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Buell Motorcycle Forum » Big, Bad & Dirty (Buell XB12X Ulysses Adventure Board) » BB&D Archives » Archive through June 09, 2008 » I'll never understand insurance rates « Previous Next »

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Chadhargis
Posted on Friday, May 23, 2008 - 10:25 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

I have been carrying only my Ulysses on my insurance policy. $415/yr for just the Buell.

Yesterday I bought a scooter for a pit bike and commuting to work. I added it to my policy and also went ahead and added my gixxer. I put only liability on the Gixxer and scooter.

My rate DROPPED. They gave me a "multi-bike discount" and I pay less for 3 bikes than I did for one.

Go figure?!?
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Bosh
Posted on Friday, May 23, 2008 - 10:31 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

It's probably a mistake. Call them up and see if they can fix it.



I had a multi bike policy until I sold my VTR 1000 and the rate dropped by about 1/3 when I took it off my policy.
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Teeps
Posted on Saturday, May 24, 2008 - 10:55 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

You're not supposed to understand the policy rates. Just pay it and be happy.

I pay a little over $500 a year with State Farm. That's with $1k deductible, max liability, min medical and a mileage limit of 7500 miles per year.
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Alameda
Posted on Tuesday, June 03, 2008 - 12:33 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

I added my 2001 DRZ400E (baja kit street legal) to my liability policy for just $4.75/year through Geico. I was shocked. My liability with them is something like $134/year for minimum coverage
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Chadhargis
Posted on Thursday, June 05, 2008 - 08:23 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Well...It was too good to be true.

I got a call from the insurance company telling me they had made a mistake in my quote.

My rate jumped up a whopping $35 a year to add the two bikes. : )
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