When it comes to obtaining motorcycle insurance for 18 year old, there are some factors that you will need to consider. While the age of the driver is important, there is also the driving record, type of bike and other areas of consideration. There are certain ways to cut down the cost of the premium as well.
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Availability of Motorcycle Insurance for 18 Year Old:
There is 18-year-old motorcycle insurance, and it is available for virtually every driver of that particular age. However, a motorcycle driver with several accidents and a bad driving record may be denied for coverage under such extreme circumstances. For the most part, if you are a teenager, have a license to drive a motorcycle and a relatively clean driving record, then you should be able to obtain the insurance.
Most of the states require a motorcycle insurance, so you will need to have coverage if you expect to drive your bike. In the states where the insurance is optional, it can be of great benefit for you to get coverage in case of an accident. Statistically speaking, an 18-year-old is more likely to get into an accident than a 30-year-old. So, to ensure that you have proper coverage, it is wise to obtain motorcycle insurance.
You can choose from a number of providers and select the right package that fits your needs. It is best to choose from an established provider who offers packages that are the most affordable. Be warned however that the average motorcycle insurance cost for an 18-year-old is considerable.
How Much is Motorcycle Insurance for a 18 Year Old?
The average motorcycle insurance for 18-year-old male with a good driving record will cost roughly $500 to $600 per year. However, many different factors need to consider to determine the exact rate that you will receive. To have a better idea of just how much you can expect to pay, you will have to take into account all the variables.
Male or Female: Generally speaking, male drivers are going to pay more for their insurance. This is because statistically speaking men are more likely to get into motorcycle accidents than women, and that includes vehicle drivers of this age.
Driving Record: This may be the most important factor when it comes to the availability and cost of your motorcycle insurance. A clean driving record will help get you the lowest rates for your insurance which will increase based on the number of accidents that you have had over the time that you have been driving.
School Record: It is a fact that the better you do in school, the lower your rates will be. This is because “A” students are less likely to be involved in accidents than “C” students. So, the better your grades, the lower your premiums will be.
Read here about the other important factors that are taken into account while calculating the premium.
Increase Deductible: This is one of the most common means to lower your rates is by increasing the out of pocket expense. The bigger the deductible, the less your insurance rates will be depending in part on the type of coverage that you have. However, you will need to have enough money saved up to cover your deductible so that you will not be caught flat-footed in the case of an accident.
Liability and Uninsured Motorist: You don’t require a comprehensive coverage on a motorcycle that you fully own. This means that you can have liability and uninsured motorist which are the minimums for most states. Comprehensive insurance is considerably more regarding premium rates than paying only liability and uninsured motorist. However, you will not have the full coverage that comprehensive policy provides.
Motorcycle Safety Course: Taking a course that is recognized by your insurance company is a great way to save money on your premiums. This can lower the motorcycle insurance for an 18-year-old considerably when completed.
Types of Coverage:
There are several types of coverage available and choosing the right one will mean paying the least amount possible when it comes to how much is motorcycle insurance for an 18-year-old driver.
Comprehensive: This type of coverage means that you are covered no matter who caused the accident. You require this type of insurance if you have taken out a loan to pay for your bike, so you will want to find the right company that offers the best rates for the coverage you need.
Liability and Uninsured Motorist: This is the typical minimum coverage for most states which will ensure that the person not at fault is covered. Also, the uninsured motorist is coverage provided when the other driver is at fault but does not have insurance for their vehicle.
Collision: This is insurance that covers all costs in case of a crash which is the most common type of damage done to motorcycles.
There is also theft, roadside assistance and other forms of specialty insurance that are well suited for particular needs. For example, if you only drive your motorcycle during certain times of the year, then you can opt for seasonal or temporary insurance that only applies to the moments in which you drive. Be sure to go over your needs with your insurance agent or company to find the right package for you.
Finding the right motorcycle insurance for 18 year old drivers is not all that difficult, but the complexity does lie in the options that are available. You will need to assess the exact type of insurance needed and then find the right company that offers the best premium rates, service and dependability that you desire. All you need to do is find which policies work best for your needs.