Discounts
Discounts vary by carrier and discounts available for motorcycle coverage may be different than those available from standard auto insurance policies. Here are some motorcycle-specific discounts that are worth looking into:
- Completion of motorcycle training or safety course
- Membership to a motorcycle riders organization
- Mature rider discount for older and/or experienced riders
Cost
The cost of motorcycle insurance depends on numerous factors. Below are some factors that can affect the pricing of your motorcycle policy:
- High horse power to weight ratio
- Close-quarters racing capabilities
- Age of rider
- Engine size
- Age of bike
Motorcycle insurance may be more expensive than car insurance for a variety of reasons.
- They can be more difficult to see on the road and in blind spots
- Motorcycle crashes result in a higher incidence of serious and fatal injuries due to the lack of protection when compared to a car
- They are much easier to steal than cars
- Stolen motorcycles are easier to disassemble and sell for parts, making recovery rates much lower