Ontraio Bike Insurance

[CanDman]

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  

[jscgdunn]

Sorry to hear....In Alberta I pay $167.00 per FJ per year.

[aviationfred]

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

[big r]

I pay about $250 a year on a collector plate. With out that I would be paying about $1200 per year.

[FJ1100mjk]

You're asking a generic question. Premiums are based upon any number of components of the actual coverage that one carries on their vehicle.

[Charlie-brm]

Hey CanDman. I am paying about the same, and it's very close to what I pay for a 2015 Hyundai Elantra which obviously I use all year. We live within an hour of each other. It's been slowly creeping up so it is time to shop around, something I used to do more frequently. Without looking it up, I think my coverage is for $1 Million liability and no collision. Dalton Timmis <> Intact Insurance.

The hard part in Ontario is especially compounded by the limited number of insurers who will take on any motorcycle older than 25 years, so I don't want to make waves once I have it insured. The best I can suggest at the moment is to get a few other quotes and go back to your present insurer to see if they will do a better deal. If you rent, you don't have house insurance to leverage in there either.

Ontario likely has the highest insurance rates and the highest electricity rates in Canada or does it just feel that way?

[FJ1100mjk]

Some people in the VJMC that I belong to, use this insurer...

Hagerty

[CanDman]

Hey CanDman.
Ontario likely has the highest insurance rates and the highest electricity rates in Canada or does it just feel that way?

Ya Charlay.........it has become incredibly expensive to live here where I grew up........insurance, electricity and this BS Carbon Tax ......I think it's high time to toss these Libtards out on their asses!!! They are  hell bent on plunging us into irreversible debt .....    (not a fan !!)...aside from the rant, thx for the tip !!! I actually did some shopping around and found a quote for exactly the same coverage....liability with a million coverage with State Farm..... $1,488.00 for both (less than half what I am paying). Looks like I will jump ship........I also called Riders Plus......$2,100.00. So it looks like Secretariat  by 32 lengths...... .... thx for all the replies ....nice to hear fro  y'all
CanDmad  

[gumby302ho]

 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.

[CutterBill]

Ouch.  I pay only $71/year per bike.  That's just liability but still...  $1500/year/bike?  Wow. 
Bill

[giantkiller]

I think I pay about $180 for three. My 700 raptor is pretty high @$90.
For that much after five years I could buy ten more bikes.
Or one new one.

[Mike 86 in San Dimas]

Bout $250 a year recreational as opposed to a daily rider. So  Cal.

[Earl Svorks]

Gumby , Candman,
 The cost of insurance was no better when I lived down your way. I was a first year apprentice in a Toyota dealership in 1972, I drove a beat up '62 Chev half ton pickup. The cost of PL-PD with no
frills,  minimum coverage was $1,000,a year cash, up front. I had a BSA 441 that I never could afford to insure. My weekly takehome pay was $98.or so. It seemed the York regional police and the OPP both took pleasure in finding a reason to slap a $22.80 fine me for any thing they could come up with.  As a young kid on my own I found it an impossible situation to even make ends meet, much less prosper in Ontario. I headed west in '75 and never regretted doing so. When I arrived in Winnipeg, I had a Ducati 450 Desmo scrambler ,when I registered the bike they called it 'Settelers Effects' Insurance was $147. for the year. The pay rate at the Toyota dealer I hired on with was double what I had been getting in Markham, where I last worked.  I have always felt that Ontario was a fine place to live if you were a Doctor, or a Lawyer, not so good for someone less privileged .

[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.

[balky1]

Woow, you have some pretty high and pretty low premiums as I can see.
In Croatia vehicle insurance is mandatory and, unfortunately, there is no way to pay for just a period of the year, you have to take the year premium. It costs me some 180 USD.