2024 rate
- Thread starter matthew
- Start date
Up or down?
Mad Mike
Well-known member
That’s pretty good.
FJR $760 (switch to other bikes when required)
SP125 $220
QT50 $130
PolarisATVs $323 ea.
Desjardins too
Mad Mike
Well-known member
Mine hasn’t gone up in 3 years, even with a doozie speeding badge.
Waiting on CAA on the cars and house. I have my pace on 4 cars, the drilled last year below $300 each for the first 3000 km.
Oops. $50 decrease
Love my pace keeps my premiums under $200 on the vehicles I hardly use
Sent from the future
ifiddles
Well-known member
What is pace?
Mad Mike
Well-known member
It’s a CAA plan that covers good drivers only, you must be demerit free.
The first 3000 km cost $200-300/ year, then every additional 1000km costs 1/3rd of your premium. At 12000 km there are no more fees.
It’s great if you keep a beater pickup or sunny day car. I keep my old Spitfire, RAM, an older CTS and a beater Jeep Commander I keep up north- all are below $300 annually.
I wish they had a motorcycle program.
ifiddles
Well-known member
I'll have to call them then...I only do about 50 km/week and that's during the school year...we use hubby's truck on weekends and during the summer...thanks for that!
Got my renewal emailed to me this morning:
$747 - $60 increase over last year
2023 Yamaha MT-10 SP
$2m liability, full coverage
No claims
No tickets
Bundled with home and 2 cars (one commuter and one summer)
Waterloo region, but not in the city
Licensed and insured since 2007
42, married
Sent from my Pixel 7 using Tapatalk
AllistonGT
Well-known member
I am assuming they don't have agreed value policies? I'd be worried about the spitfire in a crash. Not a lot of comps to argue value with.
That's an amazing rate. I went from $2,647/yr to $694/yr + $120 for each 1,000 km after on a 2020 Mustang Bullitt
Mad Mike
Well-known member
Spitfires aren’t big dollar cars, if I recall the write off value is about $5k.
How do you get my pace on a spitfire I was told only OBD2 cars are eligible?
Sent from the future
I also use CAA but am concerned about using PACE due to my "driving habits". PACE records speeds and acceleration and they say they do not use driving habits against you, but I really do not beleive them. Anyone heard more about this?
Afaik, part of the rules around those devices prohibit them from using data to raise your rate. Now, I entirely expect them to find other reasons not to renew drivers they see as high risk.
I haven't looked but I wouldn't be surprised if someone sold an OBDII emulator. I haven't seen the inside of one of the nanny devices but I assume they are getting most of their information from obdii and not sensors inside the device. An emulator that knocked 20-30% off your real speed would produce reasonable data and reduce instances of speeding and rapid acceleration.
No driving habits, just odometer reading.
