WHen you buy a bike and its financed you have to have full coverage anything you buy that the bank owns the title for (vehical wise) you need full coverage unless you can somehow get the title and the finance company thinks its on the way when its really not ( haha thats how i didi it lol so i only have liability) and as for the 1000 i dunno if you should do that if you have never rode befor me i raced dirty bikes for years and everyone would tell me you dont need a 1000 blah blah blah well yeah its slightly different from the dirt but same tech. the bikes are like feathers when your riding them total control but id say go ahead and get the 1000 if you've ridin' before but other then that dont start samll and like you said 09' isnt so far away. Plus my roomate has an 04 gsxr1000 and my cbr1000 blows that away so try a honda and my bike is 10 yrs older then his. But anyways welcome...