Costs of owning a motorbike in Sask!

Riley P

Riley P

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Heard on the news this morning that insurance on motorcycles is going up an average of 73%!:eek:

I have a couple thoughts as to why and I would like to punch those people in the face but seriously, a 73% increase in one shot? I expect a lot of bikes to be on sale next Fall and Spring as the hike doesn't take effect until the end of August.
 
Is that just Sask. or is it a general increase?

EDIT: just saw it online....."Saskatchewan Government Insurance" ... That's quite the increase.....Some may be going up much more .

I'd be pissed.

C.
 
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It better not :swear: go up
Last year I only put 7000km on my bike :eek: at $800.00 for the year
 
We have highway 507 north of Peterborough. Doug (Buckhorn76) knows it. It is a pretty decent road with lots of twists and turns. In the crotch rocket world of Ontario, it is a must do. The guys see how fast they can go from Flynn's Corners to Gooderham. We go about half way up this road to get to our cottage. In the little time that we have actually been on that road, we have seen a guy laying in agony on the road with his bike on up the road next the guardrails in a twisted lump. Must have done some real dandy cartwheels. Another time, we were on a leaf run with a group and another crotch rocket pulled out and passed a row of cars on a blind bend in the road. It's idiots like this that cause sky high rates. We had a couple of Hondas for 2-3 years. We almost got run off the road twice by people coming the other direction and passing. When a deal came along to trade them off on a mint original '67 Chevelle, the trade was a no brainer. There are idiots on bikes and people just plain don't see you. The guys in the motorcycle training courses will tell you this based on police reports.
 
Well, for an extreme case to quote the article "a look at an extreme case, someone with an old sport bike (1982 and older) with a 1200-cc engine who used to pay $1,001 a year might have to pay $4,309 in future — a 331 per cent increase."

I don't want to know what my '82 GPZ500 would increase to. I've had the bike for 16 years and have seen the rates go up every year. The main reason stated by SGI is that the personal claims for motorbike accidents is WAY higher than car on car accidents as the people aren't protected by the body of a car. It's not that replacing bikes cost more.

I love my bike and I find it funny that there are all these comments from people about how they've had no claims for x amount of years so they don't know why the insurance is going up or they say that it's always the cars fault so bike insurance should not go up. The people that have had multiple claims don't seem to be making comments so it sounds like no one crashes a motorbike and they don't realize it's the cost of the claims that are driving up the prices.

It's actually people like my friends, brother's friend who's original bike was in an accident where it was totaled off so he got a new one (this is fine). Then he tipped the new one while parking so the fairings were all scratched up with a couple other broken components. He was embarrassed by this and rather than getting it fixed, he put it in the back of his buddy's truck. They drove it down the highway and he pushed it out the back and destroyed it. He told SGI that he swerved to avoid a rabbit so he could get another new bike. That is the reason why my insurance is going up. Morons like that. Plus the kids that buy a liter bike as their first bike. I've heard more than one story where the bike didn't make it a month.

I'm all for graduated licenses on bikes and driver training for new bikers and new drivers in cars being instructed on watching for bikes.

In conclusion to my rant, I don't think SGI should be allowed to make such an increase. That is ridiculous but bikes and claims cost a lot of money. I just don't think bikers should use the "I've never made a claim" excuse as that is all I've read. They should lobby for progressive licenses and increased driver training to keep the rates low.
 
Well, for an extreme case to quote the article "a look at an extreme case, someone with an old sport bike (1982 and older) with a 1200-cc engine who used to pay $1,001 a year might have to pay $4,309 in future — a 331 per cent increase."

I don't want to know what my '82 GPZ500 would increase to. I've had the bike for 16 years and have seen the rates go up every year. The main reason stated by SGI is that the personal claims for motorbike accidents is WAY higher than car on car accidents as the people aren't protected by the body of a car. It's not that replacing bikes cost a lot more than cars.

I love my bike and I find it funny that there are all these comments from people about how they've had no claims for x amount of years so they don't know why the insurance is going up or they say that it's always the cars fault so bike insurance should not go up. The people that have had multiple claims don't seem to be making comments so it sounds like no one crashes a motorbike and they don't realize it's the cost of the claims that are driving up the prices.

It's actually people like my friends, brother's friend who's original bike was in an accident where it was totaled off so he got a new one (this is fine). Then he tipped the new one while parking so the fairings were all scratched up with a couple other broken components. He was embarrassed by this and rather than getting it fixed, he put it in the back of his buddy's truck. They drove it down the highway and he pushed it out the back and destroyed it. He told SGI that he swerved to avoid a rabbit so he could get another new bike. That is the reason why my insurance is going up. Morons like that. Plus the kids that buy a liter bike as their first bike. I've heard more than one story where the bike didn't make it a month.

I'm all for graduated licenses on bikes and driver training for new bikers and new drivers in cars being instructed on watching for bikes.

In conclusion to my rant, I don't think SGI should be allowed to make such an increase. That is ridiculous but bikes and claims cost a lot of money. I just don't think bikers should use the "I've never made a claim" excuse as that is all I've read. They should lobby for progressive licenses and increased driver training to keep the rates low.
 
We were up 507 ONCE before it was fixed up. It was a paved snake path with a lot of parts missing. There were sharp knolls that you couldn't see over and corners that where you could almost see your own tail lights. At least the bikes stayed away in those days. When we started going up to Catchacoma in 1982, the bottom half had already been done and the Beaver Lake road had the second bridge. It was a place for the rough and tumble before that.
 
Here in Alberta, the last time I bought bike insurance, my R1 cost me $425 for the year. Any more than that is insane for a bike only worth maybe $10grand at the MOST.
 
I have to agree with you HLN. Every year insurance cost me more than my bike was worth. But as they say, it's the cost of the claims that are killing them. I think there should be a happy medium. An increase of 73% is outrageous.
 
I pay $1155 per year for my Ducati.....never a claim, 47 years old and clean license. Whenever my wife shops for insurance, they can not even come close to that rate. Have had some as high as $4500.
I will not get into the rider debate as I occassionally like to have a spirited ride. As for the cars, I am usually patient, but don't speed up.....trust me, you can not keep up.....just let us by at first available option......leave a gap. It the testosterone groups that are an issue IMO.
FYI, I am also an instructor, and a Ministry signing authority......if anyone is interested in taking up the sport/hobby.
 
sgi says part of the reason the rate for bikes is going up is because of the large payouts for wages, as well as injuries. i rode for only 4 years, sold my bike when i got my vette. a year ago, too bad, i was looking to get a bike again, but not at these rates. don't forget guys that we pay based on vehicles that we drive. for example- i drive an 05 corvette ragtop, so i pay $1300/yr for my insurance and paltes. i'm a 50 yr old male. anyone else who owns the same vehicle would pay the same amount regardless of age or sex. the only discount is a reduction for a safe driving record. so technically a 22yr old male or even a 16 new driver would pays the same rate as me.
 

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