Im planning to buy a 2008 ninja 250R but not sure if I'll be able to afford insurance costs.?

Question

Ok. Im planning to buy a 2008 ninja 250R but not sure if I'll be able to afford insurance costs. Ok, I went online to get an insurance quote from Progressive, but ended up with a quote of almost $3,000 a year for a 3,499 dollar motorcycle. I heard that I should get something called "full coverage" but I couldn't find any option that said "full coverage" while filling out the evaluation to generate my quote. I live in Florida, never held any kind of driver's or motorcycle's license in America before. Held one for 5 years back in my country but it doesn't make a difference here. Will take the Motorcycle Safety Foundation course before getting a motorcycle license and buying a motorcycle so that the insurance cost will be lower (hopefully). Any suggestions? Which insurance company is the cheapest?

Answer 1

before buying any car, get the vin# and call your insurance company and get a quote.

check around, there are many fly-by-night companies out there.  you may want to go with AAA, they will take care of you if anything do happen, but hope not.......

good luck and welcome to Florida, the sunshine state......

Answer 2

Try go to progressive.com or geico.com, progressive should give you quotes for all companies, at least that's what they say.

Answer 3

There are a LOT of companies that specialize in insuring motorcycles - Progressive, Dairyland, American Modern Home, Foremost, AIG, Pacific Specialty - just to name a few.

There is no ONE insurance company that is right for everyone - everyone is rated individually - and all companies have different "likes and dis-likes", different credit tiers, different business models, and many other factors that can vary your rate - and a QUOTE is ONLY a quote until the policy is issued.

Typically, insurance rates will vary from State to State and can even vary by ZIPCODE! It also will depend on the type of bike, unfortunately, you have chosen a high-performance bike (even though it's ONLY 250cc), coverages, limits of liability, and driving record. Some companies run credit scores and MOST run a motor vehicle report and CLUE (Comprehensive Loss Underwriting Exchange) report to see about undisclosed accident involvement.

You would be better off to buy a "cruiser" something that you don't have to laydown to ride.  The closer you get to a horizontal position to ride, the HIGHER the insurance will be.

The best thing to do is call a LOCAL independent agent or broker. Don't go across town, or to some other city - look for someone CLOSE. Just look in the phone book for the PIA or Big I (Trusted Choice) logos and you will find a professional licensed agent that will be able to help you solve your insurance problems, and give you rate comparisons of several different companies. Be sure to ask to speak to their motorcycle insurance specialist and you should be able to find a professional to help you.

An independent insurance agent will normally have a dozen different companies and if he cannot help you, he should be networked with other local agents that can.

In my agency, we have companies that do NOT run a credit score and welcome drivers with "less than perfect" driving records and specialize in youthful operators!

Most of the replies on this site say "go to this on-line carrier or that on-line carrier or that 1-800 number" but I'm sure that when you do, you will find some impersonal computer user with a script to work from and you won't be able to talk with the same person every time you have a problem!

Good luck, ride RESPONSIBLY and I hope this helps!

Answer 4

250r?????g*y

Answer 5

progressive was $1000.00 cheaper than allstate when i got my quote, and i have allstate car insurance! (for 3 yrs at the time)  was $620 per yr for full coverage on my bike.

Full Coverage is where if you do something to mess up your car (or motorcycle) the insurance company will pay to have it fixed.  Full Coverage usually will cover things like a tree falling on the car, or other things that you could not have prevented.