Insuring the Versys in Ontario - Kawasaki Versys Forum
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post #1 of 28 (permalink) Old 03-14-2013, 04:54 PM Thread Starter
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Insuring the Versys in Ontario

I need to purchase insurance for my Versys in Ontario. Like to know who you would recommend and what you are paying. My auto insurer does not insure motorcycles. Just did an online quote on TDInsurance.com quoted me $559 for full coverage. Is this good or bad? (Clean driving record with no tickets or insurance claims)
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post #2 of 28 (permalink) Old 03-14-2013, 05:41 PM
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For Ontario it sounds about right, in Quebec it cost me 250$ for full coverage on my 2011 but my license plate cost me 600$ a year...

Try contacting an insurance broker, they have access to many companies, and some really don't like motorcycles, while other companies welcome them. I remember getting a quote for 2000$ a year on my 2009 Speed triple, and then my broker found a company that would insure me for 300$.
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post #3 of 28 (permalink) Old 03-14-2013, 09:40 PM
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That's about what I'm paying on mine. Might be worth shopping around (RidersPlus, etc), but I wouldn't expect the price to be much below that.

Dave

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post #4 of 28 (permalink) Old 03-14-2013, 09:46 PM
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Lowest I've seen in ON. I'm paying just over $800 full coverage including collision with Jevco. Time for me to shop around again...

Always trust your cape.
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post #5 of 28 (permalink) Old 03-14-2013, 11:11 PM
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I save a lot insuring my car and Versys with: http://www.rbcinsurance.com/quote/rb...40388315D2A700
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post #6 of 28 (permalink) Old 03-15-2013, 06:01 AM
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My policy is with Primmum, which is TD, and I'm paying about $550. Clean driving record, 49 yrs. old.
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post #7 of 28 (permalink) Old 03-15-2013, 02:02 PM
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In 'communist' BC, with gov't insurance (ICBC) I pay about $600 for 6 1/2 months, NO collision!!!

In Alberta I paid about $450 per year, again no collision.

Here in AZ my bill INCLUDING collision is $240 per year, and that's with a "full-meal-deal" of extras.

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post #8 of 28 (permalink) Old 03-15-2013, 02:12 PM
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Ok, I'm chiming in

Here, in woderfull quebec, less than $200 (198 if my memory is right) full coverage, full full full

But wait, there's a catch

I get burn by our beloved no fault governement insurance with a license plate of 580 some $ ...


LOP
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post #9 of 28 (permalink) Old 03-15-2013, 05:44 PM Thread Starter
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Signed with TD Insurance today at $448 a year (full coverage, actual price paid, $500 deductible and $1M liability). Because I am a member of an alumni association Meloche Monex (the underwriter) has a deal with I was eligible for a small group discount and also got $10 a year off for having an alarm installed.

Surprisingly the broker I just purchased car insurance from told me the best they could find was north of $800/year for my Versys. On the other hand TD's car insurance online quote was $230 a year more than what my broker came up with for the car. Guess it pays to shop around and not rely on a single broker/insurance source for everything. Who knew?
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post #10 of 28 (permalink) Old 03-15-2013, 05:51 PM
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I just did TD's online quote, got three rates: $508 for Lowest Cost, $576 for Best Value, and $610 for Best Coverage. All are well below last year's Jevco rate of $878. Time to switch!

Always trust your cape.
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post #11 of 28 (permalink) Old 03-15-2013, 05:52 PM Thread Starter
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Quote:
Originally Posted by fasteddiecopeman View Post
In 'communist' BC, with gov't insurance (ICBC) I pay about $600 for 6 1/2 months, NO collision!!!

In Alberta I paid about $450 per year, again no collision.

Here in AZ my bill INCLUDING collision is $240 per year, and that's with a "full-meal-deal" of extras.
I don't know why but cell phone rates and insurance rates don't line up between Canada and the US. The US prices are much more favorable. Even more unfathomable is insurance payouts are much higher in the US than Canada due to the higher settlement costs in the US. This is due to a slightly different civil law system in the US that encourages suing and frequently has massive settlements for claimants.
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post #12 of 28 (permalink) Old 03-15-2013, 10:42 PM
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Quote:
Originally Posted by twowheels View Post
I don't know why but cell phone rates and insurance rates don't line up between Canada and the US. The US prices are much more favorable. Even more unfathomable is insurance payouts are much higher in the US than Canada due to the higher settlement costs in the US. This is due to a slightly different civil law system in the US that encourages suing and frequently has massive settlements for claimants.
True, but the US has a much larger rider base over which to spread the cost of those claims. There are also times that I think the insurance industry in Canada would like nothing more than to see motorcycles disappear entirely.

Dave

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post #13 of 28 (permalink) Old 03-21-2013, 09:45 PM
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My '11 Versys in Ontario with full coverage is ~$440 a year. My '03 Tiger in Ontario was $480 (full coverage) while it was $850 in California. US insurance isn't cheaper to Canada if you compare apples to apples.
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post #14 of 28 (permalink) Old 03-22-2013, 07:55 AM
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revrandy: $440 is almost half what I'm paying for my '09 and I live 30 minutes away from you! Who are you with?

Always trust your cape.
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post #15 of 28 (permalink) Old 03-22-2013, 09:51 AM
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Quote:
Originally Posted by revrandy View Post
My '11 Versys in Ontario with full coverage is ~$440 a year. My '03 Tiger in Ontario was $480 (full coverage) while it was $850 in California. US insurance isn't cheaper to Canada if you compare apples to apples.
Impressive quote !


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post #16 of 28 (permalink) Old 03-23-2013, 12:12 AM
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My '11 Versys in Ontario with full coverage is ~$440 a year. My '03 Tiger in Ontario was $480 (full coverage) while it was $850 in California. US insurance isn't cheaper to Canada if you compare apples to apples.
Which company are you with? I'm curious to see what they would quote for me.

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post #17 of 28 (permalink) Old 03-24-2013, 04:30 PM
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For the many that are asking, I am insured with TD Meloche Monnex.

For comparison I have $1M liability, $500 deductible on collision/comp, medical/rehab/attendant care.

I have a clean record. Oh yeah, only the bike is insured as I don't own a car.

Good luck.
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post #18 of 28 (permalink) Old 03-25-2013, 08:11 PM
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$430/yr with TD Meloch Monnex (sp?)... with full coverage. My bike is an '09. But I am also located in Norther Ontario which tends to lessen rates. I have a full 'G' and have been riding for 7 years without any type of incident/ticket.

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post #19 of 28 (permalink) Old 04-03-2013, 07:00 AM
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I just did TD's online quote, got three rates: $508 for Lowest Cost, $576 for Best Value, and $610 for Best Coverage. All are well below last year's Jevco rate of $878. Time to switch!
I came up with similar numbers, need to call today and confirm. I have a buddy that is with them, claims insurance runs from February to February, my quote states per year, so need to check it out.
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post #20 of 28 (permalink) Old 04-03-2013, 04:15 PM
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Thx Twowheels

Well thanks to these posts I saved $660 from last year.
I will be leaving riders plus insurance and going to TD within the next few days.


Thx guys.
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