I've been very impressed with the support from the BMW roadside assistance program, and I fully expect to experience the same level of service from the Insurance arm, should I ever need it(heaven forbid). You get what you pay for.
Nevertheless, I get very agitated at automatic premium increases based on the "biker group profile" or claimed "inflationary pressures".
I sent them a request to reconsider my premium hike based on the following remarks.
1. My individual risk has decreased since first signing up as an unknown rider. I have since proven my risk profile with no claims whatsoever.
2. They make no allowance for the devaluation of my vehicle in the mean time nor invite me to do so, and increase my premiums knowing fully well that they will only honor the depreciated value in case of theft.
3. They claim inflationary pressures as the basis of this increase. The inflation rate (CPI) inflation has slowed even further from the published 8,1% year-on-year (y/y) in January 2009. How do they justify an 22.7% (280% of CPI) increase in my premium?
Dont get me wrong - the BMW insurance is good value. Mainstream insurers wont touch bikers. But come on, do the maths - we havent all fallen on our heads (yet!).
Am I unreasonable?