What Factors Affect Motorcycle Insurance Rates?

Age and driving record: Adults over age 25 are statistically safer drivers than teens, and are likely to pay less for coverage. But while you can’t change your age, you can ride your motorcycle with safety in mind. An individual with a clean driving record will likely pay less than one with a history of accidents and tickets. 

Motorcycle make and model: A more expensive motorcycle is likely to cost more to insure because repairs and replacement parts will cost more than those for a more modestly priced bike. 

Location: Living in a low-crime neighborhood reduces the chances of your bike being stolen or vandalized. Insurers will also take weather into account and may charge more if you live in an area prone to natural disaster. 

Frequency of riding: The more time you spend on the road, the higher your chances of being involved in an accident. For that reason, motorcyclists may pay more if they ride year-round, as opposed to riding seasonally or on weekends only. 

Custom add-ons: If you add on accessories or commission a custom paint job, the value of your bike may increase. This may, in turn, increase what you pay to cover the bike. 

Bundles: You can save money on all the personal insurance policies that you bundle together with the same insurance provider, such as motorcycle, auto and home insurance. 

Discounts: Talk to your independent insurance agent to see if you qualify for a discount on your policy. You never know if you’re eligible to save until you ask.