2022 insurance | GTAMotorcycle.com

2022 insurance

ToSlow

Well-known member
Site Supporter
I switched a month ago to a new insurer. On my old policy i gifted my son a car thought i would save 1200 bucks. Nope my policy went up after taking him off to another 200 bucks more
 
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Lightcycle

Rounder of bolts, Dropper of tools
Site Supporter
Absolutely unscrupulous. Did they think you would just shrug, rollover and accept a 200% rate increase for a simple "market" adjustment?

I actually don't think they want him to shrug, roll over and accept it.

When something like that happens, it reads like, "We're not interested in your patronage any longer. We would like it if you would take your business somewhere else."

Maybe they want to get out of the motorcycle insurance game because of lack of profits?
 

Scuba Steve

Well-known member
Site Supporter
Maybe with TD melloche will check the personal next week the other 4 are on a different policy with melloche. Crazy thing is 1400 is for accident benefits. Everything else is peanuts

Sent using a thumb maybe 2
 

sburns

Well-known member
Maybe with TD melloche will check the personal next week the other 4 are on a different policy with melloche. Crazy thing is 1400 is for accident benefits. Everything else is peanuts

Sent using a thumb maybe 2
Wonder if that has anything to do with COVID, maybe the province needs more money to support health care and here is how they will access the funds.
 

Lightcycle

Rounder of bolts, Dropper of tools
Site Supporter
Wonder if that has anything to do with COVID, maybe the province needs more money to support health care and here is how they will access the funds.

Maybe in BC, where the vehicle insurance is government-run. But in Ontario, insurance companies are all private, so the province can't (or at least shouldn't be able to) touch it.

But it brings up a good point though. Is it ethical to raise property taxes or vehicle licensing fees and redirect the additional funds to healthcare? Taxing one portion of the population for the benefit of another separate and distinct population?
 

Evoex

The God
Site Supporter
Maybe with TD melloche will check the personal next week the other 4 are on a different policy with melloche. Crazy thing is 1400 is for accident benefits. Everything else is peanuts

Sent using a thumb maybe 2
which is likely already covered by your employee benefits (if you have them)
 

sburns

Well-known member
But it brings up a good point though. Is it ethical to raise property taxes or vehicle licensing fees and redirect the additional funds to healthcare? Taxing one portion of the population for the benefit of another separate and distinct population?
Isn't that what happened in BC with the carbon tax, eventually they started to use it for other purposes.
 

Hack

Well-known member
Crazy thing is 1400 is for accident benefits. Everything else is peanuts

That cuz everything else IS peanuts...
$10, 20, 50k to cover the loss of property is pocket change.
Catostrphic injuries... not so much.
 

Scuba Steve

Well-known member
Site Supporter
we just got hubby's in from TD...went from $883 to over $2000...no accidents, no claims, no nothing...I guess we'll start calling around...
Looks like TD wants out of the motorcycle insurance business. They had been so good for years.

Sent using a thumb maybe 2
 

TK4

Well-known member
Ditched TD a number of years ago for the car, house and motorcycle. They tripled our premium with no explanation offered. Shop around, use a broker. It seems we have to do that every couple of years.
 

48Connor

Well-known member
I just switched from Echelon to TD and went from $1400/yr to $650/yr. Crazy savings, feels like I've been getting ripped off over the last 6 years.

Weird because when I first started riding, TD was $3600/yr and Aviva was $1900/yr. I thought at $3600/yr they were basically saying we didn't want you, now it feels so cheap. Hope they don't increase on me...
 

Evoex

The God
Site Supporter
I just switched from Echelon to TD and went from $1400/yr to $650/yr. Crazy savings, feels like I've been getting ripped off over the last 6 years.

Weird because when I first started riding, TD was $3600/yr and Aviva was $1900/yr. I thought at $3600/yr they were basically saying we didn't want you, now it feels so cheap. Hope they don't increase on me...
Some insurers have certain requirements before you’ll see the savings; 6 years experience etc.
 

MagnAndy

New member
ALL INSURERS are purely motivated buy personal bonusses resulting from corporate profits. All of the negative comments you have heard about Lawyers apply in kind to Insurers - they are soul-less. It may be time to stop having insurance coverage as a form of protest.
 

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