Insurance advice - BC, Canada

Discussion in 'Canada' started by canadius_maximus, Dec 7, 2006.

  1. canadius_maximus

    canadius_maximus Quaere verum

    Joined:
    Nov 8, 2006
    Oddometer:
    2,623
    Location:
    Lower Mainland, BC, Canada
    Please forgive me if this is the wrong place - best I could think of given I'm from Canada ... :D

    As part of shopping for a new bike, I've asked for quotes on various bikes. When I last rode a few years ago, that was in Calgary. But now, in BC, I'm shocked at the quotes I've gotten to insure a late-model (02-04) KLR. Liab of $584 .... Comp of $452 .... What gives? I have a safe, clean record, (ok 1 speeding ticket 3 years ago) and no at-fault accident for over 12 years.

    I tried Canadian Western Direct, but they'd only insure touring bikes, Harleys, etc - AND driving for 20 years. I've been driving for 18 ...

    What are some of you BC KLR-ers paying for Liab and comp? I'm not going to bother on collision .... Agencies you'd recommend? I've been hoping to make this a slightly cheaper commuting alternative to my family-mobile Volvo 240 .... so far, it's looking like the very opposite.

    Many, many thanks in advance for your help.
    #1
  2. Shewbert

    Shewbert Been here awhile

    Joined:
    Aug 14, 2006
    Oddometer:
    130
    Location:
    B.C., Canada eh!
    Welcome to the club!!!!! No real breaks on insurance for bikes here.

    Call Megson Fitzpatrick in Victoria 250-595-5212 and ask for the Motorcycle Dept. or website www.megsonfitzpatrick.com They are agents for ING and were the best that I found. Helps if you've had the MSF.

    Others may have different opinions. My R12GS for ICBC (Lia. & mandatory) and comp. (private) for 12 mos. is just shy of $1,700.00.

    You just have to decide how bad do you want to ride!

    Have heard there may be an agent in Salmon Arm that may have good deals but can't offer any other info. I know there are Advriders in that area that may be able to offer some info.

    Good Luck!
    #2
  3. tackle_me_2

    tackle_me_2 always hungry

    Joined:
    Aug 26, 2006
    Oddometer:
    28
    Location:
    Vancouver BC
    The optional stuff with ICBC is more pricy. Like Shewbert said, try Magson. Their rates are better, and service is better. I think my comprehensive stuff is $440 for one full year from Magson (on my FZ6).
    #3
  4. canuck

    canuck Been here awhile

    Joined:
    Jun 11, 2002
    Oddometer:
    401
    Location:
    Vancouver B.C. Canada
    Another option instead of Megson is Coast Capital Savings. I have used them for the last 3 years and have no complaints.
    #4
  5. Fred

    Fred Banned

    Joined:
    Feb 12, 2003
    Oddometer:
    1,051
    Location:
    under my fallen bike
    I agree with what's been said about full comp and the value of your bike. I've owned bikes while in BC since 1974 and have never had full comp on any of them. Only 1 has been stolen and that was an old DR350 that didn't run and was in the back of my pick up, which also was stolen. I had theft coverage on the truck but not on the bike. So, for over 30 years of bike ownership, add up the yearly cost of full comp compared to the value of a non-running DR350 and I'm still way ahead financially speaking.

    Of course, I allways park my bike where I can see it and when I have to go somewhere where it will be out of sight I take my 4 wheels. Locked garage etc.
    #5
  6. canadius_maximus

    canadius_maximus Quaere verum

    Joined:
    Nov 8, 2006
    Oddometer:
    2,623
    Location:
    Lower Mainland, BC, Canada
    Wow - that's great help - thanks!

    cm
    #6
  7. dirtydeeds

    dirtydeeds I'm alive.

    Joined:
    Jul 15, 2004
    Oddometer:
    2,827
    Location:
    Calgary, AB, Can
    Go to the first Bracket. Ride a 400 'till you qualify for the 20 year discount. Just a thought. Or move back to Alberta.
    #7
  8. Colpitts

    Colpitts poop

    Joined:
    Apr 6, 2006
    Oddometer:
    119
    Location:
    Sussex NB
    Give TD Primmium a call. They had the best prices I could find anywhere.
    #8
  9. rider-geek

    rider-geek My Bike has Baggage :)

    Joined:
    Jan 30, 2006
    Oddometer:
    43
    Location:
    Vancouver BC
    Check out Beacon insurance, they're based in the Okanagan and specialise in insuring recreational vehicles(bikes, boats, etc).

    Full replacement value coverage on the comp side for my 04 Strom is $325 a year.

    They don't insure sportbikes but will insure pretty much anything else as long as you have a clean record.

    Find them here
    #9