Insurance Options??? - Chicagoland Cruisers

Timboosh · 08-19-2009, 02:19 PM

Alright Guys...

So, the one thing I didn't do before signing the dotted line on the b-king - check insurance rates. I "knew" I would be covered with Farmers - my current insurance company.

Well, as it turns out, according to my agent Farmers is no longer insuring motorcycles. They'll continue to hold existing policies, but won't issue new policies (or transfers for that matter). So, I'm insured through another company through my agent called "Foremost."

I'm not too worried about who insures me, BUT, with the new company, my rate more than doubled from the M109R to the BK. (from about $300 a year to over $700 for identical coverage)

Yes, I know that the BK is basically a Hayabusa in disguise - but it's listed as a "standard" by most accounts... so I should be able to avoid the sportbike premium.

Does anyone out there have good luck/rates with another company?

I would feel kinda bad for leaving my agent, because they have been really great for me over the years... but money talks.

So... Any suggestions?

Thanks,

Tim

MDFDWarrior · 08-19-2009, 02:28 PM

I've heard some good accounts of State Farm from others. I have Liberty Mutual for all my vehicles and home.

My rate for Sookie (BK) is $438 and for Ana Lucia (Warrior) is $328 annually. My '05 Busa was $438/yr when I had it over a year ago...
Of course you have to compare like coverage...IIRC mine is $100k/$300k w/ a $500 deductible...

BratmanXj · 08-19-2009, 02:45 PM

Quote:

Originally Posted by MDFDWarrior

$100k/$300k w/ a $500 deductible...

Same here, with State Farm. '03 HD Road king and I'm $500 a year. The downside to State Farm is that their motorcycle policies don't get any perks like good driver, multi-line, etc.

social distortion · 08-19-2009, 02:49 PM

I dont know if I can help
MY V Star 650 full coverage was like $96
the thruxton is $84 w/ $250 ded.

they must know who iM married too and know she wont let me ride much or wrecklessly...

Muskrat · 08-19-2009, 03:18 PM

go with state farm.. they charge by the engine size. i think i was only paying about 450/yr for my 08 busa

dualxhst · 08-19-2009, 03:20 PM

Im with Green Light Insurance. They are out of the Chicago but specialize in motorcylce insurance.

MDFDWarrior · 08-19-2009, 03:43 PM

Quote:

Originally Posted by social distortion

I dont know if I can help
MY V Star 650 full coverage was like $96
the thruxton is $84 w/ $250 ded.

they must know who iM married too and know she wont let me ride much or wrecklessly...

Hey Filly - who are you insured with?

MDFDWarrior · 08-19-2009, 03:44 PM

Quote:

Originally Posted by dualxhst

Im with Green Light Insurance. They are out of the Chicago but specialize in motorcylce insurance.

and your rates are?

Timboosh · 08-19-2009, 04:25 PM

Quote:

Originally Posted by social distortion

I dont know if I can help
MY V Star 650 full coverage was like $96
the thruxton is $84 w/ $250 ded.

they must know who iM married too and know she wont let me ride much or wrecklessly...

dayum!!! what Thom said - who are you with???

Quote:

Originally Posted by MDFDWarrior

and your rates are?

Yeah... again... what Thom said...
(I really just want to be like Thom - that's why I got the BK too...)

BTW - I'd probably be looking at transferring my Renters and auto with the bike too to get a multi-line discount... so if a place is expensive for renters, but cheap on bikes, that would weigh in too...

Thanks guys

Thunderstruck · 08-19-2009, 06:36 PM

I actually have my Info in to a guy right now that does a search on places through my family owned company. Once I get a call back from him, I'll post it up. I have had no claims on anything in over 8 years and no tickets (if u can belive that) so I should b able to get the best pricing. State farm is raising everyones rates no matter who u r or how good your credit is. They r hurting for money. And they just jacked up my rates and other shit they have done. And I'm pissed. So let me see what my guy pulls up. My coverage on everything is all at a minimum of 300k/300k for my cars/bike/house.

08-19-2009, 02:19 PM	#1 (permalink)
Timboosh Senior Member Join Date: Mar 2009 Location: Geneva Motorcycle: Suzuki B-KING Posts: 430 Thanks: 3 Thanked 15 Times in 14 Posts	Insurance Options??? Alright Guys... So, the one thing I didn't do before signing the dotted line on the b-king - check insurance rates. I "knew" I would be covered with Farmers - my current insurance company. Well, as it turns out, according to my agent Farmers is no longer insuring motorcycles. They'll continue to hold existing policies, but won't issue new policies (or transfers for that matter). So, I'm insured through another company through my agent called "Foremost." I'm not too worried about who insures me, BUT, with the new company, my rate more than doubled from the M109R to the BK. (from about $300 a year to over $700 for identical coverage) Yes, I know that the BK is basically a Hayabusa in disguise - but it's listed as a "standard" by most accounts... so I should be able to avoid the sportbike premium. Does anyone out there have good luck/rates with another company? I would feel kinda bad for leaving my agent, because they have been really great for me over the years... but money talks. So... Any suggestions? Thanks, Tim __________________ What do you do when you stay in a motel in a shady area???

08-19-2009, 02:28 PM	#2 (permalink)
MDFDWarrior Admin - Slow Your Roll! Join Date: Mar 2006 Location: Naperville Motorcycle: Star Warrior, Suzuki B-King Posts: 5,701 Thanks: 79 Thanked 27 Times in 24 Posts Member's Picture Albums	I've heard some good accounts of State Farm from others. I have Liberty Mutual for all my vehicles and home. My rate for Sookie (BK) is $438 and for Ana Lucia (Warrior) is $328 annually. My '05 Busa was $438/yr when I had it over a year ago... Of course you have to compare like coverage...IIRC mine is $100k/$300k w/ a $500 deductible... __________________ ~ Thom (House of TORQ Founder) *Fantasize, Visualize, Customize* "You can say it can't be done, just don't interrupt me while I'm doing it...." "..And so castles made of sand fall into the sea, eventually...." Last edited by MDFDWarrior; 08-19-2009 at 02:30 PM..

08-19-2009, 02:49 PM	#4 (permalink)
social distortion Senior Member Join Date: Aug 2007 Location: Naperville, IL Motorcycle: 2006 Yamaha V Star 650 Classic: 2004 Triumph Thruxton 900 Posts: 2,421 Thanks: 1 Thanked 23 Times in 20 Posts	I dont know if I can help MY V Star 650 full coverage was like $96 the thruxton is $84 w/ $250 ded. they must know who iM married too and know she wont let me ride much or wrecklessly... __________________ Born to Lose & Destined to Fail

08-19-2009, 03:20 PM	#6 (permalink)
dualxhst Senior Member Join Date: Jul 2008 Location: Matteson Motorcycle: '07 X-Jet aka RS Warrior Posts: 900 Thanks: 12 Thanked 9 Times in 7 Posts Member's Picture Albums	Im with Green Light Insurance. They are out of the Chicago but specialize in motorcylce insurance. __________________ At 200 mph, you don't have any friends. There are only 3 real sports: bull-fighting, mountain climbing and AUTO RACING. There rest are merely games. -Ernest Hemingway "I told you to make love to the Dragon, not to try and f*ck it!" -Mike Dobbs

08-19-2009, 06:36 PM	#10 (permalink)
Thunderstruck Senior Member Join Date: Jun 2008 Location: bartlett Motorcycle: 97-900rr-RIP 09/09(geez what #'s?!), and other borrowed bikes Posts: 435 Thanks: 20 Thanked 15 Times in 12 Posts	I actually have my Info in to a guy right now that does a search on places through my family owned company. Once I get a call back from him, I'll post it up. I have had no claims on anything in over 8 years and no tickets (if u can belive that) so I should b able to get the best pricing. State farm is raising everyones rates no matter who u r or how good your credit is. They r hurting for money. And they just jacked up my rates and other shit they have done. And I'm pissed. So let me see what my guy pulls up. My coverage on everything is all at a minimum of 300k/300k for my cars/bike/house. __________________ ...plus my gf was with me saying "omg slow down, slow down" and I was thinking "Lose annoying squalk box in passenger seat, afford more mods and have less weight in the car and on the back of the bike"...so i dumped her and I'm single again as usual...YOUR FUCKING OUTTA HERE!!!! HERE KITTY KITTY KITTY!!!!! JUST SHOW ME YOUR "V"!!!!!! BOOTY IS BOOTY!!!!!!

08-19-2009, 03:18 PM	#5 (permalink)
Muskrat Senior Member Join Date: Nov 2007 Location: Joliet Motorcycle: nada Posts: 128 Thanks: 1 Thanked 4 Times in 4 Posts	go with state farm.. they charge by the engine size. i think i was only paying about 450/yr for my 08 busa

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