I'm considering taking my motor-cycle test, what is the true cost of owning a motorbike? I.e. tax, insurance?
Friday, March 19th, 2010 at
9:39 pm
I’m soon to be 26 and currently pay a lot of the privilege of owning a Honda Civic Type-R. Is motorcycle insurance generally dearer or cheaper? I’m not considering replacing my car completely but simply owning a motor-cycle because I’ve always wanted to and there isn’t really anything to stop me.
I should have said as per one of the replies, I’m fully aware and understood the cost of insurance on a Type R. My logic was in thinking that as a motorcycle `can be` dangerous and is faster than perhaps a car, I’d have thought the insurance would be dearer.
as for petrol cost example: i ride my cub from kuala lumpur – penang which cost 15 ringgit malaysia ( 5 dollar us) but if i take a car it gonna cost me around rm 175 plus toll. of course take a car is safer and faster, but i still stick with my cub.
tax is cheapest than your type r.
ride with coutious, always look at your side mirror, mind your speeding,
you will be safer on bike.
extra : if i got more money, i just buy a big bike than a car anyway.
but that cost same as i own a car, but i am going faster than your type r then
lol. take care
Depends what bike. Insurance for a Honda Cub will come in at less than £100 a year; on the other hand a Hayabusa may well cost more than your car.
Tax is definitely cheaper.
Started with a ZXR400 and it was £95 a year to insure (TPFT), £33 a year to tax and does 135mph easily. 0-60 under 5 seconds. Handles like it’s on rails.
Tyres on the 400cc bike lasted about 9000 miles as it’s not too powerful to chew them up on day to day riding. Pair of tyres is £120 fitted =- Chain & Sprocket was £120 fitted, for about 11,000 miles.
I have also got a 2007 ZX6R, back tyre is £170 fitted and only lasts 4000 miles. £120 for a front, which does about 6500 miles.Chain and sprocket at 15k miles is about £180 also Insurance is only £170 fully comp though, and tax £48.00 per year.0-60 3.2seconds,80mph in first gear. wheelies easily corners well, solid suspension. Lots of fun.
and my third bike is a new 2009 er6n (650cc) tax is about £66.00 for the year, running costs are as per the 400 really. Insurance fully comp is £120. (it’s a 650, but naked commuter style bike) 0-60 in 3.5 seconds, wants to wheelie, but is so comfortable for a long commute, and you skip all those cars int he ques.
and my car is a honda civic 1.4 16v illusion, 1998. £360 a year to insure TPFT, £120 a year to tax and I do about 800 miles a year in the car, (xmas and birthdays, to carry presents) and between my 3 bikes about 12000 miles a year. (4k on each? and I live 4 miles from work…)
I would love a civic type R but I really can’t justify the insurance and tax cost, compared to my variety of bikes!! I had saved up to get on ein feb, but ended up just buying a brand new er6n for £3,800 instead.
Help yourself – you can check your quotes in internet, for example here – autoinsurance.undonet.com
well it does go on the motorbike you buy, If you bought a Suzuki Sv650 for example is a low insurance group but still a very fast bike. I can insure it fully com for £250 and i just passed my motorbike test The tax isn’t bad either £66 for the year. Yes the tyres do need changing over so meny thousands of miles but, If you only gonna do average for 4000 miles a year then you only been spending on them once a year.
I am about to buy a KTM duke 2 on Y reg its a supermoto. Its 66 quid to tax for year and £300 to insure and i am buying for £1500. you cant buy a car for that to get you to 50 in 5 secs.
Cars and bikes are the same more you use it more you gonna spend to to run it .
Guess it depends where you are and the size of the bike. I’m sure age has an effect on this too.
I’m from California, have a 750cc, and it costs me $226. for full coverage all year round on the bike. I go with Progressive. I believe you can choose to have insurance just for the riding season.
I did take the Motorcycle Safety Course, years ago, even though I’ve ridden since I was 15. It saved me $1, on the insurance.
Well, there’s fuel, services, tyres (expensive and they don’t last long) chains, registration…
Running a big bike aint cheap really
However, your insurance no claim bonus should be able to be used for bike insurance. You will save heaps there.
Another tip. Don’t buy anything with an R in the name. Thats why your insurance is so high.
There are clauses you can add to bring the cost down, such as no commuting, limited miles per year, no other riders, doing an approved training course and belonging to a motorcycle club (not a gang but something like the Honda Riders Club etc). When you turn 26 it should get cheaper too,
My bike insurance is about 20% more expensive than an equivalent valued car.
All this is in Australia so I don’t know how much applies where you live