Total Motorcycle Community Forums

hi, i have recently been wanting to buy a bike more specifically a sports bike but at my age of 17 i am finding it impossible for me to own a bike with all with the insurance prices being higher than the cost of the bike itself.

Anyway i was wondering if you guys think that i would be able to afford a bike on a part time job with insurance being so expensive. Also does anybody know of any good places to check for insurance prices in and around london ontario.

Brandon2382 wrote:hi, i have recently been wanting to buy a bike more specifically a sports bike but at my age of 17 i am finding it impossible for me to own a bike with all with the insurance prices being higher than the cost of the bike itself.

Anyway i was wondering if you guys think that i would be able to afford a bike on a part time job with insurance being so expensive. Also does anybody know of any good places to check for insurance prices in and around london ontario.

Don't buy a new sports bike.

Get an old used bike without a ton of horsepower.

yeah, your age and riding history are going to work against you on any bike or car for that matter. the problem with sport bikes is that they tend to be a lot more expensive to insure because historically new riders on sport bikes have more claims.

check out an ZZR250 or GS500, those are good learners bikes that are pretty sporty and the insurance won't kill you as bad as someting like a gixxer would. also it's easier to find a used ZZR or GS at a decent price. heck you could buy a new ZZR and insure it for 5 years and still not pay what a brand new cbr 600RR would cost you.

also take a motorcycle riding course, this may reduce your insurance by about 10% depending on your insurance company

you are going to get the shaft from whatever insurance you go to . I am With TD and they are reasonable but will be checking out riders plus and kingsway once i have my m2

Brandon2382 wrote:hi, i have recently been wanting to buy a bike more specifically a sports bike but at my age of 17 i am finding it impossible for me to own a bike with all with the insurance prices being higher than the cost of the bike itself.

Anyway i was wondering if you guys think that i would be able to afford a bike on a part time job with insurance being so expensive. Also does anybody know of any good places to check for insurance prices in and around london ontario.

Try www.daltontimmis.com Ask for Josh Pauls. He was able to help me out earlier this year.

Also for bikes, stay under 600 cc. That is a critical number when it comes to higher or lower rates. When shopping your insurance around. Have them quote you on a couple of different bikes. This will help educate yourself on the insurance industry.

As mentioned take a training course. The certificate you earn, could provide you with some insurance relief. However not likely on a Supersport.

Good luck!

I'm 18. Insured with TD. I pay $391/month for 5 months. I started in May so I didnt have to pay for the first (6th) month.
I took a motorcycle safety course, I have a clean driving record and I've never got a speeding ticket.
I pay 400/year for the basic insurance stuff (I don't have colision for my bike). I pay $1600/year on "accident benefits".

Accident benefits: This coverage provides compensation, regardless of fault, if you, your passengers, or pedestrians suffer injury or death in an automobile collision. Accident benefits coverage is compulsory in all provinces except Newfoundland and Labrador. (In Quebec, this is provided by government; see below.)

I drive a 1984 Yamaha XS 400 Maxim. It cost me $1200. Safety course was $360 I think. Helmet was $120 (snell approved). Jacket $400. Gloves $80.

http://kanetix.ca/ has a free motorcycle quote
If you have parents that ride, put the bike under your moms name (girls have cheaper insurance), also, TD offers a discount if you have multiple bikes insured with them.

My friend has an '82 XS 400. his parents both have harleys, the bike is under his moms name, he's 18. $500/year for insurance.

It sucks that I dont get my money back, and even if I crash, I dont get it back cause the bike its self isn't insured.

go kawasaki if you're buying new. the good times credit card doesn't require full coverage. Same with using a polaris card.

Geoff650R wrote:go kawasaki if you're buying new. the good times credit card doesn't require full coverage. Same with using a polaris card.

not going full coverage means your out a bike if you crash it.

or it gets stolen

oldschoolorange wrote:or it gets stolen

yeah that 2. I think that would be the harder to take of the 2 .

also for the price of PL/PD your better of just not insuring the thing cause well your not saving anything in the long run. The difference, for me, on PL/PD vrs Full coverage was $150/yr. Ill pay the $150 to make sure I keep my bike or at least the wife gets it when I die.