Ontario insurance options?

[Zwartie]

Unfortunately it doesn't work that way. Insurance is pro-rated based on them knowing which part of the year we do the most riding. If I took a policy out in say, March and then cancelled it in October I would be lucky to get $20 back for the rest of the year. So when you think that our coverage is really only based on a 7-8 month riding season it makes it even worse!

Gday Charlie

Living in a part of Australia that only gets snow on the TV, and can ride all year round. Would it be possible to pay your insurance for the full year, then when you mothball your bike for the snow (whats that ) season cancel the policy and get around half back in a refund ?

[FJ1100mjk]

Yes, those insurance rates are obscene for motorcycle insurance, but what does a Canadian citizen pay for their health insurance premium? Down here in the US of A, those rates are extreme for any person who is trying to purchase health insurance on their own. I pay a lot for health insurance, that has a high deductable, and shitty coverage for services, but it is better than having nothing.

As difficut a decision it would be for me, I could give up motorcycling, and its attendant high insurance costs, but I couldn't do the same for my health insurance. There's just too much at stake.

Insurance companies (like any business) are in it for a profit, not a loss.

[Charlie-brm]

Tiger, Intact is actually the insurance company. Thanks giving me a reminder to clear that up. Dalton Timmis would be the broker then ( Interchangeable terms to me).
And yes, hard to insure older bikes and for that reason I don't rock the boat or play games like canceling and renewing. I don't have any other leverage like a home or expensive vehicles to bargain with.
That's nuts that these old birds are not in a more sedate category like sport touring or "relic" LOL.


When I had the 1979 XS750, you bet I had to make a lot of phone calls in 2005 to find a company that could even find it on their list. The ones motorcycle riders in Ontario are always suggesting were the least helpful. Those ads about being motorcycle specialized and friendly are bull. They want the easy pickings and work on volume, just like bad (and highly successful) real estate agents.

I lucked out with a person at TD/Primmum who bent over backwards to accommodate me, considering the bike was a piece of crap, over 25 and therefore not on their list. I had to have it appraised for crying out loud. Anyway, that's the past.



But I digress . . .
It sounds like I could try Aviva and see what they come up with, just for piece of mind I do my due diligence.

[The General]

Yes, those insurance rates are obscene for motorcycle insurance, but what does a Canadian citizen pay for their health insurance premium? Down here in the US of A, those rates are extreme for any person who is trying to purchase health insurance on their own. I pay a lot for health insurance, that has a high deductable, and shitty coverage for services, but it is better than having nothing.

As difficut a decision it would be for me, I could give up motorcycling, and its attendant high insurance costs, but I couldn't do the same for my health insurance. There's just too much at stake.

Insurance companies (like any business) are in it for a profit, not a loss.

The insurance companies here in Oz, now ask how often you ride it. Mine is classed as casual and gains an extra Discount.(But there`s no check on how often I ride when I do a claim!) I`ve noticed them advertising for discounts when they detail your needs that can be applied to a lower risk, in most aspects of insurance now, except Health Insurance. However I don't get any discount for having numerous registered bikes, no one else licensed in the family or at the policy owner`s address and me only having one arse!

Health insurance is the only commodity I know that is permitted to keep you in the dark about what you`re paying for....until after the service is complete....I really do question the logic of my monthly purchase for the top coverage, when a public hospital provides the same service at no charge without any wait time if urgent. The so called private Hospital will provide the service and then bill you for additional cost for the practitioner (same practitioner free in public hospital)...because he can. (He just assumes you have money because you`re paying huge private insurance imho.)...off topic a bit but I needed ta Vent!  ....many patients now say they don`t have private Insurance when asked by receptionist, when they in fact have private Insurance.
Saves heaps cause they can still claim later. Note: a public hospital here is often the same address as the classified Private Hospital in many areas. 

[FJmonkey]

I have not bothered to look up my portion of insurance for my FJ as I am sure it is very small compared to having 2 teenager$$$ on our policy. But our insurance requires that we report our annual mileage on each vehicle insured. So miles driven are factored in in SoCal...

[PaulG]

Now youve done it... brain getting hot... anger building... Hulk Smash!      Also dont forget theyprice it according to your postal code.  Having the privelage of living in Scarborough (E Toronto) adds at least $200-$300 to my rate.     Which by now is over $100 per month.  If I was able to move an hour north, then that extra fee would disappear.  Now must go Smash 

[Zwartie]

A number of years ago (maybe 20 or more) there was a disproportionate increase to my insurance rate when my policy was due for renewal. I had a clean record and couldn't understand the rational behind such an increase. I called my insurance agent at the time and she explained that all insurance rates had gone up significantly because the stock market had been doing so poorly. I don't remember asking my insurance company to play the stock market for me! I'm sure that had the stock market done well they would have dropped my rates accordingly...NOT!

Zwartie

[Zwartie]

One more thing regarding motorcycle insurance in Ontario. It's very cost prohibitive for young riders. I've heard new young (16-25 yr old) riders tell me that they've had quotes between $3,000 and $6,000 per year, depending on the bike and the insurance company. We are seeing fewer and fewer young riders take the motorcycle training course every year - they just can't afford to ride!

Zwartie

[FJ1100mjk]

Maybe this entity can help...

http://www.canmocycle.ca/

They have brokers that: "have insurance coverages for specialized needs of motorcyclists."

And offer: "Representation to all levels of government and other bodies affecting motorcycle legislation."