| Author | Message | ||
     S1w98buell |
Progressive just sent me a bill for $1300.00. An annual premium for my S1W. I called them and the nice girl said that it was an increase of doing business with that type of Street/Sport bike in Virginia. For years now I have paid 250-300 dollars a year with Progressive and never so much as one ticket. Who does everyone else use? Thanks | ||
| Roc |
I'm about half that much with State Farm. | ||
| Socoken |
im a 21 year old kid with a lot of speeding tickets, and i pay about 500 a year through progressive, but thats just collision and theft. when i had full coverage, it was 2 grand a year. in WI we only get like 7 months of coverage. | ||
| M1combat |
Dairyland through Fernet - ~$800/YR 26, "pretty clean", 12R, full coverage, AZ | ||
| Socoken |
ild ask around john, call some other places, call some one else higher at progressive. IMO insurance companies are worse than, well, criminals. they will steal from you every chance you get. ESPECIALLY progressive. i apologize to anyone that is honest and works in insurance, i am only describing my experience and thoughts, and do not mean to imply that everyone affiliated with an insurance company is dishonest, just most of them | ||
| Buellny |
Yeah, there's a whole thread below in the XB section about Progressive raising their rates big time this year. Somehow they're doing it with a smile...gotta love the whole insurance scam. You pay and pay and pay, then one day someone runs through a red light and hits you. You're like "thank god I have full coverage"....wrong!....once the smoke settles, if you're lucky and the insurance company doesn't drop you because you became a "risk", you premium skyrockets. Makes you wish you never filed a claim, but then why are you paying for it??...a nice paradox. | ||
| Johncr250 |
I have a 2004 XB12 thru progressive in NY. I have Fullcoverage for $510/year cause i`m paying it off still. I thought that was alot! Liability Ins only is $115/yr if you don`t want collision. | ||
| Buellny |
Johncr250, Are you sleeping with someone at Progressive?…lol. I'm 30 with 0 points on my license and no accidents ever and they wanted to charge me $1400 a yr for full coverage, w/ $500 deductible, on my 2003 XB9S! At 1st they quoted me $620 a yr and I was like "ok that's good" and I paid it in full. About 3 weeks later I got my policy and a bill for $740 more! I called them and they said the XB9 class changed. I said ok and canceled the policy right then. I went back to American Modern Home Ins for $635 a yr. | ||
| Shot_gun |
In NJ I've gone to Rider Insurance Co. I'm not sure if they write insurance in VA but do some shopping. They only charge by cc size not by what type bike you ride. For me it's only $146 a year for liability. Even when I was paying full coverage it was only $573. | ||
| Koz5150 |
American Family. $450 a year, full coverage, clean record | ||
| Unibear12r |
AAA, 1 point, over the 35 age break ( is that still in affect?), full coverage, multi-vehicle. $600 a year in California. | ||
| 1313 |
I've heard of a LOT of people who's rates with Progressive doubled this past year. Mine rates have too. I don't want to tell you how much I had to pay for insurance for my 1995 S2 and '03 V-Rod because I don't like to think about it. All I can say is I can't wait until August when I can finally declare NC residency and I will definitely be going with some company other than Progressive. Maybe Progressive raised their rates to cover all of their new Television ads... 1313 | ||
| Captainkirk |
I dumped Progressive last fall when they doubled my premium (two bikes, no tickets, no accidents and no claims). Their explanation was "Statistics and Demographics." My response was "Go pound sand". Got with American Modern, better coverage (year round, instead of their BS 3 month layaway crap)for $300.00 less per year. It's time we stand up to these guys and just say no. Boycott companies like Progressive who claim to be bikers themselves and give us the "We understand you..." line of crap. There are still good companies out there that want your business. | ||
| Koz5150 |
Maybe Progressive is purposely pricing themselves out? With the number of squids on bikes it may be cheaper for them to lose customers then payoff "sportbikes" with less then 1000 miles that are getting wrecked. I would guess most guys that total bikes are guys that haven't had them that long. Hence they pay maybe a grand in premiums for a year and claim $8000 on a new Yamaha R1. Unless you are willing to pay the outragous premiums they don't care to even deal with you. Not to say that anyone who posted above is one of these people, but I think the popularity of sportbikes, and the lifted status of Buell as a serious sportbike has hurt us all. Bummer eh? | ||
| Johncr250 |
Buell NY, Unfortunately i`m not sleeping with anyone from Progressive! I`m 34, riding for 15yrs no tickets or accidents. They quoted me $2000/yr at first then said they made a mistake and i pay $510 now. Just looked at the policy, My XB12R is listed as cruiser, not a sportbike. I`m not saying a word! | ||
| Buellny |
haha...i knew something wasn't right....shhhhhh! | ||
| Newfie_buell |
Did anyone ever think that they probably had a bad year or two insuring sportbikes or whatever that Class of Business the Buells fall into!!!! Therefore "Stats and Demographics" will dictate higher rates!!!!!! Shop around, another insurer may just be having good luck with that "Stat and Demographic"!!!! They have shareholders to answer to as well who expect a profit from their investment. The problem with insurance is that the more claims (first and third party) there are the higher the rates will be. The pool of money is only so big. An insurer basically has three areas to get their money from, 1. Premium Dollar 2. Investment Income 3. Claims Costs When one of those three are effected then the rates usually increase. Around here the big problem these days is the lawyers, they will sue for absolutely nothing. Oh well, don't get me going on that topic, the fact of the matter is that investments are down, claims costs up so guess where the money in the pool has to come from "Premium Dollar" which results in higher rates for all of us. Don't Bitch and Complain - Shop Around | ||
| Blackbelt |
I think we found a soar spot for Newfie... I agree shop around... I pay under $500/year for full coverage, and i am 26... 0 tickets... | ||
| Black9 |
I'm 45 no tickets, full coverage..12r 350.00 yr, my 03 9s was 285.00 yr. thru American Family,here in Nebraska thats about the going rate...have a friend with a new Sprint ST and his runs around 300.00 a yr. also | ||
| Mr_grumpy |
Here in France, 44 yrs, no accidents, clean license, comprehensive for a '99 M2. last october I paid 462 euro, that's about 550 USD at present rates. And yes Newfies advice is the best, shop around, don't be lazy & take the renewal quote without checking what you can get elsewhere, & don't be afraid to use a bit of vague bullsh when asking for a quote, like "I'm not certain of the exact figure but I've heard lower than that, can't you do any better?" European insurance is a competitive market too, & the same principle apply, so beat them with their own stick & play them off against each other until you get the best price. When you get the lowest quote first time round go, back to the others & tell them what you've been offered and ask if they can better it oftentimes they will. Another good lever is the car & house insurance If your current insurer on these thinks you may take your business elsewhere they may do you a deal, likewise other companies may do you a deal to get your house & car as well. Use all the tools at your disposal, BUT & it's a big but, DON'T LIE TO THEM, or when you or someone else claims they'll leave you swinging in the wind. Go get em.  | ||
| Lake_bueller |
1998 S3T and 1998 S1W Insurance for both: $393/year Vitals: 36; clean record | ||
| Captainplanet |
I dumped progressive as well after they doubled my rates too. They seem to prefer half the customers at the same level of profit. | ||
| Captainkirk |
Unfortunately, as the pool of Buell owners grows, so does the claim rate. Not that I, or any other Buell owner would ever ride fast.  Also take into consideration that now more agents know what a Buell is (my M2 was classified as a "sport touring bike". Uhhhh, yeah, that's it!) An interesting sidenote; my new agent (who is also a friend) quoted me at the same price with Progressive as I had the previous year before the increase...UNTIL he typed in the VIN. Then the price doubled instantly. Seems they've figured out our little secret about the Thunderstorm motor. | ||
| Koz5150 |
Kirk, Check with a local American Family Agent. Mine is under $500 a year, full coverage in Milwaukee. The further out of the city, the cheaper the rates. | ||
| Mr_grumpy |
I don't know Progressive as they don't operate over here, but has anyone informed them what the result of their increase is going to be? If they think they're going to be on the losing end of the deal they'll change quick enough. | ||
| Grndskpr |
With the number of squids on bikes it may be cheaper for them to lose customers then payoff "sportbikes" with less then 1000 miles that are getting wrecked. This is so far from true that even HDI has admitted to the fact that the lagest group of claims are being brought by over 40 v-twin cruiser riders who have been involved in an accident that involves alchol, sorry guys most of the stunters in the area realize that insurance is pointless due to the cost and the fact they they will at some point destroy the bike, so they get whats required if any at all, plus they buy cheaper bikes that have the same abilities as the newer ones, just something to think about R | ||
| Dyna |
The insurance on my Dyna went up from $190 to $400. No tickets on my record & 41 years old. The rate for the new R1 was quoted at $1378. Still crazy but not undoable. Told my agent that when I get some free time he & I are going to arm wrestle over my rates  | ||
| Josh_ |
New FJR1300 will be $380/yr, S3T was $330/yr (StateFarm). Guess that extra 44HP accounts for the difference. 31, clean record, $500coll/$250comp. | ||
| Reepicheep |
$1378 per year for an R1? Geesh, thats like paying full retail all over again in like 7.5 years. Ouch! | ||
| Bomber |
insurance is one of the reasons that you are SOOOO much better off buying used or paying cash for a scoot . . . . .. sounds like the entire industry is getting nutso again , , , , , | ||
| Glitch |
Again?  | ||
| Bomber |
few years ago, they started raisin the rates on "sport bikes" including things like Suzi GS550s and such . . . . on the other hand, perhaps i SHOULDA written that the industry continues to go nutso, yes? | ||
| Dyna |
Try insuring aa sportbike in a few states like N.Carolina. I did an online quote for an R6 & it was insane, something like $6K per year. You read all the time the horror stories of people getting stuck with these insurance payments of $3-5K per year. insurance is one of the reasons that you are SOOOO much better off buying used or paying cash for a scoot . John, I dont exactly have $11K just laying around, plus I wanted an 04 so the only option was finance & get full coverage. Plus even if I were to pay cash I would still want full coverage in case of a get off or a rip off. Comes down to if you wanna play then you have to pay. | ||
| Glitch |
the industry continues to go nutso, yes? Yes! | ||
| Bomber |
Gregg -- me neither . . . . .. but you hit the nail on the head, sir Comes down to if you wanna play then you have to pay. | ||
| Mr_grumpy |
But don't pay more than you have to! Use all the levers you can to drive them down. By the way Dyna I also have a lovely wife who surprises me sometimes with special gifts, only difference is, she uses my money! | ||
| Outrider |
Bomber...You understated the insurance industry position from roughly 15 years ago. The major carriers dropped sport bikes all together and raised the rates significantly on the other types. Not to mention, their definition of a sport bike included almost everything except luxo tourers and cruisers. Geico was the worst and was followed by State Farm and many other big names. The good thing about the situation was that Progressive, Dairyland, McGraw and a number of others picked up the slack and made more affordable, but still quite expensive, full coverage available. The long term effect has really never gone away, except that now we can get decent rates from most carriers. And the days of $6,000 annual rates for a Honda 600 sport bike are a thing of the past unless you are a high risk person and not just a stereotype. As Roger pointed out, many went to used bikes that they paid cash for and purchased Liability Only insurance. I was part of this group until I bought the Buell and State Farm gave me a package deal that included full coverage, medical and qualified for my umbrella liability coverage. Bottom line...With today's rates, I would be a fool not to carry full coverage. Just the experience and opinion of an old guy. YMMV |
