Paying insurance when not riding? | GTAMotorcycle.com

Paying insurance when not riding?

bigpoppa

bigpoppa

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Hey guys, i was initially thinking of maybe financing a bike, but now im not sure if thats the best idea, and am now looking instead at just saving up for a couple of months and buying the bike outright with just cash

In addition I will probably be saving some money buying it in the offseason, when the motorcycle market isnt so hot(around winter time)

My question is by then the riding season will be pretty much over, do i still have to get the bike insured if i buy it in the middle of winter and its just sitting in the garage? Or can i just wait till next years season to insure it?
 
Pay it in full and the bike can just sit.

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You're not forced to insure a fully owned / non financed bike, you just can't ride if it it's not insured.

You could inquire about basic theft coverage for the winter with your eventual insurer of choice, and then add on the liability portion when you're ready to ride. Theft alone is dirt cheap (especially if you have a garage as mentioned, so it's considered "secure") and it will give you a little peace of mind.

If you finance the financing company will almost certainly require proof of full coverage before you even pickup the bike.

You are effectively only delaying the inevitable however, motorcycle insurance works on 12
month terms so you'll be paying the following off season anyways. ;)
 
Joe Bass said:
Pay it in full and the bike can just sit.

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so i wont have to pay insurance till i start riding it next season??


(and this would NOT be the case had i financed it? Riding it or not, i would have to pay insurance for it just sitting in the garage in the winter?)
 
PrivatePilot said:
You're not forced to insure a fully owned / non financed bike, you just can't ride if it it's not insured.

You could inquire about basic theft coverage for the winter with your eventual insurer of choice, and then add on the liability portion when you're ready to ride. Theft alone is dirt cheap (especially if you have a garage as mentioned, so it's considered "secure") and it will give you a little peace of mind.

If you finance the financing company will almost certainly require proof of full coverage before you even pickup the bike.

You are effectively only delaying the inevitable however, motorcycle insurance works on 12
month terms so you'll be paying the following off season anyways. ;)
Click to expand...



oh that answers my question :)


Yeah i'll be delaying the inevitable but it will make me feel better :p
 
Last edited:
You don't pay much insurance during the non riding months.

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samurai said:
You don't pay much insurance during the non riding months.

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Click to expand...

On a 12 month policy your payments remain the same, it's just that they are weighted towards summer months coverage.
 
Yes, it doesn't make difference when you start insurance during the year and it doesn't make sense to cancel during off season months. If you sell your bike and buy a new one in October (a bigger and faster bike) and your policy renews in March. You won't see much increase in insurance from Oct to march but you will see the actual increase when the policy renews in March (for the next year)
 
Just got safeco ins after having full coverage with Harley ins cause bike is financed. Same coverage as harley finance ins. Harley ins. a yr.$875.00, Safeco$175.00, and i live in Wa.

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