Young Riders (16-24yo) -- What are you paying for insurance?


OPERATOR:
Operator Age: 18
Years Licensed on Motorcycle: 2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L5M

MOTORCYCLE:
Year of Bike: 2010
Make of Bike: YAMAHA
Model of Bike: FZ6R
Displacement (CC): 600cc

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Desjardin
Did you purchase Collision coverage (Y/N)? N
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $735.00​



Please note, I am very lucky in that my father has his motorcycle license as well and I'm assigned as a SECONDARY DRIVER. This is possible because we both live under the same roof and have only one motorcycle owned. The FZ6R though a sporty bike, is classified as a SPORTS TOURING bike. Expect to pay in the low 1000s otherwise!
 
OPERATOR:
Operator Age:18
Years Licensed on Motorcycle:2 1/2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L7G

MOTORCYCLE:
Year of Bike: 1982
Make of Bike: Honda
Model of Bike: Twinstar(CM200T)
Displacement (CC): 200CC(194CC)

MOTORCYCLE:
Year of Bike: 2008
Make of Bike: Kymco
Model of Bike: Vitality 50 2T (scooter)
Displacement (CC): 50CC (49cc)

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Certas Direct(Both Bikes)
Did you purchase Collision coverage (Y/N)? N
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? N
Annual Premium: $797 - For the Honda | $293 - For the Kymco(scooter)


I'm quite surprised about the prices I pay. Figured they'd be much higher than what I'm paying.

Also.. Vintage bikes are the best.. but horrible to find insurance for.
 
OPERATOR:
Operator Age: 24
Years Licensed on Motorcycle: 3
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: (sorry not posting this so, north-east area of north york)

MOTORCYCLE:
Year of Bike: 2008
Make of Bike: Suzuki
Model of Bike: Gsxr 600
Displacement (CC): 600

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Statefarm
Did you purchase Collision coverage (Y/N)? No
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Yes
Annual Premium: $3100 (just dropped this month used to be $3600)
 
cpgop said:
OPERATOR:
Operator Age:18
Years Licensed on Motorcycle:2 1/2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L7G

MOTORCYCLE:
Year of Bike: 1982
Make of Bike: Honda
Model of Bike: Twinstar(CM200T)
Displacement (CC): 200CC(194CC)

MOTORCYCLE:
Year of Bike: 2008
Make of Bike: Kymco
Model of Bike: Vitality 50 2T (scooter)
Displacement (CC): 50CC (49cc)

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Certas Direct(Both Bikes)
Did you purchase Collision coverage (Y/N)? N
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? N
Annual Premium: $797 - For the Honda | $293 - For the Kymco(scooter)


I'm quite surprised about the prices I pay. Figured they'd be much higher than what I'm paying.

Also.. Vintage bikes are the best.. but horrible to find insurance for.
Click to expand...

Who's your broker? If I could insure a little runaround bike (like the scooter) for $300/year I'd totally have a new toy!
 
So essentially it's your dad's bike not yours and I suspect you'll be riding it more frequent that him (if he will ride it). All and all, it's a very nice amount for your age if things go well.
vpetkar said:

OPERATOR:
Operator Age: 18
Years Licensed on Motorcycle: 2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L5M

MOTORCYCLE:
Year of Bike: 2010
Make of Bike: YAMAHA
Model of Bike: FZ6R
Displacement (CC): 600cc

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Desjardin
Did you purchase Collision coverage (Y/N)? N
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $735.00​



Please note, I am very lucky in that my father has his motorcycle license as well and I'm assigned as a SECONDARY DRIVER. This is possible because we both live under the same roof and have only one motorcycle owned. The FZ6R though a sporty bike, is classified as a SPORTS TOURING bike. Expect to pay in the low 1000s otherwise!
Click to expand...
 
drumstyx said:
Who's your broker? If I could insure a little runaround bike (like the scooter) for $300/year I'd totally have a new toy!
Click to expand...

I went through Desjardin(Certas Direct is their Underwriter/name on the slip), scooters/50cc's are fun, and gave me something to drive for 2 ish years until my insurance dropped. Considering I was 16 at the time. Hope this helps you get a new toy :)
 
cpgop said:
I went through Desjardin(Certas Direct is their Underwriter/name on the slip), scooters/50cc's are fun, and gave me something to drive for 2 ish years until my insurance dropped. Considering I was 16 at the time. Hope this helps you get a new toy :)
Click to expand...

Do you have a car insured with them as well?
 
OPERATOR:
Operator Age: 22
Years Licensed on Motorcycle: 1 1/2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: Toronto

MOTORCYCLE:
Year of Bike: 2011
Make of Bike: Kawasaki
Model of Bike: Ninja 650R
Displacement (CC): 649cc

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Personel
Did you purchase Collision coverage (Y/N)? N

Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? N
Annual Premium: $ 2700.00

If
1. your stats are similar to mine
2. you think my quote is good
3. you can't get anything better

PM me. I can probably help ya out ;)
 
OPERATOR:
Operator Age: 28
Years Licensed on Motorcycle: 10 months with M2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: M5J

MOTORCYCLE:
Year of Bike: 2013
Make of Bike: Mv Agusta
Model of Bike: F3
Displacement (CC): 675

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Statefarm
Did you purchase Collision coverage (Y/N)? Y
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Y
Annual Premium: $3005 (Incl. life insurance)

I've been told that SF doesn't care what license you have and premiums don't go down when going from M2 to M. Is this true?
 
OPERATOR:
Operator Age: 24
Years Licensed on Motorcycle: 2
Number of Claims in last 6 Years: 0
Number of Convictions in last 3 Years: 0
First 3 Characters of Postal Code: L7L

MOTORCYCLE:
Year of Bike: 2007
Make of Bike: Suzuki
Model of Bike: DR-Z400SM
Displacement (CC): 400cc

PREMIUM:
Insurance Company (Listed on the Pink Slip, not the broker): Desjardins
Did you purchase Collision coverage (Y/N)? No
Did you purchase Comprehensive (i.e. Fire & Theft) coverage (Y/N)? Yes
Annual Premium: $1049

*** NEWER RIDERS: Must have moto-school certificate to be a candidate...
*** Would have been $921/yr for liability only.
***Last year was with statefarm, 2006 Honda cbr600rr, liability only/bike only, 3400/yr. Bye Bye SS... Couldn't be happier with the DRZ!!!

KarGo said:
**** ya! my renewal form just came, my insurance decreased 300$ to 1050
Going to call around since some of you have cheap rates with TD and statefarm
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I'm not sure that we will see any lower rates than this! Our age/stats are similar, I just finished shopping around and desjardins was offering minimum 500$ less than anywhere else I contacted.
 
justinrr said:
operator:
Operator age: 23
years licensed on motorcycle: 4
number of claims in last 6 years: 0
number of convictions in last 3 years: 2
first 3 characters of postal code: M2n

motorcycle:
Year of bike: 2011
make of bike: Bmw
model of bike: S1000rr
displacement (cc): 1000

premium:insurance company (listed on the pink slip, not the broker): Security
did you purchase collision coverage (y/n)? Y
did you purchase comprehensive (i.e. Fire & theft) coverage (y/n)? Y
annual premium: $7500
Click to expand...

baaalllaaaaa
 
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