I'm new to these forums and new to riding. I've been doing my research and am looking at some starter bikes right now. The only thing really stopping me from buying one (after I get my license) is insurance - same reason why I don't have a car right now. I looked at what insurance would cost me for a 2007 ex250R. It was an online quote from TD, it says I'm looking at just over $3000 a year with no collision or anything. I just want to know what other young riders are paying and how the hell they afford to ride. BTW. I'm 20 years old. Full time university student. I have also had my full G license since November 2008, so like two and a half years and have been insured as a secondary driver for 4.5 years. I was wondering if having my full G would have result in a lower rate. (I still don't have my M1, I'm going in a week to get it). Also, when does the rate decrease. Thanks for any info!
Couple Questions about Insurance Rates
- Thread starter mitchl17
- Start date
It's really hard to find a reasonable quote based on your age. When do you turn 21? Jevco would be a better option for you once you have had your M1 for a year!
I turn 21 in February. It's not really a big deal if i wait a year. By next summer I'll have had my G for 3 years and a bit and have over 5 years of total driving experience and if all goes well i'll have had my m1/m2 for a year. I would probably have to wait until next year anyway because paying for the course which costs 4-5 hundred bucks might make it a tiny bit too expensive because I still have to pay for rent and school for the year.
rideitlikeyoustoleit
Well-known member
It's better if you wait till next year. You'll be 21 and assuming you got your G1 when you were 16, you'll be eligible for State Farm. If not, then being licensed for one year (1 year from when you get your M1) you'll get a big drop in insurance with Jevco. So get your M2 now and just wait till next year.
Get your M1/M2 this year by taking a course, and consider buying a bike one full year after obtaining your M1. Your insurance will be roughly 35%-40% cheaper through Jevco.
