Will brothers insurance effect me? | GTAMotorcycle.com

Will brothers insurance effect me?

M

m0hawk

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Just called my local state farm agent he said he needed information for all the drivers in my household (just my older brother) and this was the norm for all state farm agents. No other company has requested this information so far and it's got me curious. Furthermore, my brother (31, G for 8 or so years) has a plethora of tickets from speeding to insurance fraud. He is currently insured and has a car which is insured under ONLY his name as primary. I was not a part of his policy but drove the car once or twice a week at most. Is any of this information going to effect my "experience" as a driver or my insurance rates in general? I will be 22 in May and have had my G2 since i was 16, G for over a year now. Looking to get an ex500 or gs500. Appreciate any input.

Cheers


ps. will a ninja/cbr 250 be cheaper than ex/gs500 because of the cc's even though they are considered sport bikes?
 
If he doesn't have an "M" license than it won't effect your "M" license insurance.
If he does than they will base your insurance on the highest risk operator in the household, The only way to get around that is to have the other person sign a waiver saying they are not insured and if anything happens to the bike while in their possession the insurance will be void.

They ask that due to all the people that can't afford insurance and put it under someone elses name (Parents) that they live with to get a better rate.

They are just trying to protect themselves.


PS: The 250 and the 500 would be in the same class (The 500cc would cost more on insurance because it is bigger) and none of them are considered sport bikes.
 
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Thanks a lot that clears up quite a bit. Thankfully he does not have nor intend to ever get on a motorcycle
 
jeffjones said:
If he doesn't have an "M" license than it won't effect your "M" license insurance.
If he does than they will base your insurance on the highest risk operator in the household, The only way to get around that is to have the other person sign a waiver saying they are not insured and if anything happens to the bike while in their possession the insurance will be void.

They ask that due to all the people that can't afford insurance and put it under someone elses name (Parents) that they live with to get a better rate.

They are just trying to protect themselves.


PS: The 250 and the 500 would be in the same class (The 500cc would cost more on insurance because it is bigger) and none of them are considered sport bikes.
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I'm pretty sure the form is filled out/signed by the policy holder stating that they're going to be the only operator of the vehicle in the household not by other people that can potentially ride/drive it.
 
PLau said:
I'm pretty sure the form is filled out/signed by the policy holder stating that they're going to be the only operator of the vehicle in the household not by other people that can potentially ride/drive it.
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False.

It's an inclusive policy, so for some policies to take hold, the insuring company will ask any potential operators in the household to opt-out, otherwise they won't insure.

Same thing could happen with any insurable vehicle in your household whether they've operated it previously or not. It's a way for the company to mitigate risk.
 
jeffjones said:
If he doesn't have an "M" license than it won't effect your "M" license insurance.
If he does than they will base your insurance on the highest risk operator in the household, The only way to get around that is to have the other person sign a waiver saying they are not insured and if anything happens to the bike while in their possession the insurance will be void.

They ask that due to all the people that can't afford insurance and put it under someone elses name (Parents) that they live with to get a better rate.

They are just trying to protect themselves.


PS: The 250 and the 500 would be in the same class (The 500cc would cost more on insurance because it is bigger) and none of them are considered sport bikes.
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They are either considered standard or sport bikes. The class he's trying to avoid is supersport or super sport (forgot if there is a space) as they are mostly blacklisted by companies (except TD and SF..? Maybe others...?)

As for the OP, I would strongly suggest you grab quotes BEFORE looking for bikes. The difference between a 250 and 500 (insurance wise) a few years back was massive for me, around $1,000.
 
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油井緋色;1971106 said:
They are either considered standard or sport bikes. The class he's trying to avoid is supersport or super sport (forgot if there is a space) in the case of StateFarm.
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I think you mean every company except SF.

At SF a 600 SS is the same class as a 600 cruiser.
 
jeffjones said:
I think you mean every company except SF.

At SF a 600 SS is the same class as a 600 cruiser.
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Yeah...oops lol

I just didn't know super sports and super bikes were actually called that...until I saw my insurance classification lol
 
油井緋色;1971106 said:
They are either considered standard or sport bikes. The class he's trying to avoid is supersport or super sport (forgot if there is a space) as they are mostly blacklisted by companies (except TD and SF..? Maybe others...?)

As for the OP, I would strongly suggest you grab quotes BEFORE looking for bikes. The difference between a 250 and 500 (insurance wise) a few years back was massive for me, around $1,000.
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Thanks for the heads up. I'm going to put a pause on everything motorcycle until I complete the course in April. Looks like insurance companies so far prefer me to have my m2 first. I always had a notion that the "sport touring" concept would have a greater impact on insurers other that State Farm. Any 250cc sport touring bikes out there? i.e something with a more relaxed seating position.

Cheers
 
m0hawk said:
Thanks for the heads up. I'm going to put a pause on everything motorcycle until I complete the course in April. Looks like insurance companies so far prefer me to have my m2 first. I always had a notion that the "sport touring" concept would have a greater impact on insurers other that State Farm. Any 250cc sport touring bikes out there? i.e something with a more relaxed seating position.

Cheers
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I know the Ninja 250R and CBR250R have a relaxed seating position compared to any supersport/superbike. I'm 5'6 though so to each their own lol
 
The GS and Ninja 500 are also classifed as sport touring. The GS has a more relaxed/upright position, whereas the Ninja 500 is a little more aggressive. The Ninja is lower (about an inch shorter.)

Out of the Ninja 250/500, CBR250, and GS500 the GS has the most touring-like position. Although the difference isn't very much. I'd suggest sitting on them all to see which one you like the best. Keeping in mind, you can get bar-risers for most bikes to raise the handlebars up higher.

The 250's will be cheaper than the 500's for insurance, and the Ninja 500 will cost more than the GS500 (at least with TD if you go with them. Not sure of other companies.)


Also consider the price of the bike. Assuming decent condition/milage: Used newgen ninja 250's (08+) are listed for anywhere between 3-4500. A Ninja 500 (they were discontinued in '09) can be had for 2-3000. A GS500 can be had for somewhere around 2500-3500. A pregen ninja 250 ('07-) I would say is priced around the same as a Ninja 500.
Can't really say much about the cbr250 price, haven't looked into them very much.

What you save on insurance, you might end up paying for on the cost of the bike.
 
+1 on GS500.

But then again, I used to own one as well so there is bias <_<
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