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This is correct. Also, be certain that you understand the accident forgiveness policy of your insurer (if it is offered) since the details can vary from company to company. Some insurers offer Accident Forgiveness for free for clients who have been claims free for X years, others charge a...

You can try The Co-operators.

It's targeting fraud and it's completely within our legal and ethical rights to do so. This is nothing controversial. Clients are bound by contract to disclose claims and convictions, and ordering MVRs wouldn't be required if everyone was honest. The policy used to order MVRs has absolutely...

Yes, you must disclose all motor-vehicle accidents. Depending on the company, they may or may not consider Motorcycle claims when rating your Auto (or vice versa).

That is definitely a fake :P

That is correct. I never once said that the models use ethnicity when trying to determine how the Motor Vehicle Reports (MVRs) should be ordered for. Typical variables for such a prediction model would include the obvious ones like age, gender, previous claims/convictions history, etc...

The same insurers providing insurance in Ontario also provide insurance in the other provinces. Insurance is expensive in Ontario relative to other provinces because people in Ontario claim a lot more than people in other provices (i.e. poor driving habits, density, entitlement, etc.). I have...

When your conviction is entered into the system, the date of the conviction is also entered. If the conviction is more than 3 years old at renewal, then it will no longer affect your rate.

This is the correct response -- it is in your contract that you must inform your insurer of claims and anything short is misrepresentation. The insurer will find out on their own anyway, since the claims abstract is pulled from CGIC every year anyway (I think)? The convictions history may or...

Re: What are the laws surrounding insurance quotes based on "years insured"? An insurance company must file their "eligibility criteria" and it must be approved by the regulator before it is used. since Grey Power is focused purely on senior operators, they would have filed this as an...

Bingo. It's not flirting, but IS insurance fraud if the OP plans to regularly ride the bike without disclosing this to the insurer (i.e. using his Dad to get cheaper rates). Insurance companies aren't stupid . . . when junior causes a collision with his Dad's bike, this will set off a red flag...

Inefficient companies would be priced out of the market. Insurance is very competitive -- we're always trying to steal clients from our competitors by offering lower rates (however, they still have to be high enough to pay expected future claims). I agree with you here -- I think more can be...

Most companies divide Ontario into 50 different regions (think of is like a bunch of puzzle pieces). The premiums charged in each region are based on the claims experience in that region. Kitchener/Waterloo has lower claims experience than Mississauga, so they enjoy lower rates in K/W. People...

You could try giving The Co-operators a shot, but the $700 actually seems pretty reasonable.

It may seem like a lot of money, but would any of you be willing to accept a mere $5000 to be on the hook for anything that a brand-new rider might do on a SS bike (including their medical bills, damages they cause, etc.)? I definitely wouldn't. It doesn't take a heck of a lot for a motorcycle...

xtreemboarder is riding a 250CC bike where as yours is a 900CC. Also, xtreemboarder didn't buy Collision or Comprehensive where as you bought both.

For Motorcycles, the pie chart would have a significantly larger Accident Benefits component.

I have never heard anything about a "proportional" deductible. What jeffjones wrote is correct. You can find the Fault Determination Rules (used to assess fault) here: http://www.ibc.ca/en/car_insurance/documents/brochure/on-fault-determination-rules.pdf

I haven't had time to read into the details, but if they plan to keep SF as a separate entity, then they will probably retain the SF rating structure; however, I would still expect some rate changes since SF Canada has been bleeding red ink the last few years.

For those keeping up on the news, the Ontario insurance industry is currently required to submit Auto Insurance (not Bike Insurance) filings to the regulator over 2013 and 2014 (in a few different waves). In short, these filings detail the actuarial calculations to arrive at the premium...