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Author Topic: PSA - bikes are being reclassified  (Read 5918 times)

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Offline chornbe

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PSA - bikes are being reclassified
« on: April 16, 2014, 09:07:31 AM »
Just a heads up, some bike insurance companies are reclassifying bikes, and you may find that the bike you bought because it's "sporty without being a sport bike" may now be classified as a sport bike. Do your homework, folks.
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Offline Downs

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Re: PSA - bikes are being reclassified
« Reply #1 on: April 16, 2014, 09:12:35 AM »
Go figure haha

Offline Scratch

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Re: PSA - bikes are being reclassified
« Reply #2 on: April 16, 2014, 09:27:36 AM »
Have you a story to share there, bubbles?

Offline chornbe

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Re: PSA - bikes are being reclassified
« Reply #3 on: April 16, 2014, 09:28:12 AM »
Let's just say that it's getting increasingly difficult to seriously consider ever again buying bikes that I really want.
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Offline Rincewind

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Re: PSA - bikes are being reclassified
« Reply #4 on: April 16, 2014, 09:37:39 AM »
Which companies have you checked that are quoting jacked-up rates?  What kind of figures are you getting? 

Offline motormike

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Re: PSA - bikes are being reclassified
« Reply #5 on: April 16, 2014, 09:38:30 AM »
Get a scooter or a moped.

Offline chornbe

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Re: PSA - bikes are being reclassified
« Reply #6 on: April 16, 2014, 10:06:22 AM »
Which companies have you checked that are quoting jacked-up rates?  What kind of figures are you getting?

I was with Rider.com. Liz is with Progressive. Nearly double was the dollar figure. Delaware is high for bike insurance anyway. :(
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Offline Max Wedge

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Re: PSA - bikes are being reclassified
« Reply #7 on: April 16, 2014, 10:35:37 AM »
When legal is tough, the tough go illegal....or something like that. You know what I am implying.*











*In case you don't, I'm implying joining the 50% who don't have insurance (jokingly of course, because with your luck, you would be the "worst case" scenario.)
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Offline Rincewind

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Re: PSA - bikes are being reclassified
« Reply #8 on: April 16, 2014, 10:45:48 AM »
Which companies have you checked that are quoting jacked-up rates?  What kind of figures are you getting?

I was with Rider.com. Liz is with Progressive. Nearly double was the dollar figure. Delaware is high for bike insurance anyway. :(

Are you saying Liz was hit with an increase from Progressive?  Or are you saying that the rates you've been getting while inquiring on bikes seemed to be double?

I'm with Progressive and I haven't seen any news on an increase.

Offline chornbe

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Re: PSA - bikes are being reclassified
« Reply #9 on: April 16, 2014, 11:00:03 AM »
Rider.com "and a number of other insurance companies" are "reclassifying bikes that weren't usually considered sport bikes". There might not be any changes until it's time for renewal. That's what Rider is doing. Progressive said "we are reviewing motorcycle classifications".

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Offline FireBlade

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Re: PSA - bikes are being reclassified
« Reply #10 on: April 16, 2014, 12:16:47 PM »
status quo as everything is rising faster than my paycheck.

Offline stew71

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Re: PSA - bikes are being reclassified
« Reply #11 on: April 16, 2014, 01:07:53 PM »
Ugh....thanks for the reminder. I have Farmer's insurance and it was the lowest I could find at the time when I bought my FJR back in 07. $430 per year here in California. It remained the same until the last renewal period. Now I pay $510 per year with no tickets. 

I might have to start looking elsewhere.  :-\
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Online squeezer

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Re: PSA - bikes are being reclassified
« Reply #12 on: April 16, 2014, 08:05:11 PM »
Ugh....thanks for the reminder. I have Farmer's insurance and it was the lowest I could find at the time when I bought my FJR back in 07. $430 per year here in California. It remained the same until the last renewal period. Now I pay $510 per year with no tickets. 

I might have to start looking elsewhere.  :-\

I'm about to take my FJR from Progressive to Farmer's, also in CA. Farmer's came in just a touch lower and that's where I have our cars.
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Offline Downs

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Re: PSA - bikes are being reclassified
« Reply #13 on: April 17, 2014, 12:45:46 AM »
Be sure to call around and ask insurance brokers.  I was able to get a 200 dollar a year lower rate by going though a broker that uses Progressive vs going with Progressive Direct.

Offline Black Hills

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Re: PSA - bikes are being reclassified
« Reply #14 on: April 17, 2014, 08:40:10 AM »
Be sure to call around and ask insurance brokers.  I was able to get a 200 dollar a year lower rate by going though a broker that uses Progressive vs going with Progressive Direct.

this ^ it also seems to make a pretty big difference if you have other policies with them (car,boat,homeowners/renters, etc)
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Offline Max Wedge

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Re: PSA - bikes are being reclassified
« Reply #15 on: April 17, 2014, 09:48:05 AM »
I was with Rider.com. Liz is with Progressive. Nearly double was the dollar figure. Delaware is high for bike insurance anyway. :(


It sounds reasonable to me...

http://abcnews.go.com/blogs/business/2012/07/michigan-most-expensive-for-car-insurance/
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Offline Cablebandit

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Re: PSA - bikes are being reclassified
« Reply #16 on: April 17, 2014, 04:32:57 PM »
Oh boy...another insurance thread.

Offline chornbe

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Re: PSA - bikes are being reclassified
« Reply #17 on: April 17, 2014, 05:40:44 PM »
Oh boy...another insurance thread.

It's not just a "what's the best insurance" thread.

This is a situation where the insurance company(ies) decided it was time to reclassify some non-sport bikes as sport bikes. I'm guessing the dearth of sport bikes on eBay and CL has at least something to do with high insurance costs, so they're trying to broaden their income.

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Online Skee

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Re: PSA - bikes are being reclassified
« Reply #18 on: April 18, 2014, 08:08:38 PM »
Thx for the heads-up. 

Another reason I'm glad I didn't buy that Ninja 1000.   

Maybe if I keep repeating that, it'll come true.
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Offline Spanky

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Re: PSA - bikes are being reclassified
« Reply #19 on: April 18, 2014, 09:08:22 PM »
Don't worry skee, you can still buy one. They look very nice in a garage beside the Connie. Flo said that would qualify you for a multi-bike discount.

Offline Cablebandit

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Re: PSA - bikes are being reclassified
« Reply #20 on: April 19, 2014, 06:05:59 AM »
Be sure to call around and ask insurance brokers.  I was able to get a 200 dollar a year lower rate by going though a broker that uses Progressive vs going with Progressive Direct.


 :lol:  If I got a $200.00 per year rate reduction they'd be paying me to ride.  Perhaps I should call around. 

Online melville

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Re: PSA - bikes are being reclassified
« Reply #21 on: April 23, 2014, 06:41:47 PM »
Be sure to call around and ask insurance brokers.  I was able to get a 200 dollar a year lower rate by going though a broker that uses Progressive vs going with Progressive Direct.


 :lol:  If I got a $200.00 per year rate reduction they'd be paying me to ride.  Perhaps I should call around.

Yeah. me too.  Just renewed the Airhead.  $76 for the year, going down a little each year.  Progressive through the broker.
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Offline chornbe

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Re: PSA - bikes are being reclassified
« Reply #22 on: April 23, 2014, 09:50:43 PM »
Full coverage? Theft and collision?  :headscratch:
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Online melville

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Re: PSA - bikes are being reclassified
« Reply #23 on: April 24, 2014, 06:09:21 AM »
No, I don't ride or drive anything that I can't afford to wad into a little ball (and then part out). 
Call me Mel. Some years ago- never mind how long precisely- having little or no money in my purse, and nothing particular to interest me at home, I thought I would ride about a little and see the other parts of the world. It is a way I have of driving off the spleen and regulating the circulation.