Motorcycle Insurance: What affects your rates

            If you have ever purchased car insurance you may think that purchasing motorcycle insurance is the same and that rates will vary according to the same factors. Though this may seem logical to you, it is not the case. Motorcycle insurance works in a very different way and has specific factors that influence how high or low your premiums will be.

            First, your age is a major factor in the price of your premium. The highest insurance rates will usually go to drivers younger than 25. The second factor is your driving record. The insurance company will check your driving record before issuing a quote. This is one of the most important factors in determining your insurance rates. The more points you have on your record, the higher your rate will be. Next is determining your experience. If it is your first motorcycle, most likely, you will have to pay more to be insured. But don’t worry you first time riders, different companies can have different prices so make sure to ask you agent for the best rate. Fourth factor, your location. Where you live is a big factor in determining your insurance rate. For example, motorcyclists who live in rural areas might have lower insurance premiums than those who live in manor cities. The more traffic there is in your area, the higher the accident rate will be, therefore the higher your insurance premium can be.

            When you decided to shop around for motorcycle insurance it is important to make sure your agent is looking for the best price for you. Also, make sure to ask about a number of discounts that you could be eligible for. Some of these discounts include renewals, credit for qualified safety courses, multi-policies with our company and much more. These discounts could significantly lower your insurance premium. At John E. Peakes Insurance agency we have competitive prices, amazing customer service, and the desire to get our customers the best rates possible. So call us right away and let us help you save money so you can ride your motorcycle with a clear conscious.