sempre1
Well-known member
I left Aviva as well i called M&Whales and they set me up with Wawanesa..59years young with a gixxer 600 $970
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Who’s Still a Reasonable Option for SS
- Thread starter Hammie
- Start date
I left Aviva as well i called M&Whales and they set me up with Wawanesa..59years young with a gixxer 600 $970
Do you have just the MC insured or other products with them as well?
sempre1
Well-known member
Just a single policy, no cars no house.
They insured me through Certas for my 1098 Streetfighter which is on the SS blacklist.
Pray tell, where can we see this black list?
Mad Mike
Well-known member
There is no industry wide blacklist however many insurance companies do keep their own. When I had my Busa, I could not insure it with most insurers, they either told me no outright or gave me a 'get lost' quote. I moved to TD, <$1000/year when brought my home, auto and bike policies to them.
I'm curious if there is any empirical evidence available in the public domain demonstrating SS motorcycles do in fact pose a greater risk over other classes of bikes.
Where are all the statistics --if any-- justifying the higher premiums and generally fewer insurance options available over other classes of motorcycles?
These so-called 'blacklists' --they certainly do exist-- seem to disproportionately and unfairly target high performance SS motorcycles without considering "rider variables". For an insurance company to say point-blank we will not insure your bike under any circumstances seems rather preemptive.
I don't know... trying to make sense of the insurance industry here in Ontario might make your head ache. It's absolutely bewildering.
Here's an old blacklist found on the Canada MotoGuide site: (circa 2010): http://canadamotoguide.com/ontario-motorcycle-insurance-blacklist-guide/ There is no real reason something like this should exist.
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Where are all the statistics --if any-- justifying the higher premiums and generally fewer insurance options available over other classes of motorcycles?
These so-called 'blacklists' --they certainly do exist-- seem to disproportionately and unfairly target high performance SS motorcycles without considering "rider variables". For an insurance company to say point-blank we will not insure your bike under any circumstances seems rather preemptive.
I don't know... trying to make sense of the insurance industry here in Ontario might make your head ache. It's absolutely bewildering.
Here's an old blacklist found on the Canada MotoGuide site: (circa 2010): http://canadamotoguide.com/ontario-motorcycle-insurance-blacklist-guide/ There is no real reason something like this should exist.
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My opinion on the whole insurance issue is that we need more options. I think if we had a Provincial insurance option, like other Provinces. Our rates would be more competitive and privite run insurance companies would be more open to insuring products like motorcycles , just to get our other products.. e..g house , auto.
Anyway I suppose I'm one of the more fortunate here. My rates went up marginally and my bike is classified in the Supersport category for some reason. I'm with TD MM.
Anyway I suppose I'm one of the more fortunate here. My rates went up marginally and my bike is classified in the Supersport category for some reason. I'm with TD MM.
Mad Mike
Well-known member
There is not. Insurance companies don't invest much to understand motorcycle risk -- the market is too small. They mostly use demographic information from the auto business (where they study alot) and share a lot of information.
Rates for motorcyclists generally follow rules used for automobiles. They shouldn't -- motorcycle accidents are more closely tied to rider experience than cars, and it turns out that the highest risk riders are the same demographic as the lowest risk car driver. Pricing in no way reflects this reality -- old men riding heavy cruisers 2000km a year are the ones who crash most. If you want empirical data, sign into Impact Auto once a week and count the writeoffs and look at their mileages - old man cruisers with low mileage make up an inordinate number of written off bikes.
Transparency in actuarial methods and data used to calculate risk should be made public in a regulated system -- otherwise we trust insurance companies to be honest with rates. Today they are not.
AllistonGT
Well-known member
I'm curious as I don't know but wrecked bikes (depreciated) can't be a big deal. My bet is the ones who are injured or dead are mostly younger riders.
Insurance companies care. It's sorta their "thing".
Trials
Well-known member
Money is their thing, they move money.
and they make a healthy profit for doing it because they collect a lot more then they spend, the government rules practically guarantee it.
Government could move your money as bad as these guys no problem :lmao:
Iceman
Well-known member
I wouldn't count on it. In the last two years in Ontario, it seems as though every weekend there is another older cruiser rider down and or dead.
My dad is in his sixties, been riding for many years. Many of his riding buddies are his age, riding their first bike which weighs 700+pounds, they have zero acquired skill, poor reflexes and a bike that can barely get out of it's own way. Not a great recipe for success.
The other end of the spectrum isn't much better sometimes.
Last year I rode with a new rider aged 21. When I hit a corner, he always came in too fast and wound up beside me in a corner on Southwood multiple times.
Fast forward one month, kids buys a zx6r because his ninja 300 is too slow.
Less than 5 days later he wrecks it in a 50 zone on a residential street, bike is split nearly in two, he's placed in an induced coma for recovery reasons.
To this day he feels he did nothing wrong an cant understand what happened.
Nice kid but I dont ride with him anymore.
By the way, I'm 100% certain the zx6r was uninsured at the time, because you know, too expensive and I have a right to ride whatever bike I want.
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#facts
I'm with All State. Policy just came in and my Busa is $596 a year.
$596 a year is great for a BUSA! Can you provide your location since this tends to make a huge difference? I was able to get a lower rate on my bikes than I am currently paying, but they wanted too much for the cars and house. Total payout is everything for me since I have multiple vehicles but just one bank account.
That's an interesting revelation. a lot of the local news reports covering motorcycle incidents last season would perhaps support that theory.
A good friend of mine, a seasoned rider in his early 40's with single speeding ticket (car) on his record, is transitioning from a HD cruiser to a 1290 Super Duke this season. I couldn't be happier for him!
His premium for the HD actually went DOWN to $800/yr while going to $1400 for the Duke (through same insurance company). Initially I could tell he was a bit shocked at the increase, but not too bad all things considered when hearing of the nightmare rate increases some of us are dealing with this year.
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