Insurance


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Mark1976
Posts: 9
Joined: Thu Aug 02, 2018 12:59 am
Location: Brockville/Ontario/Canada
Motorcycle: 1982GL 1100 a Aspencade

Insurance

Post by Mark1976 » Tue Aug 07, 2018 9:53 am



I live in Ontario Canada. I was wondering if anybody knows what is the best insurance company to contact? Also who is going to be the cheapest because I just have my am one and I haven’t ridden for probably 20 years



Mark1976
Posts: 9
Joined: Thu Aug 02, 2018 12:59 am
Location: Brockville/Ontario/Canada
Motorcycle: 1982GL 1100 a Aspencade

Re: Insurance

Post by Mark1976 » Tue Aug 07, 2018 9:55 am

Sorry meant to say M1 License

TwoTone Trike
Posts: 158
Joined: Sat Jul 08, 2017 3:52 am
Location: Mt. Sterling Kentucky
Motorcycle: 1999 Honda GoldWing 1500se/2012 Hannigan Trike, 1953 Panhead, 1973 Electra Glide sold

Re: Insurance

Post by TwoTone Trike » Tue Aug 07, 2018 10:55 pm

Mark, What's a M1 license? Is it what we here in the states call a learners permit?

Mark1976
Posts: 9
Joined: Thu Aug 02, 2018 12:59 am
Location: Brockville/Ontario/Canada
Motorcycle: 1982GL 1100 a Aspencade

Re: Insurance

Post by Mark1976 » Wed Aug 08, 2018 5:31 am

Yes a M1 is a learners permit. We have what’s called graduated drivers license here. For motorcycles it’s M1, M2. Then when you pass the last road test you have an M license. So because my drivers license expire when I was like 25 I lost all my stuff had to start over. That’s why finding insurance is a hassle because They think I’ve never driven a bike before.

Mark1976
Posts: 9
Joined: Thu Aug 02, 2018 12:59 am
Location: Brockville/Ontario/Canada
Motorcycle: 1982GL 1100 a Aspencade

Re: Insurance

Post by Mark1976 » Wed Aug 08, 2018 5:34 am

Yes a M1 is a learners permit. We have what’s called graduated drivers license here. For motorcycles it’s M1, M2. Then when you pass last road test you have an M license. So because of that my drivers license expire when I was like 25 I lost all my stuff had to start over. That’s why finding insurance is a hassle because I think I’ve never driven a bike before

Magic23
Posts: 17
Joined: Sat May 27, 2017 12:27 pm
Location: Ontario, Canada
Motorcycle: 2003 Goldwing GL1800
2005 Harley Davidson Road King Classic

Re: Insurance

Post by Magic23 » Fri Aug 10, 2018 11:08 pm

If you work for a large company they will have an insurance company which will offer group rates for its employees. If the company that you work for has this to offer then look into it. Have full coverage on my two bikes and pay less than $1,000 per bike per year with full coverage. Everywhere else will charge about $1,500 to $1,800,
Tom

Mark1976
Posts: 9
Joined: Thu Aug 02, 2018 12:59 am
Location: Brockville/Ontario/Canada
Motorcycle: 1982GL 1100 a Aspencade

Re: Insurance

Post by Mark1976 » Fri Aug 10, 2018 11:15 pm

Thanks for the reply. I don’t work for a large company. But I am looking at a couple insurance companies online.

Magic23
Posts: 17
Joined: Sat May 27, 2017 12:27 pm
Location: Ontario, Canada
Motorcycle: 2003 Goldwing GL1800
2005 Harley Davidson Road King Classic

Re: Insurance

Post by Magic23 » Fri Aug 10, 2018 11:46 pm

I work in the insurance industry. Just make sure you know what you are covered for. Sometimes lower rates means less coverage. In one way or another.
Tom

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AZgl1800
Posts: 1123
Joined: Thu Oct 30, 2008 2:46 pm
Location: Lake Oologah Indian Territory USA
Motorcycle: '02 GL1800

Re: Insurance

Post by AZgl1800 » Sat Aug 11, 2018 2:16 am

I don't know if Liberty Mutual is allowed in Canada or not,

I have full coverage, and replacement value on my 1800, my rate is $39.67/month
in the states, your Zipcode and Credit Rating play a huge part in the rate quotes.

interesting that the Piaggio Scooter only added a few dollars to the yearly bill.
~John

User avatar
DenverWinger
Posts: 386
Joined: Thu Jun 23, 2011 2:20 pm
Location: Denver, CO
Motorcycle: 1980 GL-1100 STD Vetter (2005-)
1993 GL-1500 Aspencade (2017-)
1983 Trav-Lite Camper (2010-)
Past rides
1972 CL-350 (1980-1988) sold
1978 Suzuki GS-550 (1985-2005) sold
1977 GL-1000 (2002-2006) sold

Re: Insurance

Post by DenverWinger » Sat Aug 11, 2018 7:44 am

When I bought the 1500 I transferred the policy (Progressive) from the 1100 and put full coverage on the 1500. $200/yr. Then I thought to myself, 'That was stupid', called them back and added the 1100 back to the policy -$25 more! The 1100 alone (basic coverage) was $75/yr.

Roger that on the Zip Code, If I lived 5 blocks further North (outside Denver city limits) my vehicle insurance costs would be considerably less..... :|
They say 98% of all Hardleys ever made are still on the road..... The other 2% made it home. :lol:
(I stole this from somebody on another GW site...) :roll:

User avatar
Mh434
Posts: 1293
Joined: Tue Mar 25, 2014 10:24 pm
Location: Victoria, British Columbia, Canada
Motorcycle: 1997 gl1500 SE
Previous:
1981 GL1100I
1989 Kawasaki Concours

Re: Insurance

Post by Mh434 » Sat Aug 11, 2018 12:25 pm

Sure wish we could get coverage for those costs here!! We have mandatory government insurance, at the highest insurance cost in North America. To insure my GL1500 for a full year (even at the maximum 43% safe driver's discount) would be almost $2,000 per year (and people question why I only insure it for 5-6 months per year!).

User avatar
AZgl1800
Posts: 1123
Joined: Thu Oct 30, 2008 2:46 pm
Location: Lake Oologah Indian Territory USA
Motorcycle: '02 GL1800

Re: Insurance

Post by AZgl1800 » Sat Aug 11, 2018 3:39 pm

Here in the states, if our vehicles are not insured, our license plates are revoked, and that happens quickly when the insurance company reports that lapse to the state.

not good if we happen to catch the interest of an LEO.
~John

User avatar
Mh434
Posts: 1293
Joined: Tue Mar 25, 2014 10:24 pm
Location: Victoria, British Columbia, Canada
Motorcycle: 1997 gl1500 SE
Previous:
1981 GL1100I
1989 Kawasaki Concours

Re: Insurance

Post by Mh434 » Sat Aug 11, 2018 9:33 pm

Here, your vehicle gets towed & impounded (you can't have it back until all your insurance, impound, storage, fees, etc. are paid), you get an enormous fine, and you get enough points on your license to prohibit you from driving for 3 years. Plus, of course, your insurance doubles.

A few years ago, you could also go to jail, :o although that's gone now.

Ah, the joys of mandatory government (horribly mismanaged) insurance!

User avatar
redial
Posts: 2079
Joined: Mon Jan 03, 2011 1:17 am
Location: Kapunda, SouthAustralia
Motorcycle: 1997 GL1500 Spectre Red Aspencade

Re: Insurance

Post by redial » Sun Aug 12, 2018 4:32 am

We in Oz have two types of main insurance, 3rd Party and Comprehensive. Third party is compulsory for all vehicles, and covers personal only damage, but not the other vehicle. There are lesser types of insurance, like "fire and theft" - nothing else, and 3rd party vehicle damage - nothing else. If you run into a Rolls Royce, where a scratch will cost you a trip to the bank, then you need "comprehensive" to fix your vehicle and the Rolls. Usually you have an "excess" (or a deductible) that grows alongside the premium if you are a less than an ordinary risk.
Len in Kapunda

The world is not going to finish today, as it is already tomorrow in Australia and New Zealand, and other islands of foreign nations such as Guam and Samoa.

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Dennis613l
Posts: 43
Joined: Tue Apr 05, 2011 10:44 am
Location: Brockville, Ontario, Canada
Motorcycle: 1988 gl1500

Re: Insurance

Post by Dennis613l » Sun Aug 12, 2018 8:35 am

In Ontario, you could try getting a quote from Desjardins Insurance.....I was going to switch to them last year, but put a hold on it as don't have much time for riding at moment.
For bare bones policy, they were quoting me about $500/yr versus the $900 on my current.


I've been dealing with Monnex though the engineering association. They used to be pretty good, but have been jacking up the bike insurance 15-20% each year. The usual excuses, ohhh it is the age (1988), size of the engine, class, blahhh blahh…..apparently they moved the goldwings to the same class as the rice rocket bikes......basically they do because they can...basically limited competition as many insurers have gotten out of the motorcycle sector.

Not sure with you being an M1 licence, the insurers are likely going to hose $$$$$$ you good.
Of course they make you buy the insurance for the whole year too...….any excuse to increase $$$$$



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