Advice specifically for my situation? Insurance wise.

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RockThis52

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Hi, new future rider here. I'm currently 19 years old, got my M2 on August 19th 2013. I was planning on doing that whole wait one year and then insure a bike thing but now I'm realizing I got my M2 pretty late into the year. I was hoping on getting a bike for commuting purposes and for fun so I wanted some time to practice riding (at least 3-4 months) before September of 2014. However if I do wait the whole year it means I would have an insured bike in August of 2014! No way is that enough time for me to feel even half confident in riding to school. At that point I'd also be 20 years old. So I was wondering if I should get the bike while I'm 20 insure it in august (1 year period) and ride it on weekends and such when I have the time. Or should I wait another 7 months or so and insure a bike in May of 2015. At that point in April I'd be 21 years old which I think does result in a drop in insurance. By May 2015 I would have had my M2 for about 1 year and 8 months.

So basically, should I get the bike in late August and only ride the bike on weekends paying insurance as a 20 year old with 1 year experience, is that worth it? Or should I wait to be 21 with almost 2 years experience? Technically it's not about the money because I can afford it, but I hate wasting money for something not worth it.

Thanks for any help!
 
Well, it's worth what ever you think it is, if money isn't an issue.

Also, you don't mention what bike?

Insurance is usually favourable if you've had your license for at least a year. Then when you turn 25 you usually see a decrease, and another decrease at 30. That's about it.

I would call around and get real quotes from real brokers (not just online only stuff) and weigh your options.

If it were me in your position, and as you say money is no option, I'd pick up a nice used bike over the winter, get it ready to go come Spring, and ride as much and as often as possible. With bike experience, it's best to measure in Miles travelled instead of years licensed. YMMV.
 
That's right I didn't mention what bike. Planning on the Ninja 250 if I find a good enough deal or if worst comes to worst a new 250CBR (don't want that in case I drop it). The thing is if I get one in winter, which is what I was planning actually, I was told I'd have to safety it and what not without being able to ride it around because I don't have it registered yet. Also if I do get one in winter, and register in spring, I wouldn't have had the one year experience. So I'm thinking just tough it out in August of 2014 and ride when I can.
 
Don't quote me on this, but I believe they don't really care if you had your licence for a year if you have not had a bike insured for you for that year (they know you have not been riding). You might have to just suck it up and pay out the big bucks for insurance for a while, and hope your rates go down.

Maybe someone else can confirm or deny this?
 
RockThis52 said:
Hi, new future rider here. I'm currently 19 years old, got my M2 on August 19th 2013. I was planning on doing that whole wait one year and then insure a bike thing but now I'm realizing I got my M2 pretty late into the year. I was hoping on getting a bike for commuting purposes and for fun so I wanted some time to practice riding (at least 3-4 months) before September of 2014. However if I do wait the whole year it means I would have an insured bike in August of 2014! No way is that enough time for me to feel even half confident in riding to school. At that point I'd also be 20 years old. So I was wondering if I should get the bike while I'm 20 insure it in august (1 year period) and ride it on weekends and such when I have the time. Or should I wait another 7 months or so and insure a bike in May of 2015. At that point in April I'd be 21 years old which I think does result in a drop in insurance. By May 2015 I would have had my M2 for about 1 year and 8 months.

So basically, should I get the bike in late August and only ride the bike on weekends paying insurance as a 20 year old with 1 year experience, is that worth it? Or should I wait to be 21 with almost 2 years experience? Technically it's not about the money because I can afford it, but I hate wasting money for something not worth it.

Thanks for any help!
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Pay the big bucks, it's worth it. I pay out the *** for my R6 lol
 
you talkig about SF?
Joots said:
Don't quote me on this, but I believe they don't really care if you had your licence for a year if you have not had a bike insured for you for that year (they know you have not been riding). You might have to just suck it up and pay out the big bucks for insurance for a while, and hope your rates go down.

Maybe someone else can confirm or deny this?
Click to expand...
 
If you make sure you actually do ride on the weekends, then yes it is worth it.
As long as you can afford it and it doesn't affect the necessities of life (food, tuition, books, etc.) then it is worth it. Worth giving up beer for a year to pay for insurance? yep. Worth giving up that vacation at the end of the year? Yep.

You could check SF next year if you've had your G for 5 years by then. It shouldn't be too ludicrous, if you have no tickets, 5 years with G and a 250cc bike.
 
Just out of curiousity, what are the numbers we are talking about here:

- if you insure the bike right now
- if you insure the bike next Spring (May 2014)
- if you insure the bike next August after a year of M2 (also are you sure SF drops rates after a year of just having an M2 or is it a year of being insured?)
- if you insure the bike in May 2015

I remember insuring a 250cc with SF, it was many years ago and I was over 25, so the numbers might be terribly off, but from what I remember, it was about $30/month. What are you being quoted?
 
Well I would actually ride on the weekends. Only problem with your suggestion is that by that time I'd have had my G for only 1 year. I got my G and M2 around the same time. No tickets, no claims.
 
What we're talking about right now is:

If I insure the bike in May 2014 VS (M2 for ~8 months, G 10 months, age 20)
Insure in August 2014 (M2 for one year, G 1.3 years,age 20)
Or scratch all that and just insure in May of 2015 (M2, 1.8 years, G ~ 2 years, age 21)

What I read was that if you have your M2 for one year (with or without an insured bike) you can get the experience discount from Jevco. But I wouldn't have had my M2 for a full year come May 2014. I would have it come August 2014, but is that too late to start riding into the season? So the last and the option I'd rather not do is wait till I'm 21 in May of 2015 (even more discounts as I've read), and at that point I would start riding close to the beginning of the season as oppose to riding in August. There's a lot going on I know.
 
Lightcycle said:
Just out of curiousity, what are the numbers we are talking about here:

I remember insuring a 250cc with SF, it was many years ago and I was over 25, so the numbers might be terribly off, but from what I remember, it was about $30/month. What are you being quoted?
Click to expand...

Well, haven't made any calls yet, was planning on calling after I have had my M2 for a year. I did call RBC (my mom works there) and they told me they don't even consider anyone without a G for at least 3 years, plus I wouldn't even want to insure with any of the huge insurance companies.
 
Stop being afraid.
Make the calls so you know.
We can only speculate on this board.
You may find out that the cost is prohibitive and riding isn't for you right now.
You may find out the costs aren't too bad and it's something you can handle today.
Put your grown up pants on make the call. We've all had to make these calls and now we ride....instead of dreaming of riding.
 
Lightcycle said:
I remember insuring a 250cc with SF, it was many years ago and I was over 25, so the numbers might be terribly off, but from what I remember, it was about $30/month. What are you being quoted?
Click to expand...
I'm on a 125 with a company that was significantly cheaper than SF when I got quotes, clean record, 3 vehicle discount, over 25, and I pay more than that.

As for the original question, if you've got the money it's all a question of what's worth it to you. I rarely get to use my bike and still consider it worth it for the few rides a year I get in. Also, when I started I was paying over $400/month just for the bike insurance. I had 2 cars on top of that (which were about a quarter the cost of the bike to insure for both).
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