Avoid Progressive Insurance with the Spyder

[dguisinger]

And in general actually

Here's the summary, I bought my Spyder RS-S, so I needed insurance immediately upon purchasing and called progressive since they insure my car. They wanted to charge me $107 per month ($1200/yr!!!) for the recommended plan, I upped the deductibles as far as possible to get the rate down to $87 per month.

They explained to me on the phone it was no commitment, I could switch if I found something lower.

The next day after getting the Spyder home, I finally had a chance to follow up with others:
Nationwide gave me a quote of $43/mo and American Family gave me a quote of $36/mo.

I switched, Progressive kept over $100 for 2-days of coverage citing the policy is to refund 90%... so basically, Progressive fraudulently gave me a rate 300% of the competition, fraudulently told me I could cancel immediately with no penalty, and is hiding behind their policy to steal money that shouldn't have been theirs. I have now cancelled my car insurance with them as I will not deal with an unethical company. And I want to make sure this story goes wide and far...

 

[MMcc]

AmFam insurance

Have been with American Family Insurance for many years. Best price quoted for all my bikes. Now sold all the other bikes as I was only using the spyder. Can't beat their price and service.

 

[jvicker]

I have Progressive and pay $30 a month. :dontknow:

 

[dguisinger]

I have Progressive and pay $30 a month. :dontknow:

Really?? Thats even worse that they stuck me with that rate and then refused to refund it.
Fraud is the only word I can use to describe it

 

[BLUEKNIGHT911]

PROGRESSIVE RIP-OFF

Does your State have a dept. called Banking and Insurance ...if so contact them and advise what happened to you or the Attorney General's office that's what you pay TAXES for......Mike...:agree:

 

[ArmySpyder]

Believe it or not Geico was the cheapest for me at 67 a month. Im 29, have no wrecks, or tickets, but it was the cheapest by far and they give you a 70% discount during the winter. They are pretty awesome so far. Thats with a 1000 deductible.

 

[dguisinger]

Does your State have a dept. called Banking and Insurance ...if so contact them and advise what happened to you or the Attorney General's office that's what you pay TAXES for......Mike...:agree:

Looks like in Minnesota the Department of Commerce has jurisdiction, I'm looking over their complaint form.

 

[Jeriatric]

State Farm

FWIW:

With 250.00 deductible the Spyder is 61.80 a month.

Funny thing is, the Murano runs 58.80 a month with the same deductible.

Old(er)nojoke driver, no accidents or tickets.


Edit: Called my agent before picking up the Spyder and he advised me it would be automatically covered for the first thirty days.

 

[Knarfoh]

And in general actually

Here's the summary, I bought my Spyder RS-S, so I needed insurance immediately upon purchasing and called progressive since they insure my car.

It is reprehensible if you were misled. On a purchase this large, you need to have the details for your financing and insurance worked out before you visit the dealership. Since I was currently insured on a different motorcycle, similar to a car, I was covered briefly by my current policy.

It amazes me the different rates everyone is quoting when talking about this subject. For whatever reason, Ohio always seems to have better rates than a lot of other states. For motorcycle and auto, I am told we are in the lowest 5% of all the states.

My dealer required me to bring proof of insurance or be prepared to buy insurance on the spot before I could leave with my new Spyder. I knew this going in and because the dealer told me everything that was required I worked everything out before hand. Perhaps it was easier because I was already insured on another motorcycle, but everything went smoothly at the dealership and with my insurance agent and my insurance company.

My insurance company is Progressive. They insure my boat and my other motorcycle.

The true cost of owning a motorcycle ( or a boat, etc.) Is everything i.e financing and insurance. Everyone needs to do their homework before hand.

So what do you think it was worth for the two days of coverage that you were afforded? The business cost of setting up your policy was the same whether you had it for two days or 30 days or year. Obviously, their exposure was mitigated by the fact you only had policy for a few days, but there were business costs in setting up the policy to begin with and I suspect that is their explanation for the charge they made.

Why this was so poorly explained to you in the beginning is the mystery.

 

[arntufun]

And in general actually

Here's the summary, I bought my Spyder RS-S, so I needed insurance immediately upon purchasing and called progressive since they insure my car. They wanted to charge me $107 per month ($1200/yr!!!) for the recommended plan, I upped the deductibles as far as possible to get the rate down to $87 per month.

They explained to me on the phone it was no commitment, I could switch if I found something lower.

The next day after getting the Spyder home, I finally had a chance to follow up with others:
Nationwide gave me a quote of $43/mo and American Family gave me a quote of $36/mo.

I switched, Progressive kept over $100 for 2-days of coverage citing the policy is to refund 90%... so basically, Progressive fraudulently gave me a rate 300% of the competition, fraudulently told me I could cancel immediately with no penalty, and is hiding behind their policy to steal money that shouldn't have been theirs. I have now cancelled my car insurance with them as I will not deal with an unethical company. And I want to make sure this story goes wide and far...

I mean no disrepect to you but that has been progressives policy for awhile to refund 90%.

If they kept 100.00 that means you paid them in full $1044.00 and thats your own fault if you knew you were going to shop around when you had more time. Since you were in such a hurry to get the insurance and did not do your homework first why didn't you just pay them for one month and they would have only kept less than ten bucks if you decided to switch ????


Lets not be foolish and try to compare insurance with others on this forum. Way too many senarios play into the quote to even think about trying.

what year and model#
What state
tickets
DWI
gender
age
deductable
and countless other things


Cut your loses and move on, Again no disrepect intended towards you. :thumbup:

 

[dguisinger]

Interestingly, they never asked for proof of insurance when I was there. I had my automotive insurance card on me, but I hadn't called the Spyder in. I figured I was covered for some certain amount of period like with a car and would call it in at home. Once I got home, it was a weekend I was unable to cross check with American Family and felt like I had to accept whatever Progressive quoted me (AmFam charged me more for my car than Progressive, I wasn't sure I'd get a lower rate).

Progressive tried to claim business costs, but business costs to do what? Their computers do all the work these days, they hadn't yet mailed insurance cards, there are very little "setup" costs.

My biggest complaint is when they gave me the rate I told them there and then, on the phone, this rate is wrong. It costs more than my 5 year old $35,000 car and its less likely to cause damage or kill others than a 4000lb sports car. They argued the rate was correct and told me I could cancel at anytime and didn't tell me they would keep more than the prorated amount. He specifically said they would prorate the insurance on the phone. Unless they define it otherwise, one would take that to be (rate/365)*dayscovered. If their rep on the phone tells me that, I shouldn't have to go digging through all the fine print on their site to figure out if he is telling me the truth or not.

I did do research ahead of time on rates from others that had motorcycles, I hadn't contacted any insurance company for quotes because I didn't think it would be 10x the price of someone with a 650cc sports bike.

 

[dguisinger]

I mean no disrepect to you but that has been progressives policy for awhile to refund 90%.

If they kept 100.00 that means you paid them in full $1044.00 and thats your own fault if you knew you were going to shop around when you had more time. Since you were in such a hurry to get the insurance and did not do your homework first why didn't you just pay them for one month and they would have only kept less than ten bucks if you decided to switch ????


Lets not be foolish and try to compare insurance with others on this forum. Way too many senarios play into the quote to even think about trying.

what year and model#
What state
tickets
DWI
gender
age
deductable
and countless other things


Cut your loses and move on, Again no disrepect intended towards you. :thumbup:

I was monthly with Progressive, they charged $160 up front, with 11 months of $87.
Progressive apparently does 90% off the annual total, not what you actually paid them
No DWIs, no accidents, no tickets, M, 30, $1000 deductable
I'm not trying to compare insurance rates with others, the rates i quoted were Progressive 3x what other agencies gave me once I had a chance to shop around.

 

[arntufun]

I was monthly with Progressive, they charged $160 up front, with 11 months of $87.
Progressive apparently does 90% off the annual total, not what you actually paid them
No DWIs, no accidents, no tickets, M, 30, $1000 deductable
I'm not trying to compare insurance rates with others, the rates i quoted were Progressive 3x what other agencies gave me once I had a chance to shop around.

You should call them because thats not correct. They are supposed to prorate and reimburse 90% of what you have over paid for the monthly billing cycle. At least thats how it is here. Good luck to you. :thumbup:

Bob Denman will chime in in the morning with more wisdom.

 

[kinggeek]

I have Progressive and carry full coverage on three cars and a Spyder RT-S for under $100/month:dontknow:

 

[Knarfoh]

Interestingly, they never asked for proof of insurance when I was there. I had my automotive insurance card on me, but I hadn't called the Spyder in.

That was irresponsible of the dealer to let you drive out of there without knowing you had insurance to protect yourself or the lienholder or other drivers.

I figured I was covered for some certain amount of period like with a car and would call it in at home.

Why in the world would you think that?

Progressive tried to claim business costs, but business costs to do what? Their computers do all the work these days, they hadn't yet mailed insurance cards, there are very little "setup" costs.

You're absolutely right. Computers are free. Electric to run them is free. They program themselves so no cost there for the company. Environmental rooms to house them are free also. No human intervention at all. I understand your point.

Sorry to be mean. Sounds like you were anxious to buy your motorcycle and you bought it. You didn't take the time to understand the true cost of ownership including insurance.

That doesn't mean the insurance company did not misrepresent the cost to you. But since you seem to have a hard time understanding everything else how can we believe you did not misunderstand them on this point?

They are free to charge you whatever they want for their insurance product. You are free to go somewhere else. You make it sound like they held a gun to your head. Had you figured out the insurance costs in advance. None of this would've happened.

They gave you a quote. You accepted their quote. You decided to cancel. You were charged a fee associated with doing business with them.

You paid them for a life lesson. Now others reading this post will have a better understanding of how to avoid the same pitfalls that you encountered.

Special note – I never thought I would be taking up the side of an insurance company. Look out tomorrow – pigs will be flying.

 

[Macca]

We pay 43.00 monthly for progressive. That's insuring two drivers.

 

[Firefly]

I pay around $450 a year for my 2008 Spyder GS...so around $38 a month. Was with State farm the first year and they charged $980 a year.


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[CatsJ35]

I got progressive $188 a year for full coverage $250 deductable, and had a pretty easy claim experience when I hit a deer and they got me $3,100 as soon as the dealer had the quote done. I figure I owe them the next 16yrs business. Also did you go through progressive directly or an insurance agent?

 

[Daisyjoe]

STATE FARM--$47.20/MONTH,$1000.00 DEDUCTIBLE. PRICE INCLUDES A MULTIPLE DISCOUNT FOR CAR, HOME AND MOTORCYCLE. NO TICKETS, NO DUIS'. PROGRESSIVE INSURANCE :barf::barf:

 

[ARtraveler]

I am also going to take the side of the insurance company here. If you are going to get what you consider the "best" price you have to shop around before making the purchase.

Also comparing apples to apples--you are going to find quotes all over the board because the circumstances vary with each drivers situation and location.