well, i thought you guys might be interested

LINK

I thought something like that might have happened when I got my bill last week and my premium is $150 less than it was last year 

...did you use foremost?

i have geico and my rarte is pretty good as it is...it actually went down almost by 30% from last year...i figure its because the bikes are a year older and the value is less or

Yes I have Foremost...I had originally thought the price reduction was because of the bike being another year older and a clean first year with them as my carrier, but after your post and link I'm thinking that must be the reason.  Either way...I'm not complaining 

Well, I just made the switch. I had Geico, and asked them to look into the classification change. They still list the GT1000 as a sport bike. So, I got a quote with Foremost. I saved over $200 a year switching to Foremost with the same coverage.

I asked about their experience and this is what I got: The parent company of Foremost is Farmers Insurance. Foremost is a division that specializes only in motorcycles and recreational vehicles. The guy said the adjusters that come out only do motorcycles and that they have bikes right in the building's garage for training.

Clipped from the original announcement:

DUCATI AND FOREMOST LOWER INSURANCE RATES
Cupertino, CA (April 28th, 2008) - Ducati North America and Foremost Insurance are proud to announce that lower insurance rates are now available on several families of Ducati models. Announced in September 2007, the partnership with Ducati and Foremost has resulted in a number of benefits for Ducati owners and DOC Club members.  The benefits include special discounts, dedicated motorcycle friendly customer service, as well as a unique partnership with the Pegram Racing Ducati Team.  Ducati North America has now been able to communicate directly with Foremost underwriters to redefine how Ducati motorcycles should be categorized and rated. Ducati owners who ride Hypermotards, Monsters and Sport Classic’s can now take advantage of these new reduced pricing structures.Foremost Insurance now classifies the Hypermotard family as a “Dual-Sport”, and the Monster and SportClassic families have been moved to the “Standard” segment.  These motorcycles were previously grouped into the “Performance” classification, which normally carries higher premiums.Foremost also offers discounts for clean driving records and multiple unit owner discounts.   For more information including quotes, please visit www.ducatiforemost.com. 

I just went with Foremost a couple months ago for the S2R1k. By far the lowest price I have found. And since they are part of Farmer's, I feel confident they will provide good customer service when I need it...

just called them and will likely switch give the lower pricing...one thing that I found odd was that they asked what I thought the bike would be worth if I sold it....don't they usually have a table they go to instead of asking the owner?

Is there a penalty with your current insurer if you drop them for a lower rate from someone else?

I'm pretty sure that is illegal....

Quote from: NAKID on June 10, 2008, 08:00:25 PM
I'm pretty sure that is illegal....

why?

Nope.  No penalty

Quote from: Randimus Maximus on June 10, 2008, 08:17:56 PM
why?

I was talking about the fee for canceling. I don't know why I think it's illegal, but I seem to remember hearing that it was...

Quote from: NAKID on June 11, 2008, 12:18:14 AM
I was talking about the fee for canceling. I don't know why I think it's illegal, but I seem to remember hearing that it was...

There's no fees to cancel for me w/ Dairyland.  The only potential catch I can see is if someone has a lot of points and/or accident and is effectively "uninsurable", but the law prevents the current insurer to drop coverage....no sure if I can clear...Some states prevent insurance companies from dropping a customer who has developed poor driving record.  If that person voluntarily cancels policy before getting Foremost locked it, then there is a possibility of SNAFU.

A broker at Foremost told me about this last october. I posted about it on TOB.
I still got a better rate through my private agent though. Foremost wants ~$950/yr for full coverages. I'm at $425 now through my agent who is using progressive.

I checked the rates for the Hyper with Dairyland, and they were through the freaken' roof. Almost 6x what I pay to insure the 695.