3. Price Insurance

Top 10 Insurance

If you’re young and male and have speeding tickets on your record, you know you’re going to take a beating on insurance. However, even people with pristine records will benefit from finding out how much it will cost to insure their bike. Remember, if you’ve got a loan, you’ll need to carry full-coverage insurance. So, factor that into your monthly budget. Insurance costs often play heavily in young riders’ decision to unload their motorcycle after just a year or two.

After pricing insurance for new bikes, many new riders realize that they need to buy a used starter bike that they can afford to pay cash for and reduce their insurance costs. Remember though, what you’re really doing is self-insuring for repairs to your own bike if you have an at-fault accident.

  • Starmag

    My first streetbike. 1966 Ducati Falcon 50. $75 from Mukwonago Fireman’s Park annual flea market. Thanked my dad thousands of times for buying it for me until he made me earn it through extra chores. Thought I’d burn out my retinas just from staring at it. Red,white, and blue sparkle 3/4 helmet. Insurance? License? Sure….
    http://www.coolitalianbikes.com/_/rsrc/1336235302975/1964-ducati-falcon-50/ebay-right.jpg?height=300&width=400

  • IslandTosh

    I was laughing as read #1, but then it started hitting a little too close to home. Now I can’t let the wife read it, least she realize the seriousness of my condition

  • JACKatSCOTTS

    I’ve owned three motorcycles up until this point in my life, but have only owned one at any single time. I’ve just purchased a new to me motorcycle yesterday, marking the first time I’ve owned two motorcycles at the same time. Pray for me.

    • Evans Brasfield

      Be careful. It’s a slippery slope…

  • John B.

    Great list Evans! I would add one item to your list. Think about what kind of riding you want to do: Daily Commuting; Track Day Specialist; Iron Butt Long Distance; Dual Sport Adventures; One or Two Up; Sunday Cruising; Off-road; or all of the above. If I were new to motorcycling today, I would consider the Kawasaki Versys 650 LT. That bike checks many boxes for new and experienced riders.

  • Sloan Essman

    A Honda 599 as on “6 -buy a used bike” was my first, and it was bought used. Loved it but later got something with a little more wind protection for long trips (VFR800)