Scooter Insurance...

M

momoneymohoney

Member
Called TD, Riders +, J. Duffy and Co-Operators (which doesn't insure certain bikes), cornerstone. All of them are quoting me over $1000 for the Yamaha Majesty (400cc), which is odd since my Suzuki Cat-Tuna 750 costed me $1100 to insure. Anyone have any advice to get decent motorcycle insurance for a scooter or am I doom to pay this over-priced pile of poop?
 
momoneymohoney said:
Called TD, Riders +, J. Duffy and Co-Operators (which doesn't insure certain bikes), cornerstone. All of them are quoting me over $1000 for the Yamaha Majesty (400cc), which is odd since my Suzuki Cat-Tuna 750 costed me $1100 to insure. Anyone have any advice to get decent motorcycle insurance for a scooter or am I doom to pay this over-priced pile of poop?
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Scooter insurance in Ontario is a rip-off. The Ontario government treats scooters as motorcycles and therefore you are stuck paying motorcycle insurance rates. I hope you an find a better rate somewhere. There is obviously an oligopoly that is engaged in uncompetitive behaviour.
 
laps said:
Scooter insurance in Ontario is a rip-off. The Ontario government treats scooters as motorcycles and therefore you are stuck paying motorcycle insurance rates. I hope you an find a better rate somewhere. There is obviously an oligopoly that is engaged in uncompetitive behaviour.
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I just don't understand the logic of how they can charge me $1100-$1500 for a 400cc scooter and charge me the same price for a cbr600 or katana 750? I doubt the yamaha majesty get's into more accidents than a cbr f4.
 
If it's a 400CC scoot, then it will be treated as a 400CC bike. The rates on that scoot are probably similar to what you would pay on a Suzuki GS500 or a Kawi Ninja 500.
 
VifferFun said:
If it's a 400CC scoot, then it will be treated as a 400CC bike. The rates on that scoot are probably similar to what you would pay on a Suzuki GS500 or a Kawi Ninja 500.
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Call me crazy, but I think their charging even more, as I've said, It's costing the same amount to insure the 400cc Scooter as my 750 katana.
 
momoneymohoney said:
Call me crazy, but I think their charging even more, as I've said, It's costing the same amount to insure the 400cc Scooter as my 750 katana.
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The insurance company will band CC's together and apply the same rate. Although it's unlikely, the 400CC and 750CC could be in the same band (eg. 0CC - 149CC; 150CC - 399CC; 400CC - 750CC; etc.)

It's also possible that your company has separate Scooter and Motorcycle algorithms, and a 400CC Scoot works out to more than a 750CC bike (but this seems unlikley too).

I agree -- it just seems weird.
 
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