Motorcycle Insurance for Whatever Awaits
Every activity comes with risks, especially those that involve wheels, speed, and the unpredictable factors that drivers and motorcyclists experience while on the road. Make sure you have the motorcycle insurance you need to be fully covered in the event of an accident.
Factors that Affect Your Rates
In general, motorcycle insurance rates are affected by the following factors:
Your credit score
It’s true – your credit history affects your motorcycle insurance premium as much or more than your driving history. Statistically, motorcycle riders with poor credit are more likely to file a claim, so insurance companies tend to raise premiums for these customers to compensate for risk.
Your age and driving history
The insurance company will do a risk assessment based on how old you are and any included traffic accidents or violations on your record, both for your motorcycle and your car.
Where you live and travel
If you travel in high accident or crime areas, your risks are higher. Where you store your bike also matters: if it is kept in a locked garage, it is much less likely to be stolen or damaged.
How often you ride
If you ride year-round, you will face more risks than drivers who only use their motorcycles for a few months of the year, or only on weekends.
The make and model of your motorcycle
How expensive is your bike? How new? And how much horse power? A new Ducati 1199 Panigale will require more expensive repairs than a used Honda Stateline. This is because the Ducati will cost more to repair or replace in the event of an accident.
Insurers will also take into account whether you have added specialty components, such as a custom frame.