flounder Posted February 19, 2009 Report Share Posted February 19, 2009 Well the other day I got my bill for my insurance and noticed it was about $70 higher then last year so I called state farm to find out why since it wasnt listed on my bill. My agent didnt know why either so she called the underwriters for an explanation and then called me back. It turns out that State Farm revamped their entire motorcycle policy rating structure for the coming year to get more in line with the other insurance companies out there. For any policy that renews after March 2, expect to see an increase in your premium. She told me that the underwriters told her that they are expecting massive calls as some policies will double or even triple. Just an FYI, I thought you would all like to know. Quote Link to comment Share on other sites More sharing options...
SchmuckGirl Posted February 19, 2009 Report Share Posted February 19, 2009 Great, guess I'll be seeing an increase as well Quote Link to comment Share on other sites More sharing options...
cbrjess0815 Posted February 19, 2009 Report Share Posted February 19, 2009 I hope Geico doesn't do this too.. That sucks! Quote Link to comment Share on other sites More sharing options...
jarvismb Posted February 19, 2009 Report Share Posted February 19, 2009 if this happens to my policy, I'm out. They're losing the whole package, two cars, a bike, and a homeowner's policy.... Quote Link to comment Share on other sites More sharing options...
CbrGirl Posted February 19, 2009 Report Share Posted February 19, 2009 I hope Geico doesn't do this too.. That sucks!At least we'll paid up for the next 6 months! Quote Link to comment Share on other sites More sharing options...
Artmageddon Posted February 19, 2009 Report Share Posted February 19, 2009 That bites, I have State Farm. Quote Link to comment Share on other sites More sharing options...
kawi kid Posted February 19, 2009 Report Share Posted February 19, 2009 hooray for allstate Quote Link to comment Share on other sites More sharing options...
Big Green Valley Posted February 19, 2009 Report Share Posted February 19, 2009 (edited) if this happens to my policy, I'm out. They're losing the whole package, two cars, a bike, and a homeowner's policy....I have been with State Farm for close to 12 years. 3 cars, 2 motorcycles, home and life. I'll wait until I get the bill and then do some comparative shopping before I decide to say goodbye. That company and my agent have been great to deal with, so I'll still give them a fair chance to be competitive. Edited February 19, 2009 by Big Green Valley Quote Link to comment Share on other sites More sharing options...
RR_MIKE Posted February 19, 2009 Report Share Posted February 19, 2009 if this happens to my policy, I'm out. They're losing the whole package, two cars, a bike, and a homeowner's policy....+1 on that... a truck, bike and house here too... Quote Link to comment Share on other sites More sharing options...
SJC1000rr Posted February 19, 2009 Report Share Posted February 19, 2009 Bleh, I'm paid up until Septermber on the bike...but I know I am going to eat it with the claim from last August. Quote Link to comment Share on other sites More sharing options...
Harb67 Posted February 19, 2009 Report Share Posted February 19, 2009 Ohhhh noooo, 70 dollars!It must really suck to be a 21 year old who pays well over 90 a month for a bike that's not even a supersport eh?Quit yer bitchin' ya old 100$/year-insurance-paying fogies Quote Link to comment Share on other sites More sharing options...
V4junkie Posted February 19, 2009 Report Share Posted February 19, 2009 (edited) AMEN! I pay just over $190 a month for my car and bike together! Edited February 19, 2009 by V4junkie Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted February 19, 2009 Report Share Posted February 19, 2009 Mine didn't raise. I still pay $26/month full coverage with $100 deductibles. Quote Link to comment Share on other sites More sharing options...
V4junkie Posted February 19, 2009 Report Share Posted February 19, 2009 Quote Link to comment Share on other sites More sharing options...
Harb67 Posted February 19, 2009 Report Share Posted February 19, 2009 Mine didn't raise. I still pay $26/month full coverage with $100 deductibles. I'm going to come to your house and poop on you for paying that little for a freakin' ZX-14 Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted February 19, 2009 Report Share Posted February 19, 2009 (edited) I use to get raped before, trust me. I paid my dues..lolI remember paying $200-$250/month for insurance with Progressive before I got married and State Farm accepted me. They wouldn't back then though because of my points on my record. It sucked! Once I got below 2 tickets on my record though they accepted me. Then marriage took it down with automobile and home coverage combined. You'll get there someday. It's all uphill from here man. Edited February 19, 2009 by NinjaNick Quote Link to comment Share on other sites More sharing options...
Zorro Posted February 19, 2009 Report Share Posted February 19, 2009 An underwriter told me to "suspend" my insurance during off months to save money. I'm not sure what this means...but they acted as if this was insider information. Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted February 19, 2009 Report Share Posted February 19, 2009 As long as it doesn't get stolen during that time. Quote Link to comment Share on other sites More sharing options...
that dude Posted February 19, 2009 Report Share Posted February 19, 2009 great state farmer here as well Quote Link to comment Share on other sites More sharing options...
Harb67 Posted February 19, 2009 Report Share Posted February 19, 2009 An underwriter told me to "suspend" my insurance during off months to save money. I'm not sure what this means...but they acted as if this was insider information.You can call your insurance company and change coverages whenever you want typically. As soon as my bike hits the garage for the winter, I call Progressive and drop all coverage except for comprehensive, just in case the garage is robbed or explodes or something. By doing that, I go from paying ~90/month to 20/month, and I technically still have a policy so my rates keep going down each year the policy is renewed. I save a decent amount of money this way; it's probably what the underwriter meant. Quote Link to comment Share on other sites More sharing options...
Catman Posted February 19, 2009 Report Share Posted February 19, 2009 My insureance did the same thing last year so I took it off my home and car and got the bike seperate through progressive and saved alot of loot. Quote Link to comment Share on other sites More sharing options...
DarkDuc Posted February 19, 2009 Report Share Posted February 19, 2009 My SF agent told me they take winter into consideration for full year bike coverage and that the decrease for winter(and lack of riding) is spread across the payment schedule. Besides you never know when the urge to ride might hit. At $36/mo for a superbike I keep it all year(and that's after a previous totaled bike paid for by them). Although a bike, two cars, and house may have something to do with it to Quote Link to comment Share on other sites More sharing options...
brennan Posted February 19, 2009 Report Share Posted February 19, 2009 hooray for allstate x2 Quote Link to comment Share on other sites More sharing options...
SJC1000rr Posted February 19, 2009 Report Share Posted February 19, 2009 I was doing the dropped/lowered coverage with Progressive for 4 years. It was costing me around 600-800/yr even with doing this, and SF only wanted $586 for the full year coverage. I switched to SF because of that, I didn't have to call to change my coverage for a day if I wanted to go out, and it was a combo discount when I rolled my truck and house into it. Quote Link to comment Share on other sites More sharing options...
flounder Posted February 19, 2009 Author Report Share Posted February 19, 2009 Ohhhh noooo, 70 dollars!It must really suck to be a 21 year old who pays well over 90 a month for a bike that's not even a supersport eh?Quit yer bitchin' ya old 100$/year-insurance-paying fogies It went up $70 from last year. I am now paying $435/year for full coverage. If ya buy a bike when your 21, expect the high rates. Im not really bitching moreso as letting everyone know to expect higher rates. Quote Link to comment Share on other sites More sharing options...
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