My Ins Rate Increased To $460 A Year, Why??

[turbodish]

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Really? Most supersports riders here can cover all those expenses you wrote up with what they pay for their current insurance premiums and still come up with a profit, and you expect all of them to crash right? I'll take $40,000 coverage for insurance at $65/month on an R6 anytime of the day.

Can they? Recall that we're just talking 3rd-party liability in those costs. Just one badly injured person would bankrupt many average riders, never mind a car or van-load of them.

And don't forget that in Ontario your mandatory coverages also include your own extended medical care, rehab and income replacement benefits. That's usually over half the cost of your motorcycle insurance premium here, and is available only at big extra cost down south. That's right, have you looked into the cost of personal accident medical insurance down in the US? You're looking at $$$$ thousands of dollars per year for an individual. Add that cost to the cost of "cheap" liability insurance in some states and you're looking at paying about the same or more as you do here.

 

[TwistedKestrel]

That's the same ticket I'm talking about but I confused the years, and that was in 2010, so why were they increasing my rates from 2004 to 2009 with no tickets? Thread fail? I think not.

ALSO BE QUIET already about how U.S. insurance companies only "partially" covers you, who cares, I'll take $900 a year with partial $200,000 coverage than $4,000/yr with a $2 million policy. Will I really use those $2 million or ever will? If U.S. bikers are fine with their partial insurance coverage why not me?

Actually, do you know what your present liability coverage is? Standard is $1 million, but it is perfectly allowed to reduce it to $200,000 here. This could save you anywhere from five to fifteen dollars!

 

[jeero]

Will I really use those $2 million or ever will? If U.S. bikers are fine with their partial insurance coverage why not me?

Really? Most supersports riders here can cover all those expenses you wrote up with what they pay for their current insurance premiums and still come up with a profit, and you expect all of them to crash right? I'll take $40,000 coverage for insurance at $65/month on an R6 anytime of the day.

Maybe you won't use up the 2mil but if you smash that beautiful R6 into the side of a car and paralyze someone for life, that 2mil won't last long at all.
The 40k you mention will barely cover the initial cost of their hospital stay and then they will sue you to help financially support the paralyzed person.
Think about this: You will have to sell anything you own that has any monetary value (remains of bike, car, house, fancy and useless electronics, etc), and any money you make working full time will basically have to be given to the victim, making it very difficult for you to pay rent and buy food. It can ruin your life.

Insurance is to protect you, and me.

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