When it comes to insuring a vehicle, price is one of the most common questions. That’s why in today’s blog post, we explore whether motorcycle insurance is cheaper than car insurance and what factors determine the cost of each.
Motorcycle Insurance vs Car Insurance
Before discussing whether one is less expensive, it’s essential to understand the difference between them.
Motorcycle insurance covers motorbikes and mopeds, while car insurance covers cars, vans, trucks, and other road-use vehicles. Both types of insurance offer mandatory and additional coverage options that influence their costs.
Is Motorcycle Insurance Less Expensive Than Car Insurance?
Yes, in general motorcycle insurance is cheaper than car insurance.
The reason is that motorcycles generally have lower repair and replacement costs than cars, which can result in lower insurance premiums.
However, this can vary depending on the type of motorcycle and its value.
Factors That Affect Motorcycle Insurance costs
A motorcycle’s insurance cost depends on the bike’s age, value, type, power, engine displacement, rider’s experience level, and driving history. In general, new and high-powered motorcycles cost more to insure than older and low-powered bikes.
Additionally, riders with a history of accidents, violations, or claims pay more for insurance.
However, motorcycle insurance can be cheaper than car insurance if you choose a lower-powered and older bike and have a clean driving record.
Factors That Affect Car Insurance Costs
Car insurance premiums are usually higher than motorcycle insurance premiums. They’re based on the car’s make, model, year, safety features, engine size, value, and location.
The driver’s age, driving history, credit score, and insurance deductible can also affect the insurance cost.
On the other hand, if you own a safe car and have a clean driving record, you’ll pay less for insurance.
To learn more about insurance for your vehicles, read our previous blogs, “Why Is Commercial Auto Insurance Important?” and “Does Commercial Auto Insurance Cover Cargo?”
Need Commercial Auto Insurance? Uniserv Is Here To Help
Whether it’s life insurance or business insurance, we offer a wide range of insurance solutions to protect the things you value the most.
We serve companies and individuals all over California. Call 888-698-6473 today or fill out the contact form to get the dependable protection you deserve.