What Factors Affect The Cost Of Motorcycle Insurance?

Motorcycle insurance costs depend on factors such as your riding experience, the type of motorcycle you ride, your age, your credit history, and your expected claim frequency.

Factors Affecting Motorcycle Insurance

If you want to get the best rate: 

  • Shop around and compare quotes from different insurers.
  • Ask about any discounts you may be eligible for, such as a policy for young drivers or multi-line policies.
  • Find out what information the company will look at when deciding whether to approve your policy. 

Consult with Ransom & Associates Insurance Agency for inquiries in Winder, GA. 

More on Motorcycle Insurance 

Premiums will be higher if you have a history of speeding, accidents, or moving violations. If you’re under 25, you will likely be required to take a rider education course to get coverage. Most policies require that riders be at least 21 years old, but some go up to 25. You’ll pay less for insurance if you’re young, but you’ll also likely have a higher deductible. 

Other factors affecting the price of motorcycle insurance include.

  • Your location
  • Your job
  • Your claims history
  • The value of your bike
  • The type of bike
  • Where and how you store your bike
  • Your level of cover

The cost of your motorcycle insurance policy will depend on several factors, including your age, the type of motorcycle you ride, the length of time you’ve been licensed, and any Motorcycle Safety Foundation courses you’ve taken. Most companies will offer a variety of discounts when you purchase motorcycle insurance, including a AAA discount, a multi-line discount, a young driver’s discount, or a student discount. 

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If you’re a young driver, your motorcycle insurance will likely cost more than it would for an older driver, as young people are statistically more likely to be involved in accidents. Similarly, sports bikes tend to be riskier to drive than touring bikes, and your type of bike will also affect your premium. 

Insurance companies also consider factors such as your credit score, where you live, and the value of your bike. Most insurers will offer you a rate quote based on standard criteria. However, you can usually lower your premium by choosing a motorcycle with higher safety features, upgrading your bike, or maintaining a clean driving record. For expert insurance advice in Winder, GA, contact Ransom & Associates Insurance Agency.

What Are Georgia Motorcycle Insurance Options?

When you are looking for motorcycle insurance in Georgia, the minimum requirements are liability insurance for injuries and/or death. You also need minimum property damage liability insurance that will cover the property damage to other parties in the event of an accident.

You may want more than the minimum requirements. At Ransom & Associates, we want Winder, GA motorcycle riders to have the coverage they need for your motorcycle insurance. We can help you to design the most thorough policy that you need.

Georgia Motorcycle Insurance Options

You are required to get the minimum insurance for your motorcycle. You can add on other insurance coverages to design the Georgia motorcycle insurance policy that you need.

In addition to the minimum requirements for motorcycle insurance, there are a number of additional coverages that you can get.

• Collision Insurance – To cover your own damage after a collision
• Comprehensive Insurance – Covers your losses after theft, vandalism, or fire
• Special equipment and accessories coverage 
• Replacement cost coverage
• Medical expenses
• Roadside assistance
• Uninsured motorist coverage – Covers you in the event a collision with an uninsured party occurs

For comprehensive and collision insurance, you will need to set a deductible on your insurance policy. After an accident or emergency, you will be paid by the insurance company after you pay your deductible.

Get a Quote

When you are looking for motorcycle insurance in Georgia, you will have a lot of options to get the most thorough coverage possible.  At Ransom & Associates Insurance Agency, we can help you to get the most coverage for your motorcycle. Call us for a quote today.