Insurance Hosing...........Canadian style

[mattster31]

Hey there,

I've just been reading the posts related to what you guys are paying for your FJR insurance and I have to say...........................HOLY CRAP!!!!!!!!!!! :angry: :angry2: Living in Canada really sucks when it comes to insurance. Maybe I am missing something but I am totally getting hosed on mine. My coverage costs $900+ a year with no collision and $1000 ded. on comprehensive. I just did an online quote with Geico in NY state just for curiosity sake and it came back with $133 for the same type of coverage (i think) ................WTF!!!!!!!!!!! Anyone in the industry able to clarify why there is such a disparity between borders when it comes to insurance?? Almost makes me want to move on down!!!! Thanks in advance.

Mattster

 

[TILAM]

I live in Hamilton too and just recieved my renewal notice. My 06 with complete coverage is $972.00 with $1000 deductable. I'm with Kingsway. Down slightly from last year. Last I was with Riders Plus (broker) and they changed companies to Echilon and they black listed the FJR and wanted $1500.00 for the same coverage. I'm happy with Kingsway so check them out. Broker is Insurance Solutions Toll Free: 1-866-456-6620 Ext. 363.

 

[odot]

Y'all otter tell yer insurance companies to take off, eh.

 

[Bustanut joker]

Hey! Leave the otters outa this. What did they do?



:jester:

 

[ShinyPartsUp]

National Healthcare? :dntknw:

You do things different up there.

 

[mattster31]

I live in Hamilton too and just recieved my renewal notice. My 06 with complete coverage is $972.00 with $1000 deductable. I'm with Kingsway. Down slightly from last year. Last I was with Riders Plus (broker) and they changed companies to Echilon and they black listed the FJR and wanted $1500.00 for the same coverage. I'm happy with Kingsway so check them out. Broker is Insurance Solutions Toll Free: 1-866-456-6620 Ext. 363.

I AM with RidersPlus, I just got my slips e-mailed.....................$932 for an '03, but I have not had insurance on a bike for over 10 yrs. Kingsway wanted just over a grand for the same coverage. We are getting so screwed............. :angry2: :angry2: :angry2: :angry2: :angry2: :angry2: :angry2:

 

[mattster31]

National Healthcare? :dntknw:

It does work................I have a little saying about it. "If you can stand the wait, the health cares great" :yahoo:

 

[El Gordo]

Hey! Leave the otters outa this. What did they do?

:jester:

Canucks don't get done by otters, we get done by beavers. Take off eh! :clown2:

Cheap health care...expensive bike insurance, take your pick.

 

[ShinyPartsUp]

National Healthcare? :dntknw:

It does work................I have a little saying about it. "If you can stand the wait, You won't pass the Pearly Gate" :yahoo:

Fixed it for ya!

Actually I wasn't trying to make a political statement, but a humorous one. Guess I failed oster_oops:

 

[bramfrank]

OK, I live in Quebec, land of 'we do everything differently', but even here I found that prices varied . . . a LOT.

Get quotes from everyone who will write insurance. Check with your broker, the one who handles you home / car / whatever. Don't forget that membership in CAA and other organisations can get you discounts.

I've been quoted between $370 and $1500 for my FJR - it depends who is doing the quoting.

My bike is covered by AXA under their 'Club 14' program - I pay a bit more for the lower deductible (I have 2,000,000 liability, $250 deductible, full replacement cost and it comes with roadside assistance) - costs $425.00

 

[Bearly Flying]

Shop around, I have $2,000,000 PLPD and $100,000 comprehensive. No theft, fire or collision with a $250 deductible for $178 grouped in with my personal vehicles.......... ING.....

 

[Dusty]

A 50cc scooter is much cheaper than an FJR too. They are both have two wheels and a motor. Did we get hosed buying our FJR's??

Obviously none of us like paying insurance premiums! But let's not even try to pretend that insurance policies from one jurisdiction to another are identical. They are as different as the various bikes being insured.

Here in Ontario, Canada, the government drew up a policy for ALL companies to sell. Coverages can be added to it, but NONE can be deleted. It is VERY RICH in benefits should the rider or passenger ever experience a serious crash. There are over 2Million in benefits available within the policy for medical, rehab, and income replacement.

Yes, our beloved government treats us like children but remember as a kid... you didn't want to take your medicine then either! But Mom knew best and made you take it because SHE knew that without it you could become very ill or have life long health consequences for not taking it.

We've all come to recognize that us men never really grow up, we just get bigger toys - and we apparently still whine about taking our medicine!! :angry:

 

[ShinyPartsUp]

Here in Ontario, Canada, the government drew up a policy for ALL companies to sell. Coverages can be added to it, but NONE can be deleted. It is VERY RICH in benefits should the rider or passenger ever experience a serious crash. There are over 2Million in benefits available within the policy for medical, rehab, and income replacement.
Yes, our beloved government treats us like children but remember as a kid... you didn't want to take your medicine then either! But Mom knew best and made you take it because SHE knew that without it you could become very ill or have life long health consequences for not taking it.

Looks like I may have been correct and didn't know it. Those insurance coverages cost a LOT. I don't have to pay for medical coverage while riding my bike because I have insurance that covers me through my employer. Hope you can find a way around those premiums.

 

[Bungie]

You frostbacks..

Trust me on this, call Dalton Timmis out of Ancaster. Both my bikes are insured through them, saved over $1100 per year. I've sent about 3 or 4 guys down to them, all of them came back WAY cheaper than everybody else. I also know some guys that have had to actually USE their insurance from them. No complaints, in fact, they raved about the service.

Now you know.

 

[FastJoyRide]

When I moved from Vancouver to Edmonton, my insurance went down to the level outlined in Bearly's post above. I've self-insured all physical damage for 30+ years on all of my bikes due to the predatory pricing of that product in Canada, and I have saved enough premium $$ to replace 4 or 5 bikes by now (though I've never needed to). Then when I moved back to a mandatory government insurance province, Saskatchewan, my premiums went up to the $1,200 level for $1 Million PL/PD only. This is a blatant rip-off, but they do pro-rate for the riding season, so effectively I spend around $750 per year.

I am not an insurance expert, but I'm told the justification for this is the "no-fault" nature of motor vehicle insurance in both BC and SK (not in Alberta). What this means is that when some BDC turns left in front of a bike putting the rider in the hospital for 6 months, the RIDER'S insurance pays out for all of the medical costs, lost income etc. Then when the actuaries total up the premiums and claims from motorcycle insurance they jack-up the premiums to cover all of the claims - WHICH IN MANY CASES WERE NOT THE BIKE RIDER'S FAULT!

I know there are lots of BDR's involved in single vehicle bike accidents wearing none of the gear, none of the time, who also run up the cost of insurance for all of us, but even if NO rider was responsible for ANY accident, EVER our bike insurance costs would still be ludicrous. Sorry for shouting but this whole topic is a sore point for me - could you tell?!

 

[mattster31]

You frostbacks..
Trust me on this, call Dalton Timmis out of Ancaster. Both my bikes are insured through them, saved over $1100 per year. I've sent about 3 or 4 guys down to them, all of them came back WAY cheaper than everybody else. I also know some guys that have had to actually USE their insurance from them. No complaints, in fact, they raved about the service.

Now you know.

I have my vehicles insured through them.................... they actually wanted more than "riders plus" for less coverage. Otherwise, my car coverage is cheaper and they are great to deal with.

 

[Dusty]

QUOTE "Looks like I may have been correct and didn't know it. Those insurance coverages cost a LOT. I don't have to pay for medical coverage while riding my bike because I have insurance that covers me through my employer. Hope you can find a way around those premiums. "

Once again, our Provincial Government (at least in Ontario) realizes that many drivers do not have coverage at work for things like disability for lost income, additional health benefits for the many things that Government Health Plans do not pay like chiropractic/massage therapy/wheelchairs/ramps/lifts etc. That's not even considering the cost of long term care for things like a personal attendant (someone to wipe your bum and get you dressed, fed, and to your many doctor appointments - it could be a 24/7 need!).

If only the people that don't have benefits through work need to pay for the expensive insurance coverage - the cost per person for that insurance would increase past the point of affordablility. Kind of like our public school system... we all pay for the school system through our property taxes, but many of us don't have kids using it. Let's opt out of that expense and see what happens when the remaining parents do when their little Johnny costs $15000/yr to go to public school.

It's a bit socialist really. Those more able to pay, help shoulder the cost for those less able to pay!

 

[Bungie]

I have my vehicles insured through them.................... they actually wanted more than "riders plus" for less coverage. Otherwise, my car coverage is cheaper and they are great to deal with.

Well I guess it was inevitable, but your the first person I ever heard of who found DT more expensive. A buddy here at work bought an 82 GS1100. NOBODY would insure it (being more than 20 years old). Dalton did, and it wasn't really expensive either.

Still, caveat emptor, it pays to shop around and www.kanetix.ca is REALLY handy for that.

 

[huron52]

Another one for Dalton Timmis

They saved me money!