Newbie to motorcycles | GTAMotorcycle.com

Newbie to motorcycles

Learner

Member
Hi all,

Got my M1 recently and bought my first bike. It's an old ducati (1995) which is good for cheaper insurance, and more than quick enough for my needs.

Hoping to take my M2 in the spring. Hopefully learn a bit from this site! Cheers.
 

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JavaFan

gringo diablo
Site Supporter
one heck of a first bike
have fun, and be safe!
 

Evoex

The God
Site Supporter
Hi all,

Got my M1 recently and bought my first bike. It's an old ducati (1995) which is good for cheaper insurance, and more than quick enough for my needs.

Hoping to take my M2 in the spring. Hopefully learn a bit from this site! Cheers.
Holy. What's the damage on that thing insurance wise?

Welcome, be alert, wear gear, ride safe.
 

Learner

Member
Holy. What's the damage on that thing insurance wise?

Welcome, be alert, wear gear, ride safe.
Got a good deal through ScotiaLife Financial. Had to bundle it with my car, but for Comprehensive cover the bike insurance is $524 a year.
 

jeff96

Well-known member
I may be missing something here. Comprehensive won't get you on the road. Do you know what you're paying for liability?

Sent from my Redmi 4A using Tapatalk
 

roadrash

Well-known member
Got a good deal through ScotiaLife Financial. Had to bundle it with my car, but for Comprehensive cover the bike insurance is $524 a year.
First of all, Congratulations!
Only comprehensive insurance or full ? Didn't know Scotia underwrites motorcycle
 

Blackfin

Well-known member
Site Supporter
Something doesn't make sense: M1 license, a Ducati 916 and $524 a year for insurance?

OP, I'm curious: Can you tell us what your policy says for SABs and liability?
 

Learner

Member
Something doesn't make sense: M1 license, a Ducati 916 and $524 a year for insurance?

OP, I'm curious: Can you tell us what your policy says for SABs and liability?
Sure thing, but you'll have to excuse me as I'm a recent immigrant. What is 'SABS'?

I took the insurance papers to Service Ontario to get plates and have been on the road for a few weeks now.
 

roadrash

Well-known member
Sure thing, but you'll have to excuse me as I'm a recent immigrant. What is 'SABS'?

I took the insurance papers to Service Ontario to get plates and have been on the road for a few weeks now.
I think SABS is statutory accident benefits.

Are you sure you have liability coverage? $524 sounds way too cheap for someone on an M1 and that bike type. To me it sounds like you only have fire and theft coverage. Also, are you located in the GTA ?

If you're unsure, you should call and confirm with your insurance provider. Last thing you want to do is ride around without liability insurance, which is illegal.


Edit: to put things in perspective, I ran an online quote with TD for the same bike '95 Duc 916, and got quoted $2300 per year for full coverage. I have a full M license, continuously insured for last 3 years, M2 for 6 years, location GTA.
 
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Learner

Member
I should probably point out that I did ride a 250cc bike back home and had insurance there. The ducati is my first bike in Ontario.

Ok, so I pulled out my policy.

As mentioned, I had to bundle bike cover with my car. I paid my car premium up-front when I arrived in the country: $1437 for a 10 Honda Accord. I have no insurance history in Ontario but do in my home country. I had to show this to Scotia as part of the bike insurance and they then also also applied a a discount on my car to give me some credit for experience.

OK, so for the bike policy: Under 'Liability' ($1M), my premium says '$13'. Under 'Accident Benefits (Standard Benefits), it says '$73'. Comprehensive is included, $500 deductible, premium '$26'.
Subtotal: $1437, Modification: $137

My totals show $1437 already paid, a modification of $137 for the bike (paid monthly @ $19.57).

So $1574 combined for car + bike. I`m happy enough!
 

Learner

Member
Are you sure you have liability coverage? $524 sounds way too cheap for someone on an M1 and that bike type. To me it sounds like you only have fire and theft coverage. Also, are you located in the GTA ?
Good point.... maybe I don't(?) Better call my insurer.... Oh, and I'm in the Kawarthas not GTA so that might also be a factor.
 

roadrash

Well-known member
Good point.... maybe I don't(?) Better call my insurer.... Oh, and I'm in the Kawarthas not GTA so that might also be a factor.
From the breakdown in your previous post, sounds like you have liability. Still no harm in calling and confirming. Location is probably the big factor here, and well if you were able to provide a letter of experience/insurance from your home country, that would've helped too. Still premium is insanely cheap for full coverage.

I'm still surprised to learn that Scotia insures motorcycles. It never popped up on my radar and I shop every year
 

Learner

Member
I'm still surprised to learn that Scotia insures motorcycles. It never popped up on my radar and I shop every year
I tried initially with a Broker. No insurers were prepared to give experience credit from outside Canada or the US. Initial quotes were like, $2300!!

Scotia was my last thought, I already had the car with them so gave them a call and lo & behold they delivered.
 
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Evoex

The God
Site Supporter
I tried initially with a Broker. No insurers were prepared to give experience credit from outside Canada or the US. Initial quotes were like, $2300!!

Scotia was my last thought, I already had the car with them so gave them a call and lo & behold they delivered.
Even 2300 is good, how sad is that.
 

Trials

Well-known member
I should probably point out that I did ride a 250cc bike back home and had insurance there. The ducati is my first bike in Ontario.

Ok, so I pulled out my policy.

As mentioned, I had to bundle bike cover with my car. I paid my car premium up-front when I arrived in the country: $1437 for a 10 Honda Accord. I have no insurance history in Ontario but do in my home country. I had to show this to Scotia as part of the bike insurance and they then also also applied a a discount on my car to give me some credit for experience.

OK, so for the bike policy: Under 'Liability' ($1M), my premium says '$13'. Under 'Accident Benefits (Standard Benefits), it says '$73'. Comprehensive is included, $500 deductible, premium '$26'.
Subtotal: $1437, Modification: $137

My totals show $1437 already paid, a modification of $137 for the bike (paid monthly @ $19.57).

So $1574 combined for car + bike. I`m happy enough!
As you should be! You are paying the rates that we all should be paying.
I suspect somebody recorded or your VIN wrong somewhere along the process, check the VIN on the policy against the one stamped on your bike, if they are the same I wouldn't say a word.
 

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