Riding a motorcycle can be risky this is why motorcycle insurance is very important and can be a difficult choice with all the options available nowadays and the contrasting rates. You will have to consider quite a number of factors when choosing the right coverage as these will greatly influence your premium rates.
Factors such as age and the how experienced you are as a motorcyclist as well as the kind of motorcycle you have and its value on the market, will determine the rate of your monthly or yearly premium. If you have had many speeding tickets and you have a standard drivers license then your premiums will be higher. Usually for motorcycle insurance coverage insurance companies will not make a detailed research, however you should consider these issues too.
Motorcyclists are considered more dangerous than car drivers as they usually drive faster and the fact of having only two wheels under them makes the vehicle more vulnerable in bad weather conditions and when driving at higher speed. For this reason insurance companies consider motorcyclist a high risk customer and premiums can get high.
If you really need to reduce the premium on your motorcycle insurance policy then you can actually take a course on professional motorcycle riding or even an advanced course if you are already a good driver. This plays an important role for insurance companies to determine how reliable you are on your motorbike.
You can also specify what use you will be making of your motorcycle. Will you be using it to commute from your home to your work location or only for recreational reasons, for a Sunday outing or other short escapades? This will determine the rate of your premium. Even if you do use your motorcycle everyday you may only be driving a few miles, hence the insurance company should work out how many miles you run per year and how much time you spend driving your motorcycle.
Those motorcyclists who spend more time on the road will definitely have to expect to pay higher premium rates, while someone who simply uses a motorcycle to get to work and back can expect to pay less. Insurance consider that if you are on the road all the time you are more prone to accidents as well as theft, especially if you park your motorcycle in various different locations and do not even have a garage.
Take time to collect different quotes from various insurance companies and try and consider the above issues when requesting for premium quotes, as these can be considerably reduce if you know what you should be giving as basic information when you ask for a quote online.
Make sure you read between the lines and try and obtain suitable coverage when purchasing a motorcycle insurance policy, as you want to avoid having to pay extra as well as your insurance premium.