Insurance sucks for new riders:(

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Originally Posted by mo-gsxr

if u live with ur parents get them to get their m1 and go under their name as a secondary.

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This is insurance fraud, and no company would ever allow a young operator as a secondary anyway.

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Originally Posted by Lory_cbr

thx everyone who posted..... i decided to wait.....and learn first year....i can ride it on a street behind my house....close street and no traffic....today was actually my first day leaving the driveway:D i made some progress...anyways i wasnt ready to go on the road..:D so im ok i can still ride it...and by june i will go get my m2 ..:D july going vacation...:D so august and september im gonna still ride and next year hopefully im gonna get a better quote for insurance:d

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Don't let your bike touch the street until it is insured, even if that street appears to be deserted.

how would it be insurance fraud?

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Originally Posted by mo-gsxr

how would it be insurance fraud?

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Because you are the main operator, not your folks. I'm sure they could prove it somehow as well.

This is my signature

To the original poster:

This is Ontario, insurance sucks for everyone at all times, except the insurance companies.

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Originally Posted by mo-gsxr

how would it be insurance fraud?

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If you lie to your insurer on your insurance application, this is "misrepresentation of risk" fraud.

I'm actually insuring my 08 CBR125R on Monday, I spoke to Jevco on Friday and he told me that the quote went up from $25XX to $33XX (liability only)

Male, 21, M1 in March, 1 speeding ticket. I pretty much have everything set except for insurance so there's no turning back for me!

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Originally Posted by unoR

I'm actually insuring my 08 CBR125R on Monday, I spoke to Jevco on Friday and he told me that the quote went up from $25XX to $33XX (liability only)

Male, 21, M1 in March, 1 speeding ticket. I pretty much have everything set except for insurance so there's no turning back for me!

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Dude, on your behalf, I feel like committing mass insurance industry genocide. Holy ****, that's the kind of highway robbery highway robbers themselves get held up at gunpoint for. The cost of that bike isn't even worth one year's worth of insurance. The mathematics suggest that Jevco expects you to total your bike within one year and cause $200k worth of damages, plus pay their expenses for providing you the "service" of insuring you.

CBR125R is basically a bicycle with a motor, how the HELL do they expect $200k plus a total writeoff within one year.

Insurance: You're so full of **** you make a **** factory look like it's deprived of all the **** in the universe.

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Originally Posted by viper84737

The cost of that bike isn't even worth one year's worth of insurance. The mathematics suggest that Jevco expects you to total your bike within one year and cause $200k worth of damages, plus pay their expenses for providing you the "service" of insuring you.

CBR125R is basically a bicycle with a motor, how the HELL do they expect $200k plus a total writeoff within one year.

Insurance: You're so full of **** you make a **** factory look like it's deprived of all the **** in the universe.

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I read rants like this and have to laugh. You've based your mathematics on entirely the wrong cost items. The cost of fixing or replacing your bike has very little to do with the cost of insurance.

The biggest cost factor in your motorcycle insurance is costs incurred to fix YOU after a crash, to pay for your caregivers, your basic income replacement when YOU get hurt, or the death benefit when you get more than hurt. The costs associated with even a minor injury can far outstrip the value of your bike, never mind if your injuries are serious enough to require a long period of convalescence or even life-long disability support. Another big cost factor is the liability incurred when YOU cause serious injury to a third party, whether that third party is your passenger or someone else on the street.

The cost of the bike itself is almost inconsequential in the greater scheme of things, but by all means rant away. I'll just laugh.

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Originally Posted by turbodish

I read rants like this and have to laugh. You've based your mathematics on entirely the wrong cost items. The cost of fixing or replacing your bike has very little to do with the cost of insurance.

The biggest cost factor in your motorcycle insurance is costs incurred to fix YOU after a crash, to pay for your caregivers, your basic income replacement when YOU get hurt, or the death benefit when you get more than hurt. The costs associated with even a minor injury can far outstrip the value of your bike, never mind if your injuries are serious enough to require a long period of convalescence or even life-long disability support. Another big cost factor is the liability incurred when YOU cause serious injury to a third party, whether that third party is your passenger or someone else on the street.

The cost of the bike itself is almost inconsequential in the greater scheme of things, but by all means rant away. I'll just laugh.

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Nicer than I would have put it. +1.

I looked around and paid $120 a month for my first bike which is a 250cc ninja. I had no experience, was 22 at the time but no speeding tickets or anything on my record. I went through State Farm. I did find however that different SF agents gave different rates so it does pay to look around. One year later I'm looking at 600cc bikes and the cheapest rates I can find seem to be around $220-240 a month :( Might wait on that.

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Originally Posted by unoR

I'm actually insuring my 08 CBR125R on Monday, I spoke to Jevco on Friday and he told me that the quote went up from $25XX to $33XX (liability only)

Male, 21, M1 in March, 1 speeding ticket. I pretty much have everything set except for insurance so there's no turning back for me!

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Your M1 is hurting you. Do the course and get your M2 and see how your rates improve. If they're still lousy, you'll have to put up with sitting on your license for a year to "build up that experience" just like everyone else.

Give TDMM a shot. $1300 liability only for an 09 Ninja 250, 21, DM2 with a clean record... in BRAMPTON.

^ I just insured the bike. I don't mind as I can afford it and its within the budget I set out for :)

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Originally Posted by Jay88

I did find however that different SF agents gave different rates so it does pay to look around.

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They were quoting you different levels of coverage then. The agent is not allowed to deviate from their rating manual/calculator that is filed with the regulator.

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Originally Posted by unoR

I'm actually insuring my 08 CBR125R on Monday, I spoke to Jevco on Friday and he told me that the quote went up from $25XX to $33XX (liability only)

Male, 21, M1 in March, 1 speeding ticket. I pretty much have everything set except for insurance so there's no turning back for me!

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Don't do it man, a 125cc is not worth paying 4 figures.

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Originally Posted by Deimos

Don't do it man, a 125cc is not worth paying 4 figures.

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What is riding worth to a noob? Got to start somewhere. I would agree that its high.


This is my signature

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Originally Posted by Deimos

Don't do it man, a 125cc is not worth paying 4 figures.

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So paying 1 grand for a 125 is not worth it? Buy a bike, any bike, and then be told that you gotta wait a year in order to get reasonable quotes. Im willing to ride a 50cc, pink, with hello kitty graphics on it at this point.

The one year rule is ###### bul##### btw. Hey look at me, im more patient because i can wait for a year, and forget everything I learned in training --> way lower risk IMO

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Originally Posted by ShaqX7

So paying 1 grand for a 125 is not worth it? Buy a bike, any bike, and then be told that you gotta wait a year in order to get reasonable quotes. Im willing to ride a 50cc, pink, with hello kitty graphics on it at this point.

The one year rule is ###### bul##### btw. Hey look at me, im more patient because i can wait for a year, and forget everything I learned in training --> way lower risk IMO

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Its not meant to be a system where when you're patient and wait a year, you're seen as a more experienced rider. Its meant to be a system where in that year, you're riding and gain experience thus becoming less of a risk. I find that system messed up but rather have that than paying first year rates yearly.

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Originally Posted by PLau

Its not meant to be a system where when you're patient and wait a year, you're seen as a more experienced rider. Its meant to be a system where in that year, you're riding and gain experience thus becoming less of a risk. I find that system messed up but rather have that than paying first year rates yearly.

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Also, if you're calling a broker, they're probably providing you with a quote with another company as being under 21 with less than 1 year riding experience, you don't qualify for Jevco.

Ooops... Accidently quoted myself lol

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Originally Posted by PLau

Its not meant to be a system where when you're patient and wait a year, you're seen as a more experienced rider. Its meant to be a system where in that year, you're riding and gain experience thus becoming less of a risk. I find that system messed up but rather have that than paying first year rates yearly.

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Precisely. Jevco used to make you have one year of insured experience, but that relaxed that definition to simply one year licensed (although I'm not sure why). I agree that it's a stupid rule, but it certainly works to the advantage of patient new riders who want to exploit the system to get cheaper rates.