Motorcycle Insurance Tips
The cost of insuring that beloved motorcycle is, it has to be has to be admitted, something that not many of us ever really think about. However, considering that your bike may be one of your most prized possessions, you really need to think about all the associated insurance costs that come with your motorcycle. This article aims to give you everything that you need to know about insuring your motorcycle in the United States. So, what motorcycle insurance tips can we hand out today?
- Insurance is related to a motorcycle’s value
As is the case with all your other assets, the amount that you are going to end up paying as insurance for your motorcycle is, naturally, going to be dependent on the bike’s value. It’s only natural that a $10000 motorcycle is going to cost more in insurance than a scooter that costs less than $2000.
- Insurance costs depend on your bike’s reputation
One of the things that people are not aware of is the fact that insurance companies are very much interested in how particular motorcycles perform; information that is then used when charging premiums. Information of interest include;
- A particular type of bike’s accident history
- The survival rate in the event of an accident
- The kind of individual who buys that particular type of bike.
All this information gets used when your rate of insurance is being calculated. You will notice that all the information that’s given above has nothing to do with you as an individual, but with how others have fared when riding a bike that’s similar to the one that you have purchased.
One of the things that you need to appreciate is that some of the bikes that are out there are going to cost more to repair than others. There are also certain types of bikes that appeal to a certain type of individual, who may be less risk averse.
- Your personal history also comes into play when determining your premiums
Another thing that you need to be aware of when it comes to getting insurance for your motorcycle is that your history is going to play a part in the premiums that you are going to end up paying at the end of the day.
That’s hardly surprising. Your driving record plays a part in the insurance premiums that you are charged. This applies whatever the type of vehicle that you are purchasing. If you are a daredevil and have been involved in many an accident, then you are likely to be charged more.
- Age plays a part in insurance costs
Another factor that’s going to determine the amount that you are going to pay as insurance for your motorcycle is age. If you are an 18 year old, the natural assumption is that you are going to ride along with more dare devilishness than a nonagenarian.
Cost of insuring your bike: Case studies
We are now going to give you a few case studies that help illustrate the cost of insuring your motorcycle.
16 to 24 year old man with a good driving record and looking for full coverage on a sports motorcycle
One of the things that you will notice is that young bikers are often tempted to buy sports motorcycles. There are several reasons for this; including the looks and the fact that they may appear to be cheaper than most of the other alternatives.
However, any savings that you make when purchasing the bike are, more often than not, offset by the insurance premiums that you are going to end up having to pay at the end of the day. Not only does the type of bike that you have chosen fall within a criteria that is considered to be risky by insurers, but your age also plays a part in ensuring that you pay high premiums.
Based on the above mentioned information, you can actually expect to have to pay between $1000 and $3000 per year as insurance.
It’s all going to depend on the State in which you live
One of the things that we need to put on record here is that the costs that we give here are only average. In reality, you will find that insurance premiums are going to different, depending on the State in which you live. Texas, Florida and Michigan, as an example, are well known for having the worst motorcycle insurance rates, while States such as Dakota, Iowa and Oklahoma have friendly motorcycle insurance rates.
Insurance when shipping your motorcycle
Shipping insurance is another cost that you may end up having to deal with should you require to have your bike moved from one State to the other. Let’s assume that you wish to have your beloved bike delivered to the little town of Sturgis in time for the world famous Sturgis rally.
What you need to do is make sure that your bike arrives where you wish to have it delivered on time and intact.
That is where we, at AA Motorcycle Shipping, step into the picture. At AA, Motorcycle shipping, we have acquired over a decade’s experience moving various types of motorcycles around the country.
Our goal is to make sure that your bike gets where you want to have it delivered without suffering any damage. Not only that, but we also make sure that it gets there on time. We have, therefore, acquired the specialized equipment that is needed to make sure that your beloved motorcycle is loaded in as safe as way as is possible.
Insurance for your Bike
Not only that, but we also offer up to $5000 in insurance for motorcycle shipments around the country. What this does is give you peace of mind, knowing full well that whatever happens, we have you covered, as far as recouping your costs is concerned. Note that the insurance cover can be increased upon request. So, what are you waiting for? Talk to us today, for the best motorcycle shipping quotes anywhere in the country.