Explain What Factors Affect Motorcycle Insurance Rates Should Helmets Be Considered?
What Factors Affect Motorcycle Insurance Rates, should helmets be considered?
By
Eddie Wenzel and Vincent Starkson
Group 18
Dr. Zhang
Fall 2012
10:00 AM Section
Purchasing motorcycle insurance is not the same as purchasing car insurance because different factors will affect the premium. Both you and your motorcycle will be considered by the insurance company, and there are several ways you can decrease your motorcycle insurance. The following are the most common factors that affect motorcycle insurance rates in the United States
As with all automobile insurance premiums, your age will be a large factor. Female drivers under the age of twenty-one and male drivers under the age of twenty-five will typically …show more content…
If you live in a small, rural area, your insurance rates are likely to be lower than if you live in a large metropolitan area. Motorcycle accidents increase with more traffic and your risk for accidents and injuries decrease dramatically when you live farther out in the country. However, don 't say that you live in a rural area when you don 't; this is insurance fraud. In some areas, your occupation can affect your motorcycle insurance rates, but a more important factor is what you use your vehicle for. Insurance rates will change dramatically if you use your motorcycle for business rather than purely for recreational …show more content…
Many states (20 and counting) have passed laws requiring all riders to wear helmets. This includes motorized and non-motorized bikes. States that have universal helmet laws observed rider use percentages nearing 100 percent, where states that have no such laws have rider use percentages under 50 percent. Studies from the CDC have shown that cyclists wearing helmets survive accidents at a three times higher rate. Riders who do not were helmets and were involved in an accident have cost the health care system over $12 billion in 2008
By
Eddie Wenzel and Vincent Starkson
Group 18
Dr. Zhang
Fall 2012
10:00 AM Section
Purchasing motorcycle insurance is not the same as purchasing car insurance because different factors will affect the premium. Both you and your motorcycle will be considered by the insurance company, and there are several ways you can decrease your motorcycle insurance. The following are the most common factors that affect motorcycle insurance rates in the United States
As with all automobile insurance premiums, your age will be a large factor. Female drivers under the age of twenty-one and male drivers under the age of twenty-five will typically …show more content…
If you live in a small, rural area, your insurance rates are likely to be lower than if you live in a large metropolitan area. Motorcycle accidents increase with more traffic and your risk for accidents and injuries decrease dramatically when you live farther out in the country. However, don 't say that you live in a rural area when you don 't; this is insurance fraud. In some areas, your occupation can affect your motorcycle insurance rates, but a more important factor is what you use your vehicle for. Insurance rates will change dramatically if you use your motorcycle for business rather than purely for recreational …show more content…
Many states (20 and counting) have passed laws requiring all riders to wear helmets. This includes motorized and non-motorized bikes. States that have universal helmet laws observed rider use percentages nearing 100 percent, where states that have no such laws have rider use percentages under 50 percent. Studies from the CDC have shown that cyclists wearing helmets survive accidents at a three times higher rate. Riders who do not were helmets and were involved in an accident have cost the health care system over $12 billion in 2008