Ontario Insurance Rates - Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums
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post #1 of 43 Old 05-07-2014, 07:11 PM Thread Starter
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Ontario Insurance Rates

I need to blow off some steam on my insurance rates. I was under the impression a 650CC was cheap to insure.

I am 54 yrs of age. M license since July of 1976. 38 years. No accidents

1,000,000 Liability / Comp with a $300.00 Deductible
CAA is my broker and holds my Truck and Car insurance
My 06 Dodge Ram costs me less than my Vstrom at $668.00

2008 $1,022.00
2009 $ 837.00
2010 $ 740.00
2011 $ 766.00
2012 $ 761.00
2013 $ 811.00
2014 $ 911.00

A $100.00 jump from last season. This is with INTACT Insurance. Is anyone similar and paying less in Ontario?

08 DL650A
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post #2 of 43 Old 05-07-2014, 07:36 PM
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I'm paying quite a bit more, but there is reason for it.

..Tom

2006 DL650: 202,000 km 125,500 miles, Sold
2012 DL650 139,500+ km, 86,700+ miles. Sold
2015 DL1000 New July 2015 200,000+ km, 125,000 miles.

This can help preventing from cars pulling out in front of you (SMIDSY)
SMIDSY detailed report.


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post #3 of 43 Old 05-07-2014, 07:43 PM
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I just went through this "fun"... I'm 40, and have not had bike insurance in 19 years. I went with TD @ $677/yr for a '13 Wee. 1m liability, 1k ded on collision and $500 on all perils comprehensive plus accident forgiveness.

Intact gave me a quote for about $800, and State Farm (whom I've been with for 25 years with no claims for my car) was $950.
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post #4 of 43 Old 05-07-2014, 08:04 PM
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I'm also with Intact - formerly through Jevco.

I am 40 yrs of age. M license since July of 2008. G license for 24 years. 1 at fault collision (wrote off previous bike in 2012), no tickets since 2008.

All Perils + 1,000,000 Liability / with a $300.00 Deductible
Cornerstone is my broker and I have no other insurance with them
August is my renewal and I'm hoping it goes down a bit more.

2009 $ 868
2010 $ 863
2011 $ 845
2012 $ 1870 (accident + new bike+ increased coverage)
2013 $ 1130
2014 $ ?

For your insurance to have risen $150 in 2 years seems a bit much.

Orange Wee Member #420
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post #5 of 43 Old 05-07-2014, 08:48 PM
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33 years old, just got my license last year, pay 950 a year with state farm.

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post #6 of 43 Old 05-07-2014, 09:26 PM
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Lived in Ontario for 14 years and I have to say insurance rates is one thing I don't miss.
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post #7 of 43 Old 05-08-2014, 12:17 AM
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Rates do seem a bit high (at least compared to Alberta). I dropped everything but PL and PD on my 2009 V last year and am now paying $122. I think in 2009 I paid a little over $600 for full coverage with $1000 deductible. I do know rates are extremely high in BC (probably government insurance?)

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post #8 of 43 Old 05-08-2014, 04:17 AM
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Quote:
Originally Posted by Dragon1973 View Post
I just went through this "fun"... I'm 40, and have not had bike insurance in 19 years. I went with TD @ $677/yr for a '13 Wee. 1m liability, 1k ded on collision and $500 on all perils comprehensive plus accident forgiveness.

Intact gave me a quote for about $800, and State Farm (whom I've been with for 25 years with no claims for my car) was $950.
You are pretty good. I'm 54. Motorcycle licence for 7-8 years. Last year was just over $700. This year over $900 with Intac. Small ofence in the record. It's creasy. Guys in New York or London, UK paying $120-150...
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post #9 of 43 Old 05-08-2014, 06:53 AM Thread Starter
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Thanks for the info. Makes me feel a little better. NOT

I will gat a quote from TD and see if I can get under $700.00

I might also see about going with just PL & PD.

If I can drop the insurance rates I can add another few bike to the quiver.

I NEED!!! a dual sport and an observed Trials bike. Then I will be COMPLETE

Farkles do not count. They are a constant universal law.

08 DL650A
The Amphibious Wee
07 CRF250X
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post #10 of 43 Old 05-08-2014, 11:13 AM
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ok.. I've used TD for the last 10 years.. State Farm has all my cars and house but is never competative

I pay $666.00 for full coverage with TD

cheers

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