Why is sport bike insurance so expensive?
WE A NSWER:
There is a simple and logical explanation as to why sportbike insurance rates are higher than prices of regular motorcycle coverage. Insurance is based on actuarial data, and according to statistics, sport motorcycles tend to be involved in more accidents than any other kind of bike.
One explanation for the tendency of sport bikes to get into more accidents, is their high performance - sport bikes are very powerful vehicles and can even speed up to 200 miles per hour. When the high "cc" output is matched with an inexperienced rider, the results can be catastrophic. This is why men bikers under the age of 25 are typically subject to high, sometimes even exorbitant, sportbike insurance premiums.
For the true sportbike aficionado, half the fun of having a sports bike is when they begin to customize it. However, you should bear in mind that none of the modifications you make to the bike will
be automatically covered by your motorcycle insurance unless you declare each of them to the insurance company.
Tips for Finding Affordable Sport Bike Insurance
Even though it is sometimes prohibitively expensive, you can find sportbike insurance at reasonable prices if you follow some simple pieces of advice:
- Always remember that the more expensive the bike, the higher the premium. This is logically so, since expensive sports bikes have some of the highest rates of crash incidents in the country.
- If you intend to ride your bike once in a blue moon, you should really consider buying a lower-performance motorcycle - it will cost you less to insure than if you are to cover a bike with a high-cc engine.
- Your insurance company might offer you to enrol in their Safe Rider Course by giving you a discount on your sportbike insurance for participation.
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