Motorcycle insurance protects you, your passengers, and your bike. When it comes to rates, several factors determine how high they will be. Understanding these factors can help you lower insurance costs. Below are a few elements that affect your rate.

What Influence Motorcycle Insurance Premiums?

1. Driving Record

Traffic violations and accidents will naturally make premiums go up since you’ll be considered a high-risk rider. Make sure you’re following the rules of the road and obeying traffic laws to prevent additional violations. 

2. Age

Your age can also play a role, even if you have a clean record, as inexperience is also thought to increase risk. In this case, consider taking a motorcycle safety course. Not only will it prepare you, you may also be privy to a discount from your insurer. 

3. Where You Live

It usually costs more to insure motorcyclists in urban areas than in rural ones. That is because there is a greater chance of an accident in a congested city center than there would be with fewer cars on the road.  

4. How Much You Ride

In the same token, the more you ride your motorcycle, the higher insurance costs will be. If you’re a weekend rider you’ll be considered lower risk since you’re spending less time on the road. Some companies even have annual mileage rates, which also affect costs. 

5. Credit Score

While it seems unconnected, your financial history can also be used to determine risk. If you have a lower credit score, your chance of filing a claim is perceived to be higher. However, insurance companies usually look at all factors combined when making a determination. 

As a proud representative of Allstate Insurance Companies, Dewey Beckner can help you find motorcycle insurance at a reasonable price. As a member of the High Point, NC, community, he is glad to assist customers in finding the best coverage. Along with motorcycle and auto coverage, he also offers home and renters’ insurance, while also providing commercial coverage for business owners. Call (336) 884-5636 to get started on a quote.