Motorcycle Insurance Articles
How Buying A Harley Davidson Affects Your Insurance Quote
2010-08-06
The specific motorcycle you purchase will greatly affect the rate you pay for motorcycle insurance. This is especially true if you are seeking Harley Davidson insurance. If you are shopping for insurance by gathering insurance quotes, you will most likely find quotes are higher for Harley Davidson motorcycles than those from other manufacturers.
Insurance companies evaluate the risk you pose to them when you apply. The more risk you pose, the more you can expect to pay. Buying a Harley Davidson affects your insurance quote by increasing, in most instances, the amount of risk you pose to the motorcycle insurance provider.
Harley Davidson insurance will generally be more expensive simply because it is a more expensive motorcycle. They have a higher replacement cost and a higher repair cost than most motorcycles. Also, a Harley Davidson is a coveted bike among car and motorcycle thieves. The added risk and cost of that risk means a higher insurance quote.
The customer profile of those who ride Harleys presents insurance companies with individuals who pose a greater risk than those who operate other types of bikes. A customer profile is the risk factors associated with the average person that operates a specific type of vehicle or motorcycle. If you fit that profile and buy a Harley, you can expect higher insurance premiums.
Luckily, there are steps you can take to reduce the impact a Harley Davidson may have on your insurance quote. Just because you have a Harley does not mean that you fit the customer profile. If you have a clean driving record, a good credit score, no criminal record and experience operating motorcycles, you will be seen as less risky.
The way you take care of your bike can also make a difference. If you park your Harley in a garage rather than on the street, you lower the likelihood of damage and theft. Report any safety features of the bike or safety modifications to your insurance company. Safety is a big key to lowering those Harley Davidson insurance quotes. Also, if you only use the Harley for those weekend rides rather than everyday use, your premiums will be lower.
It is a good idea to always look into the cost to insure a specific bike before making a purchase. This will help you get an idea of the overall cost of your purchase. However, don't let the chance of high insurance costs prevent you from purchasing a Harley Davidson. Take the time to get your motorcycle insurance quotes to see just how much a Harley will affect your premiums and follow the tips above; it may be more affordable than you think.