The Honda PCX / Forza / ADV150 / SH Forums

I'm just wondering if I'm getting a good rate. Mine seems a bit high (almost as high as the monthly payment on the bike!).

I have Progressive and they charge me $47/mon for a $250 deductible. The insurance I pay on my car is $75 (a 1998 Mazda 626, still runs great!).

They said that because it's a brand new model, plus it's 2011 and I rode it off the lot with 0 miles on it, that the insurance would be a little bit higher.

I dunno... $565 / year seems kinda high. I'm in Los Angeles so that might be another reason why it's high? What do you pay (if you don't mind me asking)

Thanks

Cant help you cus im from UK. Interested though cus i wanna move to america one day. Plenty of threads on here and other forums about UK insurance, c'mon americans help this guy out

I live in Arizona and have Progressive. I am married and 23 with no previous on road riding experience. My rate for my PCX was $479 for the year which came out to ~$40. Have a $250 deductible and full coverage.

As far as my cars go, we have a 2007 Nissan Versa and 1998 Toyota Corolla and pay $447 per 6 months or ~$75 a month with a $500 deductible.

I too would be curious what others are paying.

On another note, we switched from Country Financial on our cars and saved significantly. We had been paying about $200 a month for the same cars for about 3 years and when we switched to Progressive, we immediately cut our bill in half. Then we used their snapshot discount and saved even more. Then bought a house and saved a bit more again.

Mine is AU$210 per annum with $250 excess. Add 6% to get to US$.

£90/year hahahah
fully comp inc commuting

thanks for the replies. It's nice to get a comparison. It looks I am paying somewhat significantly more than the average (so far), but I guess it's because Los Angelians in general have a higher rate than the national average.

Also interesting to see the rates on your cars are too. Originally, I wanted to buy a new-ish / slightly used 2007 car, because my 1998 Mazda 626 isn't ball'n with the ladies. But when I went to the dealership and had all the paperwork figured out (the car was advertised for $9,000, but after taxes, fees, interest, the total price was going to be $15,000!!!), I backed out. No way was I going to get stuck paying $300/mon for the next 5 years >:P On top of that, the insurance on it was quoted to be $170/mon! wtf?!

So I bought a scooter instead

Good call, scooters are much more economical.

I always buy my cars in cash up-front to not have to pay for the full coverage -- just minimum + theft coverage. That does mean that if the car is caught in a flood or if I damage it, I don't get anything though. But, insurance is all about probability, so I'll play those odds.

As for my PCX, I travel all over on it, so I have full coverage. My yearly rate for full coverage, including $3000 in accessory coverage w/ a $500 deductible is $366.00. I added our Buddy 125 to the policy with minimum coverage for an additional $56 a year. My motorcycle plan is through Progressive.

My car insurance is much, much cheaper. We pay around $250 a year for both my '06 Ranger and my wife's '06 Pilot through USAA. USAA is the bomb, I wish they offered motorcycle insurance instead of just a discount on Progressive.

Sorry, forgot to note, I'm a 23-year old male living in a cushy suburb. I have also never had an at-fault accident, never had a reported accident on 2-wheels, and have no tickets on my record.

I think UK fees are lower as they have high registration fees that includes basic insurance and then MOT fees (pay for a compulsory inspection). We dont have these, so

You dont have to have an MOT until the vehicle is 3 years old.

Lol there's never a mot here in Arizona. Unless you're going for some sort of salvage title or something similar.

maddiedog wrote:scooters are much more economical.

Not so sure.
I just bought a car that does nearly 50mpg and has 12,500 mile or 12 month service intervals.
The PCX is only significantly cheaper if I do all my own servicing.

What car did you get?

And how much did you pay for it? The initial cost is a big thing to factor into the economics of a vehicle.

We are paying $160/year for two riders (both with good driving records), and two scooters (PCX and Burgman). I'm pretty sure we went with the $500 deductible for collision/comprehensive, and that helps keep the cost lower. Not living in the LA area helps too Been there, and won't be back if I can avoid it.

166$ for a year with Geico .......

What kind of coverage do you have Yogi??

Woolley wrote:What car did you get?

2010 60 plate Micra 1.2 Visia 3 door in white.
Very much an old phartmobile, so it suits me perfectly

maddiedog wrote:And how much did you pay for it?

£5488 which is £488 more than two PCXs at current prices, but cheaper than a new Suzuki Burgman 400

maddiedog wrote:The initial cost is a big thing to factor into the economics of a vehicle.

Very true, if you take the overall picture adding in depreciation, there may well be very good savings to be made.
Problem I have is that for a good part of the year two wheels isn't a viable commuting solution and public transport doesn't start early or finish late enough for my shifts.
The brutal irony being that I work in public transport...

But I love riding my scooter and wouldn't want to sell it.
I count myself fortunate to have both options available.

This? The front has always reminded me of a frogs face

trigg123 wrote:
£90/year hahahah
fully comp inc commuting

Are you kidding??! whos that with ?? I'm not far off with £100 but thats basic third part fire and theft!