ReconRat Posted October 13, 2010 Report Share Posted October 13, 2010 (edited) Massachusetts state courts have discovered that motorcycle insurance companies don't depreciate the value of the vehicle over the term of the policy, for motorcycles.Which means they continue to charge the motorcycle owner as if the motorcycle was still worth what was originally paid for it. Note that they probable wouldn't give you that much in a payoff.Be sure to ask your insurer, how much the policy is insuring for in total.The Patriot LedgerFive more insurers settle motorcycle overcharge casesMotorcyclists to be reimbursed for more than $12 million in overchargesBy Jon Chesto The Patriot Ledger Posted Oct 13, 2010 @ 03:52 AM BOSTON — The refunds continue to roll in for motorcycle riders now that Attorney General Martha Coakley’s office has reached settlements with five additional insurance companies to collectively reimburse their customers for more than $12 million in overcharges... More articleshttp://www.boston.com/news/local/breaking_news/2010/10/mass_bikers_to.htmlhttp://www.insurancejournal.com/news/east/2010/10/12/113977.htm Edited October 17, 2010 by ReconRat Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted October 13, 2010 Report Share Posted October 13, 2010 My ZX14 just got a 24% raise this month because of the State Farm statistics of claims on my bike this year. Nobody buy the 14 please! Let me have my very low rates instead! Quote Link to comment Share on other sites More sharing options...
wht_scorpion Posted October 13, 2010 Report Share Posted October 13, 2010 full coverage for my busa paying a 1000.00 a years. Ive been ride motorcycles for about 25 years. BS on how much they charge you for ins. Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted October 13, 2010 Report Share Posted October 13, 2010 I'm 33 and they just raised my premium with $100 deductible to $681/yr! I was paying $518/yr. Quote Link to comment Share on other sites More sharing options...
wht_scorpion Posted October 13, 2010 Report Share Posted October 13, 2010 Tehy say they judge the rate by how many people get killed on the bikes zx14 and the busa are high death rate and the year helps to Quote Link to comment Share on other sites More sharing options...
r1crusher Posted October 13, 2010 Report Share Posted October 13, 2010 $453/ yr. for mine and it's not changing...with S.F. Doesn't matter to me either way. If it goes up, I'll turn it into a track only bike and use the money I'd of normally spent for ins. and do a bunch of track days each year. Quote Link to comment Share on other sites More sharing options...
ReconRat Posted October 13, 2010 Author Report Share Posted October 13, 2010 My second bike was only 20 bucks a year... Quote Link to comment Share on other sites More sharing options...
BadTrainDriver Posted October 13, 2010 Report Share Posted October 13, 2010 Damn you fools are getting SCREWED!!!(or you have really bad driving records)I'm 37, married, clean record for over ten years, 750+ credit score, own my home, and my 2010 Kawasaki Concours14 ABS cost me $147 per year($500 ded.) with Progressive.You gotta shop around!!!BTD. Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted October 14, 2010 Report Share Posted October 14, 2010 Progressive are rape artist in around here for bikes. They are insane to have from the quotes they've given me in the past and others. I have a clean record as well and bundled with State Farm. Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted October 14, 2010 Report Share Posted October 14, 2010 They say they judge the rate by how many people get killed on the bikes zx14 and the busa are high death rate and the year helps toYou think those 2 bikes have a high death rate? I always thought the liter bikes would have the most probably. Quote Link to comment Share on other sites More sharing options...
JaSSon Posted October 14, 2010 Report Share Posted October 14, 2010 Get a cruiser. My warrior is ~$270 a year for full coverage with a $250 deductible. My 636 was twice that much. Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted October 14, 2010 Report Share Posted October 14, 2010 I know someday maybe a VROD built with NOS for cheap insurance, of course I'll still have my 14 for backroad mayhem. Quote Link to comment Share on other sites More sharing options...
conn-e-rot Posted October 14, 2010 Report Share Posted October 14, 2010 $486/yr $50 comp/$250 coll per year GEICO.... it dropped this year from $607 1 Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted October 14, 2010 Report Share Posted October 14, 2010 WTF Mr. conn-e-rot! '07's are doing good and '08's are getting insurance hikes? Quote Link to comment Share on other sites More sharing options...
conn-e-rot Posted October 14, 2010 Report Share Posted October 14, 2010 I was surprised when I got the renewal bill.... Quote Link to comment Share on other sites More sharing options...
scottie.harris Posted October 14, 2010 Report Share Posted October 14, 2010 mines pretty good then, im 19 and pay 300 a year for my katana and they said if i got a busa i would be paying around 500 a year for it. Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted October 14, 2010 Report Share Posted October 14, 2010 After how much people wreck on Katanas in Coshocton, they should be crazy expensive on insurance. Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted October 14, 2010 Report Share Posted October 14, 2010 Wait! 19yr old paying $500/year for a Busa? Something is strange there. The person that quoted that did something wrong. Quote Link to comment Share on other sites More sharing options...
kneedraggin Posted October 15, 2010 Report Share Posted October 15, 2010 He said Katana, not Busa lol!I pay $250/year for my ZX10R with MASSIVE amounts of coverage through SF - but I'm an old fart, married, kids, mortgage and such.You guys shouldn't complain - in CA you be paying per MONTH what you are currently paying per year... Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted October 15, 2010 Report Share Posted October 15, 2010 He said Katana, not Busa lol!..No, he said BUSA. Check out his post below. I was correct in my post. mines pretty good then, im 19 and pay 300 a year for my katana and they said if i got a busa i would be paying around 500 a year for it. Quote Link to comment Share on other sites More sharing options...
kneedraggin Posted October 15, 2010 Report Share Posted October 15, 2010 No, he said BUSA. Check out his post below. I was correct in my post. Doh! I misread it lol! You are quite correct sir! Quote Link to comment Share on other sites More sharing options...
scottie.harris Posted October 15, 2010 Report Share Posted October 15, 2010 no thats correct on a busa, i said the same thing you did. I had them triple check it and their boss checked it and said the same thing, around 500 a month. i have a perfect record and low rates. (btw these rates are full coverage with good coverage).I think one reason im cheaper is because im a "seasonal" rider, but they said i could ride anyday if i really wanted, basically im not paying for like three months or so. Quote Link to comment Share on other sites More sharing options...
NinjaNick Posted October 15, 2010 Report Share Posted October 15, 2010 Doh! I misread it lol! You are quite correct sir! I've done that many times myself in the past and will do it many more times, so I know how that goes. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.