Insurance Bible for ONTARIO (Greater Toronto Area)

[EMAGDNIM]

Um, Lant Insurance has updated the site with the following:

Lant Insurance Brokers does not offer insurance for:

Any right hand drive automobiles less than 25 years of age

!!!Link!!!

So they will probably keep the customers that they have now, but new ones will be told to kick rocks. It sucks that people like us have to suffer because others ruined it with using crap boxes as dailies.

I guess it's time to start calling around to get quotes

[RixR32]

Yup. Right you are. ^^^
A direct contradiction to what I was told on the phone.
Makes it hard to trust that they wont drop current clients now.
Im personally done with this subject.
Any info given seems to be invalid shortly after, and nothing to be done about it anyways.
Guess the best advice is cross your fingers and pick up the phone.

/thread

[S13Jordie]

whelp. long term project just got more long term. debatable if its even worth it anymore.

[DRIVER_R32]

It's funny because if I buy a crap , p.o.s., 1990 ford , rusted to sh....,
Ill probably get a rate under 3,000.00
Even though its possible to completely fail and cause the same 1,000,000.00 + pile up

But the insurance companies are trying to have us believe the income from 1990 fords is enough to cover the accidents?

So by this logic we just need a lot more RHD cars to be here for it to be worth while to
Them?

[S13Jordie]

It's funny because if I buy a crap , p.o.s., 1990 ford , rusted to sh....,
Ill probably get a rate under 3,000.00
Even though its possible to completely fail and cause the same 1,000,000.00 + pile up

But the insurance companies are trying to have us believe the income from 1990 fords is enough to cover the accidents?

So by this logic we just need a lot more RHD cars to be here for it to be worth while to
Them?

Yes sure the cars can cause the same accident, however, the person behind the wheel of a 1990 ford ( or whatever) bought that car to get back and forth to work. where as the person driving the 1990 GTR is probably going to take more risks. The cars are 2309482390 times more likely to be modified and be outside the limits of what the 18-23 yr old "new" driver can handle (even tho he/ she will claim the opposite is true)

I understand why insurance rates are so high on these cars. it makes sense, 90's supercar performance and technology can be had at the same price as a used late model civic. What bugs me to no end are those who abused the system and used the collector insurer to daily their cars (often under someone elses name) and ruined it for everyone else. Instead of bucking up and paying to play, now everyone who wants a pleasure vehicle is forced out of the option that should have been available to them. I dont know about everyone else but i am not ready to pay $400 a month to insure a car valued at 10K only to drive 2-3 times a week.

I am at a loss of what to do with my project now, cut my losses and move on or hold out and see if anything else comes up.

[DRIVER_R32]

Track It and hold on to the dream the ndp will reform Ontario insurance.

[PbPrincess]

This thread makes me cry
I'm in the Niagara area and was quoted very low $90 for insurance thru my broker, when I got my r33 before the winter. I'm kinda getting scared, thinking the quote I got isn't going to pan out when I get it on the road in the next couple of weeks :/ considering the bf just paid $500 for his R32 ;_;

[RixR32]

Just an update. Talked to Lant/Haggerty this morning on a few things.

They are keeping existing clients. They are however, questioning if there are ANY drivers in the household under 25. I don`t have any currently but it made me wonder if I would be dropped if there was.....
THEY ARE NOT putting up with the parents name/kid driving thing.

They will not accept ANY new RHD`s under 25 years old.
They will CONSIDER RHD`s over that age, but it`s not a guarantee.

Anyone else interested in a petition of some sort, or any other idea, to send to the FSCO?
In another post, EvnEvlr posted a copy of a letter he sent to them.
Maybe we should all get on board here for more influence. Shouldn't be legal for companies to outright deny insurance to cars that can be legally imported and registered.
I'll be on board with anything that's attempted, as BOTH companies I'm insured thru hav now stopped with the RHD.

If I wasn't grandfathered, I'd be SOL on 2 of my 3 vehicles, one being a 180HP diesel SUV. REAL DANGEROUS....
I'm 35, married, with a kid, and a house. Clean record with over 1.5 million no-accident miles driven as a commercial driver on top of that.
Should I be denied insurance based SOLELY on the vehicle I drive??????
Nobody should.
I'm guilty of it, but venting on this forum will not change anything. We need to DO something.


Rick

[Kunzz]

I'm up for the petition/letter idea...its time we stand up against policy changes like this. I'm sure we could also get this going on some other RHD car forums for canadian supras, rx7's, integras, etc.

[MKIV]

Shouldn't be legal for companies to outright deny insurance to cars that can be legally imported and registered.

This is probably the most truthful statement that all of us here can agree on.

I'd gladly sign a petition put forward to this matter.

[RixR32]

I'm going to try and write something up.
It's going to suggest that the FSCO have these companies develop rate/risk groups for RHD vehicles instead of just letting them deny altogether. If the excuse is not enough market then this wouldn't be an issue period. So it's worth something...
If we get enough people, maybe they will listen as we do have a legal right to insurance and shouldn't be left with faciity only. We aren't drunks with several DUI's, or multiple accidents, killing people, etc.
We shouldn't be treated as such JUST due to a vehicle here...

Once I develop something, I'll likely start a new thread for people to list their info (ONLY, NO BANTER) such as:

Age/# of drivers in household
Vehicle(s) attempting to insure
Driving record when you attempted to get insurance
Companies who denied you and reasons given, if any
If a company dropped you for reason of RHD ONLY,
...etc (suggestions)


I'll likely turn in printed copies of that with my letter(s) once enough awareness is out and people have posted. Any similar threads in other forums could be linked to it so I could include them.
(I'm a member on Delica.ca but mostly west-coasters there)

If anyone has any other suggestions, fire away. Any help is appreciated as I'm always hugely busy with work on top.
If IVOAC still has any presence it could be helpful too...
I'll be concentrating on the FSCO because they have the control.
They are the organization who allows these companies to "file" for the right to deny insurance.

They simply shouldn't be allowing this. Not a big change to for them to make, so we may have a chance...



Rick

[RixR32]

Here's a good place, just to start.
If anyone has a complaint about a company denying you submit it here.
It goes to the FSCO about that company.
Be professional with your language/grammar etc and it should be a good place to get something going.

http://www5.fsco.gov.on.ca/Licensing/ComplaintsOfficerListing/eng/ledefault.aspx

[EvnEvlr]

Here is the reply I got from FSCO as to my inquirery about not being able to get any insurance for my GTR.

"Dear Mr. XXXX,



Thank you for contacting the Financial Services Commission of Ontario (FSCO).



Ontario automobile insurance companies have their own unique underwriting rules and risk classification systems, which they are required to file in their underwriting manual for approval with FSCO. While the definition of an acceptable risk and the rates charged may vary from company to company, there are a number of commonly accepted underwriting standards in the industry for declining a risk in the regular automobile insurance market.



A given company’s underwriting manual may set out declination rules which place limits on the number of at-fault accidents within a certain time period, as well as restrictions on the type of vehicle to be insured. The declination rules stipulate such requirements to be met before the company is no longer obligated to accept underwriting a new policy for a prospective insured, or renew an existing one. As is suggested in your e-mail below, some insurers may file underwriting rules with FSCO that provide for them to refuse to underwrite policies for vehicles of a certain age, modified vehicles, or vehicles that are in some way non-standard in the regular market, e.g., right-hand drive (RHD) vehicles.



The Insurance Brokers Association of Ontario (IBAO) provides information about insurance coverages and assists consumers in finding an insurance broker. To obtain information about the insurers that offer coverage for consumers who own non-standard vehicles such as RHD vehicles, etc., you may visit the IBAO website at http://www.ibao.com to obtain the names of brokers in your area that specialize in offering coverage and would be in the best position to assist you with your insurance needs.



There are also a number of direct writer companies that offer insurance through agents. You may contact the Canadian Association of Direct Response Insurers, the organization that represents insurers selling and servicing property and casualty insurance products in Canada through direct response marketing and distribution systems, at 416-773-0101, or visit their website at www.cadri.com.



We trust this information is of assistance.



Sincerely,

FSCO Contact Centre Staff"

Hope this helps.

EvnEvlr

[Kunzz]

Found this on another website:http://forum.ih8mud.com/diesel-tech-...end-rhd-2.html

Well the FSCO (financial services commision of ontario) got back to me friday. A man by the name of TONY LYON. His comment-

"I have approved the underwriting rules of the insurance companies in ontario. Some (not all) have submitted the request NOT to insure RHD vehicles. I approved this rule based on "COMMON SENSE". No statistical information is required. We do not require companies to provide ANY EXPLAINATION for rules. If it makes sense to me, than that is ok."

He also stated that I should call the all of insurance companies listed in Ontario (on the FSCO website) because they have not ALL stopped insuring RHDs.

[RixR32]

Ya pretty standard response.
Pretty much telling you they can approve these declinations but not give a reason except "non-standard" vehicle. Wouldn't be non-standard if some underwriter, whatever, would categorize them. Every other province seems to have figured it out, and even divisions of these same companies in other provinces will cover RHD's no issue.
Like any other vehicle they just need a class.....not unlike the difference between a Mazda 3, and an Aston Martin.
Makes you wonder who's pockets these companies are in here in Ont, and why I think the FSCO is to blame.
That IBAO website is useless, no better than calling around to keep ending up at Facility and thier ungodly stupid rates.

I'm waiting on a response to mine, but who wants to wager it will be EXACTLY the same...
The only difference is I used my Pajero as an example as well, and the fact that many countires mix RHD/LHD, blah blah standard argument.

We'll see.