Motorcycle Types Cruiser $5.7 Million Repaid to MA Motorcyclists

$5.7 Million Repaid to MA Motorcyclists

Motorcycle Insurance

Three more insurance companies settled Monday to pay consumers over $5.7 million in settlements after over-charging for premiums, according to the Massachusetts Attorney General’s Office.

The AG’s office says Premier Insurance Company of Massachusetts will refund $5,000,386, American Automobile Insurance Company will refund $571,394 and Electric Insurance Company will refund $123,882 to policyholders in Massachusetts.

These three insurance companies are expected to collectively send out more than 14,000 refund checks later this month, each averaging $400 to motorcyclists.

It all began with a 1999 Harley-Davidson Road King Classic and its owner in Massachusetts.

The rider filed a complaint with Massachusetts Attorney General Martha Coakley, stating the insurance company was charging premiums from 2003 through 2008 that were calculated on the Harley Road King’s new price of $20,000.

But by 2008, the bike’s blue book value was less than $12,000, although the insurance company was still charging premiums based on $20,000. The investigation resulted in more than $1,500 in overcharges in that particular case.

This lead to a bigger investigation in Massachusetts, and 15 insurance companies were found to be overcharging motorcyclists. All insurance companies agreed to return close to $40 million to Massachusetts motorcycle owners, with the other 12 settling last year.

Ron Lieback
Ron Lieback
One of the few moto journalists based on the East Coast, Ron Lieback joined the motorcycle industry as a freelancer in 2007, and is currently Online Editor at Ultimate Motorcycling. He is also the author of "365 to Vision: Modern Writer's Guide (How to Produce More Quality Writing in Less Time).

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