Motorcycles are unique assets. Many people use them to enjoy special trips during spring, summer, and fall. Perhaps you're a young motorcycle rider and you're excited to plan your first adventure. Be aware that riding a motorcycle can be dangerous. Purchasing motorcycle insurance provides a layer of protection in the event of an emergency. However, finding affordable insurance as a young rider can be difficult. Here's an overview of how to find motorcycle insurance for 18 years old.
Insurers look at multiple variables when calculating motorcycle insurance costs, such as your home state, age, and the type of motorcycle you want to be insured. As a young and relatively inexperienced motorcycle rider, you should expect to pay higher premiums. Your location may assist you somewhat if you are staying in an area that has a low theft rate. Research shows that motorcycle insurance for 18 years old generally costs over $1,000 per year.
The amount of coverage included in your motorcycle insurance policy impacts your overall rate. Be aware that you are legally required to purchase minimum liability coverage. Minimum liability coverage assists with potential costs if your motorcycle is responsible for hurting someone or causing property damage. Liability coverage handles potential repair costs, medical bills, and even your legal fees if the impacted party chooses to sue you. While adding minimum liability coverage is inexpensive, it's recommended that you add collision and comprehensive coverage due to the risks involved with operating a motorcycle.
You'll also have to consider your policy deductible. Your deductible is the amount you are responsible for paying toward damages before your insurance handles the remaining balance. The higher the deductible, the lower your monthly premiums are. However, increasing your deductible isn't recommended if you are in a poor financial situation.
Insurers look at your riding history and age. This is an important variable when calculating motorcycle insurance for 18 years old. Your rates will decline as you get older and accumulate more riding experience.
Your motorcycle insurance premiums will be higher if you ride your motorcycle frequently compared to using it on a temporary basis. Consider asking your insurer if you qualify for a mileage-based plan. Your premiums will be tied directly to the number of miles that you put on your motorcycle.
Insurers will monitor your location to see if you are staying in a high-crime area. They will also assess the temperature. You'll pay lower premiums if you're staying in an area with shorter riding periods compared to staying in an area where you can use your motorcycle all year long. The more you ride your motorcycle, the higher the chances of you being involved in an accident.
Insurers will analyze your riding history. Young riders are generally viewed as being more prone to reckless riding. If you have an accident on your record, which will likely raise your premiums. At-fault accidents are considered the most serious red flag to insurers. Insurers will also check to see if you have any speeding tickets or other violations on your riding record. While multiple violations have a negative impact on your insurance rates, most of them expire from your record after a few years. It's important to practice safe habits at all times.
Most insurance companies will perform a credit check before finalizing coverage. It's recommended that you assess quotes from multiple insurers before choosing a policy. This can help you find an affordable rate. You may qualify for a discount if you're a good student, or decide to join a motorcycle club. You may also qualify for a discount if you add a motorcycle endorsement to your driver's license.
While finding affordable motorcycle insurance as a young rider may seem impossible, there are a few things you can do to make things easier. If you have any questions about coverage, contact the team here at Jack Stone Insurance Agency and we will assist you.
