Insurance question?

[RSX-REX]

I have a question for you guys reguarding insurance.
I am looking at getting a hayabusa.
I've already been quoted 1400 a year for full coverage.
300 ish a year for PLPD and Comprehensive without collision.

I'm going to go through a dealership to finance my motorcycle.
Do most insurance companies require you to have full insurance on your vehicle, the entire time you finance through them.
Will they allow you to take all insurance accept fire and theft off the bike during winter * you can't even ride during winter *
Also, the salesmen said if I am required to have full coverage before I take the bike off the lot, he said I can then turn around and just put liability insurance on the bike, and the insurance company wont really care or even know about it ** IS that illegal??**

I fully understand its next to impossible for you to tell me what the bank will agree upon due to the fact all banks are different. Plus when we take into the equation my financial situation, my credit etc.

So i'm asking you your experiences, what has happened to you in the past??


If it helps, my credit is 800 as of right now * perfect credit *
I work at a bank and make 27300 a year.

[Cowtown_Raider]

How old are you? $1400 a year isn't that bad for a bike like that.

Get a quote from PC Financial Insurance. I switched to them when I got a new car and I'm actually paying less per month ($153/month) than I was before with my old car...a 93 Mazda 323 worth about $800. I have comprehensive coverage on both vehicles with a $500 collision deductible...I think. They were the cheapest I could find.

You're a first year rider...chances are you're gonna dump your bike :). Might be worth it to have the extra coverage.

[RSX-REX]

Age is relentless at this point because i'm a first year rider. collision is expensive because of the overall price of the bike.
how much damage does it cause to a bike when you wipe out?? and it skids, is it worth it going through insurance.
And how much does collision usually go up after a spill?
I'm 19 years old. I did not wanto specify earlier, because people will say 19, wants a hayabusa etc... I'm tired of the hastle you know, just because other young adults missuse these machines and kill themselvs, doesnt mean everybody should be stereotyped. Besides the point however.
My original question, when you can ur bike, how much does insurance go up?

I hit a tree when I had my first car.. summer tires and roads were sheer ice after snowing all day. insurance went up I think 4 thousand a year with collision... same scenario with a superbike?

[danno]

well i'm not sure how much it will go up but i promise 90% of the companies that provide insurance for your bike will be within $5. there is a specific amount they charge and must follow that, there is the very odd chance you will find one that is more or less.

are you planing on falling??? if so don't ride that bike, take it easy for a while. i still can't justify riding a new bike and i've been riding for 2 years. either way good luck

[Cowtown_Raider]

We could preach about the risks he's taking with a bike this powerful first time on two wheels, but it sounds like he's hell bent on getting one. I personally started out on a 400 Maxim and worked my way up. Had my first minor spill this summer, after 13 years of riding. I took a corner to fast and had to go into the ditch...bike fell over in some loose gravel. I got up and rode away, but I was lucky. Could've been MUCH worse. No matter how much experience you have, these bikes tempt you to push it and eventually you will go down. I've lost count of the HOLY SHIT THAT WAS CLOSE moments, but that was more in my youthful years. Have to be more responsible now that I'm a Dad.

Rex, this may have been said before, but it's worth repeating. Take a riders course if you haven't done so already. After that, take a race school to learn how to really ride your bike. You'll get a whole new appreciation for riding after you've been on the track. You realize just how dangerous public roads are.

As for the insurance, if you're 19 and can get coverage for $1400/year, you're laughing. I thought it would be a LOT more than that considering your age.

Good luck and feel free to PM me if you have any other questions.

[marko polo]

dont worry about paying insurance cause if u buy that bike u WILL die in a month.

u gotta smarten up and be realistic man. do u really think u can handle the most powerful produciton bike u can buy, not are u only 19 but you will be a first year rider also, thats a recipe for disaster IMO

[Kobe]

Originally posted by marko polo
dont worry about paying insurance cause if u buy that bike u WILL die in a month.

u gotta smarten up and be realistic man. do u really think u can handle the most powerful produciton bike u can buy, not are u only 19 but you will be a first year rider also, thats a recipe for disaster IMO
Word, what the hell are you even thinking.. How can you concider buying a hayabusa for a first bike.

Your gunna cry yourserlf in bed at the hospital for crashing it or dropping it, in less them a month...

[Masked Bandit]

I thought about posting in this thread for a few days and the only thing that was stopping me was the fact that I didn't want to be the one to put a negative light on your hopes and ideas.

But after reading your posts I think I would like to comment.

As both a biker of many seasons and an insurance broker.....I don't care how responsible and level headed you think you are (and may very well be).....this could not be a worse idea. The fact that you are concerned about the implications of an accident on your motorcycle insurance shows me that you are not considering what an accident on ANY motorcycle will do to you personally.

Give yourself a chance to live long enough to see your future kids. Start your riding career on something much smaller. Your physical size is of no issue. I'm 6 feet tall and when I started riding I was around 250 lbs. My first bike was a 1984 Honda CB750 and it worked just fine.

Good luck.

[5hift]

You 've never rode before and you want to start on a Busa? You need to ask youself one question:

Am I getting into riding because I love bikes and have a general interest in them, or am getting into it because I think its cool and I want to attract attention/turn heads.

Unless you're getting a bike for the sole purpose of turning heads and being able to boast about having a litre bike, I dont get why you would start on a Busa.

[yellowsnow]

holy shit dude, do you have a death sentence? Do you even know what a hayabusa is capable of??

Have you ever ridden a sport bike? Work your way up, you don't become an awesome rider just cuz you ride a hayabusa. imagine how stupid you will look learning to ride on that bike... you'll be wobbling, jerky, unconfident, etc. people can tell right away, and they'll just shake there head at you cuz you're on a hayabusa.

get a used bike first, and get at least a year or two before upgrading. I had an R6 as my first bike last year, and that thing is fuggin fast when you open up the throttle. i can't even imagine how fast a hayabusa is.

[Cowtown_Raider]

I'm in favour of imposing restrictions on power/displacement for first year riders, although I don't know how effective it would actually be. Rider safety courses should be made mandatory as well.

I have to agree with these guys, tho...you'd be doing yourself a favour by starting out on a smaller bike. Even 600s are bloody powerful these days, but they're less prone to wheelies/wheelspin than litre bikes.

Rex, if you're going to ignore everyone's advice, take a rider safety course before you hit the streets...use your bike if possible.

Don't know if you've seen this site, but it's worth a look before you decide:

http://home1.gte.net/res0ak9f/bike.htm

[eclipse00]

^^

Great link man, and one of my favorites! :thumbsup:

I started way back when on a 92 CBR 600 and it was fun as hell! If you haven't ridden before you cant know what its like to accelerate faster then most cars you see on the streets! After that I bought a 02 Gixxer 750, again kick ass, I was still learning but I was comfortable on the bike! Rode that for 2 seasons and then picked up a 03 Gixxer 1000 and rode that for 3 years! Sold that bike and went back to a 06 Gixxer 600 to be a better rider and ride faster than I did in the past. That's now sold and I am just waiting for my 07 R1 to come in.

It takes a lot of time to be a good rider, I've been riding for 7 seasons now and still have a lot to learn. Experience takes time and I guarantee the first time you spin up the rear you will dump your bike!

Like everyone else my advice is to get a smaller bike.

[SJW]

I can't wait for the headlines.

[msommers]

Originally posted by SJW
I can't wait for the headlines.

Very cruel however straight to the point. I am really wanting to get into bikes, and all the people I know who have started and still pursueing, all started out with a 600cc. With the performance of my main bike in interest, R6, I'm still a little skeptical, especially considering how unexperienced I am and really how light I am. A safety course and some experienced friends teaching me, I think I should do alright. But with a major motorcycle injury in our family, I can't help but be cautious, and it wasn't even his fault.

From what riders have told me, getting used to your bike and riding is only half the battle on public roads. The other half seems to be watching out for yourself constantly as morons are somehow blind when it comes to seeing anyone on a bike, not leaving enough room, sideswips etc etc. Just my .02

[Masked Bandit]

Originally posted by msommers




From what riders have told me, getting used to your bike and riding is only half the battle on public roads. The other half seems to be watching out for yourself constantly as morons are somehow blind when it comes to seeing anyone on a bike, not leaving enough room, sideswips etc etc. Just my .02

Very true. Your abililty to predict what other vehicles will do in traffic will get better and better with time.

[RSX-REX]

I love all the help and advice.
I'll be getting a used 600 cc. Cheaper because I know i'll drop it once or twice.

I'll buy it with cash. and I want something nimble and slower to learn on before I jump into the bad boy bikes.
I gota jet, later guys, thanks for helping!

[Kobe]

Originally posted by msommers


From what riders have told me, getting used to your bike and riding is only half the battle on public roads. The other half seems to be watching out for yourself constantly as morons are somehow blind when it comes to seeing anyone on a bike, not leaving enough room, sideswips etc etc. Just my .02

Knew 1 person that passed away this season, and another one that i'v meet.. both on bikes.... I went down in July, becuase a mini-van didn't see me, Missed me, but i did drop the bike...

I was really thinking about selling the bike.. I even listed it on beyond for sale.... I ended up deciding to keep it, I will not be riding downtown however, as 80% of the drivers can't see.. I have learned to rev my bike every time I'm beside a car, so they dont go into me...


Anyone else that ride rev their bike when they are beside other cars / vans?

[RSX-REX]

Whenever A motorcycle is next to me they allways rev there engine. At first glance it seems like there being a tard.. or a showoff. however when you put it in the terms you just mensioned it sounds like a Brilliant Idea!

[5hift]

Originally posted by Kobe

Anyone else that ride rev their bike when they are beside other cars / vans?

Just upgrade the exhaust and you'll be heard coming from blocks away. :D

[Kobe]

Originally posted by 5hift


Just upgrade the exhaust and you'll be heard coming from blocks away. :D

Already upgraded it ;)
The stock can sucks so bad, you can hear shit..

[Cowtown_Raider]

Originally posted by RSX-REX
I love all the help and advice.
I'll be getting a used 600 cc. Cheaper because I know i'll drop it once or twice.

I'll buy it with cash. and I want something nimble and slower to learn on before I jump into the bad boy bikes.
I gota jet, later guys, thanks for helping!

That's awesome...good decision. Oh and in case this hasn't been drilled into your head, ride ATGATT (All The Gear, All The Time). I adopted this policy this year because a buddy of mine helped me realize how stupid it is to ride in jeans. I used to ride with a t-shirt/jeans in my early 20s...even shorts on hot days. Never again! It's very tempting to just throw on your jacket and sneakers to burn over to a friend's place in the summer, but jeans offer very little protection against road rash. I don't like to wear leathers all the time, especially when commuting to work downtown, so I picked up a pair of Draggin' Jeans. They are actually kevlar lined cargo pants, very comfortable, and will save your skin in the event of a fall. They're expensive (about $200 a pair), but you can't put a price on safety. I also ride with a set of Bohn armour underneath for additional protection (another $200).

Don't be like the other squids who ride around unprotected or worse, carry their girls on the back unprotected. Nothing bothers me more than a dude wearing protection, but his girl on the back in shorts/tank top. As a comparison, imagine driving down Memorial at 80 km/h in your car...it's a hot day so you're wearing jeans and a t-shirt. Now, open the door and throw yourself out of the car. If you survive, you'll spend the next several months in a burn unit getting skin grafts and fighting infection. Sounds fun eh? Remember you only have one skin!

That's enough preaching for me. I'm actually curious about how many riders here don't wear proper protection. I might start a thread about it.

Good luck, Rex, and again I commend you for your decision to get a smaller bike to learn.

[RSX-REX]

Wow I had no idea ohnestly. I understand a leather jacket etc... however jeans?? I never thought much of it.

Where did you get these comado jeans?? And do they come in different, styles, colors etc.

[SOAB]

jeans will protect you for about 5-10 feet and then its just your flesh.

"Draggin Jeans" can be found anywhere on the net.

[msommers]

Originally posted by RSX-REX
I love all the help and advice.
I'll be getting a used 600 cc. Cheaper because I know i'll drop it once or twice.

I'll buy it with cash. and I want something nimble and slower to learn on before I jump into the bad boy bikes.
I gota jet, later guys, thanks for helping!

Looks like you have a good head on your shoulders. Nice to see:thumbsup:

[marko polo]

haha he's already banned. didnt even last a month

[The Cosworth]

Originally posted by RSX-REX
I have a question for you guys reguarding insurance.
I am looking at getting a hayabusa.
I've already been quoted 1400 a year for full coverage.
300 ish a year for PLPD and Comprehensive without collision.

I'm going to go through a dealership to finance my motorcycle.
Do most insurance companies require you to have full insurance on your vehicle, the entire time you finance through them.
Will they allow you to take all insurance accept fire and theft off the bike during winter * you can't even ride during winter *
Also, the salesmen said if I am required to have full coverage before I take the bike off the lot, he said I can then turn around and just put liability insurance on the bike, and the insurance company wont really care or even know about it ** IS that illegal??**

I fully understand its next to impossible for you to tell me what the bank will agree upon due to the fact all banks are different. Plus when we take into the equation my financial situation, my credit etc.

So i'm asking you your experiences, what has happened to you in the past??


If it helps, my credit is 800 as of right now * perfect credit *
I work at a bank and make 27300 a year.

First you can cancel your insurance for winter but unless you sold your bike they will take 95% of your insurance. I know with my company they make you pay up front as well so you cant do it.

Also most places make you keep full insurance on it because technically the dealer (or leasing company or whoever but not you!) still owns your bike until you have it paid off so if you crash it and dont have collision on it, your on the hook for the whole price and dealerships dont like to deal with that

Also I would never start out on a busa, my first bike was a honda enduro 125, then a 250, then a F4i and then recently a firestorm VFR1000.

It took me four bikes to get up to 1000CC and your jumping in at 1300??

Seriously consider it and think about it. read this thread for reference off of Calgary Ground Pilots

http://www.groundpilots.com/vb/showthread.phtml?t=23587

[eclipse00]

Alright in case you guys all missed it he was banned last week so replying to his threads is pretty much useless.
:thumbsdow

[The Cosworth]

Originally posted by eclipse00
Alright in case you guys all missed it he was banned last week so replying to his threads is pretty much useless.
:thumbsdow

ah! no i didnt see that... what happened due to this thread??

[eclipse00]

not really, I guess that he posted up some porn in the general forum :dunno: