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After dreaming about the days when you can hop on a motorcycle and head off into the sunset, you’re now a proud bike owner. Before strapping on your helmet, know that motorcycle insurance is a must for protecting you and your financial investment. Shopping around for the best and most affordable coverage is essential. Here are several factors that may affect what your premiums will be.

4 Things That Determine Motorcycle Insurance Costs

1. Bike’s Make & Model

The type of motorcycle will certainly influence how much you pay for coverage. High-performance speedsters typically carry higher premiums because of their propensity to be involved in accidents. A used bike made for casual riding may not be as costly to insure. Insurance providers also consider the repair and replacement costs if your bike is damaged or totaled in an accident.

2. How Often Driven

motorcycle insurancePlanning to rely on your motorcycle as your primary means of transportation? Your insurance costs might be higher than if you ride the bike occasionally. That’s because the more you use it and how many miles you drive each day puts you at a greater risk of being in an accident.

3. Where You Live

If you live in a neighborhood that has high criminal activities, expect to pay more for motorcycle insurance. Residing in rural, smaller towns will generally lessen the risk of being involved in an accident, compared to cities and high-traffic areas.

4. Driving Record

A driving record free of traffic violations and other penalties may work in your favor when it comes to motorcycle insurance premiums. Not accumulating points on your license or letting prior insurance policies lapse could also have a positive impact on your rates. Keep in mind some insurance providers review how many claims you filed in the past in determining coverage costs too.

 

If you’ve recently purchased a bike or are shopping for one, Russell Insurance in Agency is your trusted resource for customized and affordable motorcycle insurance. Based in Robertsdale, AL, the firm serves all of lower Alabama by providing clients with the best rates from the nation’s leading insurance providers. For a free, no-obligation quote and top-quality customer service, call (251) 947-3607. You can also visit the locally-owned agency’s website for additional policy options for your automobiles, ATVs, and boats.

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