Collectors insurance for 86 VFR700 or other 25+ year old bikes

Discussion in 'General VFR Discussions' started by Crazy Commie, Nov 9, 2014.

  1. Crazy Commie

    Crazy Commie New Member

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    So for some reason. I never thought about it, but my 86 VFR700 does qualify for historic plates and collectors insurance, except for two major things.

    It's a survivor and the fairings show. If they accept pictures, I could do 20 footers, but any closer and it's age shows. It's still a good looking bike, till the accident yesterday. But her insurance, geico, will cover it and perhaps I can get new fairings with the cash? So that'll be sorted maybe.

    Now the biggest issue, collectors requires garages 9/10 times. What insurance companies do collectors insurance and don't require a garage? I heard State Farm does, but it's not as cheap or as good as Hagerty (which does require a garage).
     
  2. crustyrider

    crustyrider New Member

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    don't know about that, but when Mine required a garage I rented a storage unit with drive up access... the bike lived there the when I worked out of town for the week of if I was going on vacation..... doesn't say it had to be kept in a garage just that you had to have inside parking..
     
  3. RobVG

    RobVG Member

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    In WA state, mine qualifies for plates but basically you can't drive it anywhere-

    "May be driven:
    To and from auto shows, circuses, parades, displays, special excursions, and antique car club meetings."

    "May not be used for regular transportation in the manner of a fully licensed vehicle."

    As to insurance, I've always paid cash and never bought collision insurance. The money saved on insurance over the years has usually covered the cost of the vehicle. Needless to say I don't drive a Lamborghini but I'm starting to think how nice it would be to by a bike with a warranty.
     
  4. Crazy Commie

    Crazy Commie New Member

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    Didn't think about storage units, although I'm not sure how the local ones feel about running vehicles. I'll still give em a look, who knows maybe they will allow me to park it there. Bit of a hassle that way tho.

    Also AZ historic plates are pretty much ways to get by emissions and to qualify cars (or bikes) for collectors insurance. Oh and it's a pretty plate.

    Insurance companies do restrict you either a minor amount or a fair bit, like the whole only for shows or meets thing.
     
  5. Badbilly

    Badbilly Official VFRWorld Troll Of The Year!

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    The next question would be how bad is the bust. Citation, cancellation, fraud? Or you could move to Washington. No insurance necessary for bikes, or you could wait for antique plates and not have to wear a helmet.
     
  6. crustyrider

    crustyrider New Member

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    most storage places that rent storage with drive up capabilities are fine with running vehicles being stored there. heck the one I used in Santa Barbara I think in the block that I had only two stalls were not used for car storage.
     
  7. Crazy Commie

    Crazy Commie New Member

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    Nah Badbilly we got nearly 365 days a year riding weather here in Arizona. Also like it when helmets are required, hell I believe gear should be mandatory. Although I'm not sure if AZ requires them or not, if so some riders do without anyways.

    Also what did you mean by citation, fraud and all that? Kinda lost me there.
     
  8. NormK

    NormK New Member

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    In Victoria, Australia, we have the best deal in the world we have a logbook, we can ride anywhere anytime for 45 days a year and it costs us $70 or you can double it for 90 days, pretty much every Sat and Sun of the year for $140. Full reg on a bike here is about $700pa. I had a crash last year and broke the ignition cover on my 82 CB750F. I pay $120 pa full comp insurance on it, insurance co wrote it off paid me out, I bought it back for $150, fitted a new ignition cover rode straight back to the insurance co and they reinsured it for the same value they just paid me out on it, no questions asked, they were happy to do it. First time I have ever been lucky with an insurance co
     
  9. jerritt

    jerritt New Member

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    here in Toronto to insure my 82 cb750k it was only $125 a year but like RobVG I could only take it to shows and couldn't put more than a 1k a year on it
     
  10. GreyVF750F

    GreyVF750F Member

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    Collectors ins may not be any cheaper than regular insurance As far as putting historical plates and not being able to ride it all the time is a myth at least here in Ohio. Read the law real close. Ohio also says the same thing about parades etc. The Ohio law also states "or other activities". Which means just driving/riding around anytime. The state just doesn't want you to skirt the std plate taxes etc. So as not to have it as a main vehicle for everyday/work. I've had historical/model years plates since 95 on my GTO and I drive it all the time and any place I want without being stopped/questioned. And when I have been stopped,being bad, they never questioned the plates or what I was doing.

    In Ohio there is a difference between collector (20yrs old) and historical (25yrs old). I haven't had to pay for plates for my car since 95 because they are Historical/model year. That's the good part. So check your laws very close.
     
  11. TOE CUTTER

    TOE CUTTER Mullet Man

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    I have Hagerty insurance and they have mileage allowance as well so a daily driver is not gonna fly with them, I think that is why it is sooo cheap. I think most of their customers put very few miles on. Year of manufacture plates is an ugly process here in California but maybe a bit more forgiving in Arizona.
     
  12. Crazy Commie

    Crazy Commie New Member

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    Nope. Historic is pretty much a special snowflake personalized plate for anything 25 years or older.

    Was wrong actually about the emissions thing, that was actually collector's insurance that can get you the exemption. Been awhile since I looked into that, not that motorcycles get smogged anyways.

    EDIT: Didn't see Toe posted. Mileage wise it wouldn't matter for me, even driving around town I really only put around 3500 miles on my shitbox Cressida. The bikes get far less mileage, the CBR when it was my only bike got about 1500 miles a year. I don't see the VFR doing more than 3500 miles, if even that, a year due to opportunities to just ride all day. Well, once the VFR is back up after having a Range Rover Evoque knock me over on it.

    Also Hagerty requires a garage, that's insta-denying for me since I got no garage.
     
  13. V4toTour

    V4toTour New Member

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    Waste of time, especially if you like riding the old bikes. My 86 was ensured on a regular policy and the rate was based on what I said the bike was worth.
     
  14. NormK

    NormK New Member

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    I have my 1965 Royal Enfield Interceptor insured for $10,000 and it costs me $80 pa to have full comp insurance because it is on Club reg. Last week at our meeting I checked the speedo and I had ridden it 1100 miles in the previous couple of weeks. Thought I had had to keep filling it up for some reason, I was amazed I had ridden it so much. We have no restriction on miles ridden but I'm restricted to 45 days and I have never gone even close to using those days up, particularly if you have several bikes on club reg at $70 each to register it is a steal. I am struggling a bit with my CB750F because I lent it to a mate and he used up 19 days riding it to work so now I only have 12 days left till the renewal comes in May. I can go and get another 45 days but then I would never use more than a handfull of those
     
  15. Crazy Commie

    Crazy Commie New Member

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    Actually it's not at all. If I had a garage it'd be far more cheaper a year with full collision coverage, agreed value, gear and all that jazz then if I went with all that coverage with Geico.

    Which don't even cover protective gear except helmet from what the sales guy said (a British guy who was a Harley rider). Not sure if that's true, sounds like BS to me and if it's true it's even more BS since that'd cut down on medical bills.
     
  16. NormK

    NormK New Member

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    And for our $70 we get full medical cover in a private hospital and 80% of your lost income, trust me I have used it a few times
     
  17. Badbilly

    Badbilly Official VFRWorld Troll Of The Year!

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    Lots of difference in what one thinks is right for a given situation or scenario and what is the real deal, aka subjectivity vs objectivity. In more terse terms "Wish in one hand and shit in the other and see which one fills up the fastest".

    Since you asked.. A citation is a ticket. Fraud when dealing with insurance companies even if suspected can extract a heavy toll.

    Most of the questions you are asking are easily found in Arizona's DMV site. Missing may be the use of a lightning rod when riding around in Tucson on a dark and stormy PM.

    Making the rest of the ATGATT gear mandatory (certified) would IMO, require a level of bureaucracy exceeding the USIRS codes.

    Lost? Check this oot.

    https://www.youtube.com/watch?v=PHEqCXY2B-w
     
  18. Badbilly

    Badbilly Official VFRWorld Troll Of The Year!

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    Man!! Such a deal! Does this carry over to cars/trucks ect?
     
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