Young Riders (16-24yo) -- What are you paying for insurance? | GTAMotorcycle.com

Young Riders (16-24yo) -- What are you paying for insurance?

VifferFun

VifferFun

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Hey Guys,

I'm curious to know what the young riders out there are paying for Motorcycle insurance. Please copy and paste the following into your response. Thanks!


OPERATOR:
Operator Age:
Years Licensed on Motorcycle:
Number of Claims in last 6 Years:
Number of Convictions in last 3 Years:
First 3 Characters of Postal Code:

MOTORCYCLE:
Year of Bike:
Make of Bike:
Model of Bike:
Displacement (CC):

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker):
Did you purchase Collision coverage (Y/N)?
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)?
Annual Premium:
 
OPERATOR:
Operator Age: 24, 23 when policy started
Years Licensed on Motorcycle: 6 months
Number of Claims in last 6 Years: 1 at-fault accident in 2010
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L3X

MOTORCYCLE:
Year of Bike: 2011
Make of Bike: Honda
Model of Bike: 250R
Displacement (CC): 250

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): The Personal
Did you purchase Collision coverage (Y/N)? No
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? NO
Annual Premium: $780
 
OPERATOR:
Operator Age: 21
Years Licensed on Motorcycle: 5 in April
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: N2P

MOTORCYCLE:
Year of Bike: 2008
Make of Bike: Aprilia
Model of Bike: SXV
Displacement (CC): 550

PREMIUM:Insurance Company (Listed on the Pink Slip, not the broker): TD
Did you purchase Collision coverage (Y/N)? N ($100 extra for collision)
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $1582 (with home+auto discount)

Edit: Updated premium as of today.
 
Last edited:
Operator Age:24
Years Licensed on Motorcycle:5
Number of Claims in last 6 Years:4
Number of Convictions in last 3 Years: 1
First 3 Characters of Postal Code:m4y

MOTORCYCLE:
Year of Bike:1990
Make of Bike:honda
Model of Bike:VTR
Displacement (CC):250

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): tdmm
Did you purchase Collision coverage (Y/N)?no
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? No
Annual Premium: $950.00




Sent from my my mobile using a strange app for damaged people
 
OPERATOR:
Operator Age: 23
Years Licensed on Motorcycle: 3
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: M5B

MOTORCYCLE:
Year of Bike: 2008
Make of Bike: Suzuki
Model of Bike: GS500
Displacement (CC): 500

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Security National Insurance Company
Did you purchase Collision coverage (Y/N)? N
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? N
Annual Premium: $1580
 
OPERATOR:
Operator Age: 24
Years Licensed on Motorcycle: 5
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: M6C

MOTORCYCLE:
Year of Bike: 2007
Make of Bike: Suzuki
Model of Bike: SV1000S
Displacement (CC): 996

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Intact
Did you purchase Collision coverage (Y/N)? N
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $2,700
 
OPERATOR:
Operator Age: 23
Years Licensed on Motorcycle: 1
Number of Claims in last 6 Years: 1 accident in August 2008
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L1V

MOTORCYCLE:
Year of Bike: 2006
Make of Bike: Kawasaki
Model of Bike: Vulcan 900
Displacement (CC): 903

PREMIUM:Insurance Company (Listed on the Pink Slip, not the broker): Intact
Did you purchase Collision coverage (Y/N)? Y
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $3082

I feel like a chump looking at all your awesome (well, better) premiums.

xtreemboarder: Are you bundled with your parents or something? That's just an unreal premium. I just called the personal (Mohawk Alumni) and they quoted me $898/month for the same coverage as above. I couldn't help but just laugh on the phone.
 
drumstyx said:
OPERATOR:
Operator Age: 23
Years Licensed on Motorcycle: 1
Number of Claims in last 6 Years: 1 accident in August 2008
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L1V

MOTORCYCLE:
Year of Bike: 2006
Make of Bike: Kawasaki
Model of Bike: Vulcan 900
Displacement (CC): 903

PREMIUM:Insurance Company (Listed on the Pink Slip, not the broker): Intact
Did you purchase Collision coverage (Y/N)? Y
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $3082

I feel like a chump looking at all your awesome (well, better) premiums.

xtreemboarder: Are you bundled with your parents or something? That's just an unreal premium. I just called the personal (Mohawk Alumni) and they quoted me $898/month for the same coverage as above. I couldn't help but just laugh on the phone.
Click to expand...

xtreemboarder is riding a 250CC bike where as yours is a 900CC. Also, xtreemboarder didn't buy Collision or Comprehensive where as you bought both.
 
Oh you're absolutely right, and I'd expect maybe even 3x the premium for it...but it was almost 10 grand...for a cruiser. It just seems like a crazy low number for a 23 year old licensed less than 1 year on any bike.

Not complaining anyway, I seem to be getting decent quotes for my car these days, so maybe next year my bike rates will get a bit better.
 
OPERATOR:
Operator Age: 23
Years Licensed on Motorcycle: 4
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 2
First 3 Characters of Postal Code: M2N

MOTORCYCLE:
Year of Bike: 2011
Make of Bike: BMW
Model of Bike: S1000RR
Displacement (CC): 1000

PREMIUM:Insurance Company (Listed on the Pink Slip, not the broker): Security
Did you purchase Collision coverage (Y/N)? Y
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $7500
 
OPERATOR:
Operator Age: 19 at the time of getting insurance
Years Licensed on Motorcycle: 2
Number of Claims in last 6 Years:0
Number of Convictions in last 3 Years: 1 but I don't think my insurance knows
First 3 Characters of Postal Code: m9r

MOTORCYCLE:
Year of Bike:2009
Make of Bike:suzuki
Model of Bike:drz400sm
Displacement (CC):400

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): des jardin
Did you purchase Collision coverage (Y/N)? N
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? N
Annual Premium: around 1400

Does anyone know if premiums drop at 20y/o?
Also is there a map for insurance premiums based on postal code.
 
I'm wondering what insurance would be like on a FZ6R,

22 y/o
M1, G for 5+ years
Orangeville Area.

Any guesses?
 
I'm just wondering, I'm stuck at work right now and haven't had time to make some phone calls. I will be making calls to state farm, doesn't hurt to ask does it now... no need to jump down someones throat.
 
vtr250 said:
I'm just wondering, I'm stuck at work right now and haven't had time to make some phone calls. I will be making calls to state farm, doesn't hurt to ask does it now... no need to jump down someones throat.
Click to expand...

While you think you are unique, there are literally 15 others, just like you, that ask similar questions weekly. Multiply by 52 weeks, carry the 1, there are 780 like-questions a year. Understand the (tiresome) nature of your question now?--good.
 
OPERATOR:
Operator Age: 23
Years Licensed on Motorcycle: 2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L6H

MOTORCYCLE:
Year of Bike: 2013
Make of Bike: Kawi
Model of Bike: Ninja 300
Displacement (CC): 296

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Primmum
Did you purchase Collision coverage (Y/N)? Yes
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Yes
Annual Premium: $1,334
 
OPERATOR:
Operator Age: 20 (at the time), 23 Now
Years Licensed on Motorcycle: 2 (at the time), 5 Now
Number of Claims in last 6 Years: 2 in 2008 (Car) **Not sure if car claims translate over.
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: M1V

MOTORCYCLE:
Year of Bike: 2006
Make of Bike: Kawasaki
Model of Bike: Ninja 650
Displacement (CC): 649

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Jevco
Did you purchase Collision coverage (Y/N)? No
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Yes
Annual Premium: $2,800
 
drumstyx said:
xtreemboarder: Are you bundled with your parents or something? That's just an unreal premium. I just called the personal (Mohawk Alumni) and they quoted me $898/month for the same coverage as above. I couldn't help but just laugh on the phone.
Click to expand...

It was a no-brainer when they told me what the premium would be. Even I was surprised. Only thing that is bundled is a car. Altogether The Personal has been very good to me for some reason and even if I do a little shopping around I can't get anything close to the premium and coverage they have been able to offer.

When I was putting together the policy collision came out to an extra $4 a month. Declined it out of being cheap.

JustinRR said:
PREMIUM:Insurance Company (Listed on the Pink Slip, not the broker): Security
Did you purchase Collision coverage (Y/N)? Y
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $7500
Click to expand...

Wow.
 
Last edited:
OPERATOR:
Operator Age: 21
Years Licensed on Motorcycle: 1
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L3M

MOTORCYCLE:
Year of Bike: 1996
Make of Bike: Kawasaki
Model of Bike: Ninja
Displacement (CC): 500

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): TD
Did you purchase Collision coverage (Y/N)? No
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? No
Annual Premium: 3500


My goodness... I wish I could even close to what some of you guys are paying -.-
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