17 Years just got M1, first bike (insurance question)

G

gixxer93

Member
I just got my M1 and I need to figure out what bike to get. The real problem is here is trying to find a bike that will get me a relatively low rate.
So far all I've figured out is,
- Getting a bike with lower CC will usually mean a lower rate.
- Sport bikes older than 1995 are classified as standard rather than sport. No 425% surcharge (meaning they're cheaper)
But is there anything else?
Would a older bike get me a lower rate? Would there be any difference between a 1994 standard and a 85? That type of thing.
Since it takes 60 days to get an M2, If I got it would it get me a lower rate?
What type of Bike should I get for my first?
Bear in mind I'm focusing on LOW and CHEAP insurance.

Btw I know already about drivers training courses and security devices to lower insurance, I'm focusing more on the bike itself. And i'll be getting my G2 in November.

Any help would be great.
 
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gixxer93 said:
I just got my M1 and I need to figure out what bike to get. The real problem is here is trying to find a bike that will get me a relatively low rate.
So far all I've figured out is,
- Getting a bike with lower CC will usually mean a lower rate.
- Sport bikes older than 1995 are classified as standard rather than sport. No 425% surcharge (meaning they're cheaper)
But is there anything else?
Would a older bike get me a lower rate? Would there be any difference between a 1994 standard and a 85? That type of thing.
Since it takes 60 days to get an M2, If I got it would it get me a lower rate?
What type of Bike should I get for my first?
Bear in mind I'm focusing on LOW and CHEAP insurance.

Btw I know already about drivers training courses and security devices to lower insurance, I'm focusing more on the bike itself. And i'll be getting my G2 in November.

Any help would be great.
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First, I think you're main goal should be getting your M2 first. And I'm assuming you want to get an old SS bike? I suggest just going with a CBR 125R or a Ninja 250R.

Second, sorry to say but it's rare to have LOW and CHEAP insurance in the same sentence that includes M1 and 17 years old. I'm not trying to bring you down, I'm just being realistic.

Third, I don't remember the last time hearing that the motorcycle course will reduce your insurance. Not too sure about anti theft devices though.

My advice is to get your M2 and G2 this year and just wait till next year to get a bike. Yea I know you want to ride really bad and you wanna be THE guy in school who rides a bike but it'll be better on your bank account and in the long run. Unless your parents will be dishing out for your $4000+/year for insurance, then do it up!
 
try getting a perspective from my qoutes.

http://www.gtamotorcycle.com/vbforu...for-all-the-young-beginner-hopefuls-out-there

now i assume you are not getting a "newer" year bike, so i guess my quotes wont help you there. but i would strongly recommend getting your m2 first. because if you are calling around for quotes, they will put down your current class. (they don't care if you tell them "oh, i'll get it for sure by next week", at least that was how it was for me).

like rideitlikeyoustoleit said,
an m1 exit class and theft device rarely reduces insurance by that much
and really, wait a year or two.
 
If you want the cheapest insurance possible, go for an older Ninja 250 and insure it for mandatory coverages and Comprehensive (and skip out on Collision). This bike is cheap to insure and cheap to maintain, and is also perfect for a beginner.

I agree with the suggestion that you get your M1/M2 this year, and wait until next year to buy a bike . . . your rate will be about 35-40% cheaper next season if you wait.
 
Out of curiosity, what would this roughly work out to in terms of cost?
Are we talking, (Assuming I do get an older 250 ninja) 2000 a year or 6000 a year?
Just a rough estimate.
 
I think he woke up just now from his amazing dream :P ....even with a cbr 125 your rate will probably be $2700 - $3200 + easily depending on where you live and because your 17.

19 with M2 a 2009 GSF 500 - $2300 Jevco - Mississauga (first bike)

22 with M2 a CBR 125 - $2400 - Toronto (first bike)

Go figure...
 
Back in 2003 I had an '89 FZR400. I was 17 at the time as well, paid about $3000/yr for insurance back then. Insurance rates have only gone up since then.

Also what I found was that a valid course didn't lower my insurance, it made me insurable. They wouldn't cover me at that age without it
 
from me calling state farm. there is no difference in price between m1 and m2. and you will be paying a lot until your 25
they said the brackets for bike really depends on the cc, not so much the year and mileage

for you as a 17 year old, the cheapest insurance would probably be on a cbr125

for me personally
as a 23 year old with 6+ years of driving experience and M1 licence
250cc bike is around $1600/year
450cc was around $2500/year
600cc was around $3200/year
those quotes are just for $1000000 liability insurance only

the broker mentioned that once i turn 25, a 600cc bike would cost me 100/mon. for insurance ($1200)
 
An '82 KZ250 LTD had insurance of $223/year liability only around 5 years ago with M2.
 
I think you should completely stay away from anything that starts with CBR or Ninja, even they are only 125's and 250's. Sadly, most U/W's don't recognise these as being realistic starter bikes and they are on some insurers excluded lists. It would really suck to buy one and then not find decent insurance for it.

Why don't you look at something really boring like a 1985 Yamaha Maxim 400 or something similar.
 
go for a 70's honda 360 or similar. they're light, nimble, they're going to teach you motorcycle maintenance, and they're cool. and inexpensive (*nothing* is going to be "cheap" to insure at 17) to insure.
 
S500K said:
I think he woke up just now from his amazing dream :P ....even with a cbr 125 your rate will probably be $2700 - $3200 + easily depending on where you live and because your 17.

19 with M2 a 2009 GSF 500 - $2300 Jevco - Mississauga (first bike)

22 with M2 a CBR 125 - $2400 - Toronto (first bike)

Go figure...
Click to expand...

That's why I would say get an older ex 500. As a new rider your insurance us going to be high anyway. A 500 will keep you interested in your bike longer and you don't have to push it as hard on the highway.

Sent from my Nexus One using Tapatalk
 
Platinum Cycle said:
I think you should completely stay away from anything that starts with CBR or Ninja, even they are only 125's and 250's. Sadly, most U/W's don't recognise these as being realistic starter bikes and they are on some insurers excluded lists. It would really suck to buy one and then not find decent insurance for it.

Why don't you look at something really boring like a 1985 Yamaha Maxim 400 or something similar.
Click to expand...

The Ninja 250/500 and CBR 125's are pretty easy to find insurance for. The OP just has to be certain that he gets quotes before he buys a bike.
 
RetroGrouch said:
I'd rather take the bus.
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Not if you were 17 and it was your first bike. Anything with a motor and two wheels at 17 is cool.

I agree, a Mixim 400 doesn't exactly light my fire, but at least it's not a Honda MB 50.

Kid, look up a Maxim 400 or similar, trust me, if it's got two wheels and a motor the chick will still think you rock, save the Ninja 250 for when you're a little older with a couple years riding experience under your belt.

One other possibility, look for a Suzuki DR 200 - an excellent bike to learn on.
 
Platinum Cycle said:
Not if you were 17 and it was your first bike. Anything with a motor and two wheels at 17 is cool.

I agree, a Mixim 400 doesn't exactly light my fire, but at least it's not a Honda MB 50.

Kid, look up a Maxim 400 or similar, trust me, if it's got two wheels and a motor the chick will still think you rock, save the Ninja 250 for when you're a little older with a couple years riding experience under your belt.

One other possibility, look for a Suzuki DR 200 - an excellent bike to learn on.
Click to expand...

Better yet try finding a Yamaha Seca 400, looks much nicer then the maxim.
 
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