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  Topic Review (Newest First)
08-22-2006 08:36 PM
stu1000r I am going to have to agree with most of the other guys on here. Make the insurance premium the main factor when you are shopping for a bike. If you cant afford full coverage on the shiny new 1000 look for what you can afford the coverage on.

I moved from Ft Walton Beach FL. to Fayettenam NC last year. I called to x-fer my insurance after the move and my premium was going to go from $80 a month to $6000 a year. No tickets no accidents no nothing simply because of location. This was with the same insurance company that I had had full coverage on my bike with for the past 2 years. I called around and found some much more reasonable...dont get me wrong it still kinda hurts my feelings but I was seriously considering selling my bike because I couldnt afford the full coverage.

So shop around the rates may not be as bad as you think.
08-22-2006 02:16 AM
venicedan
Quote:
Originally Posted by revs2ninegrand
so how did that work, did they make sure you had insurance before you left the dealer, or did they send a letter??

yes they had to see the binder before i could even sign the papers. i know what your thinkin man and your still thinking it. if you want to just get liability insurance or no insurance, save your money and buy and older bike, and please dont drive on the same streets as me with no insurance. I used to be young as you and live in the moment and go for what i want without thinking of consequences. the only thing ive learned at my age is to learn from others. good luck man. be safe.
08-22-2006 12:47 AM
Dansrc51 Hey man listen, it's like this. These guys aren't just talking to hear thier own voices. Honestly, I went through the same exact thing as you, except I listened and bought a 600f4 for my first bike, which was significantly cheaper then a 1000. And once you have gone through basic training you will be eligible to join USAA wich is a military insurance company only and it will save you a fortune in insurance costs. Trust me, I have shopped around and I literally saw my payments go from 200 dollars a month to 40 a month, plus I completed the motorcycle saftey foundation course, got my license (have you done that yet) and worked to get and maintain a clean record before I even considered buying a 1000cc bike. We all want to see another rider, what's good for the sport is good for us, we just want to see you survive to enjoy it once your as old as some of these board members......
08-21-2006 10:00 PM
emakadoshus Remember, the reason insurance is so high is because of people your age getting into a machine that they can't handle or don't have insurance for! I have to pay for that BS along with everyone else. It doesn't just effect you

While I agree that having full coverage is the best idea(and I have full coverage) this guy is having a problem CAUSED by insurance co.'s not by himself. In most of this country it is a law requiring you carry insurance, however there are no laws in place governing how much insurance co.'s can charge...that is called a MONOPOLY. When is the last time you heard of a large ins. co. filing bankrupcy? Take a look at how much money big ins. co.'s spend on lobbying and campaign contributions and you get a real nice picture of the truth. i.e. ...Katrina, ins. co.'s claim if they pay out all claims they will be bankrupt...fed's response declare it a federal disaster area taxpayers eat the repair/rebuild costs. Solution: Insurance Co's should not be allowed to right more policies than they can pay out on period! If you write 10 million in coverage you should be required by law to have 10 million standing by in case of the worst.
Eric
01RC51
08-21-2006 05:52 PM
RVTMAVERICK
right on!

+1!......Man, I couldn't have said it better myself!......Thanks!....Oh by the way, I have an 2004RC51 full coverage.......and a 1985 VF1000R....1985 with FULL coverage!........


If something ever happened to you on the road without it,....This would be YOU


Peace Jeff


PS. Don't buy a mc, unless you can BUY the FULL coverage!.......MY:twocents



Quote:
Originally Posted by 5150KC
helmets are expensive, too and i have one.

my 2 cents . . .

there is absolutely NO WAY i'd ride a (newer) bike without full coverage. two of my friends who did that are still paying for bikes that were total'd years ago. a buddy of mine crashed his new superhawk a few years back. he only had liability. he's still making payments on the bike . . . and it was completely totaled. so, in addition to the new bike he got, he still has to pay for a bike he hasn't ridden in 2 years. one bike for the price of two.

it's just not worth it to me. especially if you're going to ride these bikes like they are meant to be ridden.

also - full coverage usually offers some form of protection against uninsured drives. liability usually does not. so even if you're the best rider in the world, you still share the roads with people who are uninsured.

also 2.0 - what happens if the bike gets knocked over in the parking lot? have you priced OEM plastics? if you can't afford the insure, i'd bet you can't afford the repairs.

but hey - it's your money (well, Honda's money) so do what you want.
08-21-2006 05:33 PM
5150KC helmets are expensive, too and i have one.

my 2 cents . . .

there is absolutely NO WAY i'd ride a (newer) bike without full coverage. two of my friends who did that are still paying for bikes that were total'd years ago. a buddy of mine crashed his new superhawk a few years back. he only had liability. he's still making payments on the bike . . . and it was completely totaled. so, in addition to the new bike he got, he still has to pay for a bike he hasn't ridden in 2 years. one bike for the price of two.

it's just not worth it to me. especially if you're going to ride these bikes like they are meant to be ridden.

also - full coverage usually offers some form of protection against uninsured drives. liability usually does not. so even if you're the best rider in the world, you still share the roads with people who are uninsured.

also 2.0 - what happens if the bike gets knocked over in the parking lot? have you priced OEM plastics? if you can't afford the insure, i'd bet you can't afford the repairs.

but hey - it's your money (well, Honda's money) so do what you want.
08-21-2006 04:42 PM
revs2ninegrand
Quote:
Originally Posted by venicedan
i bought my rc51 on the honda credit card. I got like a 3% interest rate for the first 2 years then after that it goes up to like 12% I have one more year until my intrest goes up. Thankfully ill be able to pay it off before then. What kills me is paying $233 a month in insurance. The honda card requires i carry full coverage insurance. Since this was my first bike, i thought this was super expensive. Ive since learned with my bag of close calls that i cant have enough insurance. Its a big investment to throw away.
so how did that work, did they make sure you had insurance before you left the dealer, or did they send a letter??
08-21-2006 06:43 AM
i_broke_down yeah, even then that money can run out real quick if you rear end a lambo by accident or someone gets the idea that their neck hurts...
08-21-2006 06:25 AM
CBR400RR
Quote:
Originally Posted by revs2ninegrand
i appreciate and understand your opinion, but I'm sure not everyone who has a bike has full coverage... risks are part of life, and if i crash the bike, that is my fault and I'll pay up for it. I plan on having the bike paid off while im in basic training this winter and im sure after I'm done with that I'll be more than willing to pay for full coverage since I will not have the payment. Being without full coverage will only be for a few months.
Just remember liability won't pay if you crash, drop your bike or it gets stolen. And I have seen all of those happen to others. My state minimum is $15,000 and $30,000 but I have $100,000 and $300,000 full coverage just in case plus full coverage medical insurance which still isn't enough.
08-21-2006 06:12 AM
venicedan i bought my rc51 on the honda credit card. I got like a 3% interest rate for the first 2 years then after that it goes up to like 12% I have one more year until my intrest goes up. Thankfully ill be able to pay it off before then. What kills me is paying $233 a month in insurance. The honda card requires i carry full coverage insurance. Since this was my first bike, i thought this was super expensive. Ive since learned with my bag of close calls that i cant have enough insurance. Its a big investment to throw away.
08-21-2006 04:05 AM
rcbryan State Farm is usually pretty reasonable but it depends on where you live, but seriously if you credit is good enough get a loan with simple interest you will probably save at least a grand on it. Simple interest is always better than revolving, I know the lure to get a new toy is pretty strong but if you have to wait a year so that you can build some credit or save some money the amount you save will be worth it. You also never want to finance more than 80 percent no matter what kind of loan, as the loan is rated as a higher risk thus they charge you more. I do loans debt consolidation and a few others things for a living so this is something I know quite a bit on, I am just trying to save you some money.
08-21-2006 02:06 AM
i_broke_down try shopping around some more for insurance, or get a bike that isn't a race replica. Something classified as sport touring will have significantly lower insurance rates, it will still be more bike than you can fully use on the street, and be more comfortable to boot.

I had a bike with full coverage at 18, and it wasn't that bad... I'm 22 now and back in the states on my RC51, took me a while to find cheap insurance but I'm getting it for 880 a year full coverage.
08-21-2006 01:54 AM
revs2ninegrand
Quote:
Originally Posted by beaugator
You asked for my opinion so here it is... if you can't afford full coverage, you can't afford to ride it! It is NOT worth the risk for a toy! You have other vehicles so you don't need it to go to work or school. You just want it! I give you props for asking the question and for considering these replies but think about how much of your life could be screwed if/when something happens. Not to mention someone elses life. Remember, the reason insurance is so high is because of people your age getting into a machine that they can't handle or don't have insurance for! I have to pay for that BS along with everyone else. It doesn't just effect you! :twocents
i appreciate and understand your opinion, but I'm sure not everyone who has a bike has full coverage... risks are part of life, and if i crash the bike, that is my fault and I'll pay up for it. I plan on having the bike paid off while im in basic training this winter and im sure after I'm done with that I'll be more than willing to pay for full coverage since I will not have the payment. Being without full coverage will only be for a few months.
08-21-2006 01:47 AM
beaugator
Quote:
Originally Posted by revs2ninegrand
i mean't having to pay that much is stupid, I'm definately all for full coverage, I have full coverage on my other vehicles
You asked for my opinion so here it is... if you can't afford full coverage, you can't afford to ride it! It is NOT worth the risk for a toy! You have other vehicles so you don't need it to go to work or school. You just want it! I give you props for asking the question and for considering these replies but think about how much of your life could be screwed if/when something happens. Not to mention someone elses life. Remember, the reason insurance is so high is because of people your age getting into a machine that they can't handle or don't have insurance for! I have to pay for that BS along with everyone else. It doesn't just effect you! :twocents
08-21-2006 01:44 AM
revs2ninegrand Thank you, I appreciate everyones help!
08-21-2006 01:42 AM
Sparker The Honda, Suzuki, and Yamaha cards are just a credit card basically with a high limit. You could buy any brand, year, condition of bike so long as its at a dealership.
08-21-2006 01:39 AM
revs2ninegrand i mean't having to pay that much is stupid, I'm definately all for full coverage, I have full coverage on my other vehicles
08-21-2006 01:35 AM
beaugator
Quote:
Originally Posted by revs2ninegrand
its not that i wouldnt get insurance i wouldnt get full coverage... i def want liability... interest on the honda card is 8.95% if you qualify (which i do), and i can afford to ride but i think its stupid to pay $275 a month for full coverage... i only have 1 speeding ticket
It's only stupid till you need it .... !
08-21-2006 01:24 AM
revs2ninegrand its not that i wouldnt get insurance i wouldnt get full coverage... i def want liability... interest on the honda card is 8.95% if you qualify (which i do), and i can afford to ride but i think its stupid to pay $275 a month for full coverage... i only have 1 speeding ticket
08-21-2006 01:10 AM
beaugator You should probably get a dirt bike. At least it's not as likely that you will take someone else out when your in the woods! You know... you don't just have insurance for yourself. What happens if you take out some family guy and his wife and kids are left with nothing? Me Me Me..... I'm so tired of young people not thinking about the consequences of their actions!
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