Kit and I are on 1 policy, both of us insured for all the bikes. Ours is around $225 (I think??) for 2 bikes for a year through Progressive. Her old CB650 is more than my Harley to insure.
We are both named on each bike so we can ride either one and not be violating coverage. (if you violate coverage, they won't pay a cent and will jack your rates) Same with the cars. We get the MSF discount but since we live near Portland, the bicycle and motorcycle theft capital of OR, our premium is a little higher than I thought it would be. We garage them at home and work now so maybe I'll go see if we can get a discount on that too. Good tip.
I do insure them (us) well. I guess I could back off on some of the options but I've been on the receiving end of a stupid cager who blew through me in the past. I wish to this day I had better coverage cuz he had
none. I footed the bill for hospital(luckily work insurance kicked in to help), bike, lost wages, everything. (I was in casts for 2.5 years and tons of surgery) The very
least of the bill is going to be the bike, if you end up hurt at all. A good rule of thumb is to insure
yourself, not the bike.
If you read the fine print, that $18 probably doesn't cover the actual bike or you, the rider. It
may cover the other guy or a passenger. That is usually the state bare minimum.
Btw, the guy who hit me while playing chicken with his buddies??... He got a fine for running a stop sign. He was not required or responsible to pay any of my bills when it happened because he didn't have insurance. (he wasn't responsible to even get out to help me. he sat in his car.)
