you'll end up paying roughly the same amount on both bikes. So for your money value, the R1 would be a better bang for your buck if you want the extra power, but really who really needs all that power for the street on today's 600 and up sportbikes anyway?? ICBC is ripping people off on old bikes, only after a 2 years of insurance on your F2, you'd have enough to buy another F2!! that was a main reason I bought a new bike.... it just aint right when your insurance is more than the worth of your bike....AlphaRed said:Hmm... thanks, that's interesting to know. I've always thought it was the CCs, since I paid a lot less than my friends did when I had the F2. I guess it was just because of the value of an older bike.
I've been thinking about getting either a R6 or a R1, depending on the price and condition. Considering that their declared value are similar (older R1 vs newer R6 etc), can anyone take a stab at estimating what the difference will be on insurance?
I will also check with an Autoplan broker, but I've got to say that this place is a great for stuff like this!
dont forgot what happens if your bike gets stolen better be safe than sorry and get that comprehensive....TeeTee said:It would be worth doing the numbers but I suspect that if you bought say, a 98 model 600 and just put the liability on it with the money you save over about a 3 year span of not getting the collision and comprehensive you could afford to put new plastic on the whole bike if you ever did have that lowside. It all depends on how many accidents you plan on having. Hell, if you have more than one or two you won't be able to afford it anyway, will you.
Or instead of comprehensive you can get Theft & Fire will save you a bit more money the only problem is your not insured for vandalizm.Canadian_Gixxer said:
dont forgot what happens if your bike gets stolen better be safe than sorry and get that comprehensive....
When you get your quote make sure you tell them what the actual cc's are, ie an R1 is 998cc, since the bracket cutoff is 999cc if you tell them 1000cc you will get a higher quote.AlphaRed said:The whole declared value and rate class is puzzling me a bit. I called a few places and they seem to be inconsistent. The last placed I called, they quoted me $3012 and $3355 for a 600cc and 1000cc respectively. This is for a $8500 bike with basic coverage, 1 million liability, and comprehensive. The difference of $343 seems little to me, but I'm not even sure if this quote is correct.
oh... never thought about that! :rolleyesDigi168 said:
When you get your quote make sure you tell them what the actual cc's are, ie an R1 is 998cc, since the bracket cutoff is 999cc if you tell them 1000cc you will get a higher quote.