USAA
K1600 $38 per month
C650GT $30 per month
Lucky you, guess you were grand fathered in. They don't take new customers/they send you to progressive now.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
USAA
K1600 $38 per month
C650GT $30 per month
I just switched from Geico to Progressive. progressive had better coverage and my premium went from over $404 to $260 on my '09 RTThe more I read this thread, the happier that I am with my Geico insurance for my '08 R1200GS...
I just switched from Geico to Progressive. progressive had better coverage and my premium went from over $404 to $260 on my '09 RT
$100 Deductible Comp, $1,000 collision
Liability Bodily Injury250K ,500K each accident
Property Damage Liability 100K each Accident
Underinsured Motorist 250K each person /500 each Accident
$5,000 accessory Coverage. (Loss to Accessories only NOT subject to deductible)
It won't matter. No insurance company undercuts their authorized agents, it would be suicide to do it (the agent would immediately start switching people to other companies.)Was that through an agent or online??? - if you care to share!!
As I said earlier & from several yrs ago recall I think my online 800# Progressive quote was ~ twice the agent quote. I wonder what makes the difference-discounting by agency of their margin?Was that through an agent or online??? - if you care to share!!
It won't matter. No insurance company undercuts their authorized agents, it would be suicide to do it (the agent would immediately start switching people to other companies.)
That is not necessarily true. Progressive is sold through independent agents rather then exclusive agents and the rates vary widely for the same coverage. Independent agents switch their customer's coverage to different companies all the time for better prices, better coverage and sometimes even for better commissions for themselves.
Three of us locally have Progressive Insurance and we all have similar histories regarding credit, lack of accidents and tickets, etc. I have it on-line and the other two have different independent agents. I pay less for full coverage than one of my friends pays for liability coverage only.
The insurance company I retired from uses exclusive agents and several years ago, started selling on-line in some areas. They undercut their own exclusive agents and basically told the agents to take it or leave. Exclusive agents don't have the option of switching companies at will.
Lucky you, guess you were grand fathered in. They don't take new customers/they send you to progressive now.
Check into Foremost!!!!
True, but it's not always rosy with USAA. I am a USAA member, and had USAA coverage on cars and bikes since the planet cooled. I still have some investments with them. The service was always excellent, including the available of comprehensive coverage for the bike when I shipped it to Europe one summer, but the premiums are high.
While I liked their service, it wasn't sensible for me to continue. I jumped ship this spring to State Farm, which already had the house insurance because USAA's quote was way too expensive. My total insurance bill (vehicles and property) declined about 30%. I expected a small degradation in service, and chose to accept it in exchange for a significant price reduction. As fate would have it, my wife and I each had a smallish car claim after the switch: the claims were adjusted quickly and without pain.
Hey Dave, also a USAA member since the earth cooled. I've seen the rates go up to the point that I am now looking around. Been with them for about 40 years.
Just be happy you don't live in Ontario Canada.
I ride a 1977 R100RS and my insurance is $620 a year for full coverage, Bushtec Trailer covered as well.
45 years of continuous riding, no accidents, claims or tickets.
I only have one bike, a second one would be the same cost.
I have checked out other companies and those that would cover a 36 year old bike wanted over $1000.
What do you folks pay in your state?
Had Progressive for my auto insurance for years, and have been very happy with them; occasionally shop around for better rates and never find any. So I went with them for my MC insurance... 100/300 liability, $1000 deductible on comprehensive and collision, $225/year on my 2004 K1200GT in TN. (51 years old, BTW, with a very clean driving record and credit history.) I think it's hard to do any better. I have never gone through an agent. My daughter got a separate policy from Progressive on her '85 Honda Rebel 250 when she was 15, same liability but no comp/coll coverage, $115/year.
Just be happy you don't live in Ontario Canada.
I ride a 1977 R100RS and my insurance is $620 a year for full coverage, Bushtec Trailer covered as well.
45 years of continuous riding, no accidents, claims or tickets.
I only have one bike, a second one would be the same cost.
Even online at Progressive, with the same coverage, I am seeing over 50% reduction in premium.
So - what's the tie-up between Markel and MOA??? I've been looking for a reference online, but nothing I can see - yet I'm sure when I joined BMWMOA in 8/2011 there was documentation provided by/from/about Markel???...
Just curious!!...
I wonder the same thing. At my last renewal in MOA over a year ago I called went online to get a quote (and to get the little bag offered to put my Anonymous Book in). The quote was much higher than I has just renewed with at Foremost and even higher than GEICO who I had left for Foremost. In addition, the website wouldn't accept the code for the bag. I called Markel and got an even higher quote on the phone, they took the number though for the bag and said "2 to 3 weeks to receive it". 15 months later no bag either. I'm curious too.
Got a nasty surprise in the mail today. The invoice for the next twelve months' bike insurance (through Markel) and the premium has risen a cool 20.42%. That was a decided "ouch." The big numbers are for "Comprehensive - Actual Cash Value" and "Collision - Actual Cash Value." Unless my bike (2008 R1200RT) has become an appreciating asset overnight (?), it looks as though the lower risk (reducing capital cost) is attracting higher premiums. Nice for the underwriters, but not for my bank balance.
Am I missing some part of this picture that makes this (to me, dramatic) increase more justifiable, or are Markel wanting out of the bike insurance market?? Needless to say, I'd welcome suggestions of alternative firms to try. I primarily went with Markel because of the association with the MOA.
Back in the day, when I used to work for oil companies, the word amongst we "ground troops" was that "...they make money despite themselves..." In other words, regardless of any and all stark inefficiencies and utter lack of logic or (not-so-)common sense, the money still rolled in.
Apparently, that still holds true in other corporations...???
How else do they continue to exist???...