There are many factors that influence your motorcycle insurance rates. While some of these you can\u2019t control, others can be used to save money. Either way, it\u2019s important to know the why and how when it comes to the cost of your motorcycle insurance.<\/p>\n\n\n\n
In most states, motorcycle insurance is legally required. The limits vary between states so it\u2019s important to look at how much insurance your state requires. One of the few exceptions is Florida. Motorcycle owners in Florida are not required to carry a certain amount of insurance. Instead, they\u2019re required to carry a certain amount of financial responsibility, or to meet a financial threshold of $10,000 in medical benefits. This coverage doesn\u2019t necessarily have to come from a motorcycle insurance policy, although it\u2019s highly recommended.<\/p>\n\n\n\n
As you may expect, purchasing more coverage means higher premiums. Aside from coverage limits, however, the other factors that may influence your motorcycle insurance rates include your:<\/p>\n\n\n\n
Unfortunately, these are two aspects affecting your car insurance rates that you have little control over. Younger bikers tend to pay higher rates on motorcycle insurance. Males also tend to pay more, as they\u2019re statistically more likely to engage in dangerous driving activity.<\/p>\n\n\n\n
Your credit is viewed by the insurance agency as how reliable you are when it comes to paying your bills on time. To lower your motorcycle insurance rates, build your credit. You can do so by paying off debts and loans such as credit cards. Also set up automatic payments. Not only does this often cut out administration fees, but it also helps you not miss a payment.<\/p>\n\n\n\n
A biker\u2019s driving record is perhaps the biggest influence on their motorcycle insurance premiums. A long history of traffic violations or at-fault accidents raises your likelihood of having another accident.<\/p>\n\n\n\n
Be sure to drive defensively and avoid distractions on the road. It\u2019s often tempting to speed on a bike, but always be conscious of where you are and what the speed limit is. If you do get I n an accident, you can often take defensive driving courses in order to lower your insurance premiums.<\/p>\n\n\n\n
Your claims history often ties into your driving record. Filing a claim doesn\u2019t always raise your rates, but it can depending on the circumstances and cost of the claim.<\/p>\n\n\n\n