Insurance Rates?

[Dave S]

Has anyone else been hit with a big increase in rates? Mine went from $168 to $198 this year . Sure it's for an entire year but I've filed no claims. Is this a case of the Ins. companies jumping on the bandwagon of raising costs or is it directly related to the number of motorcycle accidents in MN last year?

Frustrating.

[upnorth]

It could easily be that the insurance company just plain took a shot on other things and raising rate on everything.

[CANOPY SAM]

I've never paid more than $50 per year.

[leech~~]

No tickets or anything on it last year? I thought you did tip it over or some buddy ran into you in a parking lot or something? Did you but a claim on it?

[Dragonsm]

Insurance companies are tying their "discounts" in with the consumer's credit rating score.

If you were barely on the edge of getting a higher discount, and in the last year either bought some large ticket items, opened some credit cards...etc, this can have a negative effect on your credit score....hence if you were on the bubble...potentially could have bumped down a discount.

One way to find out, give your agent a call and he'll have all the details. My first bet would be a rate increase.

[Dave S]

So buying a new car would cause my motorcycle ins. rates to jump? Might be time to tell the ins company where to go? Aforementioned car is insured through the same company.

[leech~~]

Your post from last year. Did you file a claim on this? if you did, it may have gone up because of it. Most Ins, companies claim that if you file a claim your rates wouldn't go up. Right!

Since I bought the bike 4 years ago, this is the first time it's been laid down. I was doing less than 5 mph through a parking lot in Lakeville when a car came the wrong way down my lane in a parking lot. I was starting around the corner when this black car appeared. Tapped the brake and the front wheel collapsed underneath me.

The bike has a few new scratches on it and I made out with a scraped knee and a sore wrist from breaking my fall. The other driver got the hell outta dodge as soon as I took my helmet off. Unfortunately I didn't get a license plate number. I have to admit it was probably in his best interest to leave the area ASAP.

[Dave S]

No claim filed, never reported to ins. No need to for the minimal damage done.

[CANOPY SAM]

I think you're on the right track with a conversation with your insurance company. If you're "stacking" policies, and they're sneaking increases in on you, I'd tell em' to stick it.

There are SO many options out there. Tell em' that. You can always take ALL your policies to another company. I'd bet they'll change their tune...at least a little bit.