Join Date: Apr 2008
Location: Kamloops, BC, Canada
Rep Power: 1
MC Insurance rates by province
Hey all my fellow Canadian riders,
I have insured a motorcycle in Newfoundland, Ontario, and BC. The difference in rates is truly disturbing. In Newfoundland, I paid $250 / year to insure my 1984 CB550SC. In Ontario, I paid about $750 a year to insure a 1985 CB700SC. In BC, I paid about $1000 / year to insure the same 1985 CB700SC, and I now pay about $1100 / year to insure my CB900 / 919 / Hornet. This is for the minimal coverage - no fire, theft, or collision; $1000 deductible. (Obviously, these are for different bikes and different years, but I think the trend is real.)
For reference, I am a 32-y.o. male with no claims in 15 years of driving, been driving a motorcycle for 10 years, but I only have continuous coverage for the last 2 years. We also pay another $1000 /yr to insure our Honda Civic, plus around $700 year to insure my fiancee's CB450. (Somebody still has to explain why I need to pay twice as much to insure two vehicles for myself, since I can only drive one at a time.)
I am curious to see how much insurance people are paying in other provinces. We have a single corporation (ICBC) for everyone in BC, so I can't even shop around. I would be interested to know approximately what everyone is paying in other provinces, especially someone with a similar motorcycle and driver profile.