10
« Last post by tommy2cyl on Today at 09:13:47 AM »
I am insured with a company that locks in your rate. So, as long as you don't make any changes (add or subtract) the premium stays the same.
However, when I sold a car and went down from 4 to 3, my premium went up $800.00. Hard to wrap your head around that. One of my vehicles
is a 2016 RAM ProMaster High Roof. I kept the interior pretty wide open with minimal build out so I can use as a truck to haul stuff and motorcycles,
and use cots to camp out of. Difficult to find an insurance that will insure it. Not sure why, especially since I put minimum miles on it yearly which
I documented to insurance company. I think it has to do with most of the time these are used as business delivery vehicles and would have higher
rate of claims due to being on the highway daily. Mine only has 35,000 miles on it in 10 years.
I also had the same issue with motorcycle insurance. I went from 5 to 3 and my rate went up. When I inquired, I was told that because I have
fewer bikes, I am more likely to put more miles on a particular bike and thus have a higher probability of an accident vs same miles spread over
more bikes. If anyone has any input on this pretzel logic I would love to hear it. So, I get a discount for multiple motorcycles but less of a discount
when I have 3 verses 5 bikes. Insurance is the ultimate business. You have to have it, but are hesitant to use it in many instances because if you
do, your rates will usually go up. Even if you went many years with out any claims.
Recent Posts