PDA

View Full Version : HELP ! new rider

adrian
11-14-2007, 10:46 PM
Hi there,
hope someone can help me !
I just got my M1 and I tried to get some quotes for the byke I just bought. WOW ! the lowest one was 1600/yr. and only payable in full. (no monthly payments) can someone tell me why ? is there any hope for me to get a lower rate ? :(
and I really need to get it insured so I can get it licensed before the safety certificate expires
so there is some data on me:

got M1 last week
got my G1 an G this april
I'm 28
never got a motorcycle insurance
my only auto insurance dates from april this year
the byke is a 81 honda gl500

Thanks, I'll be waiting for advices, opinions..... anything ! ;)
MG
11-14-2007, 11:11 PM
honestly man, most places require that you pay the full amount, thats just how it is with bikes. Also, consider yourself lucky that 1800 was your quote. Im 18 and paying 3000 for a 04 cbr600rr...
k1LO
11-15-2007, 12:06 AM
Hi there,
hope someone can help me !
I just got my M1 and I tried to get some quotes for the byke I just bought. WOW ! the lowest one was 1600/yr. and only payable in full. (no monthly payments) can someone tell me why ? is there any hope for me to get a lower rate ? :(
and I really need to get it insured so I can get it licensed before the safety certificate expires
so there is some data on me:

got M1 last week
got my G1 an G this april
I'm 28
never got a motorcycle insurance
my only auto insurance dates from april this year
the byke is a 81 honda gl500

Thanks, I'll be waiting for advices, opinions..... anything ! ;)

StateFarm will do monthly payments...
DarylMac
11-15-2007, 12:12 AM
honestly man, most places require that you pay the full amount, thats just how it is with bikes. Also, consider yourself lucky that 1800 was your quote. Im 18 and paying 3000 for a 04 cbr600rr...

Where the heck are you insured that sounds damn low for a CBR and you being 18.
Im 19, 88 600 katana is gonna run me 2k$ a year
MG
11-15-2007, 12:38 AM
Where the heck are you insured that sounds damn low for a CBR and you being 18.
Im 19, 88 600 katana is gonna run me 2k$ a year

the place is called Tribute, the guy is called Mike... he hooked me up with 3000 a year, upfront... not too bad, still a lot, but could be much worse...
adrian
11-15-2007, 06:35 AM
StateFarm will do monthly payments...

they won't insure me unless I have 5 yrs auto insurance :(
adrian
11-15-2007, 06:37 AM
honestly man, most places require that you pay the full amount, thats just how it is with bikes. Also, consider yourself lucky that 1800 was your quote. Im 18 and paying 3000 for a 04 cbr600rr...

yeah that's a lot, but still, I am 28 and my byke is almost my age :D and cruiser and 499 cc !
SLaP
11-15-2007, 10:14 AM
Did you try Meloche Monnex. You may need to have a car insured with them and be a member of certain alumni groups or professional associations
With Melloch Monnex you pay in 6 installments. Also if you were looking for coverage now, it would be pro-rated and you would pay something like ~$100 from now until february (year is Feb to Feb).
Insurance Guy
11-15-2007, 10:55 AM
Hi there,
hope someone can help me !
I just got my M1 and I tried to get some quotes for the byke I just bought. WOW ! the lowest one was 1600/yr. and only payable in full. (no monthly payments) can someone tell me why ? is there any hope for me to get a lower rate ? :(
and I really need to get it insured so I can get it licensed before the safety certificate expires
so there is some data on me:

got M1 last week
got my G1 an G this april
I'm 28
never got a motorcycle insurance
my only auto insurance dates from april this year
the byke is a 81 honda gl500

Thanks, I'll be waiting for advices, opinions..... anything ! ;)

My rate would be $1561 for $1M liability with a three payment plan. Based on current rates that would drop to $947 in year two assuming a clear record and then $515 @ age 30.

Brian
adrian
11-15-2007, 11:22 AM
My rate would be $1561 for $1M liability with a three payment plan. Based on current rates that would drop to $947 in year two assuming a clear record and then $515 @ age 30.

Brian

hmmm.. interesting..... Will I get a discount after I get my M2 ? I am planning to get it as soon as possible (most likely spring since there are no more courses :( this season)