how much do u pay for insurance? - Ex-500.com - The home of the Kawasaki EX500 / Ninja 500R
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post #1 of 157 (permalink) Old 2-22-2011, 7:19 PM Thread Starter
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how much do u pay for insurance?

just did an online quote- it was like $900 annually for a 99 ex500 and clean driving record garaged home (quote from Open Road and Rider Plus and 1400 through kanetix.ca. I'me in new york city which has some of the highest insurance premiums in the US and I pay about $350for the yr. ..i used to pay like $100 for the yr when I was in college in MA. Can you find insurance under $500 in ontario?
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post #2 of 157 (permalink) Old 2-22-2011, 9:01 PM
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Re: how much do u pay for insurance?

I've got mine through Progressive and pay $275/yr complete coverage. Multi-vehicle, licensed rider, MSF, and homeowner discounts. That plus no claims when I switched = cheap insurance! They're definitely worth checking out. Granted this is in the US, but I'm under the impression they're up there too?

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post #3 of 157 (permalink) Old 2-22-2011, 10:21 PM
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Re: how much do u pay for insurance?

I pay $320 a month

















But that's for my truck, I pay $20 a month for the ex500
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post #4 of 157 (permalink) Old 2-22-2011, 11:44 PM
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Re: how much do u pay for insurance?

Quote:
Originally Posted by kawigrl
Can you find insurance under $500 in ontario?
Shop around. I don't know what the EX500 is classified as here, and that makes a huge world of difference. Under $500 though? Extremely unlikely. I think you're going to find that so long as that bike has an "R" at the end of its name you're also very limited in the number of insurers willing to provide coverage for it. Ontario motorcycle insurance sucks ass.
post #5 of 157 (permalink) Old 2-23-2011, 1:33 AM Thread Starter
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Re: how much do u pay for insurance?

I honestly didn't think it would be possible for minimum insurance in Canada to be so high since they own a house w/ a garage in the suburbs and w/ my current insurance I just park outside in the "mean streets of new york city" quotes from Canadian companies are like 2-3x my current policy. New York City pays the highest motorcycle insurance of any major city in the US so I was shocked to see such high quotes in canada for basic insurance on a 10yr old 500cc ninja. Out of curiosity I checked 2012 honda and kawi supersports both would be $740 for the yr here in ny still cheaper than my little ninja in canada. Progressive has the option of adding vehicles and additional riders to my current plan so it looks like I'll be insuring 2 bikes so I'm trying to find a cheaper insurance carrier. I guess the 2nd bike is legally going to be bought, owned and insured in the US and driven up to canada and occasionally back to the US- I could buy a brand new 15k bike and pay less insurance here in ny even though in canada the bike would be in a significantly nicer and safer location less theft traffic accidents etc... at these prices I could never have afforded to start riding in canada i wonder if sales are much lower even when compensating for population size- it seems like just to start you need like 4-6k, which is what you upgrade with here in the US 4-6k you can get a used but solid 600cc+ bike. there's a dealer that has new overstock sv650s for about 5k I don't really have 5k but 0 miles and a few yrs off the insurance is tempting
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post #6 of 157 (permalink) Old 2-23-2011, 9:48 AM
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Re: how much do u pay for insurance?

Quote:
Originally Posted by kawigrl
I honestly didn't think it would be possible for minimum insurance in Canada to be so high since they own a house w/ a garage in the suburbs and w/ my current insurance I just park outside in the "mean streets of new york city" quotes from Canadian companies are like 2-3x my current policy. [...]
Yup. Sad but true. Doesn't matter that I would have an '03 Escape and homeowner's bundled into the insurance package. There are just no deals on sportbike insurance to be had in Ontario. It's Ontario specifically, by the way. I paid $110/month for the Escape and CBR combined in Newfoundland. I pay more than that just for the Escape here. I haven't insured the CBR yet.

Insurance agents are making a killing in the most highly populated province in Canada.
post #7 of 157 (permalink) Old 2-24-2011, 5:15 PM Thread Starter
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Re: how much do u pay for insurance?

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post #8 of 157 (permalink) Old 2-24-2011, 7:09 PM
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Re: how much do u pay for insurance?

Full coverage, 2005 EX-500 that I paid $4000 for two years ago, through Unifund Assurance co (through my broker Fraser & Hoyt)... I took the Canadian version of MSF. New rider when I bought the bike just about 2 years ago.

~$600/year in Nova Scotia. (~50/month)

my (sold) ninja 500r page<br />http://rhoderage.blogspot.com/
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post #9 of 157 (permalink) Old 2-24-2011, 10:37 PM
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Re: how much do u pay for insurance?

For me - $160 per year full comprehensive cover (my bike + property damage to other dirver)

But - it's an '87 with +62,000miles on it and I'm an old fart with a good history.


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post #10 of 157 (permalink) Old 2-24-2011, 10:47 PM
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Re: how much do u pay for insurance?

$265 per year for comprehensive on 3 bikes, a 1000, a 636, and a 500. Another old guy with a clean claim record since forever.
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post #11 of 157 (permalink) Old 2-25-2011, 9:15 AM
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Re: how much do u pay for insurance?

I'm at $350 a year in Ontario. 23 years licensed with no tickets or accidents. Riders Plus is the best place to go with a non SS bike if you're over 25.

Now, my Ducati is another matter; I just bend over every November when the policy is up and take it "balls deep".


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post #12 of 157 (permalink) Old 2-25-2011, 9:46 AM
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Re: how much do u pay for insurance?

I've got Markel insurance. I pay 20.22 a month. It's cheaper than I pay for water, so it doesn't even bother me.
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post #13 of 157 (permalink) Old 2-25-2011, 2:55 PM
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Re: how much do u pay for insurance?

Quote:
Originally Posted by homme_de_fer
I'm at $350 a year in Ontario. 23 years licensed with no tickets or accidents. Riders Plus is the best place to go with a non SS bike if you're over 25.

Now, my Ducati is another matter; I just bend over every November when the policy is up and take it "balls deep".
/\

$675.00/year with the Personal with no tickets or accidents and an M2 license since late 2009.

**EDIT**
For fire, theft and PLPD.

Current: 2015 Ducati Scrambler Full Throttle ("Scrambled Eggs")
Previous: 2000 Ebony Ninja 500R ("Nina")(2009-2016)
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post #14 of 157 (permalink) Old 2-27-2011, 12:03 AM
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Re: how much do u pay for insurance?

$1500 for the year; Liability and public damage. I've now officially paid more in insurance then I paid for the bike. I'm in the wrong business...[/color]
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post #15 of 157 (permalink) Old 2-27-2011, 5:48 PM
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Re: how much do u pay for insurance?

1611 for the year. I only started riding last summer though.
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post #16 of 157 (permalink) Old 2-27-2011, 6:58 PM
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Re: how much do u pay for insurance?

newly motorcycled licensed last year, clean driving record other wise ... $395 PL/PD per year

"You see Elvis in every corner. or your not going fast enough. - FOG"<br />"Scooters get the wave...after all...they are kinda like fat chicks...fun to ride...you just wouldnt want your friends to see you on one
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post #17 of 157 (permalink) Old 2-28-2011, 6:24 AM
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Re: how much do u pay for insurance?

$300 PLPD.

Then again, I don't live in Ontario.
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post #18 of 157 (permalink) Old 3-1-2011, 2:06 PM
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Re: how much do u pay for insurance?

Quote:
Originally Posted by 00ninja
Quote:
Originally Posted by homme_de_fer
I'm at $350 a year in Ontario. 23 years licensed with no tickets or accidents. Riders Plus is the best place to go with a non SS bike if you're over 25.

Now, my Ducati is another matter; I just bend over every November when the policy is up and take it "balls deep".
/\

$675.00/year with the Personal with no tickets or accidents and an M2 license since late 2009.

**EDIT**
For fire, theft and PLPD.
The Personal you say? They wouldn't insure me because it's a Ninja. They must have changed their policy. I might have to call them.


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post #19 of 157 (permalink) Old 3-1-2011, 2:21 PM
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Re: how much do u pay for insurance?

Quote:
Originally Posted by homme_de_fer
Quote:
Originally Posted by 00ninja
Quote:
Originally Posted by homme_de_fer
I'm at $350 a year in Ontario. 23 years licensed with no tickets or accidents. Riders Plus is the best place to go with a non SS bike if you're over 25.

Now, my Ducati is another matter; I just bend over every November when the policy is up and take it "balls deep".
/\

$675.00/year with the Personal with no tickets or accidents and an M2 license since late 2009.

**EDIT**
For fire, theft and PLPD.
The Personal you say? They wouldn't insure me because it's a Ninja. They must have changed their policy. I might have to call them.
I had both cars and house with them when I added the bike so maybe that made a difference. It's still strange since when I added the bike the couldn't find it in their system as the "Ninja 500r" but found it under "EX 500". I'd try calling them again.

Current: 2015 Ducati Scrambler Full Throttle ("Scrambled Eggs")
Previous: 2000 Ebony Ninja 500R ("Nina")(2009-2016)
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post #20 of 157 (permalink) Old 3-2-2011, 9:48 AM
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Re: how much do u pay for insurance?

Quote:
Originally Posted by 00ninja
Quote:
Originally Posted by homme_de_fer
Quote:
Originally Posted by 00ninja
Quote:
Originally Posted by homme_de_fer
I'm at $350 a year in Ontario. 23 years licensed with no tickets or accidents. Riders Plus is the best place to go with a non SS bike if you're over 25.

Now, my Ducati is another matter; I just bend over every November when the policy is up and take it "balls deep".
/\

$675.00/year with the Personal with no tickets or accidents and an M2 license since late 2009.

**EDIT**
For fire, theft and PLPD.
The Personal you say? They wouldn't insure me because it's a Ninja. They must have changed their policy. I might have to call them.
I had both cars and house with them when I added the bike so maybe that made a difference. It's still strange since when I added the bike the couldn't find it in their system as the "Ninja 500r" but found it under "EX 500". I'd try calling them again.
I've had two cars and house insurance with them for over 10 years. Still, they wouldn't take the bike on. I'll have to call for sure.


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post #21 of 157 (permalink) Old 3-2-2011, 10:12 AM
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Re: how much do u pay for insurance?

I attempted that whole "list it under EX500 instead of Ninja500R" thing with both Co-Operators and Johnson Inc. Neither company would go for it.
post #22 of 157 (permalink) Old 3-2-2011, 10:17 AM
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Re: how much do u pay for insurance?

Quote:
Originally Posted by stormcat
I attempted that whole "list it under EX500 instead of Ninja500R" thing with both Co-Operators and Johnson Inc. Neither company would go for it.
I'm with the Co-operators now (group plan from work) for the house and cars but they won't take the bike. I guess they don't want my money!

Current: 2015 Ducati Scrambler Full Throttle ("Scrambled Eggs")
Previous: 2000 Ebony Ninja 500R ("Nina")(2009-2016)
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post #23 of 157 (permalink) Old 3-2-2011, 10:22 AM
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Re: how much do u pay for insurance?

Quote:
Originally Posted by 00ninja
Quote:
Originally Posted by stormcat
I attempted that whole "list it under EX500 instead of Ninja500R" thing with both Co-Operators and Johnson Inc. Neither company would go for it.
I'm with the Co-operators now (group plan from work) for the house and cars but they won't take the bike. I guess they don't want my money!
They do in NL. But they nailed me $1170/year for PLPD and Fire/theft. I left them after the first summer and went with Johnson Inc. Johnson Inc. does take bikes in ON, but not SS bikes. They might take the EX500, but IIRC they had the EX500 in the same class as the ZX-6.
post #24 of 157 (permalink) Old 3-2-2011, 10:38 AM
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Re: how much do u pay for insurance?

Quote:
Originally Posted by stormcat
Quote:
Originally Posted by 00ninja
Quote:
Originally Posted by stormcat
I attempted that whole "list it under EX500 instead of Ninja500R" thing with both Co-Operators and Johnson Inc. Neither company would go for it.
I'm with the Co-operators now (group plan from work) for the house and cars but they won't take the bike. I guess they don't want my money!
They do in NL. But they nailed me $1170/year for PLPD and Fire/theft. I left them after the first summer and went with Johnson Inc. Johnson Inc. does take bikes in ON, but not SS bikes. They might take the EX500, but IIRC they had the EX500 in the same class as the ZX-6.
EX500 = ZX-6 Only to an Insurance Co.

My policy is up in June so I was planning on giving Mantha Ins. a call anyway. I'll add Johnson to the call list. We'll see what happens!

Current: 2015 Ducati Scrambler Full Throttle ("Scrambled Eggs")
Previous: 2000 Ebony Ninja 500R ("Nina")(2009-2016)
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post #25 of 157 (permalink) Old 3-2-2011, 11:43 AM
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Re: how much do u pay for insurance?

I am a 64 year old male that has a clean driving record and I will pay $785 for an 07 Ninja 500. I live in south eastern Ontario and commute 70 km a day when riding weather arrives and usually ride from March to late November or early December.
I paid just slightly less, $765, to insure a Piaggio X9 500 scooter.
It is very important to compare apples to apples with insurance. Ontario has a no fault system and coverages are good to protect the rider in the event of a civil suit.
I hate paying insurance but I wouldn't want to be sued for a million and find out the insurance company would only pay 500K of the judgement and leave me on the hook for the balance.


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