Welcome, Guest. Please login or register.

Author Topic: WTF? Insuranse Rate Increase  (Read 16762 times)

0 Members and 1 Guest are viewing this topic.

Offline FJR1300

  • Administrator
  • Member
  • Location: Jefferson City, MO
  • Posts: 1190
  • Motorcycles: None
WTF? Insuranse Rate Increase
« on: January 07, 2014, 04:35:04 AM »
I called my agent on Monday to let her know I sold the CBR and bought the BMW. My rate went from under $200 a year to over $700 a year for the exact same coverage. I told her to write the new policy, but I will be calling around for a better rate.

Offline marc11

  • Member
  • Location: Orange County, NY
  • Posts: 550
Re: WTF? Insuranse Rate Increase
« Reply #1 on: January 07, 2014, 06:14:34 AM »
I would have shopped around. The new bike may be worth more in a total loss so that may explain some of the increase but it should have favorable discounts in theft and safety.

When I swapped my klr for my RT I only had an $11 a year increase from $93 a year to $105 and that is for the RT and my XR with full coverage $100/300 and $500 ded.   

Sent from my SAMSUNG-SGH-I747 using Tapatalk

2014 R1200RT
2002 XR400

Online Cablebandit

  • Contributor
  • Member
  • Location: Stormshire
  • Posts: 4979
  • Pig Pilot
    • https://www.facebook.com/TheCablebandits
  • Motorcycles: A Blue One
Re: WTF? Insuranse Rate Increase
« Reply #2 on: January 07, 2014, 07:08:12 AM »
I don't want to sound like Captain Obvious, but you didn't inquire about insurance rates prior to buying the bike?

Offline Stripes

  • Member
  • Location: On the water
  • Posts: 2217
  • I'm On A Boat!
  • Motorcycles: Triumph
Re: WTF? Insuranse Rate Increase
« Reply #3 on: January 07, 2014, 07:14:24 AM »
I don't want to sound like Captain Obvious, but you didn't inquire about insurance rates prior to buying the bike?

If you have to ask, you probably can't afford it.
Hard work, pays off in the future. Laziness, pays off now.

Offline FJR1300

  • Administrator
  • Member
  • Location: Jefferson City, MO
  • Posts: 1190
  • Motorcycles: None
Re: WTF? Insuranse Rate Increase
« Reply #4 on: January 07, 2014, 07:28:56 AM »
I would have shopped around.

I am shopping around, but I had him write the policy so I have the correct coverage. I'll get a full refund if I cancel quickly.


I don't want to sound like Captain Obvious, but you didn't inquire about insurance rates prior to buying the bike?

I did, but they can't give you a quote on motorcycles without a VIN. The agent figured my rate would go down because the CBR is a beginners bike with a lot of claims and the BMW has ABS and theft protection.

Offline Rincewind

  • Member
  • Location: SEPA
  • Posts: 336
  • Motorcycles: DL650A
Re: WTF? Insuranse Rate Increase
« Reply #5 on: January 07, 2014, 07:35:42 AM »
I would check with a multiline/independent insurance agent that can shop it for you.  I did this and ended up back at Progressive.  $700 for a F700 is pretty high!  My T800 is around $200-250/year with good coverage. 

Online Cablebandit

  • Contributor
  • Member
  • Location: Stormshire
  • Posts: 4979
  • Pig Pilot
    • https://www.facebook.com/TheCablebandits
  • Motorcycles: A Blue One
Re: WTF? Insuranse Rate Increase
« Reply #6 on: January 07, 2014, 07:36:15 AM »
Definitely look around.  I had an exact, to the penny, quote before I was even able to locate the bike at a dealership.

Of course every state is different with regards to insurance laws/regs so YMMV.

Offline Royal Tiger

  • Member
  • Location: Lehigh Valley, PA
  • Posts: 573
  • Deutsche Rüstungs-Abteilung
  • Motorcycles: See Signature
Re: WTF? Insuranse Rate Increase
« Reply #7 on: January 07, 2014, 08:28:02 AM »
I pay under $300 a year for both of my BMW's with full coverage through Geico.  Her 2 bikes were half as expensive with Progressive versus Geico.  Mine was reversed.  You have to shop around.
~Dan

2013 Yamaha XT250 * 2012 Kawasaki Ninja 250 * 2007 BMW G650X XChallenge * 2005 BMW R1200ST * 2003 Yamaha PW80

Online Cablebandit

  • Contributor
  • Member
  • Location: Stormshire
  • Posts: 4979
  • Pig Pilot
    • https://www.facebook.com/TheCablebandits
  • Motorcycles: A Blue One
Re: WTF? Insuranse Rate Increase
« Reply #8 on: January 07, 2014, 08:46:27 AM »
I find synthetic insurance better over the long term than dino.  Will your rates be lower with a car tire installed?

Offline Royal Tiger

  • Member
  • Location: Lehigh Valley, PA
  • Posts: 573
  • Deutsche Rüstungs-Abteilung
  • Motorcycles: See Signature
Re: WTF? Insuranse Rate Increase
« Reply #9 on: January 07, 2014, 08:47:57 AM »
I find synthetic insurance better over the long term than dino.  Will your rates be lower with a car tire installed?

Only if its a Michelin. 
~Dan

2013 Yamaha XT250 * 2012 Kawasaki Ninja 250 * 2007 BMW G650X XChallenge * 2005 BMW R1200ST * 2003 Yamaha PW80

Online Cablebandit

  • Contributor
  • Member
  • Location: Stormshire
  • Posts: 4979
  • Pig Pilot
    • https://www.facebook.com/TheCablebandits
  • Motorcycles: A Blue One
Re: WTF? Insuranse Rate Increase
« Reply #10 on: January 07, 2014, 08:49:36 AM »
The ice tires have a softer compound for cornering.

Online Black Hills

  • Member
  • Location: Rapid CIty, SD
  • Posts: 3533
  • Motorcycles: KTM 1290 Adventure R, KTM300xcw, 1290 SuperDuke
Re: WTF? Insuranse Rate Increase
« Reply #11 on: January 07, 2014, 08:52:39 AM »
check with state farm, my CBR and KTM adventure are both right around $300
the above are merely the ramblings of a hamfisted fuckwit who has broken too many helmets.

Online SLK50

  • Member
  • Location: PA
  • Posts: 355
  • Your life is what you make it.
  • Motorcycles: FJR1300, C-10
Re: WTF? Insuranse Rate Increase
« Reply #12 on: January 07, 2014, 09:37:01 AM »
State Farm was especially good if you bundle.
I don't understand why some people object to that.
My co-worker saved over 2 grand a year by bundling
as opposed to previous individual policies.
It's never too early to plan.
It's never too late to go.

Offline Royal Tiger

  • Member
  • Location: Lehigh Valley, PA
  • Posts: 573
  • Deutsche Rüstungs-Abteilung
  • Motorcycles: See Signature
Re: WTF? Insuranse Rate Increase
« Reply #13 on: January 07, 2014, 09:45:03 AM »
The ice tires have a softer compound for cornering.

Even better grip with studs. 
~Dan

2013 Yamaha XT250 * 2012 Kawasaki Ninja 250 * 2007 BMW G650X XChallenge * 2005 BMW R1200ST * 2003 Yamaha PW80

Offline Blunder

  • Member
  • Location: Reno, NV
  • Posts: 1152
  • Motorcycles: 01 Suzuki GSF1200S, '96 Isuzu Hondo (Chevy S-10 P/U)
Re: WTF? Insuranse Rate Increase
« Reply #14 on: January 07, 2014, 09:45:51 AM »
Are you sure they know it's a BMW motorcycle and not some boy racer hot rod shitbox M sedan? I recall someone having that issue over on .net.
Torque is cheap.

Offline bomber

  • Member
  • Location:
  • Posts: 909
  • Rough, grooved surface
  • Motorcycles: some
Re: WTF? Insuranse Rate Increase
« Reply #15 on: January 07, 2014, 10:15:29 AM »
If you are interested, many companies (in many states) don't cover gear in an accident . . . . I was surprised when we found that helmets and jackets and the like were not covered byt the vehicle or personal coverage . . . . .

We changed carriers.
We had two bags of grass, 75 pellets of mescaline, five sheets of high-powered blotter acid, a saltshaker half-full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers... Also, a quart of tequila, a quart of rum, a case of beer, a pint of raw ether, and two dozen amyls. Not that we needed all that for the trip, but once you get locked into a serious drug collection, the tendency is to push it as far as you can.

Offline chornbe

  • Contributor
  • Member
  • Location: Wilmington, Delaware
  • Posts: 6976
    • The Pace Motorcycle Podcast
  • Motorcycles: Honda DN-01
Re: WTF? Insuranse Rate Increase
« Reply #16 on: January 07, 2014, 11:00:15 AM »
I pay under $300 a year for both of my BMW's with full coverage through Geico.  Her 2 bikes were half as expensive with Progressive versus Geico.  Mine was reversed.  You have to shop around.

Sadly, what you or I pay is completely, wholly and summarily irrelevant. Insurance has absolutely zero viability between states, regions, companies and a host of other factors. I hate it. My insurance is ~60% higher living here in Delaware than I paid living in PA, 10 miles away, with the same company and coverage. Switched companies, it's cheaper. The new company is roughly 150% higher over the line in PA. There is no consistency at all. Which sucks. If there's one thing I'd like to see the federal government really do to make a difference for real people living real lives is to standardize the whole god damned driver thing. We don't even have consistent rules, so I guess insurance being such a cluster-intercourse is no real surprise. :shrug:
this signature on hold pending review

Online Black Hills

  • Member
  • Location: Rapid CIty, SD
  • Posts: 3533
  • Motorcycles: KTM 1290 Adventure R, KTM300xcw, 1290 SuperDuke
Re: WTF? Insuranse Rate Increase
« Reply #17 on: January 07, 2014, 11:05:56 AM »
I pay under $300 a year for both of my BMW's with full coverage through Geico.  Her 2 bikes were half as expensive with Progressive versus Geico.  Mine was reversed.  You have to shop around.

Sadly, what you or I pay is completely, wholly and summarily irrelevant. Insurance has absolutely zero viability between states, regions, companies and a host of other factors. I hate it. My insurance is ~60% higher living here in Delaware than I paid living in PA, 10 miles away, with the same company and coverage. Switched companies, it's cheaper. The new company is roughly 150% higher over the line in PA. There is no consistency at all. Which sucks. If there's one thing I'd like to see the federal government really do to make a difference for real people living real lives is to standardize the whole god damned driver thing. We don't even have consistent rules, so I guess insurance being such a cluster-intercourse is no real surprise. :shrug:

true, but a lower cost company in state A will most likely be a lower cost company is state B as well.
the above are merely the ramblings of a hamfisted fuckwit who has broken too many helmets.

Offline chornbe

  • Contributor
  • Member
  • Location: Wilmington, Delaware
  • Posts: 6976
    • The Pace Motorcycle Podcast
  • Motorcycles: Honda DN-01
Re: WTF? Insuranse Rate Increase
« Reply #18 on: January 07, 2014, 11:07:30 AM »
I pay under $300 a year for both of my BMW's with full coverage through Geico.  Her 2 bikes were half as expensive with Progressive versus Geico.  Mine was reversed.  You have to shop around.

Sadly, what you or I pay is completely, wholly and summarily irrelevant. Insurance has absolutely zero viability between states, regions, companies and a host of other factors. I hate it. My insurance is ~60% higher living here in Delaware than I paid living in PA, 10 miles away, with the same company and coverage. Switched companies, it's cheaper. The new company is roughly 150% higher over the line in PA. There is no consistency at all. Which sucks. If there's one thing I'd like to see the federal government really do to make a difference for real people living real lives is to standardize the whole god damned driver thing. We don't even have consistent rules, so I guess insurance being such a cluster-intercourse is no real surprise. :shrug:

true, but a lower cost company in state A will most likely be a lower cost company is state B as well.

Not always. I'd like to think "most likely" is correct, but I have zero faith on that. I just posted the opposite based on my experience, first hand.
this signature on hold pending review

Offline bomber

  • Member
  • Location:
  • Posts: 909
  • Rough, grooved surface
  • Motorcycles: some
Re: WTF? Insuranse Rate Increase
« Reply #19 on: January 07, 2014, 11:08:03 AM »
I pay under $300 a year for both of my BMW's with full coverage through Geico.  Her 2 bikes were half as expensive with Progressive versus Geico.  Mine was reversed.  You have to shop around.

Sadly, what you or I pay is completely, wholly and summarily irrelevant. Insurance has absolutely zero viability between states, regions, companies and a host of other factors. I hate it. My insurance is ~60% higher living here in Delaware than I paid living in PA, 10 miles away, with the same company and coverage. Switched companies, it's cheaper. The new company is roughly 150% higher over the line in PA. There is no consistency at all. Which sucks. If there's one thing I'd like to see the federal government really do to make a difference for real people living real lives is to standardize the whole god damned driver thing. We don't even have consistent rules, so I guess insurance being such a cluster-intercourse is no real surprise. :shrug:

States rights, FTW


true, but a lower cost company in state A will most likely be a lower cost company is state B as well.

Not always. I'd like to think "most likely" is correct, but I have zero faith on that. I just posted the opposite based on my experience, first hand.

Some companies use more expensive states to help support less expensive states . . . .
We had two bags of grass, 75 pellets of mescaline, five sheets of high-powered blotter acid, a saltshaker half-full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers... Also, a quart of tequila, a quart of rum, a case of beer, a pint of raw ether, and two dozen amyls. Not that we needed all that for the trip, but once you get locked into a serious drug collection, the tendency is to push it as far as you can.

Offline chornbe

  • Contributor
  • Member
  • Location: Wilmington, Delaware
  • Posts: 6976
    • The Pace Motorcycle Podcast
  • Motorcycles: Honda DN-01
Re: WTF? Insuranse Rate Increase
« Reply #20 on: January 07, 2014, 11:09:08 AM »
I pay under $300 a year for both of my BMW's with full coverage through Geico.  Her 2 bikes were half as expensive with Progressive versus Geico.  Mine was reversed.  You have to shop around.

Sadly, what you or I pay is completely, wholly and summarily irrelevant. Insurance has absolutely zero viability between states, regions, companies and a host of other factors. I hate it. My insurance is ~60% higher living here in Delaware than I paid living in PA, 10 miles away, with the same company and coverage. Switched companies, it's cheaper. The new company is roughly 150% higher over the line in PA. There is no consistency at all. Which sucks. If there's one thing I'd like to see the federal government really do to make a difference for real people living real lives is to standardize the whole god damned driver thing. We don't even have consistent rules, so I guess insurance being such a cluster-intercourse is no real surprise. :shrug:

States rights, FTW

Must be that 433rd amendment protecting the states' rights to individually fleece the citizens as best seen fit.
this signature on hold pending review

Online Black Hills

  • Member
  • Location: Rapid CIty, SD
  • Posts: 3533
  • Motorcycles: KTM 1290 Adventure R, KTM300xcw, 1290 SuperDuke
Re: WTF? Insuranse Rate Increase
« Reply #21 on: January 07, 2014, 11:11:31 AM »
apparently there is something to how long you have been with the company, more specifically how long each individual policy has been with the company? when insuring my new bike and cancelling two of my old policies the agent made a big deal out of cancelling the policy I had for 8 years and transferring the policy I had for 22 years? he said it would make a difference in the premium?
the above are merely the ramblings of a hamfisted fuckwit who has broken too many helmets.

Offline marc11

  • Member
  • Location: Orange County, NY
  • Posts: 550
Re: WTF? Insuranse Rate Increase
« Reply #22 on: January 07, 2014, 11:14:29 AM »
A friend of mine who owns an Allstate agency said that Agents get paid the most on new policies, so they are pushed to bring in new business as much as possible.  I am not sure if they are paid a commission on renewals.

When I switch my motorcycle policy from Allstate to Progressive it made no difference, my rates dropped from $500+ per year to $120 per year.  Allstate who only ever increased my premium year over year was a joke.  Progressive, not only had better rates for 100% the same coverage, but also has dropped my rates by an average of 10% each year at renewal the last three years.

Just switched my car insurance from Allstate for the same reason, ever raising premiums despite the fact that we have no losses, no new cars and no tickets.  Switched to another carrier, actually increased my coverage, dropped my deductible and still lowered my insurance by 25% per year.

IMHO it pays to place the insurance game and shop around.
2014 R1200RT
2002 XR400

Offline Royal Tiger

  • Member
  • Location: Lehigh Valley, PA
  • Posts: 573
  • Deutsche Rüstungs-Abteilung
  • Motorcycles: See Signature
Re: WTF? Insuranse Rate Increase
« Reply #23 on: January 07, 2014, 12:15:52 PM »
I agree with you Chris.  There is no logical standard.  Geico was cheapest for me and extremely high for her.  And using credit scores?  Just another way to rape consumers.  My buddy lived on City Line Ave in Philly years ago.  He was in Upper Darby in Bucks County.  Across the street was Philadelphia City and insurance was over twice as high.  Across the street! 
~Dan

2013 Yamaha XT250 * 2012 Kawasaki Ninja 250 * 2007 BMW G650X XChallenge * 2005 BMW R1200ST * 2003 Yamaha PW80

Offline chornbe

  • Contributor
  • Member
  • Location: Wilmington, Delaware
  • Posts: 6976
    • The Pace Motorcycle Podcast
  • Motorcycles: Honda DN-01
Re: WTF? Insuranse Rate Increase
« Reply #24 on: January 07, 2014, 12:19:59 PM »
I hope to one day be rich enough to self-insure.

BWAHAHAHAHAHAAHHAHAHAHA like that'll ever happen.
this signature on hold pending review

Offline motormike

  • Member
  • Location: Mpls, MN
  • Posts: 683
  • Motorcycles: 2007 VFR800 ABS, 2001 VFR800
Re: WTF? Insuranse Rate Increase
« Reply #25 on: January 07, 2014, 12:29:20 PM »
Bring More Wallet.   :)

Offline marc11

  • Member
  • Location: Orange County, NY
  • Posts: 550
Re: WTF? Insuranse Rate Increase
« Reply #26 on: January 07, 2014, 12:38:50 PM »
I agree with you Chris.  There is no logical standard.  Geico was cheapest for me and extremely high for her.  And using credit scores?  Just another way to rape consumers.  My buddy lived on City Line Ave in Philly years ago.  He was in Upper Darby in Bucks County.  Across the street was Philadelphia City and insurance was over twice as high.  Across the street!

But that makes sense.  The insurance companies are all about risk rating (I work in the risk management and insurance industry at a corporate level), so Philadelphia city proper would be a higher risk area than say Bucks County and there HAS to be a clear defining line between the two, at some point, that is a building or street.  That is no different then an office we have in NJ that is right on the border of NY, you drive down the street and two gas stations are right next to each other, but the one in NY is 25 cents more expensive....why???  NY Taxes, no way for the gas station to avoid that, it is what it is, the border happens to be the property line.

Insurance in this case is no different.  A high accident and crime area with higher population density will carry a higher risk, there must be boundaries to those zones, you just happen to be on the edge of one.
2014 R1200RT
2002 XR400

Offline bluepoof

  • Member
  • Location: San Carlos, CA
  • Posts: 643
    • bluepoof.com
  • Motorcycles: 2007 Kawasaki Ninja 250
Re: WTF? Insuranse Rate Increase
« Reply #27 on: January 07, 2014, 01:23:06 PM »
It seems a lot of insurance just looks at displacement, too, so a 700cc is going to be a lot more than a 250cc.  Peter's 1000cc bike is by *far* our most expensive to insure even though it's the oldest (1998) and crappiest.

Offline motormike

  • Member
  • Location: Mpls, MN
  • Posts: 683
  • Motorcycles: 2007 VFR800 ABS, 2001 VFR800
Re: WTF? Insuranse Rate Increase
« Reply #28 on: January 07, 2014, 02:00:16 PM »
Check out Dairyland Insurance.  I have three bikes insured for less than you paid to insure that fancy BMW.


https://www.dairylandinsurance.com/motorcycle-insurance


Online Cablebandit

  • Contributor
  • Member
  • Location: Stormshire
  • Posts: 4979
  • Pig Pilot
    • https://www.facebook.com/TheCablebandits
  • Motorcycles: A Blue One
Re: WTF? Insuranse Rate Increase
« Reply #29 on: January 07, 2014, 02:03:24 PM »
I have three bikes insured for less than you paid to insure that fancy BMW.


https://www.dairylandinsurance.com/motorcycle-insurance

Unless you are FJR1300's sockpuppet this means nothing.

Offline motormike

  • Member
  • Location: Mpls, MN
  • Posts: 683
  • Motorcycles: 2007 VFR800 ABS, 2001 VFR800
Re: WTF? Insuranse Rate Increase
« Reply #30 on: January 07, 2014, 02:04:15 PM »
Unless you are FJR1300's sockpuppet this means nothing.

It means check around, and check Dairyland as one soure.  Or not.  Fuck if I care.

Offline FJR1300

  • Administrator
  • Member
  • Location: Jefferson City, MO
  • Posts: 1190
  • Motorcycles: None
Re: WTF? Insuranse Rate Increase
« Reply #31 on: January 07, 2014, 02:17:14 PM »
Check out Dairyland Insurance.  I have three bikes insured for less than you paid to insure that fancy BMW.
https://www.dairylandinsurance.com/motorcycle-insurance

I'm getting prices all over the board. The best two so far are from American Family and Geico.

Offline Justin

  • Member
  • Location:
  • Posts: 392
  • Hi, I'm Phteven
  • Motorcycles: 2008 Hayabusa - 2004 FJR
Re: WTF? Insuranse Rate Increase
« Reply #32 on: January 07, 2014, 02:32:16 PM »
Check out Dairyland Insurance.  I have three bikes insured for less than you paid to insure that fancy BMW.
https://www.dairylandinsurance.com/motorcycle-insurance

I'm getting prices all over the board. The best two so far are from American Family and Geico.

Make sure to check State Farm as well. If you have your cars with SF you also get the better rate class.
FAST: 2004 "Silver Bullet" FJR1300 - FASTER: 2008 Touring/Endurance Hayabusa
Led Rider LED Motorcycle Aux Lights - Use discount code "STO15"

Offline chornbe

  • Contributor
  • Member
  • Location: Wilmington, Delaware
  • Posts: 6976
    • The Pace Motorcycle Podcast
  • Motorcycles: Honda DN-01
Re: WTF? Insuranse Rate Increase
« Reply #33 on: January 07, 2014, 02:38:42 PM »
Check out Dairyland Insurance.  I have three bikes insured for less than you paid to insure that fancy BMW.
https://www.dairylandinsurance.com/motorcycle-insurance

I'm getting prices all over the board. The best two so far are from American Family and Geico.

FWIW, I'm with Rider (.com). They beat Progressive by a fair margin; Liz has Progressive and we've got Progressive for the car.
this signature on hold pending review

Online Cablebandit

  • Contributor
  • Member
  • Location: Stormshire
  • Posts: 4979
  • Pig Pilot
    • https://www.facebook.com/TheCablebandits
  • Motorcycles: A Blue One
Re: WTF? Insuranse Rate Increase
« Reply #34 on: January 07, 2014, 02:44:50 PM »
Well now that it's a "try my guy" thread.

I've had Markel Ins (formerly Bikeline)for years.  They absolutely destroyed everyone else price and service wise around here.  Of course I'm an old, fat, slow, homeowner with impeccable credit scores living in a low population density area with essentially no crime.

http://markelinsuresfun.com/

Offline Royal Tiger

  • Member
  • Location: Lehigh Valley, PA
  • Posts: 573
  • Deutsche Rüstungs-Abteilung
  • Motorcycles: See Signature
Re: WTF? Insuranse Rate Increase
« Reply #35 on: January 07, 2014, 02:55:48 PM »
I keep getting referred to USAA.  I'll have to look into them at some point.
~Dan

2013 Yamaha XT250 * 2012 Kawasaki Ninja 250 * 2007 BMW G650X XChallenge * 2005 BMW R1200ST * 2003 Yamaha PW80

Offline giaka

  • Contributor
  • Member
  • Location: So Cal in the town of Wild-O-Mar
  • Posts: 1043
  • I am member # 12
  • Motorcycles: Versys 650 Adventure
Re: WTF? Insuranse Rate Increase
« Reply #36 on: January 07, 2014, 03:20:26 PM »
I keep getting referred to USAA.  I'll have to look into them at some point.

Thats what I have always had. Not the cheapest by a long shot but they have always been good to me and done whats right when needed. Hell they paid me to crash my CBR and paid off the bike and let me keep it.   ;) 

Oh and you get a dividend check every year. Its kind of a nice surprise.
I don't know how to act my age, I have never been this old before.........
MR MOJO RISIN unscrambled spells JIM MORRISON

                                      -

Offline FJR1300

  • Administrator
  • Member
  • Location: Jefferson City, MO
  • Posts: 1190
  • Motorcycles: None
Re: WTF? Insuranse Rate Increase
« Reply #37 on: January 07, 2014, 04:16:52 PM »
We had USAA and left them about ten years ago because they wanted us to have a special addendum added to our policy because whe had a Husky.

Online Cablebandit

  • Contributor
  • Member
  • Location: Stormshire
  • Posts: 4979
  • Pig Pilot
    • https://www.facebook.com/TheCablebandits
  • Motorcycles: A Blue One
Re: WTF? Insuranse Rate Increase
« Reply #38 on: January 07, 2014, 04:18:20 PM »
Should have gotten a Husaberg instead of the Husky.   ;D

Online Dketchum

  • Member
  • Location: San Antonio, TX
  • Posts: 51
  • Motorcycles: 2016 Versys 1000
Re: WTF? Insuranse Rate Increase
« Reply #39 on: January 07, 2014, 06:01:45 PM »
Insurance rates vary so much by where you live.

Down here in San Antonio, liability is very reasonable.  If you want uninsured and underinsured coverage -bend over..due to the high percentage of uninsured drivers here, that Coverage is very expensive, but you have to have it due to high percentage of uninsured drivers.  comprehensive and collision are considerable higher here. Doesn't matter who you quote they are all high here..I have progressive because theyare the most reasonable for the coverage here.

Offline 2RR2NV

  • Member
  • Location: Box Elder, SD but working in Gillette, WY
  • Posts: 762
  • if you gotta go, go with a smile!!
  • Motorcycles: 2012 ZX-14R "the Flaming Hulk"
Re: WTF? Insuranse Rate Increase
« Reply #40 on: January 07, 2014, 06:31:25 PM »
WOW. when I was inquiring about the 14R, down in MO, with Progressive, I was going from $1000+ /yr (for the GSXR750) down to 800/yr.  Now that I'm back in South Dakota, it would have been about the same. BUUUUUUT, I called GEICO and they went down to $36/month. so now I'm a gecko groupie with more coverage than I had in MO with Prog. State Farm won't even think about coming close to what I pay now. $2000/yr is a lil much.

previous rides: 2011 GSXR750, 2007 FJR1300, 2004 GSXR750, 2002 Busa, 2002 VFR800, 1992 Honda Nighthawk CB750

Offline kneescrubber

  • Contributor
  • Member
  • Location: Neither here nor there
  • Posts: 10479
  • Nothing beats good line of sight
  • Motorcycles: 1999 VFR
Re: WTF? Insuranse Rate Increase
« Reply #41 on: January 07, 2014, 06:37:23 PM »
Insurance never enters my mind when I'm contemplating a purchase. Maybe it should, since it's third in line behind death and taxes.
Do not go where the path may lead, go instead where there is no path and leave a trail.

Ralph Waldo Emerson

Offline I'm NOT Carl

  • Member
  • Location: Nederland, CO
  • Posts: 2357
  • Weirdo Freak
  • Motorcycles: 2013 Kawasaki Concours, 2002 Suzuki Hayabusa, 1989 Honda Transalp
Re: WTF? Insuranse Rate Increase
« Reply #42 on: January 08, 2014, 08:14:19 AM »
Yea, it depends. I have the house, truck, and two motorcycles on State Farm and the Hayabusa's rate is $168 a year. The truck is $276 and the Transalp is $35.

Carl
visitors can't see pics , please register or login
 No matter where you go, there you are.

Offline chornbe

  • Contributor
  • Member
  • Location: Wilmington, Delaware
  • Posts: 6976
    • The Pace Motorcycle Podcast
  • Motorcycles: Honda DN-01
Re: WTF? Insuranse Rate Increase
« Reply #43 on: January 08, 2014, 08:47:43 AM »
Yea, it depends. I have the house, truck, and two motorcycles on State Farm and the Hayabusa's rate is $168 a year. The truck is $276 and the Transalp is $35.

Carl

Just to highlight the lunacy...

State Farm was the cheapest for me when I was in Chester County, PA... I believe it was about $275 for the bikes, each... Moved to Delaware and it went up to about $1000 for the bike. An SV650 standard.  :facepalm: At the time in PA, Progressive wanted about $800 for the SV. Here in Delaware they want about $400. Rider.com gets me covered for about $190... in PA Rider.com wasn't remotely competitive with State Farm.

Lunacy. Lunacy and bullshit.
this signature on hold pending review

Offline PatM

  • Contributor
  • Member
  • Location: Canada eh!
  • Posts: 1770
  • Motorcycles: 2016 BMW R1200RT
Re: WTF? Insuranse Rate Increase
« Reply #44 on: January 08, 2014, 10:07:36 AM »
Yea, it depends. I have the house, truck, and two motorcycles on State Farm and the Hayabusa's rate is $168 a year. The truck is $276 and the Transalp is $35.

Carl

Just to highlight the lunacy...

State Farm was the cheapest for me when I was in Chester County, PA... I believe it was about $275 for the bikes, each... Moved to Delaware and it went up to about $1000 for the bike. An SV650 standard.  :facepalm: At the time in PA, Progressive wanted about $800 for the SV. Here in Delaware they want about $400. Rider.com gets me covered for about $190... in PA Rider.com wasn't remotely competitive with State Farm.

Lunacy. Lunacy and bullshit.
Insurance is a numbers game. They evaluate (bet) the risk based on their "experience". Different insurers have different "experiences". That said "experience" is based on a bunch of numbers that include claims (they have) in the area, vehicle brand, model, type, is it financed, who you are, your driver record, etc.
As someone said earlier, you can't compare yourself with someone else. You can't compare what it cost you, ten miles away. The only thing you can do is shop around, compare coverage and have the insurers compete for your business.
Ride safe!

Offline chornbe

  • Contributor
  • Member
  • Location: Wilmington, Delaware
  • Posts: 6976
    • The Pace Motorcycle Podcast
  • Motorcycles: Honda DN-01
Re: WTF? Insuranse Rate Increase
« Reply #45 on: January 08, 2014, 10:14:52 AM »
Insurance is a numbers game. They evaluate (bet) the risk based on their "experience". Different insurers have different "experiences". That said "experience" is based on a bunch of numbers that include claims (they have) in the area, vehicle brand, model, type, is it financed, who you are, your driver record, etc.
As someone said earlier, you can't compare yourself with someone else. You can't compare what it cost you, ten miles away. The only thing you can do is shop around, compare coverage and have the insurers compete for your business.

Yeah, that was me who said that.

I'm simply highlighting why all these insurance discussions are a waste of time with all the "you should go with this company because they saved me lots even though you're on one coast and I'm on another."
this signature on hold pending review

Offline Royal Tiger

  • Member
  • Location: Lehigh Valley, PA
  • Posts: 573
  • Deutsche Rüstungs-Abteilung
  • Motorcycles: See Signature
Re: WTF? Insuranse Rate Increase
« Reply #46 on: January 08, 2014, 02:45:30 PM »
Insurance is a numbers game. They evaluate (bet) the risk based on their "experience". Different insurers have different "experiences". That said "experience" is based on a bunch of numbers that include claims (they have) in the area, vehicle brand, model, type, is it financed, who you are, your driver record, etc.
As someone said earlier, you can't compare yourself with someone else. You can't compare what it cost you, ten miles away. The only thing you can do is shop around, compare coverage and have the insurers compete for your business.

Yeah, that was me who said that.

I'm simply highlighting why all these insurance discussions are a waste of time with all the "you should go with this company because they saved me lots even though you're on one coast and I'm on another."

I pointed out that 4 bikes in the same house on 2 policies are vastly different with the same company.  None of it makes any sense.  And the credit score nonsense is borderline criminal.
~Dan

2013 Yamaha XT250 * 2012 Kawasaki Ninja 250 * 2007 BMW G650X XChallenge * 2005 BMW R1200ST * 2003 Yamaha PW80

Offline chornbe

  • Contributor
  • Member
  • Location: Wilmington, Delaware
  • Posts: 6976
    • The Pace Motorcycle Podcast
  • Motorcycles: Honda DN-01
Re: WTF? Insuranse Rate Increase
« Reply #47 on: January 08, 2014, 02:47:40 PM »
None of it makes any sense.  And the credit score nonsense is borderline criminal.

+1

Employers using credit scores to factor into hiring and retention policies, too.

I work in the financial world, and thanks to my ex, my credit score is now ~500... I don't know what's going to  happen if I lose my job, or even if I might lose my job *because* of it.  :thumbsdown:
this signature on hold pending review

Online Black Hills

  • Member
  • Location: Rapid CIty, SD
  • Posts: 3533
  • Motorcycles: KTM 1290 Adventure R, KTM300xcw, 1290 SuperDuke
Re: WTF? Insuranse Rate Increase
« Reply #48 on: January 08, 2014, 03:35:46 PM »
None of it makes any sense.  And the credit score nonsense is borderline criminal.

+1

Employers using credit scores to factor into hiring and retention policies, too.

I work in the financial world, and thanks to my ex, my credit score is now ~500... I don't know what's going to  happen if I lose my job, or even if I might lose my job *because* of it.  :thumbsdown:

credit scores are a pretty good indicator of responsibility on average* a poor credit score in a business with bribery/embezzlement risk is a huge red flag.
the above are merely the ramblings of a hamfisted fuckwit who has broken too many helmets.

Offline Royal Tiger

  • Member
  • Location: Lehigh Valley, PA
  • Posts: 573
  • Deutsche Rüstungs-Abteilung
  • Motorcycles: See Signature
Re: WTF? Insuranse Rate Increase
« Reply #49 on: January 08, 2014, 04:19:20 PM »
None of it makes any sense.  And the credit score nonsense is borderline criminal.

+1

Employers using credit scores to factor into hiring and retention policies, too.

I work in the financial world, and thanks to my ex, my credit score is now ~500... I don't know what's going to  happen if I lose my job, or even if I might lose my job *because* of it.  :thumbsdown:

credit scores are a pretty good indicator of responsibility on average* a poor credit score in a business with bribery/embezzlement risk is a huge red flag.

I read a piece defending using credit scores for auto insurance, written by the insurance PAC of course.  They claim people with low credit scores are more likely to file a claim then someone with a higher score.  They had a small data pool as the "evidence" to their claim.  Since driving ability is ALLEGEDLY the #1 factor in determining insurance risk in automobiles, one would think that would matter.  So Chris and I have had external events cause a drop in our credit scores that HAVE nothing to do with driving ability, yet are penalized for it.  I teach EVOC and can guarantee that I can drive circles around most of you in real world driving, yet I pay more.  If they determined non-whites have a higher rate of crashes, would that come into play?  Here is an ACTUAL event that causes financial loss, yet they would be BANNED from the practice by federal law.  Using credit scores is a way to LEGALLY rape otherwise good drivers (and some poor ones statistically accepted values) to make money.  Plain and simple.
~Dan

2013 Yamaha XT250 * 2012 Kawasaki Ninja 250 * 2007 BMW G650X XChallenge * 2005 BMW R1200ST * 2003 Yamaha PW80