Ontario insurance rates - Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums
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post #1 of 17 Old 09-19-2007, 07:15 PM Thread Starter
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Ontario insurance rates

My insurance is not due until February but I thought I would have a look around.
DL1000 good riding record no claims $1k deductable
My current provider Premmum $1,550.00
RBC $3,200.00 (what are they smoking)
Kingsway $1,541.00 (same as price I have now)
Rider Plus $808.00 (best I could find, but do they pay out on claims)

Any feedback would be appreciated.
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post #2 of 17 Old 09-19-2007, 07:56 PM
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My first year with my 650 was around $900. I hadn't had a bike for about 20 years but had my bike license since I turned 16 (I'm 50 now). The renewal with Rider's Plus was about $500 or so.

I have never had a claim on insurance so I can't comment on whether they pay out.

..Tom

Quote:
Originally Posted by Super Dave View Post
My insurance is not due until February but I thought I would have a look around.
DL1000 good riding record no claims $1k deductable
My current provider Premmum $1,550.00
RBC $3,200.00 (what are they smoking)
Kingsway $1,541.00 (same as price I have now)
Rider Plus $808.00 (best I could find, but do they pay out on claims)

Any feedback would be appreciated.

2006 DL650: 202,000 km 125,500 miles, Sold
2012 DL650 139,500+ km, 86,700+ miles. Sold
2015 DL1000 New July 2015 195,000+ km, 121,000 miles.

This can help preventing from cars pulling out in front of you (SMIDSY)
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post #3 of 17 Old 09-19-2007, 07:58 PM
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I pay $600 for basic + theft from Jevco, good driving record and no claims.


Quote:
Originally Posted by Super Dave View Post
My insurance is not due until February but I thought I would have a look around.
DL1000 good riding record no claims $1k deductable
My current provider Premmum $1,550.00
RBC $3,200.00 (what are they smoking)
Kingsway $1,541.00 (same as price I have now)
Rider Plus $808.00 (best I could find, but do they pay out on claims)

Any feedback would be appreciated.

Ian

'07 KLX250S - Road
'00 CBR600F4 - Track

"The World is a book, and those who do not travel read only a page" - St. Augustine
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post #4 of 17 Old 09-19-2007, 08:44 PM
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I pay just under $1,000 for my 1000 but I have a ton of coverage. Collision, fire, theft, major income replacement, long term disability, everything. (My wife says I'm enough of a burden now. If I get hurt on the bike, and I'm not covered, she'll be piling bricks in my lap and rolling my wheelchair down the Tiffin boat launch. ) Good record, no claims. I'm at Meloche Monnex. They have discounts for PEO members.

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post #5 of 17 Old 09-19-2007, 09:25 PM
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I had my Honda insured with Primmum and it cost $550 dollars just for basic coverage. I switched to the Personnal and it dropped to $176. The Personnal provides full coverage on my 07 wee for $750.

From what I know, Primmum is not much of a deal, and Kingsway certainly isn't. Kingsway's money is made by insuring people who can't get insured anywhere else. If their rates are the same as Primmums, that says something about Primmum. If you have a bad record they may be ok, but if you're record is clean there are better deals to be had. My friend has his GSXR 1000 fully insured through State Farm for $700. He says State Farm doesn't classify bikes by sport, cruiser, etc. They simply go by cc's. It really pays to shop around.

SS

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post #6 of 17 Old 09-20-2007, 07:28 AM
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It’s hard to say what goes on in the minds of insurance companies. I shop around every year for my insurance – I always think there is a better deal to be had and I exhibit no loyalty to an insurer. This year I got the best deal from Primmum - $690 for full coverage ('07 650 Strom). This is my fifth year riding and I’ve had no claims. I had Primmum in the past and they gave me good rates initially but the rates always seem to creep up. We’ll see what they ask for next year.

DL650 K7 - Burgundy.
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post #7 of 17 Old 09-20-2007, 10:46 AM
 
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Location: Québec, QC, Canada
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I'm through State Farm and pay around $1000 per year for pretty much every coverage that I could get on my Wee. (First year rider, first bike, 25, no claims) But State Farm only classifies by CCs as Silverstrom said. I could insure a GSXR 600 or other 600cc race replica for less money.
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post #8 of 17 Old 09-20-2007, 10:53 AM
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around 950 with meloche monnex. but at first they said they didn't cover motorcycles, then i asked to talk to someone about cancelling my house and car insurance then, magically, they do cover bikes. licence since 1977 but considered a new rider as i haven't owned a bike in about 5 years

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post #9 of 17 Old 09-20-2007, 11:07 AM
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Covered by The Personal -full coverage - $574/yr but that's with all the other toys and properties in the mix as well (which I've had with them for years) As an aside, when I called State Farm 2 years ago -they didn't want to take a bike unless I had other policies as well. Other insurers were simply out to lunch on the Wee. $1000+, including all the bike-focussed ones. Clean record, no claims, licensed since 1975 - didn't seem to make a difference.
It is critical however that you ensure the Insurer understands the Vee or Wee is not a crotch rocket and that they quote you the rate for the correct model, otherwise, it will likely skyrocket in $. Second, if you have an alarm device - mention it, saved anbout $25 in my case when I bought it last year.

Safe riding
Bob

Necessity may be the mother of invention, but desperation is it's father........... (Bell)

'06 DL650
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post #10 of 17 Old 09-20-2007, 02:03 PM
 
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Quote:
Originally Posted by CdnArgyll View Post
I'm through State Farm and pay around $1000 per year for pretty much every coverage that I could get on my Wee. (First year rider, first bike, 25, no claims) But State Farm only classifies by CCs as Silverstrom said. I could insure a GSXR 600 or other 600cc race replica for less money.
I'm right around $1000 for my 650. rates almost doubled when I move into toronto.

as for the cc thing with statefarm...its true. my rates actually went up when I traded my R6 in for my wee.
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