CBR6RRRider
Well-Known Member
So I am about to pick-up my FZ1 today, and knowing that I needed insurance I decided to get some quotes. I've had my SV650 covered by GEICO for the last four years and I figured if I added the FZ I would get a good deal. Right now I pay about $40 a month for liability plus $1,000 deductibles for collision and comp., and I also have roadside assistance.
So, I did an online quote where I added the FZ and HOLY CRAP, it jumped up to $1100 a year!
Being the investigator that I am I decided to get the same quote at Progressive. For both bikes, same coverages (actually I get $1000 more in accessory coverage AND disappearing deductibles) the cost was $500 even.
Armed with this knowledge, I called GEICO and although the gentlemen was very nice and tried to get their price dropped to around $700, it still wasn't enough.
So with the joy of saving $500 a year for the same coverage, I am happy to say I am now a Progressive customer.
Lesson for all: If you get a new bike, shop around again for insurance, don't assume just by adding it to your current policy you'll get the best deal.
So, I did an online quote where I added the FZ and HOLY CRAP, it jumped up to $1100 a year!
Being the investigator that I am I decided to get the same quote at Progressive. For both bikes, same coverages (actually I get $1000 more in accessory coverage AND disappearing deductibles) the cost was $500 even.
Armed with this knowledge, I called GEICO and although the gentlemen was very nice and tried to get their price dropped to around $700, it still wasn't enough.
So with the joy of saving $500 a year for the same coverage, I am happy to say I am now a Progressive customer.
Lesson for all: If you get a new bike, shop around again for insurance, don't assume just by adding it to your current policy you'll get the best deal.