Motorcycle Insurance Cost: Driving Record

When it comes to giving you a quote for motorcycle insurance, insurers look at your driving record, including past accidents and tickets. Typically, the fewer accidents and traffic violations you have on record, the less you’ll pay for motorcycle insurance.

Below is general information about how accidents and tickets could impact the cost of your motorcycle insurance.

A Clean Driving Record
A clean driving record often nets you lower premiums. If you’ve managed to avoid accidents and traffic violations, you’ve demonstrated to insurers that you’re less of a risk. Thanks to your clean record, you might automatically be quoted a lower price for your policy, or you could qualify for a “safe rider” discount on your motorcycle.

Accidents and Their Impact On Motorcycle Insurance Costs
Involvement in accidents, especially those in which you’re at fault, can lead to an increase in insurance premiums. Once you’ve had an accident, you’re viewed as high-risk, and this is reflected in your insurance rates. For example, after an at-fault accident, depending on the motorcycle insurance company, you might experience a 20-40% increase in your insurance premium. The severity and time of the accident also play a role. A recent, serious accident, (such as one involving bodily injuries), could cause a higher rate hike than a minor, older incident.

Tickets And Their Impact On Motorcycle Insurance Costs
Traffic violations – ranging from speeding tickets to DUIs – can adversely affect your motorcycle insurance rates. Minor infractions, (such as a ticket for failing to yield), might result in a moderate increase in premiums. However, more severe violations, (such as a DUI), can cause your premiums to skyrocket. In some cases, if you have serious violations on your record, you might have a hard time finding affordable motorcycle insurance, or insurance at all.

Lookback Period For Motorcycle Insurance Rates
The lookback period, also known as the “surcharge period” or “insurance rating period,” is often 3-5 years for most incidents. However, it can vary from insurer to insurer, depending on the severity of the incidents, the type of coverage, and state regulations.

Factors Influencing An Insurance Rate Hike For A Poor Driving Record
Several factors can influence whether your insurance goes up and by how much.

Frequency of Incidents: Multiple violations or accidents within a short period indicate high risk to insurers, leading to higher premiums.

Severity of the Traffic Violations: Major infractions, (such as DUIs, reckless driving, and excessive speeding), have a more substantial impact on the price of your premiums than less serious traffic violations (such as failure to yield or making an illegal turn).

Time Since Your Last Incident: Older violations and accidents have less impact than recent ones. Many insurers decrease the penalty for incidents over time, assuming you maintain a clean record.

Geographic Location: Different states have varying regulations that can affect how much an accident or traffic violation can affect premiums.

How To Lower Your Cost Of Motorcycle Insurance
If you’re paying a high price for motorcycle insurance because of your driving record and/or accident history, there are a few things you can do.

For starters, shop around and get quotes from other motorcycle insurance companies. Different insurers weigh driving records differently, so you might find a more favorable rate.

You can also complete a motorcycle safety course, which could entitle you to a discount, depending on the insurance company.

And finally, you can try to improve your record by riding less aggressively and more defensively. Going forward, maintaining a clean driving record can gradually lower the cost of your motorcycle insurance.

Can’t Get Motorcycle Insurance
If you’re having a hard time finding motorcycle insurance because of your driving history and/or accident history, consider getting a quote from Dairyland Motorcycle Insurance. Dairyland caters to riders who might not be able to find insurance coverage anywhere else.

Check With Your Insurance Agent Or Company
Please note that the information provided above is for informational purposes only. For the most accurate, up-to-date, specific information, check with your insurance agent or insurance company.