'old chestnut' bike insurance - BMW Luxury Touring Community
 
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post #1 of 12 Old Jan 8th, 2010, 8:51 pm Thread Starter
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Unhappy 'old chestnut' bike insurance

Greetings in the new year have brought forward the insurance bill for 2010. Currently riding
an '02 LT with 23000 km, so not many per year. I have 500 deductible on comprehensive and collision and this year my insurer, Primmum, wants the best part of 1000 big ones.
This looks heavy compared to some of the info in other insurance type threads, although,
they are dated. I drive mainly in the Lindsay,Peterborough and Oshawa areas. Can any fellow Harper subjects shed some light as to the competitiveness of my quote. Sure would appreciate any insight. Thanks.
Larry
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post #2 of 12 Old Jan 8th, 2010, 10:21 pm
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Re: 'old chestnut' bike insurance

I am paying a little over $800 for my 1999 LT from Dalton Timms

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post #3 of 12 Old Jan 8th, 2010, 11:06 pm
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Re: 'old chestnut' bike insurance

Move West ... I only pay $602 this past year iin Alberta/

BIGHOPPER (Phil)
BGB 602
2016 R1200RT LC Purchase March
2003 R1150GSA Black Beast (purchased Nov 2011- 32,372klms)
2006 K1200LT Grey
(Purchased 2008, 7,350 mls) Trade in on 2016 RT at 80,600miles
1975 Norton John Player Replica (Sold When I got Married)
1973 Norton Interstate
1965 Atlas 750
1971 Triumph Trail Blazer(Rode from London to Sydney Aust, no maps for that)


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post #4 of 12 Old Jan 9th, 2010, 7:04 am
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Re: 'old chestnut' bike insurance

Thou shan't do much better than that in Ontario... The province prodly owned by the insurance industry.
Just went through a saga myself.
Sold my 03 LT. It was insured by my regular company along with house, (too many) cars, etc. Economical Group, but I won't mention their name...
Bought an 08 Venture, and the fun began. They wouldn't insure it! Whatever yardstick they use (brand new value?) exceeded their limit. Finally, because of our long relationship, they 'conceded'. Wanted 1200 without comprehensive; just basic collision.
So, I went surfing. Stumbled across TD-Canada Trust insurance, who, it turns out, use Primmum. What a great experience! Wow!
850 - all inclusive! All perils, comp, whatever, with a 1000 deductible.
When I called in November, they insured the bike - for 50 bucks till end of February, because renewals happen then. *Emailed* me the certificate on the spot.
It was quick, smooth, and comparatively reasonable.

2003 R1200CL Silver
1999 Honda Valkyrie Interstate poor man's six-banger
2008 Yamaha Venture - Sold after 6 months; I already miss the casette deck
2003 LT - Gone to be mated with a sidecar
1999 LT - Gone but not forgotten; my first Beemer
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post #5 of 12 Old Jan 9th, 2010, 8:27 am
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Re: 'old chestnut' bike insurance

Quote:
Originally Posted by DarkMeister
Sold my 03 LT. It was insured by my regular company along with house, (too many) cars, etc. Economical Group, but I won't mention their name...
Bought an 08 Venture, and the fun began. They wouldn't insure it! Whatever yardstick they use (brand new value?) exceeded their limit.
Found this in the archives of the fine print:
"Anybody leaving an LT to Venture is thought to be without scruples and therefore considered to be of higher risk. Multiply whatever they were paying by a sufficiently high enough factor to dissuade!"

Economical wishes you a pleasent and enjoyable ride...

Mugz

"If at first you don't succeed... well, so much for skydiving."

BMWMOA - #45711

2006 K1200LT - Blue Baby
2003 R1150GS - Yellowbird
1981 R100CS - Sadly gone
1991 K1100RS - Sold and burned
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post #6 of 12 Old Jan 11th, 2010, 7:38 pm
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Re: 'old chestnut' bike insurance

Quote:
Originally Posted by Bighopper
Move West ... I only pay $602 this past year iin Alberta/
Ditto!!!
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post #7 of 12 Old Jan 12th, 2010, 12:23 pm
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Re: 'old chestnut' bike insurance

Quote:
Originally Posted by DarkMeister
Thou shan't do much better than that in Ontario... The province prodly owned by the insurance industry.
Just went through a saga myself.
Sold my 03 LT. It was insured by my regular company along with house, (too many) cars, etc. Economical Group, but I won't mention their name...
Bought an 08 Venture, and the fun began. They wouldn't insure it! Whatever yardstick they use (brand new value?) exceeded their limit. Finally, because of our long relationship, they 'conceded'. Wanted 1200 without comprehensive; just basic collision.
So, I went surfing. Stumbled across TD-Canada Trust insurance, who, it turns out, use Primmum. What a great experience! Wow!
850 - all inclusive! All perils, comp, whatever, with a 1000 deductible.
When I called in November, they insured the bike - for 50 bucks till end of February, because renewals happen then. *Emailed* me the certificate on the spot.
It was quick, smooth, and comparatively reasonable.
Hey Darko

You didn't delete your 03 LT from your tag line and add the Suzuky.....

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post #8 of 12 Old Jan 12th, 2010, 6:58 pm
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Re: 'old chestnut' bike insurance

Done...

2003 R1200CL Silver
1999 Honda Valkyrie Interstate poor man's six-banger
2008 Yamaha Venture - Sold after 6 months; I already miss the casette deck
2003 LT - Gone to be mated with a sidecar
1999 LT - Gone but not forgotten; my first Beemer
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post #9 of 12 Old Jan 21st, 2010, 7:51 pm Thread Starter
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Smile Re: 'old chestnut' bike insurance

Thanks for the input. By finding some eager competitors and negotiating with the existing
insurer we have saved the best part of $200. That's a bit of gas and a few miles.
Thanks again.
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post #10 of 12 Old Feb 3rd, 2010, 4:36 pm
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Re: 'old chestnut' bike insurance

I spoke with my agent, at Dalton Timmis, just yesterday, having received my renewal. I asked about the increase from last year ($873 vs $939 for 2010) I do equal billing, and the increase was about $7/month. 1999 BMWK1200LT. Full coverage, $1000 deductible.
"Road Wings" coverage, Elite Insurance, part of Aviva.

I was told the following:
•Overall rates for motorcycle insurance have risen over the last year, across the industry
•Most of the claims are for Harleys
•Contrary to what I had been told when I signed up last March, there will be NO discount after 3 years of claim-free insurance. (I was getting back into riding after 30+ years, and had had no bike insurance since the 70's)
•my policy shows two discounts:
-30% as an 'expert rider' (M licensed since 1962)
-10% 'Manufacturer Discount' (my BMW is NOT a Harley!)
•when I pointed out that my three vehicles were also insured (through another broker) with Aviva, she applied a further 5% group-vehicle discount, applicable at the March renewal date, that will reduce my 2010 increase to about $40 over last year.
•no discount offered for having an alarm system on the bike

Scanning the policy, I also see coverage, to a $2500 max per occurrence, with no deductible, for damage to gear, accessories, or clothing. This might be new- she didn't know.
Also a $2000 'vacation expense' for food, accommodation and transportation if the bike is deemed unfit for operation while I'm over 100 km from home.

I asked if there was any provision for specialized tow service, since the typical tow truck could not pick up my LT with its dolly rig. She said she'd never been asked that and didn't know.

Lastly, while confirming that PLPD/fire theft are on an annual basis (full year policy) she said that I could request to delete the collision coverage for the winter/stored months, as a saving, and add it back on in spring when I began to ride again. I haven't done anything about that, since last year I started riding in early March, ..... and Spring is so close....lol....no matter what the Wiarton Rodent said on Tuesday.

How does that compare with others in Ontario?
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post #11 of 12 Old Feb 21st, 2010, 8:55 am
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Re: 'old chestnut' bike insurance

Primmum through TD, $740 for the 2002 LT, comprehensive

Ron

2008 RT
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2003 Shadow
1986 Yamaha 500
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post #12 of 12 Old Apr 23rd, 2012, 11:23 pm
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Re: 'old chestnut' bike insurance

820.00 through JEVCO for 99LT with comprehensive , PL/PD

approx 200 less without comp.

1999 K1200LT 33K miles
1999 Concours 107K Km

Doesn't matter what you ride, but ride it, don't spend all your time polishing!
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