Insurance price question | GTAMotorcycle.com

Insurance price question

M

Minardi

Member
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Hello everyone,

Sorry for creating a dumb thread like this, but I just wanted to double check the price range for motorcycle insurance for young drivers.
I am 20 years old, going to get my M2 in a couple of weeks, did an MoT approved the safety course, and am looking to buy a 250cc beginner's bike like a Honda CBR250R or a Yamaha V-Star 250.
Of course I was also looking for a good enough insurance coverage as well.
The best offers I was able to find were in the low 2000s, namely from Aviva (via Surnet) for full coverage. TDI's online quote was in the vicinity of $6000. That price difference concerns me a bit.
Some of my friends have pointed out to me that insurance premiums in the low $2000 range for a young driver with just the M2 (and Aviva was willing to insure me right then and there as an M2 driver based only on my driving course certificate) and a 250cc bikes are almost too good to be true. Would you say that that is the case? Having done some research I have found that it is not entirely unusual for people to get insurance for around that much, but I just wanted to hear from someone with more experience before I make a decision.

Thanks in advance
 
Last edited:
First year of insurance bend over, I paid 3k my first year for bike insurance then it dropped in half and now five years later I'm paying 700 a year for a 600 ss

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As long as it is:

-Not an online quote
-You have divulged all information correctly
-stick to smaller bikes

Those rates sound pretty accurate. You can expect anywhere from 2-4k depending on location.


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Depending on the type of risk, certain insurers have cheaper rates than others.

Aviva has very competitive rates for new riders who have completed the motorcycle training course on a bike 650 cc's and under.

Contact me if you have any further questions/concerns.

Thanks
 
Sit on your m2 for a year and insurance will half. Give desjardins a call.
 
2motors said:
First year of insurance bend over, I paid 3k my first year for bike insurance then it dropped in half and now five years later I'm paying 700 a year for a 600 ss

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Click to expand...

How misleading in 5 years time your premium dropped from $3000 to $700. In order for such significant decrease in premium, you must have other combined discount or you had some previous traffic tickets that have gone expired. If not, you must be a fool for not shopping around to get $3000 a year in the first place, because when I was 19 M2, I only paid $1800 for 250cc, and $2800 for 600cc (R6) without any discount nor tickets.

Thank you.
 
mine went from $2500 when I was 23 to $700 when I was 26. same sv650. only difference was location, moved from Toronto to the east suburbs. and age obviously. now that I 29 it went to $950 this year

every year I shop around.
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