Honda Fury Forum Kawasaki Versys Forum Drag Racing Forum Ducati 899 Panigale Forum
Suzuki V-Strom BMW K1600 Triumph Forum Victory Forums Sportbikes BMW NineT Forum
Volusia Forum BMW F800 Forum Triumph 675 Forum MV Agusta Forum HD Street Forum Suzuki GW250 Forum
Yamaha Motorcycles Victory Gunner Forum Honda Vultus Forum HD LiveWire Forum Ninja H2 Forum Ducati Scrambler Forum Kawasaki Ninja 250SL Forum