How important is continuous insurance in Ontario? | GTAMotorcycle.com

How important is continuous insurance in Ontario?

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gsmokez

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Hey guys, I'm finally looking at getting another bike again because insurance used to be such a huge issue for me so I decided to wait until I was older. To sum things up, I'm looking at a Ducati Panigale V2, 29 years old (30 in August), I live in Peel Region(GTA). I've had my M for over 6 years, perfectly clean driving record. 0 tickets, I did have an accident 10 years ago but I don't think that should affect my quote at this point. The only downside I guess is that I've never had a bike insured under my name before so I was just wondering, what kind of quotes should I be expecting? Back when I wanted to insure an SS everyone told me to wait until 30 so I'm hoping that makes a difference.
 
Start working the phone. Call the folks who post in the insurance threads.
The little Paigale should be under $10,000 / year.
A non sportbike in the 300 - 400cc range might be 80% less to insure.
 
Wow, so I guess waiting till 30 really did nothing. How many years do I have to keep a bike like that insured before I get reasonable rates on a sportbike?
 
gsmokez said:
Wow, so I guess waiting till 30 really did nothing. How many years do I have to keep a bike like that insured before I get reasonable rates on a sportbike?
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Well it did something. You might be looking at 8-10K instead of 10-12K. Every year with a bike drops your risk (and therefore premium). I can't remember how long that takes to bottom out. I think three years gets you most of the way there and maybe seven for max?
 
I mean I see people paying rates around $1000 a year for sport bikes, that would be pretty reasonable in my eyes.
 
gsmokez said:
Wow, so I guess waiting till 30 really did nothing. How many years do I have to keep a bike like that insured before I get reasonable rates on a sportbike?
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6 years
 
GreyGhost said:
Well it did something. You might be looking at 8-10K instead of 10-12K. Every year with a bike drops your risk (and therefore premium). I can't remember how long that takes to bottom out. I think three years gets you most of the way there and maybe seven for max?
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Okay thanks for the clarification.
 
gsmokez said:
I mean I see people paying rates around $1000 a year for sport bikes, that would be pretty reasonable in my eyes.
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Pipe dream.

Perfect combo of age, experience, location and probably bundled everything plus the kitchen sink to get it.
 
Evoex said:
Pipe dream.

Perfect combo of age, experience, location and probably bundled everything plus the kitchen sink to get it.
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Fair enough, guess I'll just wait until I relocate. Thanks for the quick replies guys, I appreciate it.
 
Years of Continuos Insurance + Age + Clean driving / riding record + location = They may buy you dinner first...
 
Wingboy said:
I'm 68 and pay $1200 for my 09 ducati.
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Wow, I can't believe how bad the insurance situation has got here. It also makes me wonder how I see so many sport bikes on the road recently. A move was in my plans for a while now anyway so I think that's likely the only way I'll get to own a sport bike, definitely not willing to wait too much longer. Not sure how Ontario gets away with rates like this.
 
gsmokez said:
Wow, I can't believe how bad the insurance situation has got here. It also makes me wonder how I see so many sport bikes on the road recently. A move was in my plans for a while now anyway so I think that's likely the only way I'll get to own a sport bike, definitely not willing to wait too much longer. Not sure how Ontario gets away with rates like this.
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Legally mandated insurance, lots of expensive payouts, here we are.
 
58 and my KLR is less than 500$/ year (no fire, theft, or comp)
apples to oranges though
 
a klr with real power? absurd.
 
Most guys I know with super sports are well experienced riders (>10 years continuous experience), 40 or over, with clean records and even with everything bundled are paying $750-$1200/year.

I’d be curious to call (purely for ***** and giggles) and see what my quote might be.
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