I will never understand insurance

[cookiedough]

on my 5 cycle insurance.  My old 1983 cycle with actual cash value 2K is the MOST expensive to insure per year even more so than the tops 6-7K  2001 valkyrie interstate.  Not much so no biggie in difference I can deal with that.  HOWEVER, if I drop the 1983 cycle from 5 to 4 cycles the yearly rate will go up 15 bucks total per year since the discount offered for 5 vs. 4 cycles is more than the cost to insure the 1983 cycle.

Is this totally DUMB!  Am I missing something??? 

I asked if I dropped any of the 4 other cycles instead of the oldest 1983 cycle will the rate go up or down.    They said the rate on all other 4 cycles if dropped one of the 1997-2008 cycles would go down, NOT UP.   ONLY one if dropped from policy being the 1983 cycle would the 4 cycles then go UP in price for yearly premium. 

How can the 5 cycle discount for ONLY the 1983 cycle making it 5 cycles vs. 4 be the ONLY cycle to INCREASE my rate if dropped 1 of the 5?

I am at a total loss on this one. 

Progressive surely has a weird way of doing things.  Not to mention I got the EXACT same quote 3 weeks ago and now I call back in and the rate went down 12 bucks so I locked it in ASAP for I will be driving the cycles soon if the weather cooperates sometime in April.   I fear if I waited another 1 week when temps actually do warm up, the rate will go up 25 bucks the way Progressive does things. 

I am totally dumfounded on this one for sure....

I do not see how the oldest and least expensive value wise and being the highest to insure is the ONLY 1 of 5 cycles that if dropped off my policy that would actually INCREASE my rates.  The lady on the other end seems to think this kind of B.S. happens a lot she said due to many factors such as age of cycle,  value of cycle, parts available, etc., etc.  Well, the old 1983 cycle is the oldest by far,  the least value by far, and the least amount of parts available for it, so how can it be the GREATEST discount and the MOST expensive to insure?

I am confused???????

[Chrisj CMA]

There's the asnwer.  Progressive.  I canned them found a local Allstate agent he takes care of me, my premiums went down and when I added a second bike it went up $10. Simple and I don't fund socialism.

[bentwrench]

Yep,  Progressive was the highest when I first signed on,but no one else would cover my first year ZX11.been  with state farm now for 20 yrs. Great prices and only 10- 12 bucks to add a bike to the policy.

[hairyteeth]

I like State Farm but they won't cover medical.

[bentwrench]

That might be a state law issue,my policy has med coverage here in Pa.
I think they only offer it with coverage.

[northernvalk]

Couple years back I took my old toyota pick up off the road with plans on a 350 swap and lift etc. It was actually cheaper to keep theft insurance on the truck than to remove it altogether because of the multi vehicle discount LOL!!! 6 years later and the truck has been picked over by our group of toyota off road guys because I ended up picking up a 80 series land cruiser in turbo diesel and I went to buy a new pick up...salesman asks if I have a pick up truck, I say no then yell out YES!! I still had the old truck licensed and insured even though it was in pieces...saved $2500 on the new truck as a "competition truck owner" LOL!!! I only paid $2000 for that truck, drove it for three years, saved thousands on insurance for 6 years and then got $2500 from Dodge LOL!!!!

[The emperor has no clothes]

Couple years back I took my old toyota pick up off the road with plans on a 350 swap and lift etc. It was actually cheaper to keep theft insurance on the truck than to remove it altogether because of the multi vehicle discount LOL!!! 6 years later and the truck has been picked over by our group of toyota off road guys because I ended up picking up a 80 series land cruiser in turbo diesel and I went to buy a new pick up...salesman asks if I have a pick up truck, I say no then yell out YES!! I still had the old truck licensed and insured even though it was in pieces...saved $2500 on the new truck as a "competition truck owner" LOL!!! I only paid $2000 for that truck, drove it for three years, saved thousands on insurance for 6 years and then got $2500 from Dodge LOL!!!!

Must be a Canadian thing. I’m not sure I understand. The dealers there give you a discount if you are replacing an old truck with a new one ?

[J.Mencalice]

Allstate is my choice for my motorcycles.

[northernvalk]

Couple years back I took my old toyota pick up off the road with plans on a 350 swap and lift etc. It was actually cheaper to keep theft insurance on the truck than to remove it altogether because of the multi vehicle discount LOL!!! 6 years later and the truck has been picked over by our group of toyota off road guys because I ended up picking up a 80 series land cruiser in turbo diesel and I went to buy a new pick up...salesman asks if I have a pick up truck, I say no then yell out YES!! I still had the old truck licensed and insured even though it was in pieces...saved $2500 on the new truck as a "competition truck owner" LOL!!! I only paid $2000 for that truck, drove it for three years, saved thousands on insurance for 6 years and then got $2500 from Dodge LOL!!!!

Must be a Canadian thing. I’m not sure I understand. The dealers there give you a discount if you are replacing an old truck with a new one ?

It was a promotion to get people to switch manufacturers, pick uo trucks have the highest brand loyalty of all vehicles so market share is tough to get.

[The emperor has no clothes]

Ah ! 

[Jess from VA]

It's simple.

Think of sitting at a poker table gambling.

You are betting your own money you will either: 1) screw up badly, or 2) something bad will happen to you.

Unlike gambling however, you spend your whole life making these bets, and you are hoping like hell that you lose every bet.

It's got to be one of the greatest inventions ever thought up by man.

Taking it further, they lobby all state governments to require insurance on vehicles before anyone may even legally drive their vehicles on the public roads.  They even get the police and courts and DMV involved in forcing you to buy it (from private companies).

And mortgage companies require you to have insurance on the house or they won't loan you the money.  If you get their insurance, it's three times higher than yours.  And they won't trust you to make the insurance payments, it must be amortized into the monthly payment, so they know it's getting paid. And sometimes they make you get insurance, not just on the house, but on your ability to continue making the mortgage payments.

I realize it has become a completely necessary aspect of sound financial life (and protection from idiots, either someone else, or our self), but how many private businesses get such great government, police and institutional assistance in forcing people to buy their product?

The only other one that comes to mind is funeral homes.  It's been awhile since I looked into it, but I believe you are still not allowed to die without some funeral home making money (so long as there is a body or some remains left, like even a foot).  It's the law.  And, maybe if you own enough property that you can have your own family cemetery without polluting the water table, you can bury your own without the funeral home.  Otherwise, all dead bodies go to one, even for cremation.  If you burn up Aunt Mary out on the woodpile, you are in big trouble (for stealing from the funeral home).  And I seem to recall that even if cremated, you have to buy some kind of box, if not a coffin (which just gets burned up).  And it's a crime everywhere to find and not report a dead body (so funeral homes can get their cut).  Thoughtful people, deciding suicide is the best way out, should drive over to a funeral home and do it on their front steps, to cut down on the ambulance and emergency room expenses, because that's where you're going to end up anyway (so help them out, and cut out the middlemen).  

And finally, it's not really life insurance..... they call it that because death insurance sounds bad.  You don't get paid for living, but for dying.

The only things in life that are certain are death and taxes.... and insurance, and funeral homes.

PS, one of our Fairfax SCRC riding guys is a mortician.  His handle is Toe Tag Tom.  
 

[J.Mencalice]

It's simple.

Think of sitting at a poker table gambling.

You are betting your own money you will either: 1) screw up badly, or 2) something bad will happen to you.

Unlike gambling however, you spend your whole life making these bets, and you are hoping like hell that you lose every bet.

It's got to be one of the greatest inventions ever thought up by man.

Taking it further, they lobby all state governments to require insurance on vehicles before anyone may even legally drive their vehicles on the public roads.  They even get the police and courts and DMV involved in forcing you to pay it (to private companies).

And mortgage companies require you to have insurance on the house or they won't loan you the money.  If you get their insurance, it's three times higher than yours.  And they won't trust you to make the insurance payments, it must be amortized into the monthly payment, so they know it's getting paid. And sometimes they make you get insurance, not just on the house, but on your ability to continue making the mortgage payments.

I realize it has become a completely necessary aspect of sound financial life (and protection from idiots), but how many private businesses get such great government, police and institutional assistance in forcing people to buy their product?

The only other one that comes to mind is funeral homes.  It's been awhile since I looked into it, but I believe you are still not allowed to die without some funeral home making money (so long as there is a body or some remains left, like even a foot).  It's the law.  And, maybe if you own enough property that you can have your own family cemetery without polluting the water table, you can bury your own without the funeral home.  Otherwise, all dead bodies go to one, even for cremation.  If you burn up Aunt Mary out on the woodpile, you are in big trouble (for stealing from the funeral home).  And I seem to recall that even if cremated, you have to buy some kind of box, if not a coffin (which just gets burned up).  And it's a crime everywhere to find and not report a dead body (presumably so funeral homes can get their cut).  Thoughtful people, deciding suicide is the best way out, should drive over to a funeral home and do it on their front steps, to cut down on the ambulance and emergency room expenses, because that's where you're going to end up anyway (so help them out).  

And finally, it's not really life insurance..... they call it that because death insurance sounds bad.  You don't get paid for living, but for dying.

The only things in life that are certain are death and taxes.... and insurance, and funeral homes.

PS, one of our Fairfax SCRC riding guys is a mortician.  His handle is Toe Tag Tom.  
 

Solution to such problems:  Grab the four wheel drive pickup and your favorite dog, haul Aunt Mary (remains) for a long drive up in the high country and respectfully lean her up against a nice blue spruce for the bears and mountain lions to clean up. 
Simple, clean, natural, beat the system, and as cheap as Uncle Jed can afford!

"Where's Aunt Mary gone to?" 
"Florida".

[J.Mencalice]

Couple years back I took my old toyota pick up off the road with plans on a 350 swap and lift etc. It was actually cheaper to keep theft insurance on the truck than to remove it altogether because of the multi vehicle discount LOL!!! 6 years later and the truck has been picked over by our group of toyota off road guys because I ended up picking up a 80 series land cruiser in turbo diesel and I went to buy a new pick up...salesman asks if I have a pick up truck, I say no then yell out YES!! I still had the old truck licensed and insured even though it was in pieces...saved $2500 on the new truck as a "competition truck owner" LOL!!! I only paid $2000 for that truck, drove it for three years, saved thousands on insurance for 6 years and then got $2500 from Dodge LOL!!!!

Got a dealer in Denver, Colorado that will give you $3500 to "Push, Pull, or Drag" your trade in to his lot.
http://www.medved.com/push-pull-drag/

[The emperor has no clothes]

  Toe Tag Tom   Another little shady things funeral homes do. When my Dad died I flew back to Alaska to help my sister and brother take care of things. My sister told the funeral home that my Dad wanted to be cremated. They waited 3 days and then embalmed him at a charge of $800. Then cremated him. When I questioned them about the embalming, their answer was that any body that was around for 2 days had to be embalmed by law.   I have my doubts that they even did it. Just waited the 3 days and cremated him, tacked on the extra $800. They also try to prey on people's weakness in this time of distress by upsaling you on things. My sister was a wreck, thankfully I'm a heartless bastard and told them I just was going to flush his ashes down the toilet. Not true, but they got the message. The AirForce provided a very nice ceremony burying his ashes in the same plot as our sister that died at 3 days old. I've had a dislike for Mortuists since I was 14 and one tricked me into viewing a dead body. (Sorry for the rant)

[old2soon]

Have Shelter on my cage and my Phatt Ghurl. I keep insurance on my Phatt Ghurl year round cuz it's way less expensive-month to month-than only insuring her half the year. No passenger insurance at ALL $500.00 deductible a good farkle and equipment reimbursement and my towing is thru my A M A membership. Haven't got this years bill yet but last year was $223.00. Might help as where I live is considered rural.  RIDE SAFE.

[Bighead]

I nave had progressive for the past 13 yrs ( they were the least expensive) then last week i got my state ment for my three bikes (97 valk,99 valk IS, 2016 goldwing). . $1073 for the year went up about 40%. So I went to my locql agent that has my house and cars. Got a quote $356 fo all three.  Same coverage,I said. I thanks I shouldnt have to cancel a policy to get a discount which you wont come close to what I just bought. Silence then I hung up

[cookiedough]

Couple years back I took my old toyota pick up off the road with plans on a 350 swap and lift etc. It was actually cheaper to keep theft insurance on the truck than to remove it altogether because of the multi vehicle discount LOL!!! 6 years later and the truck has been picked over by our group of toyota off road guys because I ended up picking up a 80 series land cruiser in turbo diesel and I went to buy a new pick up...salesman asks if I have a pick up truck, I say no then yell out YES!! I still had the old truck licensed and insured even though it was in pieces...saved $2500 on the new truck as a "competition truck owner" LOL!!! I only paid $2000 for that truck, drove it for three years, saved thousands on insurance for 6 years and then got $2500 from Dodge LOL!!!!

Got a dealer in Denver, Colorado that will give you $3500 to "Push, Pull, or Drag" your trade in to his lot.
http://www.medved.com/push-pull-drag/

gimmick, all they do is jack up the vehicle you want to buy for near same amount.

[cookiedough]

I nave had progressive for the past 13 yrs ( they were the least expensive) then last week i got my state ment for my three bikes (97 valk,99 valk IS, 2016 goldwing). . $1073 for the year went up about 40%. So I went to my locql agent that has my house and cars. Got a quote $356 fo all three.  Same coverage,I said. I thanks I shouldnt have to cancel a policy to get a discount which you wont come close to what I just bought. Silence then I hung up

man, I guess I should feel lucky when it was 4 cycles for 200 bucks (give or take) and then adding a 5th was 100 bucks more, ONLY a 33% increase in rates with Progressive by adding ONLY 1 more cycle.  If  you think about it though per cycle, was a 200% increase since roughly each one was 50 bucks x 4=200 bucks when the 5th one jacked up Progressive almost 100 bucks more.  UNREAL how insurance works.  I think since is a yearly premium with Progressive that somewhere in 2017 the rates went WAY WAY UP as well just like yours.

I have gone thru Geico and Liberty Mutual on car insurance as well and found upon 1st renewal a 30% or more increase in rates so I dropped them as well upon renewal.  Allstate was prior to that for years and were good to me until they also jacked up rates over 20% one year so maybe time to shop around yet again?  I can deal with 5-15 dollar price increase per year tops, but when it goes up over 20% is totally unjustified when I did nothing different badly to deserve it.  I do NOT believe their B.S. claim that insurance claims were MORE in my area B.S. to justify that much of a price increase.  I tell them EVERY single time then to jack up the rates of those filing claims NOT those that do not file at fault claims.

[Bighead]

Yeah you are one that f the loudest over saving $.02 on on isurance. So I uit ur bitching and pay the insurance company ,or ride without makes sero difference to me.

[cookiedough]

Yeah you are one that f the loudest over saving $.02 on on isurance. So I uit ur bitching and pay the insurance company ,or ride without makes sero difference to me.

Nice 

[Motodad71]

I have Geico for both of my bikes, and I only pay $27 a year for my Valk.

[Jess from VA]

I have good rates with Geico too. (or I wouldn't still be with them)

But I haven't paid $27 a year for bike insurance (on one), since around 1970.

I have only ever carried liability and uninsured motorists on bikes for 48 years (and never been sorry).

No fire, theft, collision or medical, even on a brand new one.  

[northernvalk]

Couple years back I took my old toyota pick up off the road with plans on a 350 swap and lift etc. It was actually cheaper to keep theft insurance on the truck than to remove it altogether because of the multi vehicle discount LOL!!! 6 years later and the truck has been picked over by our group of toyota off road guys because I ended up picking up a 80 series land cruiser in turbo diesel and I went to buy a new pick up...salesman asks if I have a pick up truck, I say no then yell out YES!! I still had the old truck licensed and insured even though it was in pieces...saved $2500 on the new truck as a "competition truck owner" LOL!!! I only paid $2000 for that truck, drove it for three years, saved thousands on insurance for 6 years and then got $2500 from Dodge LOL!!!!

Maybe on used, but the MSRP is listed nationally and this was a regional discount. Not to say the MSRP isn't initially inflated, but the promo was for January and the truck was released in june ish? I do agree that LOTS of retailers will increase a price prior to a sale in order to make it look better.
Got a dealer in Denver, Colorado that will give you $3500 to "Push, Pull, or Drag" your trade in to his lot.
http://www.medved.com/push-pull-drag/

gimmick, all they do is jack up the vehicle you want to buy for near same amount.

[Hooter]

Never again with Progressive!  I have State Farm and like the rates. But I have to pay by the month vs a 6 month combined rate. Kind of a pain in the ass!

[Motodad71]

I have good rates with Geico too. (or I wouldn't still be with them)

But I haven't paid $27 a year for bike insurance (on one), since around 1970.

I have only ever carried liability and uninsured motorists on bikes for 48 years (and never been sorry).

No fire, theft, collision or medical, even on a brand new one.  

When I called them to switch from 'Dairyland" they told me I would be paying $27 more than I am paying per year now for my 15 Suzuki V-Strom 650XT, and I got better coverage too.

[Jess from VA]

I have good rates with Geico too. (or I wouldn't still be with them)

But I haven't paid $27 a year for bike insurance (on one), since around 1970.

I have only ever carried liability and uninsured motorists on bikes for 48 years (and never been sorry).

No fire, theft, collision or medical, even on a brand new one.  

When I called them to switch from 'Dairyland" they told me I would be paying $27 more than I am paying per year now for my 15 Suzuki V-Strom 650XT, and I got better coverage too.

I knew that was a multi bike calculation.  I bet they've got the premiums figured a little differently though.  Still, a good deal.  Geico has not been screwing me around and raising rates, or I'd shitcan them like anyone else.  Lots of guys do switch for that reason, and they should.

Loyalty is a two way street.