Insurance tripled due to bike reclassification

[Lucumon]

I thought I'd let you all know today's snail mail shock:  My 2012 Ducati Monster 1100 Evo that was $306 for a year's worth of insurance through Rider Insurance Virginia last year will be $1,129 for the next year according to the renewal notice.

I called Rider and asked what was going on... the rep said all Ducatis have been re-classed as sport bikes due to the high loss they've taken.

The good news is that Progressive has quoted me $346 in Northern Virginia so it will be a wash.... but I wanted people to be aware should they have Rider.

[He Man]

what portion of your insruance is hit the hardest? (liability, comp, collison?)

[MikeZ]

I'm with Rider in MD and they reclassified mine but it only went up $35 a year.  It only has liability so that may be the difference.

[muskrat]

if you have PIP (Medical) they'll kill you every time.  You already have medical from work, I suppose, and if so drop that part which is the most expensive.

[hbliam]

Results may vary.

Medical payments if I am injured is one of the cheapest parts of my policy. The most expense part is medical payments if I injure someone.

[Curmudgeon]

Maybe you should post this info in CAM too? Wonder if it's just Rider in VA or any other VA insurers? My bikes, car and house are with Allstate. The bikes only for required VA liability X2$. Nothing else. If mine goes up, I'll freak... 

[muskrat]

Results may vary.

Medical payments if I am injured is one of the cheapest parts of my policy. The most expense part is medical payments if I injure someone.

The most expensive insurance is none at all. This is why I said if you have it through work your "a" ok, provid d you wear the proper gear.   Sometimes they deny a claim if you're not wearing a helmet, for instance.