Defaulting on M1 | GTAMotorcycle.com

Defaulting on M1

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I just bought a bike (deal too good to pass up) and am now considering getting my M1, however the training course that is held in my area is currently booked up so I will not be able to get my M2 through that process, yet I want to do so in the spring. Leads me to this question.

If I go ahead and get my M1, and allow it to expire (90 days), will there be any penalties either with the MTO or with my insurance company (State Farm) for allowing to to expire? I got a quote from them and even with my M1 it was a decent rate for being a new driver. Does anyone know whether my rate will go up because I failed to get my M2 in the require time set by the ministry?

Thanks!
 
I don't think your rates will go up you will just be paying to insure a bike you cannot ride. (Legally)
 
since the cost of your m1 exit is in your m1, why not just roll the dice and see if you can pass at the ministry instead of taking the course if you're going to get it anyway. the worst thing that could happen is that you don't get your m2, and you proceed how you would have anyway...?
 
So, your question is do you need to pay the time and $35 to keep your license continuous while your bike is insured?

You may need the continuous license in order to get any discounts for having said license, six months earlier, but I don't think that you will be penalized. Your license isn't suspended.

Stupid question maybe, but what if riding is not for you?
 
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State Farm considers your AUTO insurance, not your bike insurance when setting rates, so I don't think you will be penalized with State Farm in particular. With any other insurer, you will not be gaining motorcycle experience necessary to reduce your premium to the "experienced" rate.
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