CTX 1300 Forum banner

1 - 20 of 62 Posts

·
Registered
Joined
·
23 Posts
Discussion Starter #1
The insurance company I use wants to up charge me for having this bike!
I sold my 2012 Goldwing @$875 per year (highest coverage) and now they want $327 more. That is $1200 a year!
As I understand it, the insurance companies do not yet have a listing for this bike so they are GUESSING.

This is not the only bike they insure for me either (1 of 3) , and the Harley is worth so much more $. I've been riding since I was a kid and have had a M/C endorsement since 72.

Anyone else run into this?

How much are you folks paying?

The answer is always "NO" unless you ask.

R
 

·
Registered
Joined
·
13 Posts
State Farm is charging me 48 per month, they guessed also at the rate but compared it to other 1300cc honda models
Message from Canada
Dew
 

·
Super Moderator
Joined
·
5,464 Posts
I'll have to look it up. I have ins for both the bike and scooter through Nationwide and I know it's not anywhere close to that! More like double what Dew is paying for each bike.
I know that rates can be drastically different in different areas. Even within the same company on different sides of the same city! I found that while shopping around many years ago.
Maybe if you told them it is just a "rebuild" of the ST1300 since they should know what that is. To be clear, it's not a replacement for the ST. But I would say technically it could be considered a rebuild of the ST and presented/marketed as a new design.
 

·
Super Moderator
Joined
·
2,162 Posts
Progressive is charging me the same for the CTX as for the Thunderbird. Somewhere in the neighborhood of $600 per year.
 

·
Super Moderator
Joined
·
2,162 Posts
I'll have to look it up. I have ins for both the bike and scooter through Nationwide and I know it's not anywhere close to that! More like double what Dew is paying for each bike.
I know that rates can be drastically different in different areas. Even within the same company on different sides of the same city! I found that while shopping around many years ago.
Maybe if you told them it is just a "rebuild" of the ST1300 since they should know what that is. To be clear, it's not a replacement for the ST. But I would say technically it could be considered a rebuild of the ST and presented/marketed as a new design.
Most of them look more at the bike's shape and displacement than its lineage. First thing Progressive asked me is what does it look like (i.e., cruiser, sport bike, etc.). I told them it was basically a cruiser with a fairing and bags. If I told them it was built on a ST1300, they'd probably have written it up more like a sport bike than a cruiser, when in fact it's more like a cruiser.
 

·
Registered
Joined
·
741 Posts
I ran into a similar issue with the CTX700D. It took State Farm a couple of months to figure it out. After that the rate went down and I was credited for the difference.

When I insured the CTX1300 they were guessing again. They asked for the displacement and the MSRP. I'll be watching my bill for the next couple of months.
 

·
Premium Member
Joined
·
399 Posts
Mine is about $1100/year. Of course, I live in a major city. But I am not in a high-crime area of it, have never filed a claim, have the bike garaged when not in use and have the equivalent of a LoJack device on it. So I suppose it could have been even worse. I tried to get a quote on the bike a couple of weeks before I picked it up, and Progressive did not have it on the list. I'm still not sure if it was there went I got the insurance after the pickup, but the agent I used this time didn't seem to have any problem getting it set up. Maybe I should ask for a quote again periodically and see what comes up for the rate...
 

·
Super Moderator
Joined
·
5,464 Posts
Just looked up what it was last year and expect the same this year (June). $335/yr for both the ST and Metropolitan scooter together from Nationwide/Allied. They only have one level of coverage I think. Keep in mind that rates will vary a lot for the same bike in different areas. Can be across town or across the nation. The rates will be different.
 

·
Super Moderator
Joined
·
2,162 Posts
Steve, I don't think they (at Progressive) have any info on this bike yet. Maybe none of the insurance companies do, as they all seem to be guessing on rates based on owners' descriptions so far. I'd sure like to hear from anybody else who's bought another model so immediately upon its introduction as we have here with the CTX, if their experiences have been similar. Other than the introductions at bike shows back in November, there really hasn't been any fanfare for this machine. And with a complete absence of accessories, so many components shared with the apparently discontinued ST1300 (even the grips and controls), insurance companies having zero awareness of it, and the fact that this is hardly Honda's first new bike launch, I have to wonder just how long it's even been on the drawing board.

Along the same line of thought, anybody know what's the deal with the new Valkyrie?
 

·
Premium Member
Joined
·
399 Posts
...so many components shared with the apparently discontinued ST1300 (even the grips and controls)...
Aha! I've been trying to figure out the size of the CTX 1300 grips so I can replace them. I really don't like the looks of the Grip Puppies or Grab-On Grips; they look like pipe insulation tubing (in fact, I think some of them are just that).

Ed, can you tell if the grip size is the same on the CTX 1300 as on the ST1300? If so, then I am ordering the Kuryakyn 6341 grips in black, and my problems should be solved…
 

·
Super Moderator
Joined
·
2,162 Posts
I'll measure tonight to be absolutely positive, but I'm pretty sure they're the same as the ST. However -- they do have bar end weights attached to the bars themselves, which may or may not be needed to reduce excess vibrations.

Also, be sure that throttle side grip fits over the throttle sleeve (as Honda and a few other manufacturers do), and it isn't the HD type where the grip and sleeve are all one piece.
 

·
Registered
Joined
·
23 Posts
Discussion Starter #13
Run the gauntlet on the bike insurance and threw in the towel. For all the years I've been riding and experience free of all dubious retractors I have to pay up. Nationwide was the highest at $2250 year. Progressive followed with $1650 year, and everyone else was in the $1200 per year category.. I have the highest insurance you can buy as I live in Arizona the land of the free of insurance state. So I try to protect my passenger as the insurance in your car or on your bike does not cover your medical unless you have paid the premium for medical pay. The most you can get on that is $10K.

So now that it is said and done, $1200 per year, and my 2012 Harley that costs $10K more then this bike costs $650 per year. Go figure.

Now I am closing the loop and am done bitc****. I cry UNCLE.

R

The answer is always NO unless you ask.

DONE
 

·
Super Moderator
Joined
·
5,464 Posts
Was just doing some more information gathering (my wife wants ALL the information and total costs before she'll even consider changing her mind about it... surprised she doesn't want the cost of oil and gas for the next year!).
My insurance, as stated before, is with Allied/Nationwide. Since this IS a new model and they DON'T have any info on it they are all guessing. Was quoted a price of just under 990/yr for this one bike. :eek::eek::eek:
I would have to pretend I have 3 bikes with this one (cruiser, tourer, ST) :rolleyes:;)

I told my agent (an independent agent we've been with for the last 32 years) to do some shopping around to see if they can do better. They've always been able to find me better deals so far, we'll see what shows up. I used to joke about those commercials that claimed they'll guarantee their rate will be 350 less than I'm paying now, that they would have to start paying me if they came through with that promise.
 

·
Super Moderator
Joined
·
2,162 Posts
Not sure what insurance is typically like in your area compared to others, but that seems kinda high. Hopefully your agent can find you something better.
 

·
Super Moderator
Joined
·
5,464 Posts
That's what I'm hoping. Still waiting for alternatives from the agent.
they said the high rate was due to the company not knowing what it is and that it is a new bike rather than used. We'll see.
 

·
Super Moderator
Joined
·
5,464 Posts
I did hear back from my agent. Progressive is 150/yr less than Allied. Another company I haven't heard of (American Modern) is less than half of Progressive but I'm not so sure of that company. Looked them up online and they don't have very good reviews. More than one review site indicated negative experiences and customers did not recommend. Still looking.
 

·
Premium Member
Joined
·
80 Posts
That really sounds high to me as well...I'm sub $500 for the year like way sub so I would keep shopping around for a better rate!!
 
1 - 20 of 62 Posts
Top