Great video and very informative. However to compare the insurance cost with Europe,we are being taking to the cleaner . A1200 motor guzzi or 1200 Ducati in Europe is 120 euros for full coverage for the riding season . Mind you the training is of a much higher standard for your drivers licence than in canada . However there is no excuse to 10 fold the price for a country with 100 kph speed limit that has snow for 6 month of the year .
I usually don't comment on stuff, but wand to jump in here. It's a numbers game. Europe simply has way more drivers and people who "commute" on bikes. We only ride for 6ish months, they ride all year. That's "mostly" why they get much cheaper rates.
@@begel6997 you are right with your point of view however the biggest reason for lower rates are two things . Better and more intense training in driving schools . But mainly you are not exposed to lawsuits as we are in this part of the world . Lawsuits are still rare and if they occur, they are by far only a fraction of the amounts compared to North America . The later statement was explained to me by three different insurance brokerages
Great video, thank you! I have a quick question: You say it is best to avoid insurance until you have your M2 but my understanding is you must pass a road test to obtain your M2. Presumably this means you would need some riding experience, to ride to the test site, and to have valid insurance on the bike at the time of the test. Im struggling to figure out the order of events to make it work logistically. I had an insurance refuse to quote me for M1 and I asked the same question then but they didnt respond. Thanks
M2 exam is held in parking lot. If you do motorcycle safety course with third party school, they will provide you the bike for training and M2 test is held at the end of the course. So you dont need a motorcycle to get your M2 unless you decide to go directly with ministry. Once you have M2, it will be lot easier to find reasonable insurance. Hope this answers your question.
Thank you so much, this was so helpful, i'm 19 years old I know i'm young for this but i'm planning to get a ninja 250cc and i'm going to call some insurance companies to see.
You are welcome! That's a good idea to start with smaller cc bike and then build your insurance history. You will reap the benefits later in life. All the best my friend!
Update: I bought a 2011 honda cbr250 last week and I got a quote from Desjardins, $195/month, really happy with the price because I expected it to be way higher. So glad everything went well!!.
Insurance companies are out of control especially in Ontario Canada.. They change their rules constantly and write them as they see fit.. ALL insurance companies need to be regulated to make it fair for everyone not just their bank accounts.
It will lower the insurance but I wouldn't recommend this option. Its considered as 'insurance fraud' and they will not only decline any claims but also affects insurance credibility for the future. Remember, insurance companies job is to verify all the details before they pay you out. If you come clean, they have no reasons to decline. Not worth it in a long run...but all power to you to decide what's right for you!
@@tractioncontrol.ca1 If it's a family member with the same last name it will work most of the time my friends been doing it for nearly a decade now with no issue his family member sends his mail back to him
Just make sure the people at the residence you use are alright with having a ramp, full assist disability bathroom, and putting your quadriplegic self up for the rest of your life. That is, after all, where the insurance company will be installing everything, in the unlikely event that you file a claim, they don’t catch you for the insurance fraud, and actually pay it out. Good luck!
I wouldn't recommend that... I had a friend who did that with his car; He registered it at his cottage rather than his home in the GTA... did not end well when he had to make a claim when his window was smashed one night and they found out his primary residence was not the cottage. He's lucky he wasn't charged with fraud..
I'm in the process of purchasing a used bike from a private seller in Ontario and for the life of it I'm unable to figure out the process- what to do first, what to do second, what paper work should I ask for and provide. Any chance to have a video on this?
Great suggestion, I might make a video on this topic. Meanwhile, here is the short answer: Owner's responsibility - Provide Bill of Sale, UVIP document and Registration. Buyer's responsibility - Insurance, Safety certificate and transfer ownership. All the best!
@@tractioncontrol.ca1 thanks. I completed the entire process over the weekend and yesterday. UVIP has a bill of sale on the last page of the print, so a different bill of sale need not be required. But please do the video.
A whole different question about the video but i think i found the perfect person to answer it, I got my m2 license before i got a g1, do i need to take a g1 test still even tho i got a m2 and on the m1 test there was a g1 test with it, thank you
Your comment actually answered a major concern of mine I thought that I would need a G license to get an M license Where I come from that’s how it works and thought it’s the same in Canada
Question, if you get an insurance, can you get it for a certain time? Like in Canada with winter you won't be able to use the bike as much compared to summer.
Hey brother , I live in Etobicoke, I noticed a comment that you are an instructor, what school should I look up if I wanted you as an m2 instructor? Thanks !
Thanks for the informative video. Is it me who finds all the calculations by the insurance companies stupid? Primarily I am looking to buy a motorcycle to use both for commute and long distance touring. So now I have to pay more just to enjoy the scenic beauty of this country? 😪 By the way, since a motorcycle cannot be ridden all year long- is there a way to save on insurance during winters?
Thank you! motorcycle Insurance in Ontario has to be all year around. Also your riding experience comes from insured riding history. Stopping or pausing insurance will reset your experience. If you want to be cost effective, I would recommend to start with beginner bikes and build up insurance history for future bigger bikes.
@@tractioncontrol.ca1 Thank you for replying back. I have 15 years of riding experience back home and I have a certified riding extract which I am planning to submit while taking my M1 test- does that help in any way?
Most likely not as it doesnt necessarily lowers the risk of riding. On the other had ABS might. Hope that makes sense. I would recommend to provide insurance companies with VIN number so they can see and considers all bike features in building appropriate insurance cost.
It depends on your needs and budget but here are few that I can recommend from my experience. Kawasaki Versys Yamaha Tenere Honda NC 750/ CB 500X/ Africa Twin Then you have whole range of european ADV bikes to choose from...
Nope never rode a bike before the m1 course taught me a lot at the course and when I did my m2 exit on my finial test I got a 0 like nothing wrong was easy and fun
Yep I went trough learning curves course they had like 20 bikes at the end of the weekend they test you them selves so if you pass they send everything to drive test or whatever and u wait 3 days and just go upgrade it
Km’s are a bit weird. Don’t ride enough and your inexperience plays a role. I initially thought I’d ride about 1500km/year. Having wildly underestimated this, I called to update it to 10,000km/year, and my rates went down, and I received a $120 refund. TD MM was the insurer.
This is interesting and new information to me. From my experience, it was always "more kms = higher insurance" Insurance companies have different standards to weigh the risk and seems like it varies from one another. Thanks for taking the time to share your experience, I will pass it down to future student riders.
I work in insurance. Your premiums went down is most likely because you rode more km. It is probably because they rated you at a newer time stamp, and your new experience( now probably at 1 year) and age( now probably +1 or even 2) is more favourable to the insurance company. Additionally, the insurance company may have updated their rating method and underwriting criteria to be favourable to your new situation
Since they fall under beginner category, its most likely on lower side. I would suggest to call around as many companies as possible before purchasing the bike.
I am 20yrs old just got my m2 and thinking. To buy zx6r i asked for some quotes from td insurance and they gave me unbelievable insurance premium price, 35000$ annually? How
Call around as many insurance companies and brokers as you can. You may have better luck with others. Mind you ZX6r is considered as high risk (any 600 cc sport is considered to be high risk) plus theft rate is typically high on those.
ontario is the worst when it comes to insurance, I actually tried to get onto 2 wheels in 2022. picked up an 85 honda shadow vt750. 26M clean record, 8yrs with a full G quoted at $4500/yr as an M1. put the bike into storage where it still sits hopefully one day it will be affordable enough to ride. making another attempt this year, since I let my M1 expire, im rewritting it this weekend so i can be eligible end of july for M2, also looking at a 95 honda VLX 600. bit of a smaller sized bike, according to the seller of it, through his broker, it cost him $700/yr as an M2 on it which will get me riding this year!
Insurance is awful for M1 riders. Definitely do the safety course (M1 Exit). This will also help reduce insurance rates, and doubles as the test for your M2.
Agreed! insurance is not quite friendly for riders. The gap between M1 and M2 insurance rates are significant, hopefully you find one that suits your needs. Checkout the video description for companies to call around. all the best!
Scale is vague but anywhere between $150 to $1000/month (approx) If you are a new rider and your rate is under $150. I would like to consider that as a WIN.
![[Full] 4 ต่อ 4 Celebrity EP.922 | 10 พ.ย. 67 | one31](http://i.ytimg.com/vi/zmV5HRIxIBI/mqdefault.jpg)
Great video and very informative. However to compare the insurance cost with Europe,we are being taking to the cleaner . A1200 motor guzzi or 1200 Ducati in Europe is 120 euros for full coverage for the riding season . Mind you the training is of a much higher standard for your drivers licence than in canada . However there is no excuse to 10 fold the price for a country with 100 kph speed limit that has snow for 6 month of the year .
I usually don't comment on stuff, but wand to jump in here. It's a numbers game. Europe simply has way more drivers and people who "commute" on bikes. We only ride for 6ish months, they ride all year. That's "mostly" why they get much cheaper rates.
@@begel6997 you are right with your point of view however the biggest reason for lower rates are two things . Better and more intense training in driving schools . But mainly you are not exposed to lawsuits as we are in this part of the world . Lawsuits are still rare and if they occur, they are by far only a fraction of the amounts compared to North America . The later statement was explained to me by three different insurance brokerages
Consecutive years with the same insurance company and slowly increasing bike size helps. Also less common bikes seem to have lower rates.
Great video, thank you! I have a quick question:
You say it is best to avoid insurance until you have your M2 but my understanding is you must pass a road test to obtain your M2. Presumably this means you would need some riding experience, to ride to the test site, and to have valid insurance on the bike at the time of the test. Im struggling to figure out the order of events to make it work logistically.
I had an insurance refuse to quote me for M1 and I asked the same question then but they didnt respond.
Thanks
M2 exam is held in parking lot. If you do motorcycle safety course with third party school, they will provide you the bike for training and M2 test is held at the end of the course. So you dont need a motorcycle to get your M2 unless you decide to go directly with ministry. Once you have M2, it will be lot easier to find reasonable insurance. Hope this answers your question.
borrow an insured bike
Great video. Helps us canadians. Looking to get a bike next summer. 😁
Thank you! yes absolutely I will do my best :)
Thank you so much, this was so helpful, i'm 19 years old I know i'm young for this but i'm planning to get a ninja 250cc and i'm going to call some insurance companies to see.
You are welcome! That's a good idea to start with smaller cc bike and then build your insurance history. You will reap the benefits later in life. All the best my friend!
try TD insurance
Update: I bought a 2011 honda cbr250 last week and I got a quote from Desjardins, $195/month, really happy with the price because I expected it to be way higher. So glad everything went well!!.
@@cu4192 what are the circumstances of your insurance? License type, area code, etc?
@@МихаилПетрович-м2п I'm insured with m2 and with msf course certificate, live in KW area
Insurance companies are out of control especially in Ontario Canada.. They change their rules constantly and write them as they see fit.. ALL insurance companies need to be regulated to make it fair for everyone not just their bank accounts.
I agree with you, its an unfortunate reality.
If you have a friend who lives outside of a major city ask him if you could use his postal code for cheaper rates
It will lower the insurance but I wouldn't recommend this option. Its considered as 'insurance fraud' and they will not only decline any claims but also affects insurance credibility for the future. Remember, insurance companies job is to verify all the details before they pay you out. If you come clean, they have no reasons to decline.
Not worth it in a long run...but all power to you to decide what's right for you!
@@tractioncontrol.ca1 If it's a family member with the same last name it will work most of the time my friends been doing it for nearly a decade now with no issue his family member sends his mail back to him
Just make sure the people at the residence you use are alright with having a ramp, full assist disability bathroom, and putting your quadriplegic self up for the rest of your life. That is, after all, where the insurance company will be installing everything, in the unlikely event that you file a claim, they don’t catch you for the insurance fraud, and actually pay it out. Good luck!
@Insomniac_Tv how about your parents address? Is that alright??
I wouldn't recommend that... I had a friend who did that with his car; He registered it at his cottage rather than his home in the GTA... did not end well when he had to make a claim when his window was smashed one night and they found out his primary residence was not the cottage. He's lucky he wasn't charged with fraud..
I'm in the process of purchasing a used bike from a private seller in Ontario and for the life of it I'm unable to figure out the process- what to do first, what to do second, what paper work should I ask for and provide. Any chance to have a video on this?
Great suggestion, I might make a video on this topic. Meanwhile, here is the short answer:
Owner's responsibility - Provide Bill of Sale, UVIP document and Registration.
Buyer's responsibility - Insurance, Safety certificate and transfer ownership.
All the best!
@@tractioncontrol.ca1 thanks. I completed the entire process over the weekend and yesterday.
UVIP has a bill of sale on the last page of the print, so a different bill of sale need not be required.
But please do the video.
@@hymnz that’s great to hear! Congratulations.
@@tractioncontrol.ca1 could you do a video on the total cost of purchasing a new or used motorcycle (private seller vs dealer)?
@@Labi_woof Good suggestion I might make one in near future. Thank you!
Good call M2 is the way to go 👍🏽 scrambler Ducati expensive on repairs/parts, not sure if it would be cheaper.
Hey buddy love the video, I live in BC, I have a Motorcycle license from India, How high my premiums are gonna be if I get a KLR650 2008?
Thank you! I am not familiar with BC insurance rates. I would recommend to call around for quotes BEFORE purchasing the bike. All the best!
A whole different question about the video but i think i found the perfect person to answer it, I got my m2 license before i got a g1, do i need to take a g1 test still even tho i got a m2 and on the m1 test there was a g1 test with it, thank you
Yes, you will need to get G1 despite of M2. Hope this helps!
Your comment actually answered a major concern of mine
I thought that I would need a G license to get an M license
Where I come from that’s how it works and thought it’s the same in Canada
Question, if you get an insurance, can you get it for a certain time? Like in Canada with winter you won't be able to use the bike as much compared to summer.
The short answer is no, The bikes has to be insured all year around unforturnately.
Hey brother , I live in Etobicoke, I noticed a comment that you are an instructor, what school should I look up if I wanted you as an m2 instructor? Thanks !
Thanks for the informative video. Is it me who finds all the calculations by the insurance companies stupid? Primarily I am looking to buy a motorcycle to use both for commute and long distance touring. So now I have to pay more just to enjoy the scenic beauty of this country? 😪
By the way, since a motorcycle cannot be ridden all year long- is there a way to save on insurance during winters?
Thank you! motorcycle Insurance in Ontario has to be all year around. Also your riding experience comes from insured riding history.
Stopping or pausing insurance will reset your experience. If you want to be cost effective, I would recommend to start with beginner bikes and build up insurance history for future bigger bikes.
@@tractioncontrol.ca1 Thank you for replying back. I have 15 years of riding experience back home and I have a certified riding extract which I am planning to submit while taking my M1 test- does that help in any way?
Helps a lot thank you very much
Two wheels on the road
It my pleasure 😇
Will quick shifter upgrade bring cost of insurance up significantly?
Most likely not as it doesnt necessarily lowers the risk of riding. On the other had ABS might. Hope that makes sense. I would recommend to provide insurance companies with VIN number so they can see and considers all bike features in building appropriate insurance cost.
What are your thoughts on VOOM and any advice on getting my insurance rate to be low as a teen that’s about to get a 1000cc sport bike?
I have no experience with VOOM so cant really say anything about it.
I just picked up a 2023 GSX-R750 & am paying $725 full coverage but I've had my motorcycle licence for 33 years
Thats a great price! experience counts
725 monthly ?
@@jawa5427 $725 a year....its like $60 a month
these are in Adventure category. i am planning to buy one this year. Any recommendations even other than these?
It depends on your needs and budget but here are few that I can recommend from my experience.
Kawasaki Versys
Yamaha Tenere
Honda NC 750/ CB 500X/ Africa Twin
Then you have whole range of european ADV bikes to choose from...
Got my m1 for in February did my course April for m2 now looking for a bike !
did you learn using a friends bike? I'm going to get my M1 soon
Nope never rode a bike before the m1 course taught me a lot at the course and when I did my m2 exit on my finial test I got a 0 like nothing wrong was easy and fun
@@zacharybrasser8612 I assume they provide the bike for the M2 course then?
Yep I went trough learning curves course they had like 20 bikes at the end of the weekend they test you them selves so if you pass they send everything to drive test or whatever and u wait 3 days and just go upgrade it
@@zacharybrasser8612 The one in London?
If I have a bad car accident & speeding fines history on my driving record, will it have an affect on my motorcycle insurance?
Yes tickets and at fault accidents will increase your insurance. Most insurance companies look for past 3 to 5 years history.
Km’s are a bit weird. Don’t ride enough and your inexperience plays a role. I initially thought I’d ride about 1500km/year. Having wildly underestimated this, I called to update it to 10,000km/year, and my rates went down, and I received a $120 refund.
TD MM was the insurer.
This is interesting and new information to me. From my experience, it was always "more kms = higher insurance" Insurance companies have different standards to weigh the risk and seems like it varies from one another.
Thanks for taking the time to share your experience, I will pass it down to future student riders.
I work in insurance. Your premiums went down is most likely because you rode more km. It is probably because they rated you at a newer time stamp, and your new experience( now probably at 1 year) and age( now probably +1 or even 2) is more favourable to the insurance company. Additionally, the insurance company may have updated their rating method and underwriting criteria to be favourable to your new situation
Yeah thanks
Happy to help!
Hi are Yamaha MT03 and BMW G310Gs low cost for insurance?
Since they fall under beginner category, its most likely on lower side. I would suggest to call around as many companies as possible before purchasing the bike.
I am 20yrs old just got my m2 and thinking. To buy zx6r i asked for some quotes from td insurance and they gave me unbelievable insurance premium price, 35000$ annually? How
But ur only gonna ride the bike for like 3 months in Canada
Call around as many insurance companies and brokers as you can. You may have better luck with others. Mind you ZX6r is considered as high risk (any 600 cc sport is considered to be high risk) plus theft rate is typically high on those.
ontario is the worst when it comes to insurance, I actually tried to get onto 2 wheels in 2022. picked up an 85 honda shadow vt750. 26M clean record, 8yrs with a full G quoted at $4500/yr as an M1. put the bike into storage where it still sits hopefully one day it will be affordable enough to ride.
making another attempt this year, since I let my M1 expire, im rewritting it this weekend so i can be eligible end of july for M2, also looking at a 95 honda VLX 600. bit of a smaller sized bike, according to the seller of it, through his broker, it cost him $700/yr as an M2 on it which will get me riding this year!
Insurance is awful for M1 riders. Definitely do the safety course (M1 Exit). This will also help reduce insurance rates, and doubles as the test for your M2.
Agreed! insurance is not quite friendly for riders. The gap between M1 and M2 insurance rates are significant, hopefully you find one that suits your needs. Checkout the video description for companies to call around. all the best!
Very informative!
Thank you!
so how am i supposed to get m2 license without owning motorcycle? rent for the m2 test?
Motorcycle classes
informative 🎉
Thank you, glad I could help!
Yoooo I just did my motorcycle course with you
Hahaha! Small world
whats the location of 2:29
What the average insurance rate?
Scale is vague but anywhere between $150 to $1000/month (approx) If you are a new rider and your rate is under $150. I would like to consider that as a WIN.
#up
Its just so stupid and way way to much ..
@tractioncontrol looking for the list of companies in the description as mentioned - can’t find it
Here it is:
Insurance brokers:
- Riders plus
- Brokerlink.ca
- NFP
- Streetrider.cA
- Open road insurance
- Premium insurance company
- The personal
- Youngs
Insurance companies
- TD insurance
- Dejardin
- Allstate insurance
- Intact
- RBC
- STATEFARM