26 Years Old, M1, Clean/No Record, R6 - What are my options for Insurance? | GTAMotorcycle.com

26 Years Old, M1, Clean/No Record, R6 - What are my options for Insurance?

Ajsuliman

Member
Hello all,

Title says it all,

I'm a licensed M1 holder,
26 years of age,
2009 Yamaha R6
No driving record at all,
Absolutely clean..

Now I know having an M1 makes it tough to insure, but I'd like someone to lead me into the right direction. I've called TD, and got a quote with the sum of $8600/annually, which I thought is crazy....or is it? Anyways, any help appreciated it!
 

JustinRR

Well-known member
Hey man, my friend is in the same situation he is 28 just got m2. No luck so far. Needs to wait at least 1 year from M1 to get slightly cheaper, after 2 years is looking pretty good. He only has 1 year experience from G1 so doesnt qualify for SF.
 
Last edited:

nitescream

Active member
In 2012 I was 27 and my first bike was an R6. State Farm charged me $100 per month full coverage with a M1

Try them!!
 

2motors

Well-known member
I'm 25 r6 pay 56 bucks a month statefarm. But my r6 is old and considered sport not supersport HAHa suckers. Try statefarm
 

unL33T

Well-known member
I'm 25 r6 pay 56 bucks a month statefarm. But my r6 is old and considered sport not supersport HAHa suckers. Try statefarm
Statefarm charges purely by engine size. Age of vehicle has no impact with Statefarm. Most companies are cheaper than Statefarm unless your bike is classified as a SS (since Statefarm doesn't care). You must live in the boonies or something as you're paying almost the same as I pay for my 125.

When I was with Statefarm a ZX6R would have been cheaper than my 650R because the 650 has a larger engine.

But yes, since his bike will be considered an SS by every other company, Statefarm is the best bet, like everyone else said.
 

JayG

Well-known member
Just a heads up....spoke to my SF rep yesterday and he mentioned they will be changing how their rates are determined soon.....it won't be based on CC alone. This is because of the Dejardins takeover.

They always have to ruin a good thing!
 

seagull21

Well-known member
Just a heads up....spoke to my SF rep yesterday and he mentioned they will be changing how their rates are determined soon.....it won't be based on CC alone. This is because of the Dejardins takeover.

They always have to ruin a good thing!
Huh. By some magical act of Xenu maybe it'll be for the better?

But seriously, did he give any more info? I've been holding off a little to insure my first bike for the spring... But SF has the best quote for me so far.
 

JayG

Well-known member
No details, and he said nothing will be happening until atleast May. But we're talking about insurance here....when has any change been for the better :(

Fingers crossed though!
 

j-mark

Active member
Spoke to my SF rep yesterday as well. She didn't mention any possible changes until at least fall or the new year. Thankfully my renewal is in april. Hopefully they don't try to increase the premium in the middle of the policy
 

seagull21

Well-known member
Spoke to my SF rep yesterday as well. She didn't mention any possible changes until at least fall or the new year. Thankfully my renewal is in april. Hopefully they don't try to increase the premium in the middle of the policy
I feel better then. I'm trying to squeeze every buck I can by not starting my policy until it's actually warm enough to ride. It'll be the last time I can do it haha.
 

Roomie

Banned
Statefarm charges purely by engine size. Age of vehicle has no impact with Statefarm. Most companies are cheaper than Statefarm unless your bike is classified as a SS (since Statefarm doesn't care). You must live in the boonies or something as you're paying almost the same as I pay for my 125.

When I was with Statefarm a ZX6R would have been cheaper than my 650R because the 650 has a larger engine.

But yes, since his bike will be considered an SS by every other company, Statefarm is the best bet, like everyone else said.
Age of the bike must mean something to them. A friend of mine is with them and looking to ride this year. He wants a 600. The quote he received for a 2012 and then a 1998 were drastically different. Both were for cbr's.
 

unL33T

Well-known member
Age of the bike must mean something to them. A friend of mine is with them and looking to ride this year. He wants a 600. The quote he received for a 2012 and then a 1998 were drastically different. Both were for cbr's.
Strange. Even if it's because of the value that should only affect it slightly. Unless it's changed already for new customers now that they're owned by Desjardins.
 

Roomie

Banned
Strange. Even if it's because of the value that should only affect it slightly. Unless it's changed already for new customers now that they're owned by Desjardins.
730 a year for the 98. 3700 for the 2012. He's a new rider (not even m1 yet) but 39 years old and been with state farm since 16. I wasn't surprised at the 98 quote but the 2012 I was.
 
Last edited:

marktwothousand

Well-known member
Thanks to this thread, I decided to give State Farm a call to see what coverage would be on a 250cc bike for a brand-new driver. I have had my M1 for one day, G for much longer and conviction-free.

rate was $55/month minimum liability no collision
$68 with 2 mil and collision

i am impressed. So far all the insurance quote horror stories I've heard for new drivers is not holding true, I guess 250cc bikes aren't considered a big risk.
 

delfonic

Well-known member
i'm insured by statefarm. when i was 28yrs old, 1 at fault accident, full g over 5 yrs, my 2011 cbr250r cost me $876 for the whole year. this is full coverage, laibilty + comprehensive + collision. now at 29yrs old, 1 at fault accident, full g over 5 years, my 2001 cbr600f4i cost me $1476 for the whole year. this is full coverage, laibility + comprehensive + collision. it went up exactly $600.
now, if i just want laibilty + comprehensive, it would cost me $1368 for the year. just a difference of $108.

i spoke to my statefarm agent when i switched it over, i had asked about the acquisition of statefarm by desjardins, and they had assured me that my rates will not change because i had been with statefarm before the changes.

i heard a myth that statefarm/desjardins will not insure you if you do not have a G license? i've never had a problem cause i've always had my license, any one can shed light to this?
 

fjbabe

Well-known member
Age of the bike must mean something to them. A friend of mine is with them and looking to ride this year. He wants a 600. The quote he received for a 2012 and then a 1998 were drastically different. Both were for cbr's.
If you go with SF it will be higher for a newer bike... I found this out as I was getting quotes.
Good Luck!!
 

Kramminn

Well-known member
State Farm wont insure you with less then 5 years of M experience or more then 2 tickets.

Call me Monday at 905-639-3311 ask for Peter and remind me your from GTAM
 

Top Bottom