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Discussion Starter #1
Just got my 2016 insurance premium in the mail. Holy crap.

I've been insuring with Primmum for years and it's been good, then TD stepped in this year.

2015 insurance - 1051.00
2016 insurance - 1519.00

How 'bout them apples.? No, it's not a typo.

Clean record. No tickets, no nothing. Called TD and was told they are raising their rates and all the other insurance companies are charging about the same.

$500.00 increase? Insane. This is a standard policy with $1000 deductible.

Anyone else been hit by an insane rate increase lately?
 

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Ouch i'm with state farm and have not had any rate increases in a while now. I pay about 1100 a year for a 2014 vstrom 1000 and i've only been riding for 3 years now and dont even have my full M license.
 

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Well, I will have to stop bitching. For a while anyway.

4 bikes, 2014 BMW RT, Yamaha Super Tenere 2014, 2012 DL650, 75 Honda. Collision on 3 and decent amounts of coverage. I think I am around $700 per year for all.
 

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I just went online with Primum to get a quote. I didn't tell them that I already had insurance with them or that I insure 5 vehicles with them. Quote for 2 million liability and 1000 deductible was $433. I didn't go check my current policy, but I know that it is just over $400 for 2 mil and 500 deduct.

Must be that socialist system you live in down there. Oh....wait a minute.....we have the same, out here in the wild west, now:crying2:

It is not the first time I have been grateful for the insurance rates here. If you think ON is bad, check out SK. A friend has an BMW RT there and his insurance is $2700 (with the good guy discount) and is slated to go over 3500 in the next few years.

Regardless, I think it is time you started looking around. 50% increase sounds crazy.

Rod
 

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Wow. Insurance is expensive in Canada. I've never paid much for insurance on a bike in the USA. My Vee is under $200 per year. Full coverage. I can't fathom why insurance companies need to charge so much more because the bike is on the other side of a border.
 

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I'm with TD as well. $380 for liability on my 2007 Ninja 650R. Was looking at getting a Vstrom 650 EXP, was quoted $600 for liability. The increase is due to the Vstrom being a "sport bike"...
 

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Discussion Starter #7
Wow. Insurance is expensive in Canada. I've never paid much for insurance on a bike in the USA. My Vee is under $200 per year. Full coverage. I can't fathom why insurance companies need to charge so much more because the bike is on the other side of a border.
Partly because I live in Metropolitan Toronto. You cannot even begin to imagine the number of traffic accidents here. It's pretty astonishing. For example, when we get the 1st heavy snowfall for the year, there are around 600 accidents the first day. The number hasn't changed for quite a while as I remember it. 600 year after year. Car insurance sucks pretty badly too. :beatnik:
 

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Discussion Starter #8
I'm with TD as well. $380 for liability on my 2007 Ninja 650R. Was looking at getting a Vstrom 650 EXP, was quoted $600 for liability. The increase is due to the Vstrom being a "sport bike"...
Have you received your 2016 package from them yet?
 

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I have been with TD for 3 years now and my rate went from $650 to $750 this year for my 2006 DL650. I have not called them to confirm yet but I believe it is becasue I dropped them as my insurance provider for my car.
 

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That's a serious increase.
I'm with Intact (via Cornerstone Insurance Brokers) and for my 2011 DL650 with $500 deductible + 2mil coverage + all perils = $847/year
You could also try Rider Plus Insurance Brokers, John Duffy Brokers, State Farm.

On a side note - compared to the US insurance, our policies must provide no fault coverage here which covers for income loss, and medical/rehab for up to 10 years regardless of who is at fault. The thing is that Janice and I would get the same mandatory level of post accident care even though her premium is almost double mine with same driving record. It pays to shop around, because premium rates vary widely.

I happily pay for my insurance - 10 yrs ago I was hit head-on by a soccer van (literally) and was off work for a year and had about 100 physio/massage appts, etc, etc... and then I closed my case by suing the insurance company of the other driver. No financial cost to me other than my yearly premium which I can pay for the rest of my life and still come out ahead. Again, because the baseline coverage is mandatory across all providers in Ontario, it pays to shop around for the lowest premium.
 

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Discussion Starter #12
Well, Princess Barbie has contacted 'The Personal' (sounds like a massager) and their rates were much much lower.

We have 3 bikes to insure, and the costs are about the same as we were paying Primmum before the price hike.

We're investigating what they could do for us if we give them our house, car and bike insurance business. Frequently a package deal can really help.

We'll soon see. I'll post the results.

In the meantime, SUCK IT, TD!
 

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I had TD 2 years ago and my rate went up $100 a year with no claims, tickets, etc.. Called them up to ask why and basically I wasted my time on the phone. The insurance companies in a nutshell do not want to insure bikes here in Ontario. I think they feel somewhat obligated to provide the service due to pressure from the gov't.
 

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Hey Janice, I am with TD as well, no notifications about an increase yet. I am currently paying $425... PER YR. I am completely insured by them. House, Boat, 2 cars and a bike....
Maybe time to buy a boat????
 

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Discussion Starter #15
Hey Janice, I am with TD as well, no notifications about an increase yet. I am currently paying $425... PER YR. I am completely insured by them. House, Boat, 2 cars and a bike....
Maybe time to buy a boat????
I hope you don't get hosed like I did. You should be getting some mail from them pretty soon.
 

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Discussion Starter #16
Hey Janice, I am with TD as well, no notifications about an increase yet. I am currently paying $425... PER YR. I am completely insured by them. House, Boat, 2 cars and a bike....
Maybe time to buy a boat????
Would you be running a Wee or a Vee. I ride a Vee. It trips some kind of booby trap they have in their system and raises the rate via magic. 650's don't seem to do that.
 

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Discussion Starter #19
haven't learnt to drive in snow yet eh!
Toronto has terrible drivers. You don't want to ride here. Fortunately, we live on the edge of metro, so we're out into the countryside in 10 minutes.

Downtown is just mayhem.

:smile2:

Oh, and it's learned, not learnt. The grammar police strike again.
 

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Discussion Starter #20
Damn! Whether you pay $300 or $3000, a 50% increase in one swell foop is nuts!
Ya' think?

If they wanted to raise rates without a stink, they could have done it in small increments over the years. Instead, they just went nuts.

I hate insurance companies almost as much as I hate banks. Thieving bastards.
 
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