Insurance for new rider

L

Lullis

New member
Hello. I'm 20 years old and I'm writing my M1 test this week and roughly 2 weeks or so afterwards I'm doing a training course. I've had my G1 for about two years and am doing my G test later this month. I've got my eyes set on a SV650. What are my options? If any at all. Thank you for any answers I may receive.
 
Have vaseline handy when getting your quotes.

Realistically you might not get the bike you want, I would eye something like a 250 for a year or 2 unless you have deep pockets (Or your parents do)
 
You can take your M1 tomorrow and do your M2 course the next day but you cannot receive your M2 license until 60 days have past from the date you got your M1 license(from what i remember). Also don't bother trying to insure when just holding the M1 as 99.9 percent of the insurance companies wont even insure you and if they do, be prepared to pay A LOT of money. As for starting off on an SV650, especially with no years of experience, you're probably looking at what Gaggu P said...minimum $4000 a year. Getting a 250 or somewhere within that range will save you money and be safer for you to get yourself used to the roads for a season or two.
 
State Farm required me to have been insured/licensed driving a car for 5 years before they would insure me. I got my drivers license at 17, so at 22 I bought a new 2006 GSXR 750 and paid only $170 a month to State Farm for basic coverage with a high deductable set. This was in Hamilton though, and I believe I still had my parents address, so that helped bring the costs down. Hope this helps
 
younggorilla said:
State Farm required me to have been insured/licensed driving a car for 5 years before they would insure me. I got my drivers license at 17, so at 22 I bought a new 2006 GSXR 750 and paid only $170 a month to State Farm for basic coverage with a high deductable set. This was in Hamilton though, and I believe I still had my parents address, so that helped bring the costs down. Hope this helps
Click to expand...

Pretty sure something isn't quite right with this quote, Seems VERY low for the age group and bike.
 
jeffjones said:
Have vaseline handy when getting your quotes.

Realistically you might not get the bike you want, I would eye something like a 250 for a year or 2 unless you have deep pockets (Or your parents do)
Click to expand...

As sad as it sounds, jeffjones is right.
You are under 25, with no motorbike experience and little car experience. Anything greater than a 250 will cost you an arm and a leg.
Option 1: wait until you get older
Option 2: start up down low and work your way up to a bigger cc bike
 
Jevco (Intact) will give you a more reasonable rate once you've held your M1/M2 for a year. That's what I would recommend.
Call around and see what you can expect for rates right now, and for next year. You will be 21 at that point so State Farm will be an option.
 
spaceboy said:
Jevco (Intact) will give you a more reasonable rate once you've held your M1/M2 for a year. That's what I would recommend.
Call around and see what you can expect for rates right now, and for next year. You will be 21 at that point so State Farm will be an option.
Click to expand...

I was at Jevco this year to insure my 2011 Ninja 650R and couldn't, very recently they have put majority of sport touring and sport bikes on their restricted list since its more of a loss than it is a gain for them, im almost positive the sv650 was on that list as well, doesn't hurt to double check though.
 
Is it really that hard to find insurance for someone with an M1 AND the course done? What's the difference. If I can't practice between the 60ish days from M1 to M2 auto upgrade it makes no difference on how risky I am on the roads. I'd even argue it's worse since my MSF will be a full month and a half before my G2 upgrade.../ (Note 250 ninja).
 
younggorilla said:
State Farm required me to have been insured/licensed driving a car for 5 years before they would insure me. I got my drivers license at 17, so at 22 I bought a new 2006 GSXR 750 and paid only $170 a month to State Farm for basic coverage with a high deductable set. This was in Hamilton though, and I believe I still had my parents address, so that helped bring the costs down. Hope this helps
Click to expand...

State Farm is unique on their premiums. They car about driving experience (doesn't need to be motorcycle experience), displacement and your license. But if you don't have a clean record: you can't get in.
 
Leaky said:
Is it really that hard to find insurance for someone with an M1 AND the course done? What's the difference. If I can't practice between the 60ish days from M1 to M2 auto upgrade it makes no difference on how risky I am on the roads. I'd even argue it's worse since my MSF will be a full month and a half before my G2 upgrade.../ (Note 250 ninja).
Click to expand...
That's the same as G1 to G2, waiting 12 months before the test. I've never driven a car in public until 2 weeks before my G2 test.
 
You must log in or register to reply here.
Back
Top Bottom