Al Boenker Insurance Blog - Determing Your Motorcycle Insurance Rates
Jul 22, 2015
Have you ever wondered what determines motorcycle insurance rates? Here at Thanks Al, we offer motorcycle insurance for all riders of Texas. With summer in full swing, there's no better time to hit the open road on your beloved motorcycle. Before you ride, it's crucial you're motorcycle is covered with the right insurance. We're here to explain how our motorcycle rates are determined:
- Your motorcycle type. Generally speaking, the more expensive a motorcycle is, the more expensive insurance rates will be, simply because they're more costly to replace if something goes wrong. Motorcycles that are high-powered are going to be more costly to ensure than those that are low-powered.
- Age and driving record. Younger riders are typically more accident prone, simply because they don't have the experience as older, more mature rider would. Any tickets and collisions are factored in when calculating motorcycle premiums.
- Location. Where you live is factored in to your insurance rates. If you are located in an urban area, with less vehicles, your likelihood of getting into a collision decreases, as does your motorcycle insurance rate. More populated, rural areas, have an increased risk of collisions or theft occurring.
- Rider skill. New or first time riders will have higher average insurance rates simply because they have less skill and experience on the road. Riders can become more 'experienced' by taking a motorcycle safety course.