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Posted by pcarrell
- March 02, 2015, 11:07:35 AMMan! Those are some crazy numbers you guys are throwing out there! I'm more like Troll in that I pay about $200 for full coverage, including $10,000 replacement coverage if the bike is totaled. Shoot, honestly the thing is worth more totaled then it is as it sits, but I like it, so I'll hang on to her.
Posted by Tim
- March 02, 2015, 00:50:28 AMHaha you guys are awesome! You sound like me and my father in law complaining about insurance. 
Indian Red hey? Where did they get the name? Just kidding.
I want to find an original '48 in a museum somewhere and hold up paint swatches to get a good match.
Posted by CDNRatMan
- March 01, 2015, 21:28:40 PM 
let us blame Tim he took us off topic.....lol.....Indian Red.......and my 99 Drifter is Sunbeam Red......lol.......
Posted by greenbarn
- March 01, 2015, 20:55:06 PMQuote from: jmbo on March 01, 2015, 20:13:43 PMSomewhere in all this insurance talk there was a question regarding the name of the original Indian Red. It's called "Indian Red"
Hmmm. I guess that should have been obvious...
Speaking of insurance, what a racket! What other industry do you know of where year after year the price stays the same, but the "value" of the merchandise DROPS so drastically? Would you pay full price for half worn-out tires?? Would you pay full price for a half-eaten sandwich? How about a 3 year old TV? Full price?? Of course not..... Yet we buy a vehicle for let's say $10,000 - Insurance the first year is $X , Next year.... same $X (unless there's an increase). 5 years later, if we say with the same company, still $X !!! But the vehicle is now worth about $3000!
And how about that Multi-Car Discount?? I insure several vehicles, and get (I think) about 10% discount. But if you do the math, if I have 2 insured vehicles, my chance of having a claim is about exactly 1/2 (50%). If I have 3 vehicles, it's 33%.... because, SURPRISE... I can't drive more than one at a time, so IMO the liability portion of my additional vehicles after the first one should be nearly nothing. I can understand the fire & theft part being at 100%.
Quick, get me off the soapbox before somebody mentions the mandatory included towing coverage that's added in there.....
But Indian Red, seriously, were the Indians the only thing painted that shade of red???
Posted by jmbo
- March 01, 2015, 20:13:43 PMSomewhere in all this insurance talk there was a question regarding the name of the original Indian Red. It's called "Indian Red"
Posted by John Hopkins
- March 01, 2015, 20:12:44 PMAnd yet the really big boys like Lloyds of London can insure space shuttles..
The big boys can get away with anything to get as much money as possible from us small people.
John.
Posted by CDNRatMan
- March 01, 2015, 19:51:59 PMI tried to get insurance with a company in Toronto, 5 hours south of here and was told that I was outside their coverage area. So that cut that idea off.
Posted by Troll
- March 01, 2015, 19:14:30 PMThat would be great, John, except for one little detail: The company has to be licensed to do business in the state you live in, so since that would essentially put them in the same pool as the other companies, they would most likely have near the same prices...they can always go higher, but there is a premium floor that they can't violate. If we could do that, then we would also be buying health insurance across state lines, but that is illegal, too
Posted by John Hopkins
- March 01, 2015, 16:43:08 PMThis all sounds very strange to me, I look at the prices some of you people buy motorcycles for, then I look at the price you are paying for compulsory insurance and it is a large percentage of the bike price every year, I pay about the same price as you do for a Vulcan Drifter 1500cc and I get screwed for about $90 (£59) a year for basic insurance..
If I lived on the North American continent in these days of international finance I would be looking for insurance abroad, It's only an electronic financial transaction, and if enough of you did it the price of insurance would drop like a stone..
Maybe you should talk to a legal financial advisor.
John.
Posted by CDNRatMan
- March 01, 2015, 15:31:33 PMNot in FL but PC is always looking for people to move down with him, in IN.........
Posted by Tim
- March 01, 2015, 14:49:06 PMMan we get hosed in Canada! It only takes one trip to the States to see what things should cost.
Anyone in Florida want to adopt me? 
Posted by Bucko
- March 01, 2015, 14:38:05 PMQuote from: Tim on March 01, 2015, 13:31:18 PMHey Bucko I am in Kelowna so I will be dealing with icbc too.
Can I ask what your 3 months costs? Does it include theft?
Cheers
Hi Tim:
In round figures it's about $130/month and that does not include fire or theft, just the basic. I can't remember what I paid exactly last year - in a fit of ignorance, I insured for 7 months and never rode a foot in the last three months. Won't make that mistake again. I think your ICBC rate in the valley should be a bit less than here in the lower mainland.
I used to buy optional fire and theft coverage from a non ICBC insurer, and that was about $500 for a full year (couldn't buy less than a year's worth) - about $600 less than ICBC for similar coverage. Since I ride the Drifter for so few months per year and since it's residual value is getting lower every year, I finally dumped the optional fire and theft a few years ago (partially because the cost of coverage was going up but the value of the bike was going down -dramatically - wtf? 
).
Posted by CDNRatMan
- March 01, 2015, 14:01:37 PMI have full coverage here in Ont. and you are correct you have to insure it for the full year none of this half year stuff anymore, full year full coverage. Because I took some time off of the life style and did not have motorcycle coverage, I had to start over at 0 and it was expensive, now this month I will be reaching a slight milestone in age, and I am really curious if that will make a change in my cost of coverage, but for full coverage and all the good stuff, I am paying $745.00 for the pleasure of riding.......
Posted by Tim
- March 01, 2015, 13:31:18 PMHey Bucko I am in Kelowna so I will be dealing with icbc too.
Can I ask what your 3 months costs? Does it include theft?
Cheers
Posted by Bucko
- February 28, 2015, 23:07:34 PMIf I were to insure my 01, 1500 here in BC for a full year (which I don't) and with full coverage (which I don't) the cost, with the maximum ICBC safe driver discount of 43% would be $2600 per year the last time I checked. Fortunately 
since it rains here in Vancouver about 10 moths a year (not this year it seems 
), I only insure for about 3 months which cuts the cost down significantly, but it's still outrageous given it's only 3 months coverage.