F...Insurance Companies

Ok, I've had a motor cycle license for two years and haven't dropped any dough to get a Bike yet. Why? Because of f'ing insurance! Get this, Geico quoted me $4000 a year for a bike that's worth $6300.

Yup, they don't have any problem taking your money but when you need it, it's like pulling teeth.

Easy....I am in the insurance industry. There must be a reason for the high premium...Any previous claims? Any tickets? If not, shop around, there are sure to be better pricing for motorcycle insurance.

Bikes are a high risk pool too. Premiums can also depend on your age, area you live in, drivers record, etc.

I've worked in auto, disability and now worker's comp. Comp is by far full of the most scammers. Sometimes it feels like the entire world is out on comp.

tmc, your right on the money.insurance companies are your best friends until something happens and you need them.with the amount of money involved,there is no reason to conduct business the way most insurance companies do

tmc, your right on the money.insurance companies are your best friends until something happens and you need them.with the amount of money involved,there is no reason to conduct business the way most insurance companies do

You can blame all the scammers out there for why insurance companies have to scrutinize every claim.

Maybe I'm just jaded, but you wouldn't believe how many people work over insurance companies.

The amount of time and resources insurance companies have to spend on protecting themselves and investigating fraud are the main reasons for higher premiums.

Once again, its the fraud and uninsured motorists that cause insurance premiums to be where they are. In regards to paying claims, I don't know many insurance companies that do not pay what they owe according to the policy language - Hence the bigger problem, people don't understand what their policy covers and does not cover. Its easy for the lay insurance person to just say insurance companies don't pay, but think about it for a minute if it was your money at risk and you had a policy that says we will NOT pay for x loss, would you pay it?????

Now I am not saying there aren't crooked people in the insurance industry because there are but in general it is highly regulated and claims practices are scrutinized by the regulatory authorities. When I worked on the company level we drove home the idea that the AGENT selling the insurance MUST tell his/her policyholders what is covered and/or not covered to alleviate any problems in the claims process. I have a good agent that does that, you may need to find one as well!

I'm just pissed about how your tickets correlate to what you pay in insurance. I had ONE ticket that doubled my insurance. It was a SIX miles over the speed limit ticket. The place I have gives me a great rate though, but DOUBLE after one ticket. I've even gotten quotes from other places and still this is the cheapest. Insurance sucks.

And jbcjr14 and Matty, I think some people defraud the insurance companies because of that bullshit "deductible". I personally think it's totally insane if your car has some damage done to it and you can't get it fixed. Say in my case, I hit some things that flew off the back of a truck and they said that the estimate to have it fixed is $1000 and my deductible is $750. Since I got this car I've paid well over $4000 in insurance to them and I feel EVERY DAMN CENT should be paid on that damage. I mean that's why I get this stuff. In the case of homeowner's insurance or theft, I can see people padding a bit to make sure they're not losing money on any type of deductible. Sure it's illegal and immoral, but the insurance companies are screwing people too.

I got a speeding ticket (was doing 41mph in a 35mph zone) and a bumper accident ticket within a two week span two years ago and that's all that's in my record. Now, these guys want to charge me a whole lot of money for that? They didn't even pay a cent on the bumper accident. I do understand that people try to screw the insurance company but that doesn't make it right to screw me in return. And the bit about if you aren't married, we are going to charge you more is bullshit to me. That's blatant open discrimination against single males. How can the law let them get away with that?

I'm a reasonable man but $4000 isn't reasonable. I heard NJ is the worst state to be in. You get screwed in insurance no matter what your driving record is.

And jbcjr14 and Matty, I think some people defraud the insurance companies because of that bullshit "deductible". I personally think it's totally insane if your car has some damage done to it and you can't get it fixed. Say in my case, I hit some things that flew off the back of a truck and they said that the estimate to have it fixed is $1000 and my deductible is $750. Since I got this car I've paid well over $4000 in insurance to them and I feel EVERY DAMN CENT should be paid on that damage.

And if the cost comes to $7000 dollars are you willing to pay the extra $2000 out of pocket? What we need is tougher laws and enforcement against insurance fraud to bring the cost down.