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Cost of Insurance

10779 Views 24 Replies 17 Participants Last post by  RickT
Just curious what my fellow Triumph riders pay for insurance. I'm originally from Nova Scotia and last time I had insurance there it was very cheap. Now that I live in Ottawa I still think it's not bad but hear a lot of my buddies complaining.

So, just wondering what you pay for insurance.

I'm insured with TD Meloche Monnex (qualified for their affinity program)
$662/yr for $1Mill Liability and Collision/Comp with $1,000 deductible
52 yrs of age, riding since forever, no accidents/tickets in the past 5 yrs.

I also have my home and car insured with them which is supposed to worth a 10% discount.
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Just curious what my fellow Triumph riders pay for insurance. I'm originally from Nova Scotia and last time I had insurance there it was very cheap. Now that I live in Ottawa I still think it's not bad but hear a lot of my buddies complaining.

So, just wondering what you pay for insurance.

I'm insured with TD Meloche Monnex (qualified for their affinity program)
$662/yr for $1Mill Liability and Collision/Comp with $1,000 deductible
52 yrs of age, riding since forever, no accidents/tickets in the past 5 yrs.

I also have my home and car insured with them which is supposed to worth a 10% discount.
I live down the road from you in Kingston, am 23 with a no-fault accident which was determined my fault by the insurance board, and now pay nearly 5 times what you pay for $2 million liability, and a $1000 deductible... I'm an idiot for paying it, but unfortunately can't find anything better
I live in peel region and pay $2200/year full coverage. I'm 40+ and have one speeding ticket. I'm currently insured with TD. I also have 3 vehicles and my home insured with TD. They tell me that I'm receiving a discounted premium for insuring multiple vehicles. Could have fooled me!! State Farm quoted me full coverage for $1200/year but wouldn't insure me due to my speeding ticket.

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You're 40 and paying that much?? Why would State Farm not insure you for having a ticket..? They insured me when I had a ticket, and even now when I have an accident. I would try calling other SF brokers in the area
Im not sure why they wouldn't insure me. This is what I was told. A year ago, I was riding a ninja 300 and was only paying $900/yr. Something about bikes greater than 500cc I guess. I also started riding the last few years and only possess an M2.

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I don't get it... I just called TD yesterday about insuring my Daytona, and they said they don't insure that model... I have car and home insurance with them already too. And yet State Farm insures me with an accident on my record. It seems like the standards for each insurance company are all over the place
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