Motorcycles - You need to be rich... or have a trust fund.

[murf]

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That is what I'm suggesting, which seems generous as per stats can. Agreeably incomes are likely higher in Toronto, however even at a 10-15% premium for inflation and another 10% for location, the math still doesn't pan out.

http://www.statcan.gc.ca/edu/img/edu02_0019a_01-eng.jpg


If you live on your own, and make 40K a year, strictly insurance on a motorcycle becomes a significant spend as a component of your yearly income and a very good chunk of your discretionary.

So the question was, how do you guys swing it; not everyone can live in their mom's basement...

the average house price in Toronto is What.....over $500K......do you really think $3000 a year is a big issue for them and that they make $40K a year?
Nevermind that the average Rider in Toronto is getting a rate less than $3000 /year .....you are younger and can't afford it, that's insurances way of telling you they don't want your business cause of the risk you pose.

 

[ross]

Is there a point to this post. If you want to ride a 600SS pay the price. If you want yourkid to play AAA hockey, pay the price. If you want to travel the world, pay the price. If not move on.

Helicopters cost $5 000 000.

I hate helicopter manufacturers.

your heli cost 5 mil
others get heli for 1/4 mil

http://en.wikipedia.org/wiki/Robinson_R22

there is no law you have to pay, what others ask you for...

 

[VifferFun]

your heli cost 5 mil
others get heli for 1/4 mil

http://en.wikipedia.org/wiki/Robinson_R22

there is no law you have to pay, what others ask you for...

FYI, that's $258K in 1977 dollars, which equates to $910K in 2011 dollars.

http://www.bankofcanada.ca/rates/related/inflation-calculator/

 

[the_mueg]

Consider getting quotes for different locations. I did this for my insurance and it went to 1/2 the original price and I only moved 10km away. Age did not make as much difference.

 

[油井緋色]

I agree with rafiki here. I am over 19, got my M1 July 15 2011 called SF July 14, told them I don't have my M1 yet and how much would it be to insure a brand new ninja 250? they said $40/mo. anything over 600cc was in the thousands/yr.

So yeah.... it does seem like a lot of money, but you do have choices.

Where did you get this quote? I'm debating on just going without insurance next year until September. I've been driving for 6 years without any accidents, and am currently 24 and turning 25 in 2012 September. My insurance this year for my GS500F was $2600~ (give or take a hundred) from June to February. I REALLY do not feel like paying 2600 again knowing my insurance will drop down to 3 digits in September, but I don't want to stop riding for so many months &&|| play gambling with $5000 fine and points. I called Statefarm before and they quoted me something very similar with my current insurance rate (with TD).

Either way, insurance pisses me off, people like me pay insurance and our money is given to ppl who crash all the time. I can't even hope to get $$$ back because that involves getting into an accident...which I don't want to! Even if I'm not at fault.

 

[elton_t]

$2600 for gs500f!? i got a quote cheaper than u im 21 with R6

try john duffy and csib

 

[kellen]

You don't get anything until you "know" how to spell. I swear you under 30 kids are boarder line illiterate, (no what I'm saying?) Lol

Sent from my Nexus One using Tapatalk

fail

 

[油井緋色]

$2600 for gs500f!? i got a quote cheaper than u im 21 with R6

try john duffy and csib

What the ****?!?!?!?!

I'll do my shopping more indepth next year.

 

[VifferFun]

Either way, insurance pisses me off, people like me pay insurance and our money is given to ppl who crash all the time. I can't even hope to get $$$ back because that involves getting into an accident...which I don't want to! Even if I'm not at fault.

So people who get into accidents "want" to? Of course it will never happen to you . . .

 

[turbodish]

So people who get into accidents "want" to? Of course it will never happen to you . . .

I drive pretty carefully but would never presume that "it couldn't happen to me". Also, I didn't want to get into a head-on crash two days ago with a sports car that I insure even though I drive it only occasionally and was about to put away for the winter in another week anyways, but I did. I'm glad I had insurance on it, even if it was just the mandatory coverages and not collision. Now I don't have to worry about getting it ready for winter storage, and I have all winter to find a suitable replacement for it, and the insurance company will pay for it even without collision coverage seeing as I was on the right side of the yellow line and deemed not at fault.

 

[elton_t]

I drive pretty carefully but would never presume that "it couldn't happen to me". Also, I didn't want to get into a head-on crash two days ago with a sports car that I insure even though I drive it only occasionally and was about to put away for the winter in another week anyways, but I did. I'm glad I had insurance on it, even if it was just the mandatory coverages and not collision. Now I don't have to worry about getting it ready for winter storage, and I have all winter to find a suitable replacement for it, and the insurance company will pay for it even without collision coverage seeing as I was on the right side of the yellow line and deemed not at fault.

no need to explain your story

just ride with insurance if you can afford it, otherwise ride without it or dont ride at all

quite simple

nobody cannot predict accidents.

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