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trackvs2wheels
Well-known member
**** bro, that'll buff right out!!!!!
Insurance cost
- Thread starter WFOWA
- Start date
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P Money
Well-known member
^^^ Oh that ginger lmao!!
08 xp800 is less than 200 a year for full coverage and I drop the collision during the off season. And its closer to 130 with progressive, I also have 3 cars and a Harley w them.
Hope you find something better than 1050$ that's fackin crazy!!
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08 xp800 is less than 200 a year for full coverage and I drop the collision during the off season. And its closer to 130 with progressive, I also have 3 cars and a Harley w them.
Hope you find something better than 1050$ that's fackin crazy!!
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Hammertime
Active member
Just got some insurance for 2011 m8 150/yr...
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TheHardWay
Well-known member
Not trying to hijack, but since we are on the topic of insurance....
I am looking to buy my first new sled. If I were to use the financing the Polaris or Ski-Doo offers, do they require the sled to be insured with full coverage, like a bank requires a truck to have full coverage insurance until the note is paid off?
I am looking to buy my first new sled. If I were to use the financing the Polaris or Ski-Doo offers, do they require the sled to be insured with full coverage, like a bank requires a truck to have full coverage insurance until the note is paid off?
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bigislandgrrl
Active member
When you see that people are paying $150 a YEAR for sled coverage its only comprehensive. You destroy that sled and youre out $12K, its that simple. If you think you have full coverage at such a low premium you better check again. We did that for a whole year only to realize that it wouldnt have covered our sleds if we had wrecked them.
I dont see any point in paying just for comprehensive coverage. I mean how much property damage are you going to do on that thing? I guess if you run someone over you can pay their medical bills... youre still out your sled.
I dont see any point in paying just for comprehensive coverage. I mean how much property damage are you going to do on that thing? I guess if you run someone over you can pay their medical bills... youre still out your sled.
I'd disagree in general.
I've looked at policies for folks that have full coverage for $180-250 a number of times, and I built my policy for my 11 turbo and 12 myself (put in the total for the sleds that I wanted) and I'm covered for the same things just like in a car, except the totals are lower.
I totally agree about checking them over though... some folks may not have what they think they have. I'm real anal about insurance, after seeing a buddy lose a house after a fire, I'm very picky about what is in the policy now.
How we get low payments like that is because we insure a ton of crap with these companies, and the multi policy discounts drop the costs.
Also, State farm & Liberty mutual are just cheap on sled policies for some reason. EXACT same policy from Progressive is WAY more.
btw, the sled was a slide, it went off a cliff, I didn't. (otherwise I wouldn't be around to harass folks on SW!!
)I got 13,500 for the machine, and kept it. motor was still good, and a ton of the mods were still good, shoot the floats that were on that sled are now on my 11! All in all I got $17k+ and kept a bunch of mods. That more than covers every dime I've ever spent on sled insurance.
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I financed my 2008 doo through GE Money Bank, which I am assuming is who doo uese for most of their financing. Not once was I ever asked to provide proof of insurance during the whole process, nor did I have insurance for half the year. About a month after getting insurance I basically totaled that sled. It's a darn good thing I had it then. Now I won't even go without it.
I now have insurance through Foremost and its $300 per year.
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TheHardWay
Well-known member
I think it is a great idea to have full coverage, especially if there is a loan on the sled. I was just wondering if full coverage was mandatory for the length of the loan. If not, I'd only insure it during the winter months when I'm using it. No real sense to pay for coverage when it would be sitting in storage during the off season.
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Hammertime
Active member
Full coverage on my 11TM8 with 6000 for the Turbo was only 150/year. Pays out blue book on the sled plus 6K for optional equipment. I suggest you call the company you have your house and cars with.
Not sure how it is with other sleds, but with cat & poo if you finance at the dealer you're dealing with Sheffield, even though it appears to be a regular loan, it's actually unsecured revolving credit, it's essentially a credit card authorized for X amount.
There is nothing tied to the loan, and because of this they can not/ would not require you to insure the item you bought with the money. That would be like making you insure the kitchenaid mixer you bought for the kitchen on your visa last week. I'm not mr super financial guy, so I might be using the wrong terms, but that's essentially what it it, unsecured or uncollateralized rotating or revolving debt.
Now if you get a loan from a bank (which looks better on your credit, since it doesn't look like a card to creditors, it will look like a secured auto loan) then I'd assume they'd have the same requirements as a car loan.
The few people I know that went to a bank to get a loan for a sled though, either did a heloc, or a personal loan... and neither of those would require it to be insured.
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TheHardWay
Well-known member
This is the impression I was under. The Poo and Doo finance system through Sheffield is a bit different than an actual bank loan.
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judger101
Well-known member
yes typical dealer financing is basically set up like a credit card for most snowmobiles, atvs, ect. if you go to a physical bank to get a loan for snowmobile, the normal case would be to use the sled as collateral and then it would be like a typical car loan where full coverage is required. of course there are tons of different ways you can secure loans or even go unsecured if you are credit worthy enough. the bank may let you by without full coverage, just depending on your relationship with your bank.
If you finance a sled, you should have full coverage. Even if it's treated like a credit card. You wad it up, you still have to pay for it. Paying for a clump of aluminum is hard to stomach.
I carry full coverage on my dirt bike and liability on the sleds(3) and 4 wheeler to the tune of $300 or so a year through Am Fam. None of them are financed though. If I total a sled it's my problem. If mine totals someone else's or heaven forbid hurts someone else I'm covered.
I carry full coverage on my dirt bike and liability on the sleds(3) and 4 wheeler to the tune of $300 or so a year through Am Fam. None of them are financed though. If I total a sled it's my problem. If mine totals someone else's or heaven forbid hurts someone else I'm covered.
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trinitypowder
Well-known member
I just insured my RG2011 M8 for $15k yesterday and it will set me back a whopping $20.34 per month with State Farm. My local guy here in Berthoud has covered all of my sleds since '04. In 2006 I let him buy my a replacement sled for my '02 MTN MAX after I punched a rock on a sidehill and watched my sled go 300' down the hill and wrap itself around a tree. Dealer said totalled and in less than one week I had a check for $4100 to spend toward a new one. So I bought a new '06 Summit and paid about $25 a month to insure it Here I am 6 years later paying LESS per month for a sled worth TWICE what my '06 was. State Farm boys.............is hard to beat!
I think there is some insurance terminology confusion in this thread.
The minimum premium insurance is liability only, which protects you by paying the guy you hit. The $/$$/$ description is the amount of coverage for personal injury to another person per incident, personal injury to all other persons per incident (total coverage allowed), and property damage to others in a single incident, eg 50/100/50.
Full coverage includes comprehensive, collision and liability. Comprehensive pays you for damage to your property from any source (BCL's trip over the cliff) not involving another vehicle. Collision pays you for property damage to your sled from a collision with others, or some accidents without other vehicles -- eg rollover. Liability--well, see above.
Uninsured coverage pays you for property and personal injury caused by persons not carrying liability coverage. If sled coverage is like auto coverage, you have an extremely high chance that an accident you are involved is with an uninsured person--they tend to have poor driving records.
The other major coverage is medical payments, (personal injury protection), which pays you and your passengers for your own and passengers medical injury from any source. Its not available in all states or under all policies. It may or may not be needed, given your regular health insurance, but you and your passenger will appreciate it. Its supposed to be quickly accessible, and may keep your passenger from having to sue you (to invoke the liability policy) for minor injuries.
The minimum premium insurance is liability only, which protects you by paying the guy you hit. The $/$$/$ description is the amount of coverage for personal injury to another person per incident, personal injury to all other persons per incident (total coverage allowed), and property damage to others in a single incident, eg 50/100/50.
Full coverage includes comprehensive, collision and liability. Comprehensive pays you for damage to your property from any source (BCL's trip over the cliff) not involving another vehicle. Collision pays you for property damage to your sled from a collision with others, or some accidents without other vehicles -- eg rollover. Liability--well, see above.
Uninsured coverage pays you for property and personal injury caused by persons not carrying liability coverage. If sled coverage is like auto coverage, you have an extremely high chance that an accident you are involved is with an uninsured person--they tend to have poor driving records.
The other major coverage is medical payments, (personal injury protection), which pays you and your passengers for your own and passengers medical injury from any source. Its not available in all states or under all policies. It may or may not be needed, given your regular health insurance, but you and your passenger will appreciate it. Its supposed to be quickly accessible, and may keep your passenger from having to sue you (to invoke the liability policy) for minor injuries.
I paid $365 for my 09' TM8 @ a declared value of $15,000 with Progressive this year and that was Denver metro area prices ..... holy shnikes .... yeah I wouldn't bother with full coverage at all @ that price.
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Vailguy
Well-known member
Progressive Insurance.
I think it is fair to mention, Progressive insurance founder Peter Lewis is a Leftist Progressive, thus the name, and donates millions (in some cases matched by George Soros) to causes that are trying to close snowmobiling areas under wildlife protection. Those riders on progressive should know what a portion of their money goes to.
I think it is fair to mention, Progressive insurance founder Peter Lewis is a Leftist Progressive, thus the name, and donates millions (in some cases matched by George Soros) to causes that are trying to close snowmobiling areas under wildlife protection. Those riders on progressive should know what a portion of their money goes to.
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