Rider Insurance Policy Change
- Thread starter JRT88
- Start date
I paid $260 for my FZ6R through Rider, I think $251.24 isn't bad considering your age.I email them today and this was their response:
Thank you for contacting Rider Insurance. There are actually several models of motorcycles for which we had to change the classification to Sport/High Performance. Aside from the manufacturers listing them as such, we have experienced an alarming increase in claims for these motorcycles over the past few years. With respect to your renewal offer, you will have an increase in premium. Your total annual premium for the new term is $251.24. Please let us know if you have any other questions or concerns. Have a great evening!
Last year my rate was $120 for the year, thats more than double. Im 25, i had one speeding ticket when i was driving my car 3 years ago which was out of state and i didnt get points for it.
Thats the bad thing when it comes to "no fault" laws...I wish insurance was this cheap in Canada.
I would be paying $2200/year with no accidents, no tickets, and I'm over 25...I'm just fortunate there's still one insurance company in my area that strikes deals, but I'm still paying more than you guys at $550/year.
My rate doubled when I went from Indiana to Kentucky with Kentucky being a "no fault" state.
No collision (wreck) or comp (stolen) on mine, which is why its $110 a year. Your quote with Rider is $165 a YEAR with comp and collision???Yours isn't collision though, right? I think his included collision. My quote with Rider is $165 full coverage 50k/100k coverages for liability um/uim. 250 deductibles. Collision covers motorcycles up to $45,000 including $8000 in accessories and roadside assistance. Right now I pay $450ish for full coverage a year and coverages aren't as high (that's Progressive). Liability only on Progressive is next to nothing.
Redid my rider quote last night with maximum coverages and lowest deductibles possible and my premium came to $228. Only reason I even tried going that high was to try to get to $200 to do a 4 pay. Took the lowest deductible and highest coverages to break $200 a year. Gonna change over soon.I paid $260 for my FZ6R through Rider, I think $251.24 isn't bad considering your age.
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Yeah and not even lowest coverages.No collision (wreck) or comp (stolen) on mine, which is why its $110 a year. Your quote with Rider is $165 a YEAR with comp and collision???
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WTH, I was quoted like 120 a month with comp and collision. 165 a year seems ridiculously low. Must be good old California which I don't think rider servicesYeah and not even lowest coverages.
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ok so I just went to "add" another FZ6r to my policy with full coverage, went from $216 per year for 2 motorcycles with min coverage to 1032 per year with 3 adding the full coverage.
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No mostly northeast and Virginia, West Virginia. I am sure they factor in most riders not riding all year long here. In cali you guys can ride year round for the most part. I may get 7 months if I am lucky.WTH, I was quoted like 120 a month with comp and collision. 165 a year seems ridiculously low. Must be good old California which I don't think rider services
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Based on claims/crime in certain zip codes too. I moved 2.5 hours away, still in IL, and all my insurance rates went down by at least 10%, just because of location.No mostly northeast and Virginia, West Virginia. I am sure they factor in most riders not riding all year long here. In cali you guys can ride year round for the most part. I may get 7 months if I am lucky.
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I can't wait until I turn 28 this summer, here's to hoping mine goes down.
WTH, I was quoted like 120 a month with comp and collision. 165 a year seems ridiculously low. Must be good old California which I don't think rider services
ok so I just went to "add" another FZ6r to my policy with full coverage, went from $216 per year for 2 motorcycles with min coverage to 1032 per year with 3 adding the full coverage.
Yeah, I pay $38/month now for comp/collision with Progressive. It's not that it's super expensive, but if Rider is a stand up company and is WAY less then it's time to make the move. $228/year (19/month if broken down that way) in 4 payment vs 38/month x 12 payments. Better coverages with Rider as well. They seem biased towards cruisers and standards though. Think they still consider the FZ6R a standard. Accessory coverage is $8000, but only for non-sport/performance bikes. I understand sport bikes are more expensive in crashes, but many of my friends at work have $20,000+ Harleys compared to my $6000+ 6R. LOL!
Damn, cost of living in California I tell ya!Yeah, I pay $38/month now for comp/collision with Progressive. It's not that it's super expensive, but if Rider is a stand up company and is WAY less then it's time to make the move. $228/year (19/month if broken down that way) in 4 payment vs 38/month x 12 payments. Better coverages with Rider as well. They seem biased towards cruisers and standards though. Think they still consider the FZ6R a standard. Accessory coverage is $8000, but only for non-sport/performance bikes. I understand sport bikes are more expensive in crashes, but many of my friends at work have $20,000+ Harleys compared to my $6000+ 6R. LOL!
Headlessmunky
New Member
I emailed Rider and this is their response:
"Hello,
Thank you for contacting Rider Insurance. Rider’s Motorcycle / ATV Classifications are based on the insurance risk associated with the particular makes and models. This is something that is reviewed periodically and adjusted according. Unfortunately, due to the high losses associated with your type of motorcycle, it was reclassified and is now considered a high performance vehicle under the Rider guidelines. With respect to how this will affect your renewal, you will see an increase in premium. The new premium amount for the upcoming term is $1561.00."
I went from $268/year to $1561/year. I am 21 with a clean record, I am married, and a solid 3.5 GPA.
"Hello,
Thank you for contacting Rider Insurance. Rider’s Motorcycle / ATV Classifications are based on the insurance risk associated with the particular makes and models. This is something that is reviewed periodically and adjusted according. Unfortunately, due to the high losses associated with your type of motorcycle, it was reclassified and is now considered a high performance vehicle under the Rider guidelines. With respect to how this will affect your renewal, you will see an increase in premium. The new premium amount for the upcoming term is $1561.00."
I went from $268/year to $1561/year. I am 21 with a clean record, I am married, and a solid 3.5 GPA.
Collision and comprehensive and that's per year? I thought mine was cheap but I guess not.I just did a quote with them for the highest limits $312.79
Yep, all limits maxed out. and 500 deductible.Collision and comprehensive and that's per year? I thought mine was cheap but I guess not.
See now for that i would have gotten full coverage! To go from $120 a year to $1440 a year for collision and comp. is not a financially sound move. I only owe 5k on the bike why would i want to spend 1440 a year to insure 5k?? ok thats it i am moving to the east cost, LOL ok maybe not.Yep, all limits maxed out. and 500 deductible.
Lol.See now for that i would have gotten full coverage! To go from $120 a year to $1440 a year for collision and comp. is not a financially sound move. I only owe 5k on the bike why would i want to spend 1440 a year to insure 5k?? ok thats it i am moving to the east cost, LOL ok maybe not.
My GSXR with the same limits would be $872 though.