Every year since I got my licence, I open my insurance renewal hoping to see some change.
- Before I turned 25, everyone said "25 is the magic number for your insurance to drop". When I hit 25, my insurance went up. I am 27 now, insurance hasnt gone down yet.
- Now everyone says "Having your M for three years is when many companies lower your rate" Its past my 3rd year, this year is my 6th riding season, 4th year with my M. My insurance has not gone down.
- The one and only ticket on my record (which i got while driving a car) drops off my record this month. My insurance renews next month. Insurance went up this year.
When i first got my M2, I had some pretty insane insurance quotes, some as high as $10,000 per year. I figured that now many years later I would never see an insane quote again. I was wrong.
Today I called about a dozen insurance companies and brokers. Among some of the quotes, 8 of them were over $5000 per year, 2 of them were as high as $8000-9000 per year. Once again, I am staying with Allstate to get raped for another $4200 for my XDiavel S.
To put things into perspective, the monthly payments on a $23,000 Xdiavel is less than the insurance payments. The full cost of my first bike, a brand new Suzuki GW250 was around the same price as my yearly insurance cost.
People wonder why there is so much insurance fraud in this city. You pretty much need to be 50 years old to get a decent insurance rate.
- Before I turned 25, everyone said "25 is the magic number for your insurance to drop". When I hit 25, my insurance went up. I am 27 now, insurance hasnt gone down yet.
- Now everyone says "Having your M for three years is when many companies lower your rate" Its past my 3rd year, this year is my 6th riding season, 4th year with my M. My insurance has not gone down.
- The one and only ticket on my record (which i got while driving a car) drops off my record this month. My insurance renews next month. Insurance went up this year.
When i first got my M2, I had some pretty insane insurance quotes, some as high as $10,000 per year. I figured that now many years later I would never see an insane quote again. I was wrong.
Today I called about a dozen insurance companies and brokers. Among some of the quotes, 8 of them were over $5000 per year, 2 of them were as high as $8000-9000 per year. Once again, I am staying with Allstate to get raped for another $4200 for my XDiavel S.
To put things into perspective, the monthly payments on a $23,000 Xdiavel is less than the insurance payments. The full cost of my first bike, a brand new Suzuki GW250 was around the same price as my yearly insurance cost.
People wonder why there is so much insurance fraud in this city. You pretty much need to be 50 years old to get a decent insurance rate.