Massachusetts insurance - Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums
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post #1 of 14 Old 09-09-2013, 05:57 PM Thread Starter
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Massachusetts insurance

I just got my Commerce Insurance 'coverage selections page' in the mail and am taken aback by the total premium for one year of $586.00!

If you're in Massachusetts, too, is that what you're forking out for a year's coverage?
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post #2 of 14 Old 09-10-2013, 08:37 AM
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That's outrageous, Austin. Check with Progressive. My premium was around $230. Maybe they think you're 18!


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post #3 of 14 Old 09-10-2013, 08:50 AM
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Quote:
Originally Posted by BabaAus View Post
I just got my Commerce Insurance 'coverage selections page' in the mail and am taken aback by the total premium for one year of $586.00!

If you're in Massachusetts, too, is that what you're forking out for a year's coverage?
I'm paying twice that, Aus, same company.

-Tom (DL650AL2) (KA1TOX) (E-I-E-I-O)

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post #4 of 14 Old 09-10-2013, 09:32 AM
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Take another look at your coverages and see what you are actually buying. In some cases you might be buying a coverage you don't need--if you have great health insurance, do you really need to buy it again on your vehicle policies?* If you never carry a passenger, do you need coverage for that? If you can afford to take a loss, don't buy that coverage. Increase your deductibles if you can afford it. If the bike is paid off and you can afford to replace it, drop the collision and comprehensive coverages. If the bike goes into storage for the winter, drop all coverages except comp during the storage period (check with your lender, though).

And, see if there is coverage that might be wise to add. If you have a fairly substantial net worth, take a look at umbrella liability coverage and get enough vehicle liability coverage just up to the minimum required for the umbrella policy...often $500k.

Can you qualify for any policy discounts--multiple policies with the same company, garaged vehicle, limited miles each year, MSF training, etc.

Try dialing for dollars. Call various insurance companies and ask about insuring either each item (home, car, bike, umbrella, etc.) or put them all together in a package. Amica is one that gets consistently high marks from the readers of "Consumer Reports"; USAA also, if you qualify. These may farm out the motorcycle coverage in certain states, but check the rates.

Vehicle insurance coverage definitions:
Car Insurance Coverage Definitions | CarInsurance.com
Car Insurance Coverage Options—Allstate


*The new health insurance coverages starting January 1 changes a lot of things. It might be cheaper to drop vehicle injury coverage and upgrade health insurance to a "Gold" or "Platinum" level plan--the info will be available October 1 on each state's health insurance Marketplace. We won't know until we check.

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Last edited by PTRider; 09-10-2013 at 09:38 AM.
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post #5 of 14 Old 09-10-2013, 09:50 AM
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As far as motorcycle specific coverage in Massachusetts, I know exactly what I'm buying and why. This doc does translate to other states, but was written by a Mass insurance agent who rides:

Motorcycle Coverage Info

-Tom (DL650AL2) (KA1TOX) (E-I-E-I-O)

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post #6 of 14 Old 09-10-2013, 10:28 AM
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I pay $167 from Commerce but have no collision or comprehensive or any speeding tickets. I do have almost all the limits at 100000/300000 including the optional stuff.

Oh yeah, I live in Western Ma. so our rates are lower than some.

Later...Bill H.

2006 Suzuki DL650
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post #7 of 14 Old 09-10-2013, 11:48 AM Thread Starter
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THANK YOU!!!! I really appreciate all of your input! I've been dealing with the same insurance broker for over thirty years and I'm beginning to think that they are NOT treating me as fairly as they can. Time to shop around for better home, car and business insurance, too.
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post #8 of 14 Old 09-10-2013, 02:50 PM
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Mass is crazy for insurance prices.
Part of it is where in the state you live, hell what town even matters. Just outisde of Boston, moved literally 4 miles further north & my rate nearly doubled. I got hit with "ghetto tax".


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post #9 of 14 Old 09-10-2013, 05:10 PM
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I saved $200.00 instantly by going from my local Ins agency to Harley Davidson Ins. My local agent had Progressive, Harley Davidson has Progressive Direct.....Just go on the HD website and click on HD Ins...I like the extra 200 in my pocket........................TD

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post #10 of 14 Old 09-11-2013, 10:48 AM
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Yeah I'm right in that range two, but I do have an accident and a speeding ticket on my record... Plus I get nailed for living in Worcester...

MA Insurance is the most convoluted mess I've ever seen.

Keep The Rubber Side Down!
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