I originally asked about a 50cc scooter's rate being too high but now that my circumstances have changed, I thought I'd make a clean thread.
I'm a 23M, planning to get my M1 soon. I've held my G for almost 5 years and I've been insured under another family vehicle since getting my G1 at 16. I thought about getting a two-wheeler to replace my current commute via public transit. It gets annoying sometimes due to the waiting and not having my own vehicle to move around town in. I considered a 50cc scooter, CBR 125 (125cc sports bike), and a Ninja 250 (250cc sports bike).
Some will tell me to wait a year before getting a bike. Using the CBR 125 as a base case, I assumed 7 months of riding + 5 months of public transit, $200/year for maintenance, and $1800 for premiums, I figured it would cost me an extra $1400/year to own a bike (not including the fixed cost of buying a bike). I decided that it was worth the expense. If I can afford it, why not?
Anyway, I think I made my point clear as to why I've decided to go ahead with this. But here's the kicker.
So I talked to SF already and got the following quotes:
$135/mo for a 50cc scooter
$148/mo for a CBR 125
$220/mo for a Ninja 250
I'm still in the middle of contacting other agents, but since I've had difficulty calling in from work, I only emailed them in the past few days. Still waiting on Desjardins, Co-operators, and Jevco via JDS. It's quite a big jump from the 125 to the 250 and I'm rather puzzled. I thought it'd go up by another $10-20/mo and I could live with that. If other insurance providers are going to offer such a big difference between the 125 and 250, I'd rather go with the 125 at the expense of the ability to go on highways (not a big deal for me since I'm 5'10" and weight under 150 lbs) and the ability to carry a <120 lbs passenger at <70 km/h (I guess it's doable but it'll make the engine cry).
I'm a 23M, planning to get my M1 soon. I've held my G for almost 5 years and I've been insured under another family vehicle since getting my G1 at 16. I thought about getting a two-wheeler to replace my current commute via public transit. It gets annoying sometimes due to the waiting and not having my own vehicle to move around town in. I considered a 50cc scooter, CBR 125 (125cc sports bike), and a Ninja 250 (250cc sports bike).
Some will tell me to wait a year before getting a bike. Using the CBR 125 as a base case, I assumed 7 months of riding + 5 months of public transit, $200/year for maintenance, and $1800 for premiums, I figured it would cost me an extra $1400/year to own a bike (not including the fixed cost of buying a bike). I decided that it was worth the expense. If I can afford it, why not?
Anyway, I think I made my point clear as to why I've decided to go ahead with this. But here's the kicker.
So I talked to SF already and got the following quotes:
$135/mo for a 50cc scooter
$148/mo for a CBR 125
$220/mo for a Ninja 250
I'm still in the middle of contacting other agents, but since I've had difficulty calling in from work, I only emailed them in the past few days. Still waiting on Desjardins, Co-operators, and Jevco via JDS. It's quite a big jump from the 125 to the 250 and I'm rather puzzled. I thought it'd go up by another $10-20/mo and I could live with that. If other insurance providers are going to offer such a big difference between the 125 and 250, I'd rather go with the 125 at the expense of the ability to go on highways (not a big deal for me since I'm 5'10" and weight under 150 lbs) and the ability to carry a <120 lbs passenger at <70 km/h (I guess it's doable but it'll make the engine cry).
Last edited:
