Any motorcycle enthusiast can agree that there is nothing like the freedom of the open road on a motorcycle! But while the thrill of riding is undeniable, one thing matters more than anything else– being covered on the road.
Motorcycle insurance is essential for protecting both riders and their bikes, but you may be wondering what actually determines the cost of coverage.
Several factors influence motorcycle insurance rates and understanding them can help you make an informed decision about your coverage. Here are three things that affect the cost of your motorcycle insurance policy:
- Type of Motorcycle: The kind of bike you ride has a big impact on how much you will pay for motorcycle insurance. If you own a high-speed sport bike, you can expect higher premiums since these bikes tend to come with more risk. On the other hand, if you ride a cruiser or touring bike, your insurance costs might be lower since these motorcycles are designed for comfort and long-distance travel rather than speed.
- Driving History & Experience: Your time on the road matters just as much as the bike you ride. If you have got a clean record with no accidents or traffic violations, insurance companies will likely reward you with lower rates. But if you have had a few speeding tickets or been in an accident, you might see your premiums go up. The good news? Taking a certified motorcycle safety course can sometimes help lower the cost of your motorcycle insurance policy.
- Coverage Choices & Deductibles: The coverage you choose has a direct impact on your motorcycle insurance rates. If you want full protection with comprehensive and collision coverage, you will have higher premiums, but you will also have more peace of mind. Selecting a higher deductible upfront can help you save on monthly costs, but you will have to pay more out of pocket if you ever file a claim.
At Beck Insurance Agency, we have decades of experience serving motorcycle insurance to Montpelier, OH, Wauseon, OH, Defiance, OH, Perrysburg, Swanton, OH, and the surrounding areas. Working with you to find the most affordable policy, we ensure that you are safe on the road, without breaking the bank. Contact us today to get a quote on motorcycle insurance coverage!
