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Discussion Starter #1
This is getting really stupid. I've been riding for more than 20 years with full M licence. I signed with Allstate back in 2018 with combined auto and property insurance. My bike premium (2014 Vstrom 1000) went up more than $300 per year and that's with no tickets, accidents or claims. I asked my agent what a h**l is going on, he said it's a blanket increase across all motorcycle policies in my city area. I know it's pure bs....I'm thinking of selling this bike and getting something REALLY small .... ok, I'm done with the rant.
 

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Insurance companies exist to make a profit. I have heard of blanket increases, in for instance car premiums, because of floods, fires, or other unrelated disasters. It no doubt happened after Katrina. I would go looking for quotes from other insurance companies that may have less exposure to your companies issue. Go ask around or seek another agent.
It's called the can't be bothered premium increase. Another company could very well be more competitive when you disclose that you also have other insurances which will in due course come up for renewal.
 

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BrianS

Without looking I could guess you were in Ontario. When I moved here from the west my first insurance quote was 7 times as high!

I've been running TD Meloche Monnex insurance for years and I can't seem to beat their prices. Definitely shop around. Those crooks just rob us thanks to the provincial government. Do some research and write some letters. There is a petition out there too.

Can't wait for the new world insurance to come around (companies like Lemonade) and undercut the old dinosaur industry.

I could also rant all day about this topic :p

Codylink
 

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From what I have read on here and other forums, Canadians can really have expensive insurance. I'll count my blessings on that. Definitely shop around though, even in the US ther can be substantial difference in rates.

The mainline companies are high (don'treally want bikes but will take them if you have other business with them).
Dairyland in Wisconsin is the cheapest by far for me and they specialize in bikes, boats etc. I pay about $50 year on each of my bikes
 

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From what I have read on here and other forums, Canadians can really have expensive insurance. I'll count my blessings on that. Definitely shop around though, even in the US ther can be substantial difference in rates.

The mainline companies are high (don'treally want bikes but will take them if you have other business with them).
Dairyland in Wisconsin is the cheapest by far for me and they specialize in bikes, boats etc. I pay about $50 year on each of my bikes
Free heath care isn't free. The money has to come from somewhere like extremely high insurance policies.
 

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Here in the US our premiums have been going down (temporarily) and getting partially refunded due to all this Covid stuff and the lack of people on the road - leading to a lack of accidents and payouts.
 

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That's Allstate, I fired them 3 years ago after they doubled all of my policies for no reason. I went with progressive and saved a ton of money over what I was paying before Allstates increase. My bike insurance on the VFRX is 200.00 a year for excellent full coverage. For two vehicles, a brand new 4runner and my old suburban I pay 400.00 year for excellent full coverage. I saved 1000.00 a year on homeowners switching to progressive. Allstate sucks!
 

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Free heath care isn't free. The money has to come from somewhere like extremely high insurance policies.
I was not aware that profits from private companies (insurance in Ontario) were being funneled into public coffers to fund our healthcare system. Learn something everyday🙄
Someone really should tell the insurance companies that they do not have to do that.
 

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I shop around every year for all of my insurances because as previously mentioned loyally is no longer a factor. I also find that "bundling" is generally bs even with the discount.
While my motorcycle insurance is pretty low I still check every 6 months and for the last few years my insurance quotes have been 3 to 4 times what I am paying!! So...quietly paying my premium every 6 months 😉
 

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Free heath care isn't free. The money has to come from somewhere like extremely high insurance policies
That comes from our high taxes. The high insurance rates are private industry gouging, particularly when you consider that most of the health care costs are covered by the provinces. Since insurance is mandatory here, there's not much competition. Every once in a while a new company comes in with good rates to grab market share, but as soon as they're established they jack the rates up to match the competition.

It's also standard practice to offer a good rate to a customer who's changing providers, then increase their rates above market each year that they renew. In Canadian insurance, you're actually punished for being a loyal customer, not rewarded. If you've been with the same insurer here for more than a couple of years, you're almost certainly being ripped off. I learned that lesson with TD Insurance. After 7 years with them (and no claims) I shopped around and found virtually everywhere I looked I could get 30% cheaper. TD wouldn't even budge to try and keep a good customer, so I changed. In 2 years my rates with the new carrier had gone up past what TD had been charging, so shopped again, with the same results. Now I shop it every year at renewal. Right now I'm back at TD again, with better rates than I had when I left them years ago.
 

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I guess everyone has a story to tell. I have had Allstate for over 15 yrs., two vehicles and house, and very happy. They go up a few bucks on homeowners each year, but so does the property value, so that's fair.
About 10 yrs ago, my wife was rear ended in the car, by the driver for a local trucking company. The damage was slightly below my deductible amount, so the insurance company had no financial stake, but they leaned on the trucking company and got them to pay off when the owner was stonewalling me.
I later heard from a friend who is a motor cop, that "all their drivers are a$$holes". I guess the traffic cops would know.
 

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Auto/motorcycle insurance markets are local.

The Ontario insurance regime is different from most. We have a partial no-fault system. Also, where MV accidents are concerned, the government expects medical costs resulting from them to be covered by insurance (OHIP subrogates to the vehicle insurer). It also includes mandatory income-replacement accident benefits. And finally, southern Ontario, at least, is a high risk area for accidents. This all puts a baseline on insurance premiums regardless of the rider's claims record or the type of motorcycle. Most insurance companies also still seem to base premiums at least partially on displacement, thus why I pay more for insurance for my R1200RT than I did for my Fazer 8, despite the latter being faster and newer.

I was with Primum/TD for years until they suddenly jacked the rate on my Fazer 8 to almost double what it had previously been (IIRC, maybe it was "only" a 50% increase), from which I determined they didn't want my business anymore. I ended up with Riders Plus/Echelon insurance.

Ontario has probably the worst of all worlds when it comes to vehicle insurance - lots of government regulation, partial no-fault, and high claims rates.
 

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BC isn't cheap either, and goes by engine CC for pricing. There's no option for insurance companies either, you have to use the crown corporation. The linked table is your base rate, then you get a discount based on driving history. I'm 25 years no tickets, no accidents, live in a town of 7500 people, the closest town of 100,000 people is a 3 hr drive away, I'm at a 40% discount off of listed base rate. There's a reason I ride a KLX250 most of the year.

 

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BC isn't cheap either, and goes by engine CC for pricing. There's no option for insurance companies either, you have to use the crown corporation. The linked table is your base rate, then you get a discount based on driving history. I'm 25 years no tickets, no accidents, live in a town of 7500 people, the closest town of 100,000 people is a 3 hr drive away, I'm at a 40% discount off of listed base rate. There's a reason I ride a KLX250 most of the year.

Well, that's an incredibly retarded system, even for something run by a government. The jump up in premiums for going over 400cc is nuts.
Well, for years I heard BC riders bragging about how great ICBC was compared to Ontario. I can tell you I'm paying less than half the base rate in BC for my RT, although more for my KLX 250.
 

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for years I heard BC riders bragging about how great ICBC was compared to Ontario
You wont find that anymore! They are billions in debt. We are moving to a 100% no fault system this fall for better or worse, and the changes they just made to rates for new drivers are insane. If you are getting your first car, expect $6000/year for insurance on a bucket of bolts. BC is ready to kick them to the curb.
 

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I was not aware that profits from private companies (insurance in Ontario) were being funneled into public coffers to fund our healthcare system. Learn something everyday🙄
Someone really should tell the insurance companies that they do not have to do that.
I'm betting that the insurance companies pay taxes and if they do, I'm also guessing part of you premium is going to paying their tax bill. Free ain't free! Either directly or indirectly you pay!
 

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I'm betting that the insurance companies pay taxes and if they do, I'm also guessing part of you premium is going to paying their tax bill. Free ain't free! Either directly or indirectly you pay!
Your jab at our "free" health care system was noted. However, it should also be noted that the US spends more tax dollars per capita than Canada. A notable difference however, is the number of bankruptcies caused by health care related costs. "Free" all depends on how you look at things.
275836


Here is the link if you would like to learn a bit more.
 

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BC isn't cheap either, and goes by engine CC for pricing. There's no option for insurance companies either, you have to use the crown corporation. The linked table is your base rate, then you get a discount based on driving history. I'm 25 years no tickets, no accidents, live in a town of 7500 people, the closest town of 100,000 people is a 3 hr drive away, I'm at a 40% discount off of listed base rate. There's a reason I ride a KLX250 most of the year.

To be fair, the previous Provincial Government here in BC stole one Billion dollars from ICBC in a profit year and used the money to prop up the provincial budget in an election year. That money could of been used to offset rate hikes but we never got it back.
 

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Your jab at our "free" health care system was noted. However, it should also be noted that the US spends more tax dollars per capita than Canada. A notable difference however, is the number of bankruptcies caused by health care related costs. "Free" all depends on how you look at things.
View attachment 275836

Here is the link if you would like to learn a bit more.
How many Canadian business's or individuals are driven to financial ruin nd/or bankruptcy because of unaffordable taxes?

On the chart you provided I see Mexico is the cheapest @ $1,080 and Turkey is @ $1,088 per capita. Do this mean they provide the same level of service but 9x less expensive or is there a sacrifice in quality? I cannot ever remember anyone touting Mexican or Turkish healthcare systems.
 
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