Co-Operators No Longer Insures Motorcycles

T

TorontoBoy

Well-known member
I have my car and bike with Co-Operators. Today I called them about adding a new bike and they tell me they no longer insure motorcycles, effective 2 years ago. They will continue to honour my existing motorcycle, and any possible future replacement, but they will not add a new bike. I called twice to confirm this info. Why do they not tell their existing clients? This change supposedly occured 2-3 years ago.

A Co-operators sister company called Federated will act as an insurance broker to call around and get me insurance, and use insurance companies such as Jevco. I am told getting a quote will take 1 week, which is ridiculous.

I am not happy. Fewer motorcycle insurers means less competition in this market space.
 
Friend is a co-op agent and gave me a quote a few weeks ago. Their quote wasn't competitive but that's another story. My agent did say they were being selective about which clients they would insure but since you are already with them that shouldn't be an issue.
 
Looks like I failed their selective test! They did provide a quote for me (they insure my car and house), but they quoted me the Jevco rates.
 
Co-operators still writes motorcycle policies -- I'm not sure what this is all about.
 
VifferFun said:
Co-operators still writes motorcycle policies -- I'm not sure what this is all about.
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I have my house and car insurance with Co-operators and when I inquired about adding a 50cc scooter they said they didn't insure motorcycles. Weird. I might call a different agent today and see what they say. I'd rather keep everything with one company to maximise my customer power.
 
AdRath said:
I have my house and car insurance with Co-operators and when I inquired about adding a 50cc scooter they said they didn't insure motorcycles. Weird. I might call a different agent today and see what they say. I'd rather keep everything with one company to maximise my customer power.
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So I called another agent and he said they do offer insurance but that they don't like to take on that risk so they only rate you in a high risk pool of insurers. In other words they don't want your motorcycle/scooter business. For someone like me who is 32, full M and clean record I am better off going with Jevco. I'm only paying $650 a year for an SV650 so I'm sure they can do well enough for a 50cc scooter.
 
AdRath said:
So I called another agent and he said they do offer insurance but that they don't like to take on that risk so they only rate you in a high risk pool of insurers. In other words they don't want your motorcycle/scooter business. For someone like me who is 32, full M and clean record I am better off going with Jevco. I'm only paying $650 a year for an SV650 so I'm sure they can do well enough for a 50cc scooter.
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Whether they want your motorcycle business or not, they still have to provide you with a quote if you want one. I believe that the scooter premiums at The Co-operators are actually quite good.
 
AdRath said:
So I called another agent and he said they do offer insurance but that they don't like to take on that risk so they only rate you in a high risk pool of insurers. In other words they don't want your motorcycle/scooter business. For someone like me who is 32, full M and clean record I am better off going with Jevco. I'm only paying $650 a year for an SV650 so I'm sure they can do well enough for a 50cc scooter.
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A 50cc scooter will be a much better rate then a 650 that is for sure.

If co-operators has filled rates for bikes, which they do, they must provide you with the quote. Regardless if the broker wants to write the business or not.
 
Shane McCarthy said:
...If co-operators has filled rates for bikes, which they do, they must provide you with the quote. Regardless if the broker wants to write the business or not.
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Please explain to me these "filled rates"? Where can I find this? I am a long time Co-Operators customer and they had an affiliate company called Federated act as a broker to get me a Jevco rate. Does this count as a quote provided to me by Co-Operators?

Federated told me Jevco dislikes sport bikes and offered to give me the phone numbers of other competing insurance companies
 
Co Operators has my Ducati 1198 insurance and is more than competive (for that bike). I was told they will only insure sportbikes for customers who currently have sportbikes with them.
 
They do still insure bikes, but will not insure bikes that fall under the supersport category. Been there, went over this with them already.
 
VifferFun said:
Co-operators still writes motorcycle policies -- I'm not sure what this is all about.
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To my knowledge they still write motorcycle policies, but they won't insure 'sportbikes.'

My experience, with Co-operators, has been rocky to say the least. I got insurance with them for my 250 scooter, for the first time back in 1985. I consistently had either a car, a bike, or both insured with them for 25 years after that. The times, when I didn't carry motorcycle insurance with them, were when they gave me grief over getting a simple quote from them.

To get back to my first point, they have a rather vague idea of what a 'sportbike' is. When I decided to buy a Ninja 650, last year, they said that it was a sportbike and that they wouldn't insure it. OK, so what about the ER-6n? Sportbike. A Versys? Yup, that's OK. Take a look at those three bikes and figure that one out. The last straw was when they said that they'd continue to cover my VFR800 (or, in fact, a new one). Buh-bye. I moved EVERYTHING. After 25 years as a customer.
 
first of all let me say i love my timing with this thread.

i literally just called and i had probably the most unprofessional agent ever. I asked if they would insure motorcycles, and they said certain types. I told him about the 87 ninja 500 i am planning to buy and he just had this dumb silence to him, not really knowing much about it. I dont blame him there if he doesnt drive. He comes back in 30 seconds telling me the do not and they apparently have "selective bikes" that they only insure. I told him specifically that i was disappointed. His explanation for co-operators was that they simply dont insure "crotch rockets" (which he more or less described us sport bike people even though a ninja 500 is a sport-touring)

I am going to follow up and harass them up the rear until they give me something. I am hoping that me and my dad's business remaining there for quite some time will slap them across the face.
 
Good luck with that. See my post, right above yours, regarding the issues that I had after being with Co-operators, through the same agent, for 25 years.
 
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