new younge rider need help on insurance

C

CDBlues

Member
Hi, my name is kyle.
I am 21 years old and will turn 22 in this July. Living in downtown area.
I am currently insured with 2009 ninja 250 since This March(20 days ago), with RiderPlus , $2300 per year.
Hold my M2 since 2013, (didnt have bike until 20 days ago)and will use this ninja to get my full M this May.
So i am considering buy a new bike after get my M in May.
Like 2015 new Yamaha R6 or StreetFighter 848.
Quote StreetFighter 848 $320 per month,(its on my buget), but cant get online quote for R6.
Does anyone know any insurance company is good for me with yamaha R6?(no excess $6000 per year)?
any advise? thanks.
 
Check the insurance subforum. This topic is beaten to death. There is no single cheap insurance agent or company. It all varies from one person's profile to the next. You simply have to call around as many as you can and/or use a broker.

Good luck.

PS. Spending $320/month on insuring a bike is ludicrous.
 
dbworld4k said:
Check the insurance subforum. This topic is beaten to death. There is no single cheap insurance agent or company. It all varies from one person's profile to the next. You simply have to call around as many as you can and/or use a broker.

Good luck.

PS. Spending $320/month on insuring a bike is ludicrous.
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thanks, if i can get $320/month on insuring a brand new R6, i will do it
 
^lol

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CDBlues said:
thanks, if i can get $320/month on insuring a brand new R6, i will do it
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Just so you know, cancelling that insurance policy in October or November once the bike is put away for the winter and that decision doesn't seem so appealing anymore will leave you with a massive bill as your insurance is a 12 month term biased towards the summer months.

And is $320/month full coverage, or liability only? If it's a brand new bike as you mention, presumably financed, the finance company will require you to have full coverage.
 
Pay no attention to online quotes. More often than not they're bait-and-switch deals to lure you in. Talk to an actual agent or broker. As has been mentioned, this topic's been well covered here and there's lots of material you can sift through to find actual people to talk to.
 
PrivatePilot said:
Just so you know, cancelling that insurance policy in October or November once the bike is put away for the winter and that decision doesn't seem so appealing anymore will leave you with a massive bill as your insurance is a 12 month term biased towards the summer months.

And is $320/month full coverage, or liability only? If it's a brand new bike as you mention, presumably financed, the finance company will require you to have full coverage.
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thanks for replying, your advice is really helpful
 
CDBlues said:
thanks, if i can get $320/month on insuring a brand new R6, i will do it
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Telling you now, there's a 99 percent chance you will not get that quote.

I'm 22, no tickets, full M, full G, training in the last three years, insured for 2 full years and the best quote I got on an r6 was 6,000 and up.

Stick with the 250, or try a 650 or do what I am doing which is just waiting until I'm a little older for the super sport and saving cash in the meantime.


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Blackfin said:
Pay no attention to online quotes. More often than not they're bait-and-switch deals to lure you in. Talk to an actual agent or broker. As has been mentioned, this topic's been well covered here and there's lots of material you can sift through to find actual people to talk to.
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thanks, just learned "bait-and-switch deals" since english is not my first language.
i will talk to agents in riders plus first.
Already check other agents on this forum(SF,allastate,etc) seems like SS is not good for me.
Decide forget SS, will go for ducati streetfighter 848.
 
Boots said:
Telling you now, there's a 99 percent chance you will not get that quote.

I'm 22, no tickets, full M, full G, training I'm the last three years, insured for 2 full years and the best quote I got on an r6 was 6,000 and up.
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thanks for replying. Yes, you are right, can't get R6 in this situation.
 
CDBlues said:
thanks for replying, your advice is really helpful
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Sorry if it's not what you want to hear, but keep it in mind. :) Make sure to call around and get proper quotes (for full coverage of the new bike is to be financed) and go in eyes wide open. Whatever you do, don't buy it until you've got quotes in hand (via phone, not online) that you're actually happy with.

Personally, I'd drive the 250 for a season at least - you'll gain experience and it'll make the insurance quotes a little more palatable next year, although under 25 on a sport bike will always be pricey.

Good luck, let us know how it goes.
 
PrivatePilot said:
Just so you know, cancelling that insurance policy in October or November once the bike is put away for the winter and that decision doesn't seem so appealing anymore will leave you with a massive bill as your insurance is a 12 month term biased towards the summer months.

And is $320/month full coverage, or liability only? If it's a brand new bike as you mention, presumably financed, the finance company will require you to have full coverage.
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thanks for replying.
Yes, decided to buy a ducati SF later.
SS is not good for me in insurance situation.
 
PrivatePilot said:
Sorry if it's not what you want to hear, but keep it in mind. :) Make sure to call around and get proper quotes (for full coverage of the new bike is to be financed) and go in eyes wide open. Whatever you do, don't buy it until you've got quotes in hand (via phone, not online) that you're actually happy with.

Personally, I'd drive the 250 for a season at least - you'll gain experience and it'll make the insurance quotes a little more palatable next year, although under 25 on a sport bike will always be pricey.

Good luck, let us know how it goes.
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thanks, i really appreciate it.
Guys over this forum is really nice for new riders like me, thanks for everyone.
lol, gonna prepare money for Ducati Streetfighter. Yes, you are right, maybe stay with ninja 250 for one season is a good choice. Got some part time job this summer for my riding dream.
Hope everyone enjoys the riding season and ride safe.
 
CDBlues said:
thanks for replying.
Yes, decided to buy a ducati SF later.
SS is not good for me in insurance situation.
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Just gonna be realistic here as well, a street fighter might not work out in your favour either because of the fact that it's got a big engine. But if you find a quote that's good, all the power to you.

If the street fighter doesn't work out, seriously consider a 650 or something. More than enough power and comfortable ergonomics.

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Boots said:
Just gonna be realistic here as well, a street fighter might not work out in your favour either because of the fact that it's got a big engine. But if you find a quote that's good, all the power to you.

If the street fighter doesn't work out, seriously consider a 650 or something. More than enough power and comfortable ergonomics.

Sent from my SM-G530W using Tapatalk
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thanks, your advice is really helpful.
I really appreciate it.
Although insurance is very high around GTA, riders like you guys are really great.
 
Yanny said:
Been paying $5000 for my Kawasaki, friend have been paying $7000. As long as it's under 10k is fine. Gotta pay to play.
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Can you adopt me? I mean, if you just have all the cash laying around anyway...

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Yanny said:
Been paying $5000 for my Kawasaki, friend have been paying $7000. As long as it's under 10k is fine. Gotta pay to play.
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There will be a point where you will look back at that and realize it was dumb. I was paying somewhere in the $5K/year range for my first sportbike when I first started riding ~25 years ago and at the time I thought the same thing - "gotta pay to play", and yeah, I had the spare change laying around - good job, still living at home, all that. Even the last year I rode I think I was paying something like $3K/year because I was still under 25 on a big CC sportbike.

I look back on that now as one of my most stupid financial decisions ever.

But, I had fun...but my RRSP's would have been MUCH healthier now had I taken that 15-20K I handed the insurance companies over those years and invested it instead. At the time it seemed like the thing to do, but your perspective changes over the years when you realize some day you will be retired and don't want to be eating dollar store cat food. ;)
 
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