State Farm Playing A Game, Please Chime In I Need EDUCATED Answers.

[omnivore]

A couple yrs ago, State Farm switrched from lumping all bikes of the same engine size together. They began actually calculating rates based on which specific models cost them the most in claims, just like they do with cars.
It was the last yr I had my GSXR1000, and they called me to tell me my rate fell $180 because surprisingly, they said it seemed the 600 and 750 were the bikes involved in way more claims than the 1000cc version of the GSXR.

COuld be the 636 is involved in more claims than the GSXR600 or the R1.
To add to this, State Farm offers ZERO reduced rate for many yrs of responsible riding. I have had my full M for 24 yrs, and yet my wife qualified for the same rate class as me, when she got her M1 at 33 yrs old, because she had a car licence for more than 5 yrs, and no tickets, accidents or claims.

 

[booter22]

Not a broker, but two things come to mind. One, I remember the 636 being a special case for State Farm, in that they treat it the exact same way as they do all other bikes. I.e. they grade bikes on displacement, and the 636 exceeds the threshold for the "600" class and so is generally a bit more expensive.

Two, are all these quotes on the same payment plan? I seem to remember it being less expensive when you pay as a lump sum vs montly, but I could be remembering wrong

i was told by sf that the quoted cost for my zx6r was the same between a 500cc and 700 ( or 750 ) so as long as it wasnt over it wouldnt matter on the bikes ccs.

 

[frekeyguy]

believe me man I know that. Ive been riding for a long time and I agree with the "pay to play" mentality. My stunt bike cost me a ****ing fortune because its almost completely built with all the best parts (almost.... Hopefully that changes this year and its completely).

I also know that they use a SF computer program so they dont set the rates, SF actuary do. but heres the bottom line, As I stated in the begning, I am aware SF's rate for me is a good rate and thats not the complaint, the complaint is in inequality for exactly the same circumstances. there is now only TWO insurers who will cover SS's, SF and TD. (allstate in very specific cases.) so Ill never be able to "find another insurer". I just need to 1) let everyone know not to just believe the ******** an insurer is handing you, fight for what is right and what is fair. and 2) I need help from "EDUCATED" people in the insurance industry (as there is a few claiming to be on this forum) to help and explain the possible reasons for this. Its time that the insurance company's get called on there ********. Were too docile about being ****ing sodomized over and over in this Provence and we need to pull our heads out of our ***** and see whats going on. we all talk about the ******** were dealing with with insurance, but no one ever does anything about it and the government and insurance company's pockets just keep getting fatter and fatter while we loose all of our freedoms. Just wait. 5 years more and it will be impossible/so expensive to insure an SS that no one will have insurance and all the ss's on the road will be runners. Im not calling conspiracy here, but were told were a free society, but this is how a government and industry's control people. Telling us were free and then making the things they dont want us to do so un-achievable that its impossible to do so no one trys.

. Are you going to disclose to your insurer that your bike is setup as a stunt bike?

Not a broker, but two things come to mind. One, I remember the 636 being a special case for State Farm, in that they treat it the exact same way as they do all other bikes. I.e. they grade bikes on displacement, and the 636 exceeds the threshold for the "600" class and so is generally a bit more expensive.

Two, are all these quotes on the same payment plan? I seem to remember it being less expensive when you pay as a lump sum vs montly, but I could be remembering wrong

This is true. ZX6RR is 599CC, ZX6R is 636 CC.

For statefarm, bikes between 500-599CC is one rate class , 600CC-749CC is one rate class, 750CC-999CC is one class....etc.

So:
1. It makes sense that the GSXR 600 is costing less to insure.
2. What is the deductible for the R1. Vs your 636 ? What is the level of coverage?
3. Is that R1 being bundled with car insurance?

If everything is equal, The most expensive would be the R1, then your 636, then the gsxr600.....


Also, you are saying your drivers record is perfect - do you have a drivers abstract to prove it?

Recently received a letter saying my policy would be cancelled / surcharged extremely as they were reading my 'one' infraction as being 'two' on their screens, after submitting my abstract I am saving by 13% now...

 

[Kyle]

Ok, I'm going to say this one more time lol.

I have had 3 quotes done,

1- me on 636 at my address
2- me on r1 at my address
3- me on gsxr6 at r's address

again, NO COMPREHENSIVE AND NO COLLISION, so NO DEDUCTIBLES. yes I DO have a drives abstract to prove that.
and No, I have no reason to tell them my bike is setup to stunt, because Im not insuring my stunt bike, Im insuring my road bike. I own 4 bikes. I was only using the stunt bike as an example of understand the "pay to play" mentality

the bikes are the same between the three, we have all been quoted on all three bikes and the two address (as in, I had the broker punch in my address (witch is the same address as the owner of the r1's) and quote me on the exact same r1, and then punch my address in as the owners of the gsxr's (as if I lived in the same house) and quote me on the gsxr at that address.)

 

[iFly55]

Are the other drivers married or engaged?

???

 

[RickT]

I doubt anyone will be able to fully explain how State Farm's pricing model works (other than perhaps VifferFun if he chimes in). I've worked on pricing models for other products and they don't always make 100% sense when you look at the input compared to the quote. I'm assuming their model takes into account all the items you have described, compares it to their claim experience and spews out the quotes you've received . Maybe the fact that you keep coming out higher would indicate a flaw in their model or perhaps it's something there by design based on their experience. Ultimately you'll never know.

For fun you should see if TD/Melloche comes up with the same answer? I'm pretty sure you can get some on-line quotes and see.

 

[Kyle]

I was hoping viffer would chime in but I guess I wont get that lucky, seeing as he seams to be the most knowladgable person on here about realistic insurance situations.

Ps. TD wants 2400~ a year I believe my quote was, to SF's 1740~ but they havent goten quotes with TD... That may be a good comparison tho.

 

[iFly55]

Did you consider that State Farm's premiums went up between the time that your friends locked their rates, and your requested quotes? Maybe your friends will pay higher premiums when they renew this year?

If you look at the Insurance increase thread http://www.gtamotorcycle.com/vbforum/showthread.php?179110 The same members a few months ago could've told their friends they're paying $1400/yr. But come renewal time they're asked for $1600/yr.

Their friends will be kicking and screaming because with similar driving history they were quoted for $1600/yr and not $1400/yr. Are you following me on this scenario?

Lets say Client A and B have the same driving history.

Client A tells Client B that he's paying $1000/yr. Client B asks for a quote and gets $1200/yr.

Client A on his 2014 renewal is also paying $1200/yr.

Not sure why you're ignoring the marital status, because being married does drop your premiums.

 

[Kyle]

marital status does not effect SF's insurance premimums (or anyonelses any more. I know this as a fact because Ive told them of my engagement and wanted to know the policy difference once I signed the marrage cert) Ive been told by not only SF but by TD(my car insurer) and have been told it no longer effects rates.


Not to mention Ive given up trying to tell people THERE IS 0 DIFFERENCE BETWEEN THE QUOTES OTHER THAN THE ORIGNAL PERSONAL INFO POSTED. IE IF ONE OF US WAS QUOTED AS MARRIED ALL OF US WERE, IF SINGLE ALL OF US WERE. WE ALL HAD THE EXACT SAME COVERAGE AND THE EXACT SAME STATUS NOTHING WAS DIFFERENT EXCEPT OUR NAMES AND OUR RIDER EXPERIENCE. I refuse to address this again Sorry.

Also They were quoted as if they were renewing on the day the quote was done. (as one of them was, and the other did it for sake of this discussion)

 

[Macs]

What someone above said^ the 636 is probably classed as higher risk than the R1, only logical explanation.

 

[iFly55]

What someone above said^ the 636 is probably classed as higher risk than the R1, only logical explanation.

before kyle detonates like an atomic bomb... you missed the part where he wrote

Quick Recap.

Me on R's gixxer at R's house- 180$ MORE THAN HIM
Me on M's R1 at our mutual address-360$ MORE THAN HIM

This makes 0 sense

Even if he was riding the R1 or Gixxer, he'd still be paying more.

 

[drumstyx]

Does either M or R belong to a professional organization or alumni association? Anyone in R's house also have a SF policy? Did M make sure to tell his broker that there is another M licensed driver in the household, because if you're telling your broker that, it may make a difference. In any case, make sure you're quoting with the same broker they use, then see if you can quote as if you ARE M, and see the difference.

 

[Kyle]

Thank god ifly55 gets it.... Its amazing how many times I say this and no one seams to get it.

I live in an apartment building. There is no other M licensed drivers in my home, How ever even if there was this was taken into account when the quotes were done. Like I said, the quotes were done by a broker who is insuring M and R so when I questioned her on this she looked up there files, took there name only out, plugged mine in, and the quote came out higher.

Never mind, Im beating a dead horse as clearly no one has a ****ing answer and yet again Ive been able to prove that our insurance organizations are ****ing theifs.

 

[Torren]

Thank god ifly55 gets it.... Its amazing how many times I say this and no one seams to get it.

Never mind, Im beating a dead horse as clearly no one has a ****ing answer and yet again Ive been able to prove that our insurance organizations are ****ing theifs.

There certainly some mind blowing reading comprehension failures in this thread.

To answer your question, insurance is just hooping you because they can. It's what they do best. Your not going to get a better answer then that, because greed is the only answer.

 

[hedo2002]

Thank god ifly55 gets it.... Its amazing how many times I say this and no one seams to get it.

I live in an apartment building. There is no other M licensed drivers in my home, How ever even if there was this was taken into account when the quotes were done. Like I said, the quotes were done by a broker who is insuring M and R so when I questioned her on this she looked up there files, took there name only out, plugged mine in, and the quote came out higher.

Never mind, Im beating a dead horse as clearly no one has a ****ing answer and yet again Ive been able to prove that our insurance organizations are ****ing theifs.

You are asking people who are NOT insurance brokers or agents to give you a FACTUAL answer. I agree most haven't comprehended what you have stated. I got it right from the beginning. But it is like asking us why garage A is charging your best friend less to fix a vehicle then what they quoted you to fix the same vehicle. Unless we know the industry we can only GUESS. If you want to pursue it further then why not contact IBC, (Insurance Bureau of Canada), and ask them to investigate. You can also contact FSCO, (Financial Services Commission of Ontario), who is the regulatory body for insurers in Ontario and ask them to investigate.

My "uneducated guess" that your agent messed up somewhere along the process, maybe she changed names but not ages etc...

 

[fastar1]

I have she can't come up with any answers. No one can explain it other than. I have just definitavly proven that there is NO logic to the insurance industry and they are full of **** they just charge who ever they want what ever they want

It's possible State Farm have revised their rate structure since M and R got their insurance, and they'll get an increase in their next renewal but you're seeing the higher rates now.

 

[evang]

Welcome to Ontario. The only province where insurers pretty much get free reign to basically charge consumers as much as they want.

 

[Kyle]

I was hoping that the one or two people on this forum who are in the industry would have answers, Since they chime in on almost every other thread on here when some one is asking questions pertaining to insurance. I guess just not when some one has caught the industry in a lie.

PS. on "fastar1's" comment, R's rate wont increase (I was told by the agent anyhow) and M called the same day for a quote (as he just turned 25 as well and hi bike was only f&f or something for the last year) so both rates mentioned in the first post are accurately quoted as if they are receiving a new policy on the same day as me.

 

[Kyle]

Welcome to Ontario. The only province where insurers pretty much get free reign to basically charge consumers as much as they want.

No one ever wants to believe me when I tell them that the insurance industry runs free with out balls in the vice. Everyone thinks theres some regulations they have to follow.... Yeah just like gas prices being the same at every single station in the city isnt price fixing.

 

[Kyle]

Just found this on the fsco website. this is ontario and we dont stand up for our selves here, so this wont matter to anyone but Ill post it anyways for the people in here who actually care if they are getting ****ed by insurance...

[h=2]What Insurance Companies Can't Use to Determine Rates[/h]
Your insurance company cannot use the following rating criteria to determine how much you should pay for automobile insurance:

• credit history;
• bankruptcy;
• employment status;
• whether you own a credit card;
• how long you have lived in your current home;
• accidents where you are less than 25 per cent at-fault where the accident occurred on or after September 1, 2010;
• not-at-fault accidents;
• whether your vehicle is owned or leased; and
• whether there was a period of time where you had no automobile insurance coverage.