More Bull**** from Ontario insurance companies for young riders

Sorry NoFear, but you're wrong about profiling being new. I'm 55 and when I got my licence in the 70's my insurance was about 5 times what my sister had to pay. They have always used some form of demographics to determine rates.
 
Bweixz said:
Based off personal experience, I am 19, GM2, after holding my M2 for a year i got quotes from Jevco and TD, Jecvo quoted me 1800 for the year (same as some other insurance companies) on my ninja 250 while TD quoted me 1325. TD has special rates for students in uni/college as well as alumni. So it'll chop it down like around 500 with the student discount.
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I doubt the TD rate will drop to $500... I can't get the PEO rate to go that low on fire/theft (and the PEO rate is typically better than the University rate).
 
invictus43 said:
I dunno..the 50-64 demographic was the worst in terms of fatalities not long ago..credit the chopper binge for that stat.
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Yeah, but... You're assuming these 50-64 year olds crashed and died.

How many of these old buggers died... and then crashed? ;-)
 
Yea :( I understand how the OP feels. I was 22 when I first got my motorcycle quote and it was a nightmare (I will never forget the experience). Regarding age and saying young riders are inexperienced and a threat on the road is true. However, I'v seen some riders going extremely fast doing wheelies. When I see the same riders few KM's down the road and he/she takes off their helmet I have that O.o moment. The person is middle aged 40-50 years old. When I speak to them I can't help but ask them how much they pay a year and if they have had any speeding tickets, accidents etc. From what I hear their record is usually far worse than mine (Completely Clean) and yet I'm paying a lot more than them? Cant help but think that its silly. I read the reasoning behind the rates but, the decision overall is based on age and has little to do with record.
 
Giti said:
Yea :( I understand how the OP feels. I was 22 when I first got my motorcycle quote and it was a nightmare (I will never forget the experience). Regarding age and saying young riders are inexperienced and a threat on the road is true. However, I'v seen some riders going extremely fast doing wheelies. When I see the same riders few KM's down the road and he/she takes off their helmet I have that O.o moment. The person is middle aged 40-50 years old. When I speak to them I can't help but ask them how much they pay a year and if they have had any speeding tickets, accidents etc. From what I hear their record is usually far worse than mine (Completely Clean) and yet I'm paying a lot more than them? Cant help but think that its silly. I read the reasoning behind the rates but, the decision overall is based on age and has little to do with record.
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I agree. I seem to pay more in insurance with a clean record than people coming off DUIs and other horrible histories..

Just makes no sense and it ain't fair, but what are you gonna do? Just suck it up, take it in the ass and enjoy what you pay for all that much more :bigthumb:
 
When I was younger my choices were A. Take the bus B. Break the law - guess which I chose? ...and guess where it got me? $5000 and 7 years later, I am finally clean lol

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FitzR6 said:
When I was younger my choices were A. Take the bus B. Break the law - guess which I chose? ...and guess where it got me? $5000 and 7 years later, I am finally clean lol

riding-dirty.jpg
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Like a lot of people still, they don't care about the consequences until it happens and start b****ing about it. (Not saying you are)
 
ReaImDown said:
Very true... But when you equate the average 20something year olds wage $10-$15/hour vs how much the insurance is... That's almost 1/5 of their yearly income... Not including the bike/car & not to mention the rising gas prices... I'm a lot more fortunate as I have an amazing job, but it still hurts like a son of a *****... Things add up.


I can talk for hours about the gas prices... Did you know Canada is one of the richest countries in the world for oil? We should only be paying $0.50-$0.60/liter, not $1.48 like they're predicting for April...

How can a young driver pay for food, rent, and then commute on top of that... Even a bus pass for a month is well over $100(minimum) and hope to god you don't actually need to cross cities... Cause then you can pretty well kiss your pay-cheque good bye. It's retarded. - fact


---
I am here: http://maps.google.com/maps?ll=43.701209,-79.822734
- Randy
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It's one of the richest countries in the world for some of the dirtiest oil on the planet. There are times when it isn't financially profitable to clean up oil sands oil if the world price dips which is why not so long ago there were layoffs in the oilfields.
 
OpenGambit said:
maybe you can consider talking gas prices to someone who knows what they are talking about then.

1. Refining capacity isn't based in Canada, you should know that even if all you did was follow the Keystone XL debate
2. WTI and Brent are the prices that matter. It doesn't matter where the oil is, the oil is worth what it can get sold for. There is no good reason to give a huge oil subsidy domestically.

I would be interested to see how you arrive at the 60 cents a litre figure.
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I don't wanna start a gas price discution, but just to let you know : the gas price in Koweit is 19cents. in Qatar is 29cents and In Emirates is 35 cents.
Do you know how they did calculate their price ??? simple, % of oil export vs local consumption. what you forget about here is the ******* Taxes......half the price is a kind of tax.
 
zakarov said:
I don't wanna start a gas price discution, but just to let you know : the gas price in Koweit is 19cents. in Qatar is 29cents and In Emirates is 35 cents.
Do you know how they did calculate their price ??? simple, % of oil export vs local consumption. what you forget about here is the ******* Taxes......half the price is a kind of tax.
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If you don't want to start a discussion, I suggest you don't reply telling me about what I forgot.

You list me a bunch of countries that have completely different (read up to 4x higher) break even points compared to the Canadian oil sands... what is that supposed to mean about our prices exactly?
 
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I think what the o.p. is sorta saying in a very disgruntled manor is that what new riders are looking for is a fair chance. At least a grace period to prove you deserve it. However this isn't fantasy land, and yeah I have seen (and know a few) the middle age man getting his first bike and paying next to nothing for his insurance. It hard to swallow and unfair but if its how it works, and don't think you are the only one going through this. We have all been Where you are right now. I remember back in '99 I was paying $1300 a year for basic on a little automatic Yamaha xc180n. I'm recently paying the same for basic on an '81 cb750f last year. I've put down over 10 years of clean ticket free riding accident free riding and I still can't catch a break ( under $1000 for basic) even at 30. All I can say is you will find a way to pay IF you want it bad enough. However there is a line between loving something that much and just paying stupid rates. Wait a year is the best advice anyone here can give you. Good luck!

Sent from my Nexus One using Tapatalk
 
OpenGambit said:
I haven't read any of this.

But I just wanted to throw in that my rate is 550 bucks a year.

kthxbye.
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Because you are much older than him and live perhaps in the middle of nowhere? ... :-)

I know 65 year old from Tecumseh whose rate is 350bucks, imagine that ...
 
Bweixz said:
Based off personal experience, I am 19, GM2, after holding my M2 for a year i got quotes from Jevco and TD, Jecvo quoted me 1800 for the year (same as some other insurance companies) on my ninja 250 while TD quoted me 1325. TD has special rates for students in uni/college as well as alumni. So it'll chop it down like around 500 with the student discount.
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Too bad this TD MM's discount doesn't apply for Seneca @ York.
 
Bweixz said:
lmao just tell them your at york uni
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Don't you have to prove that you're a student at York? On top of that, I'm sure that'll be considered as fraud.
When I called, I asked about it.

Sent from my iPad using Tapatalk
 
jc100 said:
It's one of the richest countries in the world for some of the dirtiest oil on the planet. There are times when it isn't financially profitable to clean up oil sands oil if the world price dips which is why not so long ago there were layoffs in the oilfields.
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If I can recall I think it's $75/barrel to breakeven for oilsand. Taxes you pay at the pump amount to almost 1/3 of the total cost. Here in Calgary if you make below $30k or something you can purchase a metropass for $30/mth or just ride the train free and hope they don't check your ticket.

Here also a 14 year old can start riding (50cc) though not sure what their insurance rate is but at least they can build up some riding experience at an early age. Ontario's insurance is just ridiculous. I paid 4 times more insurance for both car and bike than what I paid here in Calgary and at one point I had 3 motorbikes insured at the same time in Ontario.
 
$30 per month metropass?!?!

tasty!!!

$104 in toronto for such delicacies....
 
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