Hey everyone, just wondering during storage/winter. Can we tell our insurance broker (statefarm for me) to remove liability to remove the cost during winter months?
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removing liability during winter?
- Thread starter keljai
- Start date
+1 for info above. With SF you pay about 90% of your premium May, June, July & Aug. Not like the old days.
Motorcycle insurance, just like snowmobile insurance, is seasonally rated. The yearly premium is earned during the riding months.
I've had other companies just tell me they only charge for 6 months of the year but spread it over the whole year. So even if you cancel for the winter you save 0. State Farm and some others are actually being a little nicer by giving you some money back.
Wonder if that means you could ride all winter for free with one of those other companies? I've never tried to take mine off for the winter or summer.
Wonder if that means you could ride all winter for free with one of those other companies? I've never tried to take mine off for the winter or summer.
Ontariomystic
Well-known member
In my case it is worth it cause I'm saving 28% of my annual premium which is substantial.
All depends on when your policy renews. My friends policy renewed May 3rd, sold his bike Sept 1st, had to cut state farm a cheque for $900! My other friends policy renews in October and he cancelled it in April and they cut him a big refund cheque
Is that with State Farm, with a single vehicle policy?
Your also missing a substantial part of the riding season as well
Ontariomystic
Well-known member
I usually only ride from May to September. I find both April and October hit and miss so not worth it for 1-2 rides in those months. Plus with 2 bikes, one comes off by then for sure.
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