TomDac
New member
Hey all,
I'd like to get your thoughts on my insurance dilemma:
3 years ago I bought a motorcycle after not owning one for 16 years.. A 1983 Honda VF1100C. (V65 Magna).
I got insured by Progressive, as my auto insurance company (Wawanesa Mutual) doesn't do motorcycles. No biggie. It was about $250 per year. In August of 2009, i got a speeding ticket on the bike. Nothing extreme. 9 mph over posted limit. I couldn't do traffic school because I had gotten a previous ticket in the last 18 months with my car and had opted for traffic school (online of course.. took 2 hours) so I knew this would ding my insurance. No biggie.
In the spring of this year, I bought a 2006 R1200GS Adventure. I added it to my Progressive policy and it was an additional $400 per year. Same coverage, same deductible.
About a month later, I sold the Honda, and got online and was going to remove the it from my policy. The premium would've went UP as I no longer had the multi-vehicle discount. So instead of changing my policy, I left the Honda on there and figured I would shop around for new insurance for the BMW when it came time for the Progressive policy to expire. Well, it's time for the Progressive policy to expire (Nov 20th). I got my progressive renewal notice and it's $800 for the year and there's a confirmation of my speeding ticket as reported by the DMV in there along with the policy renewal.
While reading the BMW ON magazine, I see the Markel Insurance advertisement. I got on their website and did a quote and it's $290 for the entire year - same exact coverage and deductible that I had on my Progressive policy, and I made sure to disclose my speeding citation!!
Obviously, I'm gonna ditch Progressive and go with the Markel policy.
I find it more than a bit strange that my motorcycle costs more to insure than my $60K BMW automobile. Any thoughts, comments and observations would be greatly appreciated...
Tom.
I'd like to get your thoughts on my insurance dilemma:
3 years ago I bought a motorcycle after not owning one for 16 years.. A 1983 Honda VF1100C. (V65 Magna).
I got insured by Progressive, as my auto insurance company (Wawanesa Mutual) doesn't do motorcycles. No biggie. It was about $250 per year. In August of 2009, i got a speeding ticket on the bike. Nothing extreme. 9 mph over posted limit. I couldn't do traffic school because I had gotten a previous ticket in the last 18 months with my car and had opted for traffic school (online of course.. took 2 hours) so I knew this would ding my insurance. No biggie.
In the spring of this year, I bought a 2006 R1200GS Adventure. I added it to my Progressive policy and it was an additional $400 per year. Same coverage, same deductible.
About a month later, I sold the Honda, and got online and was going to remove the it from my policy. The premium would've went UP as I no longer had the multi-vehicle discount. So instead of changing my policy, I left the Honda on there and figured I would shop around for new insurance for the BMW when it came time for the Progressive policy to expire. Well, it's time for the Progressive policy to expire (Nov 20th). I got my progressive renewal notice and it's $800 for the year and there's a confirmation of my speeding ticket as reported by the DMV in there along with the policy renewal.
While reading the BMW ON magazine, I see the Markel Insurance advertisement. I got on their website and did a quote and it's $290 for the entire year - same exact coverage and deductible that I had on my Progressive policy, and I made sure to disclose my speeding citation!!
Obviously, I'm gonna ditch Progressive and go with the Markel policy.
I find it more than a bit strange that my motorcycle costs more to insure than my $60K BMW automobile. Any thoughts, comments and observations would be greatly appreciated...
Tom.