Average motorcycle insurance depends on how much of an accident your insurance company believes you and your bike should be. While motorcycle deaths have fallen in recent years, insurance companies tend to see bikes as more risky than cars. Thus, your motorcycle insurance rates will probably be higher than for comparable car insurance. There are several factors that control how much you pay for motorcycle insurance.
Type of bike - Motorized sports bikes are more expensive to insure than other motorcycles. These bikes are more difficult to control Therefore, there is a greater risk of an accident when driving a high-powered sports bike. The average motorcycle insurance rate on a sports bike can be almost twice the size of a low-powered bike for this reason.
If you want to drive this type of bike, it is important that you take a driver's safety course. Not only will this kind of class help you become a safer motorcycle driver, but most insurance companies offer bikers a huge discount if they end a security course.
Experience Level - Insurance companies also take into account your age, experience level and driving history when you determine the insurance rate for motorcycle protection. If you never drove a bike before, you are more likely to get into an accident because of your inexperiencedness. This is especially true for younger drivers who statistically get into more fatal accidents than older, whether they drive a motorcycle or a car.
In addition to your level of experience, your insurance company views your driving history. It may seem unfair that you have to pay higher than average motorcycle insurance rates because you have multiple ticket insurance while driving, but insurance companies see your driving history as a reasonable measure of how sure a driver you are. If you continually progress or violate other traffic laws, insurance companies assume that you are at high risk of driving or are impatient drivers. Thus, you are more likely to get into an accident, whether you drive a motorcycle or car, and your insurance company will charge you a higher tax rate than it would charge someone who has a cleaner driving record.
Location - Average motorcycle insurance rates differ from state to state due to a wide range of factors. Some states have bad weather for a part of the year. These states can charge you cheaper than states that are sunny all year long because you probably will not be able to use your bike in heavy rain or snow. Thus, you only have to pay for insurance for the months that you will use the bike.
Regardless of the weather in your country, towns usually require you to pay higher insurance rates than the countryside. Housing standards are higher than in the country, so everything is getting more expensive. In addition, there is more traffic and congestion in the cities. This means there is a greater chance of getting into an accident. Bicycles are considered to be hazardous than cars when there is a crowd because cyclists can be tempted to drive between lanes. Cars are too big to be able to do this.
Type of insurance - By law you must usually insure liability insurance on your motorcycle. Liability insurance is the cheapest type of insurance It covers damage to other people's property and bodily injury to other drivers in case of an accident. But it does not cover repairs to your motorcycle. You must purchase comprehensive or collision insurance for this purpose, which is more expensive.
Save money on motorcycle insurance - Because the average motorcycle insurance rate is much more expensive than comparable car insurance, it's important to do anything to keep costs down. Most insurance companies offer discounts to motorcyclists who install theft machines on their motorcycle. The reduced risk of theft stops in the price of motorcycle insurance. You can also get discounts to take driving safety courses or to insure your motorcycle and your car through the same insurer.
Its difficult, if not impossible, to calculate exactly what the average motorcycle insurance rates may be for your bike because so many factors affect motorcycle insurance. But if you plan to buy a bike, you should be aware that the insurance is usually not cheap. The best way to save on motorcycle insurance is to be a conscientious and careful driver and avoid accidents or tickets so you can avoid interest rate increases and possibly get a discount to have a good run.