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  Topic Review (Newest First)
12-02-2019 09:53 PM
crystian11 So I started riding on an R3 at 24 years old. I loaned my bike and paid it in a few months but I paid roughly 1000 a year for full coverage a year. I live in Boston so we are not known to have good driver so I also had medical on my insurance. I only paid around 85-90 a month. In the winter time I removed all the coverage except for Comprehensive which brought down my monthly payments to around $40 from December-March. I got a new R6 a year later and I pay the same amount for the same coverage.

You don't have to put collision if your bike is paid off but if you're beginning and you crash you have to pay for your own parts. To a beginner I would recommend it mostly for peace of mind.

On that note you should def have comprehensive (in case it gets stolen), Medical (in case you get hurt, some health insurances wont cover all the cost of an accident sometimes), and what ever coverage your state requires.

As a young rider you will keep paying a lot more and if you move to a bigger displacement bike it'll be even more (specially if you stick with a sport bike). I would also have high uninsured coverage, some users posted what they have and why it's important and I agree with them. Having the cheapest insurance is not all you want to look for, you want to make sure that the coverage is the right.

Hope that helps.
11-28-2019 09:35 PM
cornerslider WOW.... I guess I have things pretty good!!! My wife and I are late 40's/early 50's. We have 4 bikes- CBR250R, FZ-07, and a pair of R3's. Our TOTAL insurance bill for all 4 bikes is $388 a year for full coverage!!! We are with USAA, which is underwritten by Progressive Insurance. We have a $1,000 deductible on all our bikes, which really helps. I figure we aren't going to claim anything with our insurance for anything less than $1,000 anyway? We both have clean driving records, but my wife did "total" her first bike in 2014 (on the same policy) and are rates stayed close to the same. Progressive was great during the claim as well. They even covered her riding gear! Maybe consider the $1,000 deductible? My thoughts are, insurance is to cover "great losses", not boo-boo's..... Just my two cents-
11-28-2019 12:13 AM
raize Next bike is already picked out. New Triumph Street Triple RS.
11-23-2019 10:36 PM
yamahar34life
Quote:
Originally Posted by Mike Kovacs View Post
Quote:
Originally Posted by BluebirdR3 View Post
Well us Canadians get boned for insurance. I'm a 49 yr old male with safety course and driver training, clean record with no accidents, was paying $768 a year, it just dropped to 588 per year because I went from a M2 license to full M. In Ontario, you first get your M1 as a learners permit then you have to get your M2, then your M. Graduated licensing system. It makes sense on paper but reality is that with an M1, I can go and rip any bike I want as long as its insured. So if I have insurance for an R1, I can go write the test, pass and be riding the M1 that day without anything else.
Yes we sure do get boned. I pay about the same as you, riding one year with M2 license, took safety course, 30 year clean driving record. For me to step up to any bike above 500cc I'm looking at doubling that number or more. So I will be riding this R3 for at least a couple of more years what I really want is something more like a sport touring bike I can take my girl on.

Will take my M test in the spring when I hit my 18 months with M2.
Speaking of sport touring, I'd really love for my next bike to be one such as a Ninja 1000. It has the power of a supersport but the comfort of a tourer. But certainly not for now, I love my baby far too much.

What bike were you thinking as your next step up?
11-21-2019 01:39 PM
Mike Kovacs
Quote:
Originally Posted by BluebirdR3 View Post
Well us Canadians get boned for insurance. I'm a 49 yr old male with safety course and driver training, clean record with no accidents, was paying $768 a year, it just dropped to 588 per year because I went from a M2 license to full M. In Ontario, you first get your M1 as a learners permit then you have to get your M2, then your M. Graduated licensing system. It makes sense on paper but reality is that with an M1, I can go and rip any bike I want as long as its insured. So if I have insurance for an R1, I can go write the test, pass and be riding the M1 that day without anything else.
Yes we sure do get boned. I pay about the same as you, riding one year with M2 license, took safety course, 30 year clean driving record. For me to step up to any bike above 500cc I'm looking at doubling that number or more. So I will be riding this R3 for at least a couple of more years what I really want is something more like a sport touring bike I can take my girl on.

Will take my M test in the spring when I hit my 18 months with M2.
11-20-2019 09:36 PM
Briankeith757 Did you take the MSF riders course...if you passed that let your insurance company know and they might give you a discount.. Im alot older than you but i pay 26.00 a month for full coverage with state farm
11-20-2019 08:15 PM
Clone_15 Adding to the data points here, I'm 24 living in Illinois and I pay about $500 a year for 150K liability and bodily injury with matching under insured plus comprehension (basically everything but collision coverage since that was quoted to me at 1700 a year).



I paid for my R3 in full and have ABS so that might lowered it too.



-Clone_15
11-20-2019 07:55 PM
raize Bear in mind that under-insured is desirable in addition to uninsured. Just because someone has insurance, it doesnt mean they have enough to cover and damage they might do (medical bills run up real high, real quick). In addition, remember that uninsured is what saves your bacon in a hit-and-run as well. If the other driver takes off and is never caught, you can't even hope to sue them to recoup medical costs. All things to keep in mind when setting your insurance limits. FWIW, 37 y/o with clean record at ~$45/mo in a dense, urban area. When I drop coverage to comp only in the winter, it comes down to ~$15/mo.
11-20-2019 07:05 AM
BluebirdR3
Quote:
Originally Posted by yamahar34life View Post
Wow, is that liability or full coverage?

Full coverage. But still, it's ridiculous.
11-18-2019 11:09 AM
yamahar34life
Quote:
Originally Posted by 19Matte View Post
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 [IMG class=inlineimg]/forum/images/smilies/tango_face_grin.png[/IMG]) 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.
Talk about expensive, I was quoted 2500 for full coverage (lowest I found). Makes sense as an 18 year old hehe
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