That's double the value of the bike. Not worth it, in my opinion. What about just liability only instead of full coverage?
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Seeking someone to look over a first bike for me
- Thread starter MaksTO
- Start date
That would lead to my second question. Which is likely more suited to the insurance thread. But how much should I get covered?
At the moment the broker offered me:
“$1 million liability, standard accident benefits, collision and comprehensive with $1000.00 deductibles. Approximately $215.00/month on the CBR125R”
blackcamaro
Well-known member
I’d skip the collision on a bike of that value especially with $1000 deductible. Doesn’t make sense to carry it.
Mad Mike
Well-known member
I'd keep shopping. Try Dalton Timmins, they looked after my son when he got his M2 at 18 (5 years ago) -- charged him $800/yr on a Ninja 250. I can't imagine it's tripled in 5 years for a smaller bike. Make sure you are quoted on M2 exit rates.
That was my quote with Dalton Timmins. Could also be high because I live in downtown Toronto.?
Edit: 2549 is the exit rate
Just finished my fourth year of undergrad! So I will definitely do that, thanks!
Yep DT Toronto definitely doesn't help!
I'd actually love a dual sport. But it seems like 125-250 "sport" bikes are what is most common / easy to resell. I also don't think they are necessarily put in a sport bike category because they are quite underpowered and basically strictly owned by learners.
My other issue is that if I do find a crf or wr, it will most likely be very far from downtown. Even dealing with this Orangeville bike is a little time intensive for me, and those around me (which, while appreciating everyone's help, I also don't want to be a bother). Just found a CBR250 in Scarborough, which is going to be a trek for me, but doable. So hopefully I will go see that bike in person and possibly get it.
I'd feel so at home on a dual sport. Owned a TTR125 as a kid for a year before I had to sell it.
Relax
Well-known member
If you're OK with the insurance on the CBR250, then I'd recommend that. I had a 2011 CBR125R for one summer, and while it felt light and nimble, and was pretty fun to ride around town up to about 60 or 80, it was garbage (I'd go so far as saying unsafe) for merging onto the highway when cars are coming up to you at speed, as well as maintaining speeds over 110 (you'll be tucking all the time).
Yeah, I seem to be getting pushed quite hard to go 250. Might call the mech who was going to go see it and just call it off. Hopefully him and the seller won't be too ****** off at me ugh.
From browsing on other forums online, my rate seems pretty good considering I've heard of people being quoted for $5000+ for their first bike (250-300s) at around my age, maybe a bit younger.
If i remove collision (which realistically I wont need on a $2000 bike. Id rather bin it than get an increased premium in that event scenario), that lowers my premium by almost $500. making it about $2100 for a CBR250.
Will call TD and see if they can do any better.
No way would I be putting collision on a $2000 bike. $500 saved could fix pretty much anything, at least thats how I see it. I don't have collision on my $4k bike.
Perfect, yeah I was discussing this with some other people yesterday as well and heard the same. Seems most people either don't have collision, or just put a maxed out deductible so insurance wouldn't have to touch it anyway.
So I remove Collision and that fixes the suspiciously high premium I guess.
It just depends on what you are comfortable with. Personally I prefer to save the money on my premium. Worked for me so far. Knock on wood...
Just found this bike. Seems modified as hell (though the seller also seems to know what they were doing and seems to have been pretty honest in the writeup, which is always a good thing imo), and scraped to ****. OK with scrapes if not structural. But $2300 for 18k?
2012 Honda CBR250R | Sport Bikes | Oakville / Halton Region | Kijiji
2012 Honda CBR250R | Sport Bikes | Oakville / Halton Region | Kijiji
Track bike, beat to hell, useless (and potentially illegal) turn signal/tail light, no ABS, not cheap. I would give that one a hard pass.
Perfect, was concerned about the lights as well yeah..
Is it really common for these things to sell in the $3,000 range?? Found one for $2100 which I will be looking at Sunday, but the others seem way higher. Either the $2100 one is ****** in some way (but it has low miles so I'm doubtful of that?), or the others are over-asking?
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