Bike Insurance in Ontario

[HeliMoto]

FYI, I just switched all my insurance from Intact to Wawanesa, I saved $120 on the house, (and better coverage) ,truck about the same BUT .......
My full coverage bike Ins on my 2014 Yamaha SuperTenere went from $1217 to ....$478 !!!
yes ,you read it correctly. $478 a year, FULL coverage

 

[Kruzzin5]

FYI I just switched all my insurance from Intact to Wawanesa, saved $120 on the house, truck about the same BUT .......
My full coverage bike Ins on my 2014 Yamaha SuperTenere went from $1217 to ....$478 !!!
yes ,you read it correctly. $478 a year, FULL coverage

Yes, Wawanesa gives you 50% motorcycle discount,IF, you give them your car and home to ensure as well. I’ve been calling all morning for motorcycle insurance as my quote from RIDERS PLUS just came in… $2000 for the S 10 and Harley! This is ridiculous pricing for at best, a six month year!
I can see myself one of these years riding without motorcycle insurance…

 

[regder]

Paying ~$1300/yr for my S10 through Wawanesa, it is what it is.

At one point, I had three bikes insured simultaneously (don't ask...) that equaled about $3500/yr. Almost zero discount for multiple bikes

 

[HeliMoto]

Paying ~$1300/yr for my S10 through Wawanesa, it is what it is.

At one point, I had three bikes insured simultaneously (don't ask...) that equaled about $3500/yr. Almost zero discount for multiple bikes

Wow ! I guess I’m lucky.

 

[HeliMoto]

I have 4 bikes but can only ride one at a time, in a perfect world, you should just have to pay The insurance on the most expensive bike , sign a waiver that no one else will ride your bikes and ride which ever one you want

 

[Don in Lodi]

I've often wished that, you can only ride one at a time. Maybe a coverage on everything if the house falls on your collection, but one floating coverage to protect you on the road.

 

[SuckSqueezeBangBlow]

I am going to look into them when my car and house come up in September. Just doing my 2 bikes with them was over $3k vs $2k at Echelon. Will see what happens if I can bundle everything.

 

[Don in Lodi]

Really? Canada really really doesn't want it's people to ride motorcycles. I couldn't afford to ride with those prices.

 

[Kruzzin5]

I am going to look into them when my car and house come up in September. Just doing my 2 bikes with them was over $3k vs $2k at Echelon. Will see what happens if I can bundle everything.

I have my two bikes, my truck, my house with echelon and I’m still paying $2000 on the motorcycles! It really is outrageous. My understanding is that in Virginia, you pay for the most expensive bike in the fleet. They understand that you can only ride one more cycle at a time.

 

[regder]

Really? Canada really really doesn't want it's people to ride motorcycles. I couldn't afford to ride with those prices.

Canadian insurance is obscenely expensive, but it's also not a direct comparison as we are covered for a lot more. Minimal liability insurance in Ontario (I think it's similar for the rest of Canada) is $1m, and $2m is a cheap and recommended upgrade

 

[Don in Lodi]

Wow.

 

[SHUMBA]

Wow.

I'm also insured with Wawanesa on my Tenere. In addition, I gave my insurance agent my house and two cars. I live in Ontario, Canada.
I have an M license along with a clear driving record and no accidents.
My Tenere is fully insured and I also bought the additional medical coverage.
Last year I paid $930. For the Tenere!!
WTF? My renewal date is early June, so we will see. A company that I had been insured with in the past called recently and their quote for the Tenere was 1,980.!!!
Shop around. I suspect that many riders are just going to thumb their nose at these exhorbitant rates for bike insurance.
SHUMBA

Sent from my SM-A520W using Tapatalk

 

[Sierra1]

Canadian insurance is obscenely expensive, but it's also not a direct comparison as we are covered for a lot more. . . .

Texas minimum requirements are ridiculous. 25k US for property, and 30k US for injuries. I think those minimums have been in effect since the '80s. Of course that's why my Tenere liability and comp premium is only $350.00 US annually.

 

[blågrisen]

Living in the most taxed society in the world (Sweden), it's comforting to knew that at least my bike insurance for full coverage is a reasonable US$ 180 annually for a 50+ rider.
Spare money for more RIDING.
It's good to be old!

 

[JamesGang]

Just for comparisons sake, I just renewed my insurance on the '18 Super T and my ten year old pickup.
Forty seven year driving history with no accidents or claims and not a single ticket (really!).
Full coverage and 1M liability equates to $760 for the bike and $650 for the truck.
I'm very happy I don't reside in Ontario.

 

[Kruzzin5]

I’m also a certified motorcycle training instructor by the Ministry of Ontario. And, I train, teach and help certify motorcycle instructors to teach the M course. No accidents, no ticket record, recognition as a training instructor, my truck, my house, my two motorcycles and still, my insurance rates are exorbitant. It’s nuts! Quebec insurance is far less than Ontario. I wonder if I could set up a post office box address in Quebec for insurance purposes??

 

[SHUMBA]

Living in the most taxed society in the world (Sweden), it's comforting to knew that at least my bike insurance for full coverage is a reasonable US$ 180 annually for a 50+ rider.
Spare money for more RIDING.
It's good to be old!

I'm envious. Is your insurance in Sweden run by private companies or government?
Ontario Canada is all private gouging greedy companies
SHUMBA

Sent from my SM-T380 using Tapatalk

 

[SHUMBA]

I’m also a certified motorcycle training instructor by the Ministry of Ontario. And, I train, teach and help certify motorcycle instructors to teach the M course. No accidents, no ticket record, recognition as a training instructor, my truck, my house, my two motorcycles and still, my insurance rates are exorbitant. It’s nuts! Quebec insurance is far less than Ontario. I wonder if I could set up a post office box address in Quebec for insurance purposes??

Hmmmm, worth a try. But insurance companies are sneaky. When they get claims, as you know insurance companies employ people to figure out how not to pay claims.
SHUMBA

Sent from my SM-T380 using Tapatalk

 

[SHUMBA]

Texas minimum requirements are ridiculous. 25k US for property, and 30k US for injuries. I think those minimums have been in effect since the '80s. Of course that's why my Tenere liability and comp premium is only $350.00 US annually.

Agree, insurance is ridiculously expensive up here in Ontario. A lot of companies do not offer motorcycle insurance. Although, the Ontario government mandates insurance so one has no choice. No insurance = no licence plate or validation tag for license plate.
I predict that some riders will just refuse to pay for insurance and ride anyways. Then when the police try to conduct a traffic stop....some will just crack the throttle and flee. Some jurisdictions have a no pursuit policy, but not all jurisdictions, so be careful, I say.
SHUMBA

Sent from my SM-T380 using Tapatalk

 

[Kruzzin5]

Agree, insurance is ridiculously expensive up here in Ontario. A lot of companies do not offer motorcycle insurance. Although, the Ontario government mandates insurance so one has no choice. No insurance = no licence plate or validation tag for license plate.
I predict that some riders will just refuse to pay for insurance and ride anyways. Then when the police try to conduct a traffic stop....some will just crack the throttle and flee. Some jurisdictions have a no pursuit policy, but not all jurisdictions, so be careful, I say.
SHUMBA

Sent from my SM-T380 using Tapatalk

No insurance is already happening especially with the younger crowd. A few years ago, I had a student who paid $5000 for the bike, the insurance was $13,000! So, he rode without insurance and hoped for the best. The license plate and tag are very small in Ontario, so reading it is difficult unless you were up close. There also not as many bikes on the road as there are in Southern states. So it would be relatively easier, riding without insurance unless of course, you have a cop stop behind you at a traffic light.
And let’s remember, in southern Ontario, riding season is at best 6-7months. April/May and September/October of the riding season are not necessarily warm.