Jeez, after reading some of this I feel pretty bad for you Canadians, at least in that area. You're getting absolutely boned by insurance companies. I pay $40/month for both my ZX6R and CBR500R, with full coverage and comprehensive, and a $500 deductible. It'd be even less if I would've went with the $1000 deductible.
When I had my brand new Ducati 1198 that I bought at age 22, I was paying about $70/month, and that dropped substantially after I turned 25. I thought it was pretty good all things considered.
Now if only we could get your healthcare rates here in the US....
2007 ZZR600 (sold)
2006 CBR600 (sold)
2010 1198 (parted out across North America)
2013 CBR500R (race bike)
2009 ZX6R (race bike)