I'm used to paying $90 a month on insurance. Is $500 normal for ANY new motorcycle. I've looked at several models and Geiko (online) is telling me 500 for a motorcycle and 1200 a month for a new car. I'm eighteen, when my brother was eighteen he blought a pt. cruiser (new) and he pays 200 a month, I've never had a n accident and I get good grades at college (discount). Am I doing something wrong or is this normal?
2007-01-07 05:56:46 · 14 answers · asked by justintime03_2 1 in Cars & Transportation ➔ Insurance & Registration
No, motorcycles that are considered sportbikes have a much higher insurance premium than ones that aren't. Look for a starter look into getting a beginner bike with lower CCs. Also your premium should be less if you have regular medical insurance that you agree to use if you are injured instead of the car companys.
I pay $130 a year for my little Ninja.
2007-01-07 05:59:30 · answer #1 · answered by sorcergeek 4 · 0⤊ 0⤋
Taking into consideration this is your first motorcycle, which mean you have NO track record for experience, coupled with the fact you probably purchased a 'rice burning crotch rocket', it may be that's your fate.
One of my sons had an accident four years ago and NO INSURANCE company will take him on for less then 7k per year.
He's now 23 and I can't even place him as an occasional operator on my policy.
Then there is the financial note that I'm also sure you have, that means you must carry 'full coverage' with a deductible of X amount of dollars.
The least expensive company I've found are Farmers Ins., AIG, and believe it or not Allstate.
If you are, as you say, a college student, why then do you need a new vehicle, much less one of each?
With the 'liberal education' you are enrolled for you should expect no less. Spend you money on an old vehicle, nothing wrong with living within you means. If you can, minimize your expenses,you'll need the funds elsewhere.
Also, there is nothing in the law that clarifies you have to be riding a motorcycle. Most insurers will ask 'how long have you been operating a motorcycle'. If you get an endorsement to you license, and keep, that will show when they pull your record. Do you understand what is being said here? Back to my son, he has been endorsed for five (5) years, so the insurer would 'assume' he has five years experience, that would lower his premium
2007-01-07 06:36:46 · answer #2 · answered by LifeRyder 4 · 0⤊ 0⤋
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2016-09-25 03:51:19 · answer #3 · answered by Willene 3 · 0⤊ 0⤋
your car insurance will be priced higher because of an inexperience rate. typically if you have been driving for less than 3 yrs than your insurance is going to be pretty high. however, motorcycle insurance is priced differently. it depends on how many years you've been driving and how many cc's your engine is. also you are more likely to get seriously hurt on a motorcycle than in a car, so motorcycles are generally priced a little higher. adding someone on you policy who has been driving longer will help you out some and taking a motorcycle course will also help your premium. dont compare what your brother paid for insurance when he was 18 vs. what you are paying now because every year the commissioner of insurance reviews the insurance rates and can increase it or decrease it.
2007-01-09 10:31:14 · answer #4 · answered by Mary 1 · 0⤊ 0⤋
If you're 18 and looking at a rice-rocket, that's probably about right especially if you're in a major city.
Your brother's PT Cruiser doesn't have a reputation for making hamburger in young hands like rice-rockets do.
Shop around though. GEICO can be a good deal, but they're NOT always the best contrary to what their (and everyone elses') ads tend to claim.
2007-01-07 06:09:22 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋
That is obscene amount of money to be paying a month for motorcycle insurance. Try reading the policy again, Geico does not quote you per month for motorcycle insurance, instead they quote by a six month policy.
if it really is 500 a month, i'd buy a bicycle or learn to run fast.
2007-01-07 05:59:57 · answer #6 · answered by linm718 1 · 0⤊ 0⤋
Define normal. But given you are male and 18, and probably looking at new vehicles that require full coverage insurance, then yes. What does your credit rating and driving record look like? If either are poor, it will raise the rates.
2007-01-07 06:01:28 · answer #7 · answered by oklatom 7 · 0⤊ 0⤋
Statistically, you are going to crash that thing and end up costing a huge amount of medical bills. Who would give an 18 year old a motorcycle? Are they INSANE??? My condolences to your poor Mother.
2007-01-07 05:59:30 · answer #8 · answered by Anonymous · 1⤊ 0⤋
I have seen personal injury cases take up to 4-5 years. The fact that it has taken years is not the problem. The problem is that you don't seem to know the status of your case. Call your attorney!
2016-05-23 03:39:32 · answer #9 · answered by Anonymous · 0⤊ 0⤋
shop around bud sounds like a rip off
2007-01-07 08:04:16 · answer #10 · answered by The Fat Controller 5 · 0⤊ 0⤋