Rough insurance cost?

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Lionstrike
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Rough insurance cost?

Just curious, about how much does insurance run on the vectrix per year for you?

My Honda Shadow runs about $150 usd. I thought that it would be interesting to get an opinion on what everybody pays.

Magendanz
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Re: Rough insurance cost?

My progressive yearly insurance was only $65 when I first got it in 2008, but they've been raising the premium $5 every year. Here's what I currently get for $75/yr:

BODILY INJURY & PROPERTY DAMAGE LIABILITY
BI $100,000 EACH PERSON - $300,000 EACH ACCIDENT
PROPERTY DAMAGE LIABILITY - $50,000 EACH ACCIDENT

UNDERINSURED MOTORIST
$50,000 EACH PERSON - $100,000 EACH ACCIDENT

UIM PROPERTY DAMAGE $25,000 LESS $100 DED
$300 DED IF HIT-N-RUN

Lionstrike
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Re: Rough insurance cost?

Wow, that sounds like a pretty sweey deal actually. I might have to call Progressive.

Thanks for the info.

pcarlson1979
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Re: Rough insurance cost?

Wow. Compare that to insurance here in Australia. NRMA want $620 a year to have the SCOOTER insured for $11,000. This does NOT include human damage, that is another insurance called a green slip which is around $400 a year.

------------------------------
eRider 8000w Scooter - PDT Version
72v 50AH CHL battery
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24km: Delivered - 24 September 2011
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antiscab
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Re: Rough insurance cost?

NRMA want $620 a year to have the SCOOTER insured for $11,000. This does NOT include human damage, that is another insurance called a green slip which is around $400 a year.

Swann insures me 3rd party only for $160

compulsory 3rd party (green slip) and rego together cost $90

comprehensive would cost me $550 for $12'000 with 3 years riding experience

shop around with insurance :)

Matt

Daily Ride:
2007 Vectrix, modified with 42 x Thundersky 60Ah in July 2010. Done 194'000km

MEroller
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Re: Rough insurance cost?

No Vectrix here, but the same class of light motorcycle, though considerably cheaper.
3rd party liability up to 100 mio. Euro, but maximum 10 Mio. per person cost me 78.30 Euro last year at 100% premium rate, this year at only 65% premium rate it has gone down to 50 Euros :-)
I also have a partial damage and theft waiver which costs me another 25.37 Euros, but I would have to carry 150 Euro of damage myself in case I should need this. I initially thought that some folks would possibly like to get their hands on such an electric ride in an illegal manner, i.e. theft, but given the current sate of my bike with several assorted scratches on the body I think I will get rid of that insurance for 2013...

My rides:
2017 Zero S ZF6.5 11kW, erider Thunder 5kW

oobflyer
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Re: Rough insurance cost?

I pay $130/yr to "Drive Insurance", a subsidiary of Progressive. My policy includes:

Liability $15,000/person, or $30,000/accident
Property Damage $10,000/accident
Uninsured Motorist $15,000/person, or $30,000/accident Comprehensive Deductible $500 Collision Deductible $500 Uninsured Motorist $500 Deductible Waver   $2 $3,000 accessory Coverage Free

I also have a Honda Shadow 750 with the same coverage, so I pay $260/yr total for my bikes. Not bad compared to the cars!

Lionstrike
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Re: Rough insurance cost?

Definitely!

Cost of insurance was a huge, huge deciding point between an electric motorcycle and an electric car.

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