Insurance Scam

Wednesday, January 10th, 2007 at 10:57 pm by JJ Rider

The mention of mandnitory insurance has remined me how pissed off I get every spring.  Why is it that I pay double to insure my 1000cc over what I could insure a 500cc?  They don’t care what year it is (except for collision insurance) if it’s a 1000cc its double.  Its about three quarters to insure a 600cc.  I have being riding bikes for 24 years and some newbie can walk off the street and get cheaper insurance because he rides an R6.  What the hell?

If a bug hits your windshield at 60mph does it really matter how many cc’s that bug was?  No it’s still the same size splat.  I think they use this as a cash cow.  I have not being able to track down any evidence that says 1000cc bikes are in more accidents or get jacked more often.  Mabey someone can give me a good reason.  Till then in the words of the great Stan Marsh “shenanigans”.

5 Comments

I feel ya.

Manditory insurance in Japan bites too, but it doesn’t sting as much as yours, money wise.

Cars, on the other hand…

I’m going to grab a used 600cc 4WD van this week, even though I have a nice Odyssey freely available for our family including newborn. The catch is the yearly taxes and roadworthy fees. I can escape about $1,000 initially and $800 a year by going for the 600cc “K-class” car, and save a bunch in gas too!

Cheers,

Leon

250xc@werideonsundays.com

Comment by 250xc | January 11th, 2007 8:22 am | Permalink

Not sure about _accidents_ per se, but fatality data indicates that motorcycles 1000 cc and above are involved in almost the same number of fatality accidents as those in the 500-1000 cc range and increasing rapidly. This is a big change since say 1994 when smaller bikes were involved in almost twice as many fatalities. Obviously this a function of the number of large-displacement bikes on the road.

I agree that rider experience and training should be a part of the equation; not just age and engine size.

Comment by retrorider | January 11th, 2007 1:14 pm | Permalink

While most insurance company motorcycle rates are based on displacement (because it’s easy and profitable for them) Only a select few charge double the premium for double the displacement. Maybe you should shop around a little. Some even offer discounts for rider training (you’ve taken rider training … right?). And I don’t agree that a “newbie” on an R6 is going to get a better rate than an experienced rider (ie … older) on a thou. Check the rates for a 21 year old on an R6 sometime, they are likely to be at least 2x what you’re paying.

Rhino

Comment by Anonymous | January 11th, 2007 7:14 pm | Permalink

I understand what you are saying but there is only one insurance company in British Columbia. It’s goverment ran and if you don’t like it move to a diffrent province. Nice eh?

Comment by JJ Rider | January 11th, 2007 9:27 pm | Permalink

JJ,

Sorry to hear you don’t have a choice in your neck of the woods. Maybe you should move a little further south ;-)

Rhino

Comment by Anonymous | January 11th, 2007 10:20 pm | Permalink

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