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Does anyone know if you finance through Suzuki, if they just require liability or you have to carry full coverage (i.e. collision).
Insurance
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68 Posts
Airforce03,
You would finance through SUZUKI, but the insurance used is outside the company and only temp.
You would finance through SUZUKI, but the insurance used is outside the company and only temp.
Finance companies and banks usually require full coverage ( if you're financing it's because you usually don't have the money ), they want to be sure to get paid even if you wreck the bike.
If you don't pay they can repo but repoing a scrap bike is not going to get them their money back.
If you don't pay they can repo but repoing a scrap bike is not going to get them their money back.
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11 Posts
Just called in to add on collision and it is going to cost me $2369 a year.......now I wish i was old :x
Sure he meant older !
Uncle Bob
Sure he meant older !
Uncle Bob
so say im a beginner rider and just bought a used 2000 gs500. how much would it cost to insure the bike on one-way coverage? also full coverage?
just seeing around how much it's going to cost when i start riding. oh and also insurance is cheaper if you've taken the MSF course right? i just took that. and im a young rider, 21.
thanks!
just seeing around how much it's going to cost when i start riding. oh and also insurance is cheaper if you've taken the MSF course right? i just took that. and im a young rider, 21.
thanks!
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82 Posts
If you buy your bike and finance it through Suzuki you are not required to carry full coverage insurance. I'm not sure which bikes that this applies to now as it used to be only on the bikes that cost less than $10000. That is a deal that Suzuki offers on new bikes but most people don't know anything about. If you have already signed your deal I doubt you can go back on it but if you havent purchased it yet ask them about that offer.
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68 Posts
Airforce03,
You have to shop around and see, most likely your insurance company can qoute, but make sure you ask if they will cover that brand and model. some insurance companies cover only certain makes and model... why? cause they think as high risk purchase... as of allstate they chargin me $640.00 every 6 mnths= $1,280.00 a year don't know bout others.
The best advice to give JUST SHOP AROUND...!!!
GOOD LUCK IN UR ADVENTURES'
Merc 8)
You have to shop around and see, most likely your insurance company can qoute, but make sure you ask if they will cover that brand and model. some insurance companies cover only certain makes and model... why? cause they think as high risk purchase... as of allstate they chargin me $640.00 every 6 mnths= $1,280.00 a year don't know bout others.
The best advice to give JUST SHOP AROUND...!!!
GOOD LUCK IN UR ADVENTURES'
Merc 8)
Big differences in prices up here, definitly shop around. An hour or two with the yellow pages at hand can save you big bucks.
Some companies aren't interested in motorcycle coverage and their premiums reflect that. I too thought that by going with the same company that insures both my home and cars would give me a good price but that wasn't the case.
Some companies specialize in motorcycles ( check motorcycle mags for their ads) that is where I got the best deal.
Some companies aren't interested in motorcycle coverage and their premiums reflect that. I too thought that by going with the same company that insures both my home and cars would give me a good price but that wasn't the case.
Some companies specialize in motorcycles ( check motorcycle mags for their ads) that is where I got the best deal.
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10,685 Posts
Shouldn't be as bad as a gixxer but your still pretty young. As for the MSF, I don't know but you SHOULD take it no matter, it's your life we are talking about. The MSF can only improve your riding skills and that can save your life.hairykc12 said:
And for the better prices, I suggest you turn 30 as soon as possible. 8)
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68 Posts
For most companies the younger you are the higher the premium, but in some cases depends on if in school GPA, track record, etc.... In case at hand older and wiser cheaper the price.Louis said:
Merc... 8)
im going to be riding along with driving my normal car. so wont be full time riding. that might help cut some insurance costs. but i mainly want to ride for the warm weather.
sucks to be young when it comes to insurance. too bad all the young kids are all irresponsible and ruin it for the responsible ones. [/quote]
sucks to be young when it comes to insurance. too bad all the young kids are all irresponsible and ruin it for the responsible ones. [/quote]
shop around, if you're in the states, look into nationwide. i pay 60$ a month and that's full coverage. comes up to around 720$ a year. And i'm 21. But to insure a bike through them you MUST have a car insured with them. but my car isn't much either. i play 175$ a month for insurance 
( car is collision only ).
( car is collision only ).Since I just got a bike (03 GSXR-600) I just found out my insurance price for the year, and it's $396 dollars/year for full coverage (same coverage as my car). It's the same insurance company that I have my car under too. So definately look into the company that your car is insured with. It helps to have a clean driving record too. Oh and I'm 23 so I dunno what factors they apply to age having to do with the cost.
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