Major Jevco Update from John Duffy Insurance | Page 7 | GTAMotorcycle.com

Major Jevco Update from John Duffy Insurance

Hey, I got my M1 mid June, and i had statefarm insurance until september before they changed their policy. I'm 22 and have a ninja 250, ive tried Jevco quotes and im getting back around 2000 a year. Last year Statefarm quoted me 120 a month. What do you think I need to do inorder to get my quote less then 1000 like you are saying.

Thanks in advance
 
Hey does this still apply? If I get my M1, maybe M2 now, then purchase a bike next summer, will my insurance be cheaper with Jevco?

Edit: Found my answer.
 
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Can you explain why my renewal went up by alomost 13% from the previous year, despite me having no accidents or tickets? I have been with Jevco for 4 years now (and 3 different bikes), and I have my GM (done before my renewal Last year). I also moved to Scarborough, but that was also before my renewal last year. Basically, nothing changed between last Aug to this July, and my insurance went up 13%. Is this just the area I'm living in?
 
Can you explain why my renewal went up by alomost 13% from the previous year, despite me having no accidents or tickets? I have been with Jevco for 4 years now (and 3 different bikes), and I have my GM (done before my renewal Last year). I also moved to Scarborough, but that was also before my renewal last year. Basically, nothing changed between last Aug to this July, and my insurance went up 13%. Is this just the area I'm living in?

Had the same thing happen to me. Asked why...no explanation given.
 
A note to new riders who read the very first page of this thread and got excited!

If you get your M1, planning to buy a bike after a year, you must keep re-writing your M1, or go for your M2 in 60 days, to be eligible for the 1 yr discount from Jevco.

If you, like my friend, got your M1 in May of 2010, then let it run out in 60 days without re-writing or getting an M2, then go get another M1 his yr, Jevco will look at you as though you have just gotten yourM1, since you didn't maintain it for the whole year consecutive.
 
My renewal went from $1000 appx to $1300appx. I have a clean record and have no claims. It looks as though I'll be shopping for a new insurance company very soon.
 
A note to new riders who read the very first page of this thread and got excited!

If you get your M1, planning to buy a bike after a year, you must keep re-writing your M1, or go for your M2 in 60 days, to be eligible for the 1 yr discount from Jevco.

If you, like my friend, got your M1 in May of 2010, then let it run out in 60 days without re-writing or getting an M2, then go get another M1 his yr, Jevco will look at you as though you have just gotten yourM1, since you didn't maintain it for the whole year consecutive.

This is correct. Jevco will provide OTHER (Preferred) rates for riders that have been licensed (M1,M2,M or any combination) for the past 12 consecutive months.

Keep in mind that this is a current Jevco rule. There is no guarantee that this rule will apply next year. Rules and rates are subject to change.
 
I will be getting my M2 this month, and I intend to start riding the start of next season.

19 year old male on a Ninja 250 with an M2 for about 8 months, about how much more would a rider like this be paying compared to:
Example 1: a 21 year old on a Ninja 250 with no prior insurance and licensed for 1 year would have paid $1467 for a year for $1M liability; now will pay just $893.
Any ballpark amounts :confused:
 
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okay so what if i have my M2 and i want to change the bike from my mothers name to my name so i can put it under my own insurance. would i get her rate or would it just be better to wait til next may to have that full year under my belt. Also is there a difference between insuaring a cruiser verses a sports bike is they are the same cc?

carrie
 
okay so what if i have my M2 and i want to change the bike from my mothers name to my name so i can put it under my own insurance. would i get her rate or would it just be better to wait til next may to have that full year under my belt. Also is there a difference between insuaring a cruiser verses a sports bike is they are the same cc?

carrie

If you live with your mother, then you must inform the insurer when you obtained your license. This means the insurer would automatically assign you as the principal operator unless you are specifically excluded from the policy.

With the exception of State Farm and TD, a 600CC sport bike will cost you four times as much as a cruiser bike. This is all over the insurance forums if you poke around a bit.
 

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