Insurance - real world rates - Yamaha R3 Forum
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post #1 of 23 Old 11-13-2019, 06:17 PM Thread Starter
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Question Insurance - real world rates

Hi all,

I'm new to the R3 family and was curious as to how your insurance rates were like. I am an 18 year old M, with a clean record (no tickets or accidents ) and am quoted for $265 for liability insurance. I live in NY. I feel pretty happy with the rates and it was the lowest I found.

What about you guys?
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post #2 of 23 Old 11-14-2019, 09:44 AM
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I bought my bike outright (didn't finance it) just so my insurance was cheaper (didn't have to have collision).
So Liability and *Uninsured motorist (*loads of them driving around) for me is $135 a year. (middle age with no accidents/tickets/violations against me).

They wanted $1,500.00 for full coverage for a year. No way.
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post #3 of 23 Old 11-14-2019, 03:14 PM
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Quote:
Originally Posted by yamahar34life View Post
Hi all,

I'm new to the R3 family and was curious as to how your insurance rates were like. I am an 18 year old M, with a clean record (no tickets or accidents ) and am quoted for $265 for liability insurance. I live in NY. I feel pretty happy with the rates and it was the lowest I found.

What about you guys?

Your age is going to drive most of the price. I expect adding collision coverage would be VERY expensive for you. I would think you would want comp though in case it is stolen. Comp isn't usually very expensive.



As for me I am middle aged with a clean record and full coverage for my 2019 is $330 a year.
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post #4 of 23 Old 11-14-2019, 04:08 PM
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For a bit of international comparison, In New Zealand I have full comprehensive insurance for $508 USD a year. If anything happens it's covered as long as I pay the $190 USD excess fee. The bike is insured for $4000 USD.

When I get my full license and have it for two years, the above prices will reduce considerably.
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post #5 of 23 Old 11-14-2019, 08:18 PM
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Originally Posted by 19Matte View Post
As for me I am middle aged with a clean record and full coverage for my 2019 is $330 a year.

Who do you have insurance through (PM me if want).



I was surprised that the insurance company I have been with for years (with too many vehicles through them) wanted so much from me on this small of a bike. I need to check around but haven't taken the time to do so yet.
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post #6 of 23 Old 11-15-2019, 01:55 AM
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I am 35, no accidents or tickets on my record. I have State Farm and I pay $22 a month, or $264 a year. I do get the multi car/house discounts since I have 3 other vehicles insured as well as my home.

For all my vehicles, a C6 Corvette, Nissan 370Z, Chevy Silverado, and my R3 I pay $180 a month(all are full coverage).
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post #7 of 23 Old 11-15-2019, 01:56 AM
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FYI limits matter.

Insurance not gonna do much if you have the bare minimum limits.
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post #8 of 23 Old 11-15-2019, 08:20 AM
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Originally Posted by 19YAMR3 View Post
Who do you have insurance through (PM me if want).



I was surprised that the insurance company I have been with for years (with too many vehicles through them) wanted so much from me on this small of a bike. I need to check around but haven't taken the time to do so yet.

I'm too new to PM but I have Nationwide. I am maxed on discounts including the 7% paid in full discount.
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post #9 of 23 Old 11-15-2019, 08:31 AM
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Originally Posted by sLing View Post
FYI limits matter.

Insurance not gonna do much if you have the bare minimum limits.

They do very much. Liability limits are not as much a concern because motorcycles don't do as much damage theoretically. However you have to have high BI limits if you want high uninsured or underinsured coverage. That is definitely a coverage you want.
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post #10 of 23 Old 11-16-2019, 04:54 AM
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For three months of using the motorcycle, I paid compulsory insurance 1125 ₽. This is approximately equal to 17 $.
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