Hey guys, live in London area in Ontario and this is my and my boyfriends experience with scooters so far.... Any help would be nice, but we are going to sell ours due to the following:
So my boyfriend recently purchased a lightly used CF moto 150cc echarm and was super excited about how little it cost, (only payed $1100 at a dealership.)
That said, before he bought it, We called some insurance places for prices on insurance and didn't get any good deals, or was turned down Immediately because of his age, 20.
He figured he would just call more places after he bought the scooter, as it was marked down and a really good deal. Well, not anymore.
After a lot of research into the rates of what people pay for their scooters in Ontario, (some people have said 200-600 a year,) my boyfriend is being quoted at 500-700 a month or being turned down.
So I guess I wanted to just say, I am personally disappointed with what people "claim" they pay for their scooters. My boyfriend was really excited after hearing how little he would pay for it, even if it was 100 a month. But now? He can't afford the scooter even with his M2.
Just really disappointed in what others say they pay for their insurance, as his is ten times, if not, more then what people claim they pay.
So he is pretty bumbed out and depressed at the moment, and we have to figure out who to sell this scooter to, as a car is cheaper at this point.
I truly envy anyone who found good rates, but I wanted to get the word out there that scooters seem to be cheap only for people with 5 plus years of owning a motorcycle or having their full M license.
My boyfriend is considering buying a more powerful and new scooter, as the insurance will be the same as his slower scooter as of now.
That was a bit of a rant, but new scooter buyers need to be warned...
I currently pay $144 per year for my scooter insurance and it was this same rate when I first started riding scooters about 5 years ago. I am shocked at how high the rate quotes are that your boyfriend got. Perhaps insurance in Canada is just more than here in the U.S. ? I have my insurance through State Farm and I know that I get a discount because I also have my car, my wives car and our homeowners insurance through them. I also believe that I get a discount because I pay monthly rather than quarterly.
I think you should continue to look around as I think you should be able to find better rates.
Also...I may be wrong but I think that most insurance companies offer a discount if you take and pass the safety course but than again that just be just here in the states.
Last Edit: May 28, 2013 13:27:31 GMT -5 by loganhes
That doesn't sound right at all. Has he actually got the relevant licence to ride the bike? Is he trying to get fully comp or just third party? Has a he attended any safety courses? Does he have any priors?
Most people in the UK are paying around Â£150-250 a year. But on a Chinese, fully comp pushes that up to something silly like Â£600. They just don't want to insure it against mechanical failure.
Find out what it is that's causing the problem by asking the insurers, then see if you can do anything about it.
That kind of is going to happen in USA too. Right now, I'm happy that scooters and motorcycles are insurance free in FL, but I can see it change in the next 5-10 years.
Hi You should change that to certain scooter and motorcycles are insurance free Once they reach a certain size for the engine 150cc + you would still need insurance and registration no matter where your located in the USA Take care and ride safely dear friend Yours Hank
Post by lexmotorider on May 28, 2013 16:31:35 GMT -5
That sucks, heres my rubbish experience...
So had scooters for ten years, all 125cc, the first a Gilera Runner VX worth £3000, that was written off on a car park by a travelling salesman, he was fully comp insurance and accepted full liability so got much more than the bike was worth, I ended up with £1200, the state of the bike, it was literally worth £100 at best...so used the money to buy my first lexmoto zoom 2 (seriously crap bike!) anyway it got stolen a month later, despite being chained to a metal railing in front of ultra modern CCTV on a busy carpark...there were clear images of two men walking up with massive bolt cutters and then wheeling it off, the police never bothered to look at the images...now teh insurance bit, though both of these incidents were absolutely no fault of my own, my insurance is now a whopping £34 a month, it was £9 before!!! its more than a lot of people pay for car insurance fully comp and its only third party fire and theft :/
Post by shalomrider on May 28, 2013 16:47:21 GMT -5
howdy, i don't know if your general health insurance will pay for your personal injury no matter how sustained but if it would and if you can get the licanse and tags without insurance , that is what i would do while looking for better options down the road. my liability insurance is 99 a year.