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Author Topic: Lic and Ins costs  (Read 1668 times)

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Offline 4 BANGER

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Lic and Ins costs
« on: May 12, 2009, 07:33:44 PM »
I now live in Manitoba, Canada. I ride an old CB 650 custom, 1980. For me to lic and Ins it is 931.00. My car is an 05 Impala and that is 981.00. Im wondering two things .
1) What are others paying? my son has a CB750,1974 and is over a grand I think he said.
2) If any one else from Manitoba has found a more cost friendly solution I would love to hear about it. Hate picking up the soap.
( The restoration on my 71 CB750 is coming along nice.)
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Offline DammitDan

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Re: Lic and Ins costs
« Reply #1 on: May 12, 2009, 11:42:38 PM »
You're probably gonna hate me, but here in the States I pay a whopping $120/yr for lic and ins  :(

On the other hand, I pay over $1000/year for high deductible major medical, so it all evens out I guess
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Offline demon78

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Re: Lic and Ins costs
« Reply #2 on: May 13, 2009, 03:17:00 AM »
4 Banger doesn't Manitoba offer the same insurance that Ontario does, if it's a certain age it's considered a vintage bike and if you don't drive it more than so many miles a year you get a reduced rate.
Bill the demon.
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Offline azuredesign

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Re: Lic and Ins costs
« Reply #3 on: May 13, 2009, 04:02:48 AM »
That seems very high, but perhaps you have comprehensive liability and collision damage coverage with a small deductible.
I keep minimal damage coverage on mine cb with no theft coverage, but 300k liability and pay $140./yr
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Offline Tim.

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Re: Lic and Ins costs
« Reply #4 on: May 13, 2009, 05:49:51 AM »
Bill - where are you getting vintage insurance in Ontario from?  I've looked at the one program available that I found (out of Hamilton I think - can't recall the broker) and they required the bike to be a certain age, stock condition, only ridden to club meetings etc. etc. etc.

Cheapest insurance I've found in Ontario is with Jevco.  I'm paying about $600 for a BMW 750 - liability only.  Then of course I have to buy my sticker each year for the plate which is another $40 or so.

Manitoba has public insurance - no competition.
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Offline clarkjh

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Re: Lic and Ins costs
« Reply #5 on: May 13, 2009, 06:34:37 AM »
I'm paying $180 and $220 for PL/PD on the CB550 and GL1100 Interstate.  Full coverage for the Wing would have been about $440 per year.  If my insurance card is right that is with Wawanesa, but I also have my house, car, truck and the two bikes with the same broker so I get a discount.

James
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Offline Soos

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Re: Lic and Ins costs
« Reply #6 on: May 13, 2009, 06:38:20 AM »
HOLY FREIKING JEBUS!!


I pay like $40 a year for plates, and $80 a year for insurance.
Wow... you Canadians pay a lot!!



But to ride a bike... nearly anything is worth it!

l8r

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Offline demon78

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Re: Lic and Ins costs
« Reply #7 on: May 13, 2009, 07:03:57 AM »
Tintin I'm getting it through RBC can't think of brokers name but he rides and understands about old bikes and did ask if it was modified which it wasn't.
Bill the demon.
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Offline 4 BANGER

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Re: Lic and Ins costs
« Reply #8 on: May 13, 2009, 06:03:40 PM »
Wow we are over paying in manitoba. But like Tintin said there is no compitition out here. To bad they take advantage of a guy. Sucks we can only ride for 6 months or less.
But like Soos said we will pay almost any thing to ride and they know it.
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fuzzybutt

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Re: Lic and Ins costs
« Reply #9 on: May 13, 2009, 06:09:44 PM »
65 dollars a year for property tax and roas usage fees and a whopping 214 dollars a year for insurance with 10k injury on myself and 250k/500k on injuring others, 20k uninsured/underinsured motorist coverage and 5k real replacement value insurance, being 40, married with a totally clean driving record helps a bunch.
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