7 Motorcycle Insurance Cost Factors

​Having a motorcycle is best when you are in a hurry, or you want to evade the hassle of traffic-jams on your daily work. However, it is also the most accident-prone vehicle as to why motorcycle insurance is more expensive than car insurance. Instead of skipping purchasing motorcycle insurance, know the other factors affecting its cost to get a better rate.

Location
The place where you live significantly impacts your insurance rates. For instance, if you live in colder states, there is a shortened riding season. Fewer accidents occur, so there are lesser insurance claims, resulting in lower rates. On the other hand, insurance for motorcycles is higher in warmer states as there are more chances of driving your bike, leading to more accidents and claims.

Age and Riding Experience
Teenager drivers pose the highest risk for insurers, so if you are one, your insurance rate may be higher than those who are older than you. However, being older does not always result in lower prices, as your level of experience also affects the quotes. A 35-year-old novice rider may pay more than a 25-year-old driver with more experience.

Vehicle Usage
If you drive your motorcycle to and from work every day, then you might pay more than those who ride one occasionally. The more you ride, the higher the rate.

Accident and Claim History
The more the number of accident records your motorcycle has, the higher the insurance rate, the same goes if it has a claim history.

Type of Bike
Motorcycle models with larger engines cost more to get insured, especially if it is also a high-performance biker.

Coverage Selection
As you add the coverages of your insurance for more protection, the higher the insurance quotes would be.

Credit
Most of the motorcycle insurers always check credit, whereas better ratings save more money. However, do not hesitate to get quotes as it does not affect your credit scores.

Accidents are inevitable and unexpected, which can cost you a sum of money, liabilities, and distressful lawsuits. Insurance is not only for business and health but is also significant to your day-to-day riding vehicle, as you are prone to all the risks while on the road.

At Priority Insurance LLC​, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (864) 297-9744 or Click Here to request a free quote.