Motorcycle insurance depending on class of bike?
Monday, January 18th, 2010 at
4:51 am
What are the types of bikes? I was told Sport Touring, Sport, Super Sport, and Cruisers? I was told insurance is cheap on Ninja 650r’s, sv650′s, and Ducati monsters. However it is really expensive on super sports like zx6′s, cbr, r6, gsxr, and so on. If I get a older bike like 2002 or older zx6/cbr/r6/gsxr will the insurance be as expensive as a 2010 sx6/cbr/r6/gsxr? Or will it be around the cost of a 650r/sv650 etc…thanks.
Do insurance companies give you lower rates if it’s an older sports bike? Example: 1999-2003 model sport bikes?
as with cars, it all determines on these factors: Insurance companies could not care about type of bikes as they are going by a list given to them by companies that do research for them. They are broken down by model, make and year (so if you do a rquest on a Honda CBR 600 F2 then the insurance quote is based on that information): The older the bike doesn’t necessarily mean lower rates;
These determine insurance rates:
type of coverage (full? minimum required by state law)
1) make and model of bike
2) year
3) your driving record
4) your age group
5) property crime in your area
6) property crime that is involved with your bike (is that particular model stolen alot).
7) Credit rating
9) deductible ($250? $500? $1000)
When I was 19 I bought a brand new GSXR750.
I should have checked first.
My insurance company that had covered it’s predecessors, a CB125. RD350, and even a GPz550 would not cover my Gixxer.
The cheapest I could find was $150 mo. That was 20 years ago.
I’ve bought my bikes outright since then and carried only liability. My Bandit cost me $150 a YEAR.