Look at the rider down/bike crashed threads. Most people are paying 1000-4000/yr for insurance. Most of those threads will involve the insurance company writing a check for 5 to 10 times that amount (assuming nobody was seriously injured). Insurance is expensive in Ontario due to the coverage offered and fraud that is difficult to prevent/prosecute with the current system. If Ontario suddenly had nice weather in the winter I am sure premiums would increase by 30% or more.
Personally, if I were an insurance company I would seriously consider not writing bikes, there may be some money to be made, but the pool of members paying vs the pool collecting just doesn't seem worth it. I fully expect State Farm to back off on their loss-leader bike insurance at some point (still be a loss (say Jevco-10% or so), but no where near their current rates of ~Jevco-75%). House and car insurance is profitable and predictable, but they must be losing their shirts on bike policies.
