Motorcycle Insurance Articles
Young Drivers And The Real Reason Motorbike Insurance Costs Big Money
2011-05-11
When seeking a motorbike insurance quote, it is important to understand how an insurance company will arrive at the quote they give you. The more familiar you are with their workings, the better able you will be to get a lower motorcycle insurance rate. This is especially important for young drivers whose rates will be especially high.
A motorbike insurance quote will tend to be higher than a regular automobile quote because insurance companies view them as more of a risk. Risk is the largest factor that plays into an insurance company's decision on a motorcycle insurance quote or any other insurance quote. This is because the amount of damage that they would have to pay for in the event of an accident will be much higher than a slight fender bender.
Because motorcycle riders are not encased in a vehicle, there is more chance for a more severe accident. Extensive medical bills will cost an insurance company a lot of money and that is exactly what they are seeking to avoid. Thus, they will raise the rates of all motorcycle drivers in an attempt to compensate for when they do have to shell out their money.
Young drivers will face even higher motorcycle insurance rates because they are at more of a risk. They have not been driving for as long as older adults and are more likely to drive recklessly and end up in an accident. Insurance companies look at the statistics that prove that young drivers, and especially young motorbike riders, are much more likely to end up in a very expensive accident.
Many young drivers can get their premiums reduced by taking a motorbike training class that is offered by the state's Department of Public Safety. Young drivers with little experience will get the most benefit from these courses because they teach not only basics such as how to manage a motorcycle and what sort of safety gear to wear but also how to avoid risky situations while driving and what to do if you happen to suddenly find yourself in danger.
The type of bike a young driver rides will also contribute to how much they end up paying. Souped up bikes with custom parts tend to be used for dangerous off-road activity and insurance companies know this. They will charge higher rates for those types of bikes.
Another way young riders can save money on their motorbike insurance rate is to prove to the insurer that they store their vehicle in a garage or other type of enclosed area. This will help protect it from theft or vandalism which the insurer would have to pay for.