Join Date: Dec 2010
Location: Island Lake Alberta Canada
Mentioned: 11 Post(s)
Quoted: 56 Post(s)
Insurance companies...warning possible rant material
I freaking hate insurance companies! Here I am at age 55, been riding for 41 years (legally) on the street, never had a claim or an accident, and have no citations on my abstract at all. What irks me is getting lumped into a category called "facility" (it's also where they stick non moptorcycle endorsed riders to buy insurance...yes no f***ing license at all) with all the wet behind the ears noobs and dorkwads because I ride a so called 'supersport' bike (call it an RR, a crotch rocket or whatever) so there is only one underwriter in the entire country that will touch it. Exhorbitantly so I might ad.
Case in point: my other bike...a 2009 GL18000 Goldwing, fully decked as what you in the States would call a level 4 (all the bells and whistles). PL/PD, fire & theft, comprehensive, and collision. Paid new $27k CDN. Premium $600 annually. 2003 RC51 retail value (paid) $4500. PL/PD, fire & theft (no comp or collision). Premium $750 annually. Comp and collision would bring the premium to over $1500/year. Agent says it's 'because of the bike it is', and has nothing whatsoever to do with me, my driving record, or where I live (rural low traffic area). Funny though when it comes to my Wing, or my automobiles it has everything to do with me, my record and where I live. Because it goes down that way!
I know they can pull stats that say sport bikes (600 cc and up) have a high incidence of crashes and thefts. But those same stats also show the ridership of these incident stats are typically under 25 year old males that are single and have limited road experience and licensed time on their bikes. They also typically have multiple moving violations and/or suspensions to their credit. Not sure about how you all get treated where you live by the powers that be in the insurance game, but that really pi$$es me off! However if I wish to license and ride my RC on the road legally I pay it. I'm also looking for another insurance agent. I'll likely get penalized for not having a long term history of claim free coverages and will have to pay more on my house. But I'm fed up with being hosed (therer's way more to this that I won't bore you with about my current agent's stupid mistakes) by a company that I have been loyal to for over 25 years. It's just the last 3 years have benn inexcusable with screw ups.
Anybody else getting the shaft?
Duct tape can't fix stupid...but it sure helps muffle the sound
'03 SP2, '09 GL1800
Last edited by budoka; 06-19-2012 at 02:49 PM.