READ BEFORE POSTING: Which Insurance Company will give me the best rate???



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Thread: READ BEFORE POSTING: Which Insurance Company will give me the best rate???

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  1. #1
    7073's Avatar
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    Re: READ BEFORE POSTING: Which Insurance Company will give me the best rate???

    that's really handy, thanks for posting!!

  2. #2
    VifferFun's Avatar
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    Re: READ BEFORE POSTING: Which Insurance Company will give me the best rate???

    FYI, I have added "Number of Payments" to the insurance company listings.
    I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)

    Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.

    Current: 2001 Suzuki GSXR1000 (4th Season)
    Previous: 1996 Honda VFR750F (4 Seasons)
    Previous: 1998 Kawasaki Ninja EX250 (3 Seasons)

  3. #3
    nakkers's Avatar
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    Re: READ BEFORE POSTING: Which Insurance Company will give me the best rate???

    Ummmmm............Wow!!!!!!!


    Post a question and check in the morning to find this.


    .............then I realize, the answer was already here if I looked properly the first time and the response was a link to this thread. Yikes! I need a coffee.
    Last edited by nakkers; 04-13-2010 at 10:21 AM. Reason: clarifiy comments.

  4. #4

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    Thumbs up Re: READ BEFORE POSTING: Which Insurance Company will give me the best rate???

    Hey. Great post. Thanks for taking the time. Very useful for us n00bs.

    BTW, 'Sport' ---> '< 600cc' ---> 'over 29yrs' -------> Error!

    Thanks!
    Syl.

  5. #5
    VifferFun's Avatar
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    Re: READ BEFORE POSTING: Which Insurance Company will give me the best rate???

    Quote Originally Posted by sylaryn View Post
    Hey. Great post. Thanks for taking the time. Very useful for us n00bs.

    BTW, 'Sport' ---> '< 600cc' ---> 'over 29yrs' -------> Error!

    Thanks!
    Syl.
    Fixed. Thanks
    I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)

    Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.

    Current: 2001 Suzuki GSXR1000 (4th Season)
    Previous: 1996 Honda VFR750F (4 Seasons)
    Previous: 1998 Kawasaki Ninja EX250 (3 Seasons)

  6. #6

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    Re: READ BEFORE POSTING: Which Insurance Company will give me the best rate???

    so a how much difference 19 year old + a 1994 ex250 would be cheaper than a 1996 ex250 or will it be roughly the same? is there a 15 year and your bike will be consider into another class?

  7. #7
    spaceboy's Avatar
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    Re: READ BEFORE POSTING: Which Insurance Company will give me the best rate???

    Quote Originally Posted by qaz393 View Post
    so a how much difference 19 year old + a 1994 ex250 would be cheaper than a 1996 ex250 or will it be roughly the same? is there a 15 year and your bike will be consider into another class?
    I'd be willing to bet that its exactly the same.
    The 15 year old bike thing is more for former super-sports, as far as I know.

    Call a broker, lets not turn this thread into what its trying to prevent.

  8. #8
    VifferFun's Avatar
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    Re: READ BEFORE POSTING: Which Insurance Company will give me the best rate???

    Quote Originally Posted by qaz393 View Post
    so a how much difference 19 year old + a 1994 ex250 would be cheaper than a 1996 ex250 or will it be roughly the same? is there a 15 year and your bike will be consider into another class?
    The quote will likely be the exact same, especially if you aren't buying optional physical damage coverages (such as Collision and Comprehensive). There is no magic age where bikes become cheaper. The vast majority of your policy premium is to cover damage to your human body and liability to others on the road, and this risk doesn't decrease with the bike's age.
    I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)

    Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.

    Current: 2001 Suzuki GSXR1000 (4th Season)
    Previous: 1996 Honda VFR750F (4 Seasons)
    Previous: 1998 Kawasaki Ninja EX250 (3 Seasons)

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