Why Motorcycle Insurance is More Expensive than Car Insurance

by | Apr 18, 2013 | Automotive

If you’re driving any vehicle on the open road, you’re required to carry insurance on that vehicle. This applies to a car, truck, scooter and a motorcycle. The prices on insurance can vary widely, but one vehicle where you will pay more is on your motorcycle. motorcycle insurance in Knoxville tn is known for being expensive and the reasons for this are many.

#1 Lack of Protection

One major reason that motorcycle insurance is so expensive is that the driver of a motorcycle isn’t protected like someone who is in a car. If a serious accident occurs, a cyclist will be much more likely to have serious injuries or to even die. In fact, motorcyclists are 35 times more likely to die in an accident than someone in any other kind of vehicle.

#2 Higher Accident Rates

It may not seem fair to motorcyclists, but motorcycles are in more accidents in cars. The reason you don’t see a motorcycle in an accident everyday you’re on the road is because there are fewer motorcycles on the road in general. According to the US Census Bureau, only .0011% of vehicles on the road are motorcycles. Yet, 10% of crashes in the US have a motorcycle involved.

#3 Younger Drivers

While it isn’t always the case, typically motorcycle drivers are younger males. Men under the age of 25 pay more for insurance than older men or younger women.

Saving Money on Your Insurance

Just because motorcycle insurance Knoxville tn is more expensive doesn’t mean that you can’t save money. Just like with car insurance, you can take advantage of discounts as well as other things to save money.

For example, if you have other kinds of insurance, such as home owner’s insurance, life insurance or car insurance, buying all of your polices through the same company will save you money. In addition, taking safe motorcycle driving courses can lead to discounts from your insurance company as well.

Don’t allow anyone else to drive your motorcycle. Also, to keep costs down, if you have a minor accident, don’t make a claim with your insurance company unless absolutely necessary. Claims, even small ones, increase your insurance costs. Purchase anti-theft devices for your motorcycle, including tracking devices, as this can help lower your costs as well.

While you will pay more for motorcycle insurance, you can save money. Just remember, drive carefully and pay attention to other drivers on the road.

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