Great rate at TD MM

[250R-ICE]

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That's similar to what just happened with me. I called and asked why. I noted they are also giving us less coverage and asking for more. He said TD (Security National) got hit hard with all the recent sewer flooring claims and something about the disasters in western Canada. So they have a nation wide approx. 30% increase across the board. I told him it was all ********. You are using that as an excuse to make up the difference in the slightly lower premiums being mandated for auto insurance this year. So in the end the insurance companies are always getting their increase quota from somewhere.

They keep lowering our coverages and charge us more ..... and watch the Liberals will be proud to promote their half azz promises saying see we lowered your auto premiums. While in fact we paid more elsewhere.

QUOTE=Runner2k;2373699]Yes. I'm with TD and my House insurance renew just came up.

from: $744 /yr
to: $950.88 /yr

I don't get why the extra $200 per year... I haven't even changed a thing in the policy.

My auto insurance isn't up until mid year and I do not want to see it cause it will likely go up.[/QUOTE]

 

[hedo2002]

This just demonstarates ONE of the many issues that are wrong with insurance. If a company has higher claims for flooding then, they increase the premiums on HOME policies, not on motorcycle and auto policies. I agree even if a "disaster" happens out west we pay higher premiums to help cover it just as those out west should pay higher, if we have an issue here.

That's similar to what just happened with me. I called and asked why. I noted they are also giving us less coverage and asking for more. He said TD (Security National) got hit hard with all the recent sewer flooring claims and something about the disasters in western Canada. So they have a nation wide approx. 30% increase across the board. I told him it was all ********. You are using that as an excuse to make up the difference in the slightly lower premiums being mandated for auto insurance this year. So in the end the insurance companies are always getting their increase quota from somewhere.

They keep lowering our coverages and charge us more ..... and watch the Liberals will be proud to promote their half azz promises saying see we lowered your auto premiums. While in fact we paid more elsewhere.

QUOTE=Runner2k;2373699]Yes. I'm with TD and my House insurance renew just came up.

from: $744 /yr
to: $950.88 /yr

I don't get why the extra $200 per year... I haven't even changed a thing in the policy.

My auto insurance isn't up until mid year and I do not want to see it cause it will likely go up.

[/QUOTE]

 

[PrivatePilot]

This just demonstarates ONE of the many issues that are wrong with insurance. If a company has higher claims for flooding then, they increase the premiums on HOME policies

Spreading the burden of a bad year across multiple divisions of a company is common practice as to not shock any one segment. The same thing happens across many industries. It does raise the ire of those who are seeing an increase in their segment because of another they might not be exposed to, but for those in the badly effected segment who would otherwise perhaps see staggering increases in their policies, the picture looks better.

You can easily find yourself on the other side of the fence one day.

 

[nfq]

Spreading the burden of a bad year across multiple divisions of a company is common practice as to not shock any one segment. The same thing happens across many industries. It does raise the ire of those who are seeing an increase in their segment because of another they might not be exposed to, but for those in the badly effected segment who would otherwise perhaps see staggering increases in their policies, the picture looks better.

You can easily find yourself on the other side of the fence one day.

That's understandable and makes perfect sense. However the anecdotal notion is that vehicle insurance is always getting it one way or another.

Drive for 40 years and no claim? We'll raise your rates because you're 'due' for an accident.
Bought a new motorcycle that we classify as sports because there's an 'R' in your VIN? 200% increase.

etc
etc

 

[PrivatePilot]

I know... I always take insurance discussions with a grain of salt and have said many times that our system here in Ontario is broken in many fashions, but there are some things that are understandable despite other parts bring horribly busted.

We all must hope that the coming reforms in the years ahead pay dividends, but with some of the comments and such I've seen here recently, I wonder how successful it'll be....but solving our severe fraud problems in this province would be a good start.

 

[RickT]

We all must hope that the coming reforms in the years ahead pay dividends, but with some of the comments and such I've seen here recently, I wonder how successful it'll be....but solving our severe fraud problems in this province would be a good start.

The Ontario Insurance rates are bad enough without getting the Government involved (given how well they manage everything else). Accountability should be the key to fair insurance rates and not the Government agreeing to lower/restrict coverage and claims. Insurance companies should be required to justify their rates/claim activity to ensure fair rates are available and gouging does not occur (OK,not going to happen but would be nice). So far all the Insurance comments from the Ontario Government have related to Auto insurance with no mention of Motorcycles (the article you link to also states Auto Insurance). Given the reports recently of most riders seeing a significant increase (25% plus) for 2016 and further restrictions on sport bikes even being considered for insurance lead me to believe we are being "screwed" yet again. I'm lucky that I can live/work anywhere in Canada and the writting seems to be on the wall that continuing to live and be taxed in Ontario is not going to be one of my better options.

 

[PrivatePilot]

The Ontario Insurance rates are bad enough without getting the Government involved.

Just to play devils advocate here....one of the cheapest provinces in Canada to insure a car (Quebec) has a partly government run system, and several of the other notably cheaper provinces also have partly or fully government run systems, so your argument is invalid.

There was a few comments in the last month or so from people who moved here from fully government run provinces like BC who just about **** their pants when they got both their car and MC insurance rates.

To the exact contrary, Ontario is fully private insurance (no government involvement) and is officially the most costly province in the country to insure your car in.

So, based on the facts....I think we should *welcome* government involvement, not fear it.

 

[250R-ICE]

I support the option of having both. At least as another option. The way we have it now is no different than the cell companies. Few options who control the market and charge whatever they want. You will notice every time the idea of Government run insurance is brought up. The insurance companies start a pr ads saying how bad it would be. The insurance companies have their pockets soon deep into our financial system. That we would never see the option. Just like the Telcom companies blocked any new companies from being able to compete in Canada.

 

[spankayf]

I've been with TDMM for about 16 years on the car and 6 with the bike, both with an Alumni discount. I find their rates to be reasonable, but I've got to negotiate the car again as I'm barely driving, working from home, and still pay a stupid amount for a vehicle that gets driven for about 20 km a week. The new bike rate didn't change compared to the old, which was a bonus. Always have to call around and see what is on offer, as all insurance companies generally suck.

You'd be a good candidate for the Adjusto at The Personal with your car sitting unused. If you also don't drive after midnight you'd easily get 20% off your rate


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[PrivatePilot]

Just like the Telcom companies blocked any new companies from being able to compete in Canada.

They tried to get in their way, they swallowed up a lot of the early contestants (Microcell/Fido was ate by Rogers, Clearnet by Telus, etc) but Wind is a good example of one that made it despite the roadblocks in their way...but it was recently bought by Shaw and is likely headed down the road of suckage now, but that's another story.

Anyhow, different topic, but I agree....the insurance system here in Ontario is quite cozy in their ways, any talk of government involvement gets them worried...not excited. That can only be a plus for consumers.

 

[szzhj5]

Just got the renewal from TD MM for my '07 FJR1300. Was $564/yr, now $927, or 64% increase. Alumni discount, 2 vehicles, house .... was always happy with the rates and service.

I called and was told the increase was due to the FJR moving to a new "rate group". Was also told the whole industry was going to these new rate groups.

So, do I shop around, or grab my ankles?

 

[Mina]

What do you have to lose by shopping around? Worth a shot at the very least.

 

[LePhillou]

Just got the renewal from TD MM for my '07 FJR1300. Was $564/yr, now $927, or 64% increase. Alumni discount, 2 vehicles, house .... was always happy with the rates and service.

I called and was told the increase was due to the FJR moving to a new "rate group". Was also told the whole industry was going to these new rate groups.

So, do I shop around, or grab my ankles?

holy mother of god... thats ungodly

 

[spankayf]

This industry is truly fecked with no rhyme or reason to the quotes. The FJR rate at 564 I'm assuming no collision is below anything I've ever seen ... but a 64% increase with that rationale is criminal


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[szzhj5]

This industry is truly fecked with no rhyme or reason to the quotes. The FJR rate at 564 I'm assuming no collision is below anything I've ever seen ... but a 64% increase with that rationale is criminal


Yes it did include collision with $500 deductible!! The FJR used to enjoy the comfort and reasonableness of the Sport Touring rates. Guess those days are over. Just wondering if anyone else has heard the same story from other companies.

 

[RickT]

Just to play devils advocate here....one of the cheapest provinces in Canada to insure a car (Quebec) has a partly government run system, and several of the other notably cheaper provinces also have partly or fully government run systems, so your argument is invalid.

There was a few comments in the last month or so from people who moved here from fully government run provinces like BC who just about **** their pants when they got both their car and MC insurance rates.

To the exact contrary, Ontario is fully private insurance (no government involvement) and is officially the most costly province in the country to insure your car in.

So, based on the facts....I think we should *welcome* government involvement, not fear it.

Sorry to burst your bubble, but you obviously don't know how Quebec Insurance works. Take a look at the attached Quebec Government "Registration Renewal Chart". This covers the plates and the "basic" insurance. The cheap insurance you refer to is the extra insurance over and above this that most riders require. http://www.saaq.gouv.qc.ca/en/vehicle_registration/registration_cost/moto.php

And comparing a fully government run program like ICBC to a private one with government involvement is like comparing apples to oranges.... but whatever. Guess only time will tell. I remain highly skeptical of anything our Provincial government gets involved in.

 

[PrivatePilot]

Take a look at the attached Quebec Government "Registration Renewal Chart". This covers the plates and the "basic" insurance. The cheap insurance you refer to is the extra insurance over and above this that most riders require. http://www.saaq.gouv.qc.ca/en/vehicle_registration/registration_cost/moto.php

Yes, it's a two part system, but the private insurance side in QC is only for liability, and if desired, collision. The healthcare portion is funded by the government operated portion.

The facts, no matter where you look, point towards Quebec still being the cheapest in the country, even with both the mandatory private and government insurance portions added together.

http://www.gaa.qc.ca/en/comparison-province

From the above page:

• "The Quebec data includes the premium for material damage (private insurers) and the premium for bodily injury (SAAQ)"
• "Quebec has the lowest auto insurance rates in Canada"

Yes, I'm sure you can find instances where another province may be cheaper for one driver/vehicle combination, but we are talking averages here.

 

[LePhillou]

Yes, it's a two part system, but the private insurance side in QC is only for liability, and if desired, collision. The healthcare portion is funded by the government operated portion.

The facts, no matter where you look, point towards Quebec still being the cheapest in the country, even with both the mandatory private and government insurance portions added together.

http://www.gaa.qc.ca/en/comparison-province

From the above page:

• "The Quebec data includes the premium for material damage (private insurers) and the premium for bodily injury (SAAQ)"
• "Quebec has the lowest auto insurance rates in Canada"

Yes, I'm sure you can find instances where another province may be cheaper for one driver/vehicle combination, but we are talking averages here.

Except when you want a supersport(high risk). Your plates will cost north of 1k regardless, every, single, year.
http://www.saaq.gouv.qc.ca/en/vehicle_registration/registration_cost/moto.php

 

[PrivatePilot]

Except when you want a supersport(high risk). Your plates will cost north of 1k regardless, every, single, year.
http://www.saaq.gouv.qc.ca/en/vehicle_registration/registration_cost/moto.php

Indeed... But if the secondary mandatory liability coverage is only a few hundred bucks on top of that (since that tag fee includes the health coverage part), does it still not constitute a good deal?

FWIW, I've no idea what it costs, but the website does clearly indicate that their comparisons take both of the fees into consideration for the purpose of their statement.

And yes, as I mentioned in my last reply, I'm sure there's exceptions where things can be found cheaper...but considering all the people screaming about astronomical SS insurance here, having a huge portion of your instance (and the yearly sticker itself) included seems like a good start assuming the supplementary part isn't anywhere nearly as expensive as the instance system we are used to in this province.

End fact is...they're cheaper than Ontario. EVERY other province is, including the ones with government involvement that some here rail against.

 

[LePhillou]

End fact is...they're cheaper than Ontario. EVERY other province is, including the ones with government involvement that some here rail against.

True.
One specific case made me ****** a few years back, i have a 2006 base model and this guy had the 2012 bells and whistles (STi) model. He was quebec plated and was not officially living here (yet). So when we compared what we were paying for our cars, we determined that we were paying the same thing.
His being 70% car payment 30 % insurance
and me being 70% insurance 30% car payment.

So had i been in the other province i couldve had a brand new car that's more dangerous for cheaper insurance wise

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