does anyone have collision on their motorcycle policy ?

[hedo2002]

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Without Collision: If you are at fault you fix it out of your pocket. If you are not at fault your insurance will repair replace (market value) and you will not pay any deductible..

With collision coverage: If you are at fault you will pay deductible and your insurer will pay to fix or replace (market value). If you are not at fault your insurer will pay to fix or replace (market value) and you will not pay deductible.

The other party's insurance does not pay your claim this is no fault insurance in Ontario all monies will come from your insurer not theirs!

Not 100% accurate. If the other driver is at fault, yes INITIALLY your insurer will pay for your repairs, (If you have collision), then your insurer, recovers their costs from the "at fault" parties insurer.

The term "no fault" is somewhat misleading. Fault is determined by the FDR. If the other party is deemed 100% at fault, then their insurer will pay the costs including the deductible. Happened when my cage was reared, (she actually totalled 5 cages including the vehicle insurer and registered to her husbands company because her history was so bad..lol Her, (or in this case her husbands company insurer covered everyone's costs including deductibles). Theses costs were initially paid by my insurer and they recovered cost from the other insurer. Just we, (as the client) don't have to deal with it. Under the OLD system, (pre no fault). one insurer would have to "sue" the other to recover costs, now streamlined, with the FDR.

 

[drumstyx]

I've got collision/comp. $300 deductibles. It's such a small amount compared to the rest of the premium, you might as well get it. I think it was like a couple hundred for the year difference; at $3000/year without, it's not a big difference.

 

[SweetOnion]

From personal experience, close to yours... First bike cost me $5500, I did not get collision. Truck turned in front of me and driver also blew a warning. My bike was repaired for free.

 

[busabim]

Liability amounts to most of the cost of the policy so unless your bike is worth 2k, I would always have collision.

BB

 

[Twotons]

".........

 

[Triple]

Full coverage... expensive, but peace of mind.

 

[油井緋色]

Full coverage as well. Paying a shy less than $2,000 a year for my 2008 GSXR750.

 

[Macs]

Full coverage as well. Paying a shy less than $2,000 a year for my 2008 GSXR750.

How old are you again?

 

[油井緋色]

How old are you again?

26. I was paying $1700~ last year. Don't know why the rates got jacked up so much higher.

 

[ravensix]

Thanks guys, reading all these posts make me think twice about collision and having it.
especially with the "car turned in front of me" thing. Today after work in a 6km ride alone, 2 cars just "turned in front of me" but good thing I didn't lay the bike down.

 

[ravensix]

Ohh update!

Befor: annual premium without collision = $1599.20.

After: $1719 with collision!

Thanks guys! full coverage, I can now sleep easy at night lol

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