$1,400/yr To Insure Me For An R6.... Yeah Right

Pegassus said:
This millionaire coverage is stupid, in the US it's $200,000 and you only pay $36/month insurance for your bike. Why do we need $1 million coverage anyways? It's not like a bike is going to destroy 10 BMW's in a crash, no way a bike can do that kind of damage. Let us choose what coverage we want.
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Wow. My dumb-ometer went through the roof after reading that.

The high amount of liability has very little to do with property damage (cars, houses, street lamps, whatever), it's for health coverage if you wreck someone's body including yours, which is entirely possible on any motorcycle by the way.

Here in Canada our health care is universal (i'm sure you're aware of that) so the 1 million that you are covered for pays for those long-term care or rehab sessions that you or your victims will need. The way it is setup here is that even though you or someone else suffers from a terrible accident, at fault or not, you can still enjoy your life and make the best of it. Our health care pays for the regular hospital stuff and the insurance pays for any other doctor you need to visit in order to walk again.

In the states, if you get minimum coverage to go enjoy your shiny bike and you t-bone a minivan and hurt 2 people plus yourself, that 200k is not going to last very long. If those people need long-term care, they can and will sue you. Your life can literally be ruined in a very short moment. If you lived in the US, you better hope you have insurance through your work if you plan to ride.
Imagine going out for a scoot, at-fault accident and you wreck your back. Once your 200k is depleted then the victims sue you for compensation of lost wages, medical bills, etc. Now that your back is fubar'd, you lose your job.
Ya. Not a picture I want to be painted in. And sadly it does happen.

Insurance prices are astronomical in Ontario and other Canadian provinces, but unless you die from a motorcycle accident, you can still have a life.
 
JEERO you are full of it or ignorant on what insurance companies give you at the end of a bad accident, didn't the Ontario government changed the rules in favor of insurance companies lately? LISTEN and LEARN, you will not received the windfalls $$$ you used to get, it's very restricted now. My neighbor was out of work for 2 years due to getting hurt in a car accident, they refused to provide him 100%, for more than a year he was in welfare, the insurance company refused to pay for his caregiver because his wife took care of him but she worked so that was the excuse, that she had an income already. To make a long story short, he was given $16,000 dollars cash and some theurepatic pillows and shoes for his troubles and 2 years of lost wages.

Way to go on that $1 million policy you tout so much.
 
I have a feeling there is a lot more to that story than you care to share or even know.
 
Peggy, the next time you are watching Jerry Springer on a US network, (and we all know you do) count the number of ads that start out saying "Injured in an accident?" They are usually piggy backed by an ad for a learning institute. Then put on any show on a Canadian network and you will notice none of said advertisements but if you do see one for a learning institute then take that number down and give'em a ring.

Buy the R6 or don't but do we need to take up bandwidth every year with the same **** from you?
 
Legal minimum coverage in Ontario is $200,000. In all of my years in the industry I've never seen a $200,000 policy but it's your right to lower your legal liability to that amount. Just don't come crying to me when you hurt someone and they take everything you have - Don't kid yourself......it happens!
 
Peggy seems to forget that he is old... Didn't anyone tell him that old people shouldn't ride Supersports? Your old bones cannot handle it, so they charge quite a bit for that reason! keep riding that sport tourer, that's what your built for!
 
Re: $1,400/yr To Insure Me For An R6....

Pegassus said:
P.S. remember that this price is just for 4 months of riding since I don't ride before June or past September
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Most insurance companies will either make you buy the whole year's worth or will charge you a higher percentage during the months you said you ride, just like everyone else. This is not new.
 
Pegassus said:
He's 37 I'm 41, he lives in Kitchner I live in Toronto. He got his M licence 1 year ago I got it 3 years ago, he's been riding motorcycles since he was 30 years old I have been riding motorcycles since I was 12.

He has had a driver's G licence since 2001, I had had one since 1989.

The only thing he has positive over me is location, so we should be paying the same to even things out. Don't punish me for the idiots that have had accidents in my postal code.
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live in Toronto??? Pay the premium...heck if it makes you feel any better...I pay $1800 for a ninja 300....f2nd year of M2 and first time riding though....
 
Pegassus said:
This millionaire coverage is stupid, in the US it's $200,000 and you only pay $36/month insurance for your bike. Why do we need $1 million coverage anyways? It's not like a bike is going to destroy 10 BMW's in a crash, no way a bike can do that kind of damage. Let us choose what coverage we want.
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I thought the minimum was $200k?

Anyway, the high value does not come from destroying vehicles. It comes from ending lives and medical bills. When you are in a collision your insurance pays the health costs, not OHIP. It can cost several thousand dollars just for the emergency vehicles to show up.
 
It's the mutiple times we pay for liability,I have yet to find some one explain why it is required to pay liability on each vehicle

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Re: $1,400/yr To Insure Me For An R6....

Is it just me or are you the biggest troll on the forum you complain about everything and boost about some unknown riding skill you possess and how you pick up hot 20 year olds as passengers

Seriously shut the **** up 1400 a year for a supersport and you're old enough to be my dad man seriously quit complaining, riders 19+ complaining about high insurance on SS I don't blame them 4000/yr has my 250 last year with Jevco at 20 years old

Pegassus said:
I wanted to buy my buddy's R6 which I ride quite often and Duffy Ins. would not insure it but asked for a quote through Premmium, they want $1,400/yr for a 2010 R6.... yeah right and that's not even full-cover. My buddy is younger than me and has had his M licence less time than me and he's insured for the same bike for less than $1,000/yr.

I came here to blasphemate Intact's rate increase a month ago, my bike (750cc Sport-Tourer) insurance rate went from $537 to $674 a year, apparently Intact bought Jevco my old insurer. I just got an online quote of $952 by TD Menochex. I got another quote from another company higher than Intact too. I might have to stay with Intact since they are the cheapest as of now, and keep my current bike for now.

P.S. remember that this price is just for 4 months of riding since I don't ride before June or past September
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Re: $1,400/yr To Insure Me For An R6....

laydee said:
is it just me or are you the biggest troll on the forum you complain about everything and boost about some unknown riding skill you possess and how you pick up hot 20 year olds as passengers

seriously shut the **** up 1400 a year for a supersport and you're old enough to be my dad man seriously quit complaining, riders 19+ complaining about high insurance on ss i don't blame them 4000/yr has my 250 last year with jevco at 20 years old
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lmao^^
 
Re: $1,400/yr To Insure Me For An R6....

Peggy threads are by far the best entertainment on this forum.
 
Pegassus said:
He's 37 I'm 41, he lives in Kitchner I live in Toronto. He got his M licence 1 year ago I got it 3 years ago, he's been riding motorcycles since he was 30 years old I have been riding motorcycles since I was 12.

He has had a driver's G licence since 2001, I had had one since 1989.

The only thing he has positive over me is location, so we should be paying the same to even things out. Don't punish me for the idiots that have had accidents in my postal code.
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You really think that a motorcyclist riding in Kitchener faces the same level of risk as a motorcyclist riding in Toronto?
 
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