I don’t think this is a topic anyone has ever talked about on this site. Everything below is super self-explanatory, so, scan as necessary…
I always go for the cheapest auto insurance. I have Progressive mc insurance.
The maximum number of motorcycles you can have per policy is 4.
For the bare minimum coverage of those 4, the annual cost is about $130. (assuming you have a clean, accident free driving record for past 5 years).
Bare minimum coverage means, if you hit someone else on your motorcycle, Progressive will pay the other persons car/medical expenses. But Progressive will not give you any money to fix your own bike.
This is the route I have always gone with my cars and bikes. I figure if I do something dumb and my bike goes down, I’ll fix it.
I always assume my bikes will never get stolen because they’re old and shitty. Plus I always keep them locked up.
For whatever reason I assume all my stuff is a bunch of junk and it’s not worth anything.
Long story short, this weekend I had some free time to re-think how I handle the insurance on my Z1.
After talking to a couple people, and seeing how the prices of Z1/KZ’s are insane these days, I decided if the Z1 was stolen, or if a tree fell on it and it’s totaled, I’d be fucked and unable to easily go buy another one.
I put the z1 on a separate Porgressive policy and had it insured for $9k.
Older than 1980, Progressive does “agreed-upon value” that doesn’t need to be confirmed by an Adjuster.
Annual cost for what I chose is about $280.
$1000 deductible which completely goes away after 4 years, assuming I haven’t had to “use” my insurance for any mc claim reasons.
So, if someone breaks in my house and steals it, they cut me a check.
If a tree falls on it, they cut me a check.
If you have a bike which you actually give a shit about and is worth anything, maybe consider how it’s insured.
Honestly, I was surprised at how cheap it was annually.
$300 a year is nothing.
Anyway… just something to think about.