Motorcycle Insurance Question M1 16 years old! Honda CBR125

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PLau said:
After reading more into insurance, there are other things you have to consider.

According to your suggestion, you're saying a person driving for the first time should have similar rates to someone who has been driving for years.

Chances are a 16 year old would be more probable to get into an accident than a 25 year old. When you think about it, in high school kids tend to want to show off and do stupid things while they're at it which cause accidents.
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That's exactly what I'm saying. Yes, teens are more probable to get into an accident, but that doesn't mean it's definite. Why should those that come out with a clean record for years have to pay ridiculous rates when they've done nothing wrong? By your mentality, it would be fine for a cop to pull you over and give you a speeding ticket even if you weren't speeding. Reason being that speeding is the most commonly broken law in North America, so here's the ticket just in case/when you do speed. ****** THAT! With all the laws regarding discrimination, how is this still legal practice?
 
Renboy said:
That's exactly what I'm saying. Yes, teens are more probable to get into an accident, but that doesn't mean it's definite. Why should those that come out with a clean record for years have to pay ridiculous rates when they've done nothing wrong? By your mentality, it would be fine for a cop to pull you over and give you a speeding ticket even if you weren't speeding. Reason being that speeding is the most commonly broken law in North America, so here's the ticket just in case/when you do speed. ****** THAT! With all the laws regarding discrimination, how is this still legal practice?
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It's statistics man. Think about it, your insurance company doesn't give a good god damn about the value of your bike. That's not 'really' what they're insuring. It's the $1 million (and now $2 million) liability portion that they're concerned about. If I was going to gamble my own million bucks, and I had the choice between a 30 year old driver with no tickets or accidents and an M1 16 year old who's license is still warm from the press guess who I'm banking on. You can cry discrimination all you want but the numbers are all against you.
 
I'm not saying that they're not, and I agree with you in regards to who to bet on...completely. But, they are punishing before a crime is committed and that shouldn't be the case. I just read in another thread last night that in Australia this is the system that they use (more or less) and it seems to work there. Why can't those thieving pricks at the insurance companies be legislated to do the same here?
 
Cause this is Ontario.

You don't even have to look as far as Australia.

You can just look outside of Ontario and see how different the rates are but you also have to consider the population difference as well and the fact that our insurance isn't run by the government.
 
At 16 to around 21 years old I was a street racer hahah
Accidents have certainly smarten me up. I am very happy I couldn't get a motorbike at a young age. :)
 
PLau said:
The reason I didnt go for a more powerful bike was solely because of the price difference between a cbr125r ($1700) and a ninja 250r ($3500). My advice would be just try to wait if you can. I had my bike sitting in my garage for 6 months before I got to insure it and ride it.
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Reallly i swear it was only like a $200 difference between the 250 and the 125 (which is why i ended up with the 250) lmao but with TD
 
Bweixz said:
Reallly i swear it was only like a $200 difference between the 250 and the 125 (which is why i ended up with the 250) lmao but with TD
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Sorry, I was referring to the bike cost not insurance.

When it comes to insurance, $200 more is about right for the quote I got (with Jevco)
 
at the end of the day... what can you do... i started riding 5 yrs ago with an ex500 when i was 24. Insurance was 1500 bucks. At the same time quoted for a 6R was 3600 bucks. I just picked up an 848, 29 yrs old, insurance is 1500 bucks. I consider the 848 is my graduation gift from the ex 500. Everything comes with time.

I am glad that insurance stopped me from getting a ducati as a first bike because who doesn't want to be on a SS bike? Can you imagine all the girls u'd get riding that to high school? lol
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