Motorcycle Insurance

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Will Motorcycle Insurance Be Expensive

As with auto and boat insurance, what type of motorcycle you drive and how safely you drive it are important factors that affect your motorcycle insurance cost. The most important factors in determining your policy costs are listed below.

The factors of you:
+ Your age - a young rider is more of a risk than a middle aged one
+ Your riding experience - a new rider is more at risk than a seasoned one
+ Your driving record - how many tickets
+ Your location - an urban area is more of a risk than a county or rural area.
+ Your accident record - same as above, it builds a picture of your ‘risk rating’
+ Your occupation - a rock musician can be expected to have a different ‘risk rating’ compared to a teacher

The factors of your motorcycle:
+ A larger 1000cc racebike replica would attract a higher risk rating than a 250cc Scooter
+ Modifications or tuning - tells the insurance company this is not a normal motorycle risk
+ Age of Bike - a ten-year-old standard is less risk than a new sportbike
+ Value - a motorcycle worth $20,000 will be more than one you bought at a yard sale for $200
+ Location - safer if parked at night in your garage, and therefore less risk than if it's on the street in a downtown area

Does Wearing a Helmet Decrease My Motorcycle Insurance Premium

Wearing a motorcycle helmet reduces the cost of medical treatment, length of hospital stay and probability of long-term disability. This was the conclusion in a recent study by the Centers for Disease Control (CDC) pertaining to riders injured in a motorcycle crash. The National Highway Traffic Safety Administration (NHTSA) basically agreed with the CDC by saying that un-helmeted riders have higher health care costs as a result of brain injuries.

Unfortunately, raising the cost of motorcycle costs for everyone is that an un-helmeted rider is more likely to be uninsured; and only about half of injured riders carry separate health insurance coverage.

Motorcycle Safety & Insurance

How best to reduce motorcycle accidents and deaths? It's quite clear!

1. Wear a helmet
2. Drive less when the roads are wet
3. Slow down and be especially careful on curves
4. Don't drink and drive
5. Take a safe driving course

More than 25% of motorcycle riders who died in accidents registered a blood alcohol level of at least .08.

More than one-third of motorcycle riders who die in accidents were speeding.

Over 40% of all motorcycle accidents causing a death are single vehicle accidents. The loss of control on curves is a significant factor in motorcycle injuries and deaths.

Over 25% of fatal motorcycle accident victims were not licensed.

An insurance company will offer lower premiums to those who pass a motorcycle safe driving course. Those discounts range from 5% - 15%.

Enjoy the road but be safe!