You just bought a motorcycle to cruise on this summer and cant wait to take it for a spin. But before you head out on the open road, you need to make sure your new ride is safe from harm. The best way to do that is by getting your bike insured. Not only is purchasing motorcycle insurance a wise decision, having at least liability insurance is required in most states. So lets talk costs:
Several Factors to Consider:
When determining the price of your insurance, providers will take several factors into consideration. They will look at your age and driving record, the type of vehicle you are insuring, and the amount of coverage you want.
Those of you below the age of 25 looking to get a sports motorcycle can expect to pay the most. Your rate can easily reach $1,000 dollars or more a year, though a good driving record will help to bring it down some.
If you are above the age of 25, you can find out about how much you will pay by looking below at the different categories and finding the one that best describes you. These rates are for cruiser motorcycles only, as sports motorcycles will cost more. (Actual rates may vary.)
I Have a Good Driving Record and Am Getting Liability Insurance.
Great news! You will have the lowest rate. Your insurance will likely cost between $200 and $500 a year. You can further decrease your rate by purchasing insurance through an auto insurance carrier, owning a home, maintaining good credit, and taking motorcycle safety courses.
I Have a Good Driving Record and Am Getting Full Coverage.
Full coverage is an excellent option for those who own a newer or higher priced bike. You will pay a few hundred dollars more each year, with annual costs ranging between $400 and $800. You can lower your rate by increasing your deductibles and opting out of insurance add on coverage.
I Have a Bad Driving Record and Am Getting Full Coverage.
A bad driving record will significantly increase your costs. What you will pay varies based on the extent of damage your record has incurred. The best thing to do in this situation is shop around for the best possible rate. Royce Williams offers competitive rates for our customers and would be glad to help you out.
Get Your Bike Insured!
In the past, most motorcyclist were young twenty somethings. But now, 55% of riders are 40 or over. Furthermore, the majority of riders today have at least some education, meaning bikers commonly own several valuable assets they want to protect.
Get coverage for your motorcycle today by contacting Royce Williams! We will help you choose the right option to meet your needs.