For those who have turned 17, obtaining motorcycle insurance is a necessity if you want to protect you, your bike and any involved parties if you should have an accident. In this article, you will get everything you need to know about motorcycle insurance for 17 year old.
The Necessity of Motorcycle Insurance:
In 48 of the 50 states (check out if your state requires motorcycle insurance), motorcycle insurance is required for all drivers and this includes those who are 17 years old. Because motorcycle insurance for 17 year old is required, you will need to either purchase the policy yourself or have your parents, relative or guardian purchase the insurance for you in order to comply with state laws.
Motorcycle insurance is not only necessary in 48 of the 50 states, it is also widely available as long as you have a driver’s license and own your motorcycle. However, it must be noted 17 year old motorcycle insurance is going to be significantly higher in cost than the same type of insurance for those who have reached the age of 26.
This is because insurance premiums are based on statistics which means that drivers 17 to 25 are at much higher risk for having an accident as compared to 26 and above.
However, the availability of the insurance of the insurance is present in all 50 states. This means that you can search a wide variety of insurance companies to get what you need.
Types of Policies & Benefits:
You can choose from a number of different policies that meet different needs. You will need to take into account that if you have a lien against the motorcycle because you took out a loan to pay for it, then you are required to have comprehensive insurance. Otherwise, there are different policies available for motorcycle insurance for 17 year old.
Comprehensive: This covers all damage to your motorcycle as well as other drivers in case the accident was your fault. It is the most expensive type of policy for your motorcycle, but it does provide complete coverage.
Collision: This type of insurance provides coverage only in case you are involved in a collision. It is generally less expensive than comprehensive and will provide good coverage in such instances.
Liability & Uninsured Motorist: This is generally the minimum requirement by the state for both motorcycle and automotive insurance. You are covered if the accident is not your fault and if the other driver does not have insurance. However, if you caused the accident, then your motorcycle is not covered in terms of damages.
Theft: Motorcycles are popular targets for thieves which is why this type of insurance is in high demand. If your motorcycle is stolen, you can receive compensation from your insurance company if you have this type of coverage. Learn how to prevent motorcycle theft that ensures a reduced premium from the provider.
These are the basic types of motorcycle insurance for a 17 year old. The roadside assistance is another useful coverage you must consider. Remember, you can tailor your policy to better fit your needs and budget.
How Much is Motorcycle Insurance for a 17 Year Old?
The answer to that question will depend on many different factors which includes the following
- Type of Motorcycle
- Personal Driving Record
- Your Gender
- The State You Live In
- The Type of Insurance
While there is no general number available for the cost of motorcycle insurance because of all the different factors, it can be stated that a 17 year old may pay anywhere from $600 to $2000 or more per year. If you drive a high-powered sports-type bike, you can expect to pay considerably more for your insurance.
While there are no hard and fast numbers that would be typical for a motorcycle driver given the number of variables. What can be said is that you are likely to pay twice as much for motorcycle insurance as a 30 year old.
So, if a 30 year old is paying $650 a year, a 17 year old is likely to pay $1,300 per year given the same type and amount of insurance.
A good driving record helps, but if you have been in an accident that will drive up the costs considerably. Plus, men have to pay considerably more for their insurance than women. Finally, the types of insurance that you choose as well as the state in which you live are important factors as well.
Generally speaking, finding cheap bike insurance for 17 year olds is not easy, but it can be done if you do the following;
- Select a low-powered bike, preferably 125cc or less
- Take an approved safety driving course
- Choose the state minimum insurance if you can
- Choose a higher deductible
- Drive only during certain times of the year
Low powered motorcycles provide a substantial discount when it comes to insurance rates because they are less likely to be involved in accidents. Taking an approved safety driving course can also reduce your rates. Plus, if you purchase the bike outright, you can then select the state minimum insurance requirements such as liability and uninsured motorists.
A higher deductible means more out of pocket expenses, but it can save you a considerable amount of money. And, if you only drive your motorcycle during the summer months, you can get a substantial discount for seasonal coverage.
Tips to Find the Best Insurance Policy:
While motorcycle insurance for 17 year old drivers is expensive, there are ways you can find the right coverage at the lowest cost. Here are a few tips that will help keep your insurance rates as low as possible.
Buy a Cheap, Used Motorcycle: When you consider the costs for 125cc bike insurance 17 year old will have to pay, the lower the power, the better. Plus, by purchasing a used motorcycle without a loan, you will not be required to purchase comprehensive.
Keep it Locked Up: Theft is one of the biggest cost drivers for motorcycle insurance. So, keep your motorcycle locked up in the garage where thieves will not know it’s there, much less try to steal it.
Purchase Seasonal Insurance: If you live in a state that has cold winters, then you will probably not be riding your motorcycle. Get insurance for the 6 warm months of the year and save a considerable amount.
Getting insurance for 17 year old motorcycle drivers is expensive, but you can shop around for the best rates. We are offering instant and affordable bike insurance quotes for you from some of the most reliable providers in the USA. You no longer need to roam around the internet in order to obtain the best one.