Seeing RED - Insurance blues or SCAM

[saddlebum]

Just recieved my insurance renewal. Hard to believe

 

They INCREASED it $200.00 over last years to $900.00 for the year.

 

This is for $1,000,000.00 public liability ONLY .(No collision. No personal Injury. No loss). How in the world can they justify such legalized highway ROBBERY.

 

And this is through RIDERS PLUS who are supposed to be motorcycle friendly.

 

I am convinced that there is a secret agenda by the Government of Canada and the Insurance Companey's to rid the world of Motorcycles.

 

Am I ticked off .....you bet I am.

 

I think its long past due that All Motorcyclists launch a MAJOR PROTEST.

Edited August 25, 2012 by saddlebum

[JohnT]

One of the very few drawbacks to living in Canada it seems. Dont want to sound mean but I get stepped up ( from minimum) liability plus collision ($3000) and comprehensive coverage for my VR plus stepped up liability on my GS 1100 for about $150 . A year.

Are there any other purchase options four you there?

[silent67]

At the risk of sounding mean, That's Socialism for You!

[Sylvester]

At the risk of sounding mean, That's Socialism for You!

 

And we are heading in the same direction.

 

[GeorgeS]

This is all part of the insidious plan to get us all switched over to rideing " public transit "

 

I hear that California is planning to build a new Passenger Train, from Bakersfield to somplace around San Jose. I think it will be in the 8 to 10 Billion price range.

 

I just can't wait to ride a Bus to Bakersfield, so I can ride the new train to San Jose !!!

[Dragonslayer]

Just recieved my insurance renewal. Hard to believe

 

They INCREASED it $200.00 over last years to $900.00 for the year.

 

This is for $1,000,000.00 public liability ONLY .(No collision. No personal Injury. No loss). How in the world can they justify such legalized highway ROBBERY.

 

And this is through RIDERS PLUS who are supposed to be motorcycle friendly.

 

I am convinced that there is a secret agenda by the Government of Canada and the Insurance Companey's to rid the world of Motorcycles.

 

Am I ticked off .....you bet I am.

 

I think its long past due that All Motorcyclists launch a MAJOR PROTEST.

Talk to Ediddy, He is my insurance guy and speciallizes in motorcycle insurance. I've always found his prices great with great coverages and personal service. I also like doing business with a fellow VentureRider member when I can.

[JohnT]

Do they require $1,000,000 of coverage? Even in this day and age that seems quite excessive. My liability limit is $300,000 per incident for vehicle damage and the same for bodily injury.

 

I hate to say this but the socialism comment is scarily spot on.we are on a very slippery slope.

[MikeWa]

Just remember... Your government is there to protect you.

 

Mike

[GolfVenture]

Wondering if car insurance in Canada respectively as high compared to USA.

[pmelah]

well im not moving to canada if mc ins is 1000.00 yr and i pay 75.00 for the same car ins. would be around 7 to 10k no way i could afford that

[friesman]

At the risk of sounding mean, That's Socialism for You!

 

We are not socialists up here, its a democracy, evidently you wouldnt know a socialist if it bit you. The insurance industry in Ontario is run very similar to the way it is in most of the states with each state and Province having its own rules and pricing based on market.

The Canadian Govt has little to do with setting prices on insurance, it just monitors that regulations are being followed.

Different parts of Canada are charged widely varying prices, and a couple of insurance companies are run by a provincially run agency.

 

 

Brian

[XV1100SE]

Ontario insurance accident claims 5x higher - http://www.cbc.ca/news/business/story/2011/12/05/auditor-general-ontario-spending.html

 

Why costs higher than in U.S. - http://www.thestar.com/wheels/article/1241645--why-does-car-insurance-cost-more-here-than-in-the-u-s

 

Good thing we have competition at the gas pump ! Banks don't gouge us.....

 

Sarcasm? Oh yeah !

[saddlebum]

I must make a correction on the post below, it was a $200 increase over two years. last years rate was $812.00 ....Still way too D----- much though $900 for bare minimum insurance ---give me break

 

PS this is not socialism -- we don't have that here in Canada ----it is corporate RIP OFF.

Just recieved my insurance renewal. Hard to believe

 

They INCREASED it $200.00 over last years to $900.00 for the year.

 

This is for $1,000,000.00 public liability ONLY .(No collision. No personal Injury. No loss). How in the world can they justify such legalized highway ROBBERY.

 

And this is through RIDERS PLUS who are supposed to be motorcycle friendly.

 

I am convinced that there is a secret agenda by the Government of Canada and the Insurance Companey's to rid the world of Motorcycles.

 

Am I ticked off .....you bet I am.

 

I think its long past due that All Motorcyclists launch a MAJOR PROTEST.

[sarges46]

Hmmm...I pay 1600 dollars for my 5 months of riding. That is with merit discounts. If I didnt have those it would be well over 2000.

 

I feel your pain but I would love to pay 900 dollars.

 

Cornered market here in Manitoba. Government run insurance and the there is no competition...we must insure through them. They truly have it in for bikers here. British Columbia is very similar and also quit expensive.

[Red1]

We are not socialists up here, its a democracy, evidently you wouldnt know a socialist if it bit you.

 

Actually - you have a federal constitutional monarchy a.k.a. a "Westminster-style parlimentary democracy" in Canada. ( http://en.wikipedia.org/wiki/Government_of_Canada ) Your rights and freedoms come from the Crown and are protected by your constitution. And the USA is also not a democracy - we have a constitutional republic down here. Both are supposed to represent and implement the will of the people - both often fail miserably. And while both use "socialist" style programs aimed at assisting the underprivileged at the expense of the successful and exerting control over free markets - neither are "socialist" gov'ts ..........yet. And both places are still some of the most free and prosperous nations on earth.

 

The Canadian Govt has little to do with setting prices on insurance, it just monitors that regulations are being followed.

 

While either gov't may not set prices directly, they go a long way in helping determine prices by establishing insurance minimums, mandatory coverage and other regulations, thereby forcing the "for profit" insurance companies to charge fees that cover mandated regulations and still provide for profit for it's shareholders. People often blame the business for the cost of a service, yet insurance companies operate on some of the lowest profit margins of any industry. Yet every regulation comes at a price and that price is spread out among the policy holders.

 

Not to spark an entirely different debate, :duck:but in Canada, the cost of the "free" healthcare system is part of nearly every product or service you pay for. Whether you call it a tax or a "mandated fee" - the thing that politicians and sheeple never seem to learn is that businesses pay no taxes . All the costs of a business - raw materials, labor, utilities, taxes, fines, regulations and fees - are always included in the price of it's product or service and passed down to the end consumer. That would be you. And that is true if you live in the Great White North or the Land of Dixie.

[pmelah]

We are not socialists up here, its a democracy, evidently you wouldnt know a socialist if it bit you.

Brian

 

 

 

 

yes we would he has been biting us for the last 3 yrs and hes in Washington DC at this very moment:rasberry:

[Marcarl]

Try Dalton Timmes, or the insurance broker you have for your house or car. I found a much better deal with my broker for my car, but it will depend on whether they handle MC insurance. I didn't think mine did until I asked again, and sure enough, they had just changed their minds and were now dealing with it.

Dalton Timmes uses Kingsway, as do some others. Get some quotes even if they all use Kingsway. One year I found a $300 difference from 2 brokers both using Kingsway.

[cabreco]

I can't see causing $1mil damage with my bike...AND SURVIVING THE CRASH!

I thought I had a high liability with $300K.

[friesman]

People seem to forget that Canada and the US are vastly different countries in a few respects and very alike in so many others

Sure the health care adds a bit to our costs of items, but people forget that we only have 10% of the US populationand that we are living in a larger land area which also adds to costs from shipping travel costs, road building, etc. Spreading the larger costs over a small population escalate fairly quickly.

Another huge reason we have increased price is the fact a large chunk of us live in a lot colder environment than the US Heating homes, increased fuels costs when running a vehicle in the cold and yes, plugging a car into the elctrical outlet to keep it warm all add to our costs.

We just live in a different space then the US and neither country is right or wrong, we are just different in the way we want to pay for things. We pay on our purchased items, you pay on health insurance premiums.

 

Brian

 

Please dont let this get out of hand. its just an explanation of cost differences US to Canada, its not political. (lets not go there)

Edited August 29, 2012 by friesman

[Red1]

Please dont let this get out of hand. its just an explanation of cost differences US to Canada, its not political. (lets not go there)

 

Way to bring it back on topic. I paid $329 this year for 12 months full coverage (300/100/300) on my 2000 RSV from Progressive. It had been under $300 but a *!@$* ticket in MT last year (in my car) took me out of the top rating and jacked up my ins. on ALL my vehicles when my renewals came up. They initially were gonna hit me for $400+, but I called to complain and they found some ways to lower the premiums back to a reasonable level. Now I REALLY try to watch my speed.