Aeroflaire
Member
Buy a new helmet, but don't buy the $1000 one either. As for the rest of your gear consider buying used - Kijiji is a good resource and there are a few consignment shops around like Re-Gear in Oshawa...you should be able to get outfitted for the $500 range easily, IMHO. 2K is going to buy you nice gear and would be easy to spend, sure, but you're going overkill for a beginner IMHO.
M1 is $40 or something like that and the motorcycle foundations course which includes your M1 exit runs about $500, so you don't need $1000 there either.
Not sure what you're planning on buying yet, but as has also been mentioned there are FAR cheaper bikes out there unless you really want to buy new. Used 250's can be had for the mid $2K range all day long, and IMHO given your age and the fact you're a beginner I think you'll quickly find that the 250cc range is going to be about the limit from an insurance affordability scale.
The several other thousand dollars you can save in just the above can go towards your insurance.
See, one problem with all those quotes, is that you're taking it out of context. I know I don't need that much, but I'm saving that much, and when I pay for it all, I'll have extra leftover, which will go towards insurance.