The advantages and disadvantages of motorcycle insurance are not as cut and dried as many bikers think. While there are certain things you should do before buying motorcycle insurance that will definitely affect the motorcycle insurance cost, such as making sure your bike is fitted with the correct safety equipment, the price will still depend on a number of factors. The most important factor is your age and gender, as each of these will affect how much you will have to pay for your insurance. Young men may find it harder to get lower priced insurance than a female driver, but this is because men have a higher accident risk as compared to women. Males are also more prone to wearing high-visibility jackets when riding their motorcycle, which is another thing that can attract higher motorcycle insurance costs.
If you have an older motorcycle, then it’s probably not a good idea to buy a new bike, since you will be adding quite a bit onto the motorcycle insurance cost. One of the reasons for this is that motorcycles depreciate quite quickly, and so the price of a motorcycle will increase rather quickly. Another reason is that the older the motorcycle is, the less likely you are to be able to claim any sort of damage, since the repair costs associated with a motorcycle are very high.
If you have to purchase motorcycle insurance because you have a new motorcycle or have an old one stolen, then your insurance costs are going to be very high, unless you can prove that the motorcycle was only taken for ‘free’. In such cases, the insurance company may consider allowing you to claim a deductible, but then you will have to pay that amount out of your own pocket if you injure yourself or if your car gets damaged. It is also advisable to keep your driving record clean, since this can negatively impact the motorcycle insurance cost.