Quote:
Originally Posted by burn_this_city
$3660 is only $2k less than the bike is worth.. I pay $1,500 full coverage on a 09 R6.
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Not quite. I bought it from salvage last year for 2200, and have only repaired what needed to be done to ride it. Shift lever and clutch cable. My 2400 bike will cost 1660 more than it's value to insure.
They say they are 9M short on the claims side of motorcycle insurance, and that only accounts for motorcycle at fault claims. The shortfall is attributed mainly to injury claims.
They aren't providing much data to the consumer, but there are ~11000 bikes on the road in SK, and there are about 300 accident/claims a year.
Dividing a 9M shortfall into 11000 bikes is ~800 per, so the rates just seem scandalous. They are hitting sportbikes hard, but they lump a lot of bikes into that class. A CBR125 is going to cost 1500+ a year! Just cause it has fairings I'd hardly call it a sport bikje. Maybe they meed a supersport class, even though my GSXR would still get hit.
(it's for sale btw!)