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Discussion Starter #1
In Ontario, we have a 3 stage licensing system....first am "M1", which is a beginners license. It is good for 90 days, during which, an endorsed (MSF)course can be taken to obtain an "M2" license. Then, after a period of time, a "M" license can be obtained via test-out, and you are now a fully licensed rider. The M2 (including the MSF course) is almost mandatory in obtaining any kind of reasonable insurance rate on a CBR-RR....for obvious reasons! With an M1....you might as well buy a Ferrari as your first car?

Anyway, being a new rider up here in Canada, and having my M2 and course, I have recently gotten my first bike insurance policy. I shopped around big time, and was absolutely amazed at how much cheaper State Farm is then anybody else around. I'm talking huge difference in price. Unlike every other company I inquired with, State Farm does not differentiate between sport bikes and other bikes.....it is simply a "CC" issue. 650 being the next step!

But...I was also perplexed (big word...cool!) about something, 2 different insurance companies that I inquired with asked if it was an RR, or an F4i. I said RR, and asked what the difference in policies was? The answer was "same price for full package, but if it is an F4i, then no fire/theft policy without an alarm installed". I guess the theft rate must be that much higher???
 

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I never heard that when shopping around about the F4i but I did know that a few companies, like State Farm quote based on CC's and not the style of bike. Good for us.
 

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Yeah I've also heard that State Farm is by far the cheapest, for most people, in Ontario. I'm not looking forward to shopping around next season though cause I know my rates are going to go up. I'm a student in Ontario, from Prince Edward Island, and right now I only pay $27 a month for full coverage, through an insurance company in PEI. I'm sure it's going to be a lot more than that in Ontario even though I have my full M and I'm 26. But we'll see I guess....keeping my fingers crossed that's for sure.

Jordan
 

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Discussion Starter #5 (Edited)
voguesilverciv said:
Yeah I've also heard that State Farm is by far the cheapest, for most people, in Ontario. I'm not looking forward to shopping around next season though cause I know my rates are going to go up. I'm a student in Ontario, from Prince Edward Island, and right now I only pay $27 a month for full coverage, through an insurance company in PEI. I'm sure it's going to be a lot more than that in Ontario even though I have my full M and I'm 26. But we'll see I guess....keeping my fingers crossed that's for sure.

Jordan
Actually....the magic number was 700 bucks a year with State Farm ($54 a month)....if I put my car policy there too....which was quoted to me as the same price as my current car ins. co. ....or $1100 without my car, and no other ties to them! The best I could do anywhere else with my M2 and course was $2500 a year (7 quotes). Like I said.....big time savings, with or without my car policy.....AND......State Farm is the only one that would allow me to pay all year round instead of that 4 summertime payment system crap!!! Now...keep in mind I am in rural Hamilton, and have a clean driving history...and no tickets?? (knock on wood).
 
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