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What are the cheapest sportbikes to insure?

What Are The Cheapest Sportsbikes To InsureThe cheapest sportsbikes to insure are those with less than 750cc, and those that are less likely to be wrecked or stolen like the Suzuki S40. This article addresses how those rates are set and some of the cheaper and more expensive options.

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There is nothing really cheap about sportbikes—these beauties are designed to be luxurious. The better quality bike, the more expensive the parts and labor, and hence a higher premium price.

Of course, just because an insured rider has to pay high insurance rates doesn’t mean he or she is willing to throw money away.

The Mechanics of Insurance Rates for Bike Riders

Let’s first review some common knowledge about insurance rates. Sportbikes are expensive because they are newer and loaded with hard-to-fix features. Older bikes are less expensive, thus any sportbike from the 1990s or early 2000s would certainly be less expensive than a brand new 2010 Aprilia.

Bikes that have alarm systems are eligible for a discount, as are bikes that have lower CCs and less power. Naturally, the more powerful bikes come with a higher risk of injury. Less powerful bikes will not throw the rider as far, should there be an incident on the road. Damage on a new sportsbike can cost thousands of dollars. Medical expenses for an injured rider can cost millions. Insurance premiums will reflect the risk.

Generally speaking, anything classified as a sports vehicle (even a motorcycle) is going to be more expensive than an average bike. In particular, look out for models that are over 750 cc. Under 500 cc bikes are fairly inexpensive, and 250 cc can be downright cheap—perhaps even comparable to auto insurance. Unfortunately, a young biker who wants to jet out in his brand new 1000 cc sportsbike is not going to find much in the way of negotiation when it comes to insurance.

Experienced bikers aren’t above offering blunt advice to the young: if you’re determined to wheel out on a 1000 cc sportsbike, you probably won’t even live past the first premium payment. Some bikers and biker parents find it reasonable to start a young rider off on a very slow bike—perhaps even a scooter stuck at 50 cc for a period of at least seven months.

After a history of safe riding, he or she can hop aboard a 125 or 250 cc bike and the insurance company might cut the young biker some slack. More importantly, the younger rider is learning patience and gaining experience.

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What sportsbike models are cheap to insure?

If you are looking for name models in sportsbike insurance, then many people speak highly of the Suzuki S40, which reportedly has very low premium prices, sometimes much lower than a typical auto insurance. There is good reason; this bike is one of the least wrecked and least stolen bikes on the road.

Some of the cheaper insurance rates for sportsbikes are for the:

  • Suzuki DL650
  • Kawasaki Ninja 650
  • Suzuki SV650

In the middle range are the

  • Gixxer
  • R6 models

Nore expensive models to insure include the:

  • Honda CBR
  • Yamaha R1 and R6
  • Kawi ZX-6R and theSuzuki GSXR series

How much can you expect to pay for such an insurance policy? A good premium price would be about $100 a year. The average price for a shiny new sportsbike loaded with features? Easily over $1,000 a year. There are other factors to consider, however.

Premium price is also affected by the:

  • Age of the rider
  • Location of your home and neighborhood
  • Driving history
  • Place of employment and work parking area
  • Credit report

You may also look into a multi-rider policy if it’s available. Remember that as a bike rider, you can ensure a motorcycle as a vehicle, or yourself for liability. Making changes on your contract may greatly affect the price of insurance. When in doubt, ask your insurance agent or a company representative if there are any discounts available. Sometimes insurance companies offer substantial savings to new customers, longtime customers and customers with perfect driving histories.

Shop Around Before Making a Decision

If you find that you are having difficulty finding an affordable policy; do not lose heart. Take these steps:

  • Shop around and get quotes from all nearby motorcycle insurance companies
  • Invest in some form of security system so your bike will not be an easy target for theft
  • Ride your bike less for work and for pleasure and keep your mileage low
  • Invest in special motorcycle defensive training

Certification documents show the insurance companies that you do take your ride seriously.

Why not start looking for an insurance policy right now? You can use the free web chaser tool to compare quotes online and make contact with the best insurance company for your needs!

Type your zip code into the box and get motorcycle insurance quotes to compare today!

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