Young Riders (16-24yo) -- What are you paying for insurance? | Page 4 | GTAMotorcycle.com

Young Riders (16-24yo) -- What are you paying for insurance?

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OPERATOR:
Operator Age: 18
Years Licensed on Motorcycle: 2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L5M

MOTORCYCLE:
Year of Bike: 2010
Make of Bike: YAMAHA
Model of Bike: FZ6R
Displacement (CC): 600cc

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Desjardin
Did you purchase Collision coverage (Y/N)? N
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $735.00​



Please note, I am very lucky in that my father has his motorcycle license as well and I'm assigned as a SECONDARY DRIVER. This is possible because we both live under the same roof and have only one motorcycle owned. The FZ6R though a sporty bike, is classified as a SPORTS TOURING bike. Expect to pay in the low 1000s otherwise!
 
OPERATOR:
Operator Age:18
Years Licensed on Motorcycle:2 1/2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L7G

MOTORCYCLE:
Year of Bike: 1982
Make of Bike: Honda
Model of Bike: Twinstar(CM200T)
Displacement (CC): 200CC(194CC)

MOTORCYCLE:
Year of Bike: 2008
Make of Bike: Kymco
Model of Bike: Vitality 50 2T (scooter)
Displacement (CC): 50CC (49cc)

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Certas Direct(Both Bikes)
Did you purchase Collision coverage (Y/N)? N
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? N
Annual Premium: $797 - For the Honda | $293 - For the Kymco(scooter)


I'm quite surprised about the prices I pay. Figured they'd be much higher than what I'm paying.

Also.. Vintage bikes are the best.. but horrible to find insurance for.
 
OPERATOR:
Operator Age: 24
Years Licensed on Motorcycle: 3
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: (sorry not posting this so, north-east area of north york)

MOTORCYCLE:
Year of Bike: 2008
Make of Bike: Suzuki
Model of Bike: Gsxr 600
Displacement (CC): 600

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Statefarm
Did you purchase Collision coverage (Y/N)? No
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Yes
Annual Premium: $3100 (just dropped this month used to be $3600)
 
cpgop said:
OPERATOR:
Operator Age:18
Years Licensed on Motorcycle:2 1/2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L7G

MOTORCYCLE:
Year of Bike: 1982
Make of Bike: Honda
Model of Bike: Twinstar(CM200T)
Displacement (CC): 200CC(194CC)

MOTORCYCLE:
Year of Bike: 2008
Make of Bike: Kymco
Model of Bike: Vitality 50 2T (scooter)
Displacement (CC): 50CC (49cc)

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Certas Direct(Both Bikes)
Did you purchase Collision coverage (Y/N)? N
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? N
Annual Premium: $797 - For the Honda | $293 - For the Kymco(scooter)


I'm quite surprised about the prices I pay. Figured they'd be much higher than what I'm paying.

Also.. Vintage bikes are the best.. but horrible to find insurance for.
Click to expand...

Who's your broker? If I could insure a little runaround bike (like the scooter) for $300/year I'd totally have a new toy!
 
So essentially it's your dad's bike not yours and I suspect you'll be riding it more frequent that him (if he will ride it). All and all, it's a very nice amount for your age if things go well.
vpetkar said:

OPERATOR:
Operator Age: 18
Years Licensed on Motorcycle: 2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L5M

MOTORCYCLE:
Year of Bike: 2010
Make of Bike: YAMAHA
Model of Bike: FZ6R
Displacement (CC): 600cc

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Desjardin
Did you purchase Collision coverage (Y/N)? N
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $735.00​



Please note, I am very lucky in that my father has his motorcycle license as well and I'm assigned as a SECONDARY DRIVER. This is possible because we both live under the same roof and have only one motorcycle owned. The FZ6R though a sporty bike, is classified as a SPORTS TOURING bike. Expect to pay in the low 1000s otherwise!
Click to expand...
 
drumstyx said:
Who's your broker? If I could insure a little runaround bike (like the scooter) for $300/year I'd totally have a new toy!
Click to expand...

I went through Desjardin(Certas Direct is their Underwriter/name on the slip), scooters/50cc's are fun, and gave me something to drive for 2 ish years until my insurance dropped. Considering I was 16 at the time. Hope this helps you get a new toy :)
 
cpgop said:
I went through Desjardin(Certas Direct is their Underwriter/name on the slip), scooters/50cc's are fun, and gave me something to drive for 2 ish years until my insurance dropped. Considering I was 16 at the time. Hope this helps you get a new toy :)
Click to expand...

Do you have a car insured with them as well?
 
OPERATOR:
Operator Age: 22
Years Licensed on Motorcycle: 1 1/2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: Toronto

MOTORCYCLE:
Year of Bike: 2011
Make of Bike: Kawasaki
Model of Bike: Ninja 650R
Displacement (CC): 649cc

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Personel
Did you purchase Collision coverage (Y/N)? N

Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? N
Annual Premium: $ 2700.00

If
1. your stats are similar to mine
2. you think my quote is good
3. you can't get anything better

PM me. I can probably help ya out ;)
 
OPERATOR:
Operator Age: 28
Years Licensed on Motorcycle: 10 months with M2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: M5J

MOTORCYCLE:
Year of Bike: 2013
Make of Bike: Mv Agusta
Model of Bike: F3
Displacement (CC): 675

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Statefarm
Did you purchase Collision coverage (Y/N)? Y
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $3005 (Incl. life insurance)

I've been told that SF doesn't care what license you have and premiums don't go down when going from M2 to M. Is this true?
 
OPERATOR:
Operator Age: 24
Years Licensed on Motorcycle: 2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L7L

MOTORCYCLE:
Year of Bike: 2007
Make of Bike: Suzuki
Model of Bike: DR-Z400SM
Displacement (CC): 400cc

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Desjardins
Did you purchase Collision coverage (Y/N)? No
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Yes
Annual Premium: $1049

*** NEWER RIDERS: Must have moto-school certificate to be a candidate...
*** Would have been $921/yr for liability only.
***Last year was with statefarm, 2006 Honda cbr600rr, liability only/bike only, 3400/yr. Bye Bye SS... Couldn't be happier with the DRZ!!!

KarGo said:
**** ya! my renewal form just came, my insurance decreased 300$ to 1050
Going to call around since some of you have cheap rates with TD and statefarm
Click to expand...

I'm not sure that we will see any lower rates than this! Our age/stats are similar, I just finished shopping around and desjardins was offering minimum 500$ less than anywhere else I contacted.
 
justinrr said:
operator:
Operator age: 23
years licensed on motorcycle: 4
number of claims in last 6 years: 0
number of convictions in last 3 years: 2
first 3 characters of postal code: M2n

motorcycle:
Year of bike: 2011
make of bike: Bmw
model of bike: S1000rr
displacement (cc): 1000

premium:insurance company (listed on the pink slip, not the broker): Security
did you purchase collision coverage (y/n)? Y
did you purchase comprehensive (i.e. Fire & theft) coverage (y/n)? Y
annual premium: $7500
Click to expand...

baaalllaaaaa
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