Penalized !! For owning a Spyder !!

[heyharris1]

I have state farm and cannot complain. I got my house and all other vehicles through them and the spyder increased my monthly payment by 8 dollars a month. 8 x 12 so thats 96.00 a year, cannot complain one bit. I think it may be time to shop around.

Jim

 

[Fatcycledaddy]

I have Markel Insurance for the spyder and my two Yamaha Venture Royale, never had any problem with them even when I had a claim. They beat everyone else's price on my Yamahas and the spyder. House, cars, and all other insurance is through AAA but they couldn't come close to the price Markel gave me.

 

[MidTNDawg]

Surprised Bob did not mention insurance is filed by state by each company

It sounds too stupid to believe, but it may be they made a filing in CA for only two wheels. Does CA accept Spyders as M/Cs? Having retired from the industry, there many many things which are outside of logic.

 

[Bob Denman]

:dontknow: I figured that this fact is already known...

But if you don't think that your State considers a Spyder to be a motorcycle: try adding it onto your auto policy, and see what happens! :yikes:

 

[HayRog]

Update

Ameriprise Insurance , through Costco, did the deed for me, at the price of a couple of Mocha's cheaper

Thanks all for the good info, twas a learning experience.

 

[Tango]

I had my Spyder insured by Foremost for several years. Got a policy that was much less money than going through AARP. I called a Foremost agent direct. AARP takes Foremost and Hartford rates and adds in THEIR markup to give you a price. That's how AARP makes money! :thumbup: Tom :spyder:

 

[UtahPete]

Sounds like its time for a new insurance agent and maybe a new company. I have all mine with State Farm. Currently: 1 house, 1 car, 2 Spyders, 1 motorcycle. Been happy since 1965.

Same here. 2 houses, 2 cars, 2 Spyders and a travel trailer. I recently looked into USAA and they were attractive on everything but the Spyders, which they pass off to Progressive. At that point, they lost me with all their exclusions and conditions, etc. I'm sticking with State Farm.

 

[UtahPete]

I had my Spyder insured by Foremost for several years. Got a policy that was much less money than going through AARP. I called a Foremost agent direct. AARP takes Foremost and Hartford rates and adds in THEIR markup to give you a price. That's how AARP makes money! Tom

Yup. AARP makes most of their money off advertisers and insurers. Avoid their markup and deal with the insurers directly.

 

[crna59]

I have State Farm with no issue

Same here..... I have the house..... Mercedes AMG, Rav4, CBR1000rr, Spyder, BMW GS with not a problem..... even after a coupe of no fault claims!!

 

[2Paw]

I have my truck and house with State Farm, but stop insuring my motorcycles with them years ago because they were ridiculously high, my agent told me they sold motorcycle insurance but didn't really want that business but if you wanted to pay the price then they would. I have Nationwide on my Spyder and they give a discount if you belong to the AMA.

 

[pegasus1300]

I'm now finding that out !! ^^^

Have got quotes so far from State Farm,Allstate and Safeco (fun times ) but they range in price from $500 to $1000 more annually that what I have !! The search continues --

And this is for the same coverage right?

 

[teninospyder]

Question on insurance shopping

And this is for the same coverage right?

I've had State farm for "everything" for probably 40/50 years, thru multiple moves, cars, trucks, motorcycles, RVs, ........you get the point.
I've been told out here in Washington state that when I request an insurance quote from someone I need to give them my Social Security number or they won't quote.
Anybody else find this ??

 

[fjray]

I've had State farm for "everything" for probably 40/50 years, thru multiple moves, cars, trucks, motorcycles, RVs, ........you get the point.
I've been told out here in Washington state that when I request an insurance quote from someone I need to give them my Social Security number or they won't quote.
Anybody else find this ??

They tie your quote to your credit score. It's BS.

 

[HayRog]

And this is for the same coverage right?

Correct !!

Just glad I have it all taken care of now. There were some long phone calls and internet searches :sour:

 

[teninospyder]

They tie your quote to your credit score. It's BS.

But everyone does it and it's required ????

 

[JNorthStar]

I have had my Spyder insured by Foremost for four years. The premium is reasonable and there are no special terms (i.e. different than my other two wheelers which are also on the policy) attached to it. I live in Virginia.

Alan.

Similar to Alan, I was insured thru AARP (Foremost) only last year, but I thought the premium too high, especially with over 40 years of motorcycle/sport experience. I live in Minnesota and ride Wi, SD, IA, IL, MO, NE, AR, LA, TX, KY, TN and VA with Honda MC and CanAm Spyder. This year, after moving to a new city, a new agent has everything insured with IMT Group in Des Moines.
Prior to 2015, I used Progressive for everything, but they began some billing policy that had them constantly wanting additional money despite the fact there was a large credit on the master vehicle policy. They did not reply when I asked them why they were unable to find a specific payment in the customer account history. (I worked for Travelers for almost 20 years and thought it was inexcusable that they just kept sending statement, with none of them showing the credit that existed).

The insurance industry today reminds me of the agents' lament that the object of providing insurance is to collect money ... not to pay out money.

 

[MikeT]

When I was shopping insurance last year for the Spyders, AARP Foremost had no trouble quoting for the spyders. They do indeed write policies for them. They were not competitive with GEICO but they offered a policy. Your agent did not know what he was talking about.

I'm with AARP/Foremost. Geico not competitive in IN.