Insurance Gap



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Thread: Insurance Gap

  1. #1

    Insurance Gap

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    Currently riding Ninja300, I have a buyer for my bike and possibly looking to upgrade to 600CC supersport (Most likely CBR600RR). I was playing with Dalton online quote but won't let me get quote unless I am 30 y/o and my M2 license is at least 1year. If I put my age as if I am 30, I would be paying $95/month for just liability which is very decent price. I am turning 30 this coming December and my M2 will be 1yr in July.

    I would not mind taking a time off this season and wait until I turn 30 to insure/buy new bike, but if I sold my bike say this week, I would have about 6 month gap in my insurance coverage. Am I going to get screwed?

  2. #2

    Re: Insurance Gap

    $95/month on CBR600RR?? I don't believe it for a second.

    Speak to someone in person and lock in the quote before making this move imo.
    14' GROM - Stretched & slammed beast
    17' FZ09 - Totaled by a left turner
    15' R3 - Sold but missed.
    "Don't confuse my attitude with my personality. My personality is who i am, my attitude depends on who you are."

  3. #3

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    Re: Insurance Gap

    A ninja 300 is probably the easiest bike to sell in Canada if priced right. I would keep your current bike until you actually turn 30 and get a price from an real person. In my experience, online quote systems are so far off that a random number generator is probably just as effective at determining potential insurance rates.

    I am with Evoex, $95/mo seems very low assuming you are somewhere near the GTA.
    Last edited by GreyGhost; 06-04-2018 at 11:57 AM.

  4. #4

    Re: Insurance Gap

    I agree, seems very cheap for a supersport but my friend who is the same age as me is paying less through allstate but he has his auto insurance with them as well. I could not get into allstate due to previous 50/50 at fault auto claim 4 years ago though.
    My next option is to get Ninja 650 which I would be paying $135/month, $45 more than what I pay for my Ninja 300

  5. #5

    Re: Insurance Gap

    Quote Originally Posted by chinoxii View Post
    I agree, seems very cheap for a supersport but my friend who is the same age as me is paying less through allstate but he has his auto insurance with them as well. I could not get into allstate due to previous 50/50 at fault auto claim 4 years ago though.
    My next option is to get Ninja 650 which I would be paying $135/month, $45 more than what I pay for my Ninja 300
    If you want to keep up with the big boys perhaps look at fz07/fz09. Same (better imo due to torque tuned engines) performance and will be way cheaper on insurance.
    14' GROM - Stretched & slammed beast
    17' FZ09 - Totaled by a left turner
    15' R3 - Sold but missed.
    "Don't confuse my attitude with my personality. My personality is who i am, my attitude depends on who you are."

  6. #6
    Riceburner's Avatar
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    Re: Insurance Gap

    How long have you been riding? Short time, then keep the bike and keep riding....thus keeping the ins. continuous....and keeping/improving your skills.

  7. #7
    PLau's Avatar
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    Re: Insurance Gap

    Quote Originally Posted by chinoxii View Post
    Currently riding Ninja300, I have a buyer for my bike and possibly looking to upgrade to 600CC supersport (Most likely CBR600RR). I was playing with Dalton online quote but won't let me get quote unless I am 30 y/o and my M2 license is at least 1year. If I put my age as if I am 30, I would be paying $95/month for just liability which is very decent price. I am turning 30 this coming December and my M2 will be 1yr in July.

    I would not mind taking a time off this season and wait until I turn 30 to insure/buy new bike, but if I sold my bike say this week, I would have about 6 month gap in my insurance coverage. Am I going to get screwed?
    Quote Originally Posted by chinoxii View Post
    I agree, seems very cheap for a supersport but my friend who is the same age as me is paying less through allstate but he has his auto insurance with them as well. I could not get into allstate due to previous 50/50 at fault auto claim 4 years ago though.
    My next option is to get Ninja 650 which I would be paying $135/month, $45 more than what I pay for my Ninja 300
    Something isn't really adding up.

    The CBR600RR would cost you $95/mo if you waited until you're 30.
    The Ninja 650 would cost you $135/mo BUT is $45 more than what you're currently paying for your Ninja 300.
    You're currently paying $90/mo for your Ninja 300?

    I doubt the CBR600RR would cost less than the Ninja 650 as well as only $5/mo more than your Ninja 300.

    Is the quote for the Ninja 650 a "If you were 30" quote, or current?

    Call insurance brokers/agents to get a definitive number. They can and most likely will give you hypothetical quotes "if you were 30".
    2007 Black CBR125 - SOLD!

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  8. #8
    roadrash's Avatar
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    Re: Insurance Gap

    Quote Originally Posted by chinoxii View Post
    Currently riding Ninja300, I have a buyer for my bike and possibly looking to upgrade to 600CC supersport (Most likely CBR600RR). I was playing with Dalton online quote but won't let me get quote unless I am 30 y/o and my M2 license is at least 1year. If I put my age as if I am 30, I would be paying $95/month for just liability which is very decent price. I am turning 30 this coming December and my M2 will be 1yr in July.

    I would not mind taking a time off this season and wait until I turn 30 to insure/buy new bike, but if I sold my bike say this week, I would have about 6 month gap in my insurance coverage. Am I going to get screwed?
    Dalton Timmis' online quote estimator is broken when it comes to SS. I was getting unbelievable quotes too, till I called in. Turned out they couldn't even insure me, forget about quotes.

    Similar problem with TD, and Mitchel Whale.

    Lesson here is always call with a VIN, and force your broker to confirm with the underwriter. They can provide all the quotes they want, but underwriter has the final say and can reject anything they don't like.
    Last edited by roadrash; 06-05-2018 at 01:27 PM.

  9. #9

    Re: Insurance Gap

    Quote Originally Posted by roadrash View Post
    Dalton Timmis' online quote estimator is broken when it comes to SS. I was getting unbelievable quotes too, till I called in. Turned out they couldn't even insure me, forget about quotes.

    Similar problem with TD, and Mitchel Whale.

    Lesson here is always call with a VIN, and force your broker to confirm with the underwriter. They can provide all the quotes they want, but underwriter has the final say and can reject anything they don't like.
    +1

    Based on my experience searching for insurance on my 750 and speaking with Ronn Calderon at Dalton directly, there's no way they will give you a reasonable quote (let alone insure you) as a new rider on an SS. Online quote systems 9/10 are drastically incorrect. TD probably has the best/most accurate online quote system to ACTUAL quote balance I've seen; which is surprising.

    Your best bet in my experience is Allstate if you can bundle home+auto, ONCE you hit 30 (check with Matthew Camacho). TD might also be one of the cheaper places, however their service is probably some of the worst out there to deal with, it's a call center, if you can stay FAR way.

  10. #10

    Re: Insurance Gap

    Yes, current rate for 650 and 300

    I am done with SS for now, lol even TD online quote is giving me a decent number for SS bikes, $1900 a year but when I called, I was told it's $3300.

    LOL damnit!! Always keeping my hopes up. Any other company I should try before I buy the 650??

  11. #11
    roadrash's Avatar
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    Re: Insurance Gap

    Quote Originally Posted by chinoxii View Post
    Yes, current rate for 650 and 300

    I am done with SS for now, lol even TD online quote is giving me a decent number for SS bikes, $1900 a year but when I called, I was told it's $3300.

    LOL damnit!! Always keeping my hopes up. Any other company I should try before I buy the 650??
    Allstate if you can bundle house and car.

    I had the same experience with TD.

    Edit: not having M may not work with allstate
    Last edited by roadrash; 06-07-2018 at 12:02 PM.

  12. #12

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    Re: Insurance Gap

    Was with Dalton Timmis last season and when I sold my bike I cancelled insurance in March 2018. Come May I want a bike again and my rates shot up $200-300/year for no reason.

    Called TD MELOCHE and the identical bikes with same coverage are almost half the price. I asked them about the gap in insurance and they told me they don’t care.

    2010 Shadow RS ... DT @ 1382/year and TD @ 750/year.

    2013 CB500F (Guess considering the pattern of 2x cc...next bike must be a 1000!)
    2011 CBR250R
    2008 CBR125R (Enjoyed...sold...not forgotten)

  13. #13

    Re: Insurance Gap

    Quote Originally Posted by chinoxii View Post
    Yes, current rate for 650 and 300

    I am done with SS for now, lol even TD online quote is giving me a decent number for SS bikes, $1900 a year but when I called, I was told it's $3300.

    LOL damnit!! Always keeping my hopes up. Any other company I should try before I buy the 650??
    No one is going to give you a break on the SS heh.
    14' GROM - Stretched & slammed beast
    17' FZ09 - Totaled by a left turner
    15' R3 - Sold but missed.
    "Don't confuse my attitude with my personality. My personality is who i am, my attitude depends on who you are."

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