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Discussion Starter · #1 ·
I currently pay around 750usd a year for my 2011 cbr250 for full coverage including medical with Progressive. Now that I want a second bike and i am considering a used 2009 cbr600. I got a quote from Progressive for almost 2100usd/year for the same coverage. It it normal to have a really huge jump in insurance rate between 250cc and 600cc. BTW I am 28yrs old and my record is clean with 1 year of riding experience and 8 years of caging
 

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Insurance companies do not look at your car driving experience when calculating motorcycle insurance figures . I'm paying £950 a year for fully comprehensive insurance with 1 year no claims. this allows me "any bike" insurance, up to 20,000m/year. my bike isn't garaged and is used for social and commuting.

I was quoted £2500 for a 2011 cbr600-f which is why i don't have one :(

factors that will effect insurance are: level of cover, value of the vehicle, age of rider, no claims bonus, post/zip code, garage or street parked, annual mileage, if you commute on it, if you want pillion cover, any modifications.
 

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Discussion Starter · #3 ·
I guess I'll cross cbr600r and R6 off my list. I got a quote for a fz6 at around
1000usd/year. This is so funny cuz fz6 and R6 has the same engine except the fz6 engine is detuned a little bit. Now i am hunting for a good deal on a Fz6:D
 

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Yes. The jump is outrageous. The size of engine is factored in as well as the data that they have on wrecks and if they're stolen a lot. Instead of purely looking at sport, try looking at sport touring bikes. I've been told they are way better on insurance and still have the "sporty" look. :)
 

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Buying an older used bike with cash and just buying liability and minimal medical (I go $1K just to cover an ambulance) insurance should be less expensive.

To be truthful, the only reason for buying a new bike is because you cannot find an acceptable used bike in good condition within a reasonable distance. That usually only occurs in the first or second year after the bike has been introduced. After a couple of years, there should be good used versions available.
 

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that quote is crazy. i would try another insurance company. i only pay 380 a year for my 250 usd with full coverage and i have a couple tickets on my record. also im only 20. yes it should go up with the larger cc bike but i would try shopping around with a couple different companys
 

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Here in Canada, you get nailed if a bike is classified as a 'supersport', and is typically hit with anywhere between a 200-300% markup. It's stupid, but it's the system in place (and why 2 bikes can have the same engine, but one rates higher than the other insurance-wise).
 

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Seems like a steep jump to me. It's possible that a) progressive has data that leads them to think that the risk of loss is considerably greater with the Honda 600. This data is typically available to all insurance companies, but each company chooses how much ti weigh it in their rates. b) that your agent (or the "agent" at Progressive if you went direct) couldn't find the bike in their database and manually entered the information. This can lead to a misrating.

In any case, even though I'm a Progressive agent, I would recommend shopping because of "A" above. Also, as was stated, if you can afford the potential financial loss to you in the event of a crash, go with "Liability Only" to keep the cost down. 2 other points: your car driving record absolutely does affect your bike rates (perhaps this is different in other countries) and you should double check just to make sure the rates you cited are just for the 600 and not for BOTH the 600 and the 250. You indicated that this was going to be a 2nd bike and just maybe the Progressive agent gave you the total premium rather than the additional premium.
 

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Take into consideration that Insurance companies discriminate against gender. If you are a male, you WILL pay more. I don't know why the government allows this as its a clear violation of equal treatment on a MASSIVE scale.
 

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Oh..and don't be distracted by people posting how much or little they are paying for insurance. It's totally irrelevant to you; they may live in a different state or are older, or have other risk characteristics that impact their rate no matter which bike they own. YOUR big jump in cost from the 250 to the 600 is what you need to focus on. Your individual risk characteristics haven't changed (except that you're a year older) so the only variable seems to be the bike. Double-check that Progressive didn't make a mistake and shop some other companies (Dairyland is good, if they're in your area). Good luck.
 

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Take into consideration that Insurance companies discriminate against gender. If you are a male, you WILL pay more. I don't know why the government allows this as its a clear violation of equal treatment on a MASSIVE scale.
Insurance companies discriminate on gender, age, occupation, education, homeownership, credit rating, location, etc. etc. etc. They are allowed to do this because it is the essence of what insurance is -- assessing the potential for loss and basing their premiums accordingly. You may feel that it's wrong, but the statistics show that younger, male drivers (and even moreso riders) have more accidents than females. The gender gap in premiums has narrowed in recent years, but not because male drivers got safer. Female drivers now drive/ride more than they used to and are being more agressive than they were years ago. Bottom line on this issue is that yes, males pay more and statistically they should pay more.

The original poster, however, was male when he bought his 250 and, I assume, is still male now that he's looking for a 600 so his gender is having almost zero effect on the difference in the rates between the two.
 

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Insurance companies discriminate on gender, age, occupation, education, homeownership, credit rating, location, etc. etc. etc.
Try getting life insurance with any sort of pre-existing conditions. They take discrimination to a whole new level. But so would I if I were making a $500,000 or $1M bet.
 

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The other factor that you have to consider is that the cost to repair one of the supersport bikes is pricey to say the least. You could almost write the bike off by damaging all the fairings and cosmetics. That considered, how many accidents do you think are claimed based on purely cosmetic damage? You tube is full of stupid accidents on superbikes costing thousands of dollars!
 

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I cant remember exact numbers but I know last year when I had the 2011 I paid alot less. I pay $25 a month for the 2012 250 and $15 a month for the Harley, both max coverage. Makes no sense as I had to replace a rear turn signal/brake light on the Harley, cost over $80. Harley costs over twice as much and replacement parts are expensive.
 

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Dittos on all the posters who can't believe what you're paying. I pay less than $150 a YEAR to State Farm.
Unless the bike is going to be your primary mode of transportation and you have nothing else to get around on get liability only. Good God, if you're worried about theft there's a LoJack for motorcycles which would be much cheaper that what you're paying.
 

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Young
Male
inexperienced
sportsbike.

Not good on paper.
 

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1. shop around. Progressive gave me some 2100 a year quote to..
2. do you have more than one vehicle? Apartment or house?
State farm offers mutli-policy discounts. take everything under one company and save.
3. I also suggets liability plus theft if you can get away with it.
 

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This is so funny cuz fz6 and R6 has the same engine except the fz6 engine is detuned a little bit.

The fz6 is a "sporty" bike, and the R6 is a sportsbike. Huge difference. The R6 is a race bike with signal lights on it. That's why its so much more expensive.

Also you guys are lucky. In Canada I have to pay $1500 for the riding season (5 months) on my cbr250r. If you have a cbr1000 it's over $3000.
 
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