Insurance Symbol Change

[jcrawford]

Have any of you had your insurance company change their internal symbol for your bike for your policy?

I bought my policy through Commerce Insurance and the premium was 1320 a year. Today I got a bill stating that I owe $600 by the 19th or my policy will be canceled. Now I am a month behind but that still does not add up.

I am on the phone with my agent and they are telling me that my payments went from $120 to $333 a month based on the symbol change. I am not sure how that could happen and without any notification. I fear there is an error in their system because they stated my policy was increased from 1320 to 2105 and they span that over 11 payments. 2105/11 = 191.36 and NOT 333.

A bit confused here.

[R1]

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Leave commerce. Terrible ins company IMHO. Call liberty mutual and compare cost/coverage.

[Jaynnus]

11 payments for the whole year. Your already partially through the year depending on your policy renewal date.

Looks like you may only have 6 or 7 payments left.

[caddydaddy]

I'm still in shock that you pay that much for bike insurance!

[jcrawford]

on the phone with Liberty Mutual now getting a quote and appears to be $262.75 for both my bike and car which IMO is not too bad considering Geico is charging me $153/mo for my car alone so just under $100/mo for the bike. I am also going to call Encompass per another suggestion.

Looks like Commerce will be left behind this week.

[CBR929RE]

check to make sure the quotes are for the same coverage. otherwise you're comparing apples to oranges.

[jcrawford]

check to make sure the quotes are for the same coverage. otherwise you're comparing apples to oranges.

Yep thanks for that reminder. Liberty Mutual is actually quite a bit BETTER coverage and was cheaper too.

The Commerce I had 20000/40000 the Liberty Mutual was 50000/100000

[TheIglu]

That is one number comparison out of about 7 or 8 you should be comparing.

Also, did you get the 10% off for your MSF course?

[jcrawford]

That is one number comparison out of about 7 or 8 you should be comparing.

Also, did you get the 10% off for your MSF course?

Yep actually with Liberty Mutual all of the coverages were higher than on Commerce.

I am waiting to hear back from Encompass.

I did notify them of the MSF course.

[PinHead]

[The Snowman]

Been with Commerce for over 10 years, no issues whatsoever. Paying $1800 for a bike, a car, and a truck with full coverage on all and $250k/$500k coverage w/ $500 deductibles.

Every time I price it with a different company, it's always more.

I also have my homeowners with them as well.

[daviid]

i had a agent tell me that generally state minimum policies cost more then 50/100 because they tend to be people who are wreckless and are more of a risk. food for thought

[PinHead]

Been with Commerce for over 10 years, no issues whatsoever. Paying $1800 for a bike, a car, and a truck with full coverage on all and $250k/$500k coverage w/ $500 deductibles.

Every time I price it with a different company, it's always more.

I also have my homeowners with them as well.

I was going to say the same. I have a car, truck and bike with Commerce and I am under $1800 a year for all. And that is with full coverage and raised limits.

[jcrawford]

I'm not sure if you have points on your license but I have 2 and soon 4 due to the speeding ticket last night.

I am also not married.

[The Snowman]

Married has nothing to do with insurance rates. And I an a 99, so I am at the lowest rate possible. I also live in a zone 1 area of MA, the lowest rate area in the state.

So, things to do to lower your rate:

1) get older
2) stop getting caught
3) move to the sticks

[CBR929RE]

I'm not sure if you have points on your license but I have 2 and soon 4 due to the speeding ticket last night.

I am also not married.

you should fight that. if you think your insurance is bad now wait till they add that surcharge, you'll be crying. last time I had a bike on the road, my bike and truck were almost $3400 with a surcharge of 6. that was 2 years ago.

[Mustang]

so just under $100/mo for the bike.

I'm fairly certain I wouldn't even own a street bike if this was the cost. Are you young? Is Lynn a bad area? Gixxahhhh 1000? I pay $95/year for full coverage on my Buell - single guy, 28, but homeowner and no tickets.

And in CT, so I have no idea what "symbol" is, so this is probably relatively irrelevant.

[OreoGaborio]

Is Lynn a bad area?

[tsorfas]

4200$ basic for a 92 corolla, 860$ basic for an 06 GSXR 1000.
pretty bad record though way too many tickets

[Mustang]

Hey, some of us non-Massholes only learned stuff like it's not "WOR-chest-er" about 10 years ago

[khuygie88]

4200$ basic for a 92 corolla, 860$ basic for an 06 GSXR 1000.
pretty bad record though way too many tickets

Tell me you hit an extra key....

[tsorfas]

Tell me you hit an extra key....

nope these are the right numbers

[Jaynnus]

Is Lynn a bad area?

Lynn, Lynn the city of sin, you never come out the way you went in!

[OreoGaborio]

... Jane's the exception.

[Jaynnus]

surprise, surprise