If you have a motorcycle, you’re probably searching for the perfect insurance coverage. When shopping for insurance, it’s important to balance three major priorities: protecting yourself, your finances, and your bike. You should know that the cost of motorcycle insurance ultimately depends on you. Let’s take a deeper look at what factors affect the cost of your motorcycle insurance.
Where You Live
The state you reside in can impact how much you’re expected to pay for insurance. The average cost of motorcycle insurance in California starts at around $110 a year and is required by the law if you own a motorcycle. You must have at least $15,00 in bodily injury liability, $5,000 in property damage coverage, and $30,000 in bodily injury liability per accident.
How Often You Ride Your Bike
Do you live in an area with the perfect weather for riding year-round, or do you have to protect your bike from the snow? If you ride more frequently, you’re more likely to have a higher rate because you have a higher accident risk. Although long months in storage is a theft risk, you won’t spend much time on the road, lowering your insurance premiums.
Your Driving History
Insurance providers will review your driving record before giving you a rate. Your history of violations, tickets, license suspensions, accidents, and other traffic incidents will determine how you can file a claim. Finding lower premiums won’t be an issue if you have a spotless driving record. However, if you have a couple of marks, you will pay higher rates or have trouble finding an insurance provider.
Your Motorcycle’s Characteristics
Your bike’s characteristics can also affect the cost of your motorcycle insurance. Insurance providers typically view more powerful and larger bikes as high-risk. Bikes with larger engines produce more power, thus creating a greater potential for accidents. When providers compare motorcycles within the same category or class, you'll pay accordingly if your bike has a bigger engine.
Finding affordable motorcycle insurance doesn’t have to be hard. Saferoad Insurance Services provides affordable insurance for motorcycles in California. We take pride in providing excellent coverage at a lower price, so you don’t have to worry about emptying your pockets to go on a joy ride. Contact us today for a quote!