KTAC Insurance Conudrum

nh10ring

New member

Equipment
Kubota B2320
Mar 28, 2022
19
2
3
New Hampshire
I am looking to buy either B2601 @ 0% for 72 months, or the LX2610 @ 0% for 84 months. When I do the math, the KTAC insurance comes out to be $1.40 per thousand on the LX2610, and $1.33 per thousand on the B2601. What gives with the different rates? I thought KTAC had a set rate of $1.30 per thousand. Is it me, or does this seem a little sketchy?
 

DustyRusty

Well-known member

Equipment
2020 BX23S, BX2822 Snowblower, Curtis Deluxe Cab,
Nov 8, 2015
6,188
4,772
113
North East CT
Sounds like a normal insurance rating to me. Where did you get the $1.30 per thousand figure from?
 

nh10ring

New member

Equipment
Kubota B2320
Mar 28, 2022
19
2
3
New Hampshire
Sounds like a normal insurance rating to me. Where did you get the $1.30 per thousand figure from?
$1.30 is the standard figure used in several threads and one dealer video. Reportedly it is a set rate. Of course, I don't know this for a fact, but am hopeful someone with knowledge about KTAC can pipe in. If it fluctuates, that's one thing. But if it is a set rate, the dealer is obviously padding the bill.
 

Elliott in GA

Well-known member

Equipment
LX 2610SU w/535,LP RCR1860,FDR1660,SGC0554,FSP500, DD BBX60005
Mar 10, 2021
734
710
93
North Georgia
The coverage period (months financed) is different; the LX is an additional year.. Did you compensate for this?
 

North Idaho Wolfman

Moderator
Staff member
Lifetime Member

Equipment
L3450DT-GST, Woods FEL, B7100 HSD, FEL, 60" SB, 743 Bobcat with V2203, and more
Jun 9, 2013
29,939
6,122
113
Sandpoint, ID
The LX is a more expensive model, maybe that plays into the differance?
Or they raised rates?
 

nh10ring

New member

Equipment
Kubota B2320
Mar 28, 2022
19
2
3
New Hampshire
The coverage period (months financed) is different; the LX is an additional year.. Did you compensate for this?
I did compensate for the additional year. However, I discovered a miscalculation on my part. When re-calculated correctly, the KTAC does indeed figure out to $1.30 per thousand (of the actual equipment cost). My bad, but perhaps this will reassure others who want to estimate their insurance cost.
 
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CAPT Seabee

Member
Lifetime Member

Equipment
Grand L5460
Dec 28, 2022
69
61
18
Bonners Ferry ID
You don't have to go with KTAC. I got about 1/3rd less price and a bit better coverage (fewer but fors) with Travelers. Kubota finance just wants the unit insured.
 

North Idaho Wolfman

Moderator
Staff member
Lifetime Member

Equipment
L3450DT-GST, Woods FEL, B7100 HSD, FEL, 60" SB, 743 Bobcat with V2203, and more
Jun 9, 2013
29,939
6,122
113
Sandpoint, ID
You don't have to go with KTAC. I got about 1/3rd less price and a bit better coverage (fewer but fors) with Travelers. Kubota finance just wants the unit insured.
I'm not advocating or promoting for KTAC, But does your policy cover all of this, most don't, and they only cover you at home.

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PaulL

Well-known member

Equipment
B2601
Jul 17, 2017
2,413
1,338
113
NZ
But surely we should be talking about the tractor you're buying, not the cost of the insurance?

What are you doing with it? Surely you need an L2502, or maybe a Grand-L, or perhaps an MX is really the right tractor for you? ;-)