MotoHouston.com MotoHouston.com
Register Members List Member Map Media Calendar Garage Forum Home Mark Forums Read

Go Back   MotoHouston.com > General Discussion > General Discussion (Moto Related)
Forgot info?

Welcome to MotoHouston.com! You are currently viewing our forums as a guest which gives you limited access to the community. By joining our free community you will have access to great discounts from our sponsors, the ability to post topics, communicate privately with other members, respond to polls, upload content, free email, classifieds, and access many other special features. Registration is fast, simple and absolutely free, join our community!

Register Today!

If you have any problems with the registration process or your account login, please contact us.


FREE MH Decals by MAIL!

Advertisement

Reply
Share This Thread: 
Subscribe to this Thread Thread Tools
Old 07-18-2014, 04:23 PM   #1
J.J. McQuade
DORC MEMBER
 
J.J. McQuade's Avatar
 
Join Date: May 2012
Location: Cypress
Feedback Rating: (0)
Posts: 2,590

Experience: 4 years

Bike(s):
2008 Ducati Multi-Strada 1100S
1993 Ducati 900SS (Designated Sweeper)
Acura NSX-T Type R


Member Garage





Full Coverage or Liability?

I'm sure this topic has been brought up numerous times; but just trying to get a general idea how many folks fully insure their sport bikes when they own it out-right. Obviously if there is a lien holder the bike must be fully insured. This question is for the people that do not finance toys. Just picked up another bike and Patrick is spending my money as we speak, and I normally don't get full coverage on any of my bikes. I guess it all comes down to value and if the risk is worth not paying for full coverage.
__________________
DORC
J.J. McQuade is offline   Reply With Quote
Similar Topics
Thread Thread Starter Forum Replies Last Post
Looking for Commercial General Liability Coverage Ogre Off Topic 1 03-03-2010 05:44 PM
Full Coverage Question DvlRacer General Discussion (Moto Related) 5 06-10-2009 06:56 PM
Full Coverage BadApple Moto Insurance 11 08-22-2008 08:14 PM
Full coverage.... Hooligan Moto Insurance 21 08-15-2008 01:41 PM
full coverage gsxr_firerider Moto Insurance 1 05-31-2008 01:21 PM
Advertisement
Old 07-18-2014, 04:26 PM   #2
dbuck
Stayin' Young
 
dbuck's Avatar
 
Join Date: Feb 2006
Location: NW Houston BW8/290
Feedback Rating: (5)
Posts: 19,638

Experience: 10+ years
Trackdays: 10+

Bike(s):
02 Honda Superhawk









Send a message via AIM to dbuck
I just pay for underinsured and uninsured+ PIP + theft. No collision that I am aware of....too many folks on the road to carry just basic liability on a bike IMO.

My annual cost is about double (vs liability only) to add the above. i.e. less than 500 pr yr.
dbuck is offline   Reply With Quote
Old 07-18-2014, 05:11 PM   #3
Bevo
Hook 'em!
 
Bevo's Avatar
 
Join Date: Mar 2009
Location: Houston-The South Loop
Feedback Rating: (0)
Posts: 24,323

Experience: 10+ years
Trackdays: 3

Bike(s):
'12 CBR1000RR Red/Black
'14 CB1000R Matte Gray
'10 CBR1000RR (destroyed)
'09 CBR1000RR C-ABS (sold)
'09 CBR600RR C-ABS (sold)

Member Garage





Quote:
Originally Posted by J.J. McQuade View Post
I guess it all comes down to value and if the risk is worth not paying for full coverage.
yup, or if you want to pay for everyone's crashed or stolen bike
__________________
Quote:
Originally Posted by bumblebee View Post
"I lack skillz"
Bevo is online now   Reply With Quote
Old 07-18-2014, 05:30 PM   #4
j_e_hurst
Josh
 
j_e_hurst's Avatar
 
Join Date: Aug 2011
Location: Santa Fe
Feedback Rating: (1)
Posts: 6,251

Experience: 5 years
Trackdays: 10+

Bike(s):
Back on a GSXR!!! 08 600









I've only carried liability on bikes. My liability is about 250/year versus 300+/month for full coverage. I can't see spending that kind of money on insurance. If something were to happen, like it has before, I just pay for repairs out of pocket. Still ended up WAY cheaper than carrying full coverage.
__________________
JoshSigpic zps240ea710
j_e_hurst is offline   Reply With Quote
Old 07-18-2014, 05:43 PM   #5
Yillbs
Senior Member
 
Yillbs's Avatar
 
Join Date: Feb 2011
Location: Brenham
Feedback Rating: (0)
Posts: 866

Experience: 5 years
Trackdays: 2

Bike(s):
2007 Ninja 650R ( SOLD )
2012 FZ6R
2016 R6


Member Garage





Quote:
Originally Posted by J.J. McQuade View Post
I'm sure this topic has been brought up numerous times; but just trying to get a general idea how many folks fully insure their sport bikes when they own it out-right. Obviously if there is a lien holder the bike must be fully insured. This question is for the people that do not finance toys. Just picked up another bike and Patrick is spending my money as we speak, and I normally don't get full coverage on any of my bikes. I guess it all comes down to value and if the risk is worth not paying for full coverage.
not entirely true. Yamaha finance with GE doesn't require you to have full coverage on the bike. I do, but i for some reason have a very low premium so i just kept it.

__________________
lets be CIVIL!
Yillbs is offline   Reply With Quote
Old 07-18-2014, 05:50 PM   #6
Jlop
Member
 
Jlop's Avatar
 
Join Date: Jul 2014
Location: Cypress
Feedback Rating: (0)
Posts: 75

Experience: 4-8 months

Bike(s):
2015 HD Street Glide









I got full coverage with progressive and paid 339 for the year. I have a cruiser tho. Sport bike is probably more I'm guessing.
Jlop is offline   Reply With Quote
Old 07-18-2014, 05:55 PM   #7
xsv
Drug Specialist
 
xsv's Avatar
 
Join Date: Apr 2013
Location: Houston
Feedback Rating: (0)
Posts: 444

Experience: 1 year

Bike(s):
2000 SV650
2012 Honda CBR 250R (SOLD)








Better to have it and not need it than not have it and need it. I carry full coverage on my 250.
xsv is offline   Reply With Quote
Old 07-18-2014, 06:22 PM   #8
ST675
01101000 01101001
 
ST675's Avatar
 
Join Date: Jun 2008
Location: Cypress
Feedback Rating: (3)
Posts: 1,378

Experience: 10+ years

Bike(s):
lots of bikes from 80cc to 1200cc
Current : ZX11
KX80







Ins rates are so specific it's hard to ask about others. For me, it makes 1% diff if I have liability only or everything under the sun with a 250 deductible. This has been the case access about 8 bikes... So I carry everything they offer and pay about $50/month
__________________
That may be your first bike....but its not your last....
ST675 is offline   Reply With Quote
Old 07-18-2014, 07:07 PM   #9
j_e_hurst
Josh
 
j_e_hurst's Avatar
 
Join Date: Aug 2011
Location: Santa Fe
Feedback Rating: (1)
Posts: 6,251

Experience: 5 years
Trackdays: 10+

Bike(s):
Back on a GSXR!!! 08 600









Quote:
Originally Posted by ST675 View Post
Ins rates are so specific it's hard to ask about others. For me, it makes 1% diff if I have liability only or everything under the sun with a 250 deductible. This has been the case access about 8 bikes... So I carry everything they offer and pay about $50/month
If that was the case for me, i'd carry fc. I have fc with everything on my truck and my wife's car and pay 900/6 months.
__________________
JoshSigpic zps240ea710
j_e_hurst is offline   Reply With Quote
Old 07-18-2014, 07:28 PM   #10
mxrider14
Senior Member
 
Join Date: Jun 2012
Location: Lake Jackson
Feedback Rating: (0)
Posts: 322

Experience: 10+ years
Trackdays: 4

Bike(s):
'06 KTM 525 sumo/dirt
'13 Aprilia Tuono APRC








It all depends on what bike you are trying to insure.

For example, I've been bike shopping and looking up insurance rates for a new naked bike. The most ridiculous was BMW S1000R. With Progressive, the cheapest Full Coverage with $1,000 deductible was over $6,000 per year. Mind you, I am 25 and haven't had a traffic ticket in over 5 years, no accidents, clean record.

How much for Liability you ask? Under $200 a year. How does society expect me to pay that much for full coverage? In just 2.5 years, I could buy ANOTHER s1000r with the insurance savings if I go with Liability.

Make it affordable, and I will pay. But until then, I'll have to pay cash for a new bike and just "try" to be careful and responsible. I enjoy the occasional track day, I'm much more scared to drop the bike at the track than the road - just because I don't push it on the road. On the track, that's another story lol.
mxrider14 is offline   Reply With Quote
Old 07-18-2014, 09:07 PM   #11
bryan954
blank
 
bryan954's Avatar
 
Join Date: Oct 2006
Location: Cypress
Feedback Rating: (0)
Posts: 639

Experience: 10+ years

Bike(s):
DRZ400SM
KTM 1290 Duke
crf 50







I pay about 300 bucks a month for full coverage on 5 vehicles, it just costs so little for me that I keep full coverage.
bryan954 is offline   Reply With Quote
Old 07-18-2014, 09:15 PM   #12
kingworm
last seen being stupid
 
kingworm's Avatar
 
Join Date: Feb 2014
Location: woodlands
Feedback Rating: (0)
Posts: 426

Experience: 4 years

Bike(s):
92 vulcan vn 750
1981 cb 400








120 a year for two bikes and drivers liability. beat that
__________________
th?idHN608024527291616749&amppid151&ampP0
kingworm is offline   Reply With Quote
Old 07-18-2014, 09:34 PM   #13
bryan954
blank
 
bryan954's Avatar
 
Join Date: Oct 2006
Location: Cypress
Feedback Rating: (0)
Posts: 639

Experience: 10+ years

Bike(s):
DRZ400SM
KTM 1290 Duke
crf 50







Quote:
Originally Posted by kingworm View Post
120 a year for two bikes and drivers liability. beat that
One of mine as a ferrari.
bryan954 is offline   Reply With Quote
Old 07-19-2014, 10:37 AM   #14
bluewave18
Safety Third
 
bluewave18's Avatar
 
Join Date: Oct 2007
Location: S.E.
Feedback Rating: (0)
Posts: 34,121

Experience: 10+ years

Bike(s):
08 Busa
03 XR 50








The Busa was 100/month so I saw it as easy worth the piece of mind. All others have been 100 or less for fc. My first zx6r in 00' was 3k a year. I paid it even though I paid 8k cash for the bike. It was stolen 3 months later, so I would say it was worth it.
__________________
"Just curious,wife turns 40 soon. And I have a bucket list to accomplish. She can get frisky after a few drinks which I haven't used to my full advantage, YET!"
bluewave18 is online now   Reply With Quote
Old 07-20-2014, 09:47 PM   #15
green600
HG Chairperson
 
green600's Avatar
 
Join Date: Jan 2011
Location: 77045
Feedback Rating: (3)
Posts: 20,191

Experience: 1-3 months
Trackdays: 1











I'm paying around 65 a month with State Farm for full coverage. Once bike was paid off I checked liability and the savings was minimal.
__________________
Sure, I've been called a xenophobe, but the truth is, I'm not. I honestly just feel that America is the best country and the other countries aren't as good. That used to be called patriotism.

yeah. I thought it'd be like riding with a condescending rossi.
green600 is offline   Reply With Quote
Old 07-20-2014, 09:54 PM   #16
Stricken55
Zoom Zoom
 
Stricken55's Avatar
 
Join Date: Apr 2010
Location: SW Houston
Feedback Rating: (0)
Posts: 656


Bike(s):
12' Stratoliner Deluxe
RC51 SP2
FZ6R (sold)
SV650 (sold)
KLX250SF (sold)






FC for peace of mind...
Stricken55 is offline   Reply With Quote
Old 07-20-2014, 10:36 PM   #17
Vividkid
Senior Member
 
Join Date: Apr 2007
Feedback Rating: (0)
Posts: 887












If your old and married, it's cheap, if youre young(Under 30) and not married, its very expensive.
__________________
sig
Vividkid is offline   Reply With Quote
Old 07-20-2014, 10:40 PM   #18
r6racer
track
 
r6racer's Avatar
 
Join Date: Dec 2012
Location: Houston
Feedback Rating: (4)
Posts: 8,582

Experience: 2 years
Trackdays: 10+

Bike(s):
2008 Yamaha R6 Race/track
2012 Yamaha WGP R6
2004 Kawasaki KLx250 2-stroke
2008 Yamaha R6 Street *Sold*
2005 Yamaha R6 Track *Sold*

Member Garage





lol just get pricing for yourself, and see if its worth it.
r6racer is offline   Reply With Quote
Old 07-20-2014, 11:29 PM   #19
Tojo92
AKA Mongo
 
Tojo92's Avatar
 
Join Date: Jul 2007
Location: Cedar Park, TX
Feedback Rating: (7)
Posts: 5,142

Experience: 10+ years
Trackdays: 10+

Bike(s):
1994 Ducati 900 SS/SP
2003 Honda CRF450R motard
2002 Husqvarna NOX
2001 KTM Duke II






None of my bikes have liens on them, they are my toys in the big scheme of life.

Four and a half years ago, after a crash on 3090, I looked back and figured out I had NEVER collected a cent for all the motorcycle insurance I've paid since I was young and REALLY stupid.

I now only carry the minimum needed, the rest is "self-insured".

I'm ahead of the game at this point and that includes fixing up my (now) track only ZX10R after a lowside at TWS (Texas World Speedway) right after I dropped my coverage.

Of course, I'm a cheap bastid and none of my bikes costs over $10K, ever. Most are/were well under $10K in total "invested".
__________________
CMRA#665 (neighbor of the beast)
The Problem - Endurance
Tojo92 is offline   Reply With Quote
Old 07-21-2014, 08:38 AM   #20
Neon Samurai
3090 MotoGP Champion
 
Neon Samurai's Avatar
 
Join Date: Mar 2012
Location: Kings Landing
Feedback Rating: (0)
Posts: 3,221

Experience: 10+ years

Bike(s):
2010 Ducati Streetfighter (sold)
2012 Triumph Speed Triple R
2008 Triumph Sprint ST (Sold)
2014 BMW s1000R
2012 Aprilia Tuono (sold)






Full coverage all the time...Im not a jew and like a piece of mind.
__________________
ASSASSINO
Neon Samurai is offline   Reply With Quote
Reply


Thread Tools

Advertisement


All times are GMT -5. The time now is 08:53 AM.


MotoHouston.com is not responsible for the content posted by users.
Privacy Policy