Join Date: Mar 2011
Location: Thunder Bay, ON, Canada
What Is Your Insurance Cost? Td Meloche Raised Mine 53% In 4 Years
I went to purchase a good motorcycle for touring and also wanted reasonable insurance. The representative for TD MM gave me a quote of $585. I was impressed and asked why so reasonable. He stated it is a touring bike and BMW drivers are good drivers, this coupled with no claims or tickets and you are in a low risk area ( Thunder Bay - maybe because we only have 115 frost free days). Now the cost per year is $894 which is a 53% increase with a 26% increase this year alone) When I phone to ask why the increase I am told there are a number of variables. They cannot be specific and I cannot ask someone that came up with the calculation ( an actuary) as they do not talk directly with customers- maybe they are part of CISIS. IF YOU OWN A TOURING TYPE BIKE EG. GS GT RT WHAT DO YOU PAY PER YEAR for your bike with basic insurance 1 million PLPD, collision, and comprehensive?