#*@$!&% Insurance Companies!! - Sportbike Forum: Sportbike Motorcycle Forums
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post #1 of 5 (permalink) Old 03-11-2003, 10:59 PM Thread Starter
Join Date: Jan 2003
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#*@$!&% Insurance Companies!!

I'm finding it's impossible to find even half-assed affordable insurance. I was planning on buying a 2002 ZX-12R but it seems that the FEW companies that will insure supersports, want an arm, leg and first born son for a policy.
What are all you Canadian sport bike owners doing about this? Any reasonable ideas for me?
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post #2 of 5 (permalink) Old 03-11-2003, 11:03 PM
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don't get a bank loan and get just liability which here in CA is ~$150.
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post #3 of 5 (permalink) Old 03-12-2003, 07:07 AM
Join Date: Oct 2002
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Us Canucks just got bent over even farther as of March 1st. Kingsway isn't giving out their 15% discount for joining a club to sport bikes anymore (I found this out March 6 as I was inquiring about it ). Rumour has it that they won't insure large bikes or sport bikes to anyone with less than 2 years experience either. Apparently the only other major insurer in Canada is Primmum (Ridersplus is underwritten by Kingsway). I'll try and dig up the link I read it from.

There isn't too much you can do, I called around for insurance on my CBR600 F4i in January and all quotes were within a hundred dollars ($2400+ for full converage, 26 years old with 1 year experience). I just got liability and specified perils (no collision). I figure if I crash and its my fault, I'll fix it myself, considering that there is a $500 deductible and then my rates will go through the roof.

(is there a bent over smilie here somewhere??)
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post #4 of 5 (permalink) Old 03-12-2003, 07:43 AM
Join Date: Jun 2002
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I know where your at man.

Move. Ontario has a Surcharge on sport bikes which is insanity. I don't know how they get away with it. They take the basic charge based on CC's and value of the bike then they tack on 75%- 100% based on your age if it is considered a sport model.

They wanted $2400 for insurance on my 9R last year when I was in Ontario, now here in NS I get the same full coverage for $1200.
Still expensive but acceptable.

Insurance companies say they are losing money because of 9/11 they should be ashamed of themselves trying to make money off of 9/11. The real truth is their investments are not making the huge profits they once did in the stock markets and they are passing the burden off to the average joe.
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post #5 of 5 (permalink) Old 03-12-2003, 08:40 AM
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Originally posted by apexismaximus
don't get a bank loan and get just liability which here in CA is ~$150.
here in MA i pay about $130-150 a year. financing toys sucks, especially when you pay for them while they sit there during the winter.

SQUID=Stupidly Quick, Underdressed, & Imminently Dead

Katie has a nice "spice rack".

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