Motorcycle Insurance Articles
Young Men And What They Can Expect From Motorcycle Insurance Companies
2010-07-20
One of the most populous groups that vehicle insurance companies provide quotes and policies for is that of young men. Sadly, this same group often pays the highest premiums and carries the highest deductible of any group in the country. This is due to a number of factors, but is in large part based on statistics used by insurance companies to estimate its risk of loss in any insurance situation. This problem is magnified should a young man choose to ride a motorcycle instead of drive a car, as the risk involved skyrockets from an insurance point of view. For this reason, motorcycle insurance quotes can be extremely high for young men, and they must be prepared for a cold reception by many insurance companies.
When it comes to vehicle insurance of any type, statistics bear out the fact that time and time again it is young men, typically those who have just obtained their licenses, that are involved in the majority of serious or fatal car accidents. This is due to a number of factors - inexperience, overconfidence, and the reality that many young men like to drive fast. Young women, while inexperienced drivers, simply do not show the same incident rates of high-damage or injury accidents as young men, and as a result are often insured for far smaller premiums. Young men represent what an insurance company hopes to avoid - risk.
For a young man looking for motorcycle insurance quotes, an already difficult task becomes substantially more difficult. Many insurance companies will not even insure young men on motorbikes, or will charge an exorbitant amount if they do. This can lead to a situation in which a young man may be tempted to ride his motorcycle uninsured, leading to serious consequences if he is pulled over or involved in an accident. In order to access motorcycle insurance quotes, young men should do a number of things to make themselves more palatable to insurance companies. First, they should attempt to purchase a policy from a parent's or sibling's insurance company, as they may benefit from a loyalty program. Second, they should take a motorcycle safety class - many insurers require this now as a matter of course, and third, should equip themselves with the latest protective gear.
While this situation can seem unfair to young men, the statistics don't lie. In order to find motorcycles insurance quotes at all, let alone pursue a reasonable rate, young men must do what the insurance industry requires of them, and be prepared for rejection. Making sure to have all of the necessary training, along with proper safety equipment, can go a long way toward getting a foot in the proverbial insurance door.