Hey I am new to the whole sportbike thing. I am 18 years old and I am driving a 1995 zx6e and I was wondering if anyone else can come close to that and tell me what they pay for insurance. I haven't insured my bike yet so I was looking for a little feedback. I was also looking to buy a 2004 or 2005 ninja so what are the kind of loan rates I am going to be looking at if I have like no credit? Let me know. THANX

 

Welcome!! Since you have no credit, you can prob qualify for a 1st time rider program, but you'll have a high interest rate, probably around the 17.9% range. It would be nice if you could get a co signer with good credit, and maybe peg the 6% range.

Insurance for you, with no credit, a financed bike with a secondary lender, they will prob make you get gap, and full coverage with comp and collision with no more than a $500 deductable, you will prob be around the $500 year range..??

I pay $138 /year for my ZX1000, but married, old, good credit, good driving record. I think the old thing helps lol...

What kinda new bike are you planning on getting?

 

Welcome!! Since you have no credit, you can prob qualify for a 1st time rider program, but you'll have a high interest rate, probably around the 17.9% range. It would be nice if you could get a co signer with good credit, and maybe peg the 6% range.

Insurance for you, with no credit, a financed bike with a secondary lender, they will prob make you get gap, and full coverage with comp and collision with no more than a $500 deductable, you will prob be around the $500 year range..??

I pay $138 /year for my ZX1000, but married, old, good credit, good driving record. I think the old thing helps lol...

What kinda new bike are you planning on getting? 636? ZX10?

OOPS!!! Sorry about the double post!!! Too much coffee today. lol

 

because your 18 and looking to get a 04 or 05 636 your looking at 2000.00 plus a year so dont get butt hurt when you get a few quotes. we were all young once.

 

Holy Cow!! I didn't realize insurance was getting that expensive!! I'm in the wrong business....

 

Thanx for the posts. I just talked to the insurance guy for the zx6e and he said 430 a year. I also mentioned the gixxer 600 and he said it would be about 1100 a year because of a special connection.(my dad's a cop). So we will see what happens and thanx for the help.

 

you didnt say you had a hook up !!

 

Must be nice to have insurance that cheap. I looked into full coverage with progressive on my 06 636....they said cuz of the high ratings it got this year...it would be like 3600 a year for me. Im 25, single and have a good driving record

 

A lot depends on where you live. Florida, where i live, will kill you on insurance.

I agree with evil636. 18 yrs old and new to a sportbike, $2k plus. Tha't's because the bike is a '95. If you go with a bigger newer bike, like a ZX10, Gixxer, R1, double that if not more. Makes it hard for a young person to have a bike.

Loan rate will probably be around 18%. If you or your parents are members of a credit union, you can get one around 9%.

Reason rates are so high on bikes is that they are considered a luxury, not a necessity, like a car. Boats are the same, unless it's used to make a living.

 

hey boys.state farm has the cheapest rates because they on;y go by cc. they do not care if it is a cruiser,sport or tourer. all the same rates depending on cc,age and record.