Insurance rape?!

frostbite · 03-26-2007, 11:26 AM

Yep. I just tried to renew my Lifan insurance - $578 per year.

They should at least buy me dinner first.

molypod · 03-26-2007, 11:50 AM

WOW..
I won't have to do mine till next oct. Sure hope it doesn't jump that high.
I paid $315 last year after my RoadstarGold discount ($564 without) then add the $33 for license fee and the $36 for ther New Plate and New registration Fee which I won't have to pay this year.

Beerslayer · 03-26-2007, 11:56 AM

Progressive tried that high price with me. Turns out they didn't know how to fit what it was called with the existing classification. If it is a bike they don't have a rate for, they throw a high one at you. Is it Progressive you are using?

red2003 · 03-26-2007, 12:33 PM

Several of us have Progressive for about $75 a year. Are they trying to ramp this up after the first year when the renewal notice comes?? That makes no sense unless you had an accident or ticket to warrant a premium increase???? Frostbite, what you gonna do???

ejcycles · 03-26-2007, 01:28 PM

OUCH!!! That hurts! Dinner wouldn't be enough!

SamM · 03-26-2007, 01:50 PM

Yeah, you should have at least got a kiss!

blimpman · 03-26-2007, 04:57 PM

Quote:

Originally Posted by frostbite

Yep. I just tried to renew my Lifan insurance - $578 per year.

They should at least buy me dinner first.

And free vasoline.....

bfe71730 · 03-26-2007, 06:43 PM

damm, how much is car insurance there?

madmaximum · 03-26-2007, 08:45 PM

You guys need to check out atv-line.com. I had 3 atv's and a ct-110 insured through them for 63 bucks a year. Yes, 63! It was 50 bucks for the atv's, & it jumped a whopping 13 bucks a year to add the bike. I tried to get an online quote from them, but they didn't have roketa listed, so i just stopped where i have my car insurance & got progressive for 75 bucks. Give them a shot, they should have a phone number listed on their website, & if not, I can get it for you.

FMYStreetRacer · 03-26-2007, 08:49 PM

just wondering.... why even bother to insure a china bike? is it the law where you live?

frostbite · 03-26-2007, 08:59 PM

I'm in Canada and we have rather Draconian insurance rates, as you can probably tell. We're required by law to be insured for public liability and property damage - PLPD (minimum coverage @ $200,000). I've also only had my license for about a year which isn't helping matters.

$578 doesn't even cover my bike in an accident, just the 'other' guy. I did manage to get them down to $431 after promising to take the motorcycle safety course. I'd rather put the money into training rather than the Insurance companies pocket.

BTW, we don't have Progressive in Canada.

NewEnglandTrails · 03-26-2007, 09:18 PM

Geez,

Thats excessive... Is Geico up in Canada? They have 2 chinabikes and a kawasaki for $135.00 down here....

NET

FMYStreetRacer · 03-26-2007, 09:56 PM

man that's just crazy. sounds like you motorcycle insurance is getting to be like my home owners insurance down here in Florida.

ambassador · 03-26-2007, 10:18 PM

Man Frostbite, they are just hammering you guys up there between bogus laws and bogus insurance rates, my homeowners insurance went thru the roof last year so I can sypathize with your situation but it's still rediculous... It seems like they are going to put an extra price on any "luxury" item just because big business can and there is not much we can do about it, however my house is not a luxury item...
Our basic liability is $10,000 down here, that covers the other guy, what are you going to hit with your China bike that may cost $200,000, aim for the guy in the ferrari...

zacstewart · 03-26-2007, 10:32 PM

I got minimum coverage with Progressive and it was $79 a year. And I have a wreck and two speeding tickets on my record. What am I doing wrong?

03-26-2007, 11:26 AM	#1
frostbite Join Date: May 2006 Location: Fredericton, NB, Canada Posts: 1,744	Insurance rape?! Yep. I just tried to renew my Lifan insurance - $578 per year. They should at least buy me dinner first. __________________ Frostbite "The beatings will continue until moral improves"
	0

03-26-2007, 12:33 PM	#4
red2003 Join Date: Jan 2007 Location: Northern Vermont, USA Posts: 1,240	Several of us have Progressive for about $75 a year. Are they trying to ramp this up after the first year when the renewal notice comes?? That makes no sense unless you had an accident or ticket to warrant a premium increase???? Frostbite, what you gonna do??? __________________ First Chinabike: 2006 Roketa RSX200E Current Chinabikes: 2023 Titan DLX & 2022 Lifan KP Mini w/ 210cc BRT kit, 22 RWHP!
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03-26-2007, 01:28 PM	#5
ejcycles Join Date: Oct 2006 Location: 11481 State Route 44 Mantua, Ohio 44255 Posts: 1,112	OUCH!!! That hurts! Dinner wouldn't be enough! __________________ Thanks, Bruce @ Endless Journey Cycles "Phone Calls Only" ~330-274-0098~ Hours: Tue.-Fri. 10:00-6:00 Sat. 10:00-4:00 EST. Dealer for: Lifan, Crossrunner ATVs. http://www.endlessjourneycycles.net
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03-26-2007, 01:50 PM	#6
SamM Join Date: Feb 2007 Location: West Virginia Posts: 1,194	Yeah, you should have at least got a kiss! __________________ 2013 Jeep Wrangler Sahara MOAB 2005 BMW E53 X5 2011 Schutt Industries LTT-HC LQG trailer 2017 Coleman CT200U 1978 Yamaha SR500E 1979 Yamaha XS650 Special II
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03-26-2007, 06:43 PM	#8
bfe71730 Join Date: May 2006 Location: South Arkansas Posts: 198	damm, how much is car insurance there? __________________ 2004 KAZUMA CHEETAH 200 2001 Yamaha Big Bear 400 1986 Honda ATC 250ES 1983 Honda ATC 200X 1974 Kawasaki KE100
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03-26-2007, 11:50 AM	#2
molypod Join Date: Oct 2006 Location: British Columbia, Canada Posts: 223	WOW.. I won't have to do mine till next oct. Sure hope it doesn't jump that high. I paid $315 last year after my RoadstarGold discount ($564 without) then add the $33 for license fee and the $36 for ther New Plate and New registration Fee which I won't have to pay this year.
	0

03-26-2007, 11:56 AM	#3
Beerslayer Join Date: Jun 2006 Posts: 188	Progressive tried that high price with me. Turns out they didn't know how to fit what it was called with the existing classification. If it is a bike they don't have a rate for, they throw a high one at you. Is it Progressive you are using?
	0

03-26-2007, 08:45 PM	#9
madmaximum Join Date: Jan 2007 Location: Central PA Posts: 284	You guys need to check out atv-line.com. I had 3 atv's and a ct-110 insured through them for 63 bucks a year. Yes, 63! It was 50 bucks for the atv's, & it jumped a whopping 13 bucks a year to add the bike. I tried to get an online quote from them, but they didn't have roketa listed, so i just stopped where i have my car insurance & got progressive for 75 bucks. Give them a shot, they should have a phone number listed on their website, & if not, I can get it for you.
	0

03-26-2007, 08:49 PM	#10
FMYStreetRacer Join Date: Nov 2006 Location: Ft. Myers, Fl. Posts: 416	just wondering.... why even bother to insure a china bike? is it the law where you live? __________________ Roketa DB-07a HID Headlight
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03-26-2007, 08:59 PM	#11
frostbite Join Date: May 2006 Location: Fredericton, NB, Canada Posts: 1,744	I'm in Canada and we have rather Draconian insurance rates, as you can probably tell. We're required by law to be insured for public liability and property damage - PLPD (minimum coverage @ $200,000). I've also only had my license for about a year which isn't helping matters. $578 doesn't even cover my bike in an accident, just the 'other' guy. I did manage to get them down to $431 after promising to take the motorcycle safety course. I'd rather put the money into training rather than the Insurance companies pocket. BTW, we don't have Progressive in Canada. __________________ Frostbite "The beatings will continue until moral improves"
	0

03-26-2007, 09:18 PM	#12
NewEnglandTrails Join Date: Sep 2006 Location: The Quiet Corner of CT. Posts: 387	Geez, Thats excessive... Is Geico up in Canada? They have 2 chinabikes and a kawasaki for $135.00 down here.... NET
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03-26-2007, 09:56 PM	#13
FMYStreetRacer Join Date: Nov 2006 Location: Ft. Myers, Fl. Posts: 416	man that's just crazy. sounds like you motorcycle insurance is getting to be like my home owners insurance down here in Florida. __________________ Roketa DB-07a HID Headlight
	0

03-26-2007, 10:18 PM	#14
ambassador Join Date: Jan 2007 Location: Bradenton, Florida Posts: 1,200	Man Frostbite, they are just hammering you guys up there between bogus laws and bogus insurance rates, my homeowners insurance went thru the roof last year so I can sypathize with your situation but it's still rediculous... It seems like they are going to put an extra price on any "luxury" item just because big business can and there is not much we can do about it, however my house is not a luxury item... Our basic liability is $10,000 down here, that covers the other guy, what are you going to hit with your China bike that may cost $200,000, aim for the guy in the ferrari... __________________ 06 Lifan 200 GY-5
	0

03-26-2007, 10:32 PM	#15
zacstewart Join Date: Feb 2007 Location: North Georgia Posts: 50	I got minimum coverage with Progressive and it was $79 a year. And I have a wreck and two speeding tickets on my record. What am I doing wrong?
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