Insurance Settlement Means Cash Back for Massachusetts Bikers

If you ride a motorcycle in Massachusetts, you’ve got some good news – and some American Cash Money – coming from your insurance company.

According to The Man in Massachusetts, motorcycle owners may have been overcharged by insurance companies in their fair state and you might have some gas money coming in the form of a refund check.

A previous round of settlements last year resulted in three more insurance companies agreeing to settle claims they overcharged motorcycle  owners nearly $5.7 million said state Attorney General Martha Coakley. The latest settlements come on the heels of previous agreements which saw a dozen insurers agree to refund around $35 million to motorcycle policyholders.

Coakley said Travelers, Fireman’s Fund and Electric Insurance Company have all agreed to send refund checks to policyholders charged premiums which the state says were based on inflated motorcycle values, and the fifteen settlements come as a result of a complaint filed with the attorney general’s office.

“Our investigation, which began with a single consumer complaint, has resulted in the return of nearly $40 million to Massachusetts motorcycle owners,” Coakley said. “We’re very concerned that the…insurers in this state were able to overcharge so many Massachusetts consumers on such a large scale.”

The complainant who filed the original complaint owned a 1999 Harley-Davidson Road King Classic – worth $20,000 brand new – but from 2003 to 2008, the complainant’s insurance company used the bike’s original value when calculating premiums. State investigators said the motorcycle in question was worth only something like $12,000 by 2008, but the insurer continued to use the inflated $20,000 value to set policy rates.

The upshot? The “oversight”  resulted in more than $1,500 in overcharges to the insured owner.

According to Coakley, the company in question failed to consider the bike’s depreciation during that period.

Travelers will shoulder the bulk of the nearly $5.7 million refund, or $5,000,386, and the balance will be paid by Fireman’s Fund ($571,394) and Electric Insurance Company ($123,882).

The three insurance companies will be required to mail more than 14,000 refund checks to policyholders by late October, and the  average refund check will be around $400, Coakley said.

Consumers who think they may be entitled to refunds can use the Attorney General’s Motorcycle Insurance Refund Lookup Webpage at www.motorcycle.ago.state.ma.us to find out whether they are eligible for a little bonus check in the mail courtesy of their insurance company…


Whether you ride a sport bike or an American cruiser, your insurance needs can get complicated.

We’re here to help you find the right motorcycle insurance, whatever you ride…

Tips for buying your motorcycle insurance; the coverage you need:

  • Collision to pay for damage caused to your vehicle in an accident with another vehicle or any stationary object.
  • Comprehensive to cover such things as fire, hail, wind, vandalism, hitting an animal, etc.
  • Towing / Pickup
  • Medical payment or personal injury protection to cover the medical bills resulting from an accident.
  • Uninsured or underinsured motorist to protect us when the other driver is at-fault and does not have coverage or assets out of which your bills can be paid.

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