What is my neighbor paying for their 1992 Yamaha XV750 Virago?
Auto-Liability, 1992 Yamaha XV750 Virago
See a sample rate for a Male Driver / Single 44 year old with No Violations – Liability Only.
1992 Yamaha XV750 Virago: SAMPLE QUOTE
|Coverages and other Factors|
|Coverage Type: Liability Only|
|Number of Vehicles on Policy: 1|
|Year/Make/Model: 1992 Yamaha XV750 Virago|
|Ownership Status: Own/Paid Off|
|Rental Coverage: No|
|More Auto Coverage Details|
|Insurance Company: Progressive Insurance Company|
|Liability Limits: $100,000 each person / $300,000 each accident / $50,000 Property Damage|
|Uninsured Motorist: Rejected|
|Underinsured Motorist: Rejected|
|Medical Payments: Rejected|
|Comprehensive/Collison Deductible: None|
Insurance Rating Factors
State: Yoder, Colorado
Age Group: Early 40’s
Legal Marital Status: Single
Prior Insurance: No
SR-22: Not Required
Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real quote.
What Is Liability Only Insurance?
Liability-only insurance, also known as third-party liability insurance, is a type of insurance coverage that provides financial protection to the policyholder against claims or lawsuits brought by third parties for bodily injury or property damage caused by the policyholder’s actions. However, it does not cover any damage to the policyholder’s own vehicle or property.
In the context of auto insurance, liability-only coverage is the minimum level of insurance required by law in many states. It typically includes two types of liability coverage:
- Bodily Injury Liability: This part of the policy covers the medical expenses, rehabilitation costs, and potential legal fees if you’re found at fault in an accident that causes injury or death to another person. It can also provide coverage for the pain and suffering experienced by the injured party.
- Property Damage Liability: This aspect of the policy covers the costs associated with repairing or replacing another person’s property if you are at fault in an accident that causes damage to their vehicle or other property.
Liability-only insurance does not cover any damages to your own vehicle, so if you’re involved in an accident and your car is damaged or totaled, you’ll have to cover the repair or replacement costs out of your pocket.
This type of insurance is often chosen by individuals with older vehicles or cars of lower value because the cost of comprehensive and collision coverage (which would protect the policyholder’s own vehicle) might outweigh the potential benefits.
It’s essential to consider your specific needs and financial situation when deciding on the level of insurance coverage you require. Liability-only insurance may be suitable for some individuals, but others might prefer a more comprehensive policy that includes coverage for their own vehicle as well.
What Are The Motorcycle Insurance Requirements in Colorado?
The motorcycle insurance requirements in Colorado mandated certain minimum coverage for riders. It’s important to note that insurance regulations can change over time, so it’s best to verify with an official source or an insurance agent for the most current information. Here are the motorcycle insurance requirements that were in place as of September 2021:
- Liability Insurance: Colorado law requires all motorcycle owners to carry liability insurance. The minimum liability coverage limits for motorcycles are as follows:
- $25,000 bodily injury per person
- $50,000 bodily injury per accident (when multiple people are injured)
- $15,000 property damage per accident
- Uninsured/Underinsured Motorist Coverage (UM/UIM): Motorcycle insurance policies in Colorado are required to include uninsured/underinsured motorist coverage. This coverage helps protect you if you’re involved in an accident with a motorist who doesn’t have insurance or lacks sufficient coverage to pay for the damages.
Remember, these are just the minimum required coverages. It’s often a good idea to consider additional coverage options, such as collision, comprehensive, medical payments, and more, to provide further protection and peace of mind.
Since insurance regulations can change, I recommend reaching out to a licensed insurance provider in Colorado or the Colorado Division of Insurance for the most up-to-date information regarding motorcycle insurance requirements in the state.
What Is the Reputation of a 1992 Yamaha XV750 Virago?
The 1992 Yamaha XV750 Virago is generally considered to be a well-regarded motorcycle with a positive reputation. The Virago series, which was first introduced in the early 1980s, was Yamaha’s line of V-twin cruiser motorcycles. The XV750 Virago, in particular, was one of the popular models in this series.
Here are some key points contributing to its positive reputation:
- Reliability: The XV750 Virago is known for its reliability and durability. The V-twin engine design, combined with Yamaha’s engineering, resulted in a bike that was generally dependable and had a long service life when properly maintained.
- Comfort: The Virago series, including the XV750, was designed with rider comfort in mind. It featured a relaxed riding position, comfortable seat, and reasonably smooth power delivery, making it suitable for both short rides and longer journeys.
- Handling: While it was not a high-performance sportbike, the XV750 Virago offered good handling characteristics for a cruiser. It was relatively easy to maneuver, and riders found it enjoyable for casual cruising and city riding.
- Styling: The Virago series, with its classic cruiser styling, appealed to many riders who appreciated the nostalgic and timeless look of the bike. The XV750 featured a distinctive V-twin engine layout and a balanced overall design.
- Aftermarket Support: Due to its popularity and long production run, the XV750 Virago has a decent aftermarket support network. This means that riders could find a variety of aftermarket parts, accessories, and modifications to customize their bikes according to their preferences.
However, it’s essential to keep in mind that the reputation and condition of any used motorcycle, including the 1992 Yamaha XV750 Virago, can vary depending on how well it was maintained by previous owners. If you’re interested in purchasing a used XV750 Virago, it’s advisable to have a thorough inspection done by a qualified mechanic to ensure that the bike is in good condition and to address any potential issues. Additionally, consider checking online forums and communities dedicated to Virago owners for more specific insights and experiences shared by other riders.
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