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Old 05-31-2003, 10:11 PM   #1
Rafi
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Default First Post :P

Are you sure the $4000 isn't for full coverage? If so, do like me (my insurance on my F3 would have been sky-high if I fully covered the bike) and get just the minimum coverage the law requires.



It should get you to a reasonable level.



I ended up selling the F3 and getting a naked sportbike = much cheaper to insure, and just as fun (or more fun!).
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Old 05-31-2003, 11:54 PM   #2
Pacer
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Default Re: Hit Before Even Riding, Heads Up to Newbies

I have just liability, and for a year it is only $300. I have one ticket, and the bike is 1000cc. My coverage is through Mendota. On the flip side I was looking at a real sweet FZR400 with a worked over 600 motor and that was only going to cost $35 a year. Anything under 500cc is real cheap. If you have the title in hand just get liability.
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Old 05-31-2003, 11:56 PM   #3
Pacer
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Default Re: Hit Before Even Riding, Heads Up to Newbies

By the way I am 28, 25 is the cut off to be a responsible adult.
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Old 06-01-2003, 03:39 AM   #4
dmcelvain
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Default Re: Hit Before Even Riding, Heads Up to Newbies

I'm sure that very high figure is for full coverage. There are a few things you might want to try first before giving up on motorcycling.

1. Shop around - Rates can vary VASTLY from company to company. Some companies don't want the hassle of insuring sportbikes, and their rates show it.

2. I would NOT go with the state minimums or a fly-by night company. Insurance is there for when you really need it. If you have an accident and a judgement goes against you, it could absolutely wipe you out, financially.

3. Consider a different class of bike. Sportbikes are sexy and tempting, but they are expensive. Not just the cost of the bike, but (as you found out) insurance, and the incidentals, like tires, brake rotors, chains, etc.

Personally, I'm fond of dual-sport bikes. A used one can be picked up fairly inexpensively. Insurance on them is LOW since they aren't on the thieves, cops, or insurance company's radar screens. Fit a set of semi-sticky tires on comething like a KLR650 and you'll be hopping off curbs with a big dopey grin on your face in no time.

Spend a couple of years on that. Hopefully, by that time, you've been a good boy and that record will be cleaned up. Perhaps the economy will be better and maybe your financial picture, as well. You can re-visit the sportbike realm with a clean record, and important rider experience.



Oh, and beware of the 'bargain' bike. The sales price may be only half the story. The bike may need tires, chain/sprockets, bearings, engine work, seals/gaskets, you name it. That leaves you with a $1500 bike that may need $1500 more to make it right. No matter what you buy, unless you know what you're doing, have the owner take the bike to your dealer/mechanic and pay the shop $50 to give it a look over. It could save you a TON of money in the long run.



You may not get exactly what you want, but at least you're out there. Good luck!
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Old 06-01-2003, 04:47 AM   #5
Orangetrak
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Default dmcelvain hit it on the head.....

1) Shop around!

2) If used, aviod having damage protection for your bike, but have high limits on everything else.

3) Buy a non-faired bike, 600cc or less

4) Have a 2nd opinion befroe buying aused bike.

5) I'm a recruiter in L.A. Unless you are in I.T., there are MANY jobs out there. ( If you are in I.T., you are screwed )



Good luck!!!
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Old 06-01-2003, 05:13 AM   #6
runner00
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Default Re: Hit Before Even Riding, Heads Up to Newbies

Give me a break dude. A 1500 dollar motorcycle does not require theft or collision. If you can't afford to loose 1500 dollars , god forbid, you should not even be riding. You only need to insure things of great value because it would be difficult to replace. Dude just do the math and use your head. You should be more concerned with learning how to be a good rider. Being a good rider will do more for protecting you and your motorcycle than collision and theft insurance. I estimate I have saved > 30,000 dollars in my 20 + years of riding by not having

theft and collision. Your focus should be becoming an smart and skilled rider. Welcome bro. Become road smart and skilled and you place the odds in your favor and just like me you will reap the rewards.
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Old 06-01-2003, 05:16 AM   #7
runner00
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Default Re: Hit Before Even Riding, Heads Up to Newbies

ps....I happen to like ninja 250's .
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Old 06-01-2003, 05:40 AM   #8
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Default Re: Hit Before Even Riding, Heads Up to Newbies

Good purchase. Find cheaper liability coverage and spend a bunch on track days. Hone your skills and you'll soon learn that that ancient 600 will still keep up or even beat the latest and greatest when handled with skill.
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Old 06-01-2003, 06:31 AM   #9
Hadji
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Default Responsible 25 Year Old? Is there such a thing?

WTF?! With a "dirty" driving record! And you want to get a CBR600F2? It's newbies like you (young, inexperienced and on a bike that is more than you can handle, living in a congested city) that drove up the rates for the rest of the motorcyclists (and that is the same for the "old" newbies, too!). How about getting a dual-sport, like a Suzuki DR350, or KLR650? I pay $75 a year for insurance on my DR350. Of course, I turn 39 tomorrow and that might have something to do w/it. Plus, I don' t live in LA anymore. You'll be surprised how well they corner in the twisties and they will teach you how to maintain your cornering speed w/momentum rather than twisting the throttle/hitting the brake, i.e. you'll be smoother in the corners. If you are really hardcore, find a supermoto. It will outperform that CBR in everthing but dragracing/top speed. You'll have a better chance of surviving and "maturing" as a motorcyclist. I like your choice of bike, but, as I recall, it was stolen quite a bit and wrecked a lot by the riders who bought them, hence high insurance rates. How about a used Honda 650 Hawk? At 230 lb, torque is more important than HP. I can relate, I'm 6'-0" and 235lb. You could move out of LA or even California.



Good luck!



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Old 06-01-2003, 07:17 AM   #10
Viffer-dude
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Default Re: Hit Before Even Riding, Heads Up to Newbies

Since you're just writing a check and not doing any financing, carry 100/300k liability and a few thou in medical. I pay about $145 a year for that type of coverage with Progressive. Be prepared to shell out some bucks to fix your bike if you break it.

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