Got me a big ol' INsurance discount...

[petevandyke]

Hey all...

I've been with Progressive for three years, everyone and their mother has recently recommended to me that "you need to look at Dairyland Insurance."

So I did.

Got hooked up with TWFG Insurance Services (932-364-6630 if you're interested http://www.buymotorcycleinsurance.com for Texas, but i think they work with other states as well, or can hook ya up). They represent 9 major carriers for motorcycle insurance, and you can get discounts for rider training, owner's group membership, all the fun stuff.

First off, the guy I spent time with on the phone explained that the uninsured/underinsured motorist coverage I had with progressive was basically redundant coverage--long story short, if I dropped it, I'd still be completely covered by my Collision, my rates might go up $100 a year for three years, but I was paying $170 a year for the Under/Under coverage, so even if that happened, I'd be $300 ahead of the game in the end).

Dairyland was significantly cheaper than Progressive, and Geico, but American Modern was $30 cheaper than that...

long post short, after adjustments, etc., my '04 LT coverage just went from $535 a year to $255 a year.

Oh, I asked him "so, what's it gonna' cost if I find a way to add a concours14 in late spring?" They don't have a direct rate from any insurance carrier yet, but estimates for me were about $450 a year (this was based on the '07 concours rate, funny because there is no such animal, and the increased HP), and he agreed that once the carriers realize it's actually a rocketship with saddlebags, it'll probably go up, but he thought only $150 or so...


Thought I'd share...



P

[dlbushey]

First off, the guy I spent time with on the phone explained that the uninsured/underinsured motorist coverage I had with progressive was basically redundant coverage--long story short, if I dropped it, I'd still be completely covered by my Collision...

P

Here in Michigan, it's very rare to find an insurance company willing to write UNDERinsured coverage. It is a big deal here. I assumed that uninsured/underinsured coverage was rolled together like on my car, but on my Harley there was no underinsured.

My lawyer informed me that my settlement from the accident I had last March was a no brainer. According to precedent here, based on the extent of the injuries that I sustained, I would be entitled to a certain amount of money. Because the person that hit me had minimum insurance, I have to settle for about one fifth of what I'm entitled to. If I had underinsured coverage, I could make a claim against that.

I've lost a year of my life because of these injuries. There is no amount of money that can compensate me for that lost year. But money sure would make my life easier NOW. As long as I live in this state, and the insurance regulations stay the same, I won't be caught without uninsured/underinsured coverage.

[petevandyke]

Texas is a no-fault insurance state (I still don't quite understand that concept) which further complicates it. Recommended amount for collision is something like 50K and recommended for underinsured is 100K, I have 300K on my collision, so if I get dinged by an underinsured driver, I can tap into my 300K, which is twice the recommended, yet I am saving 40% annually now.

hell, I don't know, it sounds good...if I can save enough on bills I can convince the other half to let me get that k1200S that haunts my dreams...

[gunny]

Insurance is like carrying a pistol. You hope you never need it but if you do, you hope its big enough to get the job done.

[deputy5211]

Texas is a no-fault insurance state (I still don't quite understand that concept) which further complicates it. Recommended amount for collision is something like 50K and recommended for underinsured is 100K, I have 300K on my collision, so if I get dinged by an underinsured driver, I can tap into my 300K, which is twice the recommended, yet I am saving 40% annually now.

hell, I don't know, it sounds good...if I can save enough on bills I can convince the other half to let me get that k1200S that haunts my dreams...

No-fault insurance in Texas?? Maybe you should recheck that. . .

I am not a licensed insurance agent or broker, and I am certainly not giving advice, but the following is my personal understanding of insurance in Texas (and I may be wrong, as I often am).

In Texas, fault(blame) is typically assigned in a collision, and the responsible party (or their insurance company) would be on the hook financially.

Uninsured coverage is for when you get hit by Ima Uninsured-Driver. Since she has no insurance, you can usually only collect IF you have uninsured coverage.

Underinsured coverage is for when you get hit, the other driver is at fault, but your loss is greater than the limits of their policy. By way of example: If they have a $50k limit, and your loss is $75k, your underinsured coverage may be available to bridge the gap.

In a no-fault state, your insurance pays to make you whole, and mine takes care of me.

YMMV. ;)

[UncleRock]

Progressive sucks ass, they only offer things that are advantageous to their bottom line unless the state forces them to do other wise.
I had looked at Dariyland before, but they didn't offer enough leeway to cover the things I was carrying at the time. Cameras, camcorder, helmet cam, laptop, pop up trailer all that crap with supporting gear comes in at 12-15K in accessorii coverage that is not hard mounted (bolted, or permently attatched) to the bike.
Maybe I should talk to them again
Rock

[tmgs]

Hey all...

I've been with Progressive for three years, everyone and their mother has recently recommended to me that "you need to look at Dairyland Insurance."

So I did.

Got hooked up with TWFG Insurance Services (932-364-6630 if you're interested http://www.buymotorcycleinsurance.com for Texas, but i think they work with other states as well, or can hook ya up). They represent 9 major carriers for motorcycle insurance, and you can get discounts for rider training, owner's group membership, all the fun stuff.

First off, the guy I spent time with on the phone explained that the uninsured/underinsured motorist coverage I had with progressive was basically redundant coverage--


Huh? If that guy is talking about UM bodily inury he is full of shit!
Why did he say that?
UM is one of thee most important coverages you can have, this guy sounds like the guy that sold me insurance before I got hit by a uninsured motorist that never had to pay out a dime!

UM protects YOU if/when the other motorist has either No coverage or little coverage! and the accident is not your fault!!! DO NOT go without UM!!

if you are dropping your UM because of the ins sales man you are getting a snow job!

here read this!
http://www.bikershut.net/mc_ins.htm

and learn about mc coverages then go talk to a Personal Injury Attorney in your state to find out just how bad this really is!!

and just to let you know Dairyland was the same comapny I had when I got hit the ones that never wanted to sell me UM! they suck suck suck,

YOU NEED UM Stacked if possible!! it covers you!




long story short, if I dropped it, I'd still be completely covered by my Collision, my rates might go up $100 a year for three years, but I was paying $170 a year for the Under/Under coverage, so even if that happened, I'd be $300 ahead of the game in the end).

Dairyland was significantly cheaper than Progressive, and Geico, but American Modern was $30 cheaper than that...
P


because they are dropping your UM!! they are dropping your bodily injury UM is what they are doing to save you that much money! start calling other comanies like State Farm for instance

you want UM if you can stack it on all your vehicles you can get HIGHER coverage with the same payout

FYI
50k stacked UM on 6 vehicles is 300k UM

one more time
PLEASE READ THIS
http://www.bikershut.net/mc_ins.htm



Tom

[tmgs]

Here in Michigan, it's very rare to find an insurance company willing to write UNDERinsured coverage. It is a big deal here. I assumed that uninsured/underinsured coverage was rolled together like on my car, but on my Harley there was no underinsured.

My lawyer informed me that my settlement from the accident I had last March was a no brainer. According to precedent here, based on the extent of the injuries that I sustained, I would be entitled to a certain amount of money. Because the person that hit me had minimum insurance, I have to settle for about one fifth of what I'm entitled to. If I had underinsured coverage, I could make a claim against that.

I've lost a year of my life because of these injuries. There is no amount of money that can compensate me for that lost year. But money sure would make my life easier NOW. As long as I live in this state, and the insurance regulations stay the same, I won't be caught without uninsured/underinsured coverage.

BINGO

you we lost almost everything from getting huit by a un insured motorist , I had no UM myself because of my (Dairly land ) Agent darn near three years flat on my back

UM and dissability policies are your best friends in this sport

I tell everyone that asks

take away your income for 6 months or a year or three and then decide what you need to spend on Motorcycle insuracne, the second name companies like Dairyland never tell you just how different motorcycle coverage is than your auto policy, the agent actually told me my personjal injury protection would cover me on my motorcycle

well it does not I needed UM on my bikes they lied to me.

[tmgs]

Progressive sucks ass, they only offer things that are advantageous to their bottom line unless the state forces them to do other wise.
I had looked at Dariyland before, but they didn't offer enough leeway to cover the things I was carrying at the time. Cameras, camcorder, helmet cam, laptop, pop up trailer all that crap with supporting gear comes in at 12-15K in accessorii coverage that is not hard mounted (bolted, or permently attatched) to the bike.
Maybe I should talk to them again
Rock

Dont waste your time with Dairly Land Rock. (at least in FL I was told that by two PI lawyers)

You know enough folks in the industry to find a gfood PI lawyer in your state to talk to. Most will do it free.

There are a few questions that are important
ask who pays personaly injury claims quickest and easiest!

The large ones! not just ones for road rash and a simple broke arm, one that may have you down for 6 months a year ect ect.

Ask what the Un/Under Ins um laws are,
Can you stack it? limits? ect ect In GA it is automatically stacked IOW we have 4 bikes 3 cars insured so we have 7 stacked policies

if your UM coverage is 100l you now can possibly collet up to 700k in um benifits if IF the accident is NOT your fault (your states laws may vary)

If you depend on a legitimate income (all on the books)
ask about short term and long term disability income policies most cover 60-or 70 % of your pay

www.bikershut.net/mc_ins.htm

Tom

[UncleRock]

Dont waste your time with Dairly Land Rock. (at least in FL I was told that by two PI lawyers)

You know enough folks in the industry to find a gfood PI lawyer in your state to talk to. Most will do it free.

There are a few questions that are important
ask who pays personaly injury claims quickest and easiest!

The large ones! not just ones for road rash and a simple broke arm, one that may have you down for 6 months a year ect ect.

Ask what the Un/Under Ins um laws are,
Can you stack it? limits? ect ect In GA it is automatically stacked IOW we have 4 bikes 3 cars insured so we have 7 stacked policies

if your UM coverage is 100l you now can possibly collet up to 700k in um benifits if IF the accident is NOT your fault (your states laws may vary)

If you depend on a legitimate income (all on the books)
ask about short term and long term disability income policies most cover 60-or 70 % of your pay

www.bikershut.net/mc_ins.htm

Tom
Right now I'm running State Farm (stacked for all my stuff) also, it took a while for the agent to explain things to the underwriters dept. The girls were told by the underwriter, that they couldn't write to cover all my stuff. my agent got that changed by going over their heads to the main office.
(It ain't like I'm a name on a paper, his office was less than a 1/4 mile from my shop and less than 100 feet from my bank, We saw each other almost everyday for 10 years)
Rock

[tmgs]

Right now I'm running State Farm (stacked for all my stuff) also, it took a while for the agent to explain things to the underwriters dept. The girls were told by the underwriter, that they couldn't write to cover all my stuff. my agent got that changed by going over their heads to the main office.
(It ain't like I'm a name on a paper, his office was less than a 1/4 mile from my shop and less than 100 feet from my bank, We saw each other almost everyday for 10 years)
Rock

I use SF as well I've been quite happy with them and thier advice has been spot on, can you tell me more about the information you got to cover all your stuff on the bike please, since we are adding more and more all the time i would like to increase my current 1000 wortht he coverage

then again your state may differ than Ga

Thanks!
Tom

[UncleRock]

I use SF as well I've been quite happy with them and thier advice has been spot on, can you tell me more about the information you got to cover all your stuff on the bike please, since we are adding more and more all the time i would like to increase my current 1000 wortht he coverage

then again your state may differ than Ga

Thanks!
Tom
Ask your agent, all they need is pictures and receipts most times. Where they start to balk is when you get $40,000 of bolt on goodies, that can be un bolted sold when bike is reported stolen, bike turns up minus parts. still has good title can be put back together with the stock parts and sold Only loser in that game is the ins co. and they have learned that the hard way.
Rock

[deputy5211]

I have Progressive, been with them for about 8 years. I have pretty high limits, and just recently looked at my policy and saw no UM/UIM. I fired my agent for leaving me exposed like that, added the coverage, and find that I'm not getting the great deal that I thought I was now that I am properly covered.

I will be shopping coverage on my motorcycles, today. Thank you, Pete, for the reminder and wake-up call!

[juggler]

Having just gotten married we are trying to consolidate Mrs. juggler's policies with mine. When I was meeting with my agent last week, he said: Your liability coverage should be roughly equal to your net worth, 'cuz if you hit someone these days, if they aren't happy with the insurance settlement, they'll just sue you for everything (else) you have. I guess it made sense at the time.


As a (hopefully) humorous aside....

I subscribe to RIDER magazine. Every issue has lots of ads for motorcycle insurance. Each one wants you to believe that their employees ride bikes, know bikes, understand bikes, live, eat, sleep, and breathe bikes. Every couple of months, there's even an outer cover on the magazine from a certain insurance company with a form to fill out and send in to get a quote.

So, just out of curiosity, one day, I pulled the thing back out of the recycle bin and filled it out and sent it in. I think at the time I had the GL1500, my 1977 R75, and the 1981 Honda CB650 Custom I had gotten for my fiancee to learn to ride. That CB650 is a great bike, by the way. The last of the mild SOHC inline fours from Honda.

So, a couple of weeks later, I get a form letter back....

Dear Mr. Juggler,

We are sorry that we are unable to provide insurance for your vehicles...blah, blah, blah, all motorcycles in the household, blah, blah, one policy, blah, blah, the following vehicles for the following reasons:

1981 Hon CB650C -- Not Eligible -- High Performance :rotf:

[SilverBuffalo]

I'm no expert on insurance companies,
but I did have the unfortunate experience of dealing with one last year,
What I've learned is you get what you pay for,
what's really important is not how cheap you can get insurance for,
It's how are they going to treat you when you have a problem.
I know I pay a little more with State Farm, (they have everything I own)
When it came time for them to pay for my totaled LT,
they treated me better than I expected,
if I were to calculate the difference between what I've been paying State Farm
vs the bargain insurance companies,
lets say over the last 10 years and put that up against the quality of service
and ease getting paid of for my claim,
I think I'm ahead and I'll stay right where I'm at, thank you..

[rotax07]

I just dealt with the insurance agent yesterday. I picked up a 07 Dakar last friday and the premium was 384.95 which I thought was ridicules. My 05 LT is 342.98, I can't see why a 8000.00 bike cost more then the 16000.00 LT. She said it was due to risk factors. I told her I was going to check around for something cheaper. Well in my checking that was the best deal out there. Progressive was next at 444.00 for the Dakar and 667.00 for the LT. The coverage through Allied is 500/500/500 and also covered under my 1,000,000.00 umbrella policy. So I guess I'm staying put.

[juggler]

My two cents: Before you switch, talk with your agent (in person if possible). Ask him or her if you are getting all the discounts you can, if there's anything you should adjust to balance your coverage, deductible, and premium.

I'm 19 years older than I was when I first started doing business with Farmers. In those 19 years, my salary and other resources have gone up considerably. I thought a $100 deductible was a lot of money back then. Now, I can easily absorb $500 or $1000 or more. In fact, I don't carry comprehensive or replacement coverage on my daily driver -- a 12 year old Miata. I paid cash for the car, and I could pay cash for another one just like it. It's the equivalent of being "self-insured".

About ten years ago, the premium on my car broke the $500 mark. I called my agent and told him I thought that was awfully high. He asked me if I had had any accidents or tickets in the previous five years. I hadn't. He said that qualified me for their super-duper-preferred rate, and my premium dropped $200. But I had to make noise to get it.