This is NOT true in Ontario, CanadaYou need full coverage on a new car.
Insurance on a bike is not needed, so needing full coverage until the bike is paid off doesn`t make sense. Full coverage is YOUR choice...insurance in general for a bike is YOUR choice.
People your age would kill for that rate in Ontario. I'm 22, was quoted $3,500 a year by all the top insurers. I desperately checked with an insurer listed under my company's employee benefits and was quoted $1,900. If not for that I wouldn't be a 300 owner.When I went to renew my insurance on my car, I asked for a quote on a 300. Considering I only have my 6L and it's a small engine, I got quoted $50 a month, full coverage. I'm 22 from Vancouver.
What a deal at $225 per year!Damn, for $3500 a year you are better off with liability coverage and self insure the rest, maybe a theft rider or something.
I pay $225 / year, full coverage, $500 deductible. 28, two bikes and a car.
More than half the year in Edmonton is so cold the bike is garaged and they still want 1300? You wages up there in Canada must be a decent amount more than your USA neighbors to pay for this hobby of ours.I went to an insurance and got quoted around $1300 for full coverage and since i dont have my class 6 yet only some insurance companies will insure me. So do u guys actually have full coverage on your bikes?