I'm 27 years old and have just got my M2. I live in downtown Toronto and I'm looking at a 1982 Suzuki GS650GL for $1500. So far I've been quoted nearly 4000 bucks for insurance! I'm from overseas and I knew I was going to get screwed...but really?!! That quote was Intact - there's got to be a better option out there??
Struggling to not get screwed...
- Thread starter blackie13
- Start date
leon_nerd
Well-known member
Do you have driving history? Which company you are getting your quotes from? Check http://www.ridersplus.com/ if you haven't got the quotes from here. I have 3 years of driving exp. and no motorcycle experience. I checked the site for quotes for a 2009 Ninja 250 and it came out to be $1400. I am 32 yrs old. $4000 seems way higher. Seems like it is becoz of higher CC. What about going for a 250 or 300?
Did you phone them, or just get a quote from their web site ? (web site mentions quote-by-phone could be lower)
Getting insurance on an older bike adds complications. For a cheap ride, a modern 125 or 250 cc honda or ninja are your best bets. They will cost a little more upfront, but will likely have the lowest insurance rates and will be really easy to sell for not much less than you paid for them.
yeh that was over the phone. Trying everyone I can!
starboy869
Well-known member
^ that
It'd be easier to sell a newer 125cc/250cc/300cc bike than an older 650cc. besides the newer cbr are holding there price pretty good. Say you bought a 125 for $1700 Next year when you upgrade you'd probably get $1600 for it next spring if it's in good shape and safety checked. As that 650 will probably sit for a long time at $1000 and then someone lowballs you to $600.
It's the thing to do, especially downtown. Until they give up and buy a newer reliable bike.
If you want a solid bike that is reliable and easy to work on, get a Ninja 500 (EX500). Under 500cc so falls into a lower group with most insurance companies. And if you insist on a GS650 from 1982, pay 500 bucks not $1,800. If you prefer the standard/cruiser look, get a Vulcan 500, same engine as the Ninja.
Try State Farm and TD as well.
Try State Farm and TD as well.
Couple of weeks ago I ran into a downtown bartender coming back to Toronto from Montreal at a 401 rest stop. On what I think was a CB450. With ape hangers. Neat bike, but not sure I would use it as my primary transportation.
Oh and his headlight wasn't working. At 10pm. On the 401.
He did have a cool metalflake lid though, definitely vintage.
