Motorcycle Insurance Articles
Effects Of Safety On Motorcycle Insurance Rates
2010-05-22
Whether you enjoy the independence and freedom of a relaxing cruiser motorcycle, or the thrill and excitement of a sport bike, you need to be protected. The last thing that you, or anybody else on the road should have to worry about, is whether or not your motorcycle is properly insured.
These days, the insurance market is saturated with companies that offer all types of plans. It is easier than ever to find and compare the required coverage that you may need for your particular motorcycle. You can request online insurance quotes from a specific provider or through comparison quote generators.
There are several factors that are going to affect your motorcycle insurance rate. Your premiums are based upon the overall potential risks associated with both the bike and the rider. Essentially, this means that if there is a higher assessed risk, then there will be a higher rate.
A safety assessment is going to be the primary method for evaluating potential risk. First, the insurance agency will look at the driver's age and their driving record. It does not matter if the driver has a spotless motorcycle record but a poor car driving record. Infractions or violations incurred in a car carry the same negative impact as those on a bike, and serve as a predictor of the driver's overall safety.
Safety is also considered when the provider examines where the person being insured takes residence. A particular regional location may have higher accident rates or may have higher incidences of stolen cars or motorcycles. The motorcycle insurance rate may also consider whether the bike will be stored in a garage or on the street.
The next predictor of potential risk is the type of motorcycle being insured. Obviously, a custom-made $100,000 chopper is going to cost more to insure than a standard cruiser. Additionally, sport bikes carry a certain reputation for being inherently dangerous, which may be reflected in the premiums.
The best way to attain a motorcycle discount rate is to reduce the overall risk associated with the bike and the rider. These include having a clean driving record, reducing the chances of theft through secured storage, and ownership of a more subdued style of bike. A motorcycle insurance discount rate may also be applied to a multiple vehicle plan, where all vehicles in the same household are covered by the same insurance provider.
The perceived safeness of a motorcycle and the driver are going to be the ultimate determinants of any particular insurance rate. However, you don't always have to settle, so make sure that you shop around, look for motorcycle insurance discounts and get the best possible plan for your desires.