Small displacement motorcycle insurance

[adri]

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I have 2 bikes insured with TD. No bundles or multi bike discounts

Call them and ask for it. For a long time I was with TD and had two bikes insured with them and got a multi bike discount. I had no car because I was broke AF and bikes are cheap and I could just be cold in the winter for free.

 

[adri]

Do you happen to live in a city or more rural area? also is all your insurance bundled with one company, Home auto and motorcycles?
Must you have a high enough income to qualify for discounts?
Just trying to figure out why I pay $2500/yr on a 2015 DR200 in Toronto.

Only ever lived right in the city.

Home and auto, bundled with co-operators, yes. When I look at the 250cc with another company where I have nothing, the price goes from $164 to $452/yr.

I'm also 35 and have been licensed, riding, and never made a claim or been in a (reported) accident, since 2007.

I don't know why you're paying $2,500 per year for a DR200. I don't know why anyone would pay $2,500/yr for a DR200 to be honest, that's crazy. You're paying for it all over again every couple years. I'm guessing you're either much younger, have a bad record, or straight up overpaying?

I have an excel file with 52 different quotes from TD, Desjardins, Cooperators, RBC, NFP, etc. It pays to take a day off work (or on your lunch breaks) and shop around.

 

[timtune]

It pays to take a day off work (or on your lunch breaks) and shop around.

This is how you save on insurance. After shopping around I found that "bundling" wasn't the best option and I have 3 different insurers for the condo, house and vehicles.

 

[NuggyBuggy]

Let's see - you wanted to insure your off-road only motorcycles for use by (I'm assuming) minors. What could possibly go wrong in this scenario ? If I were an insurance company I'd duck you too.

You missed the part where they happily insured the same minors on *bigger* bikes. Explain the logic there.

 

[xrljoel]

You missed the part where they happily insured the same minors on *bigger* bikes. Explain the logic there.

Wouldn't that be more a situation of they insure the bike assuming you're riding it? What happens if the unlikely happens and you have to make a claim and tell them that your 14 year old was operating the vehicle?

 

[gammaguy21]

Call them and ask for it. For a long time I was with TD and had two bikes insured with them and got a multi bike discount. I had no car because I was broke AF and bikes are cheap and I could just be cold in the winter for free.

Thanks! Didn’t realize they offered multi bike discounts

 

[NuggyBuggy]

Wouldn't that be more a situation of they insure the bike assuming you're riding it? What happens if the unlikely happens and you have to make a claim and tell them that your 14 year old was operating the vehicle?

They know the kids may be riding the bikes and that I won't be the sole rider -I specifically told them and was, after all, insuring two brand new bikes of the same model.

The issue of insurance was always about the displacement, and not the kids' ages. I had many conversations with brokers/agents about this who all confirmed that their companies wouldn't touch smaller bikes < 150cc, people who at the very same time could give me a very reasonable quote for bigger bikes.

I believe there is a long thread about this somewhere on this forum as well.

EDIT: Here's a few threads I could find, all on different forums, I probably am in some of them when I went through this:

Off-road Insurance | Ontario Dual Sport Club Forum

I recently purchased a KLX 140 G for my wife and daughter to ride. I called my insurance, Desjardin Insurance (formally State Farm) they tell me they...

www.odsc.on.ca

Simcoe County Off Road Riders Association • View topic - Insurance for Bikes under 150cc

Insurance on 125cc dirtbike????

www.thumpertalk.com

The only thing I am uncertain about is whether the 150cc line is relevant only for dirt bikes.

 

[NuggyBuggy]

Call them and ask for it. For a long time I was with TD and had two bikes insured with them and got a multi bike discount. I had no car because I was broke AF and bikes are cheap and I could just be cold in the winter for free.

How big is the multi-bike discount ?

 

[adri]

How big is the multi-bike discount ?

I don't know. Like I said, I'm not a TD customer now, I used to be.

Big enough you should call them and ask though.

 

[GreyGhost]

I don't know. Like I said, I'm not a TD customer now, I used to be.

Big enough you should call them and ask though.

Most multi anything with TD is 5 or 10%. Definitely worth a call, don't expect miracles.

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