I live in Canada, Ontario and I've been planning on buying a motorcycle within the next month or two. Prices are currently very low because I live in Canada and I would assume the demand is very low since winter will soon be on its way. I think the best strategic time to buy would be right now, but a buddy of mine kind of busted my bubble when he told me that I have to pay insurance on it even if I'm not riding it, and its in a secure location.
If I buy a motorcycle, and have no plans to take it on the streets until at least early spring do I have to pay insurance for it even while its being stored? If so, will I have to pay the same amount of money as if I was riding it?
And if so, why would I have to pay insurance? If it was stolen that would only be my loss, it would be my fault and would harm no one else.
If I buy a motorcycle, and have no plans to take it on the streets until at least early spring do I have to pay insurance for it even while its being stored? If so, will I have to pay the same amount of money as if I was riding it?
And if so, why would I have to pay insurance? If it was stolen that would only be my loss, it would be my fault and would harm no one else.