02-20-2014, 03:19 AM
I was really surprised at the quote I received on the used '13 I just bought. It was actually higher than my BMW K1300S (which, if you're not familiar, is a 175 horsepower "hypersport" category machine with a full fairing. It's a 2009, but it's still worth more than the CB). I've done business with the agency for a while now, and in fact their rate on the BMW is quite good...but I was really surprised. I mean, c'mon: How many losses can they possibly be having on these bikes?
The agent told me that he double-checked the quote and it was correct. This is what he said: "Looking at the quote what I see is the Insurance Rating Group (IRG) is REALLY high. This correlates to the cost of parts for a particular vehicle/bike. For some reason, it is higher than the BMW. That tells me the parts for this bike are either: A) less readily available than the others—therefore some supply/demand issues apply or B) more expensive strictly due to some reason that I don’t understand (possibly because it’s a well-made bike with higher quality components)."
Anyway...maybe others can shed light, but that sounds fishy to me.
The agent told me that he double-checked the quote and it was correct. This is what he said: "Looking at the quote what I see is the Insurance Rating Group (IRG) is REALLY high. This correlates to the cost of parts for a particular vehicle/bike. For some reason, it is higher than the BMW. That tells me the parts for this bike are either: A) less readily available than the others—therefore some supply/demand issues apply or B) more expensive strictly due to some reason that I don’t understand (possibly because it’s a well-made bike with higher quality components)."
Anyway...maybe others can shed light, but that sounds fishy to me.