It's renewal time for my insurance. I currently have full coverage. The insurance company just jacked my premium up by $100.00. I've had no accidents or tickets and I just turned 30. Don't understand why theyre increasing it. Anyway, I just paid the 14 off today and I'm thinking about switching to liability only coverage. Im wondering what you guys think about Full Coverage vs. Liability. Any suggestions are welcome!

The basic question you need to answer is "Can you afford to lose the bike?" The answer to your insurance question is inversely proportional to the answer to that one.

There are 2 parts to your insurance that make it expensive - comprehensive and collision. If you can safeguard the bike against theft, then you could drop the comprehensive part. LoJack would be a great alternative, imo. Generally though, comprehensive is not that expensive (mine is about $250 per year), and I personally consider it a good investment.

The really expensive part is actually your collision insurance, which covers the bike in case you have an at-fault or no-fault accident. Most of your insurance bill is for this part of the coverage. Some people skip this coverage with the idea that if they get in an accident where this insurance will be useful, they won't survive to care. Others think they're good enough riders that they will never need it. Also keep in mind that this coverage can be denied for many reasons, including if they think you were racing, whether on the track or on the streets.

Again, if you can afford, or at least live with, losing the bike then you can skip this coverage and save most of your insurance premiums.

* Last updated by: Caroobs on 3/28/2012 @ 9:56 AM *

if you can afford, or at least live with, losing the bike then you can skip this coverage and save most of your insurance premiums.

^^well said. Also, my insurance INCREASED my coverage without asking me. Just sent me a letter telling me they decided to add coverage and here is the extra amount you will owe. I called immediately and the minimum required insurance to legally operate the vehicle (which is how I prefer to roll) was restored.

I accept that I may wreck the bike and in all likelihood it would be a total write-off. My experience street riding tells me that a wreck is not very likely for my riding habits. If I ever do wreck the bike, there is a chance that I may give up riding for a long time after or perhaps not ride again. A small amount of damage is not worth the extra cost of comjprehensive insurance; I would just pay for and fix that myself. As far as theft, you just have to accept responsibility for protecting your stuff.

When all is said and done, there is no way any insurance is going to pay to replace my 2008 ZX-14 with all of the mods it has. Think of the depreciation.

I would have paid huge ins for the past 5 years---cost me maybe $5000-$6000 more than what I paid so far. If I total the bike, I might get $6000 if fully covered.

let's do the math:
Bike $11,500 + mods ~$5000 + full coverage ins 5 years $6000 = $22,500......... - and if I wreck I get $6000 = a loss of $16,500 of which - $6000 for insurance was totally useless because what they pay out would be exactly what it cost me --total wash.

never forget, always remeber: Insurance is here to make money just like the gambling casino. They do not allow easy wins or they go out of business. They are highly profit motivated, they are not here for any altruistic purpose whatsoever.

so spend as you like. I prefer to rely on God as much as I am allowed by our earthly law. Health insurance for the elderly is about the only good bet in ins and even that is questionable. we all gonna be dead some day. just some of us last a couple years longer on meds and/or in a hospitol. Seen it every day for the last year. What is the value of that in $$$$? personally, I would have enjoyed a few motorcycles in my better years a lot more.

booooooooooooooyah

...........course you always just might have something like this happen. That is what the insurance co wants to remind you of when you are choosing coverage.

MAN, that's gotta suck really bad! ...but some things in life suck once ina great while. Can't happen with everything you own or do--if so you are due for gene pool elimination anyway.

* Last updated by: Rook on 3/28/2012 @ 11:20 AM *

lol I remeber that old video to funny lol he deserves that what a fool. Better in the parking lot and not on the fwy right lol

coulda been a little more careful first time on the bike but he wanted to look cool. Then again, he wasn't completely unreasonable on the clutch or the throttle there.

Monte, I had a thought as I was just out for a little mind clearing run.

As a rule, I don't insure things that are replaceable or expendable. When I do insure, like everyone, the amount of coverage is related to how much I can afford to spend in general. You can spend as much as you want to cover some things. The more you spend the more handsome is the payout (that you hope you will never claim-LOL). A brand new bike is probably worth insuring because its value will be more completely replaced in the event of a total loss. Bikes that have grown a few years old, most are not worth insuring for replacement value because of depreciation. However, if you bought the bike new, it certainly is worth what you paid for it as far as you are concerned. You don't want an old bike to replace your reliable well cared for bike. That is what my little math problem up there illustrates.

Things such as life or cherished personal objects (perhaps your bike)are not replaceable. If they can be insured for a certain amount obviously that does not replace them. So it is a judgement call any time you insure such objects. There is no point in thinking about what the cost of replacement is.

You have to ask for guidance on this from above. God might work through your insurance co to protect you. If he gave you the $$$$ He might well expect you to spend it. No Joke. After all, insurance companies do cover acts of God.

* Last updated by: Rook on 3/28/2012 @ 1:00 PM *

Thanks all,

After thinking about it, I'm going to stay with full coverage. I called my insurance company and realized they still had my old address on file. When I changed it, they dropped my premium back down to where it was. I think its worth piece of mind for me to have it.

I know you decided already but you can always shop around too.
I was with Progressive until they sharply increased my rates. Went to Geico and saved a lot of money AND got better coverage.

Yeah, 2nd on shopping around, when my old company looked at jacking my rates, i switched all of my insurances and saved something like $400/month vs the old rates, $700/month vs the new rates.

I also agree that you should shop around. Just turned 56 this week, no accidents or tickets, and received a $983.00 quote for full coverage versus $101.00 for liability.

NINJA ZX-14 MotoVlog

I was at the shop today an a guy had crashed his ZX10 and his insurance company came to see his bike it was not totaled but this is the kicker. For thoughts of you who have "PROGRESSIVE INSURANCE" you need to read your policy in full! Now I did not read it but from what the guy told us the policy states that they will only replace parts that are definitely broken and can not fixed and will replace parts that cannot be reprinted. That's why the rates are so low so make shore you know what your signing when you sign it.

I know that for everything I own if I get into a accident I want everything replaced with brand new parts! No if ands or butts!!

Oh yeah! An on top of that he had a lot of aftermarket parts on the bike Ohilins ft & rr full pipe they gave him money but only a % of what they feel it's still worth. An the bike was an 04 so you get the idea.

Well that's what I found out not saying it the gospel but that what we all understood it to be so my fellow ZX14 brothers & sisters who have PROGRESSIVE please know your coverage.

Allstate almost gets it right in their tv advertisement, when they say all motorcycle insurance costs the same its the coverage that varies.

But like all the other insurance companies, they never compare themselves to State Farm.

I have my car and bike with State Farm. I pay $400 / year for FULL coverage with 100,000 liability and $500 deductibles on my 2 month old 2012 Concours C14, which is a more expensive bike than your ZX14s and ZX14Rs.

Next year it will go down to $386 / year.

And State Farm covers the farkles I'm adding.

* Last updated by: privateer on 4/11/2012 @ 7:05 AM *

I use State Farm as well and they are awesome! No other company could get close to them. I actually had companies trying to sell me ins for $200+ a month! For that I could just park the bike and save up the money to fix or replace!

State Farms the way to go, cheapest by far, and they even cover the turbo kit on my 14 with the receipt for purchase
Progressive sucks...............

State Farm let a lot of folks down after Katrina... That alone steers me away from them for any insurance. I use Gecko and have my mods covered as well, never let me down in the past with either car or bike claims... +1 on Progressive - they suck!

My insurance company, American Family, wanted $1700/yr. for full coverage because the ZX-14 is on insurance company shit lists. At that rate, after 5 years, I would have paid for it twice. I am keeping minimum coverage required by las and it's still twice as much as I paid for full coverage on the ZZR 1200. The "Ninja" sticker on the side of your bike is the most expensive piece of trim ever stuck on a motorcycle.

* Last updated by: Danno on 4/22/2012 @ 5:08 PM *

Full Coverage Insurance or Liability
Kindly Visit this URL:

http://www.quotes-center.com/liability-insurance-protects-you-against/
http://www.quotes-center.com/list-of-insurance-companies

This is a recommended Insurance companies.
Thank you everyone!

I have had State Farm on house, car, motorcycle, renters insurance and other misc. coverage for over 30 years.

They let nobody down re: Katrina, they a) did what the policies said they would do, and b) enforced the waivers that people signed to keep their insurance costs down by deleting flood insurance. It was NEVER State Farms fault. But the progressive liberal press thinks State Farm (and they weren't the only one, just the only one that got media attention) should take a loss and pay people for coverage they declined out of the goodness of their heart. Bullshit.

I just had my ZX10R stolen, I had liability only....DOH!!! My 14 now has full...

Mad

What year ZX10R ? I mean, if its the same year as the old one I had before I got my ZX14, its no big loss.

Seriously though, sorry man. How'd they steal it?

It was a 2004 that I built up from a wreck into a streetfighter. It had a Z1000 fairing on it and actually looked real good, almost OEM. Well, like a dope I didn't lock it to my other 2 bikes in the car port because I was going to clean it and move everything around the next day. I had a disk lock and a cover on it. Apparently, the bastards that took it had been watching my stuff because they took it after I left for work in the morning. I assume they lifted it into a truck or van because they sure as hell weren't rolling it with that disk lock on it. I hope they get it running and ride it into a frigging tree.

Mad