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    Insurance question

    I have had Hagerty for insurance since I bought my first GS four years ago and it is really cheap--about $150/yr for two bikes including physical damage. Now my 19 yr old son is showing interest again and may buy a bike soon. Of course he'll want a 600 sport bike. Hagerty will not want a 19 year old driver or a 600 sport bike as far as I know. Another 19 yr old who was riding with me and some friends on Sunday (he was driving the wheels off a Burgman 650) said that since he was on a Progressive policy with his dad, his (now sold) 600 was only costing him $300/yr. Does anyone have any experience with getting a young driver insured without having to reduce lifestyle to make payments to an insurance company?
    sigpic
    1983 GS1100ES (Bought July 2014)
    1983 GS1100E (Bought July 2014)
    1985 GS700ES (Bought June 2015) Sold
    On Christ the Solid Rock I Stand
    All Other Ground is Sinking Sand

    #2
    Liability insurance for a motorcycle is cheap because the bike itself isn't likely to hurt other people and/or cause a ton of properly damage. I'd just get some quotes and go from there. And forget about anything other than maybe liability and comprehensive (fire & theft). Collision coverage will cost you big so forget about that.
    Ed

    To measure is to know.

    Mikuni O-ring Kits For Sale...https://www.thegsresources.com/_foru...ts#post1703182

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    Carb rebuild tutorial...https://gsarchive.bwringer.com/mtsac...d_Tutorial.pdf

    KZ750E Rebuild Thread...http://www.thegsresources.com/_forum...0-Resurrection

    Comment


      #3
      Well, the obvious answer is that if he can't afford the insurance, he can't afford the bike, in other words, have him shop for his own insurance.

      That's what I did when my 18 year old wanted a bike. He bought a VFR 800 and I know the 1st year cost him a bunch.

      Now that he's 21, insurance cost dropped considerably.

      I'd be more concerned about him getting a 600 supersport. Is it his 1st bike?
      1978 GS 1000 (since new)
      1979 GS 1000 (The Fridge, superbike replica project)
      1978 GS 1000 (parts)
      1981 GS 850 (anyone want a project?)
      1981 GPZ 550 (backroad screamer)
      1970 450 Mk IIID (THUMP!)
      2007 DRz 400S
      1999 ATK 490ES
      1994 DR 350SES

      Comment


        #4
        Medical is the biggest cost with bike insurance. I went from 10k to 5k and saved about half. Really hoping my general medical takes up the slack.....
        sigpic
        09 Kaw C14 Rocket powered Barcalounger
        1983 GS1100e
        82\83 1100e Frankenbike
        1980 GS1260
        Previous 65 Suzuki 80 Scrambler, 76 KZ900, 02 GSF1200S, 81 GS1100e, 80 GS850G

        Comment


          #5
          Originally posted by Big T View Post
          Well, the obvious answer is that if he can't afford the insurance, he can't afford the bike, in other words, have him shop for his own insurance.

          That's what I did when my 18 year old wanted a bike. He bought a VFR 800 and I know the 1st year cost him a bunch.

          Now that he's 21, insurance cost dropped considerably.

          I'd be more concerned about him getting a 600 supersport. Is it his 1st bike?
          He pays his own way. Very responsible and an excellent driver. Not worried about dumbass behavior. I suggested a three hundred but even with a 600 there isn't much torque down low so I think it'll be good on the street and an easy transition to track days. I saw a kid drive a Burgman 650 like he was invincible and was shaking my head. The bike won't get him in trouble if his brain is engaged.
          sigpic
          1983 GS1100ES (Bought July 2014)
          1983 GS1100E (Bought July 2014)
          1985 GS700ES (Bought June 2015) Sold
          On Christ the Solid Rock I Stand
          All Other Ground is Sinking Sand

          Comment


            #6
            Even older 600's are rocket ships. More power than a GS1000 and 100 lbs lighter.

            If your son already has medical insurance then all he needs is liability and maybe uninsured motorist.
            Ed

            To measure is to know.

            Mikuni O-ring Kits For Sale...https://www.thegsresources.com/_foru...ts#post1703182

            Top Newbie Mistakes thread...http://www.thegsresources.com/_forum...d.php?t=171846

            Carb rebuild tutorial...https://gsarchive.bwringer.com/mtsac...d_Tutorial.pdf

            KZ750E Rebuild Thread...http://www.thegsresources.com/_forum...0-Resurrection

            Comment


              #7
              Originally posted by Nessism View Post
              Even older 600's are rocket ships. More power than a GS1000 and 100 lbs lighter.

              If your son already has medical insurance then all he needs is liability and maybe uninsured motorist.
              I'm aware. Truth is, I'm more concerned that he'll be intimidated and lose interest than I am that he'll act irresponsibly.
              sigpic
              1983 GS1100ES (Bought July 2014)
              1983 GS1100E (Bought July 2014)
              1985 GS700ES (Bought June 2015) Sold
              On Christ the Solid Rock I Stand
              All Other Ground is Sinking Sand

              Comment


                #8
                With insurance, he'll just have to call around to see what kind of deal he can get.

                I know Progressive quoted my son a premium about 3 times what he ended up with.

                A SV 650 may be a better choice
                1978 GS 1000 (since new)
                1979 GS 1000 (The Fridge, superbike replica project)
                1978 GS 1000 (parts)
                1981 GS 850 (anyone want a project?)
                1981 GPZ 550 (backroad screamer)
                1970 450 Mk IIID (THUMP!)
                2007 DRz 400S
                1999 ATK 490ES
                1994 DR 350SES

                Comment


                  #9
                  Originally posted by Big T View Post
                  With insurance, he'll just have to call around to see what kind of deal he can get.

                  I know Progressive quoted my son a premium about 3 times what he ended up with.

                  A SV 650 may be a better choice
                  Who did he end up using?
                  sigpic
                  1983 GS1100ES (Bought July 2014)
                  1983 GS1100E (Bought July 2014)
                  1985 GS700ES (Bought June 2015) Sold
                  On Christ the Solid Rock I Stand
                  All Other Ground is Sinking Sand

                  Comment


                    #10
                    Originally posted by isleoman
                    In Mass much of the expense is having coverage for the un-insured and under-insured folks who may hit you. I could care less about the value of my bikes. It's long term debilitating injuries I'm worried about.

                    I'm surprised CA is so inexpensive. Is that just for 4 months i.e. take it off the road in winter?
                    We can ride for about eight months where I am. Hagerty is especially cheap because they are for classics and have some limitations on riding.
                    sigpic
                    1983 GS1100ES (Bought July 2014)
                    1983 GS1100E (Bought July 2014)
                    1985 GS700ES (Bought June 2015) Sold
                    On Christ the Solid Rock I Stand
                    All Other Ground is Sinking Sand

                    Comment


                      #11
                      My son says $300/yr is about right
                      1978 GS 1000 (since new)
                      1979 GS 1000 (The Fridge, superbike replica project)
                      1978 GS 1000 (parts)
                      1981 GS 850 (anyone want a project?)
                      1981 GPZ 550 (backroad screamer)
                      1970 450 Mk IIID (THUMP!)
                      2007 DRz 400S
                      1999 ATK 490ES
                      1994 DR 350SES

                      Comment


                        #12
                        Moved to New Mexico, no body has insurance here it seems like
                        sigpicMrBill Been a GSR member on and off since April 2002
                        1980 GS 750E Bought new in Feb of 1980
                        2015 CAN AM RTS


                        Stuff I've done to my bike 1100E front end with new Sonic springs, 1100E swing arm conversion with new Progressive shocks installed, 530 sprockets/chain conversion, new SS brake lines, new brake pads. New SS fasteners through out. Rebuilt carbs, new EBC clutch springs and horn installed. New paint. Motor runs strong.

                        Comment


                          #13
                          Originally posted by Big T View Post
                          My son says $300/yr is about right
                          Thanks. It looks like the price goes up quick with any extra coverage.
                          sigpic
                          1983 GS1100ES (Bought July 2014)
                          1983 GS1100E (Bought July 2014)
                          1985 GS700ES (Bought June 2015) Sold
                          On Christ the Solid Rock I Stand
                          All Other Ground is Sinking Sand

                          Comment


                            #14
                            This is an interesting thread, because of the comparison in costs.. The three hundred dollar figure, especially.

                            In the Toronto area a 19 yo with a 600cc sport bike as his first ride would likely find insurance at ten times that cost to be a bargain.

                            I have met riders who pay over $5k a year!

                            When I bought my first GS, the 1100G, I had a long argument with the insurer that I had been with for years as they insisted it was a sport bike and refused to insure it. Eventually they accepted it, but wanted over $1k for the first year. That was 1998 or 99. Almost 20 years later my insurance has gone down to $550/yr for the current Bandit/GSX1250FA
                            "If you scare people enough, they will demand removal of freedom. This is the path to tyranny."
                            Elon Musk Jan, 2022

                            Comment


                              #15
                              Originally posted by argonsagas View Post
                              This is an interesting thread, because of the comparison in costs.. The three hundred dollar figure, especially.

                              In the Toronto area a 19 yo with a 600cc sport bike as his first ride would likely find insurance at ten times that cost to be a bargain.

                              I have met riders who pay over $5k a year!

                              When I bought my first GS, the 1100G, I had a long argument with the insurer that I had been with for years as they insisted it was a sport bike and refused to insure it. Eventually they accepted it, but wanted over $1k for the first year. That was 1998 or 99. Almost 20 years later my insurance has gone down to $550/yr for the current Bandit/GSX1250FA
                              �� That must include physical damage to the bike, correct? For “full” coverage I did get a quote for $4600. Not much point in insuring a $3000 bike by paying over 100% of its value each year to the insurance company.
                              sigpic
                              1983 GS1100ES (Bought July 2014)
                              1983 GS1100E (Bought July 2014)
                              1985 GS700ES (Bought June 2015) Sold
                              On Christ the Solid Rock I Stand
                              All Other Ground is Sinking Sand

                              Comment

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