Motorcycle Insurance Cost: Usage-Based

How often you ride your motorcycle and how you use it can have a significant impact on the cost of your motorcycle insurance.

Below is general information about usage-based pricing on motorcycle insurance.

Frequency Of Use For Motorcycle Insurance Coverage
Some motorcycle insurance companies offer discounts to riders who cover fewer miles each year. The rationale behind this is simple – the less you ride, the less likely you are to be involved in an accident. If you only use your motorcycle occasionally (for leisure rides or weekend getaways, for example), you’re considered a lower risk, which can translate into lower premiums.

On the other hand, if you use your motorcycle for daily commuting to work and/or it’s your primary mode of transportation, your insurance premiums could be higher.

Commuting exposes you to more traffic and increases the likelihood of accidents, which insurance providers consider when determining rates.

Types Of Use For Motorcycle Insurance Coverage
The types of use or activities that you engage in while riding your motorcycle can also impact the cost of your motorcycle insurance.

Riding For Pleasure
Riding your motorcycle purely for pleasure, such as recreational trips, weekend rides, or motorcycle tours, is often associated with the lowest insurance costs.

Using your motorcycle for daily commuting can result in higher insurance premiums, because increased time spent on the road and exposure to traffic congestion increase the likelihood of an accident.

Business Or Commercial Use
If you use your motorcycle for business purposes, (such as food delivery or courier services), your insurance rates will likely be higher. Business usage carries a higher risk due to the increased mileage and potential for accidents.

Racing Or Stunt Riding
Motorcycle insurance companies consider racing and stunt riding high-risk activities, and they may either charge exorbitant premiums or refuse insurance coverage altogether.

Lay-Up Insurance Or Storage Insurance For Motorcycles
If you don’t plan to ride your motorcycle for an extended period of time (through the winter, for example), you could dramatically cut back on your insurance coverage and premiums. Lay-up insurance or storage insurance for motorcycles is a policy option that allows you to reduce your insurance coverage during the months when you’re not riding your motorcycle. This type of insurance still provides comprehensive coverage (against risks such as theft, vandalism, or damage from non-collision events), but it suspends your liability coverage and collision coverage.

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!