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Anyone with insurance from InsureMyRide and related companies should check their renewals. When I insured my new Vstrom a few months ago I was a bit surprised when they wanted an additional premium for the remaining cover period; I was expecting a reduction or cover extension.
Thought nothing much of it until the renewal came in last week. The premium had gone up from last years Busa price, which I thought odd. I queried the price and was told that "different bikes have different risk ratings, its not just the engine size".
When I checked with other insurers such as Swann and other reputable insurers, I was getting prices around 2/3 of the original quote. Not only that but I was getting better cover and no 'limited use' provision.
Original quote was about $670, which they reduced to $628 when I queried it. Swann quote was $428 with no extra for monthly payments.
Thought nothing much of it until the renewal came in last week. The premium had gone up from last years Busa price, which I thought odd. I queried the price and was told that "different bikes have different risk ratings, its not just the engine size".
When I checked with other insurers such as Swann and other reputable insurers, I was getting prices around 2/3 of the original quote. Not only that but I was getting better cover and no 'limited use' provision.
Original quote was about $670, which they reduced to $628 when I queried it. Swann quote was $428 with no extra for monthly payments.
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