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I'm not pretending to know the answer, but I believe it is due to the higher value of the bikes; however, I'm sure other factors come into play too (perhaps injuries are more frequent/severe due to exposed skin, the brand attracts a more risky personality, etc.)

Hey Guys, I'm curious to know what the young riders out there are paying for Motorcycle insurance. Please copy and paste the following into your response. Thanks! OPERATOR: Operator Age: Years Licensed on Motorcycle: Number of Claims in last 6 Years: Number of Convictions in last 3 Years...

Harleys are typically surcharged about 25% relative to other cruiser bikes. Could you please share the quotes you received? Did your quotes include coverage for Collision and Comprehensive?

You are correct -- two different State Farm agents quoting you for the same risk and same coverage will give you the EXACT same premium. The rate manual is created by headquarters and approved by the regulator before being used by the agents. The agents are legally not allowed to deviate from...

Riding with fraudulently-obtained insurance is almost as bad as riding without insurance at all. You can't list your father as the principal operator because he isn't the principal operator. If the bike is too expensive to insure, look at a different bike. Your rate on the SS bikes will come...

I'm pretty sure that it is. You are looking to sign an OPCF28a endorsement: http://www.fsco.gov.on.ca/en/auto/forms/Documents/OAP-1-Application-and-Endorsement-Forms/1069E.pdf

Thanks for posting -- I was about to post the article myself! This is pretty big news and definitely not something that I was expecting. I do know that Desjardins has been hiring a lot of actuaries recently, possibly in anticipation of this acquisition. Currently, all of State Farm's Canadian...

Alberta and Ontario are nothign the same with respect to the frequency and severity of claims. I set the rate for both Ontario and Alberta, using the exact same methodologies and profit margins. Most companies that provide insurance in Ontario are the same companies that provide insurance in...

AllAdvantage -- I remember that! I actually got some pretty nice paycheques from that in its heyday :)

Valid concerns, good questions, and I won't pretend to have the answers for all of this. Anecdotally, my understanding is that the data is collected and aggregated by the third-party telematics provider. I believe I recall hearing something about the data being destroyed as soon as the client...

Thanks Brian P -- that is what I was looking for :)

Thanks guys! It sounds like the majority of HD's are probably in excess of 1200CC then? I'm really just looking for a rough guess at the distribution of HD bikes above and below 1200CC on the road in Ontario (eg. 20/80 split? 50/50 split?). I'm not looking for the distribution of bike models...

You contradict yourself -- you want to be rated on your own driving characteristics, yet you don't want a device that will report your driving characteristics to the insurer.

You are correct -- the devices are equipped with GPS and an accelerometer.

Would anyone happen to know (or have a good guess) at the average displacement of a Harley Davidson on the road? Do they mostly tend to be in the 1200CC+ range? My knowledge of Harleys is very limited :P

That's not the way we're doing it, and I'd be REALLY surprised if any insurer could get such a program to fly with the Ontario regulators. The data would be collected over the course of a year and then your renewal premium, one year later, will be adjusted based on your driving characteristics...

It will have to be a pattern, not isolated incidents. If you drive like a normal defensive person, you won't be penalized. As a policyholder myself, I would be angry as well if the rating was stupid like that!

You are misinterpreting the intent of the devices -- it is not to detect when you are speeding and jack up your rates as a result. In fact, at this moment we aren't even interested in speed data (and I doubt that it will ever be predictive unless someone is crazy over the speed limit the...

You are a sample of one person. Grab a group of 10,000 people and compare the collective premiums paid to the claims made and it will tell a different story.

I believe that cell-phone-jamming devices are illegal, but I'm not disagreeing with you!