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What Causes High Motorcycle Insurance Rates?

Motorcycle insurance is much the same as automobile insurance, but there are differences that you need to know about. There are also various ways to lower your motorcycle insurance rate that you may not be aware of. Before you start shopping for insurance for your Hog, take the time to know what you should be looking for in a motorcycle insurance company.

Insurance premiums are set based on certain factors. Your age, your driving record, the type of motorcycle you own, and where the bike is garaged are all considered. However, just like automobile insurance, your marital status, home ownership, and other factors can also play an important role in determining your rate. Keeping a clean driving record is the first step to lower rates.

However, there are some things that are not necessarily under your control when it comes to motorcycle insurance. If you are under 25, you can expect to pay higher rates in almost every state until you reach the age of 25. If you are single or divorced, your rate may be higher as well. If you do not own your home, your rate will probably be higher. If the motorcycle will be garaged in an area where there are a higher number of thefts or accidents, as compared to other locations in your State or in the country, the rate will be higher. All of these things matter to insurance companies.

You can lower the rate if you are over the age of 25, married, own your home, and live in an area where there are less accidents and thefts. You can further lower your rate by taking a motorcycle driver's training course in your area. Completion of such a course can lower your rates by as much as 15%. Discounts are also given to members of motorcycle organizations - although being a member of the Hell's Angels probably won't lower your rates.

Try to use the same insurance company that insures your car, home, boat, or other insurable property for your motorcycle insurance. You can often get a better rate this way. Also, if you live in the Northern states, where snow and ice occur in the winter months, you should ask about a ‘lay up' policy. This policy will suspend all coverage, except comprehensive coverage, during those winter months when you won't be riding the bike.

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Articles

Here we provide you with a list of pages that contain links to all our articles. Check them out!

  • Article Directory 1 - This article directory contains articles covering several Motorcycle insurance issues
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  • Article Directory 3 - Here you will find several more Motorcycle insurance related articles
  • Article Directory 4 - And, yes you guessed it, even more articles on Motorcycle insurance and more

News

The latest news on Motorcycle insurance you will find below, whenever there's some available...

  • Motorcycle Insurance Policies That Include Spring Discounts Now Searchable by Riders at Insurance Website Online
    Motorcycle insurance policies that now feature discounts for Spring are now supplied by top providers at the Quotes Pros website at http://quotespros.com/motorcycle-insurance.html . (PRWeb April 02, 2015) Read the full story at http://www.prweb.com/releases/motorcycle-insurance/quot
    es-discount-plans/prweb12629043.htm
  • SAS(R) Analytics Helps Italian Insurer ConTe.it Better Manage and Share Data
    Italian insurer ConTe.it, specializing in auto and motorcycle insurance, turned to SAS®to create a repository of integrated corporate data. Now managers can focus on critical business activities, knowing ...
  • Dave McKenna teams up with YMI
    Yamaha Motorcycle Insurance (YMI) have announced their partnership with professional street motorcycle stunt rider, Dave Mckenna. Mckenna's passion for Yamaha, together with his amazing skills on a motorcycle, is clearly evident at every one of his performances throughout Australia and overseas. That passion also extends beyond his street bike stunt performances, to his conti...
  • Motorcycle club turns 60, builds shelter at park
    The Blackhawk Motorcycle Club observes its 60th anniversary this year, which coincides with an all-time high membership of 51. The group, organized in 1955 in Beatrice, moved to Marysville in the 1960s because most members were from Marysville, long-time member Richard Temps, Marysville, said.
  • LAKE ELSINORE: Man arrested in insurance fraud case
    A Lake Elsinore man was arrested on suspicion of insurance fraud last week after authorities say he conspired with his nephew to defraud an insurance company out of several thousand dollars. Colby Barody, 26, was arrested by officers from the San...
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