The insurance companies in my province have now decided that the gs500 is a sport bike. They 'revised' their black list and it now includes 250 ninja's, sv650's and even some KTM models, as well as the GS as a super sport.
I found out about this yesterday and needles to say, was not happy about it. So I called another insurance company, (apparently the cheapest one in my city) and got a slightly lower price. They gave me a price of $2371 for my gs500. So I figured, well why don't I ask about a real super sport. So I threw out the first bike that came to my mind; a 1989 FZR600. They gave me a quote of $2390 a year! So for $19 more a year I could be riding a real super sport. (Just for comparison, the GS makes about 40hp and the 89 fzr600 makes about 95hp) so the question at hand is should I just suck it up and pay the super sport insurance for the GS? Or should I pick up an older sport bike and pay the insurance on that? The way I see it is if I'm paying super sport insurance I might as well be riding a super sport. I'd love to own an 80's GSXR750, or maybe just an older CBR600. I really love my GS, and have big plans for modding it, but what made the bike so sweet was the lower insurance rates. I'm really leaning towards the new bike deal, but I still really want to keep my GS. I'm so torn! Advice anyone?
You are getting RAPED with those estimates. Do you have a bad driving record? I've been looking at 600cc sport bikes to move up to and the estimate I got from AAA is $620/year for full coverage on either a 2006 GSX-R600 or CBR600RR. I pay $101 for liability only on the GS but could do full coverage on it for $400/year.
Seriously.. I'm looking at like $600 US a year on a GS, for full coverage. I'm 19 years old, male, single, clean record.
I think getting raped on moto insurance is part of Canadian culture? :cookoo: :cry:
well last year it was $1600, but now that they consider it a 'sport bike' it went up $800 :cookoo: :icon_rolleyes:
but common guys, I need some advice on the switching bikes situation.
Quote from: budget speed demon on April 25, 2006, 07:21:19 PM
well last year it was $1600, but now that they consider it a 'sport bike' it went up $800 :cookoo: :icon_rolleyes:
but common guys, I need some advice on the switching bikes situation.
I smell a track bike... :)
Quote from: budget speed demon on April 25, 2006, 07:21:19 PM
but common guys, I need some advice on the switching bikes situation.
Ok. A better question to ask yourself might be, "Am I ready to move to a super sport?" Do what makes you happy and is within your skill level, but I wouldn't suggest moving to a super sport before you're ready only because insurance costs approximately the same...
Switch to State Farm. You'll need to insure something else with them before they'll insure your bike (in Canada), but it's worth it. Even if it's a cheapo life insurance policy it's more than worth it. For the record, my 2001 CBR was cheaper to insure with State Farm than my 2004 GS500F. Are you with Rider's Plus? As an aside, my wife pays about $300/year for her zzr250.
Of course, if you've got a crap load of tickets you're going to get nailed regardless who you go with.
To answer your original question, I'm with Pandy. Don't upgrade to a supersport because the insurance is the same. Upgrade because you want to and feel you're ready for it.
Quote from: AlphaFire X5 on April 25, 2006, 07:22:29 PM
Quote from: budget speed demon on April 25, 2006, 07:21:19 PM
well last year it was $1600, but now that they consider it a 'sport bike' it went up $800 :cookoo: :icon_rolleyes:
but common guys, I need some advice on the switching bikes situation.
I smell a track bike... :)
Well that was my original plan; I was going to ride the GS for maybe another 2 years. In that time I would continue customizing it with race parts. Then after those two years I would move up to a super sport and keep the already race ready GS for a track bike.
But the thing is, I don't know if I can do that right now. My insurance comes dew in September and if I'm going to buy a new bike then, I'm going to have to start holding onto my cash now. Then with the cash I will have saved, and selling the GS, I'll be able to afford the new bike and the insurance costs.
The other thing I could do is keep riding the GS for one more year, get it all race ready, and then move up to a super sport and keep the GS. So really I only end up paying super sport insurance for the GS for one year.
I just bought my GS and i'm considering selling it once the season is over. It is not within my budget anymore for an extra 1500+ for insurance. It is silly and as much as i like motorcycles, they're just toys in Ontario as our riding season is only 1/3 to 1/2 of the year.
Don't move to a super sport if you don't want or aren't ready just because of the insurance. Stick with the GS until you really want to move up, especially if you can't make it work right now. But just an fyi, those rates are insane! 24 yr old female, clean record, about $280 full coverage.
bro u are seriously getting raped i pay only 15 a month for liability
Yes, getting raped, I know. But there's not much I can do about that.
My dilemma is in getting a new bike or not. I know I can handle a 600SS (I've ridden some of my friend's bikes) but the main thing holding me to the GS is the amount of mods that I have planed for it and its unbelievable flickability. It's so damn nimble! Not to mention the stock hold of parts for it that I've got sitting in my basement. Then again I could just customize the sport bike if I got it...
bro im the one to be told about custominzing, i live in maimi like one of the capitals of that crap, and the truth is that here u get more credit for doing shaZam! urserlf than going to a bike shop and getting to do everyting
Quote from: nick_villan on April 25, 2006, 08:39:40 PM
bro im the one to be told about custominzing, i live in maimi like one of the capitals of that crap, and the truth is that here u get more credit for doing shaZam! urserlf than going to a bike shop and getting to do everyting
I do do everything myself. Why do you think I have parts sitting in my basmet?; because I don't have the time or all the parts required to install the new parts. but what does that have to do with this thred?
I say it's time for a Bus. :icon_mrgreen:
Quote from: Egaeus on April 25, 2006, 09:11:12 PM
I say it's time for a Busa. :icon_mrgreen:
fixed :icon_mrgreen: :icon_mrgreen: :)
Budget, please listen. I wouldn't address the new bike just yet. In fact, that's way too much of a quote for a super sport bike also! What you need to focus on is finding how to get insurance costs down on the GS. It shouldn't be hard unless you have a real bad driving record. Do you?
Look, insurance for a bike gets REAL cheap once you put a car on the policy also. Get your car and bike on one policy and you'll have no problems. You shouldn't be paying more than $400-600 full coverage on a GS. If you are, something is definitely wrong.
I don;t have a cage. I don;t have a bad record. its just how it is when you've only got 2 full years insured.
Well your going to have to shop around abit more for cheaper coverage,man. BTW, how did you mount your steering dampner?
Quote from: average on April 25, 2006, 11:02:52 PM
Well your going to have to shop around abit more for cheaper coverage,man. BTW, how did you mount your steering dampner?
I havn't yet. but you need to get a 37mm clamp for the forks, then you need to get a set of after market headlight brackets because the camp won't fit on with the stock braket. then you have to drill a whole in your frame, and weld on a weld-nut. its not a bolt on deal.
Quote from: budget speed demon on April 25, 2006, 10:10:04 PM
I don;t have a cage. I don;t have a bad record. its just how it is when you've only got 2 full years insured.
Dude, I have a little more than 1 year of being an insured motorcyclist and they're going to give me a rate of $620 for a brand new 600 sport bike! There are better rates out there for ya.
Quote from: budget speed demon on April 25, 2006, 06:30:08 PM
The insurance companies in my province have now decided that the gs500 is a sport bike. They 'revised' their black list and it now includes 250 ninja's, sv650's and even some KTM models, as well as the GS as a super sport.
Are you currently with Kingsway? If so try Primmum instead. Same thing happened to me (I am in Ontario as well), and my quote went from $700 to $3500 overnight when they revised their rates. Primmum is able to give me a rate about $700 for my M2 license.
Quote from: roguegeek on April 26, 2006, 12:21:06 AM
Quote from: budget speed demon on April 25, 2006, 10:10:04 PM
I don;t have a cage. I don;t have a bad record. its just how it is when you've only got 2 full years insured.
Dude, I have a little more than 1 year of being an insured motorcyclist and they're going to give me a rate of $620 for a brand new 600 sport bike! There are better rates out there for ya.
Its all about location Rogue... Several Canadians over on thumpertalk were discussing insurance rates on a drz (a dualsport no less) and I could not believe it... we're talking 20 times more than I pay. Maybe that makes up for the better health care :laugh: -just a joke, but it really seems like us in the US have much cheaper rates compaired to Canada.
Quote from: budget speed demon on April 25, 2006, 09:20:22 PM
Quote from: Egaeus on April 25, 2006, 09:11:12 PM
I say it's time for a Busa. :icon_mrgreen:
fixed :icon_mrgreen: :icon_mrgreen: :)
:laugh: :laugh: :laugh: :laugh: :laugh: :laugh:
How much more is it going to cost you to buy a new bike, than keeping the GS since you're going to be paying that much for insurance wheather you get the Super Sport or not?
What does it matter?
I would get a better bike.
IMO there is no sense in dumping all of those mods into the GS when you're just going to be paying the large surcharge anyways. Buy a better bike, so at least you're not paying for some insurance company's delusions, you'll have the real deal.
The GS is a good bike, but it is certainly not worth paying extreme surcharges for, no matter how much mods you stick on/in it.
I am going to sell my 05' GS this september if they quote me more than 2,000 for next season and buy a yzf600, or cbr600f4 or another banana seat style sport bike.
I have this stupid attachment to the GS. Partly because it's so nimble and partly because I have all these mods planned out for it. I've been thinking about this all day and this is what I've come up with thus far.
When insurance comes dew in September, I'll change it over to the new company that gave me the two quotes. I will pay the ridicules price for the GS. Then if in my travels I come across any really good deals on an older sport bike, I'll pick it up and just transfer the insurance over. So at least I won't have to be without a bike for any amount of time, and I can keep doing some mods to my GS. I think getting a new bike in September is putting a lot of financial stress on the situation, but if I don't have to worry about it until next year, then it will make it easier, and I'll be able to get a better bike.
Quote from: mike_mike on April 26, 2006, 11:15:27 AM
I would get a better bike.
IMO there is no sense in dumping all of those mods into the GS when you're just going to be paying the large surcharge anyways. Buy a better bike, so at least you're not paying for some insurance company's delusions, you'll have the real deal.
The GS is a good bike, but it is certainly not worth paying extreme surcharges for, no matter how much mods you stick on/in it.
I am going to sell my 05' GS this september if they quote me more than 2,000 for next season and buy a yzf600, or cbr600f4 or another banana seat style sport bike.
that's right! no need to pay extra because the insurance company falsely thinks you're a threat to yourself and others ... instead, become a REAL threat to yourself and others! and when you get in an accident and cause lots of damage to life, limb, and property, and the insurance company has to pay for it you can tell them 'i told you so'.
no idea how the insurance works in canada but you should address the problem (cost of insurance) instead of creating another problem (added cost of a new bike, maintenance on two bikes instead of one, etc.). don't forget about transaction costs to register the new bike, as well as sales taxes etc.
edit: pardon the sarcasm. i'm sure there's plenty of reasons to get a new bike; just cost of insurance alone doesn't seal the deal.
Quote from: scratch on April 26, 2006, 08:27:15 AM
How much more is it going to cost you to buy a new bike, than keeping the GS since you're going to be paying that much for insurance wheather you get the Super Sport or not?
What does it matter?
well I think I could get a decent older super sport for about $3000. and i should be able to sell my GS for $2000-$2500 so really its only going to cost me say at the worst $1000. plus of course the extra $19 for insurance! really thats not to bad.
Quote from: mike_mike on April 26, 2006, 11:15:27 AM
I would get a better bike.
IMO there is no sense in dumping all of those mods into the GS when you're just going to be paying the large surcharge anyways. Buy a better bike, so at least you're not paying for some insurance company's delusions, you'll have the real deal.
The GS is a good bike, but it is certainly not worth paying extreme surcharges for, no matter how much mods you stick on/in it.
I am going to sell my 05' GS this september if they quote me more than 2,000 for next season and buy a yzf600, or cbr600f4 or another banana seat style sport bike.
whats the attachment to banana seat sport bikes?
Quote from: che mike on April 26, 2006, 01:19:11 PM
Quote from: mike_mike on April 26, 2006, 11:15:27 AM
I would get a better bike.
IMO there is no sense in dumping all of those mods into the GS when you're just going to be paying the large surcharge anyways. Buy a better bike, so at least you're not paying for some insurance company's delusions, you'll have the real deal.
The GS is a good bike, but it is certainly not worth paying extreme surcharges for, no matter how much mods you stick on/in it.
I am going to sell my 05' GS this september if they quote me more than 2,000 for next season and buy a yzf600, or cbr600f4 or another banana seat style sport bike.
that's right! no need to pay extra because the insurance company falsely thinks you're a threat to yourself and others ... instead, become a REAL threat to yourself and others! and when you get in an accident and cause lots of damage to life, limb, and property, and the insurance company has to pay for it you can tell them 'i told you so'.
no idea how the insurance works in canada but you should address the problem (cost of insurance) instead of creating another problem (added cost of a new bike, maintenance on two bikes instead of one, etc.). don't forget about transaction costs to register the new bike, as well as sales taxes etc.
well I do all the maintenance myself and the transaction costs arn't usually that bad. they useually total somthing like $300. thats including cert as well.
but your looking at this the wrong way. I'm not looking at it as "I told you so". I'm looking at like, if I'm going to be raped, I might as well get what I'm being raped for.
its like going into macdonalds and ordering and paying for a big mac, and then they hand you a kids burger and say "sorry, thats just how it is". if I'm paying for a big mac, I dam well better be getting a big mac.
Quote from: budget speed demon on April 26, 2006, 01:19:51 PM
Quote from: scratch on April 26, 2006, 08:27:15 AM
How much more is it going to cost you to buy a new bike, than keeping the GS since you're going to be paying that much for insurance wheather you get the Super Sport or not?
What does it matter?
well I think I could get a decent older super sport for about $3000. and i should be able to sell my GS for $2000-$2500 so really its only going to cost me say at the worst $1000. plus of course the extra $19 for insurance! really thats not to bad.
Quote from: mike_mike on April 26, 2006, 11:15:27 AM
I would get a better bike.
IMO there is no sense in dumping all of those mods into the GS when you're just going to be paying the large surcharge anyways. Buy a better bike, so at least you're not paying for some insurance company's delusions, you'll have the real deal.
The GS is a good bike, but it is certainly not worth paying extreme surcharges for, no matter how much mods you stick on/in it.
I am going to sell my 05' GS this september if they quote me more than 2,000 for next season and buy a yzf600, or cbr600f4 or another banana seat style sport bike.
whats the attachment to banana seat sport bikes?
- even a higher milage newer super sport could be had for a few more pennies. I figure if i'm going to pay thousands of dollars for insurance i might as well be insuring something much better than the GS for like you said 'a few extra dollars' literally. My other route will be to buy a cruiser style bike and trade off the sport style riding for more crusing style of riding and save.. *gasp* thousands of dollars :cookoo:
- the banana seats? :oops: I've got a thing for the standard sitting position and the banana seat bikes tend to sit more upright than their more agressive brother bikes.
Quote from: mike_mike on April 26, 2006, 01:30:05 PM
Quote from: budget speed demon on April 26, 2006, 01:19:51 PM
Quote from: scratch on April 26, 2006, 08:27:15 AM
How much more is it going to cost you to buy a new bike, than keeping the GS since you're going to be paying that much for insurance wheather you get the Super Sport or not?
What does it matter?
well I think I could get a decent older super sport for about $3000. and i should be able to sell my GS for $2000-$2500 so really its only going to cost me say at the worst $1000. plus of course the extra $19 for insurance! really thats not to bad.
Quote from: mike_mike on April 26, 2006, 11:15:27 AM
I would get a better bike.
IMO there is no sense in dumping all of those mods into the GS when you're just going to be paying the large surcharge anyways. Buy a better bike, so at least you're not paying for some insurance company's delusions, you'll have the real deal.
The GS is a good bike, but it is certainly not worth paying extreme surcharges for, no matter how much mods you stick on/in it.
I am going to sell my 05' GS this september if they quote me more than 2,000 for next season and buy a yzf600, or cbr600f4 or another banana seat style sport bike.
whats the attachment to banana seat sport bikes?
- even a higher milage newer super sport could be had for a few more pennies. I figure if i'm going to pay thousands of dollars for insurance i might as well be insuring something much better than the GS for like you said 'a few extra dollars' literally. My other route will be to buy a cruiser style bike and trade off the sport style riding for more crusing style of riding and save.. *gasp* thousands of dollars :cookoo:
- the banana seats? :oops: I've got a thing for the standard sitting position and the banana seat bikes tend to sit more upright than their more agressive brother bikes.
the thing is I don't want a fuel injected bike. and I really really like the 88-92 gsxr750. but I'll most likely make a street fighter out of what ever I end up getting. I probably won't get anything too new.
First Shoot your Insurance Agent.
2. Your paid to September so ride the bike until then and Take it off on OCt 1! ! !
3. Save your pennies for an old Hog or 88zzrab3 12500 or whatever you want.
4. The GS makes a good track bike.
5. Shooot your insurance agent AGAIN. ( and then kick his dog )
:laugh: :laugh: :laugh: :laugh: :laugh: :laugh:
As my other post says, the same has happened to myself as well as some other ppl on here. They going to easywayinsurance.ca. They should be able to get it to 2000 if not a bit less. Personally I am not going to pay the value of my bike every year in insurance, that's retarded. I have an '05 and am having a hard time knowing I will have to pay 2k for it a year.
I've had the same thoughts about getting a SS if I'm paying for one, but apparently things w/ Kingsway might change on monday (dunno why, but they said that over the phone today) so hopefully it goes back.
EDIT- the 2016 was the quote from JevCo through that Easyway broker.. and that was for a GS500f w/ 1 minor infraction, 20 yr male.
Quote from: Stephen072774 on April 26, 2006, 06:21:57 AM
Quote from: roguegeek on April 26, 2006, 12:21:06 AM
Quote from: budget speed demon on April 25, 2006, 10:10:04 PM
I don;t have a cage. I don;t have a bad record. its just how it is when you've only got 2 full years insured.
Dude, I have a little more than 1 year of being an insured motorcyclist and they're going to give me a rate of $620 for a brand new 600 sport bike! There are better rates out there for ya.
Its all about location Rogue... Several Canadians over on thumpertalk were discussing insurance rates on a drz (a dualsport no less) and I could not believe it... we're talking 20 times more than I pay. Maybe that makes up for the better health care :laugh: -just a joke, but it really seems like us in the US have much cheaper rates compaired to Canada.
Well that's bull poop then! (insert Star Spangled Banner music here) :thumb: