Saskatewan proposed rates

I don't pay 1k per year on any vehicle I own so no thanks on guvt insurance why would I want to pay 5000 per year for a bike I pay 900 for now.

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Scuba Steve said:
I don't pay 1k per year on any vehicle I own so no thanks on guvt insurance why would I want to pay 5000 per year for a bike I pay 900 for now.

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Because insurance companies in the GTA screws us young drivers/riders.
 
You pay for your risk we all did it why should we subsidize risky drivers?

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Sushii said:
I'm sure insurance weren't this expensive back when the older gents here were teens.
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I'm also sure that the bikes these older gents were riding when they were teens were no where near as powerful as the SS bikes available in the last decade. Pretty sure they weren't paying 16-18k for a base model encono box brand new either. Inflation can be a pain!

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Xuryfluous said:
I'm also sure that the bikes these older gents were riding when they were teens were no where near as powerful as the SS bikes available in the last decade. Pretty sure they weren't paying 16-18k for a base model encono box brand new either. Inflation can be a pain!

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1. Not everyone rides a SS and they still get charged a crazy amount if your young
2. Bikes were still capable of reaching well beyond highway speeds.
 
Sushii said:
1. Not everyone rides a SS and they still get charged a crazy amount if your young
2. Bikes were still capable of reaching well beyond highway speeds.
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3. Young riders are stupider than they used to be.
 
fastar1 said:
How would you propose they distinguish future crashers from non-future crashers?
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Accident free = safe driver = cheaper insurance regardless if its first year or age. Once you get into an accident your moved into a separate group (rates that we get right now i suppose).

So everyone starts off with something reasonable until they get into an accident.

This is how the system works at the moment but you start off high then it slowly goes down. My proposal is, start reasonably priced and stay that way until an accident occurs and then it'll become like the current system.

P.S I have an accident on my record so my proposal doesn't benefit me at all but it sure will benefit a lot of other young drivers/riders/
 
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Sushii said:
Accident free = safe driver = cheaper insurance regardless if its first year or age. Once you get into an accident your moved into a separate group (rates that we get right now i suppose).

P.S I have an accident on my record so my proposal doesn't benefit me at all but it sure will benefit a lot of other young drivers/riders/
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Doesn't work. Highest risk riders have never crashed before.
 
fastar1 said:
Highest risk riders are young, new riders. They haven't ridden before so they haven't crashed before.
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But my point is, just because they are young and new doesnt make them any better or worst than someone that is 65 and on the road. They should be given a chance to prove that they are a safe driver/rider before they are slapped on the wrist.
 
They get that chance and consistently prove themselves to be unsafe. When pubescent boys stop crashing, rates will go down faster than you can blink.
 
fastar1 said:
They get that chance and consistently prove themselves to be unsafe. When pubescent boys stop crashing, rates will go down faster than you can blink.
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Thats like saying, the internet is unsafe and it should be shutdown because people get hacked. People consistently die from vehicle related crashes, vehicles should be banned.

If a driver/rider starts at the age of 16 with an affordable insurance rate, and they continue to become accident free for 8 years, the insurance company just made 8 years worth of insurance cost from them.
If they rear end someone on their 4th year, their insurance hikes and the insurance company will most likely make back all the money they spent on the claim.

I dont think the main reason insurance companies charge so much is because they are young and of a higher risk. They want to make money and try to do so by squeezing the most amount of money from young drivers while they can and while also having a valid reason that they wont get under fire.

e.g. Older operators are probably higher risk than young operators and yet they have great rates, the insurance company cannot just increase the cost because they feel that they are a higher risk. Simply because you can argue that (I've been accident free for x amount of years). While young operators have nothing backing them up. Its just a scheme.
 
Sushii said:
Thats like saying, the internet is unsafe and it should be shutdown because people get hacked. People consistently die from vehicle related crashes, vehicles should be banned.
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Specific sites are shut down when they are threatening or illegal. Specific cars are banned when they are unsafe (more likely they don't make it to market to begin with). Same with riding. Specific riders are targetted with higher rates because they represent a higher risk. No need to impose a blanket penalty on everyone.

If a driver/rider starts at the age of 16 with an affordable insurance rate, and they continue to become accident free for 8 years, the insurance company just made 8 years worth of insurance cost from them.
If they rear end someone on their 4th year, their insurance hikes and the insurance company will most likely make back all the money they spent on the claim.

I dont think the main reason insurance companies charge so much is because they are young and of a higher risk. They want to make money and try to do so by squeezing the most amount of money from young drivers while they can and while also having a valid reason that they wont get under fire.

e.g. Older operators are probably higher risk than young operators and yet they have great rates, the insurance company cannot just increase the cost because they feel that they are a higher risk. Simply because you can argue that (I've been accident free for x amount of years). While young operators have nothing backing them up. Its just a scheme.
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It could be a giant conspiracy to get rich, I guess. Or, young riders crash a lot. Tough call.
 
Just got my new rates for the Wing. Was $1333 and now + 10% to $1467.00. Clean record, old rider. Accident benefits are $829.00. When comparing to US rates it would be $638 w/o the benefits. Even less if I had the $50K liability some states allow vs. the 2 million I carry.

Sask present rate for me would be $1492, proposed rate $2439
 
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Hey dummies....they lost money on motorcycles so they are raising the rates to where they should be.....end of story. The IQ on this site is getting lower and lower every month it seems
 
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