Canadian(Bike) Insurance>Please share experiences

Collector plates would mean I can't drive it to work on a daily basis (or drive it to work at all)as I do now. I respectfully suggest many "collector" plated motorcycles I see on the road are being used outside the terms of the policy.
Here is the real problem:
ICBC net income
In 2008, ICBC recorded net income of $497 million. Net
income stays in the company to help keep insurance rates
low and stable over the long term and to protect
policyholders against significant unexpected losses.

I think an insurance company should know what the losses will be- I am the one with unexpected losses.

I think net income should be returned to the policyholders so we could pay realistic rates, at the moment ICBC is keeping $300 of my $1,000 premium -they are keeping more money from me than I would be paying total in Alberta- the BC government seems to see the citizens as sheep to be shorn-baa baa

 

Your collector vehicle may qualify for a lower insurance premium if you have
* another licensed, non-collector vehicle, or
* a company-assigned vehicle that's used for general transportation. (This includes a vehicle insured under one of these rate classes: pleasure, to and from work, business, farm, artisan, fisherman or delivery.)

If the only vehicle you have is your collector vehicle, it may still qualify for collector plates. However, it won't qualify for the lower, collector vehicle insurance premium.
Pleasure use: Vehicles with collector plates are restricted to pleasure use only.
With collector vehicles, you may never drive to work or school.
Important: Driving a vehicle with collector plates for reasons other than pleasure use could void your insurance

So that rules me out I go to work and night school on my bike)

Nuckinfutz, I would love to have a 1982 Maxim XJ 1100 to go with my "little" bikes- let me know if you see another good one-I know they are rare!

 

No need for a commuter vehicle...drive a truck for a living and it's always with me. Yeah, I'm finding out how rare they are when I need a part for it.
If I ever see one I'll let you know Plansea.

 

Here are my experiences in Alberta.

5 years ago, I was with Co-operators insurance. I was paying $250/month for my Sunfire at the time. Getting married and turning 25 ended up costing me $10 a month more, even though at the time there was a rate freeze on. The insurance company I switched to charged me $147/month for my car and my wifes. Now, still at that same company, I pay $116 total for my car, my wifes car and my truck. The bikes are under $14/month each.

 

I carry plpd only due to the age and value of the max, $1,000,000 liability costs me $12.50 per month which I added to the monthly I allready pay for our cars and house. It brings it to about $215 per month for full coverage on two cars, basic bike and full recovery and contents on the house. I can get an other discount if I pay it in full up front but not enough to make me save the money!! I am thirty in november and my wife just turned 26 in august
Shaun

 

I'm a relatively new rider(had my license just over a year) and I pay just over $300 a year for public liability-$1,000,000 policy.I think that's pretty reasonable.I'm in Nova Scotia BTW.

 

Yeah it sure is insane .I went for insurance on my 85 XJ 700 and would you believe it is $1500 a full year.That does not include fire or theft.They are nuts.So I only insurance for Aug and Sept and that was $490. They tack the $89 registration fee to it also..they are friggin nuts. I pay for my 96 Ford Ranger about $650 for the whole year.Just to give you a comparison between a Bike and Vehicle. My snowmobiles are about $86 a year basic insurance,no fire and theft. They are a2001 - SXR600 and2002- SRX 700.Can't imagine if I bought a new Bike or Sled what the rates would be including Fire and Theft because of the value of the machine.That is why I stick to older things,Bikes,Sleds and Vehicles.Screw them,I just don't support the economy vehicle wise.

 

This is one thing i HATE about Ontario.
I've had my cage license for 16 years. One claim in the last 7 Years (in Ontario the accident was 100% my fault bcause i hit a non moving vehicle.
The guy in front of me stopped, and i slid about 40-50 feet with full ABS goin in the snow and slush and rear ended him.)

I pay over $1900/year to insure my 2005 Ford Escape.
I pay $750/year Liabilty only for my 400. Granted i've never had a bike license before in my life. But i was told after the first year of having motorcycle license, it will drop HUGE. Of course, if it doesn't, i'll have paid for my bike twice over in 2 years

I'm 34 BTW.

Grr.. now i'm mad hahah

 

Quebec bikers protest insurance hikes
was the 16th in a string of regular and very visible weekend protests Quebec bikers have staged since April – this one dubbed Operation Snail.

Hundreds of protesters drove en masse along Quebec highways at minimum speeds over the weekend, to protest rate increases by the province's automobile insurance board.

Bikers took their protest caravan to the steps of Quebec City's legislature, with some camping overnight.

Protesters say the province is discriminating against motorcyclists and they're demanding a moratorium on rate hikes for 2010.

They're also calling for the resignation of provincial Transport Minister Julie Boulet.

Quebec's auto insurance board – the Société de l'assurance automobile du Québec (SAAQ) – insists it cannot afford to function at current rates given the incidence of accidents and the province's public no-fault insurance plan.
Quebec motorbike fees rise steadily
Annual registration fees for motorcycles, which include insurance, have been hiked in recent years, with some more than tripling.
Riders with the most powerful models have been the hardest hit, seeing annual fees spiking from $667 in 2008 to $1,030 this year and a further hike is planned for 2010 - up to $1,410.
The SAAQ contends sports bike devotees are over-represented in accident statistics.
The owners of passenger vehicles pay about $260 per year and the owners of less powerful motorcycles pay about $518 annually.
The insurance board refuses to budge on the new premiums.
In August, the board made a concession to the protesters, saying it would review the fee hikes this fall but would not cancel the 2010 fee hikes.
http://www.cbc.ca/canada/montreal/story ... otest.html

 

Its a shame why we should pay so much..its not just the industry that dictates, the Feds are in to it too. I am in ontario 37yrs been riding 2 n 1/2 yrs with safety course..NO tickets (last 5yrs)first yr paid $800/yr n then dropped to $550/yr PLPD only dont know whats in store nextyr.

 

Damn! You Canadian dudes are dedicated to the sport to EVEN CONSIDER paying those premiums.

In Washington State it is absolutely legal to ride a motorcycle without any insurance of any kind. Not even what we call liability.

One would be very young or foolish to ride without it.

The youngsters from Oregon use WA highways to run their sport bikes at high speed without worry of no insurance ($1000 ticket).

I guess if you can get 'em to the border bring 'em on. Just don't get hurt by an uninsured motorcycle rider.

 

Since my bike was in storage, I haven't had insurance on it for more than three years (been riding since '69). Put it back on road last month. It costs me $660 a year for my bike alone. (They feel that they need to make up for lost revenue because it was stored I guess.) That gives me $1,000,000 liability. The agent says it should drop by half next year. (I guess pigs will fly then.) I can't get any other coverage such as theft, collision, etc,etc at any price. They just won't give it to me. (I mean they'll do it to me just not give it to me) My car and house insurer won't touch the bike.

This Ontario Insurance!!!! I have a Ford Ranger, a Mustang GT, and an XJ550. My wife has a Fusion. I must pay public liability and property damage on each of these vehicles. I can only drive one at a time. I feel that this portion of the insurance should be on your drivers license so that no matter what vehicle you are driving others are covered should you cause an accident. All drivers should pay this even those who don't own a vehicle but still drive. Collision, fire and theft, comprehensive, and specified perils should be on the vehicle to protect the owner's investment. I have tried to get this thought across but my Member of Provincial Parliment, insurance companies/agencies, and even the papers. They won't acknowledge my letters. I guess they make too much money the way things are structured.

 

Try living in Manitoba guys.
MPI... dread that acronym too.
I have a Seca 400... full merits on my license...
$1300/year to insure, minimum insurance.
Now, I'd like to draw your attention to MANITOBA.
A) You can only ride for MAYBE 5 or 6 months of the year.
B) Winterpeg, Manitoba = Pothole capitol city of the WORLD, where alignment shops make waaay to much money.
C) You have to pay the majority of your insurance DURING SEASON... so it's $12.00 during off-season, and $200/month + during season.
Or roads are !@#$. Your top-of-the-line insurance is still !@#$
Regular drivers are seriously retarded. I can't count how many times I've avoided accidents and told my passenger ahead of time 'that guy/gal is gonna do (insert stupid accident causing thing here) and was right.
I think we should have a voting system. You can vote to have a license plate taken off the road. Enough votes (predetermined amount) gets you investigated/followed by the police.
Or even better , me... with a bat, a hammer and a big chip on my shoulder.
.\/.
~

 

I`m in British Columbia. I paid two hundred dollars for three months of road legal insurance. That with 43% discount.