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Thread: BMW Performance Insurance

  1. #1
    Registered Muser Charlie_K's Avatar
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    BMW Performance Insurance

    I was browsing the BMW web site yesterday when I saw a link for BMW Performance Insurance; an offering from BMW and Liberty Mutual. It says they offer a discount to BMW riders and has a phone number to get a quote. Since my current insurance renews in July I gave them a call. Here's the numbers I got:

    Me - 2006 R1200RT, experienced rider with no recent violations or accidents. I have collision insurance on the bike.

    Renew my current policy with Progressive $400

    Switch to BMW/Liberty Mutual $609

    The two policies aren't exactly the same but I don't see $206 worth of differences. I'll be staying with Progressive.

  2. #2
    Registered User
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    $609 sounds way high, $400 a little high. You may want to check Rider Insurance based in NJ? I think full coverage on my 07 GT is $260.

  3. #3
    Bluenoser
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    Your lucky. Up here I pay over $800.00 with a 20 % discount for my R1100R.
    1971 R50/5 SWB with R75/6 drivetrain
    2013 DL650

  4. #4
    RSPENNACHIO
    Guest
    I pay $400 per year on my 07 RT through Progressive. My stats are the same as yours. I have been quoted much higher like you too.

    My deductibles are low, have broad form collision and maximum limits. The city I live in borders Detroit. If I lived say 50 miles away from the "D" I bet my policy would be $50-$70 cheaper.

    My brother lives in Florida. I think he pays about $250 per year for full coverage on an 1150RT.

  5. #5
    flayboy
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    All consider yourselves lucky. Full coverage for my R1200S for a year under the (government) insurance plan here runs $2600.00. That's with a decade of no claims, accidents or even a single ticket.

  6. #6
    look out!!! Visian's Avatar
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    Quote Originally Posted by flayboy View Post
    All consider yourselves lucky. Full coverage for my R1200S for a year under the (government) insurance plan here runs $2600.00. That's with a decade of no claims, accidents or even a single ticket.
    which government?

  7. #7
    Benchwrenching PGlaves's Avatar
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    Comparing rates between different geographic locations might be instructive about those places but does little to illuminate different company's rates unless the locations are the same.

    Case in point: A 1995 K75 low seat standard that State Farm covered with 100,000/300,000 liability and uninsured/underinsured coverage at Lawrence, Kansas for $98 a year was priced at $498 a year when located at Alpine, Texas. The agent's response to my shrieks was "State Farm in Texas doesn't like to insure motorcycles.
    Paul Glaves - "Big Bend", Texas U.S.A
    "The greatest challenge to any thinker is stating the problem in a way that will allow a solution." - Bertrand Russell
    http://www.bigbend.net/users/glaves

  8. #8
    Registered User
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    Quote Originally Posted by Visian View Post
    which government?
    Sounds like ours!

  9. #9
    flayboy
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    British Columbia, Canada.

    I qualified for private insurance on the optional portion, thank goodness. Saved me $1500 on two bikes.

    Problem is they've turned automotive insurance into a tax, taking the profits into general revenue instead of using it to lower rates for good drivers.

    http://tinyurl.com/348g8n6

    Grrrrr....

    Quote Originally Posted by Visian View Post
    which government?

  10. #10
    Registered User peterb's Avatar
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    Insurance

    Progressive [now called DRIVE Insurance in CA] has done me real good for 7+ yrs. I have 3 bikes w/ them and have full-tilt coverage and 100/300k liability - the policies on the 3 were in the $425 per year range until I received the renewal for this year in May - Jumped to almost $800 and my agent explained DRIVE is trying to boost rates to the level of other companies premiums here in SoCal. He tried to find me a better rate but couldn't.

    I feel screwed as I have a clean record and have been riding for over 40yrs.
    peterb www.ppldma.com

    '07 R1200 RT - LD ride w/ >145+K mi
    '00 1150GS w/ >165+K miles and more to come...

  11. #11
    look out!!! Visian's Avatar
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    Quote Originally Posted by flayboy View Post
    British Columbia, Canada.

    ... snip

    Problem is they've turned automotive insurance into a tax, taking the profits into general revenue instead of using it to lower rates for good drivers.

    http://tinyurl.com/348g8n6

    Grrrrr....
    ohmigosh!

    i think everyone should read this article and reflect... this could happen to American private businesses!!!

  12. #12
    Has the GS-Lust The_Veg's Avatar
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    Quote Originally Posted by Visian View Post
    ohmigosh!

    i think everyone should read this article and reflect... this could happen to American private businesses!!!
    Except that ICBC is not a private business, as explained in this part of the article:

    " "If ICBC was a private company it would be quite appropriate for some of that profit to be returned to the shareholder, but ICBC is not a private company, it's a Crown corporation and it has historically been meant to run at a not-for-profit basis," said David Black, vice-president of the Canadian Office and Professional Employees Local 378.

    "Those profits should be returned to the drivers of British Columbia in the form of lower premiums rather than skimming off money from that and giving it to the government," Black said."
    2012 R1200GS

    "If you can't fix it with a hammer, it's electrical." -somebody's dad

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