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Many people are cutting corners everywhere they can to make ends meet. It’s a well-known fact that as the years roll by, prices go up. This brings many to the question, is motorcycle insurance cheaper than car insurance? Let’s take a look at the possibility.

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Car vs Motorcycle - Which One is Cheaper to Insure?
Car and Motorcycle – Which One Costs You More to Insure?

There are many trade-offs if you’re considering riding your motorcycle to and from work vs. driving your car to and from work. As more people are hitting the roads these days for their daily commute, the cost of insurance premiums is soaring.

If you’ve grown up riding motorcycles, as many have, you’ve likely considered this option more than those who haven’t grown up riding a motorcycle. If you’ve never ridden a bike before, or been licensed to ride a bike before, you’re going to find that you need a training class in many areas of the country.

If you don’t have this training, your insurance premium is going to be through the roof. This is something important to consider when you’re weighing your options for motorcycle insurance vs. car insurance.

However, if you’ve had this training class, your insurance premium is going to be less costly than that of a car.

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Factors that Insurance Companies Consider:

Insurance companies look at many factors when insuring cars and motorcycles. Based on those, they offer a discount to those who are less prone to accidents and file fewer claims.

  • They want to know how far you’re going to be traveling to and from work on your commute.
  • They want to know how long you’ve had your driver’s license and how long you’ve had your motorcycle endorsement.
  • Obviously, the longer you’ve had both a driver’s license and a motorcycle endorsement, the better. This tends to show that you know what you’re doing, especially if you don’t have any speeding tickets, faulty equipment tickets, or any other types of tickets on your driving record.
  • Attending safety courses and training sessions can go far toward reducing your motorcycle insurance premium. That, coupled with driving shorter distances and having been licensed for a longer period can go far to helping reduce your insurance premiums on your motorcycle.
  • The next thing that you’ll need to consider is the type of motorcycle that you’ll be riding. Is it a fancy sports-type bike? Or, is it an average everyday street bike that doesn’t have any special bells or whistles? Obviously, the second option is going to be a lot less expensive to insure than the previous one. Many people fail to factor in that you’re not comparing apples to apples when you compare motorcycle insurance to car insurance premiums.
  • Many people want insurance that will allow for repairs should there be a collision. This is comp and collision and will be more expensive than regular liability insurance.
  • If you want to ride your motorcycle to work to save money, you’re going to have to make sure that you’ve done your homework. Take safety courses and ensure that you keep your driving record on both your motorcycle and in your car, clean.
  • Avoid potential hazards and practice safe riding tips such as always wearing your helmet and ensuring that your equipment is all functioning properly and safely.
  • Lastly, consider where you live. Insurance premiums are calculated based on the zip code location (garage location) and the length of your commute.

Once you’ve considered all of your options and whether or not you’ve been riding a motorcycle for a longer period or just recently, you can make an educated decision on which vehicle you’ll be insured to go to and from work.

The Bottom Line:

Clearly, there are pros and cons to both options. Learning to choose your coverage levels and opt for the safest and least costly amounts will go far in helping you to make the best decision on the motorcycle and car insurance.

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