Question on Dirt Bike Insurance

Gravity Cavity
I’m looking into real world experiences with insurance on stolen dirt bikes. I filled out a quote with Progressive yesterday and it appears that if I put comprehensive on the policy that my deductible for theft will be 500.00. The policy is less than 100.00 for the year.
Has anyone had a claim of theft and was it handled well?
Thanks
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crowe660
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crowe660 12/31/2021 8:32am
12/31/2021 8:32am Edited Date/Time 12/31/2021 8:33am
Just get it. I’ve had to claim one, and it was worth it. With all the thefts, the deductible is a very minimal price to pay for losing something you worked hard for.

Edit: Ive never had a problem with progressive. Two claims, one street and one dirt. Both went better than I expected.
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JBecker 72
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JBecker 72 12/31/2021 9:53am
12/31/2021 9:53am Edited Date/Time 12/31/2021 9:54am
You can get a lower deductible with progressive. I have it at $250 for our auto and motorcycle policy for my wife and I. Haven’t had to make a claim, thankfully.
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Hi Side
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Hi Side 12/31/2021 9:57am
12/31/2021 9:57am
I have four (4) dirt bikes insured through USAA for a little over $200 annually. I think the deductible is $500 but that doesn't matter when you consider $35k in motorcycles that could be wiped out in one theft.
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SonofThor32
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SonofThor32 12/31/2021 11:44am
12/31/2021 11:44am
I have the same Progressive policy that just about everyone has. About $100 a year, $500 deductible. The only caveat that I didn't like and could not get around, they do not allow you to insure your bike for what you paid for it, just the current market value just like a car. Anybody buying a new bike in 2022 isn't exactly getting a deal, so that is why I cared, I paid MSRP+. I was willing to pay more to insure more, but there was no way to do that. So in the event of loss, you will be getting what the market value is on the date you file a claim, less your deductible. I know bikes are selling used for new prices at the moment, but that may not exactly reflect market value according to the insurance companies.

Thankfully I have not had to file a claim, but the experience and cost so far with Progressive has been good enough for me not to shop for another policy when it is time to renew, I am happy with them.
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Grouper
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Grouper 12/31/2021 1:19pm
12/31/2021 1:19pm
I have a $250 dollar deductible with state farm for my yz250 and its like 11 dollars per month or something. Always worth it.
Gravity Cavity 12/31/2021 1:56pm
12/31/2021 1:56pm
Thanks for the info, I will be getting the policy for sure, just got a 19 hr old 2021 YZF250 , and it is more money than I would like to see head into the city with some wheelie boys 😁, my only other question is with rates this cheap and bikes so expensive why isn’t everyone’s bike insured? … seems like a lot of thefts out there lately
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mxb2
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mxb2 12/31/2021 3:06pm
12/31/2021 3:06pm
Gravity Cavity wrote:
Thanks for the info, I will be getting the policy for sure, just got a 19 hr old 2021 YZF250 , and it is more money...
Thanks for the info, I will be getting the policy for sure, just got a 19 hr old 2021 YZF250 , and it is more money than I would like to see head into the city with some wheelie boys 😁, my only other question is with rates this cheap and bikes so expensive why isn’t everyone’s bike insured? … seems like a lot of thefts out there lately
Ole saying goes, if ya cant afford to lose it insure it. Insure the investment.
Gravity Cavity 12/31/2021 3:12pm
12/31/2021 3:12pm
Done deal! My money is a little safer..87.00 bucks for the year..about the cost to fill my truck, 👍
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harescrambled 12/31/2021 4:06pm
12/31/2021 4:06pm
SonofThor32 wrote:
I have the same Progressive policy that just about everyone has. About $100 a year, $500 deductible. The only caveat that I didn't like and could...
I have the same Progressive policy that just about everyone has. About $100 a year, $500 deductible. The only caveat that I didn't like and could not get around, they do not allow you to insure your bike for what you paid for it, just the current market value just like a car. Anybody buying a new bike in 2022 isn't exactly getting a deal, so that is why I cared, I paid MSRP+. I was willing to pay more to insure more, but there was no way to do that. So in the event of loss, you will be getting what the market value is on the date you file a claim, less your deductible. I know bikes are selling used for new prices at the moment, but that may not exactly reflect market value according to the insurance companies.

Thankfully I have not had to file a claim, but the experience and cost so far with Progressive has been good enough for me not to shop for another policy when it is time to renew, I am happy with them.
Markel offers replacement coverage. Can only get it on a new machine, and it is good for 3 model years. If your bike gets totaled or stolen within that time they pay replacement value....not book value (less any deductible of course)

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