The cost of motorcycle insurance is determined by a variety of factors, including the rider's age, driving history, type of motorcycle, and location. Younger, less experienced riders or those who have recently been in an accident will pay more than those with years of experience and no accidents. The state in which you live can also have a direct impact on your premiums, with colder states typically having lower rates due to the shorter driving season. Age is not always a factor in determining insurance rates, as experience is a more accurate measure of the likelihood of an accident.
Taking specialized defensive driving courses can help reduce your premiums, as can owning a cruiser or touring bike instead of a sport bike. Additionally, modified bikes with high-performance parts may be more expensive to insure. Knowing how much you can expect to pay for motorcycle insurance can make the buying process easier. At Guides Auto Team, we research the average cost of some of the best motorcycle insurance options in the country.
Full coverage may not be necessary for your needs, but minimum coverage won't fix your own bike if you cause an accident or collide with a stationary object. The coverage provider you choose also plays an important role in determining how much motorcycle insurance costs per year. Geico, Progressive and State Farm are all recommended providers that offer competitive rates and discounts. Understanding the factors that affect motorcycle insurance will help you better anticipate your rates when seeking coverage in the future.
The type of policy you select will also influence your premium rates. Motorcycle insurance rates vary depending on the rider's age, driving history, type of motorcycle, and location. Larger, more powerful motorcycles pose a greater risk than their smaller counterparts and may be more expensive to insure. It is important to meet your state's minimum coverage requirements for motorcycle insurance, but it is recommended to exceed this minimum amount to ensure that you are fully protected in the event of an accident.
