bike insurance compared - AZ to BC.... - Kawasaki Versys Forum
 
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post #1 of 14 (permalink) Old 08-28-2014, 12:35 PM Thread Starter
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bike insurance compared - AZ to BC....

Just renewed the insurance on BIG RED in AZ for another year. Pretty much FULL coverage including collision ($500 deduct) at $195.

When I did the GREEN HORNET back in April here in BC, it cost me $322 for the gov't REQUIRED minimum (including vehicle registration) for SIX months, PLUS another $320 (for the full year) for collision ($1,000 deduct) and comprehensive - fire and theft - so it's covered while it's stored and we're away in AZ.

So that comes to $53.50 per month (but ONLY covered to RIDE for six months!) here in BC, while my AZ 'tab' comes to $16.25US per month, good for ALL twelve, even tho' I can't be there for twelve....

Consider yourselves LUCKY if you do NOT live here in BC!!!


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post #2 of 14 (permalink) Old 08-28-2014, 12:47 PM
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There is a huge difference in the coverages in insurance between the US and Canada which is why there is a price difference. It is not the same product. For instance you can purchase car insurance with as little as $10,000 liability coverage in the US however in say Ontario $1,000,000 is the minimum required for liability coverage. The difference in liability coverage is just part of it. Also civil legal actions in Canada often have payouts of several hundred thousand dollars to millions if there is an injury or death resulting from an at fault driver.

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post #3 of 14 (permalink) Old 08-28-2014, 01:02 PM
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I quit doing full coverage on the bikes. Liability to cover any damage i do. Then un-insured,under-insured to cover if some one steals a car hits me or an illegal alien or just some dumb-azz without enough insurance. If i wreck my bike my damage is on me. Saved a lot of money that way.

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post #4 of 14 (permalink) Old 08-28-2014, 01:33 PM
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When you still have loan to pay off the insurance is highest. But I'm paying over $500 per year, whereas my Vulcan was $220
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post #5 of 14 (permalink) Old 08-28-2014, 01:42 PM
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When you still have loan to pay off the insurance is highest. But I'm paying over $500 per year, whereas my Vulcan was $220
True but you can also take out a personal loan for the money to pay cash for the bike. Then you don't have to worry about full coverage. The amount of time you have the bike financed you'll have wasted enough money to pay for about a third of the bike.

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post #6 of 14 (permalink) Old 08-28-2014, 01:49 PM
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Ah touchè. I should be paying it off fairly soon anyway
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post #7 of 14 (permalink) Old 08-28-2014, 02:33 PM
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Ah touchè. I should be paying it off fairly soon anyway


I'm paying $311.00 on the FJR in Cali. As you know they bend you over out here..I went with extra coverage on the un-insured, under-insured because the Sheriff of Los Angeles wants illegals to be able to use a library card as a forum of I.D. to be able to drive to and from work....:ba didea:

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post #8 of 14 (permalink) Old 08-29-2014, 07:25 AM
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Fasteddie, if you're paying that much at your wise age for a relatively sedate, several year old bike I can't imagine what a 20 something with a new R-1 would pay!

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post #9 of 14 (permalink) Old 08-29-2014, 08:18 AM
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Fasteddie, if you're paying that much at your wise age for a relatively sedate, several year old bike I can't imagine what a 20 something with a new R-1 would pay!
That's why a lot of young guys around here take big risks breaking the law and riding without insurance. Happens too often.

I'm at $697 this year, full coverage on my '09 V. My permit is an extra charge at $48. I push my riding season to about 8 months, with only a few rides possible on each end of that in March and November.

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post #10 of 14 (permalink) Old 08-29-2014, 09:46 AM
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I'm in Southern Ontario.

$617/year - $1,000,000 liability, comprehensive and collision coverage. Would be roughly $400/year without collision and some specified perils.

No tickets for 20+ years, licensed and have owned at least one bike continuously for 40 years.
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post #11 of 14 (permalink) Old 08-29-2014, 10:12 AM Thread Starter
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Quote:
Originally Posted by twowheels View Post
There is a huge difference in the coverages in insurance between the US and Canada which is why there is a price difference. It is not the same product. For instance you can purchase car insurance with as little as $10,000 liability coverage in the US however in say Ontario $1,000,000 is the minimum required for liability coverage. The difference in liability coverage is just part of it. Also civil legal actions in Canada often have payouts of several hundred thousand dollars to millions if there is an injury or death resulting from an at fault driver.
FWIW - when I moved to BC from Alberta (3 years back), I was paying aprox. $450 per year for my bike. Imagine my surprise to find that BC was charging about $100 per MONTH for the same coverage!

BC has gov't run insurance, and the $ go to "general revenues", making it a 'cash-cow' for the gov't. They are proposing a 5.x % increase for next year, which along w/ the last few years' increases, comes to aprox. 25% over 4 years...!

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post #12 of 14 (permalink) Old 08-29-2014, 01:54 PM
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Ouch... When I called my insurance company (Rider Ins.) the woman on the other end said "Oh this is a dual sport bike" and then gave me a rate for a dirt bike. I wasn't about to correct her...
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post #13 of 14 (permalink) Old 08-29-2014, 06:37 PM
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That's why a lot of young guys around here take big risks breaking the law and riding without insurance. Happens too often.

I'm at $697 this year, full coverage on my '09 V. My permit is an extra charge at $48. I push my riding season to about 8 months, with only a few rides possible on each end of that in March and November.
That's about what I'm paying here in Ottawa as well.

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post #14 of 14 (permalink) Old 08-30-2014, 04:09 PM Thread Starter
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And here's ANOTHER for you.

The AZ broker handling our home and auto insurance phoned to ask me to request a "review" of my auto-ins. charges, which I did. Just got the bill for a year (Nissan Maxima, full coverage). $547.50 now, compared w/ $743.20 last year.

- -

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