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Discussion Starter #1
Just wanted to create a thread about insurance, how much everyone is paying with which company and what's covered. Would be a good resource for those who need to get insured, maybe for the first time.
 

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Discussion Starter #3
I've read that sport bike insurance for new riders on average costs around $1,000 and that's with a good driving record. Is that a good base number to work from?
 

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I've read that sport bike insurance for new riders on average costs around $1,000 and that's with a good driving record. Is that a good base number to work from?
R1200GS 2016 - 125 HP, 1200 CC
$250 a year
Bodily Injury - $1M
Property Damage - $100k
Uninsured Motorists - $1M
Comprehensive $500 deductible
Collision $500 deductible
Rental Reimbursement $50/day
Towing

Looked at a Yamaha FZ-09, Insurance was $4500 a year, same company. Don't buy "popular bikes". They get stolen, wrecked and you don't want to be lumped with those losers. (aka young kids, living in an apartment with their head up their *ss)
 

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Discussion Starter #5
Wow, $250 a year is dirt cheap compared to what I was expecting. I doubt g310gs owners will be lumped with the more common CBR riders with a higher tendency to wreck their bikes. I'd be happy with $500 a year considering my age and how this is my first bike.
 

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A$280 per year QBE insurance through the BMW Dealer (location: Australia)


Coverage up to A$30M
Bike is insured for up to $7,400
+A$4000 coverage for riding gear (the insurance is $30 more expensive than competitor but covers riding gear, this is the reason I got this insurance)
A$500 excess
I think the insurance is this low because the G310R has ABS and only 313cc
 

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Discussion Starter #7
First time I'm seeing coverage for riding gear, but it does make sense if anything ever happens especially with how expensive helmets can get. Does it cover accidental helmet drops too?
 

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No, doesn't include accidental helmet drops, the riding gear is only covered in an accident involving the bike.
 

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Discussion Starter #9
Hmm, I was probably expecting too much from the insurance company and in hindsight it does make sense not to cover accidental drops.
 

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A tip for insurance rates, don'y cancel your motorcycle insurance in the winter months. They look at continuous coverage and you can change the policy to just cover fire and theft in the winter instead of outright cancelling it, but this is dependent on your insurer.
 

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I've just insured my G310R full comp no previous NCD and one additional driver for £138 single annual payment - location Fife, Scotland
 

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NZ $420 via Swann Insurance, with my no claims bonus (that's about US $300, UK £225 or €255 I think). I am penalised a bit for not having a garage, just a car port. Bike insurance in NZ is expensive in general.
 

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$460 CDN a year.
Full coverage, comp, fire, theft, collision, but no glass coverage lol.
 

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State Farm $128 per year for liability and $320 a year full coverage
USA South Carolina
 

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In our country we have a different system.
1. drivers, younger then 24 years old, pay 100% + an extra amount because statistically, they cause the most accidents.
2. Once over 24, you pay 100% and every year you don't claim, you get a discount that can go up to 80%. Once you cause an accident, you will loose some percentage.
3. Insurance has three types,
a. coverage (WA) for the damage caused by you to another person, vehicle, etc. Your Insurance pays the other party
b. coverage (WA+) for the damage caused by you to another person, vehicle, etc and for you in case of theft or fire
c. Full coverage (all risk), for the other person, car etc and for your total damage.


For my G310R, brandnew, I have full coverage (all risk) and that also includes damage to your riding gear up to € 1000,00.
For this I pay around € 280,00 (75% discount) a year.
 

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It would also be interesting to see how much people pay in registration costs each year. Here in Australia registration varies by a small amount in each state. I pay A$485 (renewal cost) for 12 months for a 2 seater motorcycle, the registration here includes compulsory third party insurance which has unlimited liability for personal injury caused by the insured motor vehicle. I suspect that in some countries third party injury is included in the insurance not the rego.


So all up insurance A$280 + rego A$485 = A$765
 

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Registration for one year $63cdn + insurance $460cdn = $523cdn all in, full coverage.
 
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