April 28th, 2010

Insurance insanity

I just called my insurance agent to set up coverage on the motorcycle I'm picking up tonight. It's about a $3K bike, but just for fun I had him quote me a price for collision and comprehensive as well as just liability.

The difference in price between the two is $283.56/year. That's basically 10% the price of the bike. It's easy to do the math here... is there a 1 in 10 chance that the bike will be totalled or stolen in one year of riding? Hell no.

As an aside, I once did this calculation and had it come out the other way. It was my first motorcycle, and a pretty cheap one. However, the difference in price between liability and full coverage was pretty small, and it came out to needing a little better than a 1 in 30 chance of destroying the bike in one year. Given that I was a new rider on a bike with a lot of (expensive to replace) plastic, lived and worked in San Francisco, and parked on the street, I thought that the odds were in my favor. I took full coverage. Two or three years later the bike got stolen, and the insurance company paid out more than I expected.

Vroom?

There's a new motorcycle in my garage.

Because I haven't ridden in a year, I think the tires are a little bit marginal, and the weather forecast said rain, wind, and cold, I decided to have my tow guy bring it home fore me rather than doing 45 miles of busy and somewhat fucked-up freeway on the new (to me) bike. 880 between San Jose and Oakland is not my favorite stretch of road even in the best of conditions.

This worked out really well, since stevecohen happened to be about five miles away from where the bike was. I met my tow guy down there, paid for the bike, and had him drop it off at my house, then went to dinner with Steve.

When I got home I took her out for a half-hour putter around the neighborhood. She definitely goes putt putt rather than vroom vroom, but I'm OK with that. She runs well, and other than needing tires I didn't detect any obvious problems. I managed to keep her upright, not stall her, and not do anything even a little bit bad other than missing a couple of shifts-- I kept winding up in neutral rather than first when coming out of a stop sign. The shoulder was maybe the teeniest bit annoyed, but I don't think it's going to be a real problem.

YIPPIE! Bike! I think her name might be Pfaff.