Topic: Insurance cost

[tenpenny]

The most expensive vehicle of ours to insure, and by a significant amount, is the one that's worth the least.  The Forester.  I groused to my insurance company about it, and they told me that it's not claim frequency that kills it, but the average cost per claim.  The repair costs on the Scoob are high.  This year I finally dropped everything but liability on it to minimize costs.

I pay $711/year for the Outback.  I wonder how much I could save by going to a different car?  It's my daily driver, but it's only 11km to work.

$2million liability
$500 deductible on collision, $100 deductible on comprehensive

[random006]

Shouldn't this thread be in the Automotive Insurance Talk area?

[random006]

I too am curious about the relative differences in insurance costs.  I did some digging and found the following Fraser Institute report on the industry as it is practiced in the different provinces:

http://www.fraserinstitute.org/uploadedFiles/fraser-ca/Content/research-news/research/articles/costs-and-affordability-canadian-auto-insurance-2011-ff0312.pdf

In that report, Ontario is singled out as having the highest costs due to two main factors:  over-regulation and a relatively high incidence of fraud (suspected or proven).  The report does not look at individual car classes, though.  For that data, you might have to look at IBC's site.

IBC can be found at:
http://www.ibc.ca/en/index.asp

The IBC also makes a point about fraud in Ontario.

[Frontier1]

My TT-RS is cheaper then the Venza 

You can kill more people at once in the Venza 

Speed=Avoidance?

[johngenx]

The Fraser Institute could explain away my most recent fart as being caused by over-regulation and in no way connected to the burrito I had for lunch.


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[PJ]

The Fraser Institute could explain away my most recent fart as being caused by over-regulation and in no way connected to the burrito I had for lunch.


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I like the Fraser Institute. They make a nice counter point to all the union/ special interest group BS. we get around here.

[johngenx]

Unless you're securely in the 1%, you'd sure hate your life if they could set policy.


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[Triple Bob]

and a relatively high incidence of fraud (suspected or proven). 

I blame the immigrants. 

[PJ]

Unless you're securely in the 1%, you'd sure hate your life if they could set policy.


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I'm not exactly sure the scale of income verse percentages but I'm sure I'm not in the top one percent. Maybe the top 25 % is closer. 

Their comments on public vs private insurance seem well thought out.  Anything the government gets involved with costs more and works worse.  Less government is always better. 

I'll bet the Fraser Institute could set policy better then the NDP. 

[johngenx]

  Less government is always better. 

Somalia, among other nations.  Why aren't you moving?  The free market is truly in play there.

There's a few places with pretty much no government.  If less is better, none is best.  Oddly, the highest standard of living nations have the highest amount of government regulation and intervention.

[Sir Osis of Liver]

Unless you're securely in the 1%, you'd sure hate your life if they could set policy.


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I'm not exactly sure the scale of income verse percentages but I'm sure I'm not in the top one percent. Maybe the top 25 % is closer. 

Their comments on public vs private insurance seem well thought out.  Anything the government gets involved with costs more and works worse.  Less government is always better. 

I'll bet the Fraser Institute could set policy better then the NDP.

I pay about the same for government insurance here as I did for private insurance in NB. Service from SGI is orders of magnitude better and you don't get reamed with jacked up rates or dropped in the event of an accident.

[rrocket]

^^How are the motorcycle rates??   

[johngenx]

Can't speak to government plans, but private companies are on the warpath with respect to motorcycles. 

[Sir Osis of Liver]

^^How are the motorcycle rates??   

Sportbikes are getting creamed, but it's not just liability as you can get in NB. Plus you can get it for 6 months. In NB you have to buy it for a year regardless, so it's harder to compare.

Cruisers, and dual purpose bikes are much cheaper. Small bore stuff, less than 400cc(?) is dirt cheap, $250/year kind of range.

[rrocket]

^^How are the motorcycle rates??   

Sportbikes are getting creamed, but it's not just liability as you can get in NB. Plus you can get it for 6 months. In NB you have to buy it for a year regardless, so it's harder to compare.

Cruisers, and dual purpose bikes are much cheaper. Small bore stuff, less than 400cc(?) is dirt cheap, $250/year kind of range.

I thought you said FZ9 would fall into sportbike category?  Seems like their rating system is jacked up...

[Sir Osis of Liver]

Basic plate from SGI with max discount:

Imprezza $1057
Civic LX $1013
Mazda3 GS $988
Focus S $929

A lot of people would add higher liability and maybe windshield coverage for another $200-300 or so.

It seems that Subaru do run on the high side here too.

[Sir Osis of Liver]

^^How are the motorcycle rates??   

Sportbikes are getting creamed, but it's not just liability as you can get in NB. Plus you can get it for 6 months. In NB you have to buy it for a year regardless, so it's harder to compare.

Cruisers, and dual purpose bikes are much cheaper. Small bore stuff, less than 400cc(?) is dirt cheap, $250/year kind of range.

I thought you said FZ9 would fall into sportbike category?  Seems like their rating system is jacked up...

It would. Pretty hard to argue that it isn't.
My FZ-6 had the R6 engine with a different cam profile, less plastic and cheaper brakes and suspension. It was classified as a sportbike.

[rrocket]

It would. Pretty hard to argue that it isn't.
My FZ-6 had the R6 engine with a different cam profile, less plastic and cheaper brakes and suspension. It was classified as a sportbike.

But an FZ9 shouldn't cost the same as an R1.  Ever price out OEM bodywork?   

[Sir Osis of Liver]

It would. Pretty hard to argue that it isn't.
My FZ-6 had the R6 engine with a different cam profile, less plastic and cheaper brakes and suspension. It was classified as a sportbike.

But an FZ9 shouldn't cost the same as an R1.  Ever price out OEM bodywork?   

Oh I know. I think they're also looking at the type of rider likely to buy one as much as the cost of repair or replacement.

[Bubba]

Can't speak to government plans, but private companies are on the warpath with respect to motorcycles.

You should see motorcycle rates in Manitoba. 

Insurance rate calculator: http://apps.mpi.mb.ca/Irc/intro_2.asp?Lang=0