1989 Katana 750 for $1900+ ???

N

n0n3

New member
Hi everyone,

I have been helping my friend get his first bike on the road and we have run into an insurance snafu. 3 or 4 years ago I had just got my M1 and I bought a 2003 Katana 750 and paid roughly $725 a year. So when my friend was looking for a beginner sport bike I recommended a Katana which In my opinion is a good into to sport bikes. We got quotes last fall for under $1000 on a katana 750 and found a cheep used one and fixed it up over the winter. So now we finished the bike, my friend got his M1, the bike is satisfied and now he just needs insurance and the cheapest we could find today was $1900+ could the rates have changed that much? My friends stats are below.

32 years old / 1989 Katana 75 0/ M1 / No other drivers license (Had G2 but it expired over a year ago)
 
I agree with Scuba Steve -- if your friend was quoting with State Farm (which seems likely given your scenario), then the expiration of the G2 is probably what caused the huge increase in rate. State Farm is unique because it considers car and bike experience to be one and the same. When your friend quoted last year, he was essentially being rated as a biker with 4 years of experience (due to the time he held his G1/G2); however, by letting his G2 expire, he is now considered a risk with 0 years of experience. People should never let their G2 expire . . . is it really that hard to take an hour out of your day to complete a stupid-easy driving exam?

Anyway, my suggestions:

1.) Try to see if State Farm will recognize your friend's previous licensed experience if he obtains his G1/G2 once again. The probably won't, but it doesn't hurt to ask.

2.) Try quoting with a different company. The Katana is considered Sport Touring by most insurance companies, so it isn't surcharged. Perhaps see what Jevco would charge him. Most companies will still consider him as a biker with no experience, but they might give a better rate than State Farm.

Good luck!
 
Scuba Steve said:
That expired G2 is the killer try TD but he may be SOL.
Click to expand...

Couldn't agree more! Thanks to Steve, I made the switch from State Farm to TD.
State Farm was wanting to re-new my policy at $1,400...... Made the switch to TD and now pay about $460/year. (Thanks Steve!)
 
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