My bike insurance is going up to over $1600.00 .We have a short riding season up here in Canada. I like riding,but this is becomeing very expensive. It is a government run insurance with no other options.I don't think I can justify spending that kind of money.
My question goes out to everybody,is price no object for insurance costs? When does it become to much for you? Or will you ride no matter what cost.It keeps going up at least 10% a year. I might hang up my riding jacket,until a private insurer offers cheaper rates.
Just want to here your opinion's. Thanks
Man I thought my Insurince was High ! , I pay around $300/year for full coverage on my 2002 Honda Shadow spirit 750DC threw American family Insurance, is that a Canadan thing? and can you use american Insurance in Canada (if your a Canadan)?
My truck cost's me $1200.00 a year. My wifes 09 Toyota cost $2000.00
Bike insurance is a heavy gov't gouge,but we have no other options.My bike insured in the city would cost $800.00 more,but because I live in a rural are it is cheaper:shock:
I hate to quit riding but this is to much.:x
We have a family member that lives in Minneopolis. He has 5 Harley's and he told me he insures them for the same amount that I pay.
He thinks were crazy living north of the border. I told him what's not to like $5.00/gallon gas, -30* temp. in the winter,mosquitoes that can carry away small dogs,ah it's not that bad
Insurance not required in Florida unless you are riding without a helmet. Right now, I don't carry any but I usually pay about $300 a year when I do have it.
I just did my insurance and it was 138.66 for Full coverage on my 03 Shadow Spirit from Allstate.While I was there they dropped my standard policy on my 74 Bronco and wrote it as a Antique Policy so insted of having all my stuff on 1 Policy I now have 3 seperate ones and they saved me some Money in the Process.
I wouldn't stop riding, but I would stop buying insurance. It's not a question of not wanting to pay that(well some of it is). It's the fact that I can't afford to pay that.
Hey Motorn, I have to say I'd hang up my helmet. I imagine the high insurance rates are somehow tied to your government-supplied health insurance. Is that liability and comprehensive insurance? I'm concerned the same thing could eventually happen here in the U.S. if the federal government takes over health care insurance/health care services.
My Ace is licensed in KY and my driver's license is KY. KY requires the owner to carry liability insurance in order to license the vehicle in KY.
Come on down! We got plenty of room...right now anyway.
^ Well Montego , the official reason for our high tax rate here in Canada is our "free" health care , but the ridiculously high insurance premiums are just a gouge , and we have to bend over and take it . As ww states above , not all Provinces have govmnt run insurance but prices are similar . I just got my renewal : $456 for 03 ACE + $900 for 05 RC51 , clean record , 45 yrs old . But if I get a speeding ticket or have an at-fault accident , these amounts will probably double ! Wonderful .
I'm 24, single, with a clean record. For my bike and two cars, I pay $1200/year. Full coverage on the bike and newer car, liability only on the older car.
My truck runs about $1800 a year with a 45% discount for safe driving. My bike, is even more retarded if I run through ICBC. I was looking at $1000 for 6 months. I dropped to base insurance only and got it down to $350 for 9 months. This is what I need to actually operate on the roads. Without it, huge fines! I then found an outside company to do the extra liability, theft etc at $350 for a year, so it is covered at all times for replacement, even when the ICBC insurance runs out. That way, if stolen out of my garage in the winter, I am covered. So $700 going with half ICBC, half private and almost $2000 straight ICBC.
And these prices are in Canadian Dollars, so add a bit on to convert to American...
I guess I didn't answer the OP's question though. Would I pay $1600 to ride for the summer. Answer is a simple if I could afford it. I like riding, I prefer the bike to my truck, I would pay what I can afford, just to ride. I couldn't afford $1600 without dropping something else and would have to see what I found more valuable.
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