KymcoForum.com
General => General Discussion => Topic started by: andrey64 on April 28, 2015, 08:53:53 PM
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Hello everyone.
I just purchased a used Kymco People 150 and need to buy insurance on it. How much insurance do I really need for this scooter?
Should I be looking at comprehensive coverage? etc...
I purchased it for less than $700.
Also, I am in California so I must have insurance.
Any suggestions and recommendations for insurance companies is much appreciated.
thank you
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Hello everyone.
I just purchased a used Kymco People 150 and need to buy insurance on it. How much insurance do I really need for this scooter?
Should I be looking at comprehensive coverage? etc...
I purchased it for less than $700.
Also, I am in California so I must have insurance.
Any suggestions and recommendations for insurance companies is much appreciated.
thank you
Think past the price of the scooter.
Do you own anything of value? A home etc.
Cover your ass.
Be Big,
AMAC
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You want at least enough coverage for the eventual crash. If you have just liability and minimum medical all that then you go crash your scooter on a corner, your SOL. If you have full coverage they will buy you a new scooter, and the value of the people 150 is most likely higher than $700 so you'll end up coming out ahead. Same thing if: it gets stolen, tipped over in a parking space, uninsured hits you, and many many more situations.
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what year, mileage, how much you ride and if it's more then $700 buck then not worth it unless you plan on keeping it forever
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People dont realize that if you scratch or dent a Porsche or Mercedes or some very expensive fancy car, you could lose your shirt as the repair bill could be very high especially if the owner fights for total restoration and wont settle for aftermarket parts or slightly non matching paint..
Lets hope the accident isn't much more serious then with someone getting hurt.
I would not worry about collision to a $600 MV but towing insurance is good to have also.
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AMAC1680 said it best, cover yourself! If you hit someone they could sue you for a lot...
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I have full coverage on my Like 200i, but only because I just bought it, after owning it for a few years, i'll bump it down to liability only. It's garage kept, and when i'm at work, the bike is behind a security gate with security guards so I never have to worry about it when i'm commuting, if I go into the city to run an errand, now that's why I have full coverage! I also use a U-lock & cable, although rarely have anything to lock to, anything to deter a thief from just picking up your bike and throwing it in the back of a pickup truck takes only 2 seconds! Unfortunately scooters are stolen quite often here in Austin, TX (all the hipsters drive them), so full coverage for me was a no brainer.
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I park my scooter in our apartment lawn next to the post office. I have a 1/2" marine chain, $30 lock, and 1/2" thick Eye Bolt attached to a railroad tie.
If someone wants to steal my scooter, it will take about 3 people to load it onto a truck or someone carrying very large bolt cutters. They would have to take the scooter with risk of being seen by various neighbors.
I still carry full coverage though.
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Think past the price of the scooter.
Do you own anything of value? A home etc.
Cover your ass.
Be Big,
AMAC
Exactly. If you own more than a scooter and you want to keep it, get a higher liability policy. The price of the scooter is nothing compared to being sued for the limits on your home, bank accounts, gold teeth, etc.
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Hello everyone.
I just purchased a used Kymco People 150 and need to buy insurance on it. How much insurance do I really need for this scooter?
Should I be looking at comprehensive coverage? etc...
I purchased it for less than $700.
Also, I am in California so I must have insurance.
Any suggestions and recommendations for insurance companies is much appreciated.
thank you
My 2010 Kymco Yager GT 200i (174.5cc engine) costs me $78 / yr for insurance, through Geico.
I'm in California, too. San Francisco Bay Area. Where are you located?
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between $70 to $120
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come to canada and pay 800 to 1200.00 and you have to have insurance by law,
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For a scooter
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For a scooter
and for those around your scooter.
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My 2010 Kymco Yager GT 200i (174.5cc engine) costs me $78 / yr for insurance, through Geico.
I'm in California, too. San Francisco Bay Area. Where are you located?
I got Geico as well for $84 / yr. I'm located in Santa Barbara, CA
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I am being ripped off for $288 a year on my GT. I called around and this is the cheapest I could find. One place quoted me $55 a month just for my freakin scoot. Yes folks that's what I said.....$55 a month! I'm still looking for better rates. Looks like I'm going to call Geico.
Good luck and ride safe, mscmkr
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I just called Geico and they quoted me more than I'm paying now. They said it's because of the amount of CC's my bike has. Interesting how they said it didn't matter that it was only 298cc and not 300cc. Every other place I talked to told me anything 300cc and over is more expensive. They also said 300cc is about as big an engine as you can get on a scooter. I love insurance companies.
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Am I assuming too much to think that those who are paying under $100.00 per year, is for liability only? I tried to purchase Geico or one of those others online. It did not give me option for comp and collision. I carry high liability limits on everything because I am paranoid about being sued over an accident.
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If you can afford it I would suggest getting full -- and I do mean FULL, everything. As a scooter rider we'll always get the worst of it in any accident. Having just been in one myself 2 months ago I'm so glad that I had full insurance. It's more than about recovery cost and repairs for your scooter. If you have serious medical needs and the other guy is underinsured having the coverage on your side makes a big difference.
I'm still in the process of recovering from my injuries from a cager who pulled a dreaded left hand turn in front of my bike. 8 weeks later and I'm still sore from fracture ribs, fracture cartilage in my neck and a lacerated lip.
Get as much as you can.
-Wolf
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I just called Geico and they quoted me more than I'm paying now. They said it's because of the amount of CC's my bike has. Interesting how they said it didn't matter that it was only 298cc and not 300cc. Every other place I talked to told me anything 300cc and over is more expensive. They also said 300cc is about as big an engine as you can get on a scooter. I love insurance companies.
I have a 2012 GTI300. I live in Syracuse, NY. I'm 71 years old. My Geico policy with $100,000/300.000 bodily injury(including spouse), $50,000 property liability, $25,000 optional basic loss, $50,000/100,000 Supplementary uninsured, $250.00 deductible on comp and collision. My premium was $173.0 for the full year. I could possibly pay less if I attended a motorcycle safety course.
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I'd listen to Lido and Scooter wolf.
Not paranoid just a good understanding of how the world works. Saved pennies now could cost you everything later. As I said before cover your ass.
Be Big,
AMAC
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Hi, new forum member here. I live in Northern California in a big city. I just got a 2013 Like200i with 850 miles on it and am flipping a Chinese 150cc gy6 (hopefully today!)
Geico talked me into upping my insurance from liability only to comp/collision when I called about the new scooter. I went up to 300k/600k all coverage and $100 deductible plus towing!
$183 a year for both scooters or $132 for just the Kymco when I sell the other scooter. I consider that pretty decent for way better coverage than my cars and piece of mind. No safety course in my record but I am a safe driver with no violations or accidents in 25 years.
I also got a decent quote for AAA insurance but this was better. Shop around and good luck!
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Reading these replies, makes me wonder if I should up my insurance to a full coverage vs my liability. Like i previously mentioned, I only pay around $75-80 for the year.
I'm still young(24) and don't want any early year accidents ruining my life.
You guys suggest I call my insurance back and upgrade my coverage?
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I have full collision on everything I own. I don't ride bikes or scoots to save money. I ride them for enjoyment. Being underinsured, in the long run, doesn't seem like a good idea. Besides the litigation issues, if I come out of the grocery store and find my bike stolen or run over, I will actually make money. Having a squeaky clean license helps with ins. premiums, and keeps me employed.
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I went to visit my friend at a marina to see his boat when I first got the bike. The gravel was like 3 " deep and at one point the bike spun when I parking it. I was next to an expensive that may have cost a few thousand to fix a dent/scratch.
Good to have insurance.
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Reading these replies, makes me wonder if I should up my insurance to a full coverage vs my liability. Like i previously mentioned, I only pay around $75-80 for the year.
I'm still young(24) and don't want any early year accidents ruining my life.
You guys suggest I call my insurance back and upgrade my coverage?
If it were I would would up the coverage.
Even though you're young an at fault injury causing mistake could cost you.
They would have no problem attaching future earnings et al.
Pay a little now or a lot latter.
AMAC