Hmmm.... I pay just over $900.00 for my new 2002 GSXR1000... how does that work?
I'm currently on an M2, so my insurance is higher. When I first got my M1, my insurance was $1200. As soon as I got my M1, I told my insurance company (Cooperators) and they issued me a refund of about $250. Once I get a full M class in 2007, my rates will drop even more.
As to exactly HOW they come up with their ridiculous rates, I haven't a clue.