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Yearly insurance costs in Canada

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Old 04-23-2006, 09:20 PM
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paul997
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Question Yearly insurance costs in Canada

Curious to know what others are paying for insurance for a 12 month period?
Would be interested to know if my current rate is comparable. Reviewed posts from US owners which make Canadian Rates look sky high.

I am with ING, paid $ 1,392 with $ 1,000 ded for 12 months ( no collision for Nov 15- Apr 1 Total for year would have been $ 1,892) with Boomerang installed on a 2005 997.
Old 04-23-2006, 09:29 PM
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NOBLEGT3
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whats your liability limit? either way your coverage is dirt cheap. how can you complain?? do you have waiver of depreciation coverage? is the cheapest deal important when insuring a 997 or is being with the best market that will take care of you?
you cannot compare to US rates as they carry very low liability limits in most states, in some cases $10,000
Old 04-23-2006, 10:43 PM
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YYC930
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Most of my clients pay between $900-1,500 CAD for 12 months with usually a 5% deductible and no glass coverage. This is assuming the P-car is one of 2-3-4 in their fleet and that they have a relatively clean record.
Old 04-23-2006, 10:47 PM
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skruggs964
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I know that you can't compare 997 insurance rates to 964 rates...but I pay about $760 a year for secondary vehicle. Does not include collision, no windshield coverage, $1 million liability, and $1000 fire and theft deductible.

I've cleaned up my driving record considerably the last few years.....I was paying through the nose for a Mustang GT....$3400 a year, and about 4 speeding tickets. (9 demerits)
Old 04-23-2006, 11:11 PM
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skruggs964
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paul997...you may be wondering why YYC930 and myself quoted without glass coverage.....they surcharge us bigtime if we want our windshields covered out here in Alberta. I can't remember what it was for my p-car, but my 8 year old Ford is an extra $180 a year. (give or take) I can get it replaced for around $250...so it makes no sense to it have it insured. I've only had to replace it once in the 4 years I've owned it.
Old 04-23-2006, 11:31 PM
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paul997
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NobleGT3 . Liability is only $ 1,000,000. Waiver of depreciation for 2 years I believe. You are right, can't put a price on peace of mind.
Old 04-24-2006, 09:58 AM
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PierreTT
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Paul,
I'm paying 1100$ for a 95 993 cabrio. Full coverage, 500$ deductible. The collision part is removed between November and April. Considering that my car is 10 years older than yours, worth a lot less and that you live in a bigger city (more risk for insurance cies most of the time), your insurance price seems more than fair to me...
Cheers
PS
Old 04-24-2006, 10:20 AM
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Mike K.
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$ 4000/ year for a 2005 GT3. No claims or issues in the past. Over 40.
Old 04-24-2006, 11:14 AM
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Crazy Canuck
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I'm 32 and I'm at $2433 for '05 Carrera S (a bit less really because it's parked over the winter). $5k deductable. $1 million liability. It's a lot better now that I've got all my points back for a few years. It was $7000 ($4000 after winter hibernation) last year because I didn't have all my points back for long enough.
Old 04-24-2006, 01:16 PM
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Bob Rouleau

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$2200 a year for a GT3 with 5K deductible "agreed value" and 5MM liability; 15 years no claims, no demerits. I get a discount because they insure 5 cars and my homes. Jeez, if I keep buying cars my insurance rates could go to zero! Mike, yours sounds very high. Mine is based on winter storage but there is no fixed period and, I am allowed to drive it in winter. The winter discount is one third - which is reflected in the price above. Taxes are extra though.

Rgds,
Old 04-24-2006, 08:39 PM
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trickydisco
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$ 2 042.00 liability/loss/damage/collision for 12 months.
Actual amount paid will be less because
I plan to take off of insurance during winter months.

Liability: $ 1 mill
Deductable: $ 3 000.00 (WTF...)

Tickets: none (in 6 yrs)
Accident claims: 1 (one year ago; deemed not at fault by police/insurance)
Vandalism claims: 1 (11 years ago)
Old 04-24-2006, 09:57 PM
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Dale Gribble
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^ barrington, did u get hooked up for the RIV thing? PM me details, i take it ur on the road now?
Old 04-24-2006, 10:00 PM
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theiceman
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The good thing about an old Porsche ... the insurance
I have a 78 sc targa and I pay a whopping 470.00 dollars per year with no collision of course .. it looks like you guys could buy my car after about 5 years of insurance rates...
Old 04-24-2006, 10:40 PM
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pongobaz
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$1400 per year (full coverage all 12 months). Ded: $2400, 2mil liability, all perils, etc... no claims, no tickets, multi-car discount.
Old 04-24-2006, 10:52 PM
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Marc Shaw
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ING: 3rd car, $800/year, over 35, no points, $1M liability, $1000 deductible, no winter storage, full coverage.

Marc


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