Insurance

[scooterconvert]

you should shop around for insurance. Insuring my Bajaj costs way less than that. But I also have a spotless driving record.

[sooznd]

Check with Progressive--they will give a quote online. If your driving record isn't oo bad, it shoule be way less than $40 per month. I had one violation in the past 3 years and mine is $125/yr full coverage.

[XPS1210]

QUOTE: DanneyMoped: Granted 40 bucks a month in insurance isnt bad, however making 60 dollar payments a month AND 40 dollar amonth payments on insurance is going to kill me... Am I forever damned to be a poor college kid without a decent ride?

progressive was $75 a year for liability or $285 for full coverage...

or close to that anyway... I put full on it when I ride and the other 6 months I have liability due to it sitting in my garage... I'd drop it totally but the insurance companies will not cover you after you do that a couple times... since the coverage is for a total year and not just 6 months...

in addition insurance co's like to have over 6 months consecutive insurance on the vehicle... they will even ask you when you ask for a quote if you have had insurance for the past 6 months...

:eek:

[Lennox]

King, Jered.......well put guys!!!

[scooterconvert]

If you insure it, don't get full coverage. When you're riding a scoot that's worth less than $2k, why should you pay out the nose to make sure that your scoot is covered when the crash is your fault. I've never put more than the state minimum on any of my vehicles. I know it's a little bit risky but I have never owned a car that's worth more than $3-$4K. I figure that the cost of replacing what I'm driving will always be cheaper than paying so much for insurance. Also, if you crash hard enough to total your scoot and it's your fault, are you going to want to keep scootin' anyway?

[XPS1210]

If you insure it, don't get full coverage. When you're riding a scoot that's worth less than $2k, why should you pay out the nose to make sure that your scoot is covered when the crash is your fault.


Well I have to disagree with this comment as well....

My 04 zuma cost me $2300 with a 4 year unlimited warrenty.... In addition I have about $750 in installed parts on my scooter...

So my scooter is worth about $3000 invested anyway....

Why not have full coverage?

Progressive not only covers my scooter but up to $1000 in add on parts...

So for $275 a year... I total my scooter... I get most if not all of that back... hrm... was it worth the extra $200 a year from liability?.... yep.... in my case it would be....

Basically full coverage will pay for a new one or a good chunk of a new one... liability... You get handed a nice knowing you slip and the other person gets their car paid for...

So what would you pick? I'll take a new scooter... Thanks... :D

Not being snippy just pointing out the differences in coverage... for those who don't know or didn't consider!

[King Vino]

I have a grand for hop up parts coverage on mine as well, but interesting enough I'm only covered under theft if the scooter is away from the house. When at home the home owners covers it and not Progressive, which I found interesting.

[Lennox]

That is odd:confused: ......... I had a dirtbike stolen from my house, and my homeowners ins. said that since it was a "vehicle" they would not cover it. Now, if it was inside my house I think they would.

[King Vino]

MD state law does not recognize mopeds as motor vehicles, hence not subject to registration. Yet one needs an automobile driver's license to operate, the follow the same accepted standards as a bicycle. Mopeds laws are a hybrid between bicycle and automobiles when it comes to traffic laws. like the "Dismount to walk" law that allows me to get off my scooter and walk it across the street like a bicycle or a ped for traffic lights that do not recognize a moped under them. Any case, just as the laws in each state varry widely so do insurance regulations.

[scooterconvert]

Yeah, I guess full coverage is a good idea for a scoot that has a lot invested into it. I enjoy riding my scooter but I don't plan to spend money in upgrades, just in up keep and maintenance so I don't look at it as an investment. Although I do have theft coverage on it. I worry more about getting it stolen then in a wreck.

[Elliott]

Even if the insurance Covers Your Bike!

If the Bike is Lost or Stolen Or Totall, your not gonn'a Get Back $2500 that you Paid for The Bike! the Least you will get is $999 Bucks insurance Payoff
for your Bike!!! :eek:

[XPS1210]

okay... So... if the insurance wants to say that the "value" is $999.... fine... then I slap the reciepts for all the aftermarket stuff.... Which they pay at face value...

So add over $700 more... making my total $1700 or so... Compaired to a NICE KNOWING YOU?!?!?

Hrm... what to do, what to do?

As I said, it's parked in the garage... no or liability insurance... Other than that... mine has full coverage...

Just my thoughs... I'll take a new bike when I crash... or at least have mine paid off... :D

[maxjlone]

Insurance is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.