06-24-2019, 10:34 AM
(06-24-2019, 07:42 AM)GoldOxide_imp Wrote:(06-24-2019, 04:29 AM)The ferret_imp Wrote: I figure a little differently
My premium on the CB, full coverage, is $ 254 a year with a $500 deductible. Hmm let my cypher. If I totaled it or it was stolen today, and today's value on the bike from the insurance co is , lets go low, say $4K. In the 5 years I have owned it I would have spent 5 x $254= $1270 for premiums plus my $ 500 deduct = $1770 to recoup $4K
If I wreck it pretty good, say low side it in a corner, take out left engine cover,left muffler, gas tank, left turn signals f&r, bars, lever, mirror, foot peg shift lever, and some miscellaneous, all I pay is $500 and my bike gets fixed with new oem parts by a certified mechanic like new
Sea...anything wrong with my numbers or cypherin?
I'm a pretty cautious rider, but anything can happen and I'm not risking the kind of financial hit of not being covered.
If it was a $1500 junker, I'd risk it.
From my perspective, that is an ultra low premium.
From my perspective, that is an ultra low premium.
There are advantages to age and driving record!