insurance question

Discussion in 'Airheads' started by rfuerst911sc, Jul 23, 2012.

  1. rfuerst911sc

    rfuerst911sc Adventurer

    Jun 21, 2012
    After being away from bikes for 30 years I'm getting back in the game. Purchased a 1976 R90/6 a few weeks ago and I'm taking a motorcycle course to get my license back. But my question is regarding insurance what are you guys using ? And what deductibles and coverage are you getting ? I got a quick quote from Allstate last week and it was under $140.00 per year but I have nothing to compare that to. Any help is appreciated. Thanks
  2. Morgan Steele

    Morgan Steele Been here awhile

    Jan 21, 2012
    Scottsdale, AZ
    The insurance coverage limits that you need depend on your personal assets situation. What works for others may not work for you. You want sufficient insurance - i.e., not too much and not too little. I recommend sitting down with your insurance agent after reviewing what you're trying to protect (e.g., home, family, business, etc.). Be sure to check on on UM (uninsured motorist), UIM (underinsured motorist), and umbrella coverages if applicable in your state. There are many variables but feel free to PM me for additional information.
  3. Mista Vern

    Mista Vern Knows all - tells some.

    Dec 1, 2005
    McMinnville, Oregon
    What Morgan said. There have been a lot of insurance threads over the years and people are all over the place regarding companies, payments, etc., so the best thing is to find out what works best for you in your situation. Get several quotes if you have time and don't mind switching carriers.
  4. pthomas

    pthomas Been here awhile

    Jan 24, 2011
    St. Petersburg, FL
    Out of curiosity, what was the coverage at that price?

    My motorcycle is no longer on the road but I didn't have insurance because Geico wanted an absurd amount of $ for 300k liability all across + coverage for the bike.
  5. bmwloco

    bmwloco Long timer

    May 13, 2008
    AsheVegas NC
    Hagerty is great. Stated value insurance, great rates, and I know it to true in NC and AL that it meets state requirements. I have been with them for 10 years. Three BMWs are under $175 annually.
  6. squish

    squish Out of the office.

    Dec 4, 2003
    Where the Ghetto meets the sea.
    I once heard a suggestion of twice your net worth as a good place to start figuring out you liability.

    Don't fall into the trap that you have to have everything under one roof.
    And you can save a lot of money by shopping around every few years.

    But like others have said its a personal thing. The whole insurance is a risk based deal. How much risk do you want to take one?