Are you paying cash for the bike or taking out a loan? I highly recommend you get the cheapest bike possible, one that you don't care about. Pay cash and get cheap insurance!

Liability insurance is really cheap.
$180 a year for me.

Full coverage is expensive
$1100 a year for the same bike.

I'm 22 with a speeding ticket. My bike is a 91 katana (old and cheap). That is with Drive insurance from Progressive.