22 years old with M1 and full G - 2012 Honda CBR 125

Matthew.Tremayne

Matthew.Tremayne

Well-known member
This is my first post, so please bear with me. I have purchased and paid in full for a 2012 Honda CBR 125 and was wondering "ball park" what my insurance would be like with an M1 and a full G. I got my G1 five years ago as of March 17th, 2013 and now currently hold a G. I live north of Whitby if that means anything as well.

Thanks,
Matt T.
 
Matthew.Tremayne said:
This is my first post, so please bear with me. I have purchased and paid in full for a 2012 Honda CBR 125 and was wondering "ball park" what my insurance would be like with an M1 and a full G. I got my G1 five years ago as of March 17th, 2013 and now currently hold a G. I live north of Whitby if that means anything as well.

Thanks,
Matt T.
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Go with State Farm, maybe TD if you're a student or alumni and you should be looking at a very reasonable rate. State Farm rates based on engine size alone, and factors in G1/G2/G experience, not M1/M2/M experience.
 
Matthew.Tremayne said:
This is my first post, so please bear with me. I have purchased and paid in full for a 2012 Honda CBR 125 and was wondering "ball park" what my insurance would be like with an M1 and a full G. I got my G1 five years ago as of March 17th, 2013 and now currently hold a G. I live north of Whitby if that means anything as well.

Thanks,
Matt T.
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You're pretty close to my situation: 22 and in Hamilton with an M1 and G, but I have a bigger bike ('82 GSX400E). John Duffy was my best quote online (ad's in the forum, up top in the insurance section/threads) and it was 2900/year with Nordic (facility insurance). Apparently after the first year, rates go down dramatically; count on easily a 33% reduction next year.

In any case, ballpark is probably 2700-3800/year. It's terrible, but that's the first year.
 
It might be best to wait until March 17th and give State Farm a call. They will probably give you the best rate.
I'm in a similar situation to you. 21 years old, M2 and full G, but I haven't had my G class for 5 years, 2012 Ninja 250r.
The best quote I got was with Mantha, everywhere else was almost double. Just start calling places and get some quotes, it doesn't hurt.
 
Macs said:
Go with State Farm, maybe TD if you're a student or alumni and you should be looking at a very reasonable rate. State Farm rates based on engine size alone, and factors in G1/G2/G experience, not M1/M2/M experience.
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I am an alumni at a local University. I've heard having the G1/G2/G for a total of 5 years combined helps. Thanks for the info. I do have a ticket that was 2 points (No Seatbelt). Such a silly ticket!

I really couldn't imagine paying more then $100 a month because that would be crazy for a 125cc bike. I would rather have bought a 250 2 stoke dirtbike and ridden trails if that's the case.

I will check out state farm and look for other cheap options. Thanks!
 
It depends on where you live but for statefarm, you should be around the $100/month range. I have a ticket and 1 at fault claim on a car and will be paying $120/month this year.
Because of the ticket, you may be moved in to the "Plan B" policy which is what I'm on. "Plan A" would get you rates around $60/month on a cbr125.

I am 21 btw but had my M1/M2 license for 3 years. You may be looking at cheaper rates since you live farther away from "everything".

I am not sure if SF takes years licensed on a motorcycle in to account either.
 
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PLau said:
It depends on where you live but for statefarm, you should be around the $100/month range. I have a ticket and 1 at fault claim on a car and will be paying $120/month this year.
Because of the ticket, you may be moved in to the "Plan B" policy which is what I'm on. "Plan A" would get you rates around $60/month on a cbr125.

I am 21 btw but had my M1/M2 license for 3 years. You may be looking at cheaper rates since you live farther away from "everything".

I am not sure if SF takes years licensed on a motorcycle in to account either.
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I would be extremely surprised if they don't consider how long you've been licensed for motorcycles in your rate. I've found that's the primary factor, and insuring with an M1 without the rider course (yet) is even harder. OP, if you can wait 'til you have your M2, you might be better off.
 
drumstyx said:
I would be extremely surprised if they don't consider how long you've been licensed for motorcycles in your rate. I've found that's the primary factor, and insuring with an M1 without the rider course (yet) is even harder. OP, if you can wait 'til you have your M2, you might be better off.
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Go read the goddamned insurance stickies. Your info is far off the mark. My cousin in Orillia: 25, G for 5+ years, M1 for 3 days, 1414/yr on a CBR600RR. One ticket, one car accident. Me, 21 G for 5 years, M2 2510/yr on a CBR600RR in Richmond Hill, one accident no tickets.

Location matters more than M experience to SF. Your information regarding M experience is NOT relevant to State Farm's rating system at all.
 
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I've also heard that sometimes it doesn't matter how long you've had your m license for, but more how long you've been consecutively insured for.
 
deejizzle said:
I've also heard that sometimes it doesn't matter how long you've had your m license for, but more how long you've been consecutively insured for.
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I believe the biggest factors on getting a good insurance rate is, Age, Driving Record (Accidents, etc), Location, and License History (Tickets, etc) respectively. While being consecutively insured is a good sign, i just dont think its a big part of the big picture.
 
Macs said:
Go read the goddamned insurance stickies. Your info is far off the mark. My cousin in Orillia: 25, G for 5+ years, M1 for 3 days, 1414/yr on a CBR600RR. One ticket, one car accident. Me, 21 G for 5 years, M2 2510/yr on a CBR600RR in Richmond Hill, one accident no tickets.

Location matters more than M experience to SF. Your information regarding M experience is NOT relevant to State Farm's rating system at all.
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+ 1

I paid $70/month for full coverage on a 600SS and I got my M1 that day, SF also doesnt give you any discount for riders training.

To the OP,

You really should have checked insurance before buying a bike, also I believe SF only gives you one year credit per G1 and G2, so if you had you G1 for 2 years and G2 for 2 years and G for 1 year, you have 3 years experience in their eyes.
 
If you have a car, and house or tenant policy, try shopping all policies to the save insurance company. You may have some luck with Allstate or Pembridge insurance.
 
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