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Discussion Starter #1
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 :D) 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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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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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 :D) 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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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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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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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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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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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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For three months of using the motorcycle, I paid compulsory insurance 1125 ₽. This is approximately equal to 17 $.
 

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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.
 

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Discussion Starter #13
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.
Wow, is that liability or full coverage?
 

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Discussion Starter #14
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 /forum/images/smilies/tango_face_grin.png) 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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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.
 

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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
 

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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
 

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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.
 

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Discussion Starter #20
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?
 
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