My turn! what are we talking about!?
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Seeing RED - Insurance blues or SCAM
- Thread starter saddlebum
- Start date
OpenGambit
Banned
You consider 200 dollars over 2 years "taking it up the ***?"
Wow you are pretty cheap.
A 20-25% increase seems to be nothing, these days. If you have a clean record shop around, and you'll be saving some money. When I renew next Spring, I'll almost be cutting my bike insurance costs in half by changing providers.
Back in the early years of this millennium I received a 54% insurance increase, with no current at-fault claims. In 1995 I was paying $2600.00 a year, on a new GPz1100, because it was black listed and I got stuck on Facility. There are worse things than a $200.00 increase.
Back in the early years of this millennium I received a 54% insurance increase, with no current at-fault claims. In 1995 I was paying $2600.00 a year, on a new GPz1100, because it was black listed and I got stuck on Facility. There are worse things than a $200.00 increase.
viper84737
Well-known member
I would be more than happy to take your $200 monthly. Or weekly. Or daily. What's that? You don't want to pay? Cheapass.
OpenGambit
Banned
I just don't use ridiculous hyperboles.
suzuki2000
Well-known member
[B said:
I second the request... My insurance isn't really high, but I am now 40, have been riding for some time, have a full m and have a completely clean record on bikes, cars, homes, aircraft, weather balloons, kites, running shoes,....
I would love to get a bigger bike, the cost to purchase isn't prohibitive, but paying a few thousand dollars a year to ride just doesn't fly. If I could get a litre plus bike (sport or sport touring) at that type of rate, I might just be shopping
All the insurers want the top 10% of 'safe' operators, so they'll bribe you away from your current company if you fit the bill. After that they constantly bump the rates, (rightly) counting on client inertia to keep them. My auto insurance was going to be going up substantially this year, because my broker switched carriers in order to "better serve their clients." I think that it was going up almost $600.00. I managed to find coverage that was almost $200.00 under what was my then coverage, let alone the boosted rates.
Shopping around pays.
dude anything sub 1000$ is good...stop complaining.
USA has what 300 million peeps? canada has like 30 mil?
no wonder they have cheaper insurance....
also some states have some really shotty insurance laws, try getting your money in a timely fashion when you bike gets jooked!
state farm had a hell of a pay out for me within 10 days...no fuss
USA has what 300 million peeps? canada has like 30 mil?
no wonder they have cheaper insurance....
also some states have some really shotty insurance laws, try getting your money in a timely fashion when you bike gets jooked!
state farm had a hell of a pay out for me within 10 days...no fuss
viper84737
Well-known member
Argh, how can having more people translate into lower rates? The per-capita payout must be the same, unless Americans are simply better drivers than Canadians (and thus a lower expected claim payout). The mathematical expectancy of a failure and the cost of that failure must also be proportional to population. Someone explain to me mathematically how having more people translates into lower rates while keeping fixed the expectancy of payout.
If you flip 10 coins, you can expect on average to get 5 heads and 5 tails
If you flip 100 coins, you can expect on average to get 50 heads and 50 tails
If you flip 1000 coins, you can expect on average to get 500 heads and 500 tails
If you flip 10000 coins, you can expect on average to get 5000 heads and 5000 tails
How can flipping a coin more times mean a probabilistic change in the number of heads or tails, and thus the expectancy? It doesn't. Now translate this into insurance payouts and probabilities. Are Americans simply better drivers? No. Do their accidents somehow cause less damage? No. Simply, there is more insurance competition, and they know they can't rape your buttholes to tiny pieces as much as Canadians allow for it to happen up here.
If you flip 10 coins, you can expect on average to get 5 heads and 5 tails
If you flip 100 coins, you can expect on average to get 50 heads and 50 tails
If you flip 1000 coins, you can expect on average to get 500 heads and 500 tails
If you flip 10000 coins, you can expect on average to get 5000 heads and 5000 tails
How can flipping a coin more times mean a probabilistic change in the number of heads or tails, and thus the expectancy? It doesn't. Now translate this into insurance payouts and probabilities. Are Americans simply better drivers? No. Do their accidents somehow cause less damage? No. Simply, there is more insurance competition, and they know they can't rape your buttholes to tiny pieces as much as Canadians allow for it to happen up here.
invictus43
Well-known member
What's the difference in coverage?
+1
we get certain levels of insurance that are required from everyone for liability standards where as uhmerikans get the choice of getting sued to bankruptcy if anything were to happen to the other party
viper84737
Well-known member
How does $80/month comprehensive coverage for a GSXR 600 in California sound? Cause I met a guy younger than I am, with no more years of riding experience than I, who had such a plan.
Who here pays $80/month for that? I have a relatively low rate, given the other lamentations I've read on this site, and even I don't pay that little.
Who here pays $80/month for that? I have a relatively low rate, given the other lamentations I've read on this site, and even I don't pay that little.
invictus43
Well-known member
That's nice..but try answering the question..what's the difference in coverage?
http://www.dmv.org/ca-california/insurance/motorcycle-insurance-minimum-requirements.php
Here is the minimums for that state...
viper84737
Well-known member
It was in the 1-2 million range, but I don't recall on which end of the spectrum that was, it was over a year ago.
Whatever it is/was, do we even get the opportunity to get that level of coverage here?
That is expensive for there, I have seen people pay $125/YEAR, Yes I know their coverage is about $25,000.
Also I pay $71/month for full coverage here on a SS??? I don't really understand your point?
viper84737
Well-known member
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