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Motorcycle Insurance: Highway to the Danger Zone

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There are many different reasons why driving a motorcycle is more dangerous than driving a car. For starters, they are far less stable than four wheel vehicles. This fact makes them more prone to collisions and damages. Drivers of motorcycles are also more seriously affected by weather and the elements, which can increase the risk of accidents. Thus, operating them requires more care and skill than a car. And, finally, motorcycles have much lower visibility than normal cars. Since they are harder for other drivers to see, they are involved in far more accidents. This really affects the cost of motorcycle insurance. Read the details below. 

Motorcycle Crash Statistics

One statistic states that, in 2016, motorcycle drivers were 28 times more likely than the drivers of cars to die in a crash. According to the Insurance Information Institute, in 2015, there were over 8 million registered motorcyclists in America. For each 100,000 motorcycle drivers, there were 1,000 recorded injuries and 57.25 deaths.  The Governors Highway Safety Association reported that 5,000 people died in motorcycle accidents in 2017. Although Forbes reports that the rates of motorcycle deaths might actually be decreasing, driving a motorcycle is still very risky. In the event that you are involved in a motorcycle crash, you want to make certain that you have good insurance coverage.  

Determining Premiums

So, what will insurance companies consider when determining the premiums of your motorcycle insurance? First of all, they will look at all of the standard variables of drivers such as age and driving record. Next, they will review the value of your motorcycle. This will give them an idea of how much it will cost to repair and replace. They will also look at any safety features your motorcycle may have. Of course, safer bikes are less likely to be involved in accidents. Related to safety features, it is important to consider crash rates. Just like cars, certain models of motorcycles are involved in accidents more often.

And, lastly, to determine the cost of your motorcycle insurance, they will evaluate rates of theft. If the type of motorcycle you own is stolen more often than others, that makes it a high target. This increases the chances that they will have to pay on a claim, so that could mean higher premiums. Overall, motorcycles are more likely to be stolen than cars, trucks, and SUVs. In 2016, motorcycle thefts were most common in California and Florida. Thus, where you live might also influence your insurance costs.

The Takeaway for Motorcycle Insurance

Overall, despite all of the risks, the cost of motorcycle insurance is not as high as you might think. According to ValuePenguin, the average monthly cost of motorcycle insurance in the U.S. is $43. Of course, this varies by state. The lowest average cost is $24 in North Dakota and the highest is $75 in Louisiana. Click to get a quote for motorcycle insurance today so you can see how those rates compare to the ones listed here.

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14 Comments

  1. Cathi Panarello on February 25, 2019 at 3:40 am

    This is the right blog for anyone who needs to seek out out about this topic. You notice so much its virtually hard to argue with you (not that I really would want…HaHa). You undoubtedly put a brand new spin on a subject thats been written about for years. Great stuff, simply nice!

    • Steve on March 14, 2019 at 4:29 pm

      Thank you Cathi. Appreciate the comments and please come back often and spread the news on Insuravita.

      Steve

  2. Arturo Miers on February 26, 2019 at 12:03 pm

    I really like foregathering useful information , this post has got me even more info! .

    • Steve on March 14, 2019 at 4:30 pm

      Arturo

      Love the comments. Glad we added values

      Steve

  3. Lowell Hefferan on March 7, 2019 at 10:14 am

    Hi there! I could have sworn I’ve been to this blog before but after checking through some of the post I realized it’s new to me. Nonetheless, I’m definitely delighted I found it and I’ll be book-marking and checking back frequently!

    • Steve on March 14, 2019 at 4:31 pm

      Lowell

      I’m sure this topic is well covered. We aim to add new and value-based content often so sign up (top of the page) to get your update alerts sent to your email. In that way when we publish new articles you will be advised…

      Steve

  4. Ardis on April 20, 2019 at 8:00 am

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  5. Lula on April 22, 2019 at 5:13 am

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    • Steve on May 4, 2019 at 8:56 am

      Lula

      We appreciate your comments and welcome you back. Please keep the comments and ideas coming.

      Insuravita

  6. Steve on May 16, 2019 at 7:35 am

    As Motorcycle use continues to rise with a big support for more on the electrical engines this will be a very interesting insurance sector for years to come

  7. Anonymous on July 20, 2019 at 4:38 pm

    Many people don’t even know they aren’t properly insured. Reading this article is a good way to educate yourself. Check out our other articles to further educate yourself on things like the average cost of these policies. When it comes to insurance, you should never get a policy that doesn’t fit your needs. Ensure that your policy covers the things you need. Consider where you live and your driving record. If you already have a policy, check with your insurance agency. Ask what types of coverage you have.  It might be time to switch. If you are looking for a new policy, know what you want. Make sure to do your research and see what’s available so that you get the best deal. Read the details here.

  8. Anonymous on July 20, 2019 at 10:34 pm

    purchase. Use Insuravita to compare quotes on your essential insurance needs for a motorcycle. This article is a great

  9. Dimucci on August 7, 2019 at 4:18 pm

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  10. Kathi Kuy Kendall on August 23, 2019 at 1:11 am

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