If you are still making payments....then you should have full coverage. Might be in your contract too.

 

Wow guys, I didn't realize that having full coverage is so cheap! Right now I don't have any insurance on my 94 because theres 2 feet of snow on the ground. I usually wait until the last week of March to sign a policy, I'll be 22 then. I suppose I should definitely look into full coverage. Last year I paid what works out to $14 a month for the lowest amount of liability. I just remember going to my local state farm agent 2 years ago and what they wanted for full coverage for a year was more than I paid for my bike.

 

his parents lent a hand and payed it off and he's just paying them back.

 

My first quotes were $10,000/yr, no joke. Just keep looking.

 

Well, its been a couple weeks and I still have no clue what to do!!!!!!

This blows

 

Martin, I know losing the bike will be a blow but you're only 20 and have so much time ahead of you to get one again when you are more solvent...

I say sell, get the best price you can and buy an older CBR600, you could do a lot worse than an F3, they're good and really cheap now too.

You will still have a good bike and some decent change to pay off stuff...

There is no greater misery spiritually than living beyond your means...it will drain you financially and mentally...

Best of Luck!

Jules

 

i take it your in the air force and stationed at Luke. might be i dumb thought but see if you get some kinda discount for being military. it just seems that theres discounts everywhere for people serving. might be worth the time to ask.

 

Don't sell your bike. Skip the insurance.

You are 20 years old, if you are anything like I was at 20 you are a maniac. If you constantly ride thinking 'oh crap, I have no insurance, oh crap I have no insurance' then you will ride much more carefully. It is not like you were riding crazy before, just that you will ride easier now.

Jules is 100% right (as usual). But what is done is done.

Now you have to look at it this way, the only way to get out of getting crushed by depreciation from buying a vehicle that you really can't afford is to ride it as much as possible for as long as possible. You have to look at everything in a $/mile and you probably only have 2000 miles ridden and will take a $3000 beating on the sale. That is $1.5 dollars per mile add in the insurance and you are $2.5 per mile maybe. That is F**kinginsane, and that does't includegas tires oil, lubes, chain.... for that kind of money you can get a Limo to drive you around.

Yes you can sell it and get an older bike but...

An older bike cost as much as a new bike to run (within reason), plus you gotta add your depreciation from the RR to the cost of the newly purchased older bike, so you now have an old bike that you won't like as muchthat costs too much that you still have to ride for 75,000 miles before you can come out whole.

Keep the RR. Ride very very carefully. you gotta ride that bitch until it dies. no insurance, don'tcrash and you'll be fine.

 

I her triple A has very good cheap insurqnce you might want to check them out. dont sell it. You wil miss it to much when it is gone.

 

Oh My God...Now I know you are the devil incarnate!!!!! ...Mr Fish are there no depths to which your depravity will sink?? ....

You tempt this young innocent boy to ride without insurance?

I don't know if you have a different set up over there but here in the UK no insurance is the ultimate driving sin... what if you crash and kill someone else?...mow down a whole family?

You're totally evil Mr. Fish and you have to be stopped!

...lol

Jules