Scottsboro, Alabama
1905 Veterans Dr
Scottsboro, AL 35769
(256) 574-3440

What Factors Affect Motorcycle Insurance Premiums? October 23, 2019

Scottsboro, Jackson
What Factors Affect Motorcycle Insurance Premiums?, Scottsboro, Alabama

If you’re in the market for a motorcycle, don’t forget to include insurance premiums in your budget calculations. Because riding is inherently dangerous, motorcycle insurance can be expensive. If you know what factors affect the cost of coverage, though, you can find a great deal on insurance by modifying those over which you have control before shopping around.

3 Factors That Affect Motorcycle Insurance Premiums

1. Type of Bike

Expensive bikes tend to cost more to insure. This is primarily because they cost more to repair in the event of a collision. The total horsepower will also influence insurance premiums because the faster the bike is, the easier it will be for the rider to lose control.

2. Location & Parking Situation

motorcycle-insurance-Scottsboro-ALIf you live in a high-crime area, the insurer may assume theft is likely. As such, they’ll charge you more for comprehensive coverage. Additionally, it costs more to insure a bike that’s parked on the street rather than in a locked garage.

3. Age & Riding History

Much like car insurance, motorcycle insurance is more expensive for policyholders under 25 because they're less experienced. The insurer will also review your driving record closely before extending coverage. If you have a history of speeding or driving under the influence, it will have a significant impact on the quote. Likewise, those who have filed several claims in recent years can expect to pay more for coverage, as they’re considered high-risk.

 

For affordable motorcycle insurance, turn to Goggans Insurance. Serving clients throughout Scottsboro, AL, and the surrounding area, this agency works with various providers, which allows them to offer competitive rates for all of their products. To request a quote, reach out online or call (256) 574-3440.

Other Announcements, Events and Deals from Goggans Insurance
5 Important Steps to Take After a Crash, Scottsboro, Alabama
Car accidents can be an unsettling experience, even if you escaped serious injury. While filing an auto insurance claim might be the last aspect on your mind after a crash,...read more
3 Benefits of Adding Your Spouse to Your Car Insurance, Scottsboro, Alabama
Combining your finances and extending insurance coverage may not be the first task on your mind after getting married, but it does help protect the life you’re building. If...read more
4 Aspects That Affect Motorcycle Insurance Rates, Scottsboro, Alabama
To calculate motorcycle insurance premiums, carriers weigh a variety of factors to determine how likely you are to file a claim. While some of these elements are outside your control...read more
3 Ways to Make Teen Auto Insurance More Affordable, Scottsboro, Alabama
If your teenager has recently earned a driving permit, it’s essential to understand the changes that might occur. Your car insurance rates will likely increase, and you may worry&nbs...read more
3 Types of Insurance Bars Need, Scottsboro, Alabama
If you own a bar, you need insurance to protect your building, equipment, patrons, employees, and yourself. Bars and other establishments that serve liquor may need additio...read more