Expectations for Insurance

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razorgamez

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Hey Guys,

I am thinking of getting my M2 in ontario this spring and want to know what to expect for insurance. Here is my History:
Age: 23

Canada:
Full G licence, have had my licence for 7 years
No tickets, no accidents, no anything basically

USA (california):
Full motorcycle license from 2011 to 2014 (currently expired)
Insured with StateFarm with no tickets, no accidents
Bikes owned: 2008 Ninja 250r, 2005 CBR600rr
I have a letter from state farm showing I have had the policies for these bikes and no claims during the time.

Considering the following: 2014 - 2016 Ninja 650r, KTM RC390, CBR500R
 
razorgamez said:
Hey Guys,

I am thinking of getting my M2 in ontario this spring and want to know what to expect for insurance. Here is my History:
Age: 23

Canada:
Full G licence, have had my licence for 7 years
No tickets, no accidents, no anything basically

USA (california):
Full motorcycle license from 2011 to 2014 (currently expired)
Insured with StateFarm with no tickets, no accidents
Bikes owned: 2008 Ninja 250r, 2005 CBR600rr
I have a letter from state farm showing I have had the policies for these bikes and no claims during the time.

Considering the following: 2014 - 2016 Ninja 650r, KTM RC390, CBR500R
Click to expand...

Go with Aviva, the personal, desjardins. You might be paying close to 1800-2300 for comprehensive for those bikes.
 
I was in a similar situation when I started riding back in July. I'm 23, Full G, M2, no tickets or accidents and own a '15 ER6n (naked Ninja 650r).

I am paying $200/month for liability/theft/fire on it. I was quoted around $160/month for anything in the 300cc range, so it made more sense IMO to just get a bigger bike for the extra $40. This is all with Aviva by the way, you won't get anything cheaper anywhere else at your age. You won't be able to ride anything bigger than 650cc without getting a $5500 price increase and don't bother looking at any SS bikes. Insurance also doesn't get cheaper on used bikes.

Once you have your licence for 4 years you will have a few better options. I would recommend calling Paul South for some quotes, he really is the best option for finding coverage in Ontario. Desjardins was pretty close at $300/ month but that was only if I bundled my car with it too.

Good luck, it is a shitshow.
 
BulletFrost said:
I was in a similar situation when I started riding back in July. I'm 23, Full G, M2, no tickets or accidents and own a '15 ER6n (naked Ninja 650r).

I am paying $200/month for liability/theft/fire on it. I was quoted around $160/month for anything in the 300cc range, so it made more sense IMO to just get a bigger bike for the extra $40. This is all with Aviva by the way, you won't get anything cheaper anywhere else at your age. You won't be able to ride anything bigger than 650cc without getting a $5500 price increase and don't bother looking at any SS bikes. Insurance also doesn't get cheaper on used bikes.

Once you have your licence for 4 years you will have a few better options. I would recommend calling Paul South for some quotes, he really is the best option for finding coverage in Ontario. Desjardins was pretty close at $300/ month but that was only if I bundled my car with it too.

Good luck, it is a shitshow.
Click to expand...

From the feedback I've been getting so far, insurance in ontario seems absolutely ridiculous. I only paid 300/month when I wasn in SF and that was for both a 250r and the cbr600rr.
 
razorgamez said:
From the feedback I've been getting so far, insurance in ontario seems absolutely ridiculous. I only paid 300/month when I wasn in SF and that was for both a 250r and the cbr600rr.
Click to expand...

Lol can't compare Ontario insurance premiums to American premiums. My friend in Glendale whines about paying $1100/YEAR on a 2013 S1000RR. This dude's 21 with 2 speeding tickets.
 
Im almost the same, 27 with G since i was 16, no accidents/tickets. getting M2 on april 3rd, insuring a CBR300RA SE with MSF course certificate. I dont have the USA experience though, and TBH I don't think it will matter

My best quote was something like $1196/yr with Dalton Timmis, that might give you an idea
 
I was quoted cheapest with DT as well.
2001 Saab 95 liability only
899 Panigale full coverage.
I am 25, full G, driving for 9 years. new M2 rider.
2 minor tickets
$5000 a year.
 
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JP0160 said:
Im almost the same, 27 with G since i was 16, no accidents/tickets. getting M2 on april 3rd, insuring a CBR300RA SE with MSF course certificate. I dont have the USA experience though, and TBH I don't think it will matter

My best quote was something like $1196/yr with Dalton Timmis, that might give you an idea
Click to expand...

Hey are you doing rti training course by chance? Sry to get off topic
 
JP0160 said:
Im almost the same, 27 with G since i was 16, no accidents/tickets. getting M2 on april 3rd, insuring a CBR300RA SE with MSF course certificate. I dont have the USA experience though, and TBH I don't think it will matter

My best quote was something like $1196/yr with Dalton Timmis, that might give you an idea
Click to expand...

That's not a bad price considering some numbers others are getting, including me. Do you mind if I get the contact phone#/email for your agent?
I'm similar to you 32, G since 22ish, no accidents/tix/claims, CBR600f4i, M2 Jan 2016 with MSF.
 
PureSolidness said:
That's not a bad price considering some numbers others are getting, including me. Do you mind if I get the contact phone#/email for your agent?
I'm similar to you 32, G since 22ish, no accidents/tix/claims, CBR600f4i, M2 Jan 2016 with MSF.
Click to expand...

Thanks for all the feedback. The reason I included my US experience was that in the US when i was being insured I had provided a certificate from my ontario insurance provider showing i have no claims which actually reduced my premiums.

I am only going for my M1 tomorrow and my M2 in april. Looks like I am looking at a 1200 - 2000/year range.
 
Under 25 I was paying $430/month on State Farm living in the boonies outside of Guelph. That was on an M2 with under a year of experience, though. But also prices have gone up (as that was 7 years ago).
Dropped to $140/month after I turned 25.
 
USA (california):
Full motorcycle license from 2011 to 2014 (currently expired)
Insured with StateFarm with no tickets, no accidents
Bikes owned: 2008 Ninja 250r, 2005 CBR600rr
I have a letter from state farm showing I have had the policies for these bikes and no claims during the time.
Click to expand...

Sorry to give you the bad news, once you let your DL expiry, you need to start from the beginning as a new driver/rider again, USA experience will no longer be valid.
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