Ok I am 18, male and I want a Honda CBR 600 RR. I have taken the saftey course and I have my lisence.

I was wondering how I can work my insurance the best way.

I take a loan out for a NEW they said it would be 4300 a year for insurance, but if I bought a used bike it would be only 527, now does a used bike have to be PAID IN FULL or can you take a loan out? Or would tkaing a loan out make it 4300 again? There is no way I can pay upwards to 5 grand up front in full. I need to finance somehow is there anything I can do to still have 500 for insurance yearly?

 

The bank should be able to finance any bike, as long as the purchase price and the blue book value are in line. Bike insurance is not cheap at all for someone your age, and also with the theft rate. Weather or not you have a loan on the bike, should also make no difference on the insurance cost. Insurance is insurance weather the bike is paid off, or has a lean.