When you start your riding life or plan to change your motorbike, one of the major expenses that you must count in is your motorbike insurance. Furthermore, the number of people riding motorbikes is increasing with every other day and so is the number of motorcycle accidents. In such cases, a credible insurance policy is important to obtain coverage for your financial loss.
Even if you have an experienced motorcycle accident attorney on your side, you cannot obtain the maximum compensation without proper insurance coverage. Additionally, if you are liable for a motorbike accident, your insurance coverage can provide compensation to the victim. This explains the necessity of purchasing reliable motorbike insurance. When it comes to the cost of your motorcycle insurance, it depends on a number of factors. Some of those crucial factors include;
Your Age
The main factor that plays a major role in the cost of your motorbike insurance is your age. Usually, the insurance costs will be less if the driver is in his adult years. In case you are purchasing an insurance policy after 70 years of age, you are likely to pay more. Note that the chances for elderly people to get involved in accidents are more when compared to adults. Hence, it will be hard for a motorcycle lawyer to claim maximum compensation for an elderly victim.
Your Riding Experience
You cannot determine the cost of your insurance just on the basis of your age since your riding experience as well counts in. Note that a 30-year old with 5 years of riding experience is likely to pay more insurance cost than a 60-year old with 40 years of riding experience.
Your Gender
As far as gender is concerned, males are likely to pay more insurance premium charge when compared to females. You may find this unjust, but many studies report that men tend to make more road accidents when compared to women. In short, insurance costs and claims usually affect men far more than women.
Your Driving Record
Another factor that affects your insurance cost is your driving record to date. An insurance company executive will do a thorough background check on your driving life. They will mainly look for road accidents and tickets. Of course, the overall cost will be less if you are clean.
The State you Live in
You insurance premium charges tend to change with the place you live and your motorbike is registered in. Warmer states in the United States report higher riding window and more accidents. Hence, the premium charges will be higher in such American states when compared to colder states that feature shorter riding season. Similarly, your insurance cost may go high with traffic in the city. In a high-traffic state like California, you will have to pay high insurance premium charges.