question on ONTARIO "fire and theft insurance" - Toyota Yaris Forums

marcus · 11-22-2012, 01:54 PM

my insurance company just told me if i insure another vehicle and not use the yaris i still need to pay over $100 just for fire and theft..and was told its not good to stop insurance... but really im keeping the insurance just insuring a different vehicle just for winter...i dont get why i need to pay or ever put an insurance on a car i dont use. and its fully paid by the way,

WeeYari · 11-22-2012, 04:03 PM

$100/month, or for total duration of the winter?

Did you check what the multi-vehicle discount would be by keeping minimum insurance on the Yaris? Chances are that the discount you'd receive would more than offset the cost of keeping minimum insurance on the Yaris.

You're dropping Collision and Liability coverages, the components of insurance that are required when the vehicle is in use. The insurance company is asking you to keep in place the component that covers you when the vehicle is not in use.

marcus · 11-23-2012, 01:34 PM

they said thats over $100 per month.. i cant do multi since the wife still got g2 and its gonna cost me alot..trying to insure the 2nd vehicle till she gets her g licence this summer..and park the yaris for 6 months..

Quote:

Originally Posted by WeeYari

$100/month, or for total duration of the winter?

Did you check what the multi-vehicle discount would be by keeping minimum insurance on the Yaris? Chances are that the discount you'd receive would more than offset the cost of keeping minimum insurance on the Yaris.

You're dropping Collision and Liability coverages, the components of insurance that are required when the vehicle is in use. The insurance company is asking you to keep in place the component that covers you when the vehicle is not in use.

Bluevitz-rs · 11-24-2012, 12:15 AM

Holy Geez!! I pay $6/month to keep fire/theft on my old '85 honda. The reason you want to keep the insurance on it is for the sake of building up your time insured with the company and eventually get a time based discount. If you plan on changing every year then it won't make any difference and you could save a hell of a lot of money.

MUSKOKA800 · 11-25-2012, 01:02 PM

That's crazy! It's got to be a mis-quote.
I pay about that much for full, in use coverage albeit not a Toronto address.

marcus · 01-22-2013, 05:20 PM

well apparently its not a misquote.. coz my brother in law just stocked his sti for winter and he is paying about $120 cnd per month just for fire and theft he was expecting $20 per month...

jayeh · 01-22-2013, 08:39 PM

Quote:

Originally Posted by marcus

well apparently its not a misquote.. coz my brother in law just stocked his sti for winter and he is paying about $120 cnd per month just for fire and theft he was expecting $20 per month...

I'm afraid to ask what the regular rate is!

marcus · 01-23-2013, 12:40 PM

Quote:

Originally Posted by jayeh

I'm afraid to ask what the regular rate is!

full coverage is only $210 ... its just ridiculous to pay $120 just for fire and theft...

jayeh · 01-23-2013, 07:26 PM

Quote:

Originally Posted by marcus

full coverage is only $210 ... its just ridiculous to pay $120 just for fire and theft...

Damn. I pay $120 a month in Ottawa.

yaris2010RS · 01-22-2013, 05:54 PM

I'd look for a different company.....

Viperoni · 01-27-2013, 07:26 PM

The Brampton, Mississauga and Toronto area have some of the highest insurance rates in North America.

Generally you'd want to keep fire and theft on the car, but if it's really not worth much, I'd take it off. You should not have any lapses in your coverage because your primary car will still have coverage on it.

SKurj · 02-11-2013, 06:44 PM

I am currently shopping for insurance as I am about to add a second car and relegate the Yaris to winters only. I was told the same by all of the companies I have so far contacted that fire and theft only isn't even an option anymore.
Now I am getting full coverage on both cars but storing each for 6 months of the year. While the car is in storage it will still have all of the coverage with the exception of accident benefits deduction of some sort. Basically I was told when I pull the car out of storage I would get a refund based on how many days in storage. For the Yaris it works out to something like $550 refund (would just be applied to my remaining payments)

I was quoted $2900 for 2 cars full coverage for the year, and after the refunds it would work out to not much more than I pay now for one car. ($165/month)

I am also in the GTA.

Viperoni · 02-11-2013, 08:58 PM

I pay $2100 a year for the Echo... full coverage, clean record, with multi car & multi policy discounts as well. It's brutal out here.

SKurj · 02-11-2013, 09:26 PM

I should add.. I am over 40

I did have a bad run 10 yrs ago with the only 2 at fault accidents I have ever had, happened to occur within 3 yrs.. I was paying 3500$ a yr basic coverage for a 10 yr old corolla that i paid $2800 for..

My insurance is only just starting to get reasonable. Prior to those accidents I was looking at less than $100/month.

johnny_vitz · 02-12-2013, 03:12 PM

I pay $9 per month for my 05' Echo's fire/theft, and thats in one of the worst postal codes in Hamilton...rates here are very high.

thebarber · 02-12-2013, 10:57 PM

I'm with TD meloche and they recently changed their insurance. When I have the vibe GT insured alone, I pay $1200year. When I had the yaris on f&t and the vibe GT full coverage I paid about $1000/ye. Now I need to put basic insurance on a second vehicle even if its parked. I guess there was some fraud happening around people who go to Florida for the winter (or similar) and coking back to a damaged car

I forget what the broker on the phone said, exactly, but you had to pay min coverage to drive it even parked and they'd reimburse you when you get it back on the road.

Its all a scam. Try parking it and.getting it covered under your house insurance...

marcus · 02-13-2013, 12:45 PM

ill just take the yaris off the road and insure the new used car...im not paying over $100 bucks a month for a car im not using...yaris will be out for a year..*sigh :(

11-22-2012, 01:54 PM	#1
marcus toyota View User's Garage Drives: 2007 Yaris RS Blazed Join Date: Oct 2006 Location: toronto, canada Posts: 3,637	question on ONTARIO "fire and theft insurance" my insurance company just told me if i insure another vehicle and not use the yaris i still need to pay over $100 just for fire and theft..and was told its not good to stop insurance... but really im keeping the insurance just insuring a different vehicle just for winter...i dont get why i need to pay or ever put an insurance on a car i dont use. and its fully paid by the way, __________________ If my calculations are correct, when this baby hits eighty-eight miles per hour... you're gonna see some serious shit!!!!!! "Horsepower is how fast you hit the object. Torque is how far you move that object.."

11-22-2012, 04:03 PM	#2
WeeYari View User's Garage Drives: 06 Polar White 5dr, 13 Soul 4u Join Date: Oct 2008 Location: Georgetown, Ontario, Canada Posts: 5,809	$100/month, or for total duration of the winter? Did you check what the multi-vehicle discount would be by keeping minimum insurance on the Yaris? Chances are that the discount you'd receive would more than offset the cost of keeping minimum insurance on the Yaris. You're dropping Collision and Liability coverages, the components of insurance that are required when the vehicle is in use. The insurance company is asking you to keep in place the component that covers you when the vehicle is not in use. __________________

11-25-2012, 01:02 PM	#5
MUSKOKA800 Drives: Scion FRS RS2, ‘21 Crosstrek Join Date: Oct 2008 Location: Chatham, Ontario, Canada Posts: 1,729	That's crazy! It's got to be a mis-quote. I pay about that much for full, in use coverage albeit not a Toronto address. __________________ TRD Upgrades: 18" Wheels wrapped in 215/35/18 PZero's, Sportivo Shocks/Struts, Lowering Springs, Swaybar, Axle-Back Exhaust, Oil Cap, Rad Cap, Signage. Aftermarket Goodies: Piggies SS, K&N Drop-In, Blitz S/C, DC Header, NST Pulley) Toyota Options/Accessories: Sport Pedal Covers, Sport Shift Knob, Ipod Interface, Summer Mats, Winter Mats, Cruise Control, Auto-Dim Mirror, Echo steelies with winter boots.

01-22-2013, 05:20 PM	#6
marcus toyota View User's Garage Drives: 2007 Yaris RS Blazed Join Date: Oct 2006 Location: toronto, canada Posts: 3,637	well apparently its not a misquote.. coz my brother in law just stocked his sti for winter and he is paying about $120 cnd per month just for fire and theft he was expecting $20 per month... __________________ If my calculations are correct, when this baby hits eighty-eight miles per hour... you're gonna see some serious shit!!!!!! "Horsepower is how fast you hit the object. Torque is how far you move that object.."

01-22-2013, 05:54 PM	#10
yaris2010RS View User's Garage Drives: no-longer-boosted '10 Yaris Join Date: Nov 2009 Location: Angus, Ontario Posts: 1,891	I'd look for a different company..... __________________ If it has boobs or wheels sooner or later your gonna have problems with it

11-24-2012, 12:15 AM	#4
Bluevitz-rs 1NZ-6spd View User's Garage Drives: '05 6-Spd Vitz RS Join Date: Oct 2008 Location: Oshawa, Ontario, Canada Posts: 2,967	Holy Geez!! I pay $6/month to keep fire/theft on my old '85 honda. The reason you want to keep the insurance on it is for the sake of building up your time insured with the company and eventually get a time based discount. If you plan on changing every year then it won't make any difference and you could save a hell of a lot of money.

01-27-2013, 07:26 PM	#11
Viperoni Drives: 2005 Toyota Echo Join Date: Aug 2010 Location: Brampton, ON Posts: 505	The Brampton, Mississauga and Toronto area have some of the highest insurance rates in North America. Generally you'd want to keep fire and theft on the car, but if it's really not worth much, I'd take it off. You should not have any lapses in your coverage because your primary car will still have coverage on it. __________________ 2006 Saturn Ion Redline 2005 Toyota Echo RS 4dr hatch - Cyl #3 bad - sold 2000 Toyota Echo 2dr coupe - The track car - rusty & scrapped

02-11-2013, 06:44 PM	#12
SKurj Drives: 09 Yaris 3dr HB, BRZ Join Date: Mar 2011 Location: GTA Posts: 222	I am currently shopping for insurance as I am about to add a second car and relegate the Yaris to winters only. I was told the same by all of the companies I have so far contacted that fire and theft only isn't even an option anymore. Now I am getting full coverage on both cars but storing each for 6 months of the year. While the car is in storage it will still have all of the coverage with the exception of accident benefits deduction of some sort. Basically I was told when I pull the car out of storage I would get a refund based on how many days in storage. For the Yaris it works out to something like $550 refund (would just be applied to my remaining payments) I was quoted $2900 for 2 cars full coverage for the year, and after the refunds it would work out to not much more than I pay now for one car. ($165/month) I am also in the GTA.

02-11-2013, 08:58 PM	#13
Viperoni Drives: 2005 Toyota Echo Join Date: Aug 2010 Location: Brampton, ON Posts: 505	I pay $2100 a year for the Echo... full coverage, clean record, with multi car & multi policy discounts as well. It's brutal out here. __________________ 2006 Saturn Ion Redline 2005 Toyota Echo RS 4dr hatch - Cyl #3 bad - sold 2000 Toyota Echo 2dr coupe - The track car - rusty & scrapped

02-11-2013, 09:26 PM	#14
SKurj Drives: 09 Yaris 3dr HB, BRZ Join Date: Mar 2011 Location: GTA Posts: 222	I should add.. I am over 40 I did have a bad run 10 yrs ago with the only 2 at fault accidents I have ever had, happened to occur within 3 yrs.. I was paying 3500$ a yr basic coverage for a 10 yr old corolla that i paid $2800 for.. My insurance is only just starting to get reasonable. Prior to those accidents I was looking at less than $100/month.

02-12-2013, 03:12 PM	#15
johnny_vitz Drives: 2005 Toyota Echo Join Date: Sep 2010 Location: Hamilton, Canada Posts: 259	I pay $9 per month for my 05' Echo's fire/theft, and thats in one of the worst postal codes in Hamilton...rates here are very high. __________________ 05' Echo Hatch - Greddy Supercharger - rear disc

02-12-2013, 10:57 PM	#16
thebarber daily driver View User's Garage Drives: the #wrecho Join Date: Jun 2006 Location: Grand Rapids, MI Posts: 5,877	I'm with TD meloche and they recently changed their insurance. When I have the vibe GT insured alone, I pay $1200year. When I had the yaris on f&t and the vibe GT full coverage I paid about $1000/ye. Now I need to put basic insurance on a second vehicle even if its parked. I guess there was some fraud happening around people who go to Florida for the winter (or similar) and coking back to a damaged car I forget what the broker on the phone said, exactly, but you had to pay min coverage to drive it even parked and they'd reimburse you when you get it back on the road. Its all a scam. Try parking it and.getting it covered under your house insurance... __________________

02-13-2013, 12:45 PM	#17
marcus toyota View User's Garage Drives: 2007 Yaris RS Blazed Join Date: Oct 2006 Location: toronto, canada Posts: 3,637	ill just take the yaris off the road and insure the new used car...im not paying over $100 bucks a month for a car im not using...yaris will be out for a year..sigh :( __________________ If my calculations are correct, when this baby hits eighty-eight miles per hour... you're gonna see some serious shit!!!!!!* "Horsepower is how fast you hit the object. Torque is how far you move that object.."