Ontraio Bike Insurance

[Capn Ron]

I have seen posts like this before, mostly the exorbitantly high insurance rates for the Eastern provinces of Canada (mainly Ontario) and Australia.

Comparing rates to what I pay here in Kansas and what you pay in Ontario, is comparing Apples to Oranges. One of the things that is an advantage in Kansas, is that the Insurance commission does give a huge break on insuring multiple motorcycles, with the mentality of...... You can only ride one at a time..... My premium only went up $50.00 a year when I added the 1990. Another point. In the USA, motorcycles, even street only ones are considered by the financial institutes and insurance commissions as recreational vehicles. More difficult to finance, but less expensive to insure.

Fred

I think there's a completely different approach to motorcycle insurance in Canada and in the states.  I *think* the issue in Canada is the medical payouts if you were to crash on a motorcycle and the rates reflect that.  Here in the states, medical has traditionally been a separate and a private affair that is up to the individual.  What remains is the liability for how much damage you could do with a two-wheeled vehicle and in most cases it's very little.  That being said, I've been paying $87 per year...every year for the 1992 FJ1200 I've owned for the last 20 years.  I recently purchased another 1992 FJ1200 and added it to my insurance policy for an additional $38 per year.

[giantkiller]

I guess I did pay $1700 for six months. Back in 87 for my FZR1000. I was 23. Someone kicked it over in the parking lot of the club, while I was working as a bouncer. Could see where they're boot scuffed the seat. Did alittle over $1700 in damage. Insurance fixed it and then dropped me right away. Rode several years without insurance after that.

That was back in 87. I paid $1700 for six months of what they consider considered the riding period. I couldn't ride it any other months or it wasn't covered. I don't know if they still allow that. And insurance is mandatory here too.

[CanDman]

I have harped on here before about crazy high rates for us Ontario riders and how Ontario is the corporate whipping boy of North America, you would think why would there be such a gap in rates from Alberta vrs Ontario  
I pay a grand for my 30 yr old machine, if we had Alberta rates we could insure 3 motorcycles. One day the corporate agenda will start playing nice but by then it will be too late. This really grinds my gears.

Hmmmm.......I haven't been riding much since Australia.....in fact...not at all......CanD's engine was in the shop ....seems like forever and I just grabbed Snowy in May.......but way too busy to get her ready for street riding (as opposed to the quarter mile track she was set up for/ mods under way as we speak)....that being said....the agent I spoke to yesterday was telling me some load of crap about how Ontario coverage and payouts are the best in the northern hemisphere....    ..... I'm not sure I can swallow that...... and Cap'n Ron made an inference about medical expenses and payouts....... which there is some truth to that except the Gov't health care system and the Insurance racquet are not related.....one being public and the other private. Earl hit the nail on the head too.......Doctor or Lawyer sounds exactly right... I was born and raised here....and back in the 60's and 70's life was affordable in Toronto....but now.......it has become Buckingham Palace....... houses......the average price just went up to $750.000.00 ......WT ....... FUDGE ??   ....anyway....rant over......just looking forward to riding again. CanD was sent to Ottawa to a friends Dyno shop yesterday (same guy I bought Snowy from) and he will get  her set up proper......she'll be home in a few weeks.....and Snowy will have her mods completed some time next month   . Wouldn't that be sweet to show up at the WCR with both on a trailer?  . Thx guys for all the input.......
CanDman    

[jscgdunn]

Candyman,
Looks like there is still a bit of an Alberta advantage, but our progressive saviors are working hard to destroy it.  Hopefully you will give Winnie the boot this year, and if a few years Nutley will be cast into oblivion as well.

[Sabre093]

I did a post on this few yrs ago..From what i can see and heard here in Ontario,most companies have dropped bikes all together,and anything with a reference to GSXR,Ninja,FZR,CBR is pretty much screwed,My FJ which is classed as a Sport Tourer so i have been told should have reasonable rates...Not so my 86 was classed off the Vin tag as was my 92...both Sport..I'm paying close to 800 for a year just to ride,I had to change companies and i tried them all,ended up at Intact...I've ran into a few people over the past couple years who ride without insurance,and i bet there's a lot more.
As for Ontario being one of the most expensive places to live...no doubt in my mind it is...

[jvb_ca]

I hate posting this but time is always against those of us over 40  ......anyway.....my woman just railed on me for what I was paying for insurance on my 2 bikes....and honestly I had no idea.......I was under the impression that I was paying $1,500.00 a year for both CanD and Snowy ......but turns out that I am paying that for each making it a grand total of $3,000.00 a year and I only get to ride 8 months    if I'm lucky)!!   .....anyway.....I was hoping to poke around and find out what some of the other members are paying and where I can find a better rate.....  
Cheers  ......ride safe and mind those snow drifts.......
CanDman  

Kevin, Give Dalton Timmis a shout. They are the major sponsor for the Toronto Motorcyle Show. I went through the same thing last year with TD insurance. Their rates were creeping up to $1300. Dalton provides "Vintage" insurance which is what I was inquiring about. Decided to go with regular insurance as it was in the $700-$800 range and doesn't have the limitations of Vintage insurance.
HTH's....
Cheers...Jake