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Insurance for Canadian Hawk Owners

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    Insurance for Canadian Hawk Owners

    I just received a letter from my insurer (Manitoba Public Insurance) telling me that my Hawk has been re-rated from "Sport" to "Other" classification.

    This is welcome news as for years, Hawks were rated similar to supersport missiles with three times the horsepower. As you can imagine this resulted in a premium that really doesn't reflect the risk in riding a Hawk.

    MPI had relied on the Insurance Bureau of Canada to give it a list of Sport risks so I imagine that the IBC is responsible for the change. Hopefully customers of other Canadian insurers will see some rate relief for their Hawks.

    Cheers,

    d.
    '90 Hawk GT "RC31" #0003... with RC31 kit, Racetech springs, Goodridge SS lines, 900RR shock mod, fabitappi solo seat cover, Muzzy slip-on, Uni-pods and Stage 3 jet kit. Still slow
    '95 900SS/SP
    '07 GTI 6-spd
    '85 911 Carrera 3.2 coupe
    soon... '86 GSX-R1100

    #2
    Not sure that it will effect the other provances at all, as a counter point, my current Ont policy runs less than 500 a year canadian, but for referance, I'm also over 30 and have been riding for more than 15 years, so I'm sure that helps keep the price down as well...
    Thats the only good thing I've figured out that comes with getting older....
    Mike/Kilter
    They smile because I'm different--I laugh because they are all the same

    Comment


      #3
      Originally Posted by Kilter
      Not sure that it will effect the other provances at all, as a counter point, my current Ont policy runs less than 500 a year canadian, but for referance, I'm also over 30 and have been riding for more than 15 years, so I'm sure that helps keep the price down as well...
      Be thankful you don't live in the land of socialized insurance ops: You buy your policy from MPI or you don't ride.

      My Hawk ran me about $1,800 last year for insurance. That's collision (value $4K) and third-party only, no fire or theft. I'm 35, married, clean licence (maximum discount 25%)... feeling a bit screwed

      I'm just hoping that the redesignation from Sport to Other will help. As a point of comparison, if I had a new Yamaha R1 my premium would only be a couple hundred more than for the Hawk, based only on the value of the bike. Our insurer places 95% of the premium risk on the personal injury component, which it feels is the same risk for me on my Haw (55hp) as on the R1 (180hp) because they're both "sport bikes"... go figure.


      d.
      '90 Hawk GT "RC31" #0003... with RC31 kit, Racetech springs, Goodridge SS lines, 900RR shock mod, fabitappi solo seat cover, Muzzy slip-on, Uni-pods and Stage 3 jet kit. Still slow
      '95 900SS/SP
      '07 GTI 6-spd
      '85 911 Carrera 3.2 coupe
      soon... '86 GSX-R1100

      Comment


        #4
        ya i remember in montral people hated me when i told them what my insurance was (80/year) and others woundered why i kept my california plates for 2 years untill i brought that up. the insurance companies hate sport bike riders up there

        and a hawk was originally classified has a "standard"
        man you guys really are getting screwed big time
        1988 & 1991 hawkgt, 2005 rc51

        Comment


          #5
          This is from a local forum in calgary about rates in quebec
          I pay $300 a year ...30+ no tickets/accidents for my hawk

          when you support legislation on SPORTBIKES...

          --------------------------------------------------------------------------------

          this is what you end up with;

          Quote:
          Ok,here in dear Quebec (Canadian province for those that may not know) the goverment is blatantly trying to outlaw sportbikes

          1st,they are raising licensing by 5 times what it was for litre bikes!

          So,from $320 today to $1500 in 2008.

          Our driver permits were good for 2 yrs;now its 1 yr,so this just doubled as well.

          Fun thing is even if a car driver doesnt own a bike,in order to keep is right to ride he`ll have to pay double price.

          This is because according to their numbers,there is only like 15k sportbikes riders here and they cost 5 times more to the province then what they are actually paying ($320).

          So,in light of this,our dear Gov is offering to extend payments on a 12 months basis,simply meaning that in order to ride,we`ll have to pay them about $120/month for the rest of our pathetic lives.

          Well,about $1600/yr divided by 12...

          Get an older model and pimp the hell out of it?

          Nah,they did their homework and gone back to 1985....yes,a guy with a "sportbike" from 1985--gsxr-750-- will still be paying $1500/yr!!

          Here sportbikes are about 7-8% of the total bike scene (around 15000 sportbikes riders) and popular opinion was manipulated by the medias big time since the gov started to talk about that crap...we have the local thrash newspaper which dedicates a part of page 11 for bikes crashes and deaths,puts anti-motorcycles stories on front page,etc.
          There is about 5 motorcycle riders at work;when the rest talk to you about this,its all like "man,have you heard what they want to do to you guys?"
          But when you`re not there,its all "they had it coming,see,the other day I was driving under the limit on the highway and out of nowhere,on the back wheel..."

          Thanks to this new law,bikes sales have dropped 70% and peeps have lost jobs already.


          this is happening in other provinces as well, QC is just a step ahead.

          here is the list of affected bikes
          http://www.saaq.gouv.qc.ca/en/insura..._list_moto.pdf

          not only that you have to hold a probationary license for 2 years, complete a driving school ($$), complete another 'road test' ($) 4 demerits while under probabtion you are suspended ($$$)

          classes;

          6A: any motorcycle
          6B: 400cc or less
          6C: 125cc or less
          6R: learners license ($$$$)

          the manual
          http://www.saaq.gouv.qc.ca/publicati...oto_c3889a.pdf

          I would think anyone who rides a bike can see how screwed up this is.

          The end result of this... only the rich ride.


          consider this when forming and sharing your opinions on supporting legislation.




          click the link for the list of bikes ...and notice that hawks are not on it

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