Save Big Comparing Motorcycle Insurance Like a Pro
Factors Influencing Motorcycle Insurance Rates
Several factors affect how much you’ll pay for motorcycle insurance. These include your age, driving history, the type of motorcycle you own, and even your credit score. For example, sports bikes typically attract higher premiums due to their higher performance and increased risk of accidents. Additionally, riders with a clean driving record are often rewarded with lower rates, as they represent a lower risk to insurers2.
Tips for Saving on Motorcycle Insurance
To maximize savings, consider bundling your motorcycle insurance with other policies like home or auto insurance, as many insurers offer discounts for multiple policies. Additionally, opting for a higher deductible can lower your premium, though this means you'll pay more out of pocket in the event of a claim. Regularly reviewing and updating your policy can also ensure you’re taking advantage of any new discounts or changes in your circumstances that could lower your rate3.