Bike Insurance for young riders

Discussion in 'Canada' started by zeeker1, Jan 16, 2012.

  1. zeeker1

    zeeker1 Rider

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    I am frustrated as hell. Last week I called State Farm insurance inquiring about motorcycle insurance for my 17 year old son. I was told at that time no problem, they would insure him if the bike was in my name. They gave me a verbal qoute of $1800 per year for a 650 cc for the year. I thought this was great as other qoutes were around $6000. I called today to get the qoute in writting and now they tell me they will not insure him at all.

    So far I can not find an insurance company who will insure him or do so for less than $5000. Is there any where in Ontario I can get insurance for my son at a reasonable rate ($2000 or less)?
    #1
  2. Deuce

    Deuce Crazy Canuck

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    It would be cheaper to move to another province!! :huh Maybe try to insure him as the second rider on a bike in your name??
    #2
  3. Transitwally

    Transitwally Been here awhile

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    St Catharines, Ontario
    Just got my insurance statement in the mail. I'm 47 and only had a few speeding tickets for under 15kmh over in the past 2 years, and they want $1247.00 for a 2009 Honda Varadero. Thats more than my truck:huh
    #3
  4. zeeker1

    zeeker1 Rider

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    The $6000 per year was as an additional rider on my policy. Maybe it is time to move.:(:
    #4
  5. r1200gs_chris

    r1200gs_chris Been here awhile

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    Get yourself and insurance broker. There are tons of the in Ontario. I've always done better with a broker. If you go to State Farm with a few cars and a house you will start to see some savings.
    #5
  6. DrydenRider

    DrydenRider Sun Seeker

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    I got insurance for my wife (first year rider) for 1100 from TD Insurance last year.

    I know young guys are a totally different story in Ontario. Any new rider will have a pretty big insurance bite. I had a bike license for 40 years but when i first got back into riding a few years back they wanted $2000 for a Honda 450 nighthawk.

    I was saved by the fact that i had insured an old moped for a hundred bucks the year before so they dropped it back to $600

    May need to take baby steps. You may need to start small. Use the 6k and buy a scooter or small bike and get him insured on that for a year then move up to the 650 after that once he establishes an claims free record
    #6
  7. smoothride

    smoothride Been here awhile

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    insurance is always more on anything over 600cc. you can go to TD insurance an get a quote on line they are the cheapes that i can find.
    #7
  8. drcool

    drcool R.I.P. Dave

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    He'll likely have to start with a 125. I'm pretty sure it's the reason Honda built the CBR125.

    My daughter just sold her TW200 and one of the reasons was the motor is to big. Our agent quote $3k for her first year so we gave it a pass. She didn't want to ride in the rain anyway.

    It's also possible that he might live til he's 20 if he starts small. Most of my family were betting against me making it but it was a far different time.

    Insurance sux til ya need it
    drcool

    Ps my 12 year old just started a savings account for his first years premiums. Figure he'll have enough paper money to afford it.
    #8
  9. zeeker1

    zeeker1 Rider

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    I tried TD, $4000 for a 250' State Farm said not at all, Jevco said need 2.5 years experience a few other brokers were $4000 for a 250.

    I appreciate the advice so far.
    #9
  10. Sewerat

    Sewerat Cert. bike whore

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    What we found a few years back is that most insurance companies use 30 as their age of majority for bike insurance. We were told by some that unless you are over 30 they won't even insure you regardless of experience. State farm is the only one I found that was 25 like cars. Also from what I see state farm is the only one that still uses cc's to determine price of bike not class.

    For example our Ural $1100
    Versys $1100
    Wr250 $400
    Was quoted drz400 $600
    KLR $1100

    All I can say is good luck and don't be afraid to start small to gain some years experience on the bike.
    #10
  11. RumRunner

    RumRunner Sit there, turn that

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    And ya wonder why dealers have dropped like flies over the last 10 years.

    Brampton Cycle
    Cycle World
    McBrides
    Bavarian
    Frank Trombinos dealership in Woodabridge

    on and on...

    Hang out with the younger sport bike crowd much and you'll soon realize many are NOT insured.

    Good luck Zeeker

    DW
    #11
  12. jasonmt

    jasonmt Long timer

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    Thinking about this thread as I got my insurance renewal in the mail yesterday.

    Given that I have had my bike license for 22+ years and get a multi line and multi vehicle discount, 1 million PL/PD/Uninsured Coverage/Family Protection from TD:

    2011 Husky TE 630: $10/month

    2005 Honda VFR 800: $12/month

    I seem to remember my insurance on a 1984 Yamaha FJ 600 at under $100/year when I got it back in 1989 (grade 11, 16 YO) as well.
    #12
  13. Drif10

    Drif10 Accredited Jackass

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    Clean licence, no accidents, multi-line, 47 w/ 30 years bike, still runs me 1200/yr for my 4 year old bmw here in Ontario.

    Count your blessings in Alberta.
    #13
  14. DrydenRider

    DrydenRider Sun Seeker

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    Hmmm no where near that for me

    licensed for 40+ years, also with TD

    2010 F800GS full coverage all perils 1,000,000 liability - $593
    2010 F650GS full coverage all perils 1,000,000 liability - $569

    2006 KLR PL/PD 1 mill liability - $473
    All three with me principal driver

    2001 KLR PL/PD 1 mill liability wife principal driver. She has M2 licenced 2 years - $776
    #14
  15. jasonmt

    jasonmt Long timer

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    Ouch, here I always thought it was only BC that raped you on bikes...:eek1
    #15
  16. Pay Dirt

    Pay Dirt panning the web

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    2011 Husky TE 630: $10/month

    2005 Honda VFR 800: $12/month


    $120.00/year
    $144.00/year

    :eek1

    ??????????

    PD
    #16
  17. DNF

    DNF Been here awhile

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    We all have it better than Quebec.

    Ontario rates are silly though.
    #17
  18. NaeKid

    NaeKid Ancient member, eh?

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    Location:
    Calgary, AB, Canada
    All of my bikes (three of them) are all insured for $190 / year / bike ('08 Zuki S40, '05 KLR, '81 Zuki GL850) through AMA (Alberta Motor Assoc.), they are all on the same policy with one of my Jeeps and my pickup. My first-year riding my KLR cost me $250 or something like that.

    Maybe get your boy out to Alberta for a little while, maybe for the summer (summer-job) and he can ride here and then transfer back to ON and bring his Alberta insurance along ...
    #18
  19. Ironballs

    Ironballs Adventurer

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    Obtaining motorcycle and car insurance for young riders in Ontario is absolutely ridiculous. The only way you can insure them is under your name as an occasional rider or driver. That isn't even that cheap.... The Ontario Insurance industry is legalized extortion:eek1.
    #19
  20. zeeker1

    zeeker1 Rider

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    Location:
    Thornbury, Ontario, Canada
    I have 2 bikes insured for the road, a 950 and 450. This means my son would not be an occasional driver. The worst part is if he gets his M1 licence my insurance company TD want to charge me an additional $5000 because he lives in the same house.:eek1
    #20